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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18.4 $ 82.4
Receivables:    
Trade receivables, net 319.7 325.2
Other 22.0 12.4
Contract assets 73.4 58.5
Inventories 503.9 477.2
Prepaid expenses and other current assets 39.0 34.5
Total current assets 976.4 990.2
Property, plant and equipment, net 1,161.2 1,052.1
Operating lease assets 27.2 32.6
Deferred tax assets, net 7.2 6.0
Intangible assets, net 45.5 50.0
Goodwill 18.8 18.8
Other assets 78.6 117.7
Total assets 2,314.9 2,267.4
Current liabilities:    
Accounts payable 266.9 252.7
Accrued salaries, wages and related expenses 54.3 53.0
Other accrued liabilities 79.4 64.3
Total current liabilities 400.6 370.0
Long-term portion of operating lease liabilities 25.2 29.2
Pension and other postretirement benefits 71.4 76.8
Net liabilities of Salaried VEBA   3.8
Deferred tax liabilities 24.1 13.9
Long-term liabilities 84.0 81.7
Long-term debt, net 1,041.6 1,039.8
Total liabilities 1,646.9 1,615.2
Commitments and contingencies - Note 10
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2024 and December 31, 2023; no shares were issued and outstanding at December 31, 2024 and December 31, 2023
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2024 and December 31, 2023; 22,931,184 shares issued and 16,095,898 shares outstanding at December 31, 2024; 22,851,077 shares issued and 16,015,791 shares outstanding at December 31, 2023 0.2 0.2
Additional paid in capital 1,117.0 1,104.7
Retained earnings 6.2 10.1
Treasury stock, at cost, 6,835,286 shares at both December 31, 2024 and December 31, 2023 (475.9) (475.9)
Accumulated other comprehensive income 20.5 13.1
Total stockholders’ equity 668.0 652.2
Total liabilities and stockholders' equity $ 2,314.9 $ 2,267.4