| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's continuing operations:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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| (in thousands) |
2023 |
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2022 |
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2023 |
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2022 |
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| Net sales |
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| Tubular Products |
$ |
36,061 |
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$ |
50,606 |
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$ |
118,983 |
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$ |
162,059 |
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| Specialty Chemicals |
20,052 |
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27,328 |
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65,164 |
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84,070 |
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| All Other |
— |
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287 |
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50 |
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401 |
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$ |
56,113 |
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$ |
78,221 |
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$ |
184,197 |
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$ |
246,530 |
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| Operating income (loss) |
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| Tubular Products |
$ |
1,705 |
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$ |
7,640 |
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$ |
3,264 |
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$ |
34,761 |
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| Specialty Chemicals |
(11,481) |
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1,097 |
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(10,935) |
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6,111 |
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| All Other |
(132) |
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(13) |
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(684) |
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(330) |
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| Corporate |
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| Unallocated corporate expenses |
(2,859) |
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(3,890) |
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(9,314) |
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(10,241) |
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| Acquisition costs and other |
— |
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(149) |
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(274) |
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(837) |
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| Total Corporate |
(2,859) |
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(4,039) |
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(9,588) |
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(11,078) |
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| Operating income (loss) |
(12,767) |
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4,685 |
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(17,943) |
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29,464 |
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| Interest expense |
1,063 |
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827 |
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3,217 |
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1,637 |
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| Other, net |
(97) |
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(118) |
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(344) |
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(176) |
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| Income (loss) from continuing operations before income taxes |
$ |
(13,733) |
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$ |
3,976 |
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$ |
(20,816) |
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$ |
28,003 |
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As of |
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| (in thousands) |
September 30, 2023 |
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December 31, 2022 |
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| Identifiable assets |
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| Tubular Products |
$ |
106,968 |
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$ |
112,926 |
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| Specialty Chemicals |
53,529 |
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72,990 |
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| Corporate and other |
54,694 |
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83,127 |
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$ |
215,191 |
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$ |
269,043 |
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