v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30.0 $ 7.0
Receivables, net 528.6 423.3
Contract assets 75.9 63.4
Inventories 799.0 725.2
Prepaid expenses and other current assets 53.9 42.6
Total current assets 1,487.4 1,261.5
Property, plant and equipment, net 1,139.5 1,145.2
Operating lease assets 24.6 22.4
Deferred tax assets, net 0.0 0.2
Intangible assets, net 39.9 41.0
Goodwill 18.8 18.8
Other assets 79.7 75.7
Total assets 2,789.9 2,564.8
Current liabilities:    
Accounts payable 494.1 274.6
Accrued salaries, wages and related expenses 51.5 61.3
Other accrued liabilities 56.3 91.3
Total current liabilities 601.9 427.2
Long-term portion of operating lease liabilities 22.5 21.7
Pension and OPEB 72.9 73.4
Deferred tax liabilities 93.5 75.4
Long-term liabilities 84.0 81.4
Long-term debt, net 1,037.8 1,059.6
Total liabilities 1,912.6 1,738.7
Commitments and contingencies - Note 6
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2026 and December 31, 2025; no shares were issued and outstanding at March 31, 2026 and December 31, 2025 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2026 and December 31, 2025; 23,175,410 shares issued and 16,340,124 shares outstanding at March 31, 2026; 23,045,729 shares issued and 16,210,443 shares outstanding at December 31, 2025 0.2 0.2
Additional paid in capital 1,129.6 1,132.5
Retained earnings 191.4 142.5
Treasury stock, at cost, 6,835,286 shares at both March 31, 2026 and December 31, 2025 (475.9) (475.9)
AOCI 32.0 26.8
Total stockholders’ equity 877.3 826.1
Total liabilities and stockholders' equity $ 2,789.9 $ 2,564.8