v3.26.3
Note 15 - Segmental Information (Tables)
9 Months Ended
Sep. 27, 2026
Notes Tables  
Segment Reporting [Table Text Block]

 

 

Third Quarter 2026

 

 

 

Gas

 

 

 

 

​

 

 

 

​

 

Graphic

 

 

 

 

​

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

42.6

 

 

$

46.7

 

 

$

2.4

 

 

$

—

 

 

$

91.7

 

Manufacturing fixed costs

 

 

(6.4

)

 

 

(8.2

)

 

 

(0.2

)

 

 

—

 

 

 

(14.8

)

Other cost of sales(1)

 

 

(27.9

)

 

 

(25.0

)

 

 

(1.6

)

 

 

—

 

 

 

(54.5

)

Other segment items(2)

 

 

(4.2

)

 

 

(7.4

)

 

 

(0.5

)

 

 

—

 

 

 

(12.1

)

Segment adjusted EBITA

 

$

4.1

 

 

$

6.1

 

 

$

0.1

 

 

$

—

 

 

$

10.3

 

Amortization

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.2

)

Share-based compensation charges

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.9

)

Restructuring charges

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.7

)

Other costs

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(4.7

)

Defined benefit pension charge

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.1

)

Interest expense, net

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(1.0

)

Income before tax from continuing operations

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

$

1.7

 

 

 

Third Quarter 2025

 

 

 

Gas

 

 

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

42.9

 

 

$

50.0

 

 

$

2.7

 

 

$

—

 

 

$

95.6

 

Manufacturing fixed costs

 

 

(7.5

)

 

 

(8.8

)

 

 

—

 

 

 

—

 

 

 

(16.3

)

Other cost of sales(1)

 

 

(28.5

)

 

 

(26.4

)

 

 

(1.6

)

 

 

—

 

 

 

(56.5

)

Other segment items(2)

 

 

(4.1

)

 

 

(6.4

)

 

 

(1.0

)

 

 

—

 

 

 

(11.5

)

Segment adjusted EBITA

 

$

2.8

 

 

$

8.4

 

 

$

0.1

 

 

$

—

 

 

$

11.3

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.0

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3.4

)

Loss on assets held for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Disposal costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.1

)

Defined benefit pension credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.7

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5.5

 

 

 

Year-to-date 2026

 

 

 

Gas

 

 

 

 

​

 

 

 

​

 

Graphic

 

 

 

 

​

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

130.6

 

 

$

136.1

 

 

$

6.4

 

 

$

—

 

 

$

273.1

 

Manufacturing fixed costs

 

 

(19.6

)

 

 

(24.7

)

 

 

(0.6

)

 

 

—

 

 

 

(44.9

)

Other cost of sales(1)

 

 

(87.9

)

 

 

(67.2

)

 

 

(3.7

)

 

 

—

 

 

 

(158.8

)

Other segment items(2)

 

 

(12.7

)

 

 

(22.8

)

 

 

(1.8

)

 

 

—

 

 

 

(37.3

)

Segment adjusted EBITA

 

$

10.4

 

 

$

21.4

 

 

$

0.3

 

 

$

—

 

 

$

32.1

 

Amortization

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.6

)

Share-based compensation charges

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(3.0

)

Restructuring charges

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(4.5

)

Other costs

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(6.5

)

Defined benefit pension charge

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(0.2

)

Interest expense, net

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

(2.7

)

Income before tax from continuing operations

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

$

13.6

 

 

 

Year-to-date 2025

 

 

 

Gas

 

 

 

 

 

 

 

 

 

 

Graphic

 

 

 

 

 

In millions

 

Cylinders

 

 

Elektron

 

 

Superform

 

 

Arts

 

 

Total

 

Net sales

 

$

131.0

 

 

$

149.5

 

 

$

6.8

 

 

$

13.4

 

 

$

300.7

 

Manufacturing fixed costs

 

 

(22.6

)

 

 

(24.3

)

 

 

(0.7

)

 

 

(4.0

)

 

 

(51.6

)

Other cost of sales(1)

 

 

(87.9

)

 

 

(80.6

)

 

 

(4.2

)

 

 

(7.4

)

 

 

(180.1

)

Other segment items(2)

 

 

(11.9

)

 

 

(21.2

)

 

 

(1.8

)

 

 

(3.1

)

 

 

(38.0

)

Segment adjusted EBITA

 

$

8.6

 

 

$

23.4

 

 

$

0.1

 

 

$

(1.1

)

 

$

31.0

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.6

)

Share-based compensation charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.8

)

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5.2

)

Loss on assets held for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.8

)

Disposal costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.2

)

Defined benefit pension credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.4

