SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, By Segment

The following table summarizes financial information regarding each reportable segment’s results of operations, including disaggregated external net sales by product category:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions)	2024		2023		2024		2023
Net sales:
Electronics
Assembly Solutions	$	198.1	$	184.0	$	365.6	$	357.5
Circuitry Solutions	121.7		103.0		233.5		209.7
Semiconductor Solutions	71.9		68.8		141.8		128.2
Total Electronics	391.7		355.8		740.9		695.4
Industrial & Specialty
Industrial Solutions	165.0		175.8		331.5		356.5
Graphics Solutions	36.8		36.7		73.8		71.6
Energy Solutions	19.2		17.8		41.5		37.0
Total Industrial & Specialty	221.0		230.3		446.8		465.1
Total net sales	$	612.7	$	586.1	$	1,187.7	$	1,160.5
Adjusted EBITDA:
Electronics	$	92.2	$	76.3	$	176.1	$	149.0
Industrial & Specialty	42.9		39.8		86.0		79.4
Total Adjusted EBITDA	$	135.1	$	116.1	$	262.1	$	228.4

The following table reconciles "Net income" to Adjusted EBITDA:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions)	2024		2023		2024		2023
Net income	$	93.3	$	29.7	$	149.3	$	72.7
Add (subtract):
Income from discontinued operations, net of tax	(1.6)		(2.9)		(1.6)		(2.9)
Income tax (benefit) expense	(17.5)		21.2		(4.0)		38.1
Interest expense, net	14.3		12.0		28.2		23.7
Depreciation expense	10.3		10.1		20.4		19.6
Amortization expense	29.8		31.0		60.0		60.6
EBITDA	128.6		101.1		252.3		211.8
Adjustments to reconcile to Adjusted EBITDA:
Restructuring expense	3.5		1.9		5.8		4.2
Acquisition and integration expense	3.3		4.4		5.0		8.3
Foreign exchange gains on intercompany loans	(3.9)		(8.5)		(10.7)		(14.1)
Kuprion Acquisition research and development charge	—		15.7		3.9		15.7
Other, net	3.6		1.5		5.8		2.5
Adjusted EBITDA	$	135.1	$	116.1	$	262.1	$	228.4