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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 1,493.9 $ 1,436.2
Cost of goods sold 1,333.3 1,249.4
Gross profit 160.6 186.8
Selling, general and administrative expenses 98.3 86.1
Amortization of intangible assets 21.4 21.5
Restructuring and acquisition-related costs 4.8 8.9
Operating income 36.1 70.3
Interest expense (50.5) (44.7)
Interest income 5.9 3.0
Debt refinancing and redemption costs 0.0 (5.6)
Unrealized loss on equity securities (0.3) (18.0)
Other income (expense), net 3.7 (1.0)
Income (loss) before income taxes (5.1) 4.0
Income tax expense 0.0 3.0
Net income (loss) $ (5.1) $ 1.0
Basic earnings (loss) per share $ (0.04) $ 0.01
Diluted earnings (loss) per share $ (0.04) $ 0.01