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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following table provides the major sources of revenue by end-market sector for the three months ended March 31, 2025 and 2024:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Industrial

 

$

101.7

 

 

$

118.9

 

Automotive

 

 

113.2

 

 

 

122.9

 

Aerospace & Defense

 

 

32.5

 

 

 

46.3

 

Energy

 

 

28.7

 

 

 

28.0

 

Other (1)

 

 

4.4

 

 

 

5.5

 

Total Net Sales

 

$

280.5

 

 

$

321.6

 

 

(1) “Other” sales by end-market includes the Company’s scrap sales.

The following table provides the major sources of revenue by product type for the three months ended March 31, 2025 and 2024:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Bar

 

$

166.0

 

 

$

193.9

 

Tube

 

 

31.4

 

 

 

47.8

 

Manufactured components

 

 

78.7

 

 

 

74.4

 

Other (2)

 

 

4.4

 

 

 

5.5

 

Total Net Sales

 

$

280.5

 

 

$

321.6

 

(2) “Other” sales by product type relates to the Company’s scrap sales.