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Note 15 - Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the Three Months Ended March 31, 2025 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 129,538 |  |  | $ | 286,240 |  |  | $ | 77,163 |  |  | $ | - |  |  | $ | 492,941 |
Cost of materials sold |  |  | 108,800 |  |  |  | 215,339 |  |  |  | 50,361 |  |  |  | - |  |  |  | 374,500 |
Operating expenses |  |  | 17,155 |  |  |  | 59,986 |  |  |  | 20,420 |  |  |  | 4,790 |  |  |  | 102,351 |
Depreciation |  |  | 736 |  |  |  | 4,008 |  |  |  | 1,721 |  |  |  | 17 |  |  |  | 6,482 |
Amortization |  |  | 217 |  |  |  | 1,082 |  |  |  | 516 |  |  |  | - |  |  |  | 1,815 |
Operating income |  | $ | 2,630 |  |  | $ | 5,825 |  |  | $ | 4,145 |  |  | $ | (4,807 | ) |  | $ | 7,793 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,182 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,590 |
|  | For the Three Months Ended March 31, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 129,534 |  |  | $ | 300,975 |  |  | $ | 96,133 |  |  | $ | - |  |  | $ | 526,642 |
Cost of materials sold |  |  | 107,590 |  |  |  | 235,615 |  |  |  | 64,333 |  |  |  | - |  |  |  | 407,538 |
Operating expenses |  |  | 17,025 |  |  |  | 52,622 |  |  |  | 21,925 |  |  |  | 4,260 |  |  |  | 95,832 |
Depreciation |  |  | 722 |  |  |  | 3,441 |  |  |  | 1,826 |  |  |  | 17 |  |  |  | 6,006 |
Amortization |  |  | 266 |  |  |  | 640 |  |  |  | 422 |  |  |  | - |  |  |  | 1,328 |
Operating income |  | $ | 3,931 |  |  | $ | 8,657 |  |  | $ | 7,627 |  |  | $ | (4,277 | ) |  | $ | 15,938 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 19 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,010 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,909 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Three Months Ended |
|  | March 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 8,474 |  |  | $ | 3,410 |
Tubular and pipe products |  |  | 357 |  |  |  | 1,408 |
Total capital expenditures |  | $ | 8,831 |  |  | $ | 4,818 |
|  | As of |
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 710,454 |  |  | $ | 695,880 |
Tubular and pipe products |  |  | 353,189 |  |  |  | 347,469 |
Corporate |  |  | 1,079 |  |  |  | 1,147 |
Total assets |  | $ | 1,064,722 |  |  | $ | 1,044,496 |

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