v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 104.0 $ 156.7
Accounts receivable, net of allowances (2026 - $2.2 million; 2025 - $1.8 million) 147.4 126.0
Inventories, net 279.6 243.2
Deferred charges and prepaid expenses 19.8 26.4
Other current assets 1.3 0.9
Total Current Assets 552.1 553.2
Property, plant and equipment, net 561.3 562.5
Operating lease right-of-use assets 10.1 11.4
Finance lease right-of-use assets 3.5 3.5
Pension assets 7.3 5.6
Intangible assets, net 2.8 2.9
Other non-current assets 1.1 1.1
Total Assets 1,138.2 1,140.2
Current Liabilities    
Accounts payable 175.3 151.1
Salaries, wages and benefits 19.2 29.0
Accrued pension and postretirement costs 12.1 26.8
Current operating lease liabilities 3.7 4.0
Current finance lease liabilities 0.8 0.8
Government funding liabilities 91.5 85.6
Other current liabilities 16.4 17.6
Total Current Liabilities 319.0 314.9
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 6.7 7.3
Non-current finance lease liabilities 2.0 2.8
Accrued pension and postretirement costs 98.9 100.2
Deferred income taxes 16.9 16.9
Other non-current liabilities 11.7 12.1
Total Liabilities 455.2 454.2
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2026 - 48.2 million shares and 2025 - 48.2 million shares 0.0 0.0
Additional paid-in capital 846.2 850.2
Retained deficit (48.2) (53.6)
Treasury shares - 2026 - 6.5 million; 2025 - 6.5 million (115.7) (116.0)
Accumulated other comprehensive income (loss) 0.7 5.4
Total Shareholders' Equity 683.0 686.0
Total Liabilities and Shareholders’ Equity $ 1,138.2 $ 1,140.2