XML 33 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 405.0 $ 423.4 $ 374.1
Cost of sales (328.4) (328.4) (278.1)
Gross profit 76.6 95.0 96.0
Selling, general and administrative expenses (48.7) (43.1) (47.3)
Research and development (4.6) (4.9) (3.9)
Restructuring charges (6.4) (1.9) (6.2)
Impairment charges (12.7) 0.0 0.0
Acquisitions and disposals costs 0.0 (0.3) (1.5)
Other income 0.0 0.0 0.2
Other charges 0.0 0.0 (1.1)
Operating income 4.2 44.8 36.2
Net interest expense (6.3) (3.9) (3.1)
Defined benefit pension (charge) / credit (7.6) 0.1 2.3
(Loss) / income before income taxes (9.7) 41.0 35.4
Credit / (provision) for income taxes 7.1 (9.0) (5.4)
Net (loss) / income from continuing operations (2.6) 32.0 30.0
Net gain on disposition of discontinued operations 0.0 0.0 6.6
Income / (loss) from discontinued operations, net of tax 0.7 (5.1) (6.7)
Net (loss) / income $ (1.9) $ 26.9 $ 29.9
(Loss)/earnings per share      
Basic earnings / (loss) from continuing operations (in usd per share) [1] $ (0.10) $ 1.17 $ 1.08
Basic from discontinued operations (in usd per share) [1] 0.03 (0.19) 0
Basic (loss) / earnings per ordinary share (in usd per share) [1] (0.07) 0.99 1.08
Diluted from continuing operations (in usd per share) [1] (0.10) 1.16 1.07
Diluted from discontinued operations (in usd per share) [1] 0.03 (0.19) 0
Diluted (loss) / earnings per ordinary share (in usd per share) [1] $ (0.07) $ 0.98 $ 1.07
Weighted average ordinary shares outstanding      
Basic (in shares) 26,897,556 27,304,847 27,698,691
Diluted (in shares) 27,020,959 27,541,202 28,032,506
[1] The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular year may not equal the earnings-per-share amount in total.