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Reportable Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Reportable and Product Sales Information Segments
Segment Financial Information
 Three Months Ended June 30, 2023
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$152.7 $236.0 $236.7 $298.7 $(16.0)$— $908.1 
Depreciation and amortization expense3.8 8.8 3.6 45.8 — 0.9 62.9 
Operating income (loss) (1) (2)
10.5 49.8 29.1 45.6 — (39.3)95.7 
Three Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$132.9 $102.9 $115.3 $55.4 $(1.7)$— $404.8 
Depreciation and amortization expense4.1 7.4 5.4 4.2 — 0.6 21.7 
Operating income (loss) (1) (2)
9.9 5.7 20.8 12.0 — (18.8)29.6 
Six Months Ended June 30, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateTotal
Sales$276.2 $403.5 $362.9 $417.2 $(20.2)$— $1,439.6 
Depreciation and amortization expense9.4 17.2 12.2 55.7 — 1.7 96.2 
Operating income (loss) (1) (2)
14.8 77.1 50.9 78.7 — (91.2)130.3 
Six Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateTotal
Sales$251.0 $182.2 $222.8 $104.7 $(1.8)$— $758.9 
Depreciation and amortization expense8.2 15.1 9.3 8.5 — 1.1 42.2 
Operating income (loss) (1) (2)
24.0 5.5 37.0 20.3 — (37.1)49.7 
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(1)Restructuring costs for the:
three months ended June 30, 2023 were $5.4 ($3.7 - Corporate, $0.7 - Repair, Service & Leasing, $0.5 - Specialty Products, $0.3 - Cryo Tank Solutions and $0.2 - Heat Transfer Systems).
three months ended June 30, 2022 were $0.2 ($0.1 - Cryo Tank Solutions, $0.1 - Specialty Products)
six months ended June 30, 2023 were $7.0 ($3.7 - Corporate, $1.5 - Repair, Service and Leasing, $1.1 - Cryo Tank Solutions, $0.5 - Specialty Products and $0.2 - Heat Transfer Systems )
six months ended June 30, 2022 were $0.3 ($0.1 - Cryo Tank Solutions, $0.1 - Heat Transfer Systems and 0.1 Specialty Products)
(2)Acquisition-related contingent consideration charges (credits) in our Specialty Products Segment were related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. (“SES”) and BlueInGreen, LLC (“BIG”) and for the:
three months ended June 30, 2023 were $1.1
three months ended June 30, 2022 were $(0.2)
six months ended June 30, 2023 were $(6.5)
six months ended June 30, 2022 were $(1.0)
Sales by Geography
Three Months Ended June 30, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$63.8 $147.7 $81.8 $90.7 $(6.9)$377.1 
Europe, Middle East, Africa and India54.0 30.3 69.2 138.7 (5.7)286.5 
Asia-Pacific33.3 50.7 80.0 58.3 (3.1)219.2 
Rest of the World1.6 7.3 5.7 11.0 (0.3)25.3 
Total$152.7 $236.0 $236.7 $298.7 $(16.0)$908.1 
Three Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$52.4 $75.9 $86.6 $35.9 $(1.1)$249.7 
Europe, Middle East, Africa and India46.9 16.6 21.3 9.2 (0.3)93.7 
Asia-Pacific31.5 9.6 7.4 9.9 (0.3)58.1 
Rest of the World2.1 0.8 — 0.4 — 3.3 
Total$132.9 $102.9 $115.3 $55.4 $(1.7)$404.8 
Six Months Ended June 30, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$127.2 $282.3 $153.9 $146.4 $(9.2)$700.6 
Europe, Middle East, Africa and India96.0 45.8 102.2 174.8 (7.0)411.8 
Asia-Pacific50.6 65.0 100.1 81.3 (3.7)293.3 
Rest of the World2.4 10.4 6.7 14.7 (0.3)33.9 
Total$276.2 $403.5 $362.9 $417.2 $(20.2)$1,439.6 
Six Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$90.3 $129.6 $146.6 $70.5 $(1.2)$435.8 
Europe, Middle East, Africa and India97.6 35.7 56.5 19.3 (0.3)208.8 
Asia-Pacific59.7 15.7 19.6 13.9 (0.3)108.6 
Rest of the World3.4 1.2 0.1 1.0 — 5.7 
Total$251.0 $182.2 $222.8 $104.7 $(1.8)$758.9 
Schedule of Segment Assets
June 30,
2023
December 31,
2022
Cryo Tank Solutions$610.8 $382.0 
Heat Transfer Systems571.1 298.6 
Specialty Products810.4 429.8 
Repair, Service & Leasing840.6 182.1 
Total assets of reportable segments2,832.9 1,292.5 
Goodwill2,827.8 992.0 
Identifiable intangible assets, net2,913.4 535.3 
Corporate526 2,830.7 
Total assets of discontinued operations307.4 — 
Insurance receivable, net of tax— 251.4 
Total$9,407.5 $5,901.9 
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(1)See Note 7, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.