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Segmental Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the Quarters ended March 31, 2024, and April 2, 2023, is included in the following summary:
|  | Net sales |  | Adjusted EBITDA |
|  | First Quarter |  |  |  | First Quarter |  |  |
| In millions | 2024 |  | 2023 |  |  |  |  |  | 2024 |  | 2023 |  |  |  |  |
| Gas Cylinders segment | $ | 45.4 |  |  | $ | 41.5 |  |  |  |  |  |  | $ | 4.1 |  |  | $ | 2.5 |  |  |  |  |  |
| Elektron segment | 37.7 |  |  | 52.4 |  |  |  |  |  |  | 6.4 |  |  | 9.5 |  |  |  |  |  |
| Graphic Arts segment | 6.3 |  |  | 7.4 |  |  |  |  |  |  | (1.7) |  |  | (0.7) |  |  |  |  |  |
| Consolidated | $ | 89.4 |  |  | $ | 101.3 |  |  |  |  |  |  | $ | 8.8 |  |  | $ | 11.3 |  |  |  |  |  |
(1) Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment. 15. Segmental Information (continued)
|  | Depreciation and amortization |  | Restructuring charges |
|  | First Quarter |  |  |  | First Quarter |  |  |
| In millions | 2024 |  | 2023 |  |  |  |  |  | 2024 |  | 2023 |  |  |  |  |
| Gas Cylinders segment | $ | 0.8 |  |  | $ | 1.1 |  |  |  |  |  |  | $ | 0.5 |  |  | $ | 0.3 |  |  |  |  |  |
| Elektron segment | 1.6 |  |  | 1.7 |  |  |  |  |  |  | 0.2 |  |  | — |  |  |  |  |  |
| Graphic Arts segment | — |  |  | 0.5 |  |  |  |  |  |  | — |  |  | — |  |  |  |  |  |
| Consolidated | $ | 2.4 |  |  | $ | 3.3 |  |  |  |  |  |  | $ | 0.7 |  |  | $ | 0.3 |  |  |  |  |  |
|  | Total assets |  |  | Capital expenditures |
|  | March 31, |  | December 31, |  |  |  | First Quarter |  |  |
| In millions | 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |  |  |  |  |
| Gas Cylinders segment | $ | 137.8 |  |  | $ | 131.0 |  |  |  |  | $ | 0.8 |  |  | $ | 0.3 |  |  |  |  |  |
| Elektron segment | 167.3 |  |  | 162.4 |  |  |  |  | 0.7 |  |  | 1.6 |  |  |  |  |  |
| Graphic Arts segment | 19.0 |  |  | 19.6 |  |  |  |  | — |  |  | 0.1 |  |  |  |  |  |
| Other | 54.3 |  |  | 51.3 |  |  |  |  | — |  |  | — |  |  |  |  |  |
| Discontinued operations | 7.6 |  |  | 7.8 |  |  |  |  | — |  |  | (0.1) |  |  |  |  |  |
| Consolidated | $ | 386.0 |  |  | $ | 372.1 |  |  |  |  | $ | 1.5 |  |  | $ | 1.9 |  |  |  |  |  |
Property, Plant and Equipment, Net by Geographic Region |
|  | Property, plant and equipment, net |
|  | First Quarter |  | December 31, |  |  |
| In millions | 2024 |  | 2023 |  |  |
| U.S. | $ | 26.3 |  |  | $ | 26.8 |  |  |  |
| United Kingdom | 32.1 |  |  | 32.8 |  |  |  |
| Canada | 3.0 |  |  | 2.9 |  |  |  |
| Rest of Europe | 1.0 |  |  | 1.0 |  |  |  |
| Asia Pacific | 0.3 |  |  | 0.3 |  |  |  |
|  | $ | 62.7 |  |  | $ | 63.8 |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:
|  | First Quarter |  |  |
| In millions | 2024 |  | 2023 |  |  |  |  |
| Adjusted EBITDA | $ | 8.8 |  |  | $ | 11.3 |  |  |  |  |  |
| Other share-based compensation charges | (0.6) |  |  | (0.6) |  |  |  |  |  |
| Depreciation and amortization | (2.4) |  |  | (3.3) |  |  |  |  |  |
| Restructuring charges | (0.7) |  |  | (0.3) |  |  |  |  |  |
| Acquisition and disposal related costs | (0.2) |  |  | — |  |  |  |  |  |
| Defined benefits pension credit / (charge) | 0.3 |  |  | (8.9) |  |  |  |  |  |
| Interest expense, net | (1.4) |  |  | (1.3) |  |  |  |  |  |
| Net income / (loss) before income taxes from continuing operations | $ | 3.8 |  |  | $ | (3.1) |  |  |  |  |  |
Revenue from External Customers and Long-term Assets by Geographic Areas | The following tables present certain geographic information by geographic region for the First Quarter ended March 31, 2024, and April 2, 2023:
|  | Net Sales(1) |
|  | First Quarter |  |  |
|  | 2024 |  | 2023 |  |  |  |  |
|  | $M | Percent |  | $M | Percent |  |  |  |  |  |  |
| United States | $ | 53.2 |  | 59.6 | % |  | $ | 57.7 |  | 57.0 | % |  |  |  |  |  |  |
| Germany | 5.4 |  | 6.0 | % |  | 6.3 |  | 6.2 | % |  |  |  |  |  |  |
| U.K. | 4.3 |  | 4.8 | % |  | 5.6 |  | 5.5 | % |  |  |  |  |  |  |
| Canada | 4.0 |  | 4.5 | % |  | 1.8 |  | 1.8 | % |  |  |  |  |  |  |
| Japan | 3.7 |  | 4.1 | % |  | 4.5 |  | 4.4 | % |  |  |  |  |  |  |
| Top five countries | $ | 70.6 |  | 79.0 | % |  | $ | 75.9 |  | 74.9 | % |  |  |  |  |  |  |
| Rest of Europe | 12.1 |  | 13.5 | % |  | 13.0 |  | 12.8 | % |  |  |  |  |  |  |
| Asia Pacific | 3.6 |  | 4.0 | % |  | 9.1 |  | 9.0 | % |  |  |  |  |  |  |
| Other (2) | 3.1 |  | 3.5 | % |  | 3.3 |  | 3.3 | % |  |  |  |  |  |  |
|  | $ | 89.4 |  |  |  | $ | 101.3 |  |  |  |  |  |  |  |  |
(1) Net sales are based on the geographic destination of sale. (2) Other includes South America, Latin America the Middle East and Africa.

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