v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating costs and expenses:      
Cost of sales $ 1,332.2 $ 1,263.4 $ 1,111.1
Operating profit 424.2 355.8 250.4
Other income (expense):      
Interest income 11.2 5.5 5.1
Interest expense (11.3) (27.2) (22.7)
Miscellaneous income, net 8.7 4.4 0.3
Total other income (expense), net 8.6 (17.3) (17.3)
Income from continuing operations before income taxes 432.8 338.5 233.1
Effective Tax Rate 101.1 70.3 57.2
Net income from continuing operations attributable to common shareholders 331.7 268.2 175.9
Income from discontinued operations, net of tax (Note 3) 34.9 26.5 80.0
Net income from continuing operations attributable to common shareholders $ 366.6 $ 294.7 $ 255.9
Earnings Per Share      
Earnings per basic share from continuing operations (in dollars per share) $ 5.77 $ 4.69 $ 3.10
Earnings per basic share from discontinued operations (in dollars per share) 0.61 0.46 1.41
Basic earnings per share (in dollars per share) 6.38 5.15 4.51
Earnings per diluted share from continuing operations (in dollars per share) 5.66 4.60 3.06
Earnings per diluted share from discontinued operations (in dollars per share) 0.60 0.45 1.39
Diluted earnings per share (in dollars per share) $ 6.26 $ 5.05 $ 4.45
Average shares outstanding:      
Weighted average basic shares outstanding (in shares) 57.5 57.2 56.7
Weighted average diluted shares outstanding (in shares) 58.6 58.3 57.5
Net sales $ 2,305.0 $ 2,131.2 $ 1,862.1
Engineering, Selling, General And Administrative Expense $ 548.6 $ 512.0 $ 500.6