v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 43.2 $ 63.0
Accounts receivable, net 49.4 47.7
Inventories 32.7 30.6
Income tax receivable 6.2 1.9
Prepaid expenses and other current assets 14.0 10.6
Total current assets 145.5 153.8
Property, plant and equipment, net 131.6 138.7
Operating lease right-of-use assets, net 21.8 24.0
Goodwill 454.0 457.2
Intangible assets, net 275.6 291.8
Deferred tax assets 0.4 0.4
Other assets 67.8 59.0
Total assets 1,096.7 1,124.9
Current liabilities    
Accounts payable 36.5 36.7
Accrued liabilities and other 22.9 23.9
Current portion of long-term debt 6.8 5.5
Operating lease liabilities, current 3.5 3.9
Deferred revenue 11.6 14.0
Total current liabilities 81.3 84.0
Long-term debt 395.8 396.4
Deferred tax liabilities 48.8 50.7
Derivative instruments 27.5 33.4
Operating lease liabilities, non-current 22.1 24.2
Other liabilities 1.3 1.3
Total liabilities 576.8 590.0
Commitments and contingencies – Note 13
Shareholders’ equity    
Class A common stock, $0.0001 par, 200,000,000 shares authorized at June 30, 2026 and December 31, 2025; shares issued and outstanding: 85,750,150 and 84,385,870 at June 30, 2026 and December 31, 2025, respectively 0.0 0.0
Additional paid-in capital 727.1 722.3
Accumulated deficit (201.7) (183.6)
Accumulated other comprehensive loss (5.5) (3.8)
Total shareholders’ equity 519.9 534.9
Total liabilities and shareholders’ equity $ 1,096.7 $ 1,124.9