v3.26.1
Note 14 - Segmental Information (Tables)
6 Months Ended
Jun. 28, 2026
Notes Tables  
Segment Reporting [Table Text Block]

 

 

Second Quarter 2026

 

 

 

Gas

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

46.2

 

 

$

47.3

 

 

$

2.2

 

 

$

 

 

$

95.7

 

Manufacturing fixed costs

 

 

(6.6

)

 

 

(8.6

)

 

 

(0.2

)

 

 

 

 

 

(15.4

)

Other cost of sales(1)

 

 

(32.0

)

 

 

(22.7

)

 

 

(1.1

)

 

 

 

 

 

(55.8

)

Other segment items(2)

 

 

(4.4

)

 

 

(7.8

)

 

 

(0.4

)

 

 

 

 

 

(12.6

)

Segment adjusted EBITA

 

$

3.2

 

 

$

8.2

 

 

$

0.5

 

 

$

 

 

$

11.9

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.1

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.6

)

Other costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.2

)

Defined benefit pension charge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.0

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6.7

 

 

 

Second Quarter 2025

 

 

 

Gas

 

 

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

47.0

 

 

$

50.1

 

 

$

2.6

 

 

$

6.9

 

 

$

106.6

 

Manufacturing fixed costs

 

 

(7.6

)

 

 

(8.3

)

 

 

(0.3

)

 

 

(2.1

)

 

 

(18.3

)

Other cost of sales(1)

 

 

(31.3

)

 

 

(26.7

)

 

 

(1.6

)

 

 

(4.0

)

 

 

(63.6

)

Other segment items(2)

 

 

(4.1

)

 

 

(7.4

)

 

 

(0.4

)

 

 

(1.6

)

 

 

(13.5

)

Segment adjusted EBITA

 

$

4.0

 

 

$

7.7

 

 

$

0.3

 

 

$

(0.8

)

 

$

11.2

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.9

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.0

)

Loss on assets held for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.8

)

Disposal costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

Defined benefit pension credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.9

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4.9

 

 

 

Year-to-date 2026

 

 

 

Gas

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

88.0

 

 

$

89.4

 

 

$

4.0

 

 

$

 

 

$

181.4

 

Manufacturing fixed costs

 

 

(13.2

)

 

 

(16.5

)

 

 

(0.4

)

 

 

 

 

 

(30.1

)

Other cost of sales(1)

 

 

(60.0

)

 

 

(42.2

)

 

 

(2.1

)

 

 

 

 

 

(104.3

)

Other segment items(2)

 

 

(8.5

)

 

 

(15.4

)

 

 

(1.3

)

 

 

 

 

 

(25.2

)

Segment adjusted EBITA

 

$

6.3

 

 

$

15.3

 

 

$

0.2

 

 

$

 

 

$

21.8

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.4

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.1

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3.8

)

Other costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.8

)

Defined benefit pension charge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.7

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11.9

 

 

 

Year-to-date 2025

 

 

 

Gas

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

88.1

 

 

$

99.5

 

 

$

4.1

 

 

$

13.4

 

 

$

205.1

 

Manufacturing fixed costs

 

 

(15.1

)

 

 

(15.5

)

 

 

(0.7

)

 

 

(4.0

)

 

 

(35.3

)

Other cost of sales(1)

 

 

(59.3

)

 

 

(54.2

)

 

 

(2.6

)

 

 

(7.5

)

 

 

(123.6

)

Other segment items(2)

 

 

(7.9

)

 

 

(14.8

)

 

 

(0.8

)

 

 

(3.0

)

 

 

(26.5

)

Segment adjusted EBITA

 

$

5.8

 

 

$

15.0

 

 

$

 

 

$

(1.1

)

 

$

19.7

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.4

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.8

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.8

)

Loss on assets held for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.8

)

Disposal costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

Defined benefit pension credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.2

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.7

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12.3

 

 

 

Depreciation and amortization

 

 

Restructuring charges / (credit)

 

 

 

Second Quarter

 

 

Year-to-date

 

 

Second Quarter

 

 

Year-to-date

 

In millions

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gas Cylinders segment

 

$

0.6

 

 

$

0.9

 

 

$

1.3

 

 

$

1.7

 

