Segment operating results and other financial data for the quarters and six months ended June 30, 2026 and 2025, were as follows: | | | | | | | | | | | | | | | | | | | Quarter Ended June 30, 2026 | | | | | | | | (in millions) | Sealing Technologies | | Advanced Surface Technologies | | Total | | Sales to external customers | $ | 216.2 | | | $ | 122.6 | | | $ | 338.8 | | | Intersegment sales | — | | | 0.3 | | | 0.3 | | | 216.2 | | | 122.9 | | | 339.1 | | | Reconciliation of sales | | | | | | | Elimination of intersegment sales | | | | | (0.3) | | | Total consolidated sales | | | | | 338.8 | | | | | | | | | Cost of sales | (108.6) | | | (81.4) | | | | | Selling, general, and administrative | (47.0) | | | (28.6) | | | | Other operating1 | (0.1) | | | — | | | | | Adjusting Items: | | | | | | | Acquisition expenses | 0.4 | | | — | | | | | | | | | | | Amortization of fair value adjustment to acquisition date inventory | 0.1 | | | — | | | | | Restructuring expense | 0.1 | | | — | | | | | Depreciation and amortization expense | 10.6 | | | 16.5 | | | | | Adjusted Segment EBITDA | $ | 71.7 | | | $ | 29.4 | | | $ | 101.1 | | | | | | | |
| | | | | | | | | | | | | | | | | | | Quarter Ended June 30, 2025 | | | | | | | | (in millions) | Sealing Technologies | | Advanced Surface Technologies | | Total | | Sales to external customers | $ | 187.5 | | | $ | 100.6 | | | $ | 288.1 | | | Intersegment sales | — | | | 0.3 | | | 0.3 | | | 187.5 | | | 100.9 | | | 288.4 | | | Reconciliation of sales | | | | | | | Elimination of intersegment sales | | | | | (0.3) | | | Total consolidated sales | | | | | 288.1 | | | | | | | | | Cost of sales | (94.2) | | | (69.6) | | | | | Selling, general, and administrative | (38.6) | | | (28.4) | | | | Other operating1 | 0.4 | | | (0.2) | | | | | Adjusting Items: | | | | | | | Acquisition expenses | 0.3 | | | — | | | | | | | | | | | | | | | | | Restructuring expense, net | (0.4) | | | 0.2 | | | | | Depreciation and amortization expense | 8.3 | | | 16.9 | | | | | Adjusted Segment EBITDA | $ | 63.3 | | | $ | 19.8 | | | $ | 83.1 | |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | (in millions) | Sealing Technologies | | Advanced Surface Technologies | | Total | | Sales to external customers | $ | 415.2 | | | $ | 226.6 | | | $ | 641.8 | | | Intersegment sales | — | | | 0.5 | | | 0.5 | | | 415.2 | | | 227.1 | | | 642.3 | | | Reconciliation of sales | | | | | | | Elimination of intersegment sales | | | | | (0.5) | | | Total consolidated sales | | | | | 641.8 | | | | | | | | | Cost of sales | (211.8) | | | (151.4) | | | | | Selling, general, and administrative | (93.6) | | | (54.8) | | | | Other operating1 | (0.1) | | | — | | | | | Adjusting Items: | | | | | | | Acquisition expenses | 1.4 | | | — | | | | | | | | | | | Amortization of fair value adjustment to acquisition date inventory | 3.3 | | | — | | | | | Restructuring expense | 0.1 | | | — | | | | | Depreciation and amortization expense | 21.8 | | | 32.8 | | | | | Adjusted Segment EBITDA | $ | 136.3 | | | $ | 53.7 | | | $ | 190.0 | | | | | | | |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | (in millions) | Sealing Technologies | | Advanced Surface Technologies | | Total | | Sales to external customers | $ | 367.1 | | | $ | 194.2 | | | $ | 561.3 | | | Intersegment sales | — | | | 0.5 | | | 0.5 | | | 367.1 | | | 194.7 | | | 561.8 | | | Reconciliation of sales | | | | | | | Elimination of intersegment sales | | | | | (0.5) | | | Total consolidated sales | | | | | 561.3 | | | | | | | | | Cost of sales | (185.1) | | | (133.8) | | | | | Selling, general, and administrative | (77.0) | | | (54.5) | | | | Other operating1 | 0.4 | | | (0.9) | | | | | Adjusting Items: | | | | | | | Acquisition expenses | 0.5 | | | — | | | | | | | | | | | | | | | | | Restructuring expense (income), net | (0.4) | | | 0.9 | | | | | Depreciation and amortization expense | 16.5 | | | 33.9 | | | | | Adjusted Segment EBITDA | $ | 122.0 | | | $ | 40.3 | | | $ | 162.3 | |
1 Other Operating consists of restructuring related expense (income), net, which includes income in the quarter ended June 30, 2025 related to gains on the sale of fixed assets as a result of restructuring actions. | | | | | | | | | | | | | | | | | | | | | | | | | Quarters Ended June 30, | | Six Months Ended June 30, | | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | Reconciliation of Income Before Income Taxes to Adjusted Segment EBITDA | | | | | | | | | Income before income taxes | $ | 32.9 | | | $ | 35.5 | | | $ | 66.8 | | | $ | 67.8 | | | Acquisition expenses | 0.4 | | | 0.3 | | | 1.4 | | | 0.5 | | | | | | | | | | | Amortization of fair value adjustment to acquisition date inventory | 0.1 | | | — | | | 3.3 | | | — | | | Restructuring expense | 0.1 | | | (0.2) | | | 0.1 | | | 0.5 | | | | | | | | | | | Depreciation and amortization expense | 27.1 | | | 25.2 | | | 54.6 | | | 50.4 | | | Corporate expenses | 15.7 | | | 12.1 | | | 29.4 | | | 23.4 | | | Interest expense, net | 8.3 | | | 7.5 | | | 17.1 | | | 15.5 | | | | | | | | | | | Other expense, net | 16.5 | | | 2.7 | | | 17.3 | | | 4.2 | | | Adjusted Segment EBITDA | $ | 101.1 | | | $ | 83.1 | | | $ | 190.0 | | | $ | 162.3 | |
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