1 unchanged sentence
flat-roll products and tubular products.
−Removed: The flat-roll segment was previously referred to as the coil segment.
−Removed: The Company is now using flat-roll to describe the segment due to it being a more common term used in the Company's industry.
Significant financial information relating to the Company’s business segments for the last two years is contained in Note 12 of the Consolidated Financial Statements included in the Company’s Annual Report to Shareholders for the fiscal year ended March 31, 2025, which financial statements are incorporated herein by reference in Item 8 hereof.
4 unchanged sentences
Granite City, Illinois and Sinton, Texas.
−Removed: The facilities in Granite City and East Chicago were acquired on April 30, 2022 from Plateplus, Inc ("Plateplus").
−Removed: More information about the Plateplus transaction can be found in Note 2 of the Consolidated Financial Statements included in the Company’s Annual Report to Shareholders for the fiscal year ended March 31, 2024.
−Removed: The facility in Sinton is a newly constructed facility that commenced operations during October 2022.
The Hickman, Granite City and East Chicago facilities operate temper mills and cut-to-length lines.
13 unchanged sentences
Both pipe mills are American Petroleum Institute (“API”) licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes that meets other recognized industry standards.
−Removed: TTP has a pipe finishing facility capable of applying threads and couplings to oil country tubular goods and performing other services that are customary in the pipe finishing process.
−Removed: The pipe finishing facility is currently idled.
All of the tubular segment's revenue is generated from sales of Company owned inventory.
8 unchanged sentences
The Company’s principal customers for these products and services are steel distributors and customers manufacturing steel products such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products.
−Removed: In fiscal years 2024 and 2023, sales of flat-roll products to O'Neal Steel accounted for approximately 16% and 15% of the Company's total sales, respectively.
+Added: Sales of flat-roll products to O'Neal Steel accounted for approximately 16% of the Company's total sales for both fiscal years 2025 and 2024.
No other individual flat-