Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations (unaudited)

v3.25.3
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
Income Statement [Abstract]        
Net sales $ 220.3 $ 194.5 $ 628.2 $ 626.4
Cost of sales 147.3 134.0 427.9 428.1
Gross profit 73.0 60.5 200.3 198.3
Selling, engineering and administrative expenses 38.2 30.4 110.0 106.2
Amortization of intangible assets 7.6 7.9 24.1 23.6
Goodwill Impairment 25.9 0.0 25.9 0.0
Operating income 1.3 22.2 40.3 68.5
Interest expense, net 6.9 9.0 21.3 25.7
Foreign currency transaction loss, net 0.6 0.1 1.2 0.5
Other non-operating income, net (19.0) (0.2) (19.4) (0.6)
Income before income taxes 12.8 13.3 37.2 42.9
Income tax provision 2.5 1.9 8.3 8.7
Net income $ 10.3 $ 11.4 $ 28.9 $ 34.2
Net income per share:        
Basic $ 0.31 $ 0.34 $ 0.87 $ 1.03
Diluted $ 0.31 $ 0.34 $ 0.87 $ 1.03
Weighted average shares outstanding:        
Basic 33.1 33.2 33.2 33.2
Diluted 33.3 33.2 33.3 33.2
Dividends declared per share $ 0.09 $ 0.09 $ 0.27 $ 0.27