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v3.23.3

Segmental Information (Tables) | 9 Months Ended
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Oct. 01, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the third quarter and first nine months ended October 1, 2023, and September 25, 2022, is included in the following summary:
|  | Net sales |  | Adjusted EBITDA |
|  | Third Quarter |  | Year-to-date |  | Third Quarter |  | Year-to-date |
| In millions | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
| Gas Cylinders segment | $ | 44.7 |  |  | $ | 43.4 |  |  | $ | 134.7 |  |  | $ | 131.9 |  |  | $ | 2.8 |  |  | $ | 3.4 |  |  | $ | 10.2 |  |  | $ | 9.8 |  |
| Elektron segment | 52.7 |  |  | 56.8 |  |  | 174.4 |  |  | 174.8 |  |  | 3.2 |  |  | 12.7 |  |  | 21.5 |  |  | 39.3 |  |
| Consolidated | $ | 97.4 |  |  | $ | 100.2 |  |  | $ | 309.1 |  |  | $ | 306.7 |  |  | $ | 6.0 |  |  | $ | 16.1 |  |  | $ | 31.7 |  |  | $ | 49.1 |  |
|  | Depreciation and amortization |  | Restructuring charges |
|  | Third Quarter |  | Year-to-date |  | Third Quarter |  | Year-to-date |
| In millions | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
| Gas Cylinders segment | $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 3.2 |  |  | $ | 3.8 |  |  | $ | 1.4 |  |  | $ | 0.3 |  |  | $ | 4.1 |  |  | $ | 1.8 |  |
| Elektron segment | 2.1 |  |  | 2.1 |  |  | 6.6 |  |  | 6.6 |  |  | 0.2 |  |  | — |  |  | 0.3 |  |  | 0.2 |  |
| Consolidated | $ | 3.2 |  |  | $ | 3.3 |  |  | $ | 9.8 |  |  | $ | 10.4 |  |  | $ | 1.6 |  |  | $ | 0.3 |  |  | $ | 4.4 |  |  | $ | 2.0 |  |
13. Segmental Information (continued)
|  | Total assets |  |  | Capital expenditures |
|  | October 1, |  | December 31, |  |  |  | Third Quarter |  | Year-to-date |
| In millions | 2023 |  | 2022 |  |  |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
| Gas Cylinders segment | $ | 135.3 |  |  | $ | 133.1 |  |  |  |  | $ | 0.8 |  |  | $ | 0.4 |  |  | $ | 1.4 |  |  | $ | 0.8 |  |
| Elektron segment | 208.6 |  |  | 216.4 |  |  |  |  | 1.7 |  |  | 2.1 |  |  | 6.1 |  |  | 4.7 |  |
| Other | 41.1 |  |  | 49.5 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Discontinued operations | 7.9 |  |  | 8.1 |  |  |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |
| Consolidated | $ | 392.9 |  |  | $ | 407.1 |  |  |  |  | $ | 2.5 |  |  | $ | 2.5 |  |  | $ | 7.6 |  |  | $ | 5.5 |  |
Property, Plant and Equipment, Net by Geographic Region |
|  | Property, plant and equipment, net |
|  | October 1, |  | December 31, |  |  |
| In millions | 2023 |  | 2022 |  |  |
| U.S. | $ | 37.7 |  |  | $ | 41.6 |  |  |  |
| United Kingdom | 32.9 |  |  | 32.0 |  |  |  |
| Canada | 2.7 |  |  | 2.8 |  |  |  |
| Rest of Europe | 1.0 |  |  | 1.0 |  |  |  |
| Asia Pacific | 0.3 |  |  | 0.3 |  |  |  |
|  | $ | 74.6 |  |  | $ | 77.7 |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income before income taxes, from continuing operations:
|  | Third Quarter |  | Year-to-date |
| In millions | 2023 |  | 2022 |  | 2023 |  | 2022 |
| Adjusted EBITDA | $ | 6.0 |  |  | $ | 16.1 |  |  | $ | 31.7 |  |  | $ | 49.1 |  |
| Other share-based compensation charges | (0.7) |  |  | (0.9) |  |  | (2.0) |  |  | (1.8) |  |
| Depreciation and amortization | (3.2) |  |  | (3.3) |  |  | (9.8) |  |  | (10.4) |  |
| Gain on disposal of property, plant and equipment | — |  |  | — |  |  | — |  |  | 0.2 |  |
| Restructuring charges | (1.6) |  |  | (0.3) |  |  | (4.4) |  |  | (2.0) |  |
| Acquisition and disposal related costs | — |  |  | — |  |  | — |  |  | (0.3) |  |
| Defined benefits pension credit / (charge) | 0.3 |  |  | 0.2 |  |  | (8.0) |  |  | 0.9 |  |
| Interest expense, net | (1.6) |  |  | (1.0) |  |  | (4.7) |  |  | (2.7) |  |
| Net (loss) / income before income taxes from continuing operations | $ | (0.8) |  |  | $ | 10.8 |  |  | $ | 2.8 |  |  | $ | 33.0 |  |
Revenue from External Customers and Long-term Assets by Geographic Areas | The following tables present certain geographic information by geographic region for the third quarter ended October 1, 2023, and September 25, 2022:
|  | Net Sales(1) |
|  | Third Quarter |  | Year-to-date |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 59.0 |  | 60.7 | % |  | $ | 57.0 |  | 56.9 | % |  | $ | 184.5 |  | 59.7 | % |  | $ | 174.0 |  | 56.7 | % |
| Japan | 5.1 |  | 5.2 | % |  | 5.1 |  | 5.1 | % |  | 15.9 |  | 5.1 | % |  | 12.6 |  | 4.1 | % |
| United Kingdom | 4.3 |  | 4.4 | % |  | 4.6 |  | 4.6 | % |  | 15.1 |  | 4.9 | % |  | 16.0 |  | 5.2 | % |
| Germany | 4.7 |  | 4.8 | % |  | 4.4 |  | 4.4 | % |  | 14.8 |  | 4.8 | % |  | 15.3 |  | 5.0 | % |
| Canada | 3.3 |  | 3.4 | % |  | 2.5 |  | 2.5 | % |  | 8.5 |  | 2.7 | % |  | 8.5 |  | 2.8 | % |
| Top five countries | 76.4 |  | 78.5 | % |  | 73.6 |  | 73.5 | % |  | 238.8 |  | 77.2 | % |  | 226.4 |  | 73.8 | % |
| Rest of Europe | 10.8 |  | 11.1 | % |  | 11.0 |  | 11.0 | % |  | 35.5 |  | 11.5 | % |  | 34.2 |  | 11.2 | % |
| Asia Pacific | 4.9 |  | 5.0 | % |  | 13.2 |  | 13.1 | % |  | 22.2 |  | 7.2 | % |  | 38.1 |  | 12.4 | % |
| Other (2) | 5.3 |  | 5.4 | % |  | 2.4 |  | 2.4 | % |  | 12.6 |  | 4.1 | % |  | 8.0 |  | 2.6 | % |
|  | $ | 97.4 |  |  |  | $ | 100.2 |  |  |  | $ | 309.1 |  |  |  | $ | 306.7 |  |  |
(1) Net sales are based on the geographic destination of sale. (2) Other includes South America, Latin America and Africa.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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