Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations (unaudited)

v3.25.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Income Statement [Abstract]        
Net sales $ 212.5 $ 219.9 $ 408.0 $ 431.9
Cost of sales 145.0 149.3 280.6 294.1
Gross profit 67.5 70.6 127.4 137.8
Selling, engineering and administrative expenses 37.3 36.7 71.9 75.7
Amortization of intangible assets 8.3 7.9 16.5 15.7
Operating income 21.9 26.0 39.0 46.4
Interest expense, net 7.0 8.5 14.4 16.7
Foreign currency transaction loss, net 0.5 0.2 0.6 0.5
Other non-operating income, net (0.5) (0.3) (0.4) (0.3)
Income before income taxes 14.9 17.6 24.4 29.5
Income tax provision 3.5 4.0 5.8 6.8
Net income $ 11.4 $ 13.6 $ 18.6 $ 22.7
Net income per share:        
Basic $ 0.34 $ 0.41 $ 0.56 $ 0.69
Diluted $ 0.34 $ 0.41 $ 0.56 $ 0.68
Weighted average shares outstanding:        
Basic 33.3 33.2 33.3 33.2
Diluted 33.3 33.3 33.4 33.3
Dividends declared per share $ 0.09 $ 0.09 $ 0.18 $ 0.18