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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Information by business segment and geographic area for the last three years is provided in the segment tables below. There were no accounting transactions between segments.
Segment Revenue, Segment Profit (Loss), and Significant Expenses
| 2024
(In thousands) | Aluminum Extrusions |  | PE Films |  | Total
Net Sales | $ | 471,815 |  |  | $ | 105,199 |  |  | $ | 577,014 |
Reconciliation of revenue: |  |  |  |  |
Add back freight |  |  |  |  | 21,011 |
Sales as shown in the consolidated statements of income (loss) |  |  |  |  | $ | 598,025 |
Less: |  |  |  |  |
Variable costs | 354,397 |  |  | 50,289 |  |  | 404,686 |
LIFO inventory adjustment | 1,234 |  |  | (174) |  |  | 1,060 |
Manufacturing fixed costs (e) | 40,123 |  |  | 13,248 |  |  | 53,371 |
Selling, general and administrative costs (e) | 33,638 |  |  | 11,245 |  |  | 44,883 |
Other (f) | 1,066 |  |  | 105 |  |  | 1,171 |
EBITDA from ongoing operations | $ | 41,357 |  |  | $ | 30,486 |  |  | $ | 71,843 |
Reconciliation of profit (loss): |  |  |  |  |
Depreciation and amortization |  |  |  |  | 22,922 |
Plant shutdowns, asset impairments, restructurings and other (a) |  |  |  |  | 5,766 |
Goodwill impairment |  |  |  |  | 13,271 |
Interest income |  |  |  |  | 36 |
Interest expense |  |  |  |  | 4,664 |
Gain on investment in kaleo, inc. |  |  |  |  | 144 |
Corporate expenses, net (d) |  |  |  |  | 24,520 |
Income (loss) from continuing operations before income tax |  |  |  |  | 880 |
Income tax expense (benefit) |  |  |  |  | (165) |
Net income (loss) from continuing operations |  |  |  |  | 1,045 |
Income (loss) from discontinued operations, net of tax |  |  |  |  | (65,610) |
Net income (loss) |  |  |  |  | $ | (64,565) |
Refer to Notes to Financial Tables that follow these tables.
Segment Revenue, Segment Profit (Loss), and Significant Expenses
| 2023
(In thousands) | Aluminum Extrusions |  | PE Films |  | Total
Net Sales | $ | 474,803 |  |  | $ | 76,763 |  |  | $ | 551,566 |
Reconciliation of revenue: |  |  |  |  |
Add back freight |  |  |  |  | 21,757 |
Sales as shown in the consolidated statements of income (loss) |  |  |  |  | $ | 573,323 |
Less: |  |  |  |  |
Variable costs | 365,320 |  |  | 40,824 |  |  | 406,144 |
LIFO inventory adjustment | (944) |  |  | (1,333) |  |  | (2,277) |
Manufacturing fixed costs (e) | 41,028 |  |  | 13,793 |  |  | 54,821 |
Selling, general and administrative costs (e) | 29,725 |  |  | 12,106 |  |  | 41,831 |
Other (f) | 1,698 |  |  | 156 |  |  | 1,854 |
EBITDA from ongoing operations | $ | 37,976 |  |  | $ | 11,217 |  |  | $ | 49,193 |
Reconciliation of profit (loss): |  |  |  |  |
Depreciation and amortization |  |  |  |  | 24,449 |
Plant shutdowns, asset impairments, restructurings and other (a) |  |  |  |  | 8,529 |
Goodwill impairment |  |  |  |  | 34,891 |
Interest income |  |  |  |  | 514 |
Interest expense |  |  |  |  | 6,316 |
Gain on investment in kaleo, inc. |  |  |  |  | 262 |
Stock option-based compensation expense |  |  |  |  | 231 |
Pension settlement loss |  |  |  |  | 92,291 |
Corporate expenses, net (d) |  |  |  |  | 33,727 |
Income (loss) from continuing operations before income tax |  |  |  |  | (150,465) |
Income tax expense (benefit) |  |  |  |  | (51,300) |
Net income (loss) from continuing operations |  |  |  |  | (99,165) |
Income (loss) from discontinued operations, net of tax |  |  |  |  | (6,740) |
Net income (loss) |  |  |  |  | $ | (105,905) |
Refer to Notes to Financial Tables that follow these tables.
