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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 49.2 $ 76.1
Accounts receivable, net 45.4 43.9
Inventories 38.1 21.7
Income tax receivable 5.8 1.8
Prepaid expenses and other current assets 13.4 7.7
Total current assets 151.9 151.2
Property, plant and equipment, net 145.2 137.6
Operating lease right-of-use assets, net 24.0 20.9
Goodwill 457.0 443.7
Intangible assets, net 306.1 312.2
Deferred tax assets 0.1 0.1
Other assets 53.7 38.5
Total assets 1,138.0 1,104.2
Current liabilities    
Accounts payable 33.2 26.9
Accrued liabilities and other 35.8 28.5
Current portion of long-term debt 5.4 5.6
Operating lease liabilities, current 4.0 4.0
Deferred revenue 8.9 3.4
Total current liabilities 87.3 68.4
Long-term debt 397.7 400.8
Deferred tax liabilities 55.1 62.0
Derivative instruments 33.5 1.3
Operating lease liabilities, non-current 24.2 20.8
Other liabilities 1.2 2.8
Total liabilities 599.0 556.1
Commitments and contingencies – Note 13
Shareholders’ equity    
Class A common stock, $0.0001 par, 200,000,000 shares authorized at June 30, 2025 and December 31, 2024; shares issued and outstanding: 84,346,019 and 83,267,367 at June 30, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 710.3 699.6
Accumulated deficit (163.7) (145.3)
Accumulated other comprehensive loss (7.6) (6.2)
Total shareholders’ equity 539.0 548.1
Total liabilities and shareholders’ equity $ 1,138.0 $ 1,104.2