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Business, Product and Geographical Area Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Business, Product and Geographical Area Information

13. Business, Product, and Geographical Area Information

Our primary line of business is the production of semi-fabricated specialty aluminum mill products, such as plate and sheet, bare and coated coils, and extruded and drawn products, primarily used in our Aero/HS Products, Packaging, GE Products, Automotive Extrusions, and Other products end markets. We operate 13 focused production facilities in the United States and one in Canada. Our chief operating decision maker reviews and evaluates our business as a single operating segment.

The following table presents Net sales by end market applications and by timing of control transfer (in millions of dollars):

 

 

 

Quarter Ended March 31,

 

 

 

2024

 

 

2023

 

Net sales:

 

 

 

 

 

 

Aero/HS Products

 

$

220.5

 

 

$

214.0

 

Packaging

 

 

298.1

 

 

 

354.2

 

GE Products

 

 

153.0

 

 

 

162.1

 

Automotive Extrusions

 

 

63.5

 

 

 

70.8

 

Other products

 

 

2.4

 

 

 

6.5

 

Total net sales

 

$

737.5

 

 

$

807.6

 

 

 

 

 

 

 

Timing of revenue recognition:

 

 

 

 

 

 

Products transferred at a point in time

 

$

569.4

 

 

$

624.8

 

Products transferred over time

 

 

168.1

 

 

 

182.8

 

Total net sales

 

$

737.5

 

 

$

807.6

 

 

The following table presents geographic information for income taxes paid (in millions of dollars):

 

 

 

Quarter Ended March 31,

 

 

 

2024

 

 

2023

 

Income taxes paid:

 

 

 

 

 

 

Domestic

 

$

 

 

$

0.1

 

Foreign

 

 

1.6

 

 

 

0.2

 

Total income taxes paid

 

$

1.6

 

 

$

0.3