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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 523.8 $ 526.5 $ 1,024.0 $ 1,075.5
Cost of products sold 414.9 431.0 831.1 892.3
Gross profit 108.9 95.5 192.9 183.2
Selling expense 18.0 19.7 36.5 40.1
Research and development expense 5.8 4.5 11.8 11.2
General expense 62.8 60.4 121.7 122.4
Total nonmanufacturing expenses 86.6 84.6 170.0 173.7
Restructuring and impairment expense 11.8 0.5 26.2 1.3
Operating profit (loss) 10.5 10.4 (3.3) 8.2
Interest expense 18.4 16.4 36.7 32.0
Other income (expense), net (1.1) (2.6) 0.6 (3.3)
Loss from continuing operations before income taxes (9.0) (8.6) (39.4) (27.1)
Income tax expense (benefit), net (7.6) 5.7 (10.0) 2.7
Net loss from continuing operations (1.4) (14.3) (29.4) (29.8)
Net income from discontinued operations 0.0 9.8 0.0 17.6
Net loss (1.4) (4.5) (29.4) (12.2)
Dividends to participating securities (0.1) (0.1) (0.1) (0.2)
Net loss attributable to Common Stockholders, basic (1.5) (4.6) (29.5) (12.4)
Net loss attributable to Common Stockholders, diluted $ (1.5) $ (4.6) $ (29.5) $ (12.4)
Net loss per share - basic:        
Loss per share from continuing operations (in dollars per share) $ (0.03) $ (0.26) $ (0.54) $ (0.55)
Income per share from discontinued operations (in dollars per share) 0 0.18 0 0.32
Basic (in dollars per share) (0.03) (0.08) (0.54) (0.23)
Net loss per share – diluted:        
Loss per share from continuing operations (in dollars per share) (0.03) (0.26) (0.54) (0.55)
Income per share from discontinued operations (in dollars per share) 0 0.18 0 0.32
Diluted (in dollars per share) $ (0.03) $ (0.08) $ (0.54) $ (0.23)
Weighted average shares outstanding:        
Basic (in shares) 54,321,800 54,656,400 54,294,800 54,570,100
Diluted (in shares) 54,321,800 54,656,400 54,294,800 54,570,100