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Operating Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information Our contract assets by operating segment as of June 30, 2025 and December 31, 2024 were as follows:
(Dollars in millions)June 30, 2025December 31, 2024
Advanced Electronics Solutions$20.9 $18.9 
Elastomeric Material Solutions0.3 0.7 
Other4.2 4.1 
Total contract assets$25.4 $23.7 
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, 2025
Net sales - recognized over time$34.9 $2.4 $3.9 $41.2 
Net sales - recognized at a point in time74.1 87.0 0.5 161.6 
Total net sales$109.0 $89.4 $4.4 $202.8 
Cost of sales$78.1 $57.9 $2.8 $138.8 
Gross margin$30.9 $31.5 $1.6 $64.0 
Inventories, net$85.5 $64.1 $1.6 $151.2 
Depreciation expense$4.4 $2.8 $0.2 $7.4 
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 
Cost of sales$79.5 $59.0 $2.6 $141.1 
Gross margin$36.0 $35.7 $1.4 $73.1 
Inventories, net$85.2 $64.0 $1.6 $150.8 
Depreciation expense$4.4 $2.0 $0.2 $6.6 
Six Months Ended June 30, 2025
Net sales - recognized over time$73.8 $4.5 $7.4 $85.7 
Net sales - recognized at a point in time139.4 167.5 0.7 307.6 
Total net sales$213.2 $172.0 $8.1 $393.3 
Cost of sales$153.2 $113.8 $5.3 $272.3 
Gross margin$60.0 $58.2 $2.8 $121.0 
Inventories, net$85.5 $64.1 $1.6 $151.2 
Depreciation expense$8.6 $5.6 $0.4 $14.6 
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 
Cost of sales$166.9 $113.4 $6.0 $286.3 
Gross margin$70.7 $67.0 $3.6 $141.3 
Inventories, net$85.2 $64.0 $1.6 $150.8 
Depreciation expense$8.8 $4.1 $0.4 $13.3 
The following table presents net sales by our operating segment operations by geographic area for the periods indicated:
(Dollars in millions)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Three Months Ended June 30, 2025
United States$22.9 $33.9 $0.8 $57.6 
Other Americas0.4 2.7 — 3.1 
Total Americas23.3 36.6 0.8 60.7 
China33.9 25.9 1.3 61.1 
Other APAC13.5 7.7 0.6 21.8 
Total APAC47.4 33.6 1.9 82.9 
Germany13.4 5.9 0.2 19.5 
Other EMEA24.9 13.3 1.5 39.7 
Total EMEA38.3 19.2 1.7 59.2 
Total net sales$109.0 $89.4 $4.4 $202.8 
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 
(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, 2025
United States$45.0 $67.6 $1.7 $114.3 
Other Americas1.2 5.7 — 6.9 
Total Americas46.2 73.3 1.7 121.2 
China67.5 45.8 2.3 115.6 
Other APAC26.2 15.7 1.2 43.1 
Total APAC93.7 61.5 3.5 158.7 
Germany25.0 11.5 0.4 36.9 
Other EMEA48.3 25.7 2.5 76.5 
Total EMEA73.3 37.2 2.9 113.4 
Total net sales$213.2 $172.0 $8.1 $393.3 
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 
(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.