v3.26.1
Business Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Operating Results and Other Financial Data
Segment operating results and other financial data for the three months ended March 31, 2026 and 2025, were as follows:
Three Months Ended March 31, 2026
(in millions)Sealing TechnologiesAdvanced Surface TechnologiesTotal
Sales from external customers$199.0 $104.0 $303.0 
Intersegment sales— 0.2 0.2 
199.0 104.2 303.2 
Reconciliation of sales
Elimination of intersegment sales(0.2)
Total consolidated sales303.0 
Cost of sales(103.3)(70.0)
Selling, General, and Administrative(46.5)(26.2)
Adjusting Items:
Acquisition expenses1.0 — 
Amortization of fair value adjustment to acquisition date inventory3.2 — 
Depreciation and amortization expense11.2 16.3 
Adjusted Segment EBITDA$64.6 $24.3 $88.9 
Three Months Ended March 31, 2025
(in millions)Sealing TechnologiesAdvanced Surface TechnologiesTotal
Sales from external customers$179.6 $93.6 $273.2 
Intersegment sales— 0.2 0.2 
179.6 93.8 273.4 
Reconciliation of sales
Elimination of intersegment sales(0.2)
Total consolidated sales273.2 
Cost of sales(90.9)(64.1)
Selling, General, and Administrative(38.4)(26.2)
Other Operating1
— (0.7)
Adjusting Items:
Acquisition expenses0.2 — 
Restructuring expense— 0.7 
Depreciation and amortization expense8.2 17.0 
Adjusted Segment EBITDA$58.7 $20.5 $79.2 
1 Other Operating consists of restructuring related expense.
Three Months Ended March 31,
(in millions)2026
2025
Reconciliation of Income Before Income Taxes to Adjusted Segment EBITDA
Income before income taxes$33.9 $32.3 
Acquisition expenses1.0 0.2 
Amortization of fair value adjustment to acquisition date inventory3.2 — 
Restructuring expense— 0.7 
Depreciation and amortization expense27.5 25.2 
Corporate expenses13.7 11.3 
Interest expense, net8.8 8.0 
Other expense, net0.8 1.5 
Adjusted Segment EBITDA$88.9 $79.2 
Schedule of Net Sales by Geographical Area
Three Months Ended March 31,
20262025
(in millions)
Net Sales by Geographic Area
United States$172.2 $154.7 
Asia Pacific 69.1 58.3 
Europe43.1 40.6 
Rest of world18.6 19.6 
Total$303.0 $273.2 
Schedule of Disaggregation of Revenue Below is a summary of our third-party sales by major end market with which we did business for the three months ended March 31, 2026 and March 31, 2025:
Three Months Ended March 31, 2026
(in millions)Sealing TechnologiesAdvanced Surface TechnologiesTotal
Aerospace$20.4 $2.1 $22.5 
Commercial vehicle37.0 — 37.0 
Food and pharmaceutical22.4 — 22.4 
General industrial79.3 6.6 85.9 
Oil and gas16.3 1.5 17.8 
Power generation20.4 — 20.4 
Semiconductors3.2 93.8 97.0 
Total third-party sales$199.0 $104.0 $303.0 

Three Months Ended March 31, 2025
(in millions)Sealing TechnologiesAdvanced Surface TechnologiesTotal
Aerospace$20.3 $4.1 $24.4 
Commercial vehicle40.2 — 40.2 
Food and pharmaceutical18.0 — 18.0 
General industrial66.9 6.7 73.6 
Oil and gas14.8 1.1 15.9 
Power generation17.4 — 17.4 
Semiconductors2.0 81.7 83.7 
Total third-party sales$179.6 $93.6 $273.2 
Schedule of Segment Related Capital Expenditure, Depreciation and Amortization on those Expenditures
 Three Months Ended March 31,
 20262025
​
Capital Expenditures
Sealing Technologies$7.5 $2.7 
Advanced Surface Technologies4.8 5.3 
Total capital expenditures$12.3 $8.0 
Depreciation and Amortization Expense
Sealing Technologies$11.2 $8.2 
Advanced Surface Technologies16.3 17.0 
Total depreciation and amortization$27.5 $25.2 
Schedule of Total Assets Segment
Segment assets are as follows:
 March 31,
2026		December 31,
2025
 (in millions)
Assets
Sealing Technologies$1,224.9 $1,210.1 
Advanced Surface Technologies1,283.0 1,287.4 
Corporate127.6 165.5 
$2,635.5 $2,663.0