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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 498.5 $ 498.2 $ 1,522.5 $ 1,573.7
Cost of products sold 404.9 411.5 1,236.0 1,303.8
Gross profit 93.6 86.7 286.5 269.9
Selling expense 18.1 20.5 54.6 60.6
Research and development expense 5.7 5.4 17.5 16.6
General expense 51.6 63.4 173.3 185.8
Total nonmanufacturing expenses 75.4 89.3 245.4 263.0
Goodwill impairment expense 0.0 401.0 0.0 401.0
Restructuring and other impairment expense 11.2 16.3 37.4 17.6
Operating profit (loss) 7.0 (419.9) 3.7 (411.7)
Interest expense 18.3 16.8 55.0 48.8
Other expense, net (12.7) (0.3) (12.1) (3.6)
Loss from continuing operations before income taxes (24.0) (437.0) (63.4) (464.1)
Income tax expense (benefit), net (3.2) 27.3 (13.2) 30.0
Net loss from continuing operations (20.8) (464.3) (50.2) (494.1)
Net income from discontinued operations 0.0 9.3 0.0 26.9
Net loss (20.8) (455.0) (50.2) (467.2)
Dividends to participating securities (0.1) (0.5) (0.2) (0.7)
Net income (loss) attributable to Common Stockholders (20.9) (455.5) (50.4) (467.9)
Net income (loss) attributable to Common Stockholders $ (20.9) $ (455.5) $ (50.4) $ (467.9)
Net loss per share - basic:        
Loss per share from continuing operations (in dollars per share) $ (0.38) $ (8.50) $ (0.93) $ (9.06)
Income per share from discontinued operations (in dollars per share) 0 0.17 0 0.49
Basic (in dollars per share) (0.38) (8.33) (0.93) (8.57)
Net loss per share – diluted:        
Loss per share from continuing operations (in dollars per share) (0.38) (8.50) (0.93) (9.06)
Income per share from discontinued operations (in dollars per share) 0 0.17 0 0.49
Diluted (in dollars per share) $ (0.38) $ (8.33) $ (0.93) $ (8.57)
Weighted average shares outstanding:        
Basic (in shares) 54,327,500 54,659,100 54,305,800 54,600,100
Diluted (in shares) 54,327,500 54,659,100 54,305,800 54,600,100