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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Summary of Segment Information | The following tables provide segment information for the three and nine months ended September 30, 2025 and 2024, except for as noted otherwise:
| United States Print and Related Services |  | International |  | Corporate |  | Total
Three Months Ended September 30, 2025 |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |
Products | $ | 415.9 |  |  | $ | 43.2 |  |  | $ | — |  |  | $ | 459.1 |
Services | 128.9 |  |  | — |  |  | — |  |  | 128.9 |
Total net sales | 544.8 |  |  | 43.2 |  |  | — |  |  | 588.0 |
Less (1): |  |  |  |  |  |  |
Cost of sales | $ | 418.4 |  |  | $ | 35.7 |  |  | $ | — |  |  | $ | 454.1 |
Selling, general and administrative expenses | 65.6 |  |  | 3.2 |  |  | 12.1 |  |  | 80.9 |
Depreciation and amortization | 17.7 |  |  | 1.5 |  |  | 0.1 |  |  | 19.3 |
Restructuring, impairment and transaction-related charges, net | 6.6 |  |  | 0.3 |  |  | 0.4 |  |  | 7.3 |
Operating income (loss) | $ | 36.5 |  |  | $ | 2.5 |  |  | $ | (12.6) |  |  | $ | 26.4 |
Capital expenditures by segment | $ | 11.1 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 12.2 |
| United States Print and Related Services |  | International |  | Corporate |  | Total
Three Months Ended September 30, 2024 |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |
Products | $ | 438.8 |  |  | $ | 91.0 |  |  | $ | — |  |  | $ | 529.8 |
Services | 140.3 |  |  | 4.7 |  |  | — |  |  | 145.0 |
Total net sales | 579.1 |  |  | 95.7 |  |  | — |  |  | 674.8 |
Less (1): |  |  |  |  |  |  |
Cost of sales | $ | 451.5 |  |  | $ | 76.1 |  |  | $ | — |  |  | $ | 527.6 |
Selling, general and administrative expenses | 67.9 |  |  | 11.1 |  |  | 9.4 |  |  | 88.4 |
Depreciation and amortization | 21.2 |  |  | 3.1 |  |  | 0.1 |  |  | 24.4 |
Restructuring, impairment and transaction-related charges, net | (12.7) |  |  | 51.9 |  |  | 0.1 |  |  | 39.3 |
Operating income (loss) | $ | 51.2 |  |  | $ | (46.5) |  |  | $ | (9.6) |  |  | $ | (4.9) |
Capital expenditures by segment | $ | 11.1 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 12.2 |
______________________________ (1)The significant expense categories and amounts align with the segment-level information regularly provided to the chief operating decision maker (the “CODM”).
| United States Print and Related Services |  | International |  | Corporate |  | Total
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |
Products | $ | 1,238.6 |  |  | $ | 163.3 |  |  | $ | — |  |  | $ | 1,401.9 |
Services | 384.5 |  |  | 2.9 |  |  | — |  |  | 387.4 |
Total net sales | 1,623.1 |  |  | 166.2 |  |  | — |  |  | 1,789.3 |
Less (1): |  |  |  |  |  |  |
Cost of sales | $ | 1,262.2 |  |  | $ | 140.0 |  |  | $ | — |  |  | $ | 1,402.2 |
Selling, general and administrative expenses | 196.1 |  |  | 11.5 |  |  | 37.0 |  |  | 244.6 |
Depreciation and amortization | 55.1 |  |  | 4.4 |  |  | 0.2 |  |  | 59.7 |
Restructuring, impairment and transaction-related charges, net | 18.7 |  |  | 3.3 |  |  | 1.1 |  |  | 23.1 |
Operating income (loss) | $ | 91.0 |  |  | $ | 7.0 |  |  | $ | (38.3) |  |  | $ | 59.7 |
Capital expenditures by segment | $ | 33.3 |  |  | $ | 3.2 |  |  | $ | — |  |  | $ | 36.5 |
Total assets by segment as of September 30, 2025 | $ | 1,097.6 |  |  | $ | 160.8 |  |  | $ | 9.4 |  |  | $ | 1,267.8 |
| United States Print and Related Services |  | International |  | Corporate |  | Total
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |
Products | $ | 1,286.6 |  |  | $ | 248.0 |  |  | $ | — |  |  | $ | 1,534.6 |
Services | 415.7 |  |  | 13.5 |  |  | — |  |  | 429.2 |
Total net sales | 1,702.3 |  |  | 261.5 |  |  | — |  |  | 1,963.8 |
Less (1): |  |  |  |  |  |  |
Cost of sales | $ | 1,335.5 |  |  | $ | 207.3 |  |  | $ | — |  |  | $ | 1,542.8 |
Selling, general and administrative expenses | 194.0 |  |  | 31.6 |  |  | 34.6 |  |  | 260.2 |
Depreciation and amortization | 69.3 |  |  | 9.9 |  |  | 0.2 |  |  | 79.4 |
Restructuring, impairment and transaction-related charges, net | 28.2 |  |  | 53.5 |  |  | 0.2 |  |  | 81.9 |
Operating income (loss) | $ | 75.3 |  |  | $ | (40.8) |  |  | $ | (35.0) |  |  | $ | (0.5) |
Capital expenditures by segment | $ | 41.7 |  |  | $ | 4.0 |  |  | $ | — |  |  | $ | 45.7 |
Total assets by segment |  |  |  |  |  |  |
September 30, 2024 | $ | 1,125.7 |  |  | $ | 248.8 |  |  | $ | 14.3 |  |  | $ | 1,388.8 |
December 31, 2024 | $ | 1,052.8 |  |  | $ | 214.9 |  |  | $ | 31.3 |  |  | $ | 1,299.0 |
______________________________ (1)The significant expense categories and amounts align with the segment-level information regularly provided to the CODM.
Reconciliation of Operating Income (Loss) to Earnings (Loss) Before Income Taxes and Equity in Loss of Unconsolidated Entities | A reconciliation of operating income (loss) to earnings (loss) before income taxes as reported in the condensed consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024, was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating income (loss) | $ | 26.4 |  |  | $ | (4.9) |  |  | $ | 59.7 |  |  | $ | (0.5) |
Less: interest expense | 12.8 |  |  | 17.0 |  |  | 38.4 |  |  | 49.4 |
Less: net pension expense (income) | 0.4 |  |  | (0.2) |  |  | 1.1 |  |  | (0.6) |
Earnings (loss) before income taxes | $ | 13.2 |  |  | $ | (21.7) |  |  | $ | 20.2 |  |  | $ | (49.3) |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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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