XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Unaudited Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Income Statement [Abstract]        
Net sales $ 680.0 $ 594.8 $ 1,944.7 $ 1,708.1
Cost of sales 599.8 527.0 1,724.1 1,527.4
Gross profit 80.2 67.8 220.6 180.7
Operating expenses:        
Selling, general and administrative 52.6 46.1 170.6 144.2
Research and development costs 1.3 0.9 3.5 2.9
Amortization of intangible assets 0.6 1.3 3.0 5.7
Restructuring costs 0.0 2.3 0.0 8.9
Total operating expenses 54.5 50.6 177.1 161.7
Operating income 25.7 17.2 43.5 19.0
Interest expense, net 7.3 4.3 21.9 11.2
Loss on investment in China JV     0.7  
Loss on sale of business     1.1 0.1
Income before provision for income taxes 18.4 12.9 19.8 7.7
Provision for income taxes 3.5 3.4 4.2 1.2
Net income 14.9 9.5 15.6 6.5
Other comprehensive (loss) income , net of tax     (0.5) 0.2
Comprehensive income $ 14.9 $ 9.5 $ 15.1 $ 6.7
Net income per common share:        
Basic $ 0.25 $ 0.16 $ 0.27 $ 0.11
Diluted 0.25 0.16 0.26 0.1
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15