v3.26.1
Investments in Unconsolidated Affiliates (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity (Earnings) Losses for Unconsolidated Affiliates

The following table presents equity (earnings) losses from our unconsolidated affiliates for the three and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

WAVE

 

$

(33.6

)

 

$

(32.1

)

 

$

(61.0

)

 

$

(58.9

)

Overcast

 

 

0.2

 

 

 

0.2

 

 

 

0.3

 

 

 

0.4

 

Equity (earnings) from unconsolidated affiliates, net

 

$

(33.4

)

 

$

(31.9

)

 

$

(60.7

)

 

$

(58.5

)

Summary of Investment in Joint Venture, Income Statement Data

The following table presents condensed financial statement data for WAVE:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net sales

 

$

147.4

 

 

$

140.0

 

 

$

276.4

 

 

$

264.1

 

Gross profit

 

 

89.8

 

 

 

86.7

 

 

 

167.2

 

 

 

161.8

 

Net earnings

 

 

69.3

 

 

 

66.4

 

 

 

126.5

 

 

 

121.7