Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisition of Kodiak Carbonic (Tables)

v3.25.4
Acquisition of Kodiak Carbonic (Tables)
 12 Months Ended
Dec. 31, 2025
Acquisition of Kodiak Carbonic [Abstract]  
Schedule of Unaudited Pro Forma Combined Financial Information Assuming the Acquisition Occurred

The following table presents the Company’s unaudited pro forma combined financial information assuming the acquisition occurred on January 1, 2023 (dollars in thousands except per share amounts):

 

    Years Ended December 31,  
    2025     2024     2023  
                   
Net sales – pro forma   $ 917,927     $ 970,763     $ 1,228,050  
Net income (loss) attributable to common stockholders – pro forma   $ 12,073     $ (58,284 )   $ (27,405 )
Basic and diluted net income (loss) per share – pro forma   $ 0.16     $ (0.79 )   $ (0.37 )
Schedule of Purchase Price Allocation

The purchase price allocation is as follows (in thousands):

 

Cash and equivalents   $ 290  
Accounts receivable     219  
Inventories     154  
Other assets     16  
Total current assets     679  
         
Property and equipment     3,564  
Total tangible assets   $ 4,243  
         
Current liabilities   $ 360  
Total liabilities   $ 360  
         
Net tangible assets acquired   $ 3,883  
Customer relationships     3,685  
Total Purchase Price   $ 7,568