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v3.25.3

Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of segment information | The following table presents information about the Company's single segment for the three and nine months ended September 30, 2025 and 2024.
| Three months ended September 30, |  | Nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net sales | $ | 632.2 |  |  | $ | 539.1 |  |  | $ | 1,894.2 |  |  | $ | 1,589.4 |
Segment Cost of goods sold(1),(2) | (557.6) |  |  | (480.9) |  |  | (1,723.2) |  |  | (1,482.4) |
IRA Credit(1),(3) | 24.7 |  |  | 47.4 |  |  | 66.5 |  |  | 70.0 |
Lower of cost or NRV inventory adjustment(1),(4) | (0.7) |  |  | — |  |  | 1.2 |  |  | 7.3 |
Property and equipment expense(1),(5) | (21.3) |  |  | (23.8) |  |  | (64.6) |  |  | (65.6) |
Selling, general and administrative expenses | (17.9) |  |  | (15.6) |  |  | (44.4) |  |  | (42.0) |
Other operating expenses - net | (1.1) |  |  | (2.4) |  |  | (4.6) |  |  | (4.6) |
Interest expense - nonaffiliates | (11.5) |  |  | (10.1) |  |  | (31.3) |  |  | (26.3) |
Interest expense - affiliates | (1.5) |  |  | (1.8) |  |  | (5.2) |  |  | (5.1) |
Interest income | 2.8 |  |  | 0.4 |  |  | 6.5 |  |  | 1.7 |
Net loss on forward and derivative contracts - nonaffiliates | (30.2) |  |  | (2.8) |  |  | (51.2) |  |  | (4.3) |
Net (loss) gain on forward and derivative contracts - affiliates | — |  |  | (1.2) |  |  | — |  |  | 3.7 |
Loss on early extinguishment of debt | (6.2) |  |  | — |  |  | (6.2) |  |  | — |
Bargain purchase gain | — |  |  | — |  |  | — |  |  | 245.9 |
Other loss - net | (2.2) |  |  | (4.0) |  |  | (11.3) |  |  | (4.4) |
Income tax benefit (expense) | 1.1 |  |  | (2.0) |  |  | 0.8 |  |  | (3.0) |
Net income | $ | 10.6 |  |  | $ | 42.3 |  |  | $ | 27.2 |  |  | $ | 280.3 |
(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 to the cost of goods sold.

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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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- References No definition available. + Details
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