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Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three and six months ended June 30, 2025:

		Three Months Ended June 30, 2025																Six Months Ended June 30, 2025
		Americas				EURAF				MEAP				Total				Americas				EURAF				MEAP				Total
Revenues from external customers		$	323.2			$	152.5			$	63.8			$	539.5			$	582.5			$	298.1			$	129.8			$	1,010.4
Less: (a)
Cost of sales			262.9				130.0				47.6				440.5				471.2				254.1				96.3				821.6
Engineering, selling, and administration costs			33.3				36.4				6.4				76.1				65.7				68.6				12.3				146.6
Other segment items (b)			0.9				0.7				—				1.6				1.8				1.3				—				3.1
Segment operating income (loss)			26.1				(14.6	)			9.8				21.3				43.8				(25.9	)			21.2				39.1
Reconciliation of segment operating income (loss)
Interest expense															(9.2	)															(17.9	)
Amortization of deferred financing fees															(0.3	)															(0.7	)
Other income (expense) - net															1.0																(4.0	)
Unallocated amounts:
Other corporate expenses															(11.5	)															(24.0	)
Income (loss) before income taxes														$	1.3															$	(7.5	)
Other Segment Disclosures
Depreciation and amortization (c)			8.4				5.5				0.7				14.6				17.2				10.9				1.4				29.5
Capital expenditures			3.6				1.8				0.5				5.9				9.4				5.4				1.5				16.3

(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(b)Other segment items for each reportable segment includes:

Americas — amortization expense and restructuring expense.

EURAF — restructuring expense.

(c)The amount of depreciation and amortization disclosed by reportable segment are included within cost of sales or engineering, selling, and administration costs, as applicable.

The following table shows information by reportable segment for the three and six months ended June 30, 2024:

		Three Months Ended June 30, 2024																Six Months Ended June 30, 2024
		Americas				EURAF				MEAP				Total				Americas				EURAF				MEAP				Total
Revenues from external customers		$	296.7			$	176.2			$	89.2			$	562.1			$	579.9			$	319.2			$	158.1			$	1,057.2
Less: (a)
Cost of sales			237.0				151.1				74.3				462.4				459.8				275.7				129.5				865.0
Engineering, selling, and administration costs			35.1				30.0				5.4				70.5				65.0				60.1				10.7				135.8
Other segment items (b)			0.7				1.9				0.2				2.8				1.7				2.0				0.4				4.1
Segment operating income (loss)			23.9				(6.8	)			9.3				26.4				53.4				(18.6	)			17.5				52.3
Reconciliation of segment operating income (loss)
Interest expense															(9.6	)															(18.8	)
Amortization of deferred financing fees															(0.4	)															(0.7	)
Other income (expense) - net															0.3																1.0
Unallocated amounts:
Other corporate expenses															(13.5	)															(24.2	)
Income before income taxes														$	3.2															$	9.6
Other Segment Disclosures
Depreciation and amortization (c)			8.0				5.9				0.7				14.6				15.9				11.8				1.5				29.2
Capital expenditures			6.8				5.0				1.1				12.9				11.0				12.2				1.9				25.1

(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(b)Other segment items for each reportable segment includes:

Americas — amortization expense and restructuring expense.

EURAF — restructuring expense.

MEAP — restructuring expense.

(c)The amount of depreciation and amortization disclosed by reportable segment are included within cost of sales or engineering, selling, and administration costs, as applicable.

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and six months ended June 30, 2025 and 2024 are summarized as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
United States		$	286.2			$	258.1			$	527.4			$	507.3
Europe			147.6				171.9				289.1				310.1
Other			105.7				132.1				193.9				239.8
Total net sales		$	539.5			$	562.1			$	1,010.4			$	1,057.2

Schedule of Net Sales By Product

New machine and non-new machine sales for the three and six months ended June 30, 2025 and 2024 are summarized as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
New machine sales		$	377.9			$	414.8			$	688.2			$	764.7
Non-new machine sales			161.6				147.3				322.2				292.5
Total net sales		$	539.5			$	562.1			$	1,010.4			$	1,057.2

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
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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.

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