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Segmental Information (Tables)

9 Months Ended

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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