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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 93.7 $ 159.2 $ 245.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization 195.0 159.5 154.1
Asset Impairment Charges 5.8 0.0 0.0
Stock-based compensation expense 24.3 23.9 19.1
Provision for deferred income taxes 25.2 31.8 44.8
Gain on disposition of property, plant, equipment, and other assets (10.3) (28.2) (11.7)
(Gain) loss on sale of businesses 2.1 (6.4) (189.0)
(Increase) decrease in other assets 23.6 (6.4) (3.8)
Increase (decrease) in other liabilities (42.8) (7.1) (16.0)
Other 0.4 6.5 (3.7)
Changes in current assets and liabilities:      
(Increase) decrease in receivables 70.0 (47.8) (65.9)
(Increase) decrease in inventories 59.2 (83.5) (26.7)
(Increase) decrease in other current assets (4.3) (1.8) (8.5)
Increase (decrease) in accounts payable (48.3) 77.2 27.0
Increase (decrease) in advance billings 66.8 (1.4) 21.9
Increase (decrease) in accrued liabilities 41.6 (14.5) (13.1)
Net cash provided by operating activities 502.0 261.0 174.3
Investing activities:      
Proceeds from disposition of property, plant, equipment, and other assets 18.3 36.6 32.2
Capital expenditures (189.7) (203.5) (138.0)
Acquisitions, net of cash acquired (1,424.1) (120.9) (75.1)
Proceeds from sale of businesses 86.6 2.0 271.6
Net cash provided (required) by investing activities (1,508.9) (285.8) 90.7
Financing activities:      
Payments to retire debt (502.0) (143.8) (220.2)
Proceeds from issuance of debt 1,635.0 160.0 80.0
Shares repurchased 0.0 (13.8) (15.0)
Dividends paid to common shareholders (9.7) (9.8) (9.8)
Purchase of shares to satisfy employee tax on vested stock (10.6) (11.4) (12.5)
Holdback payment from acquisition 0.0 (10.0) 0.0
Debt issuance costs (23.3) (2.0) 0.0
Net cash (required) provided by financing activities 1,089.4 (30.8) (177.5)
Net increase (decrease) in cash and cash equivalents 82.5 (55.6) 87.5
Cash and cash equivalents at beginning of period 104.8 160.4 72.9
Cash and cash equivalents at end of period $ 187.3 $ 104.8 $ 160.4