Acquisition of QGP Quimica Geral (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Summary of total purchase price and the estimated allocation of the purchase price to the assets acquired and liabilities assumed

The following table summarizes the calculations of the total purchase price and the estimated allocation of the purchase price to the provisional assets acquired and liabilities assumed for the business:

(in millions)	QGP
Goodwill	$	37.4
Other intangible assets		7.3
Deferred tax on other intangible assets		(2.5	)
Net property, plant and equipment		9.6
Other net assets acquired		6.2
Purchase price, net of cash acquired	$	58.0

Schedule of supplemental unaudited pro forma information

For illustrative purposes only pro forma information of the enlarged group is provided below but is not necessarily indicative of what the financial position or results of operations would have been had the QGP acquisition been completed as part of the Company from January 1, 2021. In addition, the unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position of operating results of the enlarged group.

(in millions, except per share data)	2023		2022		2021
Net sales	$	2,001.7	$	2,017.9	$	1,527.9
Net income	$	145.1	$	140.7	$	98.2
Earnings per share – basic	$	5.84	$	5.68	$	3.99
– diluted	$	5.80	$	5.63	$	3.95