| 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 June 30, |
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Six Months Ended June 30, |
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| (in thousands) |
2024 |
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2023 |
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2024 |
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2023 |
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| Net sales |
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| Tubular Products |
$ |
28,721 |
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$ |
28,992 |
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$ |
52,536 |
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$ |
60,053 |
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| Specialty Chemicals |
21,468 |
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21,363 |
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41,764 |
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45,112 |
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| All Other |
— |
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— |
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— |
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50 |
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$ |
50,189 |
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$ |
50,355 |
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$ |
94,300 |
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$ |
105,215 |
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| Operating income (loss) |
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| Tubular Products |
$ |
889 |
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$ |
(3,302) |
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$ |
(613) |
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$ |
(6,596) |
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| Specialty Chemicals |
429 |
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(806) |
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(1,010) |
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546 |
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| All Other |
(100) |
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(74) |
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(261) |
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(552) |
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| Corporate |
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| Unallocated corporate expenses |
(1,429) |
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(2,750) |
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(3,579) |
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(6,455) |
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| Acquisition costs and other |
(52) |
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(17) |
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(52) |
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(274) |
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| Total Corporate |
(1,481) |
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(2,767) |
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(3,631) |
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(6,729) |
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| Operating loss |
(263) |
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(6,949) |
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(5,515) |
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(13,331) |
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| Interest expense, net |
72 |
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1,047 |
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199 |
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2,154 |
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| Other, net |
(93) |
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(154) |
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(212) |
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(247) |
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| Loss from continuing operations before income taxes |
$ |
(242) |
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$ |
(7,842) |
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$ |
(5,502) |
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$ |
(15,238) |
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As of |
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| (in thousands) |
June 30, 2024 |
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December 31, 2023 |
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| Identifiable assets |
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| Tubular Products |
$ |
70,173 |
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$ |
70,548 |
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| Specialty Chemicals |
45,469 |
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49,547 |
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| Corporate and other |
42,531 |
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42,339 |
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$ |
158,173 |
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$ |
162,434 |
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