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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 6,124.9 $ 6,079.5 $ 5,802.4
Cost of goods sold 5,383.5 5,455.2 5,097.5
Gross profit 741.4 624.3 704.9
Selling, general and administrative expenses 387.1 366.9 345.1
Amortization of intangible assets 82.9 85.6 85.7
Impairment charge 12.0 0.0 0.0
Restructuring and acquisition-related costs 18.0 25.2 30.2
Operating income 241.4 146.6 243.9
Interest expense (186.0) (201.7) (174.5)
Interest income 28.1 26.2 17.0
Other income (expense)      
Debt refinancing and redemption costs (0.6) (1.3) (6.4)
Gain on bargain purchase of business 0.0 0.0 13.6
Pension curtailment and settlement charges 0.0 (1.3) 0.0
Loss on equity securities (0.1) (1.1) (25.5)
Other income (expense), net (20.0) 8.1 (1.8)
Income (loss) before income taxes 62.8 (24.5) 66.3
Income tax expense 27.8 9.1 2.0
Net income (loss) $ 35.0 $ (33.6) $ 64.3
Basic earnings (loss) per share $ 0.29 $ (0.29) $ 0.54
Diluted earnings (loss) per share $ 0.29 $ (0.29) $ 0.53