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Note 15 - Segment Information (Tables)

9 Months Ended

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

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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