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CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
NET SALES [1] $ 426.6 $ 418.6
Cost of sales 314.8 308.8
GROSS MARGIN 111.8 109.8
OPERATING EXPENSES AND INCOME    
Selling, general and administrative expenses 43.3 39.1
Research, development and engineering expenses 10.1 9.8
Equity, royalty and interest income from investees 10.4 8.4
Other operating expense, net 0.2 0.1
OPERATING INCOME 68.6 69.2
Interest expense 10.5 0.0
Other income (expense), net 0.2 (0.1)
INCOME BEFORE INCOME TAXES 58.3 69.1
Income tax expense 12.8 16.4
NET INCOME $ 45.5 $ 52.7
PER SHARE DATA:    
Weighted-average shares for basic EPS (in shares) 83.3 83.3
Weighted-average shares for diluted EPS (in shares) 83.6 83.3
Basic earnings per share (in dollars per share) $ 0.55 $ 0.63
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.63
[1] Includes sales to related parties of $82.3 million for the three months ended March 31, 2024 compared with $89.1 million for the three months ended March 31, 2023.