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Investments in Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 2024
Schedule of Equity Method Investments [Line Items]  
Summary of Investment in Joint Venture, Income Statement Data

Condensed financial statement data for WAVE is summarized below.

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net sales

 

$

122.6

 

 

$

117.8

 

 

$

374.5

 

 

$

343.4

 

Gross profit

 

 

72.5

 

 

 

68.5

 

 

 

225.3

 

 

 

200.9

 

Net earnings

 

 

52.9

 

 

 

49.1

 

 

 

165.1

 

 

 

144.5

 

Schedule of Equity (Earnings) Losses from Unconsolidated Affiliates

The following table presents equity (earnings) losses from our unconsolidated affiliates for the three and nine months ended September 30, 2024 and 2023:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

WAVE

 

$

(25.5

)

 

$

(23.4

)

 

$

(79.4

)

 

$

(69.1

)

Overcast

 

 

0.3

 

 

 

-

 

 

 

0.7

 

 

 

-

 

Equity (earnings) from unconsolidated affiliates, net

 

$

(25.2

)

 

$

(23.4

)

 

$

(78.7

)

 

$

(69.1

)