v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (9.9) $ 9.1
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets 32.7 31.5
Amortization of debt issuance costs 1.2 0.4
Share-based compensation 1.4 2.7
Deferred taxes 2.2 (5.4)
Foreign currency transactions 2.4 (2.0)
Changes in operating assets and liabilities, net:    
Trade receivables (60.2) (56.7)
Inventories 21.9 1.2
Trade payables (15.2) 17.2
Other provisions 14.4 (5.2)
Income tax liabilities (2.1) 3.6
Other assets and liabilities, net (1.2) 4.0
Net cash provided by (used in) operating activities (12.4) 0.4
Cash flows from investing activities:    
Acquisition of property, plant and equipment (36.1) (29.2)
Net cash used in investing activities (36.1) (29.2)
Cash flows from financing activities:    
Repayments of long-term debt (7.6) (0.8)
Payments for debt issue costs (4.7) 0.0
Cash inflows related to current financial liabilities 76.1 56.2
Cash outflows related to current financial liabilities (22.2) (12.6)
Dividends paid (1.2) (1.2)
Repurchase of Common stock (0.8) (19.8)
Net cash provided by financing activities 39.6 21.8
Decrease in cash, cash equivalents and restricted cash (8.9) (7.0)
Cash, cash equivalents and restricted cash at the beginning of the period 61.2 44.6
Effect of exchange rate changes on cash (0.3) 1.4
Cash, cash equivalents and restricted cash at the end of the period 52.0 39.0
Less restricted cash at the end of the period 1.5 1.5
Cash and cash equivalents at the end of the period $ 50.5 $ 37.5