v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 117.3 $ 7.0
Receivables, net 531.6 423.3
Contract assets 73.9 63.4
Inventories 847.9 725.2
Prepaid expenses and other current assets 44.4 42.6
Total current assets 1,615.1 1,261.5
Property, plant and equipment, net 1,140.4 1,145.2
Operating lease assets 22.0 22.4
Deferred tax assets, net 0.0 0.2
Intangible assets, net 37.2 41.0
Goodwill 18.8 18.8
Other assets 84.8 75.7
Total assets 2,918.3 2,564.8
Current liabilities:    
Accounts payable 431.1 274.6
Accrued salaries, wages and related expenses 60.1 61.3
Other accrued liabilities 123.7 91.3
Total current liabilities 614.9 427.2
Long-term portion of operating lease liabilities 20.2 21.7
Pension and OPEB 72.1 73.4
Deferred tax liabilities 114.0 75.4
Long-term liabilities 82.9 81.4
Long-term debt, net 1,038.7 1,059.6
Total liabilities 1,942.8 1,738.7
Commitments and contingencies - Note 6
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2026 and December 31, 2025; no shares were issued and outstanding at September 30, 2026 and December 31, 2025 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2026 and December 31, 2025; 23,185,172 shares issued and 16,349,886 shares outstanding at September 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 1,138.1 1,132.5
Retained earnings 293.6 142.5
Treasury stock, at cost, 6,835,286 shares at both September 30, 2026 and December 31, 2025 (475.9) (475.9)
AOCI 19.5 26.8
Total stockholders’ equity 975.5 826.1
Total liabilities and stockholders' equity $ 2,918.3 $ 2,564.8