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...The Company’s ownership and operational structure through September 30, 2025 were the result of (i) certain mergers with affiliates of Brookfield completed on September 30, 2019 (the “Mergers”) and the subsequent restructuring completed on October 1, 2019 in connection with the Mergers (the “2019 Restructuring”), (ii) the restructuring completed...

...Inventory write offs due to restructuring are reported in Cost of sales and all other restructuring charges are reported as Restructuring expenses in the Statements of Income. In the third quarter of 2022, the Company implemented a restructuring plan (the “2022/2023 restructuring plan”) to optimize the overall cost structure...

...Inventory write offs due to restructuring are reported in Cost of sales and all other restructuring charges are reported as Restructuring expenses in the Statements of Income. In the third quarter of 2022, the Company implemented a restructuring plan (the “2022/2023 restructuring plan”) to optimize the overall cost structure...

...Restructuring and Asset Related Charges We engage in restructuring activities focused on improving productivity and operating margins. Restructuring costs primarily relate to costs associated with workforce reductions, plant consolidations and closures, and changes to the management structure to align with our operations. Other restructuring associated costs, primarily consist of equipment...

...Gross profit margin improved 200 basis points to 35.4%, primarily due to favorable pricing, lower restructuring and restructuring-related charges and business acquisition, disposition, and integration costs, and productivity improvements, partially offset by cost inflation. Advanced Process Solutions gross profit included restructuring and restructuring-related charges ($4.4 in...

...In addition to restructuring costs, the Company incurs incremental manufacturing inefficiency costs at the operating locations impacted by the restructuring actions during the related restructuring implementation period. Restructuring costs are recognized in the Company’s condensed consolidated financial statements in accordance with GAAP. Generally, charges are recorded when restructuring actions...

...The Company’s ownership and operational structure through March 31, 2025 were the result of (i) certain mergers with affiliates of Brookfield completed on September 30, 2019 (the “Mergers”) and the subsequent restructuring completed on October 1, 2019 in connection with the Mergers (the “2019 Restructuring”), (ii) the restructuring completed...

...The Company’s ownership and operational structure through March 31, 2025 were the result of (i) certain mergers with affiliates of Brookfield completed on September 30, 2019 (the “Mergers”) and the subsequent restructuring completed on October 1, 2019 in connection with the Mergers (the “2019 Restructuring”), (ii) the restructuring completed...

...Restructuring and Asset-Related Charges We engage in restructuring activities focused on improving productivity and operating margins. Restructuring costs primarily relate to costs associated with workforce reductions, plant consolidations and closures, and changes to the management structure to align with our operations. Other restructuring associated costs primarily consist of equipment...

...Beginning Accrued Restructuring Balance 1/1/22 Pre-tax Restructuring Costs Utilization and Foreign Exchange Ending Accrued Restructuring Balance 3/31/2022 2022 Restructuring Actions Severance $ - $ 1.6 $ - $ 1.6 Asset write-downs - - - - Facility closure and other costs - - - - Total 2022 Restructuring Actions $ - $ 1.6 $ - $ 1.6 2021 and Prior Restructuring...

...NOTE 5 - RESTRUCTURING AND ASSET RELATED CHARGES - NET Charges for restructuring programs and other asset related charges, which include asset impairments, are recorded in "Restructuring and asset related charges - net" in the consolidated statements of income. For additional information on the Company's 2023 Restructuring Program and other asset related...

...IMPAIRMENT, RESTRUCTURING AND OTHER Activity described herein is classified within the “Cost of sales-impairment, restructuring and other,” “Impairment, restructuring and other” and “Income (loss) from discontinued operations, net of tax” lines in the Condensed Consolidated Statements of Operations. The following table details impairment, restructuring and other charges (recoveries) for...

...Beginning Accrued Restructuring Balance 1/1/21 Pre-tax Restructuring Costs Utilization and Foreign Exchange Ending Accrued Restructuring Balance 6/30/2021 2021 Restructuring Actions Severance $ - $ 0.3 $ ( 0.2 ) $ 0.1 Asset write-downs - - - - Facility closure and other costs - - - - Total 2021 Restructuring Actions $ - $ 0.3 $ ( 0.2 ) $ 0.1...

...RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS As of March 31, 2024 and December 31, 2023 , accrued restructuring costs by type of cost consisted of the following (dollars in millions): Workforce reductions Other restructuring costs Total Accrued liabilities as of January 1, 2024 $ 27 $ - $ 27 Charges 6 2 8 Payments ( 15...

...Restructuring 2023 Restructuring Plan In July 2023, the Company initiated the restructuring plan ("2023 Restructuring Plan," and together with the 2024 Restructuring Plan, "Restructuring Plans") as part of its efforts to reduce costs to better align the Company's operational needs with lower tower activity. The 2023 Restructuring Plan included...

...Restructuring 2023 Restructuring Plan In July 2023, the Company initiated the restructuring plan ("2023 Restructuring Plan," and together with the 2024 Restructuring Plan, "Restructuring Plans") as part of its efforts to reduce costs to better align the Company's operational needs with lower tower activity. The 2023 Restructuring Plan included...

...Project Momentum restructuring and related costs since inception are $198.2. Refer to Note 4, Restructuring, to the Consolidated (Condensed) Financial Statements for additional discussion on the Company's restructuring costs. Although the Company's Project Momentum restructuring costs are recorded outside of segment profit, if allocated to our reportable...

...In February 2022, we announced a restructuring plan to, among other things, reduce certain fixed costs in our business, and in May 2024, we announced a new restructuring plan to expand upon the 2022 restructuring plan (as expanded, the “2024 Restructuring Plan”). We also continue to take actions intended to...

...This increase was primarily driven by incremental price, higher sales volume, productivity, cost savings from prior restructuring actions and lower restructuring charges, partially offset by inflation, investments, and the return of expenses related to business normalization. The lower restructuring charges were due to a $18 million pre-tax restructuring charge...

...Share-based payments and certain restructuring and other costs are recorded in corporate expenses. (2) The restructuring and other costs line item in this reconciliation excludes those restructuring and other costs related to corporate functions, which are included within the Corporate expenses line item. (3) Other reconciling items includes Loss...