v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 58.5 $ 7.0
Receivables, net 575.0 423.3
Contract assets 72.3 63.4
Inventories 848.1 725.2
Prepaid expenses and other current assets 47.9 42.6
Total current assets 1,601.8 1,261.5
Property, plant and equipment, net 1,143.7 1,145.2
Operating lease assets 23.3 22.4
Deferred tax assets, net 0.0 0.2
Intangible assets, net 38.7 41.0
Goodwill 18.8 18.8
Other assets 83.3 75.7
Total assets 2,909.6 2,564.8
Current liabilities:    
Accounts payable 507.2 274.6
Accrued salaries, wages and related expenses 53.6 61.3
Other accrued liabilities 81.1 91.3
Total current liabilities 641.9 427.2
Long-term portion of operating lease liabilities 21.4 21.7
Pension and OPEB 72.3 73.4
Deferred tax liabilities 106.6 75.4
Long-term liabilities 85.3 81.4
Long-term debt, net 1,038.3 1,059.6
Total liabilities 1,965.8 1,738.7
Commitments and contingencies - Note 6
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2026 and December 31, 2025; no shares were issued and outstanding at June 30, 2026 and December 31, 2025 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2026 and December 31, 2025; 23,184,378 shares issued and 16,349,092 shares outstanding at June 30, 2026; 23,045,729 shares issued and 16,210,443 shares outstanding at December 31, 2025 0.2 0.2
Additional paid in capital 1,134.4 1,132.5
Retained earnings 275.4 142.5
Treasury stock, at cost, 6,835,286 shares at both June 30, 2026 and December 31, 2025 (475.9) (475.9)
AOCI 9.7 26.8
Total stockholders’ equity 943.8 826.1
Total liabilities and stockholders' equity $ 2,909.6 $ 2,564.8