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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
[1]
Jun. 30, 2025
Jun. 30, 2024
[1]
Income Statement [Abstract]        
Net sales $ 823.1 $ 773.4 [2] $ 1,600.5 $ 1,510.9 [2]
Costs and expenses:        
Cost of products sold, excluding depreciation and amortization 722.8 669.8 1,396.2 1,321.1
Depreciation and amortization 29.6 29.0 [2] 59.6 57.8 [2]
Selling, general, administrative, research and development 32.6 31.6 63.4 64.2
Restructuring costs 0.1 6.8 1.9 6.9
Other operating charges, net 0.0 0.0 [2] 0.0 0.4 [2]
Total costs and expenses 785.1 737.2 1,521.1 1,450.4
Operating income 38.0 36.2 79.4 60.5
Other (expense) income:        
Interest expense (12.5) (11.1) [2] (23.7) (22.6) [2]
Other income (expense), net - Note 9 4.4 (0.5) [2] 3.0 10.4 [2]
Income before income taxes 29.9 24.6 58.7 48.3
Income tax provision (6.7) (5.7) [3] (13.9) (11.2) [3]
Net income $ 23.2 $ 18.9 [4] $ 44.8 [5] $ 37.1 [4],[5]
Net income per common share:        
Basic $ 1.44 $ 1.18 [6] $ 2.77 [6] $ 2.31 [6]
Diluted $ 1.41 $ 1.15 [6] $ 2.72 [6] $ 2.27 [6]
Weighted-average number of common shares outstanding (in thousands):        
Basic 16,160 16,072 [6] 16,138 [6] 16,050 [6]
Diluted 16,479 16,398 [6] 16,457 [6] 16,321 [6]
[1] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[2] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[3] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[4] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[5] See Note 12 for supplemental cash flow information.
[6] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.