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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
[1]
Income Statement [Abstract]    
Net sales $ 777.4 $ 737.5
Costs and expenses:    
Cost of products sold, excluding depreciation and amortization 673.4 651.3
Depreciation and amortization 30.0 28.8
Selling, general, administrative, research and development 30.8 32.6
Restructuring costs 1.8 0.1
Other operating charges, net 0.0 0.4
Total costs and expenses 736.0 713.2
Operating income 41.4 24.3
Other (expense) income:    
Interest expense (11.2) (11.5)
Other (expense) income, net - Note 9 (1.4) 10.9
Income before income taxes 28.8 23.7
Income tax provision (7.2) (5.5)
Net income [2] $ 21.6 $ 18.2
Net income per common share:    
Basic $ 1.34 $ 1.13 [3]
Diluted $ 1.31 $ 1.12 [3]
Weighted-average number of common shares outstanding (in thousands):    
Basic 16,116 16,027 [3]
Diluted 16,399 16,230 [3]
[1] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[2] See Note 12 for supplemental cash flow information.
[3] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.