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Condensed Consolidated Statements of Income (Loss) - Madison Industries IAQ Solutions Corporation - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net sales $ 923.7 $ 690.4
Cost of goods sold [1] 570.7 436.0
Selling, general and administrative expenses [2] 154.3 105.6
Intangible amortization 40.9 25.2
Restructuring expenses 2.3 0.1
Other operating expenses 4.1 0.8
Operating income 151.4 122.7
Interest and financing expenses 90.7 65.8
Other income (expense) 0.4 (3.0)
Income (loss) from continuing operations before income taxes 60.3 59.9
Income tax expense (benefit) 17.3 14.7
Income (loss) from continuing operations 43.0 45.2
Income (loss) from discontinued operations, net of taxes 0.0 1.0
Net Income (loss) 43.0 46.2
Less: Net income attributable to noncontrolling interests 9.4 8.5
Net income (loss) attributable to the Company $ 33.6 $ 37.7
Basic:    
Net earnings per share - basic (in dollars per share) $ 33,617 $ 36,762
Discontinued operations (in dollars per share) 0 979
Net income (loss) (in dollars per share) $ 33,617 $ 37,741
Weighted average shares outstanding:    
Basic (in shares) 1,000 1,000
[1] Exclusive of intangible amortization shown separately
[2] Inclusive of equity appreciation rights expense of $10.4 and $5.2 for the three months ended March 31, 2026 and 2025, respectively.