Business Segments (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Summary of Segment Operating Results

Segment operating results for the three and nine months ended September 30, 2025 and 2024 are as follows:

	Three Months Ended
	September 30, 2025									September 30, 2024
	North America			Europe			Total			North America		Europe			Total
Net Sales	$	73,538		$	104,662		$	178,200		$	206,233	$	115,524		$	321,757
Less:
Aluminum and other material costs		42,475			49,723			92,198			106,925		44,963			151,888
Manufacturing costs		55,123			47,748			102,871			63,811		55,886			119,697
Manufacturing depreciation and amortization		4,853			7,459			12,312			9,865		11,673			21,538
Selling, general, and administrative expenses		20,125			6,235			26,360			11,739		12,161			23,900
Segment expenses		122,576			111,165			233,741			192,340		124,683			317,023
Income (loss) from operations	$	(49,038	)	$	(6,503	)	$	(55,541	)	$	13,893	$	(9,159	)	$	4,734
Supplemental Segment Financial Information:
Depreciation and amortization	$	4,960		$	7,485		$	12,445		$	9,968	$	11,732		$	21,700
Capital expenditures		2,708			4,314			7,022			3,041		3,100			6,141

	Nine Months Ended
	September 30, 2025									September 30, 2024
	North America			Europe			Total			North America		Europe			Total
Net Sales	$	371,050		$	336,649		$	707,699		$	602,944	$	354,056		$	957,000
Less:
Aluminum and other material costs		209,221			150,133			359,354			313,937		146,887			460,824
Manufacturing costs		177,085			155,609			332,694			190,880		158,873			349,753
Manufacturing depreciation and amortization		21,697			28,483			50,180			30,325		34,698			65,023
Selling, general, and administrative expenses		47,648			19,051			66,699			32,632		33,476			66,108
Impairment of long-lived assets		66,906			—			66,906			—		—			—
Segment expenses		522,557			353,276			875,833			567,774		373,934			941,708
Income (loss) from operations	$	(151,507	)	$	(16,627	)	$	(168,134	)	$	35,170	$	(19,878	)	$	15,292
Supplemental Segment Financial Information:
Depreciation and amortization	$	22,009		$	28,601		$	50,610		$	30,645	$	34,889		$	65,534
Capital expenditures		7,615			11,318			18,933			11,611		9,374			20,985

	September 30, 2025						December 31, 2024
	North America		Europe		Total		North America		Europe		Total
Long-lived assets:
Property, plant, and equipment	$	104,336	$	169,703	$	274,039	$	174,180	$	155,712	$	329,892
Intangible assets		—		4,516		4,516		—		12,612		12,612
Segment assets		276,382		315,587		591,969		407,800		332,329		740,129

Geographic Information

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

	Net Sales (1)
	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
U.S.	$	679	$	1,484	$	7,206	$	4,344
Mexico		72,859		204,749		363,844	$	598,600
Germany		9,418		20,032		34,372	$	50,893
Poland		95,244		95,492		302,277	$	303,163
Consolidated net sales	$	178,200	$	321,757	$	707,699	$	957,000

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

	Property, Plant and Equipment, net
	September 30, 2025		December 31, 2024
U.S.	$	1,226	$	1,505
Mexico		103,110		172,674
Germany		753		573
Poland		168,950		155,140
Property, plant and equipment, net	$	274,039	$	329,892