)

Income before tax from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17.8

 

 

 

Depreciation and amortization

 

 

Restructuring charges / (credit)

 

 

 

Third Quarter

 

 

Year-to-date

 

 

Third Quarter

 

 

Year-to-date

 

In millions

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gas Cylinders segment

 

$

0.7

 

 

$

0.9

 

 

$

2.0

 

 

$

2.6

 

 

$

0.3

 

 

$

0.9

 

 

$

3.9

 

 

$

3.0

 

Elektron segment

 

 

1.5

 

 

 

1.7

 

 

 

4.7

 

 

 

4.9

 

 

 

0.4

 

 

 

2.6

 

 

 

0.6

 

 

 

2.6

 

Superform segment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.1

)

 

 

—

 

 

 

(0.4

)

Consolidated

 

$

2.2

 

 

$

2.6

 

 

$

6.7

 

 

$

7.5

 

 

$

0.7

 

 

$

3.4

 

 

$

4.5

 

 

$

5.2

 

 

 

Total assets

 

 

Capital expenditures

 

 

 

September 27,

 

 

December 31,

 

 

Third Quarter

 

 

Year-to-date

 

In millions

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gas Cylinders segment

 

$

126.1

 

 

$

121.8

 

 

$

1.2

 

 

$

0.5

 

 

$

2.5

 

 

$

1.3

 

Elektron segment

 

 

184.5

 

 

 

171.0

 

 

 

2.0

 

 

 

1.2

 

 

 

5.4

 

 

 

3.3

 

Superform segment

 

 

6.0

 

 

 

5.5

 

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

0.2

 

Graphic Arts segment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.1

 

Total reportable segments

 

$

316.6

 

 

$

298.3

 

 

$

3.2

 

 

$

1.7

 

 

$

8.0

 

 

$

4.9

 

Other

 

 

66.7

 

 

 

71.4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consolidated

 

$

383.3

 

 

$

369.7

 

 

$

3.2

 

 

$

1.7

 

 

$

8.0

 

 

$

4.9

 

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset [Table Text Block]

 

 

Property, plant and equipment, net

 

 

 

September 27,

 

 

December 31,

 

In millions

 

2026

 

 

2025

 

U.S.

 

$24.4

 

 

$23.3

 

United Kingdom

 

 

34.3

 

 

 

34.1

 

Canada

 

 

2.3

 

 

 

2.5

 

Asia Pacific

 

 

0.3

 

 

 

0.3

 

 

 

$61.3

 

 

$60.2

 

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]

 

 

Net Sales(1)

 

 

 

Third Quarter

 

 

Year-to-date

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

 

$M

 

 

Percent

 

United States

 

$59.2

 

 

 

64.5%

 

$65.8

 

 

 

68.9%

 

$176.1

 

 

 

64.5%

 

$194.8

 

 

 

64.8%

United Kingdom

 

 

7.2

 

 

 

7.9%

 

 

6.0

 

 

 

6.3%

 

 

15.3

 

 

 

5.6%

 

 

18.1

 

 

 

6.0%

Germany

 

 

4.8

 

 

 

5.2%

 

 

5.8

 

 

 

6.1%

 

 

11.6

 

 

 

4.2%

 

 

17.0

 

 

 

5.7%

Japan

 

 

4.5

 

 

 

4.9%

 

 

4.3

 

 

 

4.5%

 

 

7.8

 

 

 

2.9%

 

 

14.9

 

 

 

5.0%

Canada

 

 

2.4

 

 

 

2.6%

 

 

1.4

 

 

 

1.5%

 

 

9.7

 

 

 

3.6%

 

 

7.2

 

 

 

2.4%

Top five countries

 

$78.1

 

 

 

85.2%

 

$83.3

 

 

 

87.2%

 

$220.5

 

 

 

80.8%

 

$252.0

 

 

 

83.9%

Rest of Europe

 

 

8.0

 

 

 

8.7%

 

 

7.1

 

 

 

7.4%

 

 

27.5

 

 

 

10.1%

 

 

26.7

 

 

 

8.9%

Asia Pacific

 

 

4.9

 

 

 

5.3%

 

 

4.0

 

 

 

4.2%

 

 

17.9

 

 

 

6.6%

 

 

16.4

 

 

 

5.5%

Rest of the World (2)

 

 

0.7

 

 

 

0.8%

 

 

1.2

 

 

 

1.3%

 

 

7.2

 

 

 

2.6%

 

 

5.6

 

 

 

1.9%

 

 

$

91.7

 

 

 

 

 

 

$

95.6

 

 

 

 

 

 

$

273.1

 

 

 

 

 

 

$

300.7