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Operating Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:
(Dollars in millions)Advanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Three Months Ended June 30, 2024
Net sales - recognized over time$46.0 $1.5 $3.9 $51.4 
Net sales - recognized at a point in time69.5 93.2 0.1 162.8 
Total net sales$115.5 $94.7 $4.0 $214.2 
Operating income$3.0 $7.2 $1.1 $11.3 
Three Months Ended June 30, 2023
Net sales - recognized over time$57.2 $7.1 $4.0 $68.3 
Net sales - recognized at a point in time73.0 88.3 1.3 162.6 
Total net sales$130.2 $95.4 $5.3 $230.9 
Operating income$5.8 $20.2 $1.9 $27.9 
Six Months Ended June 30, 2024
Net sales - recognized over time$92.4 $3.3 $9.3 $105.0 
Net sales - recognized at a point in time145.2 177.1 0.3 322.6 
Total net sales$237.6 $180.4 $9.6 $427.6 
Operating income$7.4 $12.5 $3.1 $23.0 
Six Months Ended June 30, 2023
Net sales - recognized over time$119.6 $16.1 $7.9 $143.6 
Net sales - recognized at a point in time146.5 181.5 3.1 331.1 
Total net sales$266.1 $197.6 $11.0 $474.7 
Operating income$0.3 $23.4 $3.9 $27.6 
Net sales by operating segment and by geographic area were as follows:
(Dollars in millions)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Three Months Ended June 30, 2024
United States$17.8 $37.4 $1.0 $56.2 
Other Americas2.7 3.5 0.2 6.4 
Total Americas20.5 40.9 1.2 62.6 
China39.0 25.4 1.0 65.4 
Other APAC26.9 8.1 0.5 35.5 
Total APAC65.9 33.5 1.5 100.9 
Germany16.7 6.9 0.1 23.7 
Other EMEA12.4 13.4 1.2 27.0 
Total EMEA29.1 20.3 1.3 50.7 
Total net sales$115.5 $94.7 $4.0 $214.2 
Three Months Ended June 30, 2023
United States$21.4 $43.9 $1.0 $66.3 
Other Americas0.5 0.3 0.2 1.0 
Total Americas21.9 44.2 1.2 67.3 
China38.1 20.7 2.0 60.8 
Other APAC22.2 8.0 0.9 31.1 
Total APAC60.3 28.7 2.9 91.9 
Germany25.2 8.2 0.1 33.5 
Other EMEA22.8 14.3 1.1 38.2 
Total EMEA48.0 22.5 1.2 71.7 
Total net sales$130.2 $95.4 $5.3 $230.9 
(1)Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.
(Dollars in millions)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Six Months Ended June 30, 2024
United States$38.2 $70.5 $2.0 $110.7 
Other Americas3.3 7.4 0.3 11.0 
Total Americas41.5 77.9 2.3 121.7 
China73.3 45.8 2.6 121.7 
Other APAC50.6 14.7 1.6 66.9 
Total APAC123.9 60.5 4.2 188.6 
Germany38.6 14.8 0.3 53.7 
Other EMEA33.6 27.2 2.8 63.6 
Total EMEA72.2 42.0 3.1 117.3 
Total net sales$237.6 $180.4 $9.6 $427.6 
Six Months Ended June 30, 2023
United States$42.9 $85.8 $2.1 $130.8 
Other Americas2.9 9.5 0.3 12.7 
Total Americas45.8 95.3 2.4 143.5 
China76.5 40.9 4.4 121.8 
Other APAC47.1 15.0 1.4 63.5 
Total APAC123.6 55.9 5.8 185.3 
Germany49.2 16.2 0.2 65.6 
Other EMEA47.5 30.2 2.6 80.3 
Total EMEA96.7 46.4 2.8 145.9 
Total net sales$266.1 $197.6 $11.0 $474.7 
(1)Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.
Contract assets by operating segment were as follows:
(Dollars in millions)June 30, 2024December 31, 2023
Advanced Electronics Solutions$27.1 $41.4 
Elastomeric Material Solutions0.5 0.4 
Other4.0 3.4 
Total contract assets$31.6 $45.2