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CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
NET SALES [1] $ 416.5 $ 426.6
Cost of sales 306.0 314.8
GROSS MARGIN 110.5 111.8
OPERATING EXPENSES AND INCOME    
Selling, general and administrative expenses 45.9 43.3
Research, development and engineering expenses 9.1 10.1
Equity, royalty and interest income from investees 9.2 10.4
Other operating (income) expense, net (0.2) 0.2
OPERATING INCOME 64.9 68.6
Interest expense 8.4 10.5
Other income, net 0.3 0.2
INCOME BEFORE INCOME TAXES 56.8 58.3
Income tax expense 12.1 12.8
NET INCOME $ 44.7 $ 45.5
PER SHARE DATA:    
Weighted-average shares for basic EPS (in shares) 82.8 83.3
Weighted-average shares for diluted EPS (in shares) 83.2 83.6
Basic earnings per share (in dollars per share) $ 0.54 $ 0.55
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.54
[1] Includes sales to related parties of $13.7 million for the three months ended March 31, 2025, compared with $82.3 million for the three months ended March 31, 2024.