Quarterly report pursuant to Section 13 or 15(d)

Industry Segments

v3.21.2
Industry Segments
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Industry Segments Industry Segments
The following table summarizes certain information regarding segments of the Company's operations:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2021 2020 2021 2020
Net sales
Metals Segment $ 70,127  $ 47,079  $ 193,438  $ 159,761 
Specialty Chemicals Segment 16,055  12,187  45,609  40,338 
$ 86,182  $ 59,266  $ 239,047  $ 200,099 
Operating income (loss)
Metals Segment $ 11,711  $ (11,563) $ 21,793  $ (19,784)
Specialty Chemicals Segment 1,356  1,061  1,999  3,508 
Unallocated corporate expenses 2,009  1,526  5,138  5,132 
Acquisition costs and other 201  656  201  803 
Proxy contest costs and recoveries —  207  168  3,105 
Earn-out adjustments
 160  (146) 1,430  (969)
Gain on lease modification —  (171) —  (171)
Operating income (loss) 10,697  (12,574) 16,855  (24,176)
Interest expense 329  452  1,068  1,703 
Loss on extinguishment of debt —  —  223  — 
Change in fair value of interest rate swap —  (16) (2) 65 
Other expense (income), net (10) 59  152  (1,244)
Income (loss) before income taxes $ 10,378  $ (13,069) $ 15,414  $ (24,700)
As of
(in thousands) September 30, 2021 December 31, 2020
Identifiable assets
Metals Segment $ 160,170  $ 141,799 
Specialty Chemicals Segment 29,626  25,039 
Corporate 34,361  40,146 
$ 224,157  $ 206,984