Management believes that removing the impact of raw material surcharge from operating margin provides a more consistent basis for comparing results of operations from period to period, thereby permitting management to evaluate performance and investors to make decisions based on the ongoing operations of the Company. In addition, management believes that excluding the impact of special items from operating margin is helpful in analyzing the operating performance of the Company, as these items are not indicative of ongoing operating performance. Management uses its results excluding these amounts to evaluate its operating performance and to discuss its business with investment institutions, the Company’s board of directors and others.

ADJUSTED EARNINGS PER SHARE EXCLUDING SPECIAL ITEM		Income Before Income Taxes			Income Tax Expense				Net Income			Earnings Per Diluted Share*
Three Months Ended March 31, 2023, as reported		$	24.0		$	(5.4	)		$	18.6		$	0.38
Special item:
None reported			—			—				—			—
Three Months Ended March 31, 2023, as adjusted		$	24.0		$	(5.4	)		$	18.6		$	0.38
* Impact per diluted share calculated using weighted average common shares outstanding of 49.2 million for the three months ended March 31, 2023.

ADJUSTED LOSS PER SHARE EXCLUDING SPECIAL ITEMS		Loss Before Income Taxes				Income Tax Benefit				Net Loss				Loss Per Diluted Share*
Three Months Ended March 31, 2022, as reported		$	(8.3	)		$	0.8			$	(7.5	)		$	(0.16	)
Special items:
COVID-19 costs			2.0				(0.4	)			1.6				0.03
Acquisition-related contingent liability release			(4.7	)			1.1				(3.6	)			(0.07	)
Three Months Ended March 31, 2022, as adjusted		$	(11.0	)		$	1.5			$	(9.5	)		$	(0.20	)
* Impact per diluted share calculated using weighted average common shares outstanding of 48.6 million for the three months ended March 31, 2022.

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