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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue Recognition [Abstract] |
Summary of Disaggregated Revenue | The Company derives substantially all of its revenue from the distribution of metals. The following table shows the Company’s percentage of sales disaggregated by major product line:
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
Product Line |  | 2025 |  |  | 2024 |  | 2025 |  |  | 2024 |
Carbon Steel Flat |  |  | 28 | % |  |  | 30 | % |  | 28 | % |  |  | 29 | %
Carbon Steel Plate |  |  | 10 |  |  |  | 10 |  |  | 9 |  |  |  | 11 |
Carbon Steel Long |  |  | 12 |  |  |  | 13 |  |  | 12 |  |  |  | 13 |
Stainless Steel Flat |  |  | 14 |  |  |  | 14 |  |  | 14 |  |  |  | 14 |
Stainless Steel Plate |  |  | 5 |  |  |  | 5 |  |  | 5 |  |  |  | 5 |
Stainless Steel Long |  |  | 5 |  |  |  | 4 |  |  | 5 |  |  |  | 4 |
Aluminum Flat |  |  | 16 |  |  |  | 16 |  |  | 16 |  |  |  | 16 |
Aluminum Plate |  |  | 3 |  |  |  | 2 |  |  | 4 |  |  |  | 2 |
Aluminum Long |  |  | 6 |  |  |  | 4 |  |  | 6 |  |  |  | 4 |
Other |  |  | 1 |  |  |  | 2 |  |  | 1 |  |  |  | 2 |
Total |  |  | 100 | % |  |  | 100 | % |  | 100 | % |  |  | 100 | %
A significant majority of the Company’s sales are attributable to its U.S. operations. The only sales attributed to foreign countries relate to the Company’s subsidiaries in Canada, China, and Mexico. The following table summarizes consolidated financial information of our operations by geographic location based on where sales originated:
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net Sales | (In millions) |  |  | (In millions) |
United States | $ | 1,052.2 |  |  | $ | 1,107.3 |  |  | $ | 2,077.3 |  |  | $ | 2,232.6 |
Foreign countries |  | 117.1 |  |  |  | 118.2 |  |  |  | 227.7 |  |  |  | 232.1 |
Total | $ | 1,169.3 |  |  | $ | 1,225.5 |  |  | $ | 2,305.0 |  |  | $ | 2,464.7 |
Revenue is recognized either at a point in time or over time based on (1) if the contract has an enforceable right to payment and (2) the type of product that is being sold to the customer, with products that are determined to have no alternative use being recognized over time. The following table summarizes revenues by the type of item sold:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Timing of Revenue Recognition |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenue on products with an alternative use |  |  | 86 | % |  |  | 86 | % |  |  | 86 | % |  |  | 86 | %
Revenue on products with no alternative use |  |  | 14 |  |  |  | 14 |  |  |  | 14 |  |  |  | 14 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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