v3.26.1
Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:
Supply TechnologiesAssembly ComponentsEngineered ProductsTotal
(In millions)
Three Months Ended March 31, 2026
Net sales$195.1 $100.2 $125.7 $421.0 
Cost of sales157.9 90.0 100.4 348.3 
Gross profit37.2 10.2 25.3 72.7 
Selling, general and administrative expenses19.7 4.9 19.1 43.7 
Restructuring and other special charges— 0.4 0.5 0.9 
Segment operating income17.5 4.9 5.7 28.1 
Corporate expenses(8.0)
Corporate restructuring and other special charges(0.4)
Operating income19.7 
Other components of pension and other postretirement benefits income, net2.1 
Interest expense, net(12.3)
Income from continuing operations before income taxes$9.5 
Three Months Ended March 31, 2025
Net sales$187.8 $96.9 $120.7 $405.4 
Cost of sales153.2 85.7 98.4 337.3 
Gross profit34.6 11.2 22.3 68.1 
Selling, general and administrative expenses16.8 5.7 17.7 40.2 
Restructuring and other special charges— 0.2 0.8 1.0 
Segment operating income17.8 5.3 3.8 26.9 
Corporate expenses(7.9)
Operating income19.0 
Other components of pension and other postretirement benefits income, net1.8 
Interest expense, net(11.1)
Income from continuing operations before income taxes$9.7 
Three Months Ended March 31,
20262025
Capital expenditures:
Supply Technologies$3.7 $4.7 
Assembly Components2.0 1.4 
Engineered Products4.7 3.1 
Corporate2.1 0.3 
$12.5 $9.5 
Depreciation and amortization:
Supply Technologies$1.8 $1.6 
Assembly Components3.1 3.4 
Engineered Products3.1 3.1 
Corporate0.3 0.2 
$8.3 $8.3 
March 31,
2026		December 31,
2025
Identifiable assets:
Supply Technologies$501.0 $489.4 
Assembly Components300.1 293.3 
Engineered Products464.4 465.9 
Corporate200.0 199.9 
$1,465.5 $1,448.5