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Segments
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segments Segments
The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:
Supply TechnologiesAssembly ComponentsEngineered ProductsCorporateTotal
(In millions)
Three Months Ended September 30, 2025
Net sales$185.5 $97.0 $116.1 $— $398.6 
Cost of sales150.0 86.6 95.4 — 332.0 
Gross profit35.5 10.4 20.7 — 66.6 
Selling, general and administrative expenses17.1 4.4 17.0 8.0 46.5 
Restructuring and other special charges1.0 1.3 0.3 0.2 2.8 
Operating income17.4 4.7 3.4 (8.2)17.3 
Other components of pension and other postretirement benefits income, net1.7 
Interest expense, net(12.5)
Loss on extinguishment of debt(2.0)
Income from continuing operations before income taxes$4.5 
Three Months Ended September 30, 2024
Net sales$194.5 $98.7 $124.4 $— $417.6 
Cost of sales157.2 87.1 101.0 — 345.3 
Gross profit37.3 11.6 23.4 — 72.3 
Selling, general and administrative expenses16.8 5.0 18.2 7.8 47.8 
Restructuring and other special charges— 0.5 0.4 — 0.9 
Operating income20.5 6.1 4.8 (7.8)23.6 
Other components of pension and other postretirement benefits income, net1.1 
Interest expense, net(12.1)
Income from continuing operations before income taxes$12.6 
Supply TechnologiesAssembly ComponentsEngineered ProductsCorporateTotal
(In millions)
Nine Months Ended September 30, 2025
Net sales$560.4 $289.0 $354.7 $— $1,204.1 
Cost of sales457.5 256.5 287.2 — 1,001.2 
Gross profit102.9 32.5 67.5 — 202.9 
Selling, general and administrative expenses50.0 14.9 52.8 23.8 141.5 
Restructuring and other special charges1.4 2.0 1.5 0.2 5.1 
Operating income51.5 15.6 13.2 (24.0)56.3 
Other components of pension and other postretirement benefits income, net5.3 
Interest expense, net(34.7)
Loss on extinguishment of debt(2.0)
Income from continuing operations before income taxes$24.9 
Nine Months Ended September 30, 2024
Net sales$594.0 $309.0 $364.8 $— $1,267.8 
Cost of sales483.6 273.0 294.3 — 1,050.9 
Gross profit110.4 36.0 70.5 — 216.9 
Selling, general and administrative expenses51.2 13.9 54.2 23.0 142.3 
Restructuring and other special charges0.2 0.5 1.7 — 2.4 
Operating income59.0 21.6 14.6 (23.0)72.2 
Other components of pension and other postretirement benefits income, net3.8 
Interest expense, net(36.0)
Income from continuing operations before income taxes$40.0 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Capital expenditures:
Supply Technologies$5.9 $2.7 $13.7 $7.2 
Assembly Components1.7 3.0 4.6 6.3 
Engineered Products2.5 3.0 8.3 7.1 
Corporate0.6 0.4 1.0 1.7 
$10.7 $9.1 $27.6 $22.3 
Depreciation and amortization expense:
Supply Technologies$1.7 $1.7 $5.0 $5.1 
Assembly Components3.2 3.4 9.8 10.3 
Engineered Products3.2 3.3 9.6 9.6 
Corporate0.2 0.1 0.4 0.2 
$8.3 $8.5 $24.8 $25.2 
September 30,
2025
December 31,
2024
Identifiable assets:
Supply Technologies$498.2 $465.6 
Assembly Components303.2 284.3 
Engineered Products473.4 468.8 
Corporate161.8 146.4 
$1,436.6 $1,365.1