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Note 15 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
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) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 130,873 |  |  | $ | 147,000 |  |  | $ | 260,407 |  |  | $ | 313,564 |
Carbon flat products |  |  | 307,755 |  |  |  | 326,629 |  |  |  | 608,730 |  |  |  | 636,447 |
Tubular and pipe products |  |  | 87,622 |  |  |  | 95,639 |  |  |  | 183,755 |  |  |  | 192,333 |
Total net sales |  | $ | 526,250 |  |  | $ | 569,268 |  |  | $ | 1,052,892 |  |  | $ | 1,142,344 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 929 |  |  | $ | 1,023 |  |  | $ | 1,917 |  |  | $ | 2,007 |
Carbon flat products |  |  | 4,112 |  |  |  | 3,716 |  |  |  | 8,193 |  |  |  | 7,323 |
Tubular and pipe products |  |  | 2,168 |  |  |  | 1,716 |  |  |  | 4,416 |  |  |  | 3,309 |
Corporate |  |  | 18 |  |  |  | 18 |  |  |  | 35 |  |  |  | 35 |
Total depreciation and amortization |  | $ | 7,227 |  |  | $ | 6,473 |  |  | $ | 14,561 |  |  | $ | 12,674 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty metals flat products |  | $ | 7,849 |  |  | $ | 6,679 |  |  | $ | 11,780 |  |  | $ | 15,938 |
Carbon flat products |  |  | 5,361 |  |  |  | 14,695 |  |  |  | 14,018 |  |  |  | 20,641 |
Tubular and pipe products |  |  | 6,497 |  |  |  | 9,371 |  |  |  | 14,124 |  |  |  | 19,112 |
Corporate expenses |  |  | (4,597 | ) |  |  | (4,973 | ) |  |  | (8,874 | ) |  |  | (12,196 | )
Total operating income |  | $ | 15,110 |  |  | $ | 25,772 |  |  | $ | 31,048 |  |  | $ | 43,495 |
Other loss, net |  |  | 21 |  |  |  | 28 |  |  |  | 40 |  |  |  | 39 |
Income before interest and income taxes |  |  | 15,089 |  |  |  | 25,744 |  |  |  | 31,008 |  |  |  | 43,456 |
Interest and other expense on debt |  |  | 4,393 |  |  |  | 4,203 |  |  |  | 8,403 |  |  |  | 8,426 |
Income before income taxes |  | $ | 10,696 |  |  | $ | 21,541 |  |  | $ | 22,605 |  |  | $ | 35,030 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Six Months Ended |
|  | June 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 10,159 |  |  | $ | 8,977 |
Tubular and pipe products |  |  | 3,082 |  |  |  | 6,083 |
Corporate |  |  | - |  |  |  | 57 |
Total capital expenditures |  | $ | 13,241 |  |  | $ | 15,117 |
|  | As of |
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 665,840 |  |  | $ | 649,744 |
Tubular and pipe products |  |  | 339,175 |  |  |  | 333,677 |
Corporate |  |  | 1,281 |  |  |  | 1,414 |
Total assets |  | $ | 1,006,296 |  |  | $ | 984,835 |

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