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v3.25.1

Segmental Information (Tables) | 3 Months Ended
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Mar. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the Quarters ended March 30, 2025, and March 31, 2024, is included in the following summary:
|  | First Quarter 2025 |
| In millions | Gas Cylinders |  | Elektron |  | Graphic Arts |  | Total |
| Net sales | $ | 41.1 |  |  | $ | 49.4 |  |  | $ | 6.5 |  |  | $ | 97.0 |  |
| Manufacturing fixed costs | (7.5) |  |  | (7.2) |  |  | (1.9) |  |  | (16.6) |  |
| Other cost of sales(1) | (28.0) |  |  | (27.5) |  |  | (3.5) |  |  | (59.0) |  |
| Other segment items(2) | (3.8) |  |  | (7.4) |  |  | (1.4) |  |  | (12.6) |  |
| Segment adjusted EBITA | $ | 1.8 |  |  | $ | 7.3 |  |  | $ | (0.3) |  |  | 8.8 |
| Amortization |  |  |  |  |  |  | (0.2) |  |
| Share-based compensation charges |  |  |  |  |  |  | (0.9) |  |
| Restructuring charges |  |  |  |  |  |  | (0.1) |  |
| Defined benefit pension credit |  |  |  |  |  |  | 0.6 |  |
| Interest expense, net |  |  |  |  |  |  | (0.8) |  |
| Income before tax from continuing operations |  |  |  |  |  |  | $ | 7.4 |  |
|  | First Quarter 2024 |
| In millions | Gas Cylinders |  | Elektron |  | Graphic Arts |  | Total |
| Net sales | $ | 45.4 |  |  | $ | 37.7 |  |  | $ | 6.3 |  |  | $ | 89.4 |  |
| Manufacturing fixed costs | (7.6) |  |  | (6.8) |  |  | (2.1) |  |  | (16.5) |  |
| Other cost of sales(1) | (30.1) |  |  | (20.1) |  |  | (4.3) |  |  | (54.5) |  |
| Other segment items(2) | (4.4) |  |  | (5.8) |  |  | (1.6) |  |  | (11.8) |  |
| Segment adjusted EBITA | $ | 3.3 |  |  | $ | 5.0 |  |  | $ | (1.7) |  |  | 6.6 |
| Amortization |  |  |  |  |  |  | (0.2) |  |
| Share-based compensation charges |  |  |  |  |  |  | (0.6) |  |
| Restructuring charges |  |  |  |  |  |  | (0.7) |  |
| Acquisition and disposal costs |  |  |  |  |  |  | (0.2) |  |
| Defined benefit pension credit |  |  |  |  |  |  | 0.3 |  |
| Interest expense, net |  |  |  |  |  |  | (1.4) |  |
| Income before tax from continuing operations |  |  |  |  |  |  | $ | 3.8 |  |
During the first three months of 2025 there were $0.1 million sales made between our Elektron segment and Graphic Arts segment (2024: $0.3 million) (1) Other cost of sales includes material costs and variable costs. (2) Other segment items primarily consists of sales, marketing, research and development, general and admin costs. 15. Segmental Information (continued)
|  | Depreciation and amortization |  | Restructuring charges |
|  | First Quarter |  |  |  | First Quarter |  |  |
| In millions | 2025 |  | 2024 |  |  |  |  |  | 2025 |  | 2024 |  |  |  |  |
| Gas Cylinders segment | $ | 0.8 |  |  | $ | 0.8 |  |  |  |  |  |  | $ | 0.1 |  |  | $ | 0.5 |  |  |  |  |  |
| Elektron segment | 1.6 |  |  | 1.6 |  |  |  |  |  |  | — |  |  | 0.2 |  |  |  |  |  |
| Graphic Arts segment | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  |  |  |  |
| Consolidated | $ | 2.4 |  |  | $ | 2.4 |  |  |  |  |  |  | $ | 0.1 |  |  | $ | 0.7 |  |  |  |  |  |
|  | Total assets |  |  | Capital expenditures |
|  | March 30, |  | December 31, |  |  |  | First Quarter |  |  |
| In millions | 2025 |  | 2024 |  |  |  | 2025 |  | 2024 |  |  |  |  |
| Gas Cylinders segment | $ | 126.2 |  |  | $ | 122.5 |  |  |  |  | $ | 0.3 |  |  | $ | 0.8 |  |  |  |  |  |
| Elektron segment | 170.3 |  |  | 173.1 |  |  |  |  | 1.0 |  |  | 0.7 |  |  |  |  |  |
| Graphic Arts segment | 16.0 |  |  | 14.8 |  |  |  |  | 0.1 |  |  | — |  |  |  |  |  |
| Total reportable segments | 312.5 |  |  | 310.4 |  |  |  |  | 1.4 |  |  | 1.5 |  |  |  |  |  |
| Other | 64.4 |  |  | 64.3 |  |  |  |  | — |  |  | — |  |  |  |  |  |
| Discontinued operations | 8.3 |  |  | 7.7 |  |  |  |  | — |  |  | — |  |  |  |  |  |
| Consolidated | $ | 385.2 |  |  | $ | 382.4 |  |  |  |  | $ | 1.4 |  |  | $ | 1.5 |  |  |  |  |  |
Property, Plant and Equipment, Net by Geographic Region |
|  | Property, plant and equipment, net |
|  | March 30, |  | December 31, |  |  |
| In millions | 2025 |  | 2024 |  |  |
| U.S. | $ | 26.2 |  |  | $ | 26.7 |  |  |  |
| United Kingdom | 33.7 |  |  | 33.0 |  |  |  |
| Canada | 2.7 |  |  | 2.8 |  |  |  |
| Asia Pacific | 0.3 |  |  | 0.3 |  |  |  |
|  | $ | 62.9 |  |  | $ | 62.8 |  |  |  |
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 30, 2025, and March 31, 2024:
|  | Net Sales(1) |
|  | First Quarter |  |  |
|  | 2025 |  | 2024 |  |  |  |  |
|  | $M | Percent |  | $M | Percent |  |  |  |  |  |  |
| United States | $ | 61.8 |  | 63.7 | % |  | $ | 53.2 |  | 59.6 | % |  |  |  |  |  |  |
| Germany | 5.9 |  | 6.1 | % |  | 5.4 |  | 6.0 | % |  |  |  |  |  |  |
| U.K. | 5.7 |  | 5.9 | % |  | 4.3 |  | 4.8 | % |  |  |  |  |  |  |
| Canada | 3.0 |  | 3.1 | % |  | 4.0 |  | 4.5 | % |  |  |  |  |  |  |
| Japan | 5.2 |  | 5.4 | % |  | 3.7 |  | 4.1 | % |  |  |  |  |  |  |
| Top five countries | $ | 81.6 |  | 84.2 | % |  | $ | 70.6 |  | 79.0 | % |  |  |  |  |  |  |
| Rest of Europe | 9.9 |  | 10.2 | % |  | 12.1 |  | 13.5 | % |  |  |  |  |  |  |
| Asia Pacific | 3.9 |  | 4.0 | % |  | 3.6 |  | 4.0 | % |  |  |  |  |  |  |
| Other (2) | 1.6 |  | 1.6 | % |  | 3.1 |  | 3.5 | % |  |  |  |  |  |  |
|  | $ | 97.0 |  |  |  | $ | 89.4 |  |  |  |  |  |  |  |  |
(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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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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