XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 456.5 $ 419.5 $ 1,429.2 $ 1,331.5
Cost of sales 350.0 327.9 1,077.9 1,001.4
Gross margin 106.5 91.6 351.3 330.1
Selling, general and administrative expenses 39.8 35.4 128.7 121.9
Research and technology expenses 13.8 13.4 43.6 40.6
Other operating expense (income) 0.4 (0.8) 1.8 (0.1)
Operating income 52.5 43.6 177.2 167.7
Interest expense, net 8.5 7.8 23.1 26.4
Income before income taxes, and equity in earnings from affiliated companies 44.0 35.8 154.1 141.3
Income tax expense (benefit) 4.2 (0.7) 27.8 22.5
Income before equity in earnings from affiliated companies 39.8 36.5 126.3 118.8
Equity in earnings from affiliated companies 0.0 2.2 0.0 5.1
Net income $ 39.8 $ 38.7 $ 126.3 $ 123.9
Basic net income per common share $ 0.49 $ 0.46 $ 1.53 $ 1.46
Diluted net income per common share $ 0.49 $ 0.45 $ 1.52 $ 1.45
Weighted-average common shares:        
Basic 81.5 84.6 82.6 84.6
Diluted 82.1 85.6 83.3 85.5