| Schedule of Segment Information |
The following tables summarizes certain information regarding segments of the Company's continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2024 |
| (in thousands) |
|
Specialty Chemicals |
|
Tubular Products |
|
Corporate & Other1
|
|
Total Continuing Operations |
| Net sales |
|
$ |
80,764 |
|
|
$ |
97,108 |
|
|
$ |
— |
|
|
$ |
177,872 |
|
| Cost of goods sold - material |
|
40,903 |
|
|
53,284 |
|
|
— |
|
|
94,187 |
|
Cost of goods sold - other2
|
|
28,671 |
|
|
32,402 |
|
|
498 |
|
|
61,571 |
|
| Gross profit |
|
11,190 |
|
|
11,422 |
|
|
(498) |
|
|
22,114 |
|
Selling, general and administrative expense3
|
|
9,546 |
|
|
8,743 |
|
|
8,297 |
|
|
26,586 |
|
| Interest expense, net |
|
75 |
|
|
1 |
|
|
342 |
|
|
418 |
|
| Income taxes |
|
— |
|
|
— |
|
|
6,159 |
|
|
6,159 |
|
| Other expense (income) |
|
476 |
|
|
29 |
|
|
(329) |
|
|
176 |
|
| Net income (loss) |
|
1,093 |
|
|
2,649 |
|
|
(14,967) |
|
|
(11,225) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Identifiable assets |
|
$ |
38,928 |
|
|
$ |
61,980 |
|
|
$ |
46,296 |
|
|
$ |
147,204 |
|
| Capital expenditures |
|
1,180 |
|
|
773 |
|
|
(61) |
|
|
1,892 |
|
| Geographic sales |
|
|
|
|
|
|
|
|
| United States |
|
75,565 |
|
|
95,264 |
|
|
— |
|
170,829 |
|
| International |
|
$ |
5,199 |
|
|
$ |
1,844 |
|
|
— |
|
$ |
7,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2023 |
| (in thousands) |
|
Specialty Chemicals |
|
Tubular Products |
|
Corporate & Other1
|
|
Total Continuing Operations |
| Net sales |
|
$ |
83,616 |
|
|
$ |
109,513 |
|
|
$ |
50 |
|
|
$ |
193,179 |
|
| Cost of goods sold - material |
|
46,377 |
|
|
67,323 |
|
|
(63) |
|
|
113,637 |
|
Cost of goods sold - other2
|
|
31,429 |
|
|
45,864 |
|
|
723 |
|
|
78,016 |
|
| Gross profit |
|
5,810 |
|
|
(3,674) |
|
|
(610) |
|
|
1,526 |
|
Selling, general and administrative expense3
|
|
6,966 |
|
|
7,537 |
|
|
12,209 |
|
|
26,712 |
|
| Goodwill impairment |
|
11,389 |
|
|
— |
|
|
— |
|
|
11,389 |
|
| Interest expense, net |
|
74 |
|
|
1 |
|
|
4,163 |
|
|
4,238 |
|
| Income taxes |
|
— |
|
|
— |
|
|
(6,924) |
|
|
(6,924) |
|
| Other expense (income) |
|
— |
|
|
(1) |
|
|
263 |
|
|
262 |
|
| Net loss |
|
(12,619) |
|
|
(11,211) |
|
|
(10,321) |
|
|
(34,151) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Identifiable assets |
|
$ |
49,547 |
|
|
$ |
70,548 |
|
|
$ |
42,339 |
|
|
$ |
162,434 |
|
| Capital expenditures |
|
1,519 |
|
|
1,104 |
|
|
262 |
|
|
2,885 |
|
| Geographic sales |
|
|
|
|
|
|
|
|
| United States |
|
79,498 |
|
|
108,693 |
|
|
50 |
|
|
188,241 |
|
| International |
|
$ |
4,118 |
|
|
$ |
820 |
|
|
$ |
— |
|
|
$ |
4,938 |
|
1All Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party.
2Cost of good sold - other includes manufacturing labor and overhead expenses, depreciation expense, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses.
3Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, depreciation and amortization expense, corporate overhead allocation expense and other administrative overhead expenses.
|