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v3.24.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Revenue and Earnings from continuing operations by market segment |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |
Precision Devices | $ | 74.1 |  |  | $ | 47.8 |  |  | $ | 148.4 |  |  | $ | 101.5 |
MedTech & Specialty Audio | 59.5 |  |  | 60.6 |  |  | 116.6 |  |  | 106.1 |
Consumer MEMS Microphones | 71.1 |  |  | 64.6 |  |  | 136.1 |  |  | 109.7 |
Total revenues | $ | 204.7 |  |  | $ | 173.0 |  |  | $ | 401.1 |  |  | $ | 317.3 |
(Loss) earnings before interest and income taxes:
Precision Devices | $ | 4.2 |  |  | $ | 4.8 |  |  | $ | 2.1 |  |  | $ | 15.5 |
MedTech & Specialty Audio | 24.0 |  |  | 23.6 |  |  | 46.7 |  |  | 35.0 |
Consumer MEMS Microphones (1) | (246.4) |  |  | 6.3 |  |  | (241.1) |  |  | (1.9) |
Total segments | (218.2) |  |  | 34.7 |  |  | (192.3) |  |  | 48.6 |
Corporate expense / other | 17.7 |  |  | 16.5 |  |  | 33.5 |  |  | 33.7 |
Interest expense, net | 4.6 |  |  | 0.8 |  |  | 9.0 |  |  | 1.6 |
(Loss) earnings before income taxes | (240.5) |  |  | 17.4 |  |  | (234.8) |  |  | 13.3 |
Provision for income taxes | 18.8 |  |  | 3.8 |  |  | 22.0 |  |  | 4.9 |
Net (loss) earnings | $ | (259.3) |  |  | $ | 13.6 |  |  | $ | (256.8) |  |  | $ | 8.4 |
Reconciliation of Assets from Segment to Consolidated | Information regarding assets of the Company's reportable segments:
| Total Assets
(in millions) | June 30, 2024 |  | December 31, 2023
Precision Devices | $ | 576.3 |  |  | $ | 577.9 |
MedTech & Specialty Audio | 342.9 |  |  | 351.1 |
Consumer MEMS Microphones | 255.7 |  |  | 530.0 |
Corporate / eliminations | 3.2 |  |  | 3.8 |
Total | $ | 1,178.1 |  |  | $ | 1,462.8 |
Revenue from External Customers by Geographic Areas | The following table details revenues by geographic location. Revenues are attributed to regions based on the location of the Company's direct customer, which in some instances is an intermediary and not necessarily the end user. The Company's businesses are based primarily in Asia, North America, and Europe.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Asia | $ | 112.6 |  |  | $ | 108.9 |  |  | $ | 218.3 |  |  | $ | 188.9 |
United States | 57.9 |  |  | 34.0 |  |  | 116.0 |  |  | 69.3 |
Europe | 26.9 |  |  | 25.7 |  |  | 53.1 |  |  | 49.8 |
Other Americas | 2.6 |  |  | 1.3 |  |  | 5.4 |  |  | 3.4 |
Other | 4.7 |  |  | 3.1 |  |  | 8.3 |  |  | 5.9 |
Total | $ | 204.7 |  |  | $ | 173.0 |  |  | $ | 401.1 |  |  | $ | 317.3 |

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