XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
NET SALES [1] $ 447.7 $ 403.7 $ 1,317.7 $ 1,262.9
Cost of sales 318.3 292.4 946.8 907.9
GROSS MARGIN 129.4 111.3 370.9 355.0
OPERATING EXPENSES AND INCOME        
Selling, general and administrative expenses 45.9 46.4 137.9 138.8
Research, development and engineering expenses 10.0 9.7 29.8 30.2
Equity, royalty and interest income from investees 8.4 8.1 25.1 26.7
Other operating (income) expense, net 0.0 0.1 (0.2) 1.1
OPERATING INCOME 81.9 63.2 228.5 211.6
Interest expense 8.5 10.4 25.4 31.4
Other (expense) income, net (1.7) 0.9 2.1 3.7
INCOME BEFORE INCOME TAXES 71.7 53.7 205.2 183.9
Income tax expense 16.9 9.9 45.8 38.4
NET INCOME $ 54.8 $ 43.8 $ 159.4 $ 145.5
PER SHARE DATA:        
Weighted-average shares for basic EPS (in shares) 82.0 83.2 82.7 83.3
Weighted-average shares for diluted EPS (in shares) 82.7 83.6 83.3 83.6
Basic earnings per share (in dollars per share) $ 0.67 $ 0.53 $ 1.93 $ 1.75
Diluted earnings per share (in dollars per share) $ 0.66 $ 0.52 $ 1.91 $ 1.74
[1] Includes sales to related parties of $13.7 million and $42.2 million for the three and nine months ended September 30, 2025, respectively, compared with $12.5 million and $112.2 million for the three and nine months ended September 30, 2024, respectively.