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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 82.4 $ 57.4
Receivables:    
Trade receivables, net 325.2 297.2
Other 12.4 73.5
Contract assets 58.5 58.6
Inventories 477.2 525.4
Prepaid expenses and other current assets 34.5 30.5
Total current assets 990.2 1,042.6
Property, plant and equipment, net 1,052.1 1,013.2
Operating lease assets 32.6 39.1
Deferred tax assets, net 6.0 7.5
Intangible assets, net 50.0 55.3
Goodwill 18.8 18.8
Other assets 117.7 112.3
Total assets 2,267.4 2,288.8
Current liabilities:    
Accounts payable 252.7 305.1
Accrued salaries, wages and related expenses 53.0 45.2
Other accrued liabilities 64.3 68.4
Total current liabilities 370.0 418.7
Long-term portion of operating lease liabilities 29.2 35.4
Pension and other postretirement benefits 76.8 69.3
Net liabilities of Salaried VEBA 3.8 16.5
Deferred tax liabilities 13.9 4.9
Long-term liabilities 81.7 74.7
Long-term debt, net 1,039.8 1,038.1
Total liabilities 1,615.2 1,657.6
Commitments and contingencies - Note 10
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2023 and December 31, 2022; no shares were issued and outstanding at December 31, 2023 and December 31, 2022
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2023 and December 31, 2022; 22,851,077 shares issued and 16,015,791 shares outstanding at December 31, 2023; 22,776,042 shares issued and 15,940,756 shares outstanding at December 31, 2022 0.2 0.2
Additional paid in capital 1,104.7 1,090.4
Retained earnings 10.1 13.3
Treasury stock, at cost, 6,835,286 shares at both December 31, 2023 and December 31, 2022 (475.9) (475.9)
Accumulated other comprehensive income 13.1 3.2
Total stockholders’ equity 652.2 631.2
Total liabilities and stockholders' equity $ 2,267.4 $ 2,288.8