v3.26.1
Business Acquisition (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Summary of Purchase Price Allocation The purchase price allocation is shown in the table below (in millions):
Current assets, net of liabilities assumed, excluding cash acquired$7.9 
Property, plant & equipment2.2 
Identifiable intangible assets
20.5 
Goodwill
13.7 
Contingent consideration(a)
(16.3)
Total$28.0 
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(a)The fair value of the contingent consideration was revalued as of March 31, 2026. See Note 6, “Fair Value Information” for further details.
Summary of Identifiable Intangible Assets
The identifiable intangible assets relating to the Nexus Acquisition include the following (in millions, except years):
Identifiable Intangible Asset AmountWeighted Average Useful Lives (Years)
Customer relationships
$15.3 11
Patents3.4 9
Trade names & other
1.8 15
Total$20.5 
Summary of Pro-Forma Information
The following unaudited pro forma financial information is presented in the table below for the three months ended March 31, 2025 as if the Nexus Acquisition had occurred on January 1, 2025 (in millions except per share amounts):
Three Months Ended March 31, 2025
Net sales
$171.5 
Net Income6.5 
Earnings Per Share:
Basic$0.14 
Diluted$0.14