 

$

1.4

 

 

$

2.0

 

 

$

3.6

 

 

$

2.1

 

Elektron segment

 

 

1.6

 

 

 

1.6

 

 

 

3.2

 

 

 

3.2

 

 

 

0.1

 

 

 

 

 

 

0.2

 

 

 

 

Superform segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

 

 

 

 

 

 

 

 

(0.3

)

Consolidated

 

$

2.2

 

 

$

2.5

 

 

$

4.5

 

 

$

4.9

 

 

$

1.6

 

 

$

2.0

 

 

$

3.8

 

 

$

1.8

 

 

 

Total assets

 

 

Capital expenditures

 

 

 

June 28,

 

 

December 31,

 

 

Second Quarter

 

 

Year-to-date

 

In millions

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gas Cylinders segment

 

$

124.4

 

 

$

121.8

 

 

$

0.6

 

 

$

0.5

 

 

$

1.3

 

 

$

0.8

 

Elektron segment

 

 

186.4

 

 

 

171.0

 

 

 

2.0

 

 

 

1.1

 

 

 

3.4

 

 

 

2.1

 

Superform segment

 

 

6.7

 

 

 

5.5

 

 

 

 

 

 

0.2

 

 

 

0.1

 

 

 

0.2

 

Graphic Arts segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total reportable segments

 

$

317.5

 

 

$

298.3

 

 

$

2.6

 

 

$

1.8

 

 

$

4.8

 

 

$

3.2

 

Other

 

 

71.5

 

 

 

71.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

389.0

 

 

$

369.7

 

 

$

2.6

 

 

$

1.8

 

 

$

4.8

 

 

$

3.2

 

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset [Table Text Block]

 

 

Property, plant and equipment, net

 

 

 

June 28,

 

 

December 31,

 

In millions

 

2026

 

 

2025

 

U.S.

 

$23.6

 

 

$23.3

 

United Kingdom

 

 

33.8

 

 

 

34.1

 

Canada

 

 

2.3

 

 

 

2.5

 

Asia Pacific

 

 

0.3

 

 

 

0.3

 

 

 

$60.0

 

 

$60.2

 

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]

 

 

Net Sales(1)

 

 

 

Second Quarter

 

 

Year-to-date

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

United States

 

$62.8

 

 

 

65.6%

 

$65.9

 

 

 

61.9%

 

$116.9

 

 

 

64.5%

 

$129.0

 

 

 

62.9%

United Kingdom

 

 

4.0

 

 

 

4.2%

 

 

6.4

 

 

 

6.0%

 

 

8.1

 

 

 

4.5%

 

 

12.1

 

 

 

5.9%

France

 

 

3.0

 

 

 

3.1%

 

 

2.7

 

 

 

2.5%

 

 

4.7

 

 

 

2.6%

 

 

5.1

 

 

 

2.5%

Germany

 

 

3.8

 

 

 

4.0%

 

 

5.3

 

 

 

5.0%

 

 

6.8

 

 

 

3.7%

 

 

11.2

 

 

 

5.5%

Canada

 

 

3.5

 

 

 

3.7%

 

 

2.8

 

 

 

2.6%

 

 

7.3

 

 

 

4.0%

 

 

5.8

 

 

 

2.8%

Top five countries

 

$77.1

 

 

 

80.6%

 

$83.1

 

 

 

78.0%

 

$143.8

 

 

 

79.3%

 

$163.2

 

 

 

79.6%

Rest of Europe

 

 

7.2

 

 

 

7.5%

 

 

7.0

 

 

 

6.6%

 

 

14.9

 

 

 

8.2%

 

 

14.5

 

 

 

7.1%

Asia Pacific

 

 

7.0

 

 

 

7.3%

 

 

13.8

 

 

 

12.9%

 

 

16.3

 

 

 

9.0%

 

 

23.0

 

 

 

11.2%

Rest of the World (2)

 

 

4.4

 

 

 

4.6%

 

 

2.7

 

 

 

2.5%

 

 

6.4

 

 

 

3.5%

 

 

4.4

 

 

 

2.1%

 

 

$95.7

 

 

 

 

 

 

$106.6

 

 

 

 

 

 

$181.4

 

 

 

 

 

 

$205.1