Acquisition (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the preliminary purchase price allocation for the Acquisition, which is subject to change as the Company continues to evaluate the fair value of the assets acquired and liabilities assumed:

(in millions)	Amount
Payment to equity holders	$	176.4
Payment of TerraSource's outstanding debt	71.9
Transaction expenses paid on behalf of the seller	4.1
Aggregate purchase consideration	252.4
Identifiable assets acquired:
Cash, cash equivalents and restricted cash	3.9
Trade receivables, contract assets and other receivables, net	20.1
Inventories	58.4
Other current assets	11.0
Property and equipment, net	20.4
Intangible assets, net	127.2
Other long-term assets	6.0
Total assets acquired	247.0
Identifiable liabilities assumed:
Current liabilities	43.7
Long-term liabilities	36.0
Total liabilities assumed	79.7
Total identifiable net assets	167.3
Goodwill	$	85.1

Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived

The following table summarizes the identifiable definite-lived intangible assets acquired. All intangible assets acquired in the TerraSource acquisition are subject to amortization:

(in millions except useful lives)	Fair Value		Estimated Useful Life (in years)
Trade Names	$	7.8	10
Patents	5.0		10
Customer Relationships	110.0		10
Other	4.4		3 - 5
Total identifiable definite-lived intangible assets acquired	$	127.2

Schedule of Business Combination, Pro Forma Information

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2025		2024		2025		2024
Revenue	$	350.1	$	330.6	$	1,076.7	$	1,059.6
Net income (loss)	$	5.8	$	(11.5)	$	29.1	$	(39.2)