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Note 15 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the Three Months Ended June 30, 2025 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 134,706 |  |  | $ | 282,543 |  |  | $ | 79,234 |  |  | $ | - |  |  | $ | 496,483 |
Cost of materials sold |  |  | 110,761 |  |  |  | 209,612 |  |  |  | 54,306 |  |  |  | - |  |  |  | 374,679 |
Operating expenses |  |  | 18,063 |  |  |  | 60,386 |  |  |  | 18,974 |  |  |  | 4,793 |  |  |  | 102,216 |
Depreciation |  |  | 750 |  |  |  | 4,066 |  |  |  | 1,725 |  |  |  | 18 |  |  |  | 6,559 |
Amortization |  |  | 206 |  |  |  | 1,086 |  |  |  | 364 |  |  |  | - |  |  |  | 1,656 |
Operating income |  | $ | 4,926 |  |  | $ | 7,393 |  |  | $ | 3,865 |  |  | $ | (4,811 | ) |  | $ | 11,373 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 27 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,956 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 7,390 |
|  | For the Six Months Ended June 30, 2025 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 264,244 |  |  | $ | 568,783 |  |  | $ | 156,397 |  |  | $ | - |  |  | $ | 989,424 |
Cost of materials sold |  |  | 219,561 |  |  |  | 424,951 |  |  |  | 104,667 |  |  |  | - |  |  |  | 749,179 |
Operating expenses |  |  | 35,218 |  |  |  | 120,372 |  |  |  | 39,394 |  |  |  | 9,583 |  |  |  | 204,567 |
Depreciation |  |  | 1,486 |  |  |  | 8,074 |  |  |  | 3,446 |  |  |  | 35 |  |  |  | 13,041 |
Amortization |  |  | 423 |  |  |  | 2,168 |  |  |  | 880 |  |  |  | - |  |  |  | 3,471 |
Operating income |  | $ | 7,556 |  |  | $ | 13,218 |  |  | $ | 8,010 |  |  | $ | (9,618 | ) |  | $ | 19,166 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,138 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,980 |
|  | For the Three Months Ended June 30, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 130,873 |  |  | $ | 307,755 |  |  | $ | 87,622 |  |  | $ | - |  |  | $ | 526,250 |
Cost of materials sold |  |  | 104,944 |  |  |  | 243,996 |  |  |  | 57,607 |  |  |  | - |  |  |  | 406,547 |
Operating expenses |  |  | 17,151 |  |  |  | 54,286 |  |  |  | 21,350 |  |  |  | 4,579 |  |  |  | 97,366 |
Depreciation |  |  | 662 |  |  |  | 3,470 |  |  |  | 1,689 |  |  |  | 18 |  |  |  | 5,839 |
Amortization |  |  | 267 |  |  |  | 642 |  |  |  | 479 |  |  |  | - |  |  |  | 1,388 |
Operating income |  | $ | 7,849 |  |  | $ | 5,361 |  |  | $ | 6,497 |  |  | $ | (4,597 | ) |  | $ | 15,110 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,393 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,696 |
|  | For the Six Months Ended June 30, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 260,407 |  |  | $ | 608,730 |  |  | $ | 183,755 |  |  | $ | - |  |  | $ | 1,052,892 |
Cost of materials sold |  |  | 212,534 |  |  |  | 479,611 |  |  |  | 121,940 |  |  |  | - |  |  |  | 814,085 |
Operating expenses |  |  | 34,176 |  |  |  | 106,908 |  |  |  | 43,275 |  |  |  | 8,839 |  |  |  | 193,198 |
Depreciation |  |  | 1,384 |  |  |  | 6,911 |  |  |  | 3,515 |  |  |  | 35 |  |  |  | 11,845 |
Amortization |  |  | 533 |  |  |  | 1,282 |  |  |  | 901 |  |  |  | - |  |  |  | 2,716 |
Operating income |  | $ | 11,780 |  |  | $ | 14,018 |  |  | $ | 14,124 |  |  | $ | (8,874 | ) |  | $ | 31,048 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 40 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,403 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 22,605 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Six Months Ended |
|  | June 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 16,883 |  |  | $ | 10,159 |
Tubular and pipe products |  |  | 634 |  |  |  | 3,082 |
Total capital expenditures |  | $ | 17,517 |  |  | $ | 13,241 |
|  | As of |
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 716,785 |  |  | $ | 695,880 |
Tubular and pipe products |  |  | 357,115 |  |  |  | 347,469 |
Corporate |  |  | 1,010 |  |  |  | 1,147 |
Total assets |  | $ | 1,074,910 |  |  | $ | 1,044,496 |

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