Business Segments

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Business Segments

NOTE 4 - BUSINESS SEGMENTS

The Company's North American and European operations represent separate operating segments due to the different markets, customers, and products between these regions. Within each of these regions, markets, customers, products, and production processes are similar. Moreover, business within each region leverages common systems, processes, and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments.

The Company’s chief operating decision maker (CODM) is the Chief Executive Officer. The CODM uses income (loss) from operations as the key performance measure of segment profit or loss and uses the measure in its annual budgeting and ongoing forecasting process to effectively allocate resources. Income (loss) from operations is also reported on the consolidated statement of income (loss).

The CODM uses income (loss) from operations to evaluate the operating performance of the Company’s operating segments by considering variances to budget, prior forecasts, and prior year performance on a monthly basis when making decisions about how to allocate capital, personnel, and other resources to each segment.

Segment operating results are as follows:

	Year Ended December 31,
	2024							2023
	North America		Europe			Total		North America		Europe			Total
Net Sales	$	786,124	$	481,220		$	1,267,344	$	794,386	$	590,897		$	1,385,283
Less:
Aluminum and other material costs		415,786		194,850			610,636		418,011		244,755			662,766
Manufacturing costs		245,682		214,639			460,321		244,313		270,232			514,545
Manufacturing depreciation and amortization		39,965		45,888			85,853		38,243		53,981			92,224
Selling, general, and administrative expenses		41,681		39,601			81,282		42,028		45,539			87,567
Loss on deconsolidation of subsidiary		-		-			-		-		79,629			79,629
Segment expenses		743,114		494,978			1,238,092		742,595		694,136			1,436,731
Income (loss) from operations	$	43,010	$	(13,758	)	$	29,252	$	51,791	$	(103,239	)	$	(51,448	)
Supplemental Segment Financial Information:
Depreciation and amortization	$	40,286	$	46,130		$	86,416	$	38,714	$	54,277		$	92,991
Capital expenditures	$	14,718	$	13,565		$	28,283	$	23,653	$	17,507		$	41,160

	As of December 31,
	2024						2023
	North America		Europe		Total		North America		Europe		Total
Long-lived assets:
Property, plant, and equipment	$	174,180	$	155,712	$	329,892	$	220,951	$	177,648	$	398,599
Intangible assets	$	-	$	12,612	$	12,612	$	-	$	33,242	$	33,242
Segment assets	$	407,800	$	332,329	$	740,129	$	625,612	$	404,959	$	1,030,571

Geographic information

See table below for the Company's net sales and property, plant and equipment by location:

	Net Sales (1)				Property, Plant and Equipment, net
Year Ended December 31,	2024		2023		2024		2023
Net sales:
U.S.	$	5,945	$	4,208	$	1,505	$	1,228
Mexico		780,179		790,178		172,674		219,723
Germany		75,506		148,714		573		1,933
Poland		405,714		442,183		155,140		175,715
Consolidated net sales	$	1,267,344	$	1,385,283	$	329,892	$	398,599

(1) Revenues are attributed based on location of legal entity.