v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate corporate costs, which include but are not limited to executive compensation and corporate office costs; items that are non-operating; or certain items that are unusual in nature. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:
Supply TechnologiesAssembly ComponentsEngineered ProductsTotal
(In millions)
Three Months Ended June 30, 2026
Net sales$209.3 $101.4 $129.4 $440.1 
Cost of sales170.5 90.5 100.2 361.2 
Gross profit38.8 10.9 29.2 78.9 
Selling, general and administrative expenses20.0 5.3 19.6 44.9 
Restructuring and other special charges0.3 0.3 0.6 1.2 
Segment operating income18.5 5.3 9.0 32.8 
Corporate expenses(7.8)
Corporate restructuring and other special charges(0.1)
Operating income24.9 
Other components of pension and other postretirement benefits income, net2.2 
Interest expense, net(12.4)
Income from continuing operations before income taxes$14.7 
Three Months Ended June 30, 2025
Net sales$187.1 $95.1 $117.9 $400.1 
Cost of sales154.3 84.2 93.4 331.9 
Gross profit32.8 10.9 24.5 68.2 
Selling, general and administrative expenses16.1 4.8 18.1 39.0 
Restructuring and other special charges0.4 0.5 0.4 1.3 
Segment operating income16.3 5.6 6.0 27.9 
Corporate expenses(7.5)
Operating income20.4 
Other components of pension and other postretirement benefits income, net1.8 
Interest expense, net(11.3)
Income from continuing operations before income taxes$10.9 
Supply TechnologiesAssembly ComponentsEngineered ProductsTotal
(In millions)
Six Months Ended June 30, 2026
Net sales$404.4 $201.6 $255.1 $861.1 
Cost of sales328.4 180.5 200.6 709.5 
Gross profit76.0 21.1 54.5 151.6 
Selling, general and administrative expenses39.7 10.2 38.7 88.6 
Restructuring and other special charges0.3 0.7 1.1 2.1 
Segment operating income36.0 10.2 14.7 60.9 
Corporate expenses(15.8)
Corporate restructuring and other special charges(0.5)
Operating income44.6 
Other components of pension and other postretirement benefits income, net4.3 
Interest expense, net(24.7)
Income from continuing operations before income taxes$24.2 
Six Months Ended June 30, 2025
Net sales$374.9 $192.0 $238.6 $805.5 
Cost of sales307.5 169.9 191.8 669.2 
Gross profit67.4 22.1 46.8 136.3 
Selling, general and administrative expenses32.9 10.5 35.8 79.2 
Restructuring and other special charges0.4 0.7 1.2 2.3 
Segment operating income34.1 10.9 9.8 54.8 
Corporate expenses(15.4)
Operating income39.4 
Other components of pension and other postretirement benefits income, net3.6 
Interest expense, net(22.4)
Income from continuing operations before income taxes$20.6 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Capital expenditures:
Supply Technologies$4.7 $3.1 $8.4 $7.8 
Assembly Components1.7 1.5 3.7 2.9 
Engineered Products4.4 2.7 9.1 5.8 
Corporate0.2 0.1 2.3 0.4 
$11.0 $7.4 $23.5 $16.9 
Depreciation and amortization expense:
Supply Technologies$1.7 $1.7 $3.5 $3.3 
Assembly Components3.2 3.2 6.3 6.6 
Engineered Products3.2 3.3 6.3 6.4 
Corporate0.3 — 0.6 0.2 
$8.4 $8.2 $16.7 $16.5 
June 30,
2026		December 31,
2025
Identifiable assets:
Supply Technologies$505.6 $489.4 
Assembly Components309.5 293.3 
Engineered Products479.0 465.9 
Corporate207.7 199.9 
$1,501.8 $1,448.5