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Revenue (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023 and 2022:

 

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

(In millions)

2023

 

 

2022

 

2023

 

2022

 

Consolidated Net Sales

$

454.3

 

$

393.0

 

$

912.0

 

$

783.6

 

Commercial Aerospace

 

264.3

 

 

 

227.6

 

 

 

548.8

 

 

 

446.5

 

Space & Defense

 

137.5

 

 

 

111.9

 

 

 

263.7

 

 

 

230.1

 

Industrial

 

52.5

 

 

 

53.5

 

 

 

99.5

 

 

 

107.0

 

Schedule of Activity Related to Contract Assets The activity related to contract assets for the six months ended June 30, 2023 was as follows:

 

(In millions)

Composite Material

 

Engineered Products

 

Total

 

Balance at December 31, 2022

$

9.1

 

$

22.9

 

$

32.0

 

Net revenue billed

 

(2.5

)

 

 

(0.9

)

 

 

(3.4

)

Balance at March 31, 2023

 

6.6

 

 

22.0

 

 

28.6

 

Net revenue billed

$

0.4

 

 

$

(1.8

)

 

(1.4

)

Balance at June 30, 2023

$

7.0

 

$

20.2

 

$

27.2