Annual report pursuant to Section 13 and 15(d)

Industry Segments (Tables)

v3.24.1
Industry Segments (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table summarizes certain information regarding segments of the Company's continuing operations:
(in thousands) 2023 2022
Net sales    
Tubular Products $ 109,513  $ 154,040 
Specialty Chemicals 83,616  107,542 
All Other 50  411 
  $ 193,179  $ 261,993 
Operating (loss) income    
Tubular Products $ (11,210) $ 22,182 
Specialty Chemicals (12,558) 6,971 
All Other (801) (509)
  (24,569) 28,644 
Corporate
Unallocated corporate expenses (12,018) (12,997)
Acquisition costs and other (843) (1,104)
Total Corporate (12,861) (14,101)
Operating (loss) income (37,430) 14,543 
Interest expense 4,238  2,742 
Other income, net (593) (209)
(Loss) income before income taxes $ (41,075) $ 12,010 
Identifiable assets    
Tubular Products $ 70,548  $ 89,050 
Specialty Chemicals 49,547  72,990 
Corporate & Other 42,339  37,907 
  $ 162,434  $ 199,947 
Depreciation and amortization    
Tubular Products $ 3,145  $ 3,451 
Specialty Chemicals 4,432  4,749 
Corporate & Other 89  74 
  $ 7,666  $ 8,274 
Capital expenditures    
Tubular Products $ 1,104  $ 2,076 
Specialty Chemicals 1,519  1,140 
Corporate & Other 262  178 
  $ 2,885  $ 3,394 
Sales by product group
Fiberglass and steel liquid storage tanks and separation equipment $ 50  $ 411 
Stainless steel pipe and tube 109,513  154,040 
Specialty chemicals 83,616  107,542 
$ 193,179  $ 261,993 
Geographic sales    
United States $ 188,241  $ 253,693 
Elsewhere 4,938  8,300 
  $ 193,179  $ 261,993