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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following table presents net sales and EBITDA from ongoing operations by segment for the three and nine months ended September 30, 2024 and 2023:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2024						2023						2024						2023
Net Sales
Aluminum Extrusions			$	115,717					$	109,410					$	349,353					$	364,607
PE Films			24,879						19,938						78,811						56,036
Flexible Packaging Films			34,370						30,111						99,025						94,861
Total net sales			174,966						159,459						527,189						515,504
Add back freight			7,085						6,733						20,833						19,977
Sales as shown in the condensed consolidated statements of income (loss)			$	182,051					$	166,192					$	548,022					$	535,481
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			$	6,177					$	5,113					$	31,624					$	29,968
Depreciation & amortization			(4,404)						(4,683)						(13,392)						(13,252)
EBIT			1,773						430						18,232						16,716
Plant shutdowns, asset impairments, restructurings and other			(2,170)						(1,483)						(4,986)						(1,821)
PE Films:
Ongoing operations:
EBITDA			5,876						4,037						22,913						6,700
Depreciation & amortization			(1,299)						(2,111)						(3,944)						(5,305)
EBIT			4,577						1,926						18,969						1,395
Plant shutdowns, asset impairments, restructurings and other			—						(4,566)						(584)						(4,565)
Goodwill impairment			—						(19,478)						—						(34,891)
Flexible Packaging Films:
Ongoing operations:
EBITDA			3,749						477						8,915						2,076
Depreciation & amortization			(708)						(704)						(2,191)						(2,115)
EBIT			3,041						(227)						6,724						(39)
Plant shutdowns, asset impairments, restructurings and other			(103)						—						(103)						(79)
Total			7,118						(23,398)						38,252						(23,284)
Interest income			8						62						36						135
Interest expense			3,480						3,106						10,314						7,791
Gain on investment in kaleo, Inc.			—						—						144						262
Stock option-based compensation costs			—						—						—						231
Pension settlement loss			—						25,612						—						25,612
Corporate expenses, net			6,644						11,633						16,411						30,100
Income (loss) before income taxes			(2,998)						(63,687)						11,707						(86,621)
Income tax expense (benefit)			948						(13,307)						3,573						(16,307)
Net income (loss)			$	(3,946)					$	(50,380)					$	8,134					$	(70,314)

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at September 30, 2024 and December 31, 2023:

(In thousands)			September 30, 2024						December 31, 2023
Aluminum Extrusions			$	258,410					$	255,756
PE Films			57,989						56,536
Flexible Packaging Films			85,297						84,062
Subtotal			401,696						396,354
General corporate			34,256						36,652
Cash, cash equivalents and restricted cash			6,588						13,455
Total			$	442,540					$	446,461

Disaggregation of Revenue [Table Text Block]

The following tables disaggregate the Company’s revenue by geographic area and product group for the three and nine months ended September 30, 2024 and 2023:

Net Sales by Geographic Area (a)
			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2024						2023						2024						2023
United States			$	133,157					$	125,407					$	407,465					$	409,433
Exports from the United States to:
Asia			11,875						7,873						34,534						19,082
Latin America			1,395						1,764						4,121						5,440
Canada			3,437						3,640						10,459						12,879
Europe			405						282						1,053						1,414
Operations outside the United States:
Brazil			24,408						20,351						69,002						66,954
Asia			289						142						555						302
Total			$	174,966					$	159,459					$	527,189					$	515,504
(a) Export sales relate mostly to PE Films. Operations in Brazil relate to Flexible Packaging Films.

The Company’s facilities in Pottsville, PA (“PV”) and Guangzhou, China (“GZ”) have a tolling arrangement whereby certain surface protection films are manufactured in GZ for a fee with raw materials supplied from PV that are then shipped by GZ directly to customers principally in the Asian market, but paid by customers directly to PV. Amounts associated with this intercompany tolling arrangement are reported in the table above as export sales from the U.S. to Asia, and include net sales of $6.5 million and $4.8 million in the third quarter of 2024 and 2023, respectively, and $19.1 million and $11.7 million in the first nine months of 2024 and 2023, respectively.

Net Sales by Product Group
			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2024						2023						2024						2023
Aluminum Extrusions:
Nonresidential building & construction			$	61,988					$	59,476					$	195,603					$	203,889
Consumer durables			8,581						8,662						25,487						30,723
Automotive			11,060						13,025						31,793						36,916
Residential building & construction			9,790						7,999						27,575						29,658
Electrical			8,926						2,016						21,983						16,223
Machinery & equipment			13,131						14,202						37,995						36,008
Distribution			2,241						4,030						8,917						11,190
Subtotal			115,717						109,410						349,353						364,607
PE Films:
Surface protection films			17,516						12,755						56,241						34,251
Overwrap packaging			7,363						7,183						22,570						21,785
Subtotal			24,879						19,938						78,811						56,036
Flexible Packaging Films			34,370						30,111						99,025						94,861
Total			$	174,966					$	159,459					$	527,189					$	515,504

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