| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
|
| (in thousands) |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
|
|
|
| Net sales |
|
|
|
|
|
|
|
|
|
|
|
| Tubular Products |
$ |
22,023 |
|
|
$ |
26,695 |
|
|
$ |
74,559 |
|
|
$ |
86,748 |
|
|
|
|
|
| Specialty Chemicals |
20,878 |
|
|
20,052 |
|
|
62,642 |
|
|
65,165 |
|
|
|
|
|
| All Other |
— |
|
|
— |
|
|
— |
|
|
50 |
|
|
|
|
|
|
$ |
42,901 |
|
|
$ |
46,747 |
|
|
$ |
137,201 |
|
|
$ |
151,963 |
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
| Tubular Products |
$ |
1,653 |
|
|
$ |
(620) |
|
|
$ |
1,040 |
|
|
$ |
(7,215) |
|
|
|
|
|
| Specialty Chemicals |
385 |
|
|
(11,481) |
|
|
(625) |
|
|
(10,935) |
|
|
|
|
|
| All Other |
(117) |
|
|
(132) |
|
|
(378) |
|
|
(684) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate |
|
|
|
|
|
|
|
|
|
|
|
| Unallocated corporate expenses |
(1,490) |
|
|
(2,859) |
|
|
(5,070) |
|
|
(9,314) |
|
|
|
|
|
| Acquisition costs and other |
(2) |
|
|
— |
|
|
(53) |
|
|
(274) |
|
|
|
|
|
| Gain on lease modification |
67 |
|
|
— |
|
|
67 |
|
|
— |
|
|
|
|
|
| Total Corporate |
(1,425) |
|
|
(2,859) |
|
|
(5,056) |
|
|
(9,588) |
|
|
|
|
|
| Operating income (loss) |
496 |
|
|
(15,092) |
|
|
(5,019) |
|
|
(28,422) |
|
|
|
|
|
| Interest expense, net |
124 |
|
|
1,063 |
|
|
323 |
|
|
3,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other, net |
(91) |
|
|
(97) |
|
|
(303) |
|
|
(344) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations before income taxes |
$ |
463 |
|
|
$ |
(16,058) |
|
|
$ |
(5,039) |
|
|
$ |
(31,295) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
|
|
| (in thousands) |
September 30, 2024 |
|
December 31, 2023 |
|
|
|
|
|
|
|
|
| Identifiable assets |
|
|
|
|
|
|
|
|
|
|
|
| Tubular Products |
$ |
64,571 |
|
|
$ |
70,548 |
|
|
|
|
|
|
|
|
|
| Specialty Chemicals |
43,905 |
|
|
49,547 |
|
|
|
|
|
|
|
|
|
| Corporate and other |
40,084 |
|
|
42,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
148,560 |
|
|
$ |
162,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|