v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 12.2 $ 22.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 84.8 57.4
Deferred income tax expense (benefit) 6.3 (2.5)
Share-based compensation expense 3.1 1.8
Changes in working capital pertaining to operating activities:    
Receivables, net (97.0) 23.2
Inventories 32.7 (34.4)
Accounts payable (12.5) (14.8)
Accrued liabilities 13.3 (4.2)
Interest payable (1.4) 0.0
Income taxes 13.1 (1.1)
Other operating activities (9.1) (5.0)
Net cash provided by operating activities 45.5 43.3
Cash Flows from Investing Activities    
Capital expenditures (32.9) (17.5)
Acquisition of Phoenix Global, net of cash acquired 1.8 0.0
Other investing activities 1.5 0.3
Net cash used in investing activities (29.6) (17.2)
Cash Flows from Financing Activities    
Proceeds from revolving facility 185.5 0.0
Repayment of revolving facility (218.0) 0.0
Dividends paid (20.9) (21.1)
Cash distribution to noncontrolling interests (4.4) (5.2)
Repayment of finance lease liabilities (3.0) (0.2)
Other financing activities (1.1) (3.0)
Net cash used in financing activities (61.9) (29.5)
Net decrease in cash and cash equivalents (46.0) (3.4)
Cash and cash equivalents at beginning of period 88.7 189.6
Cash and cash equivalents at end of period 42.7 186.2
Supplemental Disclosure of Cash Flow Information    
Interest paid 19.3 12.2
Income taxes paid, net of refunds of $18.7 million and $5.0 million, respectively $ (15.4) $ 10.1