Quarterly report pursuant to Section 13 or 15(d)

Industry Segments (Tables)

v3.22.2.2
Industry Segments (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information
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) 2022 2021 2022 2021
Net sales
Tubular Products $ 72,839  $ 70,127  $ 248,517  $ 193,438 
Specialty Chemicals 27,328  16,055  84,070  45,609 
$ 100,167  $ 86,182  $ 332,587  $ 239,047 
Operating income
Tubular Products $ 4,509  $ 11,711  $ 31,935  $ 21,793 
Specialty Chemicals 1,097  1,356  6,111  1,999 
Corporate
Unallocated corporate expenses 3,890  2,009  10,241  5,138 
Acquisition costs and other 149  201  837  201 
Proxy contest costs and recoveries —  —  —  168 
Earn-out adjustments —  160  (7) 1,430 
Total Corporate 4,039  2,370  11,071  6,937 
Operating income 1,567  10,697  26,975  16,855 
Interest expense 827  329  1,637  1,068 
Loss on extinguishment of debt —  —  —  223 
Change in fair value of interest rate swap —  —  —  (2)
Other, net (118) (10) (176) 152 
Income before income taxes $ 858  $ 10,378  $ 25,514  $ 15,414 
As of
(in thousands) September 30, 2022 December 31, 2021
Identifiable assets
Tubular Products $ 190,646  $ 160,625 
Specialty Chemicals $ 77,391  72,908 
Corporate $ 31,405  32,469 
$ 299,442  $ 266,002