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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 95.6 $ 94.3
Restricted cash 10.4 0.0
Accounts receivable, net 208.9 162.4
Inventories, net 344.5 355.1
Income taxes receivable 16.6 20.6
Other current assets 25.4 25.7
Total current assets 701.4 658.1
Property, plant and equipment, net 631.6 620.3
Finance lease right-of-use assets 16.5 16.2
Operating lease right-of-use assets 52.9 46.4
Deferred income tax benefits 0.2 8.1
Goodwill 57.5 465.6
Intangible assets, net 546.6 553.4
Other assets 70.0 79.8
Total assets 2,076.7 2,447.9
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current debt 2.9 2.6
Finance lease liabilities 1.7 1.6
Operating lease liabilities 9.8 9.5
Accounts payable 172.9 151.7
Income taxes payable 5.5 8.4
Accrued expenses and other current liabilities 102.7 100.7
Total current liabilities 295.5 274.5
Long-term debt 1,087.7 1,086.7
Finance lease liabilities, noncurrent 17.0 16.3
Operating lease liabilities, noncurrent 42.3 36.4
Pension and other postretirement benefits 56.9 54.3
Deferred income tax liabilities 86.0 100.9
Other liabilities 74.7 20.3
Total liabilities 1,660.1 1,589.4
Stockholders’ equity:    
Preferred stock, $0.10 par value; 10,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $0.10 par value; 100,000,000 shares authorized; $54,648,991 and 54,335,830 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 5.5 5.4
Additional paid-in-capital 680.7 675.7
Retained earnings (accumulated deficit) (282.1) 164.3
Accumulated other comprehensive income, net of tax 12.5 13.1
Total stockholders’ equity 416.6 858.5
Total liabilities and stockholders’ equity $ 2,076.7 $ 2,447.9