v3.26.1
Note 12 - Industry Segment Data (Tables)
 12 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

For the Twelve Months Ended March 31, 2026

 
  

Flat-roll

  

Tubular

  

Other

  

Total

 

Net Sales

 $596,130  $50,783  $—  $646,913 

Cost and expenses:

                

Cost of materials sold

  483,904   34,792   —   518,696 

Processing and warehousing expense

  33,066   8,656   —   41,722 

Delivery expense

  27,712   686   —   28,398 

Commercial expense

  12,422   837   —   13,259 

Depreciation and amortization

  3,374   237   213   3,824 

General corporate expenses

  —   —   15,363   15,363 
   560,478   45,208   15,576   621,262 

EARNINGS (LOSS) FROM OPERATIONS:

  35,652   5,575   (15,576)  25,651 

Fair value adjustment of contingent consideration

              1,420 

Gain on economic hedges of risk

              3,412 

Interest expense

              (4,104)

Other income (expense)

              (7)

TOTAL EARNINGS BEFORE INCOME TAXES

             $26,372 
                 
  

For the Twelve Months Ended March 31, 2025

 
  

Flat-roll

  

Tubular

  

Other

  

Total

 

Net Sales

 $404,644  $39,956  $—  $444,600 

Cost and expenses:

                

Cost of materials sold

  334,426   31,222   —   365,648 

Processing and warehousing expense

  24,544   8,933   —   33,477 

Delivery expense

  22,563   665   —   23,228 

Commercial expense

  6,301   755   —   7,056 

Depreciation and amortization

  2,869   304   118   3,291 

General corporate expenses

  —   —   9,115   9,115 
   390,703   41,879   9,233   441,815 

Gain (loss) on disposal of property, plant and equipment

  (222)  480   —   258 
EARNINGS (LOSS) FROM OPERATIONS:  13,719   (1,443)  (9,233)  3,043 

Gain on economic hedges of risk

              7,598 

Interest expense

              (2,953)

Other income

              5 

TOTAL EARNINGS BEFORE INCOME TAXES

             $7,693 
                 
                 
                 
  

Year Ended March 31,

         
  

2026

  

2025

         

IDENTIFIABLE ASSETS:

                

Flat-roll

 $301,528  $204,890         

Tubular

  28,822   16,792         
   330,350   221,682         

General corporate assets

  6,460   5,140         

TOTAL ASSETS

 $336,810  $226,822         
                 

CAPITAL EXPENDITURES:

                

Flat-roll

 $6,150  $3,823         

Tubular

  1,011   179         

Corporate and other

  —   —         
TOTAL CAPITAL EXPENDITURES $7,161  $4,002