v3.26.1
Segment Information (Tables)
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Summary of Results of Operations for Company's Business Segment

The following table summarizes the results of operations for the Company’s business segment:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(in millions)

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Net sales

 

$

245.4

 

 

$

216.7

 

 

$

470.4

 

 

$

385.2

 

Cost of sales

 

 

158.7

 

 

 

135.8

 

 

 

306.3

 

 

 

243.3

 

Other segment items (1)

 

 

44.4

 

 

 

41.8

 

 

 

87.6

 

 

 

76.7

 

Segment adjusted EBITDA (2)

 

 

42.3

 

 

 

39.1

 

 

 

76.5

 

 

 

65.2

 

Depreciation expense (3)

 

 

4.3

 

 

 

3.2

 

 

 

8.2

 

 

 

6.3

 

Amortization expense

 

 

2.6

 

 

 

2.6

 

 

 

5.3

 

 

 

5.5

 

Capital expenditures

 

 

3.2

 

 

 

6.4

 

 

 

6.6

 

 

 

25.7

 

 

(1)
Other segment items includes operating expenses, which primarily consists of selling, general and administrative expenses. Other segment items excludes the impact of depreciation, intangible amortization, restructuring, stock compensation and other items that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business performance.
(2)
Excludes the impacts mentioned in Other segment items.
(3)
Includes amortization of finance lease right-of-use assets.
Schedule of Reconciliation of Segment Adjusted EBITDA to Net Earnings

A reconciliation of segment Adjusted EBITDA to net earnings is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(in millions)

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Adjusted EBITDA

 

$

42.3

 

 

$

39.1

 

 

$

76.5

 

 

$

65.2

 

Less: Other segment operating expenses (1)

 

 

18.6

 

 

 

12.8

 

 

 

34.4

 

 

 

23.3

 

Income from operations

 

 

23.7

 

 

 

26.3

 

 

 

42.1

 

 

 

41.9

 

Interest expense (income), net

 

 

0.4

 

 

 

(0.6

)

 

 

0.4

 

 

 

(1.0

)

Other expense (income), net

 

 

2.0

 

 

 

(10.6

)

 

 

1.4

 

 

 

(11.0

)

Earnings before income taxes

 

 

21.3

 

 

 

37.5

 

 

 

40.3

 

 

 

53.9

 

Provision for income taxes

 

 

10.5

 

 

 

8.4

 

 

 

15.2

 

 

 

12.6

 

Net earnings

 

$

10.8

 

 

$

29.1

 

 

$

25.1

 

 

$

41.3

 

 

(1)
Consists of the impact of depreciation, intangible amortization, restructuring, stock compensation and other items that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business performance.