Three Months Ended June 30, 2026

(in thousands)

Americas

Asia

Europe

Total

Sales from external customers

$

332,068

$

335,045

$

88,867

$

755,980

Intersegment sales

8,392

10,473

2,650

21,515

$

340,460

$

345,518

$

91,517

$

777,495

Reconciliation of sales

Elimination of intersegment sales

(21,515

)

Sales

$

755,980

Less:

Cost of sales

306,028

289,409

77,343

Selling, general and administrative expenses

5,917

3,952

2,489

Other(1)

588

32

64

Segment income from operations

$

19,535

$

41,652

$

8,971

$

70,158

Reconciliation of income before income taxes

Other - corporate and eliminations(2)

(39,905

)

Interest expense

(3,751

)

Interest income

1,990

Other expense, net

223

Income before income taxes

$

28,715

Six Months Ended June 30, 2026

(in thousands)

Americas

Asia

Europe

Total

Sales from external customers

$

633,668

$

630,250

$

169,342

$

1,433,260

Intersegment sales

18,087

18,389

5,463

41,939

$

651,755

$

648,639

$

174,805

$

1,475,199

Reconciliation of sales

Elimination of intersegment sales

(41,939

)

Sales

$

1,433,260

Less:

Cost of sales

589,055

539,040

147,634

Selling, general and administrative expenses

12,912

7,635

5,186

Other(1)

4,344

67

64

Segment income from operations

$

27,357

$

83,508

$

16,458

$

127,323

Reconciliation of income before income taxes

Other - corporate and eliminations(2)

(75,196

)

Interest expense

(7,400

)

Interest income

3,890

Other expense, net

(1,480

)

Income before income taxes

$

47,137

Three Months Ended June 30, 2025

(in thousands)

Americas

Asia

Europe

Total

Sales from external customers

$

284,210

$

276,562

$

81,563

$

642,335

Intersegment sales

11,007

10,504

1,836

23,347

$

295,217

$

287,066

$

83,399

$

665,682

Reconciliation of sales

Elimination of intersegment sales

(23,347

)

Sales

$

642,335

Less:

Cost of sales

263,884

238,874

72,474

Selling, general and administrative expenses

7,349

3,850

2,440

Other(1)

2,200

6

—

Segment income from operations

$

10,777

$

33,832

$

6,649

$

51,258

Reconciliation of income before income taxes

Other - corporate and eliminations(2)

(30,772

)

Interest expense

(6,348

)

Interest income

3,135

Other expense, net

(666

)

Income before income taxes

$

16,607

Six Months Ended June 30, 2025

(in thousands)

Americas

Asia

Europe

Total

Sales from external customers

$

558,336

$

550,296

$

165,467

$

1,274,099

Intersegment sales

21,159

20,809

4,211

46,179

$

579,495

$

571,105

$

169,678

$

1,320,278

Reconciliation of sales

Elimination of intersegment sales

(46,179

)

Sales

$

1,274,099

Less:

Cost of sales

523,541

470,431

146,106

Selling, general and administrative expenses

14,829

7,384

4,709

Other(1)

13,617

12

—

Segment income from operations

$

6,349

$

72,469

$

14,652

$

93,470

Reconciliation of income before income taxes

Other - corporate and eliminations(2)

(61,225

)

Interest expense

(11,643

)

Interest income

5,867

Other expense, net

(1,468

)

Income before income taxes

$

25,001

Three Months Ended
June 30,

Six Months Ended
June 30,

(in thousands)

2026

2025

2026

2025

Depreciation and amortization:

Americas

$

4,808

$

5,255

$

9,689

$

10,467

Asia

3,363

2,865

6,540

5,608

Europe

1,106

1,006

2,224

1,989

Corporate

2,706

2,891

5,432

5,721

Total depreciation and amortization

$

11,983

$

12,017

$

23,885

$

23,785

Capital expenditures:

Americas

$

3,638

$

5,241

$

13,269

$

6,360

Asia

8,816

4,243

14,991

5,862

Europe

331

1,722

587

2,224

Corporate

137

1,098

2,345

2,014

Total capital expenditures

$

12,922

$

12,304

$

31,192

$

16,460

June 30,

December 31,

(in thousands)

2026

2025

Assets:

Americas

$

859,313

$

819,820

Asia

871,391

752,962

Europe

278,891

269,728

Corporate

204,776

229,205

Total assets

$

2,214,371

$

2,071,715