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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales $ 403.5 $ 352.9 $ 1,087.7 $ 1,034.4
Operating costs and expenses:        
Cost of sales 232.2 187.4 603.1 545.8
Selling, general and administrative 96.3 85.8 283.9 274.2
Restructuring charges, net 0.0 0.0 2.7 0.0
Operating profit 75.0 79.7 198.0 214.4
Other income (expense):        
Interest income 0.4 0.3 1.4 0.7
Miscellaneous income, net (1.3) 0.7 1.7 3.1
Total other expense, net (11.7) (11.8) (32.6) (36.0)
Income before income taxes 63.3 67.9 165.4 178.4
Provision for income taxes 16.2 16.0 38.9 39.6
Net income attributable to common shareholders $ 47.1 $ 51.9 $ 126.5 $ 138.8
Earnings per share:        
Basic (in dollars per share) $ 0.82 $ 0.91 $ 2.21 $ 2.44
Diluted (in dollars per share) $ 0.81 $ 0.90 $ 2.19 $ 2.42
Average shares outstanding:        
Basic (in shares) 57.2 56.8 57.1 56.8
Diluted (in shares) 57.8 57.5 57.8 57.4
Dividends per share (in dollars per share) $ 0.16 $ 0.14 $ 0.48 $ 0.28
Nonrelated Party        
Other income (expense):        
Interest expense $ (13.4) $ (12.8) $ (35.7) $ (37.3)
Related Party        
Other income (expense):        
Interest expense $ 0.0 $ 0.0 $ 0.0 $ (2.5)