Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents information about the Company's single segment for the three months ended March 31, 2026 and 2025.


	Three months ended March 31,
		2026		2025
Net sales		$	649.2	$	633.9
Segment Cost of goods sold(1),(2)		(537.1)		(574.8)
IRA Section 45X tax credit(1),(3)		25.0		19.9
Lower of cost or NRV inventory adjustment(1),(4)		3.3		3.1
Property and equipment expense(1),(5)		(21.6)		(24.8)
Selling, general and administrative expenses		(25.8)		(12.5)
Gain on the sale of Hawesville		287.9		—

Other operating expenses - net		(6.9)		(2.0)
Interest expense - nonaffiliates		(9.9)		(10.0)
Interest expense - affiliates		(0.6)		(1.8)
Interest income		3.1		1.8
Net loss on forward and derivative contracts - nonaffiliates		(65.3)		(5.4)


Gain on insurance proceeds - net		33.0		—
Other loss - net		(5.5)		(3.4)
Income tax expense		(1.8)		(1.6)
Net income		$	327.0	$	22.4

(1)Indicates a component of Cost of goods sold.

(2)Includes raw materials, labor, energy, freight costs, FIFO inventory adjustments and other direct cost of goods sold.

(3)Advanced production credit related to Section 45X of the IRA.

(4)Includes inventory revaluation to lower of cost or net realizable value and changes in inventory reserve.

(5)Represents the depreciation expenses and expenses related to leased assets that are directly related to the cost of goods sold.