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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating activities:          
Net income $ 59.7 $ 45.6 $ 83.3 $ 84.8  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, depletion, and amortization 56.1 46.6 109.7 89.4  
Impairment charge 0.0 5.8 0.0 5.8  
Stock-based compensation expense     13.4 14.1  
Provision for deferred income taxes     11.9 14.4  
Gain on disposition of property, plant, equipment, and other assets (4.5) (2.0) (8.3) (5.9)  
(Gain) loss on sale of businesses 2.8 (12.5) 2.5 (19.5)  
(Increase) decrease in other assets     2.3 (4.2)  
Increase (decrease) in other liabilities     (3.7) (9.7)  
Other     5.7 (5.7)  
Changes in current assets and liabilities:          
(Increase) decrease in receivables     (126.3) (80.6)  
(Increase) decrease in inventories     (50.7) 21.9  
(Increase) decrease in other current assets     13.4 11.3  
Increase (decrease) in accounts payable     60.1 (11.3)  
Increase (decrease) in advance billings     (41.8) (2.3)  
Increase (decrease) in accrued liabilities     (11.0) 16.3  
Net cash provided by operating activities     60.5 118.8  
Investing activities:          
Proceeds from disposition of property, plant, equipment, and other assets     10.8 7.4  
Proceeds from sale of businesses     0.0 33.3  
Capital expenditures     (61.8) (102.0)  
Cash received (paid) for acquisitions     17.6 (179.9)  
Net cash required by investing activities     (33.4) (241.2)  
Financing activities:          
Payments to retire debt     (6.6) (63.4)  
Proceeds from issuance of debt     0.0 200.0  
Dividends paid to common stockholders     (5.0) (4.9)  
Purchase of shares to satisfy employee tax on vested stock     (12.4) (10.4)  
Debt issuance costs     (0.7) 0.0  
Net cash (required) provided by financing activities     (24.7) 121.3  
Net increase (decrease) in cash and cash equivalents     2.4 (1.1)  
Cash and cash equivalents at beginning of period     187.3 104.8 $ 104.8
Cash and cash equivalents at end of period $ 189.7 [1] $ 103.7 $ 189.7 [1] $ 103.7 $ 187.3
[1] (unaudited)