CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 21.3	$ 18.4	[1]
Receivables:
Trade receivables, net	347.4	319.7	[1],[2]
Other	42.5	22.2	[1]
Contract assets	67.9	73.4	[1]
Inventories	572.4	601.9	[1],[2]
Prepaid expenses and other current assets	42.3	39.0	[1]
Total current assets	1,093.8	1,074.6	[1]
Property, plant and equipment, net	1,191.6	1,161.2	[1],[2]
Operating lease assets	25.5	27.2	[1]
Deferred tax assets, net	3.3	4.0	[1]
Intangible assets, net	44.4	45.5	[1]
Goodwill	18.8	18.8	[1]
Other assets	62.2	78.6	[1],[2]
Total assets	2,439.6	2,409.9	[1]
Current liabilities:
Accounts payable	289.7	266.9	[1]
Accrued salaries, wages and related expenses	53.4	54.3	[1]
Other accrued liabilities	66.9	79.3	[1],[2]
Total current liabilities	410.0	400.5	[1]
Long-term portion of operating lease liabilities	24.0	25.2	[1]
Pension and OPEB	72.0	71.4	[1]
Deferred tax liabilities	50.6	44.1	[1]
Long-term liabilities	84.2	84.0	[1],[2]
Long-term debt, net	1,042.0	1,041.6	[1]
Total liabilities	1,682.8	1,666.8	[1]
Commitments and contingencies - Note 7
Stockholders’ equity:
Preferred stock, 5,000,000 shares authorized at both March 31, 2025 and December 31, 2024; no shares were issued and outstanding at March 31, 2025 and December 31, 2024	0.0	0.0	[1]
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2025 and December 31, 2024; 22,989,662 shares issued and 16,154,376 shares outstanding at March 31, 2025; 22,931,184 shares issued and 16,095,898 shares outstanding at December 31, 2024	0.2	0.2	[1]
Additional paid in capital	1,119.4	1,117.0	[1]
Retained earnings	90.0	81.3	[1]
Treasury stock, at cost, 6,835,286 shares at both March 31, 2025 and December 31, 2024	(475.9)	(475.9)	[1]
AOCI	23.1	20.5	[1]
Total stockholders’ equity	756.8	743.1	[1]
Total liabilities and stockholders' equity	$ 2,439.6	$ 2,409.9	[1]

[1] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.

[2] Adjusted to reflect the retrospective change in inventory valuation methodology from LIFO to WAC. See Note 14 for further discussion.