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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 2,026.0 $ 1,636.9 $ 930.7
Cost of products sold 1,670.2 1,330.9 747.5
Gross profit 355.8 306.0 183.2
Selling expense 78.9 59.8 32.5
Research and development expense 21.2 18.8 11.8
General expense 246.0 248.5 153.2
Total nonmanufacturing expenses 346.1 327.1 197.5
Goodwill impairment expense 401.0 0.0 0.0
Restructuring and other impairment expense 22.6 19.1 1.9
Operating loss (413.9) (40.2) (16.2)
Interest expense 62.2 57.3 40.4
Other income (expense), net (4.8) 1.0 30.1
Loss from continuing operations before income taxes (480.9) (96.5) (26.5)
Income tax (expense) benefit (26.8) 27.6 28.2
Net income (loss) from continuing operations (507.7) (68.9) 1.7
Income from discontinued operations, net of tax 198.2 62.3 87.2
Net income (loss) (309.5) (6.6) 88.9
Dividends to participating securities (0.7) (0.9) (0.6)
Undistributed earnings available to common stockholders, basic 0.0 0.0 (0.5)
Less: Undistributed earnings available to participating securities, diluted 0.0 0.0 (0.5)
Undistributed and distributed earnings (loss) available to common stockholders, basic (310.2) (7.5) 87.8
Undistributed and distributed earnings (loss) available to common stockholders, diluted $ (310.2) $ (7.5) $ 87.8
Net income (loss) per share - basic:      
Income (Loss) per share from continuing operations (in dollars per share) $ (9.33) $ (1.64) $ 0.02
Income per share from discontinued operations (in dollars per share) 3.64 1.46 2.81
Basic (in dollars per share) (5.69) (0.18) 2.83
Net income (loss) per share – diluted:      
Income (Loss) per share from continuing operations (in dollars per share) (9.33) (1.64) 0.02
Income per share from discontinued operations (in dollars per share) 3.64 1.46 2.78
Diluted (in dollars per share) $ (5.69) $ (0.18) $ 2.80
Weighted average shares outstanding:      
Basic (in shares) 54,506,900 42,442,200 31,030,400
Diluted (in shares) 54,506,900 42,442,200 31,400,300