v3.26.1
SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Net Income (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting          
Net income   $ 77.3 $ 47.5 $ 133.3 $ 145.5
Add (subtract):          
Income tax expense   29.8 15.8 56.5 33.6
Interest expense, net   24.0 12.9 45.5 27.2
Depreciation expense   15.2 9.7 29.7 19.7
Amortization expense   29.5 28.5 57.5 55.7
EBITDA   175.8 114.4 322.5 281.7
Adjustments to reconcile to Adjusted EBITDA:          
Inventory step-up   2.0 0.0 5.4 0.0
Foreign exchange (gains) losses on intercompany loans       (9.4) 18.3
Loss (gain) on divestitures $ (70.9) 0.0 5.5 0.0 (66.6)
Change in fair value of EFC contingent consideration   3.4 0.0 9.3 0.0
Other, net   (10.7) (4.5) (4.4) 8.6
Adjusted EBITDA   183.5 136.0 345.8 264.4
Operating Segments          
Add (subtract):          
Depreciation expense   15.2 9.7 29.7 19.7
Adjustments to reconcile to Adjusted EBITDA:          
Restructuring expense   2.3 2.1 4.1 3.2
Acquisition, integration and transaction expenses   10.6 3.3 30.7 11.6
Foreign exchange (gains) losses on intercompany loans   (7.9) 10.6 (7.0) 16.6
Loss (gain) on divestitures   0.0 5.5 0.0 (66.6)
Unrealized (gains) losses on metals derivative contracts   (8.0) (3.9) (29.7) 6.9
Debt financing costs   0.0 0.0 0.0 1.8
Other, net   $ 5.3 $ 4.0 $ 10.5 $ 9.2