Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Segment Information - Reconciliation of Adjusted EBITDA to Income Before Provision for Income Taxes and Equity Income (Details)

v3.19.1
Note 5 - Segment Information - Reconciliation of Adjusted EBITDA to Income Before Provision for Income Taxes and Equity Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 430.3 $ 471.8
Adjusted EBITDA 36.6 38.3
Depreciation expense (5.6) (5.1)
Amortization expense (0.1) (0.1)
Interest expense, net (4.0) (4.3)
Net income attributable to noncontrolling interest 0.1 0.1
Unrealized (loss) gain on derivative contracts [1] 3.3 (2.4)
Specified legal / professional expenses [2] (1.3)
Lower of cost or market adjustment to inventory [3] 2.8 0.9
Step-up costs from acquisition accounting (0.2)
Income before provision for income taxes 24.7 21.2
Operating Segments [Member]    
Net sales 430.3 471.8
Intersegment Eliminations [Member]    
Net sales 36.1 21.4
Corporate, Non-Segment [Member]    
Adjusted EBITDA (7.1) (6.0)
Olin Brass [Member]    
Adjusted EBITDA 13.9 14.0
Olin Brass [Member] | Operating Segments [Member]    
Net sales 172.3 178.7
Olin Brass [Member] | Intersegment Eliminations [Member]    
Net sales 36.0 21.4
Chase Brass [Member]    
Adjusted EBITDA 17.0 18.6
Chase Brass [Member] | Operating Segments [Member]    
Net sales 146.3 171.6
Chase Brass [Member] | Intersegment Eliminations [Member]    
Net sales
A.J. Oster [Member]    
Adjusted EBITDA 5.7 5.7
A.J. Oster [Member] | Operating Segments [Member]    
Net sales 111.7 121.5
A.J. Oster [Member] | Intersegment Eliminations [Member]    
Net sales $ 0.1
[1] Represents unrealized gains / losses on derivative contracts.
[2] Represents selected professional fees for accounting, tax, legal and consulting services for merger and acquisition activity.
[3] Represents the impact of lower of cost or market adjustments to domestic metal inventory.