v3.26.1
INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 78,775 $ 186,805
Restricted cash 5,000 0
Accounts receivable, net 308,554 298,889
Inventories 375,301 359,401
Prepaid expenses and other 15,720 20,707
Total current assets 783,350 865,802
Property, plant and equipment, net 1,028,469 1,115,490
Amortizable intangible assets, net 24,335 26,110
Operating lease right-of-use assets 5,696 6,818
Pension asset 11,328 12,975
Deferred income tax assets 4,929 7,839
Other long-term assets 11,800 6,386
Total assets 1,869,907 2,041,420
Current liabilities    
Accounts payable and other 270,496 269,217
Pension and other post-retirement benefit obligations 718 745
Current debt 329,662 13,664
Total current liabilities 600,876 283,626
Long-term debt 1,305,711 1,605,144
Pension and other post-retirement benefit obligations 10,786 10,392
Operating lease liabilities 3,048 3,858
Deferred income tax liabilities 33,079 58,298
Other long-term liabilities 14,381 12,042
Total liabilities 1,967,881 1,973,360
Shareholders’ equity    
Common shares $1 par value; 200,000,000 authorized; 67,018,000 issued and outstanding (2025 - 66,983,000) 67,083 66,871
Additional paid-in capital 365,066 365,357
Accumulated deficit (404,990) (277,016)
Accumulated other comprehensive loss (125,133) (87,152)
Total shareholders' equity (deficit) (97,974) 68,060
Total liabilities and shareholders’ equity 1,869,907 2,041,420
Commitments and contingencies (Note 14)