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v3.25.3

Reportable Segments (Schedule of Reportable Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | $ 261,434 | $ 298,386 | $ 861,607 | $ 943,710
Cost of goods sold | 311,372 | 208,002 | 717,552 | 632,257
Gross profit/(loss) | (49,938) | 90,384 | 144,055 | 311,453
Selling, general and administrative expenses | 51,905 | 52,097 | 164,219 | 162,447
Technical and research expenses | 11,467 | 10,844 | 35,915 | 35,369
Restructuring expenses, net | 3,197 | 2,272 | 9,895 | 6,584
Operating income/(loss) | (116,507) | 25,171 | (65,974) | 107,053
MC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 174,950 | 183,033 | 530,573 | 561,828
Restructuring expenses, net | 2,000 | 2,200 |  |
AEC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 86,484 | 115,353 | 331,034 | 381,882
Operating Segments | MC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 174,950 | 183,033 | 530,573 | 561,828
Cost of goods sold | 92,880 | 94,112 | 284,842 | 299,379
Gross profit/(loss) | 82,070 | 88,921 | 245,731 | 262,449
Selling, general and administrative expenses | 30,291 | 32,048 | 98,841 | 95,384
Technical and research expenses | 6,716 | 7,042 | 21,332 | 22,066
Restructuring expenses, net | 1,960 | 2,207 | 6,322 | 3,294
Operating income/(loss) | 43,103 | 47,624 | 119,236 | 141,705
Operating Segments | AEC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 86,484 | 115,353 | 331,034 | 381,882
Cost of goods sold | 218,492 | 113,890 | 432,710 | 332,878
Gross profit/(loss) | (132,008) | 1,463 | (101,676) | 49,004
Selling, general and administrative expenses | 12,218 | 11,923 | 34,121 | 36,249
Technical and research expenses | 3,673 | 3,802 | 11,472 | 13,303
Restructuring expenses, net | 113 | 34 | 1,801 | 3,144
Operating income/(loss) | (148,012) | (14,296) | (149,070) | (3,692)
Corporate |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 0 | 0 | 0 | 0
Cost of goods sold | 0 | 0 | 0 | 0
Gross profit/(loss) | 0 | 0 | 0 | 0
Selling, general and administrative expenses | 9,396 | 8,126 | 31,257 | 30,814
Technical and research expenses | 1,078 | 0 | 3,111 | 0
Restructuring expenses, net | 1,124 | 31 | 1,772 | 146
Operating income/(loss) | $ (11,598) | $ (8,157) | $ (36,140) | $ (30,960)

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