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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales [1],[2] $ 1,903.0 $ 1,789.0 $ 1,577.7
Cost of sales 1,433.2 1,355.8 1,220.6
Gross margin 469.8 433.2 357.1
Selling, general and administrative expenses 176.6 163.8 148.0
Research and technology expenses 57.1 52.7 45.8
Other operating expense (income) 50.0 1.4 (11.9)
Operating income 186.1 215.3 175.2
Interest expense, net 31.2 34.0 36.2
Other expense (income) 0.0 71.6 (10.8)
Income before income taxes, and equity in earnings from affiliated companies 154.9 109.7 149.8
Income tax expense 22.8 12.1 31.6
Income before equity in earnings 132.1 97.6 118.2
Equity in earnings from affiliated companies 0.0 8.1 8.1
Net income $ 132.1 $ 105.7 $ 126.3
Basic net income per common share: $ 1.61 $ 1.25 $ 1.5
Diluted net income per common share: $ 1.59 $ 1.24 $ 1.49
Weighted-average common shares:      
Basic 82.3 84.6 84.4
Diluted 83.0 85.5 85.0
[1] Net sales by geography based on the location in which the product sold was manufactured.
[2] Net sales to external customers based on the location to which the product sold was delivered.