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Revenue (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue By Market The following table details our revenue by market for the quarters and six months ended June 30, 2022 and 2021:

 

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

(In millions)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Consolidated Net Sales

 

$

393.0

 

 

$

320.3

 

 

$

783.6

 

 

$

630.6

 

Commercial Aerospace

 

 

227.6

 

 

 

153.7

 

 

 

446.5

 

 

 

301.3

 

Space & Defense

 

 

111.9

 

 

 

106.9

 

 

 

230.1

 

 

 

218.6

 

Industrial

 

 

53.5

 

 

 

59.7

 

 

 

107.0

 

 

 

110.7

 

Schedule of Activity Related to Contract Assets The activity related to contract assets for the six months ended June 30, 2022 was as follows:

 

(In millions)

 

Composite Material

 

 

Engineered Products

 

 

Total

 

Balance at December 31, 2021

 

$

6.8

 

 

$

23.7

 

 

$

30.5

 

Net revenue billed

 

 

0.6

 

 

 

1.4

 

 

 

2.0

 

Balance at March 31, 2022

 

 

7.4

 

 

 

25.1

 

 

 

32.5

 

Net revenue billed

 

$

0.2

 

 

$

(2.6

)

 

 

(2.4

)

Balance at June 30, 2022

 

$

7.6

 

 

$

22.5

 

 

$

30.1