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BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following tables present segment revenue, segment profit (loss), and significant expenses for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31, 2025
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	133,635					$	25,537					$	159,172
Reconciliation of revenue:
Add back freight															5,566
Sales as shown in the consolidated statements of income (loss)															$	164,738
Less:
Variable costs			$	103,523					$	11,977					$	115,500
Manufacturing fixed costs1			11,214						3,459						14,673
Selling, general and administrative costs1			9,412						2,592						12,004
Other2			326						(11)						315
EBITDA from ongoing operations			$	9,160					$	7,520					$	16,680
Reconciliation of profit (loss):
Depreciation and amortization															5,475
Plant shutdowns, asset impairments, restructurings and other															1,167
Interest income															5
Interest expense															1,013
Corporate expenses, net3															7,782
Income (loss) from continuing operations before income tax															1,248
Income tax expense (benefit)															577
Net income (loss) from continuing operations															671
Income (loss) from discontinued operations, net of tax															9,430
Net income (loss)															$	10,101
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.

			Three Months Ended March 31, 2024
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	114,222					$	24,735					$	138,957
Reconciliation of revenue:
Add back freight															5,015
Sales as shown in the consolidated statements of income (loss)															$	143,972
Less:
Variable costs			$	84,786					$	12,024					$	96,810
Manufacturing fixed costs1			9,625						3,243						12,868
Selling, general and administrative costs1			6,798						2,516						9,314
Other2			473						48						521
EBITDA from ongoing operations			$	12,540					$	6,904					$	19,444
Reconciliation of profit (loss):
Depreciation and amortization															5,871
Plant shutdowns, asset impairments, restructurings and other															1,671
Interest income															20
Interest expense															1,184
Corporate expenses, net3															5,750
Income (loss) from continuing operations before income tax															4,988
Income tax expense (benefit)															2,384
Net income (loss) from continuing operations															2,604
Income (loss) from discontinued operations, net of tax															684
Net income (loss)															$	3,288
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.

Schedule of Identifiable Assets

The following table presents identifiable assets by segment at March 31, 2025 and December 31, 2024:

(In thousands)			March 31, 2025						December 31, 2024
Aluminum Extrusions			$	272,161					$	247,205
PE Films			56,231						55,081
Subtotal			328,392						302,286
General corporate			42,168						46,883
Cash and cash equivalents			3,657						7,062
Discontinued operations			—						126
Total			$	374,217					$	356,357

Schedule of Depreciation and Amortization, Capital Expenditures

The following table presents depreciation and amortization for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31,
(In thousands)			2025						2024
Aluminum Extrusions			$	4,225					$	4,542
PE Films			1,250						1,329
Subtotal			5,475						5,871
General corporate			51						94
Discontinued operations			—						751
Total			$	5,526					$	6,716

The following table presents capital expenditures for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31,
(In thousands)			2025						2024
Aluminum Extrusions			$	2,370					$	1,550
PE Films			587						394
Subtotal			2,957						1,944
Discontinued operations			—						517
Total			$	2,957					$	2,461

Schedule of Net Sales by Geographic Area

The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2025 and 2024:

Net Sales by Geographic Area (a)
			Three Months Ended March 31,
(In thousands)			2025						2024
United States			$	144,357					$	124,981
Exports from the United States to:
Asia			10,836						8,814
Latin America			1,579						1,311
Canada			2,173						3,664
Europe			7						25
Operations outside the United States:
Asia			220						162
Total			$	159,172					$	138,957
(a) Export sales relate mostly to PE Films.

Schedule of Net Sales by Product Group

Net Sales by Product Group
			Three Months Ended March 31,
(In thousands)			2025						2024
Aluminum Extrusions:
Nonresidential building & construction			$	67,601					$	68,228
Consumer durables			11,667						7,670
Automotive			10,998						10,189
Residential building & construction			8,998						7,591
Electrical			15,341						5,607
Machinery & equipment			15,283						11,716
Distribution			3,747						3,221
Subtotal			133,635						114,222
PE Films:
Surface protection films			18,770						17,011
Overwrap packaging			6,767						7,724
Subtotal			25,537						24,735
Total			$	159,172					$	138,957

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