Segments (Tables)

9 Months Ended

Sep. 30, 2023

Results by business segment were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In millions)
NET SALES OF CONTINUING OPERATIONS:
Supply Technologies	$	192.8	$	185.9	$	585.9	$	530.5
Assembly Components1	108.4		101.0		330.8		294.3
Engineered Products	117.6		96.9		353.7		286.5
	$	418.8	$	383.8	$	1,270.4	$	1,111.3
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES:
Supply Technologies	$	15.6	$	10.7	$	45.0	$	35.4
Assembly Components1	11.2		2.6		26.9		0.7
Engineered Products	7.1		5.8		15.3		14.7
Total segment operating income	33.9		19.1		87.2		50.8

Corporate costs	(6.9)		(7.5)		(21.6)		(22.9)

Gains on sales of assets	—		—		0.8		2.9


Operating income	27.0		11.6		66.4		30.8
Other components of pension income and other postretirement benefits expense, net	0.6		2.7		1.9		8.3
Interest expense, net	(11.6)		(9.0)		(33.4)		(23.7)

Income from continuing operations before income taxes1	$	16.0	$	5.3	$	34.9	$	15.4

(1) - Our continuing operations exclude the results of our Aluminum Products business unit, which is held-for-sale as of September 30, 2023 and December 31, 2022 and presented in discontinued operations for all periods presented. Aluminum Products was previously included in our Assembly Components segment.