Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Results by Business Segment

Results by business segment were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In millions)
NET SALES OF CONTINUING OPERATIONS:
Supply Technologies	$	197.3	$	175.8	$	393.1	$	344.6
Assembly Components1	112.0		95.4		222.4		193.3
Engineered Products	118.8		98.6		236.1		189.6
	$	428.1	$	369.8	$	851.6	$	727.5
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES:
Supply Technologies	$	15.4	$	12.7	$	29.4	$	24.7
Assembly Components1	8.4		(1.4)		15.7		(1.9)
Engineered Products	3.2		7.1		8.2		8.9
Total segment operating income	27.0		18.4		53.3		31.7
Corporate costs	(7.8)		(7.5)		(14.7)		(15.4)
Gains on sales of assets	—		2.9		0.8		2.9
Operating income	19.2		13.8		39.4		19.2
Other components of pension income and other postretirement benefits expense, net	0.6		2.8		1.3		5.6
Interest expense, net	(11.1)		(7.6)		(21.8)		(14.7)
Income from continuing operations before income taxes1	$	8.7	$	9.0	$	18.9	$	10.1

(1) - Our continuing operations exclude the results of our Aluminum Products business unit, which is held-for-sale as of June 30, 2023 and December 31, 2022 and presented in discontinued operations for all periods presented. Aluminum Products was previously included in our Assembly Components segment.