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BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2025 and 2024:

			Three Months Ended September 30, 2025
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	162,470					$	25,883					$	188,353
Reconciliation of revenue:
Add back freight															6,589
Sales as shown in the consolidated statements of income (loss)															$	194,942
Less:
Variable costs			$	124,462					$	11,922					$	136,384
Manufacturing fixed costs1			11,906						3,785						15,691
Selling, general and administrative costs1			8,948						2,961						11,909
Other2			346						(6)						340
EBITDA from ongoing operations			$	16,808					$	7,221					$	24,029
Reconciliation of profit (loss):
Depreciation and amortization															5,414
Plant shutdowns, asset impairments, restructurings and other															915
Interest income															6
Interest expense															768
Corporate expenses, net3															7,815
Income (loss) from continuing operations before income tax															9,123
Income tax expense (benefit)															2,014
Net income (loss) from continuing operations															7,109
Income (loss) from discontinued operations, net of tax															(35)
Net income (loss)															$	7,074
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.

			Three Months Ended September 30, 2024
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	115,717					$	24,879					$	140,596
Reconciliation of revenue:
Add back freight															5,468
Sales as shown in the consolidated statements of income (loss)															$	146,064
Less:
Variable costs			$	90,397					$	12,294					$	102,691
Manufacturing fixed costs1			10,218						3,496						13,714
Selling, general and administrative costs1			8,549						3,173						11,722
Other2			376						40						416
EBITDA from ongoing operations			$	6,177					$	5,876					$	12,053
Reconciliation of profit (loss):
Depreciation and amortization															5,703
Plant shutdowns, asset impairments, restructurings and other															2,170
Interest income															5
Interest expense															1,192
Gain on investment in kaleo, Inc.															—
Corporate expenses, net3															5,554
Income (loss) from continuing operations before income tax															(2,561)
Income tax expense (benefit)															828
Net income (loss) from continuing operations															(3,389)
Income (loss) from discontinued operations, net of tax															(557)
Net income (loss)															$	(3,946)
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.

The following tables present segment revenue, segment profit (loss), and significant expenses for the nine months ended September 30, 2025 and 2024:

			Nine Months Ended September 30, 2025
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	444,470					$	76,017					$	520,487
Reconciliation of revenue:
Add back freight															18,309
Sales as shown in the consolidated statements of income (loss)															$	538,796
Less:
Variable costs			$	344,043					$	35,586					$	379,629
Manufacturing fixed costs1			34,879						10,487						45,366
Selling, general and administrative costs1			28,489						8,420						36,909
Other2			1,808						70						1,878
EBITDA from ongoing operations			$	35,251					$	21,454					$	56,705
Reconciliation of profit (loss):
Depreciation and amortization															16,214
Plant shutdowns, asset impairments, restructurings and other															2,138
Interest income															16
Interest expense															3,566
Corporate expenses, net3															21,619
Income (loss) from continuing operations before income tax															13,184
Income tax expense (benefit)															3,575
Net income (loss) from continuing operations															9,609
Income (loss) from discontinued operations, net of tax															9,297
Net income (loss)															$	18,906
1. Excludes related depreciation and amortization. 2. Includes segment allocated employee compensation benefit expenses. 3. Includes corporate depreciation and amortization.

			Nine Months Ended September 30, 2024
(In thousands)			Aluminum Extrusions						PE Films						Total
Net Sales			$	349,353					$	78,811					$	428,164
Reconciliation of revenue:
Add back freight															15,812
Sales as shown in the consolidated statements of income (loss)															$	443,976
Less:
Variable costs			$	263,007					$	37,522					$	300,529
Manufacturing fixed costs1			29,726						9,832						39,558
Selling, general and administrative costs1			24,319						8,480						32,799
Other2			677						64						741
EBITDA from ongoing operations			$	31,624					$	22,913					$	54,537
Reconciliation of profit (loss):
Depreciation and amortization															17,336
Plant shutdowns, asset impairments, restructurings and other															5,570
Interest income															30
Interest expense															3,515
Gain on investment in kaleo, Inc.															144
Corporate expenses, net3															16,730
Income (loss) from continuing operations before income tax															11,560
Income tax expense (benefit)															3,175
Net income (loss) from continuing operations															8,385
Income (loss) from discontinued operations, net of tax															(251)
Net income (loss)															$	8,134
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 September 30, 2025 and December 31, 2024:

(In thousands)			September 30, 2025						December 31, 2024
Aluminum Extrusions			$	269,664					$	247,205
PE Films			54,694						55,081
Subtotal			324,358						302,286
General corporate			41,157						46,883
Cash and cash equivalents			13,291						7,062
Discontinued operations			—						126
Total			$	378,806					$	356,357

Schedule of Depreciation and Amortization, Capital Expenditures

The following table presents depreciation and amortization for the three and nine months ended September 30, 2025 and 2024:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Aluminum Extrusions			$	4,190					$	4,404					$	12,509					$	13,392
PE Films			1,224						1,299						3,705						3,944
Subtotal			5,414						5,703						16,214						17,336
General corporate			48						66						146						255
Discontinued operations			—						708						—						2,191
Total			$	5,462					$	6,477					$	16,360					$	19,782

The following table presents capital expenditures for the three and nine months ended September 30, 2025 and 2024:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Aluminum Extrusions			$	3,079					$	1,449					$	7,835					$	4,461
PE Films			529						517						1,411						1,127
Subtotal			3,608						1,966						9,246						5,588
Discontinued operations			—						948						—						2,108
Total			$	3,608					$	2,914					$	9,246					$	7,696

Schedule of Net Sales by Geographic Area

The following tables disaggregate the Company’s revenue by geographic area and product group for the three and nine months ended September 30, 2025 and 2024:

Net Sales by Geographic Area (a)
			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
United States			$	171,063					$	124,800					$	473,712					$	381,637
Exports from the United States to:
Asia			11,482						11,728						32,654						34,387
Latin America			2,026						1,462						4,616						4,121
Canada			3,416						2,282						8,586						7,404
Europe			—						35						37						60
Operations outside the United States:
Asia			366						289						882						555
Total			$	188,353					$	140,596					$	520,487					$	428,164
(a) Export sales relate mostly to PE Films.

Schedule of Net Sales by Product Group

Net Sales by Product Group
			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Aluminum Extrusions:
Nonresidential building & construction			$	87,388					$	63,362					$	236,612					$	200,978
Consumer durables			13,297						8,210						37,715						24,440
Automotive			10,832						10,583						32,899						30,487
Residential building & construction			11,516						9,368						30,539						26,440
Electrical			14,429						8,541						42,292						21,075
Machinery & equipment			17,662						12,564						48,943						36,434
Distribution			7,346						3,089						15,470						9,499
Subtotal			162,470						115,717						444,470						349,353
PE Films:
Surface protection films			19,163						17,516						54,675						56,241
Overwrap packaging			6,720						7,363						21,342						22,570
Subtotal			25,883						24,879						76,017						78,811
Total			$	188,353					$	140,596					$	520,487					$	428,164

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