| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's operations:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| (in thousands) |
2022 |
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2021 |
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2022 |
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2021 |
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| Net sales |
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| Metals Segment |
$ |
87,182 |
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$ |
68,097 |
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$ |
175,679 |
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$ |
123,311 |
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| Specialty Chemicals Segment |
29,020 |
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14,990 |
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56,741 |
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29,554 |
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$ |
116,202 |
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$ |
83,087 |
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$ |
232,420 |
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$ |
152,865 |
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| Operating income (loss) |
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| Metals Segment |
$ |
12,934 |
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$ |
7,504 |
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$ |
27,426 |
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$ |
10,081 |
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| Specialty Chemicals Segment |
2,627 |
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(414) |
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5,014 |
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642 |
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| Unallocated corporate expenses |
3,322 |
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1,360 |
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6,351 |
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3,127 |
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| Acquisition costs and other |
157 |
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— |
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688 |
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— |
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| Proxy contest costs and recoveries |
— |
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632 |
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— |
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168 |
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Earn-out adjustments |
(109) |
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1,044 |
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(7) |
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1,270 |
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| Operating income |
12,191 |
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4,054 |
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25,408 |
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6,158 |
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| Interest expense |
407 |
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353 |
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810 |
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739 |
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| Loss on extinguishment of debt |
— |
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— |
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— |
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223 |
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| Change in fair value of interest rate swap |
— |
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— |
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— |
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(2) |
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| Other, net |
(23) |
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— |
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(58) |
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162 |
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| Income before income taxes |
$ |
11,807 |
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$ |
3,701 |
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$ |
24,656 |
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$ |
5,036 |
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As of |
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| (in thousands) |
June 30, 2022 |
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December 31, 2021 |
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| Identifiable assets |
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| Metals Segment |
$ |
196,429 |
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$ |
160,625 |
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| Specialty Chemicals Segment |
78,013 |
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72,908 |
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| Corporate |
31,999 |
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32,469 |
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$ |
306,441 |
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$ |
266,002 |
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