Restructuring Activities and Related Impairments

3 Months Ended

Apr. 03, 2026

Restructuring and Related Activities [Abstract]

Restructuring Activities And Related Impairments

RESTRUCTURING ACTIVITIES AND RELATED IMPAIRMENTS

Restructuring Activities

The Company’s restructuring activities are undertaken as necessary to implement management’s strategy, streamline operations, take advantage of available capacity and resources, and ultimately achieve net cost reductions. These activities generally relate to reductions in workforce, the realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, as it relates to executing the Company’s strategy, pursuant to restructuring programs.

Restructuring related charges recorded by segment were as follows ($ in millions):

	Three Months Ended
	April 3, 2026		March 28, 2025
Specialty Products & Technologies	$	4.4	$	4.2
Equipment & Consumables	2.0		2.3
Other	0.4		3.8
Total	$	6.8	$	10.3

Restructuring related charges incurred were reflected in the following captions in the accompanying Condensed Consolidated Statements of Operations ($ in millions):

	Three Months Ended
	April 3, 2026		March 28, 2025
Cost of sales	$	3.1	$	1.9
Selling, general and administrative	3.7		8.4
Total	$	6.8	$	10.3

At April 3, 2026 and December 31, 2025, the restructuring liability was $12.8 million and $12.0 million, respectively. The liability as of April 3, 2026 is expected to be paid during 2026.