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Segmental Information (Tables)

6 Months Ended

Jul. 02, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment for the Second Quarter and first half ended July 2, 2023, and June 26, 2022, is included in the following summary:

						Net sales																								Adjusted EBITDA
						Second Quarter												Year-to-date												Second Quarter												Year-to-date
			In millions			2023						2022						2023						2022						2023						2022						2023						2022
			Gas Cylinders segment			$	48.5					$	46.1					$	90.0					$	88.5					$	4.9					$	3.7					$	7.4					$	6.4
			Elektron segment			61.9						63.4						121.7						118.0						9.5						13.2						18.3						26.6
			Consolidated			$	110.4					$	109.5					$	211.7					$	206.5					$	14.4					$	16.9					$	25.7					$	33.0

						Depreciation and amortization																								Restructuring charges
						Second Quarter												Year-to-date												Second Quarter												Year-to-date
			In millions			2023						2022						2023						2022						2023						2022						2023						2022
			Gas Cylinders segment			$	1.0					$	1.2					$	2.1					$	2.6					$	2.5					$	0.1					$	2.8					$	1.5
			Elektron segment			2.3						2.2						4.5						4.5						—						0.2						—						0.2
			Consolidated			$	3.3					$	3.4					$	6.6					$	7.1					$	2.5					$	0.3					$	2.8					$	1.7

13.    Segmental Information (continued)

						Total assets																		Capital expenditures
						July 2,						December 31,												Second Quarter												Year-to-date
			In millions			2023						2022												2023						2022						2023						2022
			Gas Cylinders segment			$	139.6					$	133.1											$	0.3					$	0.2					$	0.6					$	0.4
			Elektron segment			223.9						216.4												2.7						1.8						4.4						2.6
			Other			45.1						49.5												—						—						—						—
			Discontinued operations			6.6						8.1												0.2						—						0.1						—
			Consolidated			$	415.2					$	407.1											$	3.2					$	2.0					$	5.1					$	3.0

Property, Plant and Equipment, Net by Geographic Region

						Property, plant and equipment, net
						July 2,						December 31,
			In millions			2023						2022
			U.S.			$	39.3					$	41.6
			United Kingdom			34.0						32.0
			Canada			2.0						2.8
			Rest of Europe			1.0						1.0
			Asia Pacific			0.4						0.3
						$	76.7					$	77.7

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:

						Second Quarter												Year-to-date
			In millions			2023						2022						2023						2022
			Adjusted EBITDA			$	14.4					$	16.9					$	25.7					$	33.0
			Other share-based compensation charges			(0.7)						(0.7)						(1.3)						(0.9)
			Depreciation and amortization			(3.3)						(3.4)						(6.6)						(7.1)
			Gain on disposal of property, plant and equipment			—						0.2						—						0.2
			Restructuring charges			(2.5)						(0.3)						(2.8)						(1.7)
			Acquisition and disposal related costs			—						(0.1)						—						(0.3)
			Defined benefits pension credit / (charge)			0.6						0.3						(8.3)						0.7
			Interest expense, net			(1.8)						(0.9)						(3.1)						(1.7)
			Net income before income taxes from continuing operations			$	6.7					$	12.0					$	3.6					$	22.2

Revenue from External Customers and Long-term Assets by Geographic Areas

The following tables present certain geographic information by geographic region for the Second Quarter and First Half of the year ended July 2, 2023, and June 26, 2022:

						Net Sales(1)
						Second Quarter																		Year-to-date
						2023									2022									2023									2022
						$M			Percent						$M			Percent						$M			Percent						$M			Percent
			United States			$	67.8		61.5		%				$	61.7		56.3		%				$	125.5		59.3		%				$	117.0		56.7		%
			U.K.			5.2			4.7		%				6.0			5.5		%				10.8			5.1		%				11.4			5.5		%
			Japan			6.3			5.7		%				4.1			3.7		%				10.8			5.1		%				7.5			3.6		%
			Germany			3.8			3.4		%				6.4			5.8		%				10.1			4.8		%				10.9			5.3		%
			Italy			2.1			1.9		%				2.4			2.2		%				5.4			2.6		%				5.9			2.9		%
			Top five countries			85.2			77.2		%				80.6			73.6		%				162.6			76.9		%				152.7			74.0		%
			Rest of Europe			9.6			8.7		%				8.8			8.0		%				19.3			9.0		%				17.8			8.6		%
			Asia Pacific			8.3			7.5		%				12.2			11.1		%				17.3			8.2		%				21.1			10.2		%
			Other (2)			7.3			6.6		%				7.9			7.2		%				12.5			5.9		%				14.9			7.2		%
						$	110.4								$	109.5								$	211.7								$	206.5

(1) Net sales are based on the geographic destination of sale.

(2) Other includes Canada, South America, Latin America and Africa.

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