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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 65.5 $ 76.1
Accounts receivable, net 43.0 43.9
Inventories 35.3 21.7
Income tax receivable 2.9 1.8
Prepaid expenses and other current assets 9.8 7.7
Total current assets 156.5 151.2
Property, plant and equipment, net 140.4 137.6
Operating lease right-of-use assets, net 21.6 20.9
Goodwill 448.0 443.7
Intangible assets, net 307.7 312.2
Deferred tax assets 0.1 0.1
Other assets 45.2 38.5
Total assets 1,119.5 1,104.2
Current liabilities    
Accounts payable 37.1 26.9
Accrued liabilities and other 37.5 28.5
Current portion of long-term debt 5.7 5.6
Operating lease liabilities, current 4.1 4.0
Deferred revenue 3.3 3.4
Total current liabilities 87.7 68.4
Long-term debt 399.5 400.8
Deferred tax liabilities 59.3 62.0
Derivative instruments 6.1 1.3
Operating lease liabilities, non-current 21.5 20.8
Other liabilities 1.3 2.8
Total liabilities 575.4 556.1
Commitments and contingencies – Note 13
Shareholders’ equity    
Class A common stock, $0.0001 par, 200,000,000 shares authorized at March 31, 2025 and December 31, 2024; shares issued and outstanding: 84,222,329 and 83,267,367 at March 31, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 707.3 699.6
Accumulated deficit (156.2) (145.3)
Accumulated other comprehensive loss (7.0) (6.2)
Total shareholders’ equity 544.1 548.1
Total liabilities and shareholders’ equity $ 1,119.5 $ 1,104.2