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Investments in Unconsolidated Affiliates (Tables)
3 Months Ended
Mar. 31, 2024
Schedule of Equity Method Investments [Line Items]  
Summary of Investment in Joint Venture, Income Statement Data

Condensed financial statement data for WAVE is summarized below.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Net sales

 

$

125.8

 

 

$

109.5

 

Gross profit

 

 

76.7

 

 

 

62.3

 

Net earnings

 

 

57.0

 

 

 

43.8

 

Schedule of Equity (Earnings) Loss from Unconsolidated Affiliates

The following table presents equity (earnings) loss from our unconsolidated affiliates for the three months ended March 31, 2024 and 2023:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

WAVE

 

$

(27.4

)

 

$

(20.8

)

Overcast

 

 

0.2

 

 

 

-

 

Equity (earnings) from unconsolidated affiliates, net

 

$

(27.2

)

 

$

(20.8

)