| | | | | | | | | | | | | | | | Third Quarter Ended | | Nine Months Ended | | | | September 29, | | September 24, | | September 29, | | September 24, | | | | 2024 | | 2023 | | 2024 | | 2023 | | | | | (in millions) | | Net sales | | | | | | | | | | | | | | Americas | | $ | 400.0 | | $ | 351.0 | | $ | 1,266.9 | | $ | 1,041.1 | | Europe | | | 107.3 | | | 120.2 | | | 344.7 | | | 384.1 | | APMEA | | | 36.3 | | | 33.1 | | | 100.2 | | | 83.6 | | Consolidated net sales | | $ | 543.6 | | $ | 504.3 | | $ | 1,711.8 | | $ | 1,508.8 | | Operating income (loss) | | | | | | | | | | | | | | Americas | | $ | 90.6 | | $ | 85.7 | | $ | 284.3 | | $ | 249.8 | | Europe | | | 8.7 | | | 12.5 | | | 40.6 | | | 53.2 | | APMEA | | | 6.7 | | | 5.4 | | | 18.2 | | | 11.9 | | Subtotal reportable segments | | | 106.0 | | | 103.6 | | | 343.1 | | | 314.9 | | Corporate(*) | | | (12.8) | | | (16.5) | | | (41.7) | | | (42.7) | | Consolidated operating income | | | 93.2 | | | 87.1 | | | 301.4 | | | 272.2 | | Interest income | | | (2.1) | | | (2.3) | | | (6.1) | | | (4.0) | | Interest expense | | | 3.6 | | | 1.2 | | | 11.9 | | | 4.4 | | Other income, net | | | (0.6) | | | 0.1 | | | (1.4) | | | (0.4) | | Income before income taxes | | $ | 92.3 | | $ | 88.1 | | $ | 297.0 | | $ | 272.2 | | Capital expenditures | | | | | | | | | | | | | | Americas | | $ | 4.1 | | $ | 5.4 | | $ | 15.2 | | $ | 13.5 | | Europe | | | 2.0 | | | 1.7 | | | 7.0 | | | 4.8 | | APMEA | | | 0.3 | | | 0.3 | | | 1.1 | | | 0.7 | | Consolidated capital expenditures | | $ | 6.4 | | $ | 7.4 | | $ | 23.3 | | $ | 19.0 | | Depreciation and amortization | | | | | | | | | | | | | | Americas | | $ | 11.2 | | $ | 7.5 | | $ | 32.3 | | $ | 22.0 | | Europe | | | 2.3 | | | 2.4 | | | 6.8 | | | 7.1 | | APMEA | | | 0.5 | | | 0.6 | | | 1.7 | | | 1.7 | | Consolidated depreciation and amortization | | $ | 14.0 | | $ | 10.5 | | $ | 40.8 | | $ | 30.8 | | | | | | | | | | | | | | | | | | | | | | | | September 29, | | December 31, | | | | | | | | | | 2024 | | 2023 | | | | | | | | | | | (in millions) | | Identifiable assets (at end of period) | | | | | | | | | | | | | | Americas | | | | | | | | $ | 1,674.0 | | $ | 1,605.7 | | Europe | | | | | | | | | 584.7 | | | 569.1 | | APMEA | | | | | | | | | 140.4 | | | 134.6 | | Consolidated identifiable assets | | | | | | | | $ | 2,399.1 | | $ | 2,309.4 | | Property, plant and equipment, net (at end of period) | | | | | | | | | | | | | | Americas | | | | | | | | $ | 178.9 | | $ | 174.0 | | Europe | | | | | | | | | 71.5 | | | 69.9 | | APMEA | | | | | | | | | 4.7 | | | 4.3 | | Consolidated property, plant and equipment, net | | | | | | | | $ | 255.1 | | $ | 248.2 | |
* Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.
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