Business, Product and Geographical Area Information (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Significant Segment Expenses Provided to CODM

The following table presents the significant segment expenses that are provided to the CODM:


	Quarter Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Net sales	$	1,256.6		$	823.1		$	2,363.4		$	1,600.5

Less:
Cost of products sold, excluding depreciation and amortization
Hedged cost of alloyed metal1		819.6			448.9			1,522.0			863.1
Manufacturing costs2		151.5			191.9			313.7			373.7
Plant overhead3		47.9			44.0			95.2			90.1
Freight costs		28.0			21.2			50.3			42.0
Other cost of products sold4		10.6			16.8			19.6			27.3
Depreciation and amortization		29.6			29.6			60.0			59.6
Selling, general, administrative, research and development
Research and development costs		0.7			0.3			1.3			0.6
Employee costs5		26.1			22.7			52.8			45.2
Other selling, general and administrative costs6		8.9			9.6			17.0			17.6
Restructuring costs		—			0.1			—			1.9
Interest expense		14.5			12.5			28.9			23.7
Other income, net – Note 8		(7.1	)		(4.4	)		(6.1	)		(3.0	)
Income tax provision		29.5			6.7			49.4			13.9
Net income	$	96.8		$	23.2		$	159.3		$	44.8

Hedged cost of alloyed metal includes cost of aluminum at the MWTP and the cost of alloying elements used in the production process. This metric is net of metal price exposure on shipments that we hedged with realized gains upon settlement of $11.4 million and $0.6 million for the quarters ended June 30, 2026 and June 30, 2025, respectively, and $18.9 million and $5.2 million for the six months ended June 30, 2026 and June 30, 2025, respectively.

Manufacturing costs primarily includes labor, utilities, supplies, metal valuation impacts, metal profits, and other materials, excluding alloys, incurred at our various production facilities.

Plant overhead includes salaried employee costs, property taxes, and insurance associated with our various production facilities.

Other cost of products sold primarily includes accretion expense related to conditional asset retirement obligations, gains and losses on operating asset disposals, and major maintenance costs.

Employee costs include indirect labor salaries, benefits, and incentive compensation.

Other selling, general and administrative costs primarily includes professional services, computer hardware and software costs, office rent, and utilities.

Schedule of Net Sales by End Market Segment Applications

The following table presents Net sales by end market applications and by timing of control transfer:


	Quarter Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net sales:
Aero/HS Products	$	305.3	$	227.9	$	592.1	$	442.6
Packaging		580.4		340.9		1,078.8		655.1
GE Products		280.7		185.4		521.0		367.0
Automotive Extrusions		90.2		68.9		171.5		135.8
Total net sales	$	1,256.6	$	823.1	$	2,363.4	$	1,600.5

Timing of revenue recognition:
Products transferred at a point in time	$	992.0	$	626.6	$	1,845.2	$	1,217.4
Products transferred over time		264.6		196.5		518.2		383.1
Total net sales	$	1,256.6	$	823.1	$	2,363.4	$	1,600.5

Schedule of Income Taxes Paid by Geographical Area

The following table presents geographic information for income taxes paid:


	Quarter Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Income taxes paid:
Domestic	$	7.6	$	2.6	$	7.9	$	2.6
Foreign		0.6		0.9		1.3		2.7
Total income taxes paid	$	8.2	$	3.5	$	9.2	$	5.3