| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's operations:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Mar 31, 2018 |
|
Mar 31, 2017 |
|
Net sales |
|
|
|
|
Metals Segment |
$ |
45,492,247 |
|
|
$ |
29,709,960 |
|
|
Specialty Chemicals Segment |
12,988,355 |
|
|
12,493,619 |
|
|
|
$ |
58,480,602 |
|
|
$ |
42,203,579 |
|
|
Operating income |
|
|
|
|
Metals Segment |
$ |
6,016,531 |
|
|
$ |
1,564,513 |
|
|
Specialty Chemicals Segment |
863,489 |
|
|
1,507,460 |
|
|
|
|
|
|
|
Unallocated corporate expenses |
1,502,721 |
|
|
1,557,069 |
|
|
Acquisition related costs |
— |
|
|
358,477 |
|
|
Operating income |
5,377,299 |
|
|
1,156,427 |
|
|
Interest expense |
313,984 |
|
|
180,315 |
|
|
Change in fair value of interest rate swaps |
(73,204 |
) |
|
(41,430 |
) |
|
Earn-out adjustment |
154,060 |
|
|
— |
|
|
Other loss (income), net |
88,296 |
|
|
(34,395 |
) |
|
Income before income taxes |
$ |
4,894,163 |
|
|
$ |
1,051,937 |
|
|
|
|
|
|
|
|
As of |
|
|
Mar 31, 2018 |
|
Dec 31, 2017 |
|
Identifiable assets |
|
|
|
|
Metals Segment |
$ |
146,173,846 |
|
|
$ |
130,456,857 |
|
|
Specialty Chemicals Segment |
26,655,861 |
|
|
25,394,078 |
|
|
Corporate |
3,160,149 |
|
|
4,023,215 |
|
|
|
$ |
175,989,856 |
|
|
$ |
159,874,150 |
|
|
Goodwill |
|
|
|
|
Metals Segment |
$ |
4,648,795 |
|
|
$ |
4,648,795 |
|
|
Specialty Chemicals Segment |
1,354,730 |
|
|
1,354,730 |
|
|
|
$ |
6,003,525 |
|
|
$ |
6,003,525 |
|
|
|