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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income $ 41.4 $ 33.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10.4 9.3
Adjustment to fair value of contingent consideration 0.8 0.0
Deferred taxes 0.8 1.2
Profit on disposal (0.1) 0.0
Non-cash income of defined benefit pension plans (0.8) (0.8)
Stock option compensation 2.1 1.9
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable 39.5 (6.0)
Inventories (6.0) 9.1
Prepaid expenses 3.6 (1.2)
Accounts payable and accrued liabilities (19.7) (28.0)
Plant closure provisions (0.1) (0.3)
Income taxes 8.8 0.8
Unrecognized tax benefits 0.2 0.3
Other assets and liabilities (0.3) 2.3
Net cash provided by operating activities 80.6 21.8
Cash Flows from Investing Activities    
Capital expenditures (10.7) (17.7)
Proceeds on disposal of property, plant and equipment 0.1 0.0
Internally developed software (3.7) (4.3)
Net cash used in investing activities (14.3) (22.0)
Cash Flows from Financing Activities    
Non-controlling interest 0.2 0.0
Issue of treasury stock 0.7 0.7
Repurchase of common stock (0.4) (0.3)
Net cash provided by financing activities 0.5 0.4
Effect of foreign currency exchange rate changes on cash (0.4) 0.2
Net change in cash and cash equivalents 66.4 0.4
Cash and cash equivalents at beginning of period 203.7 147.1
Cash and cash equivalents at end of period $ 270.1 $ 147.5