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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 191.5 $ 240.7
Accounts receivable, net of allowances (2025 - $2.2 million; 2024 - $1.5 million) 129.3 90.8
Inventories, net 237.5 219.8
Deferred charges and prepaid expenses 19.9 29.9
Other current assets 1.4 6.1
Total Current Assets 579.6 587.3
Property, plant and equipment, net 543.1 507.3
Operating lease right-of-use assets 15.7 11.7
Pension assets 7.6 5.5
Intangible assets, net 3.1 3.4
Other non-current assets 1.3 1.5
Total Assets 1,150.4 1,116.7
Current Liabilities    
Accounts payable 155.2 119.2
Salaries, wages and benefits 27.6 16.8
Accrued pension and postretirement costs 14.9 66.5
Current operating lease liabilities 5.1 4.8
Current convertible notes, net 0.0 5.4
Government funding liabilities 83.1 53.5
Other current liabilities 19.5 15.3
Total Current Liabilities 305.4 281.5
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 10.6 6.9
Accrued pension and postretirement costs 109.4 110.2
Deferred income taxes 15.1 14.3
Other non-current liabilities 12.2 13.3
Total Liabilities 452.7 426.2
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 846.5 843.9
Retained deficit (39.3) (52.4)
Treasury shares - 2025 - 6.4 million; 2024 - 5.7 million (114.9) (108.7)
Accumulated other comprehensive income (loss) 5.4 7.7
Total Shareholders' Equity 697.7 690.5
Total Liabilities and Shareholders’ Equity $ 1,150.4 $ 1,116.7