Segment Revenue, Segment Profit (Loss), and Significant Expenses
| 2022
(In thousands) | Aluminum Extrusions |  | PE Films |  | Total
Net Sales | $ | 637,872 |  |  | $ | 97,571 |  |  | $ | 735,443 |
Reconciliation of revenue: |  |  |  |  |
Add back freight |  |  |  |  | 26,542 |
Sales as shown in the consolidated statements of income (loss) |  |  |  |  | $ | 761,985 |
Less: |  |  |  |  |
Variable costs | 503,374 |  |  | 56,085 |  |  | 559,459 |
LIFO inventory adjustment | (5,402) |  |  | 521 |  |  | (4,881) |
Manufacturing fixed costs (e) | 43,073 |  |  | 15,216 |  |  | 58,289 |
Selling, general and administrative costs (e) | 31,641 |  |  | 14,116 |  |  | 45,757 |
Other (f) | (1,614) |  |  | (316) |  |  | (1,930) |
EBITDA from ongoing operations | $ | 66,800 |  |  | $ | 11,949 |  |  | $ | 78,749 |
Reconciliation of profit (loss): |  |  |  |  |
Depreciation and amortization |  |  |  |  | 23,694 |
Plant shutdowns, asset impairments, restructurings and other (a) |  |  |  |  | 956 |
Interest income |  |  |  |  | 16 |
Interest expense |  |  |  |  | 4,141 |
Gain on investment in kaleo, inc. |  |  |  |  | 1,406 |
Stock option-based compensation expense |  |  |  |  | 1,414 |
Corporate expenses, net (d) |  |  |  |  | 40,402 |
Income (loss) from continuing operations before income tax |  |  |  |  | 9,564 |
Income tax expense (benefit) |  |  |  |  | (3,021) |
Net income (loss) from continuing operations |  |  |  |  | 12,585 |
Income (loss) from discontinued operations, net of tax |  |  |  |  | 15,870 |
Net income (loss) |  |  |  |  | $ | 28,455 |
Schedule Of Identifiable Assets |
Identifiable Assets
(In thousands) | 2024 |  | 2023
Aluminum Extrusions | $ | 247,205 |  |  | $ | 255,756 |
PE Films | 55,081 |  |  | 56,536 |
Subtotal | 302,286 |  |  | 312,292 |
General corporate | 46,883 |  |  | 36,652 |
Cash, cash equivalents and restricted cash (b) | 7,062 |  |  | 13,051 |
Discontinued operations | 126 |  |  | 84,466 |
Total | $ | 356,357 |  |  | $ | 446,461 |
Schedule Of Depreciation And Amortization, Capital Expenditures |
| Depreciation and Amortization |  | Capital Expenditures
(In thousands) | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Aluminum Extrusions | $ | 17,722 |  |  | $ | 17,927 |  |  | $ | 17,414 |  |  | $ | 10,097 |  |  | $ | 20,339 |  |  | $ | 23,664 |
PE Films | 5,200 |  |  | 6,522 |  |  | 6,280 |  |  | 1,761 |  |  | 1,772 |  |  | 3,289 |
Subtotal | 22,922 |  |  | 24,449 |  |  | 23,694 |  |  | 11,858 |  |  | 22,111 |  |  | 26,953 |
General corporate (d) | 302 |  |  | 369 |  |  | 264 |  |  | — |  |  | 12 |  |  | 1,771 |
Discontinued operations | 2,313 |  |  | 2,865 |  |  | 2,444 |  |  | 2,489 |  |  | 4,323 |  |  | 8,151 |
Total | $ | 25,537 |  |  | $ | 27,683 |  |  | $ | 26,402 |  |  | $ | 14,347 |  |  | $ | 26,446 |  |  | $ | 36,875 |
Schedule Of Net Sales By Geographic Area |
