v3.25.2
Note 10 - Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Sales

                

U.S.

 $658  $677  $1,249  $1,344 

International

  140   122   261   232 

Total consolidated sales

 $798  $799  $1,510  $1,576 
                 

Cost of Sales

                

U.S.

 $532  $532  $1,003  $1,060 

International

  104   88   193   168 

Total cost of sales

 $636  $620  $1,196  $1,228 
                 

Depreciation and amortization (1)

                

U.S.

 $6  $5  $11  $9 

International

  1   -   1   1 

Total depreciation and amortization expense

 $7  $5  $12  $10 
                 

Amortization of intangibles (1)

                

U.S.

 $4  $5  $9  $9 

International

  -   -   -   1 

Total amortization of intangibles expense

 $4  $5  $9  $10 
                 

Gross Profit

                

U.S.

 $116  $135  $226  $266 

International

  35   34   67   62 

Total gross profit

 $151  $169  $293  $328 
                 

Selling, general and administrative expenses

                

U.S.

 $107  $97  $210  $194 

International

  23   24   44   46 

Corporate and other (2)

  -   1   -   2 

Total selling, general and administrative expenses

 $130  $122  $254  $242 
                 

Operating income (loss)

                

U.S.

 $9  $38  $16  $72 

International

  12   10   23   16 

Corporate and other (2)

     (1)  -   (2)

Total operating income

 $21  $47  $39  $86 
                 

Interest expense

  (10)  (7) $(19) $(15)

Other, net

  7   2   7   (1)

Income from continuing operations before income taxes

 $18  $42  $27  $70 
  

June 30,

  

December 31,

 
  

2025

  

2024

 

Total assets

        

U.S.

 $1,421  $1,278 

International

  345   301 

Corporate and other (1)

  7   9 

Discontinued operations

  1   36 

Total assets

 $1,774  $1,624 
Long-Lived Assets by Geographic Areas [Table Text Block]
  

June 30,

  

December 31,

 
  

2025

  

2024

 

Property, plant and equipment

        

U.S.

  95%  94%

International

  5%  6%

Total property, plant and equipment

  100%  100%
Schedule of Net Sales by Product Line [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

  

June 30,

  

June 30,

 

Type

 

2025

  

2024

  

2025

  

2024

 

Line Pipe

 $94  $125  $166  $238 

Carbon Fittings and Flanges

  106   102   196   198 

Total Carbon Pipe, Fittings and Flanges

  200   227   362   436 

Valves, Automation, Measurement and Instrumentation

  294   284   571   563 

Gas Products

  209   193   396   380 

Stainless Steel and Alloy Pipe and Fittings

  34   35   74   73 

General Products

  61   60   107   124 
  $798  $799  $1,510  $1,576