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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Operating Results and Other Financial Data

Segment operating results and other financial data for the years ended December 31, 2023, 2022, and 2021 were as follows:

			Years Ended December 31,
			2023						2022						2021
			(in millions)
Sales
Sealing Technologies			$	658.4					$	624.3					$	599.8
Advanced Surface Technologies			401.2						476.1						247.3
			1,059.6						1,100.4						847.1
Intersegment sales			(0.3)						(1.2)						(6.7)
Total sales			$	1,059.3					$	1,099.2					$	840.4
Adjusted Segment EBITDA
Sealing Technologies			$	192.3					$	159.1					$	141.9
Advanced Surface Technologies			95.5						141.5						73.2
Total Adjusted Segment EBITDA			$	287.8					$	300.6					$	215.1
Reconciliation of Adjusted Segment EBITDA to income from continuing operations before income taxes
Income from continuing operations before income taxes			$	37.7					$	28.3					$	66.0
Acquisition and divestiture expenses			1.1						0.5						0.4
Non-controlling interest compensation allocation			(0.3)						(0.6)						5.3
Amortization of fair value adjustment to acquisition date inventory			—						13.3						9.9
Restructuring and impairment expense			4.0						1.9						2.4
Depreciation and amortization expense			94.3						102.8						63.5
Corporate expenses			49.5						47.0						64.9
Interest expense, net			30.1						33.9						13.7
Goodwill impairment			60.8						65.2						—
Other expense (income), net			10.6						8.3						(11.0)
Adjusted Segment EBITDA			$	287.8					$	300.6					$	215.1

Schedule of Net Sales by Geographical Area

			Years Ended December 31,
			2023						2022						2021
			(in millions)
Net Sales by Geographic Area
United States			$	640.3					$	687.4					$	445.7
Europe			149.6						139.7						132.7
Other foreign			269.4						272.1						262.0
Total			$	1,059.3					$	1,099.2					$	840.4

Schedule of Disaggregation of Revenue

Below is a summary of our third-party sales by major end market with which we did business for the years ended December 31, 2023, 2022 and 2021:

			Year Ended December 31, 2023
			(in millions)
			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	47.5					$	10.8					$	58.3
Chemical and material processing			84.6						—						84.6
Food and pharmaceutical			65.4						—						65.4
General industrial			151.6						19.8						171.4
Commercial vehicle			198.4						—						198.4
Oil and gas			19.8						8.0						27.8
Power generation			68.3						—						68.3
Semiconductors			8.3						355.2						363.5
Other			14.5						7.1						21.6
Total third-party sales			$	658.4					$	400.9					$	1,059.3

			Year Ended December 31, 2022
			(in millions)
			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	41.2					$	6.1					$	47.3
Chemical and material processing			77.6						—						77.6
Food and pharmaceutical			70.8						—						70.8
General industrial			162.3						28.4						190.7
Commercial vehicle			191.2						—						191.2
Oil and gas			21.4						5.2						26.6
Power generation			43.1						0.1						43.2
Semiconductors			6.1						430.9						437.0
Other			9.7						5.1						14.8
Total third-party sales			$	623.4					$	475.8					$	1,099.2

			Year Ended December 31, 2021
			(in millions)
			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	32.1					$	9.8					$	41.9
Chemical and material processing			72.5						—						72.5
Food and pharmaceutical			65.1						—						65.1
General industrial			161.8						25.7						187.5
Commercial vehicle			174.3						—						174.3
Oil and gas			19.0						4.6						23.6
Power generation			43.6						0.2						43.8
Semiconductors			14.6						203.6						218.2
Other			10.2						3.3						13.5
Total third-party sales			$	593.2					$	247.2					$	840.4

Schedule of Segment Related Capital Expenditure, Depreciation and Amortization on those Expenditures

			Years Ended December 31,
			2023						2022						2021
			(in millions)
Capital Expenditures
Sealing Technologies			$	17.1					$	8.2					$	6.3
Advanced Surface Technologies			16.8						21.2						8.6
Total capital expenditures			$	33.9					$	29.4					$	14.9
Depreciation and Amortization Expense
Sealing Technologies			$	25.1					$	26.1					$	30.6
Advanced Surface Technologies			69.2						76.7						32.9
Corporate			0.2						0.3						0.3
Total depreciation and amortization			$	94.5					$	103.1					$	63.8

Schedule of Total Assets Segment

			As of December 31,
			2023						2022
			(in millions)
Assets
Sealing Technologies			$	687.1					$	689.6
Advanced Surface Technologies			1,385.9						1,519.6
Corporate			426.5						422.7
Discontinued Operations			—						15.9
			$	2,499.5					$	2,647.8

Schedule of Long Lived Assets Segment

Long-Lived Assets
United States			$	154.9					$	152.7
France			7.9						7.4
Other Europe			1.2						0.9
Other foreign			29.8						24.2
Total			$	193.8					$	185.2

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