Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Reportable Segment Information

The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:


(Dollars in millions)	Advanced Electronics Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended March 31, 2024
Net sales - recognized over time	$	46.4	$	1.8	$	5.4	$	53.6
Net sales - recognized at a point in time	75.7		83.9		0.2		159.8
Total net sales	$	122.1	$	85.7	$	5.6	$	213.4
Operating income	$	4.4	$	5.3	$	2.0	$	11.7

Three Months Ended March 31, 2023
Net sales - recognized over time	$	62.4	$	9.0	$	3.9	$	75.3
Net sales - recognized at a point in time	73.5		93.2		1.8		168.5
Total net sales	$	135.9	$	102.2	$	5.7	$	243.8
Operating income	$	(5.5)	$	3.2	$	2.0	$	(0.3)

Net sales by operating segment and by geographic area were as follows:


(Dollars in millions)	Net Sales(1)
Region/Country	Advanced Electronics Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended March 31, 2024
United States	$	20.4	$	33.1	$	1.0	$	54.5
Other Americas	0.6		3.9		0.1		4.6
Total Americas	21.0		37.0		1.1		59.1
China	34.3		20.4		1.6		56.3
Other APAC	23.7		6.6		1.1		31.4
Total APAC	58.0		27.0		2.7		87.7
Germany	21.9		7.9		0.2		30.0
Other EMEA	21.2		13.8		1.6		36.6
Total EMEA	43.1		21.7		1.8		66.6
Total net sales	$	122.1	$	85.7	$	5.6	$	213.4
Three Months Ended March 31, 2023
United States	$	21.5	$	41.9	$	1.1	$	64.5
Other Americas	2.4		9.2		0.1		11.7
Total Americas	23.9		51.1		1.2		76.2
China	38.4		20.2		2.4		61.0
Other APAC	24.9		7.0		0.5		32.4
Total APAC	63.3		27.2		2.9		93.4
Germany	24.0		8.0		0.1		32.1
Other EMEA	24.7		15.9		1.5		42.1
Total EMEA	48.7		23.9		1.6		74.2
Total net sales	$	135.9	$	102.2	$	5.7	$	243.8

(1)Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.

Contract assets by operating segment were as follows:


(Dollars in millions)	March 31, 2024		December 31, 2023
Advanced Electronics Solutions	$	35.6	$	41.4
Elastomeric Material Solutions	0.7		0.4
Other	4.0		3.4
Total contract assets	$	40.3	$	45.2