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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 17.2 $ 18.4 [1]
Receivables:    
Trade receivables, net 388.9 319.7 [1],[2]
Other 32.3 22.2 [1]
Contract assets 54.0 73.4 [1]
Inventories 702.3 601.9 [1],[2]
Prepaid expenses and other current assets 49.5 39.0 [1]
Total current assets 1,244.2 1,074.6 [1]
Property, plant and equipment, net 1,199.8 1,161.2 [1],[2]
Operating lease assets 24.1 27.2 [1]
Deferred tax assets, net 1.4 4.0 [1]
Intangible assets, net 42.1 45.5 [1]
Goodwill 18.8 18.8 [1]
Other assets 61.7 78.6 [1],[2]
Total assets 2,592.1 2,409.9 [1]
Current liabilities:    
Accounts payable 392.8 266.9 [1]
Accrued salaries, wages and related expenses 58.4 54.3 [1]
Other accrued liabilities 49.5 79.3 [1],[2]
Total current liabilities 500.7 400.5 [1]
Long-term portion of operating lease liabilities 22.8 25.2 [1]
Pension and OPEB 70.6 71.4 [1]
Deferred tax liabilities 64.6 44.1 [1]
Long-term liabilities 84.4 84.0 [1],[2]
Long-term debt, net 1,042.9 1,041.6 [1]
Total liabilities 1,786.0 1,666.8 [1]
Commitments and contingencies - Note 7
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2025 and December 31, 2024; no shares were issued and outstanding at September 30, 2025 and December 31, 2024 0.0 0.0 [1]
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2025 and December 31, 2024; 23,041,541 shares issued and 16,206,255 shares outstanding at September 30, 2025; 22,931,184 shares issued and 16,095,898 shares outstanding at December 31, 2024 0.2 0.2 [1]
Additional paid in capital 1,128.0 1,117.0 [1]
Retained earnings 127.1 81.3 [1]
Treasury stock, at cost, 6,835,286 shares at both September 30, 2025 and December 31, 2024 (475.9) (475.9) [1]
AOCI 26.7 20.5 [1]
Total stockholders’ equity 806.1 743.1 [1],[3]
Total liabilities and stockholders' equity $ 2,592.1 $ 2,409.9 [1]
[1] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[2] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.
[3] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.