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Segmental Information (Tables)

9 Months Ended

Sep. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment in the third quarter and first nine months of 2025 and 2024 were as follows:

						Third Quarter 2025
			In millions			Gas Cylinders						Elektron						Graphic Arts						Total
			Net sales			$	42.9					$	50.0					$	—					$	92.9
			Manufacturing fixed costs			(7.5)						(8.8)						—						(16.3)
			Other cost of sales(1)			(28.5)						(26.4)						—						(54.9)
			Other segment items(2)			(4.1)						(6.4)						—						(10.5)
			Segment adjusted EBITA			$	2.8					$	8.4					$	—					$	11.2
			Amortization																					(0.2)
			Share-based compensation charges																					(1.0)
			Restructuring charges																					(3.5)
			Disposal costs																					(1.1)
			Defined benefit pension credit																					0.6
			Interest expense, net																					(0.7)
			Income before tax from continuing operations																					$	5.3

						Third Quarter 2024
			In millions			Gas Cylinders						Elektron						Graphic Arts						Total
			Net sales			$	42.6					$	48.8					$	8.0					$	99.4
			Manufacturing fixed costs			(7.3)						(7.2)						(1.9)						(16.4)
			Other cost of sales(1)			(28.5)						(27.7)						(4.4)						(60.6)
			Other segment items(2)			(3.1)						(4.6)						(1.8)						(9.5)
			Segment adjusted EBITA			$	3.7					$	9.3					$	(0.1)					$	12.9
			Amortization																					(0.2)
			Share-based compensation charges																					(0.7)
			Restructuring charges																					(0.5)
			Loss on disposal of property, plant and equipment																					(0.1)
			Gain on disposal of held for sale assets																					6.1
			Disposal costs																					(0.1)
			Defined benefit pension credit																					0.3
			Interest expense, net																					(1.4)
			Income before tax from continuing operations																					$	16.3

In the third quarter of 2025 there were no sales made between our segments (2024: $0.1 million sales between our Elektron segment and Graphic Arts segment).

15.    Segmental Information (continued)

						Year-to-date 2025
			In millions			Gas Cylinders						Elektron						Graphic Arts						Total
			Net sales			$	131.0					$	149.5					$	13.4					$	293.9
			Manufacturing fixed costs			(22.6)						(24.3)						(4.0)						(50.9)
			Other cost of sales(1)			(87.8)						(80.6)						(7.5)						(175.9)
			Other segment items(2)			(12.0)						(21.2)						(3.0)						(36.2)
			Segment adjusted EBITA			$	8.6					$	23.4					$	(1.1)					$	30.9
			Amortization																					(0.6)
			Share-based compensation charges																					(2.8)
			Restructuring charges																					(5.6)
			Disposal costs																					(1.2)
			Defined benefit pension credit																					1.8
			Interest expense, net																					(2.4)
			Income before tax from continuing operations																					$	20.1

						Year-to-date 2024
			In millions			Gas Cylinders						Elektron						Graphic Arts						Total
			Net sales			$	137.8					$	128.5					$	22.2					$	288.5
			Manufacturing fixed costs			(22.3)						(21.3)						(5.8)						(49.4)
			Other cost of sales(1)			(92.7)						(70.3)						(13.3)						(176.3)
			Other segment items(2)			(11.8)						(11.6)						(4.8)						(28.2)
			Segment adjusted EBITA			$	11.0					$	25.3					$	(1.7)					$	34.6
			Amortization																					(0.6)
			Share-based compensation charges																					(2.1)
			Restructuring charges																					(2.3)
			Loss on disposal of property, plant and equipment																					(0.1)
			Gain on disposal of held for sale assets																					6.1
			Disposal costs																					(9.5)
			Defined benefit pension credit																					0.8
			Interest expense, net																					(4.1)
			Income before tax from continuing operations																					$	22.8

During the first nine months of 2025 there were $0.1 million sales made between our Elektron segment and Graphic Arts segment (2024: $0.4 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.

						Depreciation and amortization																								Restructuring charges
						Third Quarter												Year-to-date												Third Quarter												Year-to-date
			In millions			2025						2024						2025						2024						2025						2024						2025						2024
			Gas Cylinders segment			$	0.9					$	0.9					$	2.6					$	2.6					$	0.9					$	0.5					$	3.0					$	2.1
			Elektron segment			1.7						1.7						4.9						4.9						2.6						—						2.6						0.2
			Graphic Arts segment			—						—						—						—						—						—						—						—
			Consolidated			$	2.6					$	2.6					$	7.5					$	7.5					$	3.5					$	0.5					$	5.6					$	2.3

15.    Segmental Information (continued)

						Total assets												Capital expenditures
						September 28,						December 31,						Third Quarter												Year-to-date
			In millions			2025						2024						2025						2024						2025						2024
			Gas Cylinders segment			$	128.7					$	122.5					$	0.5					$	1.1					$	1.3					$	3.2
			Elektron segment			172.8						173.1						1.2						1.8						3.3						3.9
			Graphic Arts segment			—						14.8						—						0.1						0.1						0.2
			Total reportable segments			$	301.5					$	310.4					$	1.7					$	3.0					$	4.7					$	7.3
			Other			69.1						64.3						—						—						—						—
			Discontinued operations			6.8						7.7						—						—						0.2						—
			Consolidated			$	377.4					$	382.4					$	1.7					$	3.0					$	4.9					$	7.3

Property, Plant and Equipment, Net by Geographic Region

						Property, plant and equipment, net
						September 28,						December 31,
			In millions			2025						2024
			U.S.			$	22.4					$	26.7
			United Kingdom			33.5						33.0
			Canada			2.6						2.8
			Asia Pacific			0.3						0.3
						$	58.8					$	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 nine months and Third Quarter ended September 28, 2025, and September 29, 2024:

						Net Sales(1)
						Third Quarter																		Year-to-date
						2025									2024									2025									2024
						$M			Percent						$M			Percent						$M			Percent						$M			Percent
			United States			$	63.4		68.3		%				$	57.7		58.1		%				$	189.2		64.4		%				$	168.2		58.3		%
			United Kingdom			6.0			6.5		%				7.4			7.4		%				18.0			6.1		%				18.0			6.2		%
			Japan			4.3			4.6		%				5.7			5.7		%				14.9			5.1		%				14.7			5.1		%
			Germany			5.8			6.2		%				5.8			5.8		%				17.0			5.8		%				18.4			6.4		%
			Canada			1.4			1.5		%				2.8			2.8		%				7.2			2.4		%				9.3			3.2		%
			Top five countries			$	80.9		87.1		%				$	79.4		79.8		%				$	246.3		83.8		%				$	228.6		79.2		%
			Rest of Europe			7.0			7.5		%				12.1			12.3		%				26.6			9.1		%				36.5			12.7		%
			Asia Pacific			4.1			4.4		%				5.8			5.8		%				16.3			5.5		%				16.1			5.6		%
			Other (2)			0.9			1.0		%				2.1			2.1		%				4.7			1.6		%				7.3			2.5		%
						$	92.9								$	99.4								$	293.9								$	288.5

(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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