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Segmental Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment for the Second Quarter and first half ended June 30, 2024, and July 2, 2023, is included in the following summary:

						Net sales																								Adjusted EBITDA
						Second Quarter												Year-to-date												Second Quarter												Year-to-date
			In millions			2024						2023						2024						2023						2024						2023						2024						2023
			Gas Cylinders segment			$	49.8					$	48.5					$	95.2					$	90.0					$	4.9					$	4.9					$	9.0					$	7.4
			Elektron segment			42.0						53.0						79.7						105.4						12.4						9.5						18.8						19.0
			Graphic Arts segment			7.9						8.9						14.2						16.3						0.1						—						(1.6)						(0.7)
			Consolidated			$	99.7					$	110.4					$	189.1					$	211.7					$	17.4					$	14.4					$	26.2					$	25.7

(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
						Second Quarter												Year-to-date												Second Quarter												Year-to-date
			In millions			2024						2023						2024						2023						2024						2023						2024						2023
			Gas Cylinders segment			$	0.9					$	1.0					$	1.7					$	2.1					$	1.1					$	2.5					$	1.6					$	2.8
			Elektron segment			1.6						1.8						3.2						3.5						—						—						0.2						—
			Graphic Arts segment			—						0.5						—						1.0						—						—						—						—
			Consolidated			$	2.5					$	3.3					$	4.9					$	6.6					$	1.1					$	2.5					$	1.8					$	2.8

						Total assets												Capital expenditures
						June 30,						December 31,						Second Quarter												Year-to-date
			In millions			2024						2023						2024						2023						2024						2023
			Gas Cylinders segment			$	136.7					$	131.0					$	1.3					$	0.3					$	2.1					$	0.6
			Elektron segment			167.7						162.4						1.4						2.3						2.1						3.9
			Graphic Arts segment			14.7						19.6						0.1						0.4						0.1						0.5
			Other			53.2						51.3						—						—						—						—
			Discontinued operations			7.5						7.8						—						0.2						—						0.1
			Consolidated			$	379.8					$	372.1					$	2.8					$	3.2					$	4.3					$	5.1

Property, Plant and Equipment, Net by Geographic Region

						Property, plant and equipment, net
						June 30,						December 31,
			In millions			2024						2023
			U.S.			$	26.8					$	26.8
			United Kingdom			32.0						32.8
			Canada			3.0						2.9
			Rest of Europe			1.0						1.0
			Asia Pacific			0.3						0.3
						$	63.1					$	63.8

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:

						Second Quarter												Year-to-date
			In millions			2024						2023						2024						2023
			Adjusted EBITDA			$	17.4					$	14.4					$	26.2					$	25.7
			Other share-based compensation charges			(0.8)						(0.7)						(1.4)						(1.3)
			Depreciation and amortization			(2.5)						(3.3)						(4.9)						(6.6)
			Restructuring charges			(1.1)						(2.5)						(1.8)						(2.8)
			Acquisition and disposal related costs			(9.2)						—						(9.4)						—
			Defined benefits pension credit / (charge)			0.2						0.6						0.5						(8.3)
			Interest expense, net			(1.3)						(1.8)						(2.7)						(3.1)
			Net income before income taxes from continuing operations			$	2.7					$	6.7					$	6.5					$	3.6

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 ended June 30, 2024, and July 2, 2023:

						Net Sales(1)
						Second Quarter																		Year-to-date
						2024									2023									2024									2023
						$M			Percent						$M			Percent						$M			Percent						$M			Percent
			United States			$	57.3		57.6		%				$	67.8		61.5		%				$	110.5		58.4		%				$	125.5		59.3		%
			Germany			7.2			7.2		%				3.8			3.4		%				12.6			6.7		%				10.1			4.8		%
			United Kingdom			6.3			6.3		%				5.2			4.7		%				10.6			5.6		%				10.8			5.1		%
			Japan			5.0			5.0		%				6.3			5.7		%				9.0			4.8		%				10.8			5.1		%
			Canada			2.8			2.8		%				3.4			3.1		%				6.5			3.4		%				5.2			2.5		%
			Top five countries			78.6			78.9		%				86.5			78.4		%				149.2			78.9		%				162.4			76.7		%
			Rest of Europe			12.3			12.3		%				11.7			10.6		%				24.4			13.0		%				24.7			11.7		%
			Asia Pacific			6.7			6.7		%				8.3			7.5		%				10.3			5.4		%				17.3			8.2		%
			Other (2)			2.1			2.1		%				3.9			3.5		%				5.2			2.7		%				7.3			3.4		%
						$	99.7								$	110.4								$	189.1								$	211.7

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

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

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