Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 317,297 $ 362,189 $ 631,188 $ 670,307
Cost of goods sold 300,116 353,345 617,171 656,690
Gross profit 17,181 8,844 14,017 13,617
Selling, general and administrative expenses 7,911 8,996 15,793 16,625
Asset impairments 574
Income (loss) from operations 9,270 (152) (2,350) (3,008)
Interest expense, net (1,734) (319) (3,299) (519)
Income from cash grant 22,652 22,652
Other income (expense), net 59 (66) 78 388
Income (loss) before provision for income taxes 7,595 22,115 (5,571) 19,513
Provision for income taxes
Net income (loss) 7,595 22,115 (5,571) 19,513
Preferred stock dividends (315) (315) (627) (627)
Income allocated to participating securities (96) (284) (251)
Net income (loss) available to common stockholders $ 7,184 $ 21,516 $ (6,198) $ 18,635
Net income (loss) per share, basic (in Dollars per share) $ 0.1 $ 0.29 $ (0.08) $ 0.26
Net income (loss) per share, diluted (in Dollars per share) $ 0.1 $ 0.29 $ (0.08) $ 0.26
Weighted-average shares outstanding, basic (in Shares) 73,394 72,936 73,603 71,690
Weighted-average shares outstanding, diluted (in Shares) 74,103 73,123 73,603 71,958