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Business Segments and Geographic Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of segment information | The following table presents information about the Company's single segment for the three months ended March 31, 2025 and 2024.
|  |  | Three months ended March 31,
|  |  |  |  | 2025 |  | 2024
Net sales |  |  |  |  | $ | 633.9 |  |  | $ | 489.5 |
Segment Cost of goods sold(1),(2) |  |  |  |  | (574.8) |  |  | (469.5) |
IRA Credit(1),(3) |  |  |  |  | 19.9 |  |  | 11.9 |
Lower of cost or NRV inventory adjustment(1),(4) |  |  |  |  | 3.1 |  |  | 5.6 |
Property and equipment expense(1),(5) |  |  |  |  | (21.5) |  |  | (21.0) |
Selling, general and administrative expenses |  |  |  |  | (12.5) |  |  | (14.1) |
Other operating expense - net |  |  |  |  | (2.0) |  |  | (0.5) |
Interest expense - affiliates |  |  |  |  | (1.8) |  |  | (1.8) |
Interest expenses - nonaffiliates |  |  |  |  | (10.0) |  |  | (7.4) |
Interest income |  |  |  |  | 1.8 |  |  | 0.7 |
Net gain (loss) on forward and derivative contracts - nonaffiliates |  |  |  |  | (5.4) |  |  | 3.4 |
Net gain (loss) on forward and derivative contracts - affiliates |  |  |  |  | — |  |  | 4.0 |
Bargain purchase gain |  |  |  |  | — |  |  | 245.9 |
Other income (loss) - net |  |  |  |  | (3.4) |  |  | (1.5) |
Income tax expense |  |  |  |  | (1.6) |  |  | (0.5) |
Net income |  |  |  |  | $ | 25.7 |  |  | $ | 244.7 |
(1)Indicates a component of Cost of goods sold. (2)Includes raw materials, labor, energy, freight costs, FIFO inventory adjustments and other direct cost of goods sold. (3)Advanced production credit related to Section 45X of the IRA. (4)Includes inventory revaluation to lower of cost or net realizable value and changes in inventory reserve. (5)Represents the depreciation expenses and expenses related to leased assets that are directly related the cost of goods sold. Depreciation expense is also a component of Selling, general and administrative expenses.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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