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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 41.4 $ 48.0
Accounts receivable, less allowances of $5.4 and $5.9, respectively 267.9 260.3
Inventories - net 701.7 609.4
Other current assets 43.5 41.2
Total current assets 1,054.5 958.9
Property, plant, and equipment - net 344.4 346.2
Operating lease right-of-use assets 67.5 59.3
Goodwill 78.0 77.8
Intangible assets - net 122.4 118.5
Other non-current assets 97.0 99.3
Total assets 1,763.8 1,660.0
Current Liabilities:    
Accounts payable and accrued expenses 456.0 389.4
Customer advances 24.9 18.0
Short-term borrowings and current portion of long-term debt 17.6 13.1
Product warranties 38.3 37.0
Other liabilities 18.0 16.8
Total current liabilities 554.8 474.3
Non-Current Liabilities:    
Long-term debt 381.4 377.1
Operating lease liabilities 54.6 47.0
Deferred income taxes 2.2 2.1
Pension obligations 48.1 47.1
Postretirement health and other benefit obligations 4.5 4.7
Long-term deferred revenue 17.1 17.5
Other non-current liabilities 49.5 50.1
Total non-current liabilities 557.4 545.6
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Preferred stock (3,500,000 shares authorized of $.01 par value; none outstanding) 0.0 0.0
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,443,463 and 35,134,245 shares outstanding, respectively) 0.4 0.4
Additional paid-in capital 611.3 615.1
Accumulated other comprehensive loss (89.7) (107.6)
Retained earnings 193.0 199.3
Treasury stock, at cost (5,350,520 and 5,659,738 shares, respectively) (63.4) (67.1)
Total stockholders' equity 651.6 640.1
Total liabilities and stockholders' equity $ 1,763.8 $ 1,660.0