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Note 16 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 147,000 |  |  | $ | 226,964 |  |  | $ | 313,564 |  |  | $ | 426,443 |
Carbon flat products |  |  | 326,629 |  |  |  | 370,665 |  |  |  | 636,447 |  |  |  | 750,214 |
Tubular and pipe products |  |  | 95,639 |  |  |  | 111,547 |  |  |  | 192,333 |  |  |  | 228,852 |
Total net sales |  | $ | 569,268 |  |  | $ | 709,176 |  |  | $ | 1,142,344 |  |  | $ | 1,405,509 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 1,023 |  |  | $ | 1,008 |  |  | $ | 2,007 |  |  | $ | 2,013 |
Carbon flat products |  |  | 3,716 |  |  |  | 2,698 |  |  |  | 7,323 |  |  |  | 5,372 |
Tubular and pipe products |  |  | 1,716 |  |  |  | 1,222 |  |  |  | 3,309 |  |  |  | 2,508 |
Corporate |  |  | 18 |  |  |  | 18 |  |  |  | 35 |  |  |  | 35 |
Total depreciation and amortization |  | $ | 6,473 |  |  | $ | 4,946 |  |  | $ | 12,674 |  |  | $ | 9,928 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 6,679 |  |  | $ | 36,473 |  |  | $ | 15,938 |  |  | $ | 70,557 |
Carbon flat products |  |  | 14,695 |  |  |  | 15,618 |  |  |  | 20,641 |  |  |  | 25,493 |
Tubular and pipe products |  |  | 9,371 |  |  |  | 7,300 |  |  |  | 19,112 |  |  |  | 21,882 |
Corporate expenses |  |  | (4,973 | ) |  |  | (5,526 | ) |  |  | (12,196 | ) |  |  | (10,945 | )
Total operating income |  | $ | 25,772 |  |  | $ | 53,865 |  |  | $ | 43,495 |  |  | $ | 106,987 |
Other loss, net |  |  | 28 |  |  |  | 15 |  |  |  | 39 |  |  |  | 21 |
Income before interest and income taxes |  |  | 25,744 |  |  |  | 53,850 |  |  |  | 43,456 |  |  |  | 106,966 |
Interest and other expense on debt |  |  | 4,203 |  |  |  | 2,271 |  |  |  | 8,426 |  |  |  | 4,269 |
Income before income taxes |  | $ | 21,541 |  |  | $ | 51,579 |  |  | $ | 35,030 |  |  | $ | 102,697 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Six Months Ended |
|  | June 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 8,977 |  |  | $ | 8,236 |
Tubular and pipe products |  |  | 6,083 |  |  |  | 1,786 |
Corporate |  |  | 57 |  |  |  | - |
Total capital expenditures |  | $ | 15,117 |  |  | $ | 10,022 |
|  | As of |
|  | June 30, |  |  | December 31, |
(in thouands) |  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 737,819 |  |  | $ | 631,607 |
Tubular and pipe products |  |  | 274,562 |  |  |  | 258,412 |
Corporate |  |  | 1,601 |  |  |  | 1,608 |
Total assets |  | $ | 1,013,982 |  |  | $ | 891,627 |

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