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Note 16 - Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 132,763 |  |  | $ | 188,301 |  |  | $ | 446,327 |  |  | $ | 614,744 |
Carbon flat products |  |  | 304,478 |  |  |  | 336,259 |  |  |  | 940,925 |  |  |  | 1,086,473 |
Tubular and pipe products |  |  | 89,170 |  |  |  | 109,877 |  |  |  | 281,503 |  |  |  | 338,729 |
Total net sales |  | $ | 526,411 |  |  | $ | 634,437 |  |  | $ | 1,668,755 |  |  | $ | 2,039,946 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 871 |  |  | $ | 1,024 |  |  | $ | 2,878 |  |  | $ | 3,037 |
Carbon flat products |  |  | 3,568 |  |  |  | 2,513 |  |  |  | 10,891 |  |  |  | 7,885 |
Tubular and pipe products |  |  | 1,729 |  |  |  | 1,112 |  |  |  | 5,038 |  |  |  | 3,620 |
Corporate |  |  | 17 |  |  |  | 17 |  |  |  | 52 |  |  |  | 52 |
Total depreciation and amortization |  | $ | 6,185 |  |  | $ | 4,666 |  |  | $ | 18,859 |  |  | $ | 14,594 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 4,668 |  |  | $ | 15,072 |  |  | $ | 20,606 |  |  | $ | 85,629 |
Carbon flat products |  |  | 9,949 |  |  |  | 1,732 |  |  |  | 30,590 |  |  |  | 27,225 |
Tubular and pipe products |  |  | 10,033 |  |  |  | 7,095 |  |  |  | 29,145 |  |  |  | 28,977 |
Corporate expenses |  |  | (3,765 | ) |  |  | (4,813 | ) |  |  | (15,961 | ) |  |  | (15,758 | )
Total operating income |  | $ | 20,885 |  |  | $ | 19,086 |  |  | $ | 64,380 |  |  | $ | 126,073 |
Other loss, net |  |  | 28 |  |  |  | 17 |  |  |  | 67 |  |  |  | 38 |
Income before interest and income taxes |  |  | 20,857 |  |  |  | 19,069 |  |  |  | 64,313 |  |  |  | 126,035 |
Interest and other expense on debt |  |  | 3,953 |  |  |  | 3,007 |  |  |  | 12,379 |  |  |  | 7,276 |
Income before income taxes |  | $ | 16,904 |  |  | $ | 16,062 |  |  | $ | 51,934 |  |  | $ | 118,759 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Nine Months Ended |
|  | September 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 12,711 |  |  | $ | 11,063 |
Tubular and pipe products |  |  | 6,593 |  |  |  | 2,900 |
Corporate |  |  | 260 |  |  |  | - |
Total capital expenditures |  | $ | 19,564 |  |  | $ | 13,963 |
|  | As of |
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 708,766 |  |  | $ | 631,607 |
Tubular and pipe products |  |  | 282,300 |  |  |  | 258,412 |
Corporate |  |  | 1,740 |  |  |  | 1,608 |
Total assets |  | $ | 992,806 |  |  | $ | 891,627 |

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