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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Information  
Schedule of segment revenue, profit or loss, significant expenses and other quantitative profit or loss information

Metals Service Centers Segment

Three Months Ended March 31,

2025

   

2024

(in millions)

Revenues

$

3,484.7

$

3,644.8

Less:

Cost of sales (exclusive of depreciation and amortization shown below)

2,451.4

2,516.6

Compensation expense

420.1

413.8

Other segment items(1)

270.6

244.9

Depreciation and amortization expense

68.7

63.6

Interest expense

11.5

9.7

Income tax provision

61.9

92.4

Consolidated net income

$

200.5

$

303.8

Other Segment Disclosures:

Purchases of property, plant and equipment

$

86.9

$

108.7

(1)Other segment items included in Segment net income mainly includes warehousing and delivery related expenses, which include among others, 3rd party freight, gas and oil, utilities & rent, plant supplies, and repairs and maintenance.