Segments (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following tables show information by reportable segment for the three and six months ended June 30, 2026 and 2025:


		Three Months Ended June 30, 2026																Six Months Ended June 30, 2026
		Americas				EURAF				MEAP				Total				Americas				EURAF				MEAP				Total
Revenues from external customers		$	301.9			$	197.2			$	95.8			$	594.9			$	570.3			$	364.6			$	154.6			$	1,089.5
Less: (a)
Cost of sales			233.9				163.0				74.9				471.8				451.1				300.6				119.4				871.1
Engineering, selling, and administration costs			35.1				36.2				6.9				78.2				72.3				71.3				13.1				156.7
Other segment items (b)			0.7				0.7				—				1.4				2.5				0.7				—				3.2
Segment operating income (loss)			32.2				(2.7	)			14.0				43.5				44.4				(8.0	)			22.1				58.5

Reconciliation of segment operating income (loss)
Interest expense															(9.2	)															(18.1	)
Amortization of deferred financing fees															(0.3	)															(0.7	)
Other expense - net															(0.2	)															(3.3	)
Unallocated amounts:
Other corporate expenses															(12.4	)															(24.3	)
Income before income taxes														$	21.4															$	12.1

Other Segment Disclosures
Depreciation and amortization (c)			8.4				5.5				0.7				14.6				17.2				10.9				1.5				29.6
Capital expenditures			7.7				5.9				0.5				14.1				14.1				7.2				1.0				22.3

(a)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(b)

Other segment items for each reportable segment include:

Americas — amortization expense and restructuring expense.

EURAF — restructuring expense.

(c)

The amount of depreciation and amortization disclosed by reportable segment is included within cost of sales or engineering, selling, and administration costs, as applicable.


		Three Months Ended June 30, 2025																Six Months Ended June 30, 2025
		Americas				EURAF				MEAP				Total				Americas				EURAF				MEAP				Total
Revenues from external customers		$	323.2			$	152.5			$	63.8			$	539.5			$	582.5			$	298.1			$	129.8			$	1,010.4
Less: (a)
Cost of sales			262.9				130.0				47.6				440.5				471.2				254.1				96.3				821.6
Engineering, selling, and administration costs			33.3				36.4				6.4				76.1				65.7				68.6				12.3				146.6
Other segment items (b)			0.9				0.7				—				1.6				1.8				1.3				-				3.1
Segment operating income (loss)			26.1				(14.6	)			9.8				21.3				43.8				(25.9	)			21.2				39.1

Reconciliation of segment operating income (loss)
Interest expense															(9.2	)															(17.9	)
Amortization of deferred financing fees															(0.3	)															(0.7	)
Other income (expense) - net															1.0																(4.0	)
Unallocated amounts:
Other corporate expenses															(11.5	)															(24.0	)
Income (loss) before income taxes														$	1.3															$	(7.5	)

Other Segment Disclosures
Depreciation and amortization (c)			8.4				5.5				0.7				14.6				17.2				10.9				1.4				29.5
Capital expenditures			3.6				1.8				0.5				5.9				9.4				5.4				1.5				16.3

(a)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(b)

Other segment items for each reportable segment include:

Americas — amortization expense and restructuring expense.

EURAF — restructuring expense.

(c)

The amount of depreciation and amortization disclosed by reportable segment is included within cost of sales or engineering, selling, and administration costs, as applicable.

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and six months ended June 30, 2026 and 2025 are summarized as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
United States		$	264.5			$	286.2			$	503.7			$	527.4
Europe			193.0				147.6				343.5				289.1
Other			137.4				105.7				242.3				193.9
Total net sales		$	594.9			$	539.5			$	1,089.5			$	1,010.4

Schedule of Net Sales By Product

New machine and non-new machine sales for the three and six months ended June 30, 2026 and 2025 are summarized as follows:


		Three Months Ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
New machine sales		$	422.7			$	377.9			$	751.6			$	688.2
Non-new machine sales			172.2				161.6				337.9				322.2
Total net sales		$	594.9			$	539.5			$	1,089.5			$	1,010.4