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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 180.3 $ 240.7
Accounts receivable, net of allowances (2025 - $2.0 million; 2024 - $1.7 million) 125.7 90.8
Inventories, net 230.6 219.8
Deferred charges and prepaid expenses 27.4 29.9
Other current assets 4.4 6.1
Total Current Assets 568.4 587.3
Property, plant and equipment, net 510.7 507.3
Operating lease right-of-use assets 10.1 11.7
Pension assets 7.5 5.5
Intangible assets, net 3.3 3.4
Other non-current assets 1.5 1.5
Total Assets 1,101.5 1,116.7
Current Liabilities    
Accounts payable 143.3 119.2
Salaries, wages and benefits 19.9 16.8
Accrued pension and postretirement costs 25.4 66.5
Current operating lease liabilities 4.1 4.8
Current convertible notes, net 5.4 5.4
Government funding liabilities 66.4 53.5
Other current liabilities 15.6 15.3
Total Current Liabilities 280.1 281.5
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 6.1 6.9
Accrued pension and postretirement costs 102.2 110.2
Deferred income taxes 14.3 14.3
Other non-current liabilities 12.7 13.3
Total Liabilities 415.4 426.2
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2025 - 48.2 million shares and 2024 - 48.2 million shares 0.0 0.0
Additional paid-in capital 839.6 843.9
Retained deficit (51.1) (52.4)
Treasury shares - 2025 - 6.0 million; 2024 - 5.9 million (109.2) (108.7)
Accumulated other comprehensive income (loss) 6.8 7.7
Total Shareholders' Equity 686.1 690.5
Total Liabilities and Shareholders’ Equity $ 1,101.5 $ 1,116.7