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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the three months ended March 31, 2025 and 2024 was as follows:

		Composite				Engineered				Corporate &
(In millions)		Materials				Products				Other (a)				Total
Quarter Ended March 31, 2025
Net sales to external customers		$	365.3			$	91.2			$	-			$	456.5
Intersegment sales			20.1				0.3				(20.4	)			-
Total sales			385.4				91.5				(20.4	)			456.5
Cost of sales			293.5				79.9				(19.3	)			354.1
Gross margin			91.9				11.6				(1.1	)			102.4
Selling, general and administrative expenses			25.5				4.3				13.5				43.3
Research and technology expenses			11.8				1.1				0.9				13.8
Other operating expense			-				1.1				-				1.1
Operating income (loss)		$	54.6			$	5.1			$	(15.5	)		$	44.2
Depreciation and amortization		$	26.6			$	3.2			$	-			$	29.8
Stock-based compensation			3.0				0.8				5.9				9.7
Accrual basis additions to capital expenditures			15.5				1.6				-				17.1
Quarter Ended March 31, 2024
Net sales to external customers		$	379.5			$	92.8			$	-			$	472.3
Intersegment sales			23.3				0.3				(23.6	)			-
Total sales		$	402.8			$	93.1			$	(23.6	)		$	472.3
Cost of sales			300.3				73.3				(19.5	)			354.1
Gross margin			102.5				19.8				(4.1	)			118.2
Selling, general and administrative expenses			25.3				5.4				18.3				49.0
Research and technology expenses			12.6				1.2				1.3				15.1
Other operating expense			0.8				0.4				-				1.2
Operating income (loss)			63.7				12.9				(23.7	)			52.9
Depreciation and amortization		$	27.2			$	3.8			$	-			$	31.0
Stock-based compensation			3.1				0.8				9.2				13.1
Accrual basis additions to capital expenditures			16.7				1.9				-				18.6

(a)We do not allocate corporate expenses to the operating segments.

Schedule of Goodwill and Intangible Assets by Segment

Goodwill and Intangible Assets		Composite				Engineered
(In millions)		Materials				Products				Total
Balance at December 31, 2024		$	83.1			$	153.9			$	237.0
Amortization expense			(0.4	)			(1.0	)			(1.4	)
Currency translation adjustments			4.6				-				4.6
Balance at March 31, 2025		$	87.3			$	152.9			$	240.2

Schedule of Segment Assets

		Composite		Engineered		Corporate &
(In millions)		Materials		Products		Other (a)		Total
Segment assets
March 31, 2025		$2,188.0		$558.8		$32.4		$2,779.2
December 31, 2024		2,147.6		541.4		36.6		2,725.6

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