v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net sales $ 594.9 $ 539.5 $ 1,089.5 $ 1,010.4
Cost of sales 471.8 [1] 440.5 [2] 871.1 [1] 821.6 [2]
Gross profit 123.1 99.0 218.4 188.8
Operating costs and expenses:        
Engineering, selling and administrative expenses 90.4 87.4 181.0 170.3
Amortization of intangible assets 0.8 0.8 1.6 1.6
Restructuring expense 0.8 1.0 1.6 1.8
Total operating costs and expenses 92.0 89.2 184.2 173.7
Operating income 31.1 9.8 34.2 15.1
Other expense:        
Interest expense (9.2) (9.2) (18.1) (17.9)
Amortization of deferred financing fees (0.3) (0.3) (0.7) (0.7)
Other income (expense) - net (0.2) 1.0 (3.3) (4.0)
Total other expense (9.7) (8.5) (22.1) (22.6)
Income (loss) before income taxes 21.4 1.3 12.1 (7.5)
Provision (benefit) for income taxes 7.2 (0.2) 3.9 (2.7)
Net income (loss) $ 14.2 $ 1.5 $ 8.2 $ (4.8)
Per Share Data and Share Amounts:        
Basic net income (loss) per common share $ 0.39 $ 0.04 $ 0.23 $ (0.14)
Diluted net income (loss) per common share $ 0.39 $ 0.04 $ 0.22 $ (0.14)
Weighted average shares outstanding - basic 35,993,386 35,452,594 35,830,394 35,363,682
Weighted average shares outstanding - diluted 36,529,556 35,823,866 36,625,619 35,363,682
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.