Net Sales by Geographic Area (c)
(In thousands) | 2024 |  | 2023 |  | 2022
United States | $ | 514,743 |  |  | $ | 506,475 |  |  | $ | 675,528 |
Exports from the United States to: |  |  |  |  |
Asia | 46,724 |  |  | 26,217 |  |  | 41,841 |
Canada | 9,541 |  |  | 12,121 |  |  | 10,477 |
Europe | 97 |  |  | 9 |  |  | 1,384 |
Latin America | 5,068 |  |  | 6,192 |  |  | 5,587 |
Operations outside the United States: |  |  |  |  |
Asia | 841 |  |  | 552 |  |  | 626 |
Total | $ | 577,014 |  |  | $ | 551,566 |  |  | $ | 735,443 |
Schedule Of Identifiable Assets By Geographic Area, Property, Plant & Equipment, Net By Geographic Area |
| Identifiable Assets by Geographic Area (c) |  | Property, Plant & Equipment, Net by Geographic Area (c)
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 294,303 |  |  | $ | 302,037 |  |  | $ | 127,992 |  |  | $ | 139,552 |
Operations outside the United States: |  |  |  |  |  |  |
China | 7,983 |  |  | 10,255 |  |  | 7,217 |  |  | 9,361 |
General corporate | 46,883 |  |  | 36,652 |  |  | 1,823 |  |  | 2,244 |
Cash, cash equivalents and restricted cash (b) | 7,062 |  |  | 13,051 |  |  | n/a |  | n/a
Discontinued operations | 126 |  |  | 84,466 |  |  | — |  |  | 32,298 |
Total | $ | 356,357 |  |  | $ | 446,461 |  |  | $ | 137,032 |  |  | $ | 183,455 |
Schedule Of Net Sales By Product Group |
Net Sales by Product Group
(In thousands) | 2024 |  | 2023 |  | 2022
Aluminum Extrusions: |  |  |  |  |
Nonresidential building & construction | $ | 265,496 |  |  | $ | 273,648 |  |  | $ | 350,377 |
Consumer durables | 31,911 |  |  | 37,257 |  |  | 60,252 |
Automotive | 39,283 |  |  | 46,014 |  |  | 49,330 |
Machinery & equipment | 51,149 |  |  | 41,908 |  |  | 57,795 |
Distribution | 11,750 |  |  | 13,719 |  |  | 28,533 |
Residential building & construction | 36,303 |  |  | 36,774 |  |  | 61,815 |
Electrical | 35,923 |  |  | 25,483 |  |  | 29,770 |
Subtotal | 471,815 |  |  | 474,803 |  |  | 637,872 |
PE Films: |  |  |  |  |
Surface protection films | 75,909 |  |  | 47,463 |  |  | 68,140 |
Packaging | 29,290 |  |  | 29,300 |  |  | 29,431 |
Subtotal | 105,199 |  |  | 76,763 |  |  | 97,571 |
Total | $ | 577,014 |  |  | $ | 551,566 |  |  | $ | 735,443 |
(a)See Note 1 for more information on losses associated with plant shutdowns, asset impairments and restructurings and other items. (b)Cash, cash equivalents and restricted cash includes funds held in locations outside the U.S. of $1.6 million and $0.8 million at December 31, 2024 and 2023, respectively. (c)Export sales relate primarily to PE Films. (d)Corporate depreciation and amortization are included in corporate expenses, net, on the Segment Revenue, Segment Profit (Loss), and Significant Expenses tables above. (e)Excludes related depreciation and amortization. (f)Other expenses

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