Segments

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segments

Segments

The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate expenses. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate expenses; loss on extinguishment of debt; gains on sales of assets; other unallocated expenses; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:

	Year Ended December 31, 2025
	Supply Technologies		Assembly Components		Engineered Products		Total
	(In millions)
Net sales	$	747.5	$	380.6	$	471.0	$	1,599.1
Cost of sales	605.9		338.8		383.2		1,327.9
Selling, general and administrative expenses	67.9		19.9		70.5		158.3
Restructuring and other special charges	1.4		2.8		1.8		6.0
Asset impairment charges	—		—		8.9		8.9
Segment operating income	$	72.3	$	19.1	$	6.6	98.0
Corporate expenses							(31.3)
Corporate restructuring and other special charges							(0.4)
Operating income							66.3
Other components of pension and other postretirement benefits income, net							7.0
Interest expense, net							(47.5)
Loss on extinguishment of debt							(2.0)
Income from continuing operations before income taxes							$	23.8
	Year Ended December 31, 2024
	Supply Technologies		Assembly Components		Engineered Products		Total
	(In millions)
Net sales	$	775.8	$	398.7	$	481.7	$	1,656.2
Cost of sales	631.5		353.6		389.7		1,374.8
Selling, general and administrative expenses	69.1		18.6		70.7		158.4
Restructuring and other special charges	0.2		1.1		3.6		4.9
Segment operating income	$	75.0	$	25.4	$	17.7	118.1
Corporate expenses							(29.0)
Gains on sales of assets, net							2.5
Other expense							(5.0)
Operating income							86.6
Other components of pension and other postretirement benefits income, net							5.2
Interest expense, net							(47.4)
Income from continuing operations before income taxes							$	44.4
	Year Ended December 31, 2023
	Supply Technologies		Assembly Components		Engineered Products		Total
	(In millions)
Net sales	$	763.4	$	427.8	$	468.5	$	1,659.7
Cost of sales	639.1		369.5		379.7		1,388.3
Selling, general and administrative expenses	65.1		23.4		64.8		153.3
Restructuring, acquisition-related and other special charges	0.2		1.5		4.9		6.6
Segment operating income	$	59.0	$	33.4	$	19.1	111.5

Corporate expenses	(28.2)
Gains on sales of assets, net	0.8
Operating income	84.1
Other components of pension and other postretirement benefits income, net	2.5
Interest expense, net	(45.1)
Income from continuing operations before income taxes	$	41.5

	Year Ended December 31,
	2025		2024		2023
Capital expenditures:
Supply Technologies	$	17.4	$	10.5	$	6.3
Assembly Components	6.9		8.8		8.4
Engineered Products	12.8		10.1		12.7
Corporate	3.2		2.0		0.8
	$	40.3	$	31.4	$	28.2
Depreciation and amortization:
Supply Technologies	$	6.7	$	6.7	$	6.6
Assembly Components	13.0		13.8		13.4
Engineered Products	12.6		12.8		11.5
Corporate	0.7		0.3		0.2
	$	33.0	$	33.6	$	31.7
Identifiable assets:
Supply Technologies	$	489.4	$	465.6	$	462.8
Assembly Components	293.3		284.3		289.5
Engineered Products	465.9		468.8		462.0
Corporate	171.0		146.4		126.4
	$	1,419.6	$	1,365.1	$	1,340.7

At December 31, 2025, 2024 and 2023, approximately 66%, 66% and 67%, respectively, of the Company’s assets were located in the United States.