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Note 17 - Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the Year Ended December 31, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 496,854 |  |  | $ | 1,109,100 |  |  | $ | 335,718 |  |  | $ | - |  |  | $ | 1,941,672 |
Cost of materials sold |  |  | 406,229 |  |  |  | 864,590 |  |  |  | 219,672 |  |  |  | - |  |  |  | 1,490,491 |
Operating expenses |  |  | 66,978 |  |  |  | 210,666 |  |  |  | 78,525 |  |  |  | 17,023 |  |  |  | 373,192 |
Depreciation |  |  | 2,863 |  |  |  | 14,679 |  |  |  | 6,936 |  |  |  | 70 |  |  |  | 24,548 |
Amortization |  |  | 1,056 |  |  |  | 2,750 |  |  |  | 1,776 |  |  |  | - |  |  |  | 5,582 |
Operating income |  | $ | 19,728 |  |  | $ | 16,415 |  |  | $ | 28,809 |  |  | $ | (17,093 | ) |  | $ | 47,859 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 93 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,461 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 31,305 |
|  | For the Year Ended December 31, 2023 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 567,728 |  |  | $ | 1,221,093 |  |  | $ | 369,342 |  |  | $ | - |  |  | $ | 2,158,163 |
Cost of materials sold |  |  | 473,784 |  |  |  | 963,667 |  |  |  | 247,212 |  |  |  | - |  |  |  | 1,684,663 |
Operating expenses |  |  | 67,131 |  |  |  | 208,082 |  |  |  | 73,756 |  |  |  | 20,417 |  |  |  | 369,386 |
Depreciation |  |  | 2,868 |  |  |  | 12,147 |  |  |  | 6,460 |  |  |  | 70 |  |  |  | 21,545 |
Amortization |  |  | 1,061 |  |  |  | 2,615 |  |  |  | 1,222 |  |  |  | - |  |  |  | 4,898 |
Operating income |  | $ | 22,884 |  |  | $ | 34,582 |  |  | $ | 40,692 |  |  | $ | (20,487 | ) |  | $ | 77,671 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 78 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,006 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 61,587 |
|  | For the Year Ended December 31, 2022 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 776,022 |  |  | $ | 1,356,605 |  |  | $ | 427,363 |  |  | $ | - |  |  | $ | 2,559,990 |
Cost of materials sold |  |  | 589,472 |  |  |  | 1,164,459 |  |  |  | 319,999 |  |  |  | - |  |  |  | 2,073,930 |
Operating expenses |  |  | 88,828 |  |  |  | 156,436 |  |  |  | 67,595 |  |  |  | 19,716 |  |  |  | 332,575 |
Depreciation |  |  | 2,991 |  |  |  | 10,298 |  |  |  | 3,926 |  |  |  | 70 |  |  |  | 17,285 |
Amortization |  |  | 1,069 |  |  |  | 397 |  |  |  | 987 |  |  |  | - |  |  |  | 2,453 |
Operating income |  | $ | 93,662 |  |  | $ | 25,015 |  |  | $ | 34,856 |  |  | $ | (19,786 | ) |  | $ | 133,747 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 45 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,080 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 123,622 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Year Ended December 31, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
Flat products |  | $ | 26,562 |  |  | $ | 14,306 |  |  | $ | 15,299 |
Tubular and pipe products |  |  | 2,925 |  |  |  | 7,020 |  |  |  | 4,555 |
Corporate |  |  | - |  |  |  | - |  |  |  | - |
Total capital expenditures |  | $ | 29,487 |  |  | $ | 21,326 |  |  | $ | 19,854 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Flat products |  | $ | 695,880 |  |  | $ | 649,744 |  |  | $ | 631,607 |
Tubular and pipe products |  |  | 347,469 |  |  |  | 333,677 |  |  |  | 258,412 |
Corporate |  |  | 1,147 |  |  |  | 1,414 |  |  |  | 1,608 |
Total assets |  | $ | 1,044,496 |  |  | $ | 984,835 |  |  | $ | 891,627 |

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