v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 156.7 $ 240.7
Accounts receivable, net of allowances (2025 - $1.8 million; 2024 - $1.7 million) 126.0 90.8
Inventories, net 243.2 219.8
Deferred charges and prepaid expenses 26.4 29.9
Other current assets 0.9 6.1
Total Current Assets 553.2 587.3
Property, plant and equipment, net 562.5 507.3
Operating lease right-of-use assets 11.4 11.7
Finance lease right-of-use assets 3.5 0.0
Pension assets 5.6 5.5
Intangible assets, net 2.9 3.4
Other non-current assets 1.1 1.5
Total Assets 1,140.2 1,116.7
Current Liabilities    
Accounts payable 151.1 119.2
Salaries, wages and benefits 29.0 16.8
Accrued pension and postretirement costs 26.8 66.5
Current operating lease liabilities 4.0 4.8
Current finance lease liabilities 0.8 0.0
Current convertible notes, net 0.0 5.4
Government funding liabilities 85.6 53.5
Other current liabilities 17.6 15.3
Total Current Liabilities 314.9 281.5
Non-Current Liabilities    
Credit Agreement 0.0 0.0
Non-current operating lease liabilities 7.3 6.9
Non-current finance lease liabilities 2.8 0.0
Accrued pension and postretirement costs 100.2 110.2
Deferred income taxes 16.9 14.3
Other non-current liabilities 12.1 13.3
Total Liabilities 454.2 426.2
Shareholders’ Equity    
Preferred shares, without par value; authorized 10.0 million shares, none issued 0.0 0.0
Common shares, without par value; authorized 200.0 million shares; issued 2025 - 48.2 million shares; issued 2024 - 48.2 million shares 0.0 0.0
Additional paid-in capital 850.2 843.9
Retained deficit (53.6) (52.4)
Treasury shares - 2025 - 6.5 million; 2024 - 5.9 million (116.0) (108.7)
Accumulated other comprehensive income (loss) 5.4 7.7
Total Shareholders’ Equity 686.0 690.5
Total Liabilities and Shareholders’ Equity $ 1,140.2 $ 1,116.7