| Segment Information |
Segment Information
The following table summarizes certain information regarding segments of the Company's operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
Sep 30, 2018 |
|
Sep 30, 2017 |
|
Sep 30, 2018 |
|
Sep 30, 2017 |
Net sales |
|
|
|
|
|
|
|
Metals Segment |
$ |
61,024,373 |
|
|
$ |
43,022,833 |
|
|
$ |
162,891,099 |
|
|
$ |
111,821,115 |
|
Specialty Chemicals Segment |
16,768,505 |
|
|
11,573,091 |
|
|
45,276,144 |
|
|
36,489,433 |
|
|
$ |
77,792,878 |
|
|
$ |
54,595,924 |
|
|
$ |
208,167,243 |
|
|
$ |
148,310,548 |
|
Operating income (loss) |
|
|
|
|
|
|
|
Metals Segment |
$ |
7,984,117 |
|
|
$ |
(1,263,900 |
) |
|
$ |
23,091,164 |
|
|
$ |
2,659,666 |
|
Specialty Chemicals Segment |
1,354,617 |
|
|
1,150,661 |
|
|
3,324,778 |
|
|
3,796,032 |
|
|
|
|
|
|
|
|
|
Unallocated corporate expenses |
1,894,775 |
|
|
1,554,364 |
|
|
5,617,113 |
|
|
4,712,461 |
|
Acquisition related costs |
180,671 |
|
|
37,402 |
|
|
870,888 |
|
|
782,397 |
|
Earn-out adjustments |
(269,083 |
) |
|
62,804 |
|
|
2,192,574 |
|
|
145,200 |
|
Operating income (loss) |
7,532,371 |
|
|
(1,767,809 |
) |
|
17,735,367 |
|
|
815,640 |
|
Interest expense |
585,888 |
|
|
279,598 |
|
|
1,303,724 |
|
|
715,131 |
|
Change in fair value of interest rate swaps |
(7,490 |
) |
|
(8,497 |
) |
|
(99,948 |
) |
|
(33,000 |
) |
Other loss (income), net |
493,413 |
|
|
(316,158 |
) |
|
522,598 |
|
|
(316,158 |
) |
Income before income taxes |
$ |
6,460,560 |
|
|
$ |
(1,722,752 |
) |
|
$ |
16,008,993 |
|
|
$ |
449,667 |
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
Sep 30, 2018 |
|
Dec 31, 2017 |
|
|
|
|
Identifiable assets |
|
|
|
|
|
|
|
Metals Segment |
$ |
199,390,326 |
|
|
$ |
130,456,857 |
|
|
|
|
|
Specialty Chemicals Segment |
31,109,653 |
|
|
25,394,078 |
|
|
|
|
|
Corporate |
9,863,158 |
|
|
4,023,215 |
|
|
|
|
|
|
$ |
240,363,137 |
|
|
$ |
159,874,150 |
|
|
|
|
|
Goodwill |
|
|
|
|
|
|
|
Metals Segment |
$ |
8,194,262 |
|
|
$ |
4,648,795 |
|
|
|
|
|
|
Specialty Chemicals Segment |
1,354,730 |
|
|
1,354,730 |
|
|
|
|
|
|
$ |
9,548,992 |
|
|
$ |
6,003,525 |
|
|
|
|
|
|