v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 108.6 $ 156.7
Accounts receivable, net of allowances (2026 - $2.5 million; 2025 - $1.8 million) 152.9 126.0
Inventories, net 275.9 243.2
Deferred charges and prepaid expenses 13.8 26.4
Other current assets 0.2 0.9
Total Current Assets 551.4 553.2
Property, plant and equipment, net 564.7 562.5
Operating lease right-of-use assets 12.2 11.4
Finance lease right-of-use assets 3.0 3.5
Pension assets 7.1 5.6
Intangible assets, net 2.6 2.9
Other non-current assets 2.3 1.1
Total Assets 1,143.3 1,140.2
Current Liabilities    
Accounts payable 159.8 151.1
Salaries, wages and benefits 20.8 29.0
Accrued pension and postretirement costs 6.8 26.8
Current operating lease liabilities 4.1 4.0
Current finance lease liabilities 0.8 0.8
Government funding liabilities 102.8 85.6
Other current liabilities 19.6 17.6
Total Current Liabilities 314.7 314.9
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 8.0 7.3
Non-current finance lease liabilities 1.8 2.8
Accrued pension and postretirement costs 98.3 100.2
Deferred income taxes 16.9 16.9
Other non-current liabilities 11.3 12.1
Total Liabilities 451.0 454.2
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 848.6 850.2
Retained deficit (39.3) (53.6)
Treasury shares - 2026 - 6.7 million; 2025 - 6.5 million (118.4) (116.0)
Accumulated other comprehensive income (loss) 1.4 5.4
Total Shareholders' Equity 692.3 686.0
Total Liabilities and Shareholders’ Equity $ 1,143.3 $ 1,140.2