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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment activity is as follows (dollars in thousands):

						Packaging						Aerospace						Specialty Products						Total
Three Months Ended September 30, 2025
Net sales						$	135,700					$	103,240					$	30,320					$	269,260
Cost of sales						(104,980)						(71,800)						(26,570)
Selling, general and administrative expenses						(14,440)						(11,070)						(1,310)
Other segment items (a)						10						(170)						(70)
Segment operating profit						$	16,290					$	20,200					$	2,370					$	38,860
Corporate (b)																								(22,270)
Interest expense																								(4,370)
Other income (expense), net																								(100)
Income before income tax expense																								$	12,120
Three Months Ended September 30, 2024
Net sales						$	130,240					$	70,830					$	28,290					$	229,360
Cost of sales						(99,240)						(54,330)						(24,070)
Selling, general and administrative expenses						(14,190)						(10,180)						(1,840)
Other segment items (a)						1,120						(10)						(90)
Segment operating profit						$	17,930					$	6,310					$	2,290					$	26,530
Corporate (c)																								(18,250)
Interest expense																								(4,860)
Other income (expense), net																								(30)
Income before income tax expense																								$	3,390
Nine Months Ended September 30, 2025
Net sales						$	406,280					$	295,460					$	83,950					$	785,690
Cost of sales						(308,550)						(208,050)						(76,430)
Selling, general and administrative expenses						(44,190)						(31,830)						(4,970)
Other segment items (a)						(20)						(170)						(70)
Segment operating profit						$	53,520					$	55,410					$	2,480					$	111,410
Corporate (d)																								(45,910)
Interest expense																								(13,440)
Other income (expense), net																								(430)
Income before income tax expense																								$	51,630

						Packaging						Aerospace						Specialty Products						Total
Nine Months Ended September 30, 2024
Net sales						$	389,190					$	215,890					$	91,880					$	696,960
Cost of sales						(293,820)						(164,550)						(80,170)
Selling, general and administrative expenses						(43,430)						(27,480)						(6,140)
Other segment items (a)						1,120						10						(90)
Segment operating profit						$	53,060					$	23,870					$	5,480					$	82,410
Corporate (e)																								(43,840)
Interest expense																								(15,010)
Other income (expense), net																								(310)
Income before income tax expense																								$	23,250

__________________________

(a) Other segment items for each reportable segment includes net gain (loss) on dispositions of assets.

(b) Includes $8.0 million of asbestos-related costs, $1.9 million of system implementation costs, and $0.5 million of realignment, severance and consulting costs.

(c) Includes $5.5 million of asbestos-related costs, $1.8 million of system implementation costs, $1.8 million of environmental remediation costs, $0.8 million of mergers, acquisition, diligence and transaction costs, and $0.8 million of consulting costs.

(d) Includes $8.0 million of asbestos-related costs, $7.5 million of realignment, severance and consulting costs, a $5.4 million gain on the sale of Arrow Engine, $4.3 million of system implementation costs and $0.4 million of mergers, acquisition, diligence and transaction costs.

(e) Includes $5.5 million of asbestos-related costs, $3.6 million of system implementation costs, $3.0 million of mergers, acquisition, diligence and transaction costs, $2.5 million of environmental remediation costs, and $1.5 million of consulting costs.

						Three months ended September 30,												Nine months ended September 30,
						2025						2024						2025						2024
Capital expenditures
Packaging						$	6,460					$	7,710					$	22,550					$	23,540
Aerospace						4,750						2,430						12,160						5,090
Specialty Products						990						1,100						4,850						5,460
Corporate						1,470						630						4,090						1,890
Total						$	13,670					$	11,870					$	43,650					$	35,980
Depreciation and amortization
Packaging						$	9,060					$	8,640					$	26,100					$	25,750
Aerospace						4,670						4,460						14,000						13,610
Specialty Products						690						1,000						2,340						3,080
Corporate						100						50						270						140
Total						$	14,520					$	14,150					$	42,710					$	42,580

						September 30, 2025						December 31, 2024
Total Assets
Packaging						$	868,800					$	811,190
Aerospace						451,220						390,980
Specialty Products						78,840						89,210
Corporate						35,020						32,800
Total						$	1,433,880					$	1,324,180

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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No definition available.

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