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Note 15 - Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the Three Months Ended September 30, 2025 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 140,870 |  |  | $ | 268,214 |  |  | $ | 81,571 |  |  | $ | - |  |  | $ | 490,655 |
Cost of materials sold |  |  | 113,982 |  |  |  | 202,670 |  |  |  | 56,377 |  |  |  | - |  |  |  | 373,029 |
Operating expenses |  |  | 19,616 |  |  |  | 59,299 |  |  |  | 19,058 |  |  |  | 4,413 |  |  |  | 102,386 |
Depreciation |  |  | 654 |  |  |  | 3,879 |  |  |  | 1,704 |  |  |  | - |  |  |  | 6,237 |
Amortization |  |  | 205 |  |  |  | 1,089 |  |  |  | 445 |  |  |  | - |  |  |  | 1,739 |
Operating income |  | $ | 6,413 |  |  | $ | 1,277 |  |  | $ | 3,987 |  |  | $ | (4,413 | ) |  | $ | 7,264 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,144 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,106 |
|  | For the Nine Months Ended September 30, 2025 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 405,114 |  |  | $ | 836,997 |  |  | $ | 237,968 |  |  | $ | - |  |  | $ | 1,480,079 |
Cost of materials sold |  |  | 333,543 |  |  |  | 627,621 |  |  |  | 161,044 |  |  |  | - |  |  |  | 1,122,208 |
Operating expenses |  |  | 54,834 |  |  |  | 179,671 |  |  |  | 58,452 |  |  |  | 13,996 |  |  |  | 306,953 |
Depreciation |  |  | 2,140 |  |  |  | 11,953 |  |  |  | 5,150 |  |  |  | 35 |  |  |  | 19,278 |
Amortization |  |  | 628 |  |  |  | 3,257 |  |  |  | 1,325 |  |  |  | - |  |  |  | 5,210 |
Operating income |  | $ | 13,969 |  |  | $ | 14,495 |  |  | $ | 11,997 |  |  | $ | (14,031 | ) |  | $ | 26,430 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 62 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,282 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 14,086 |
|  | For the Three Months Ended September 30, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 125,693 |  |  | $ | 264,849 |  |  | $ | 79,454 |  |  | $ | - |  |  | $ | 469,996 |
Cost of materials sold |  |  | 103,450 |  |  |  | 208,093 |  |  |  | 51,601 |  |  |  | - |  |  |  | 363,144 |
Operating expenses |  |  | 16,302 |  |  |  | 52,294 |  |  |  | 19,193 |  |  |  | 4,020 |  |  |  | 91,809 |
Depreciation |  |  | 699 |  |  |  | 3,366 |  |  |  | 1,658 |  |  |  | 17 |  |  |  | 5,740 |
Amortization |  |  | 306 |  |  |  | 662 |  |  |  | 526 |  |  |  | - |  |  |  | 1,494 |
Operating income |  | $ | 4,936 |  |  | $ | 434 |  |  | $ | 6,476 |  |  | $ | (4,037 | ) |  | $ | 7,809 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 26 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,880 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,903 |
|  | For the Nine Months Ended September 30, 2024 |
|  | Specialty metals flat products |  |  | Carbon flat products |  |  | Tubular and pipe products |  |  | Other |  |  | Total |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 386,100 |  |  | $ | 873,579 |  |  | $ | 263,209 |  |  | $ | - |  |  | $ | 1,522,888 |
Cost of materials sold |  |  | 315,984 |  |  |  | 687,704 |  |  |  | 173,541 |  |  |  | - |  |  |  | 1,177,229 |
Operating expenses |  |  | 50,478 |  |  |  | 159,202 |  |  |  | 62,468 |  |  |  | 12,859 |  |  |  | 285,007 |
Depreciation |  |  | 2,083 |  |  |  | 10,277 |  |  |  | 5,173 |  |  |  | 52 |  |  |  | 17,585 |
Amortization |  |  | 839 |  |  |  | 1,944 |  |  |  | 1,427 |  |  |  | - |  |  |  | 4,210 |
Operating income |  | $ | 16,716 |  |  | $ | 14,452 |  |  | $ | 20,600 |  |  | $ | (12,911 | ) |  | $ | 38,857 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 66 |
Interest and other expense on debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,283 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 26,508 |
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block] |
|  | For the Nine Months Ended |
|  | September 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Capital expenditures |  |  |  |  |  |  |  |
Flat products segments |  | $ | 23,965 |  |  | $ | 18,458 |
Tubular and pipe products |  |  | 1,033 |  |  |  | 3,850 |
Total capital expenditures |  | $ | 24,998 |  |  | $ | 22,308 |
|  | As of |
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |  |  |
Flat products segments |  | $ | 728,754 |  |  | $ | 695,880 |
Tubular and pipe products |  |  | 360,345 |  |  |  | 347,469 |
Corporate |  |  | 959 |  |  |  | 1,147 |
Total assets |  | $ | 1,090,058 |  |  | $ | 1,044,496 |

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