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Segment Information (Tables)

9 Months Ended

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)

X

- 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

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-Name Accounting Standards Codification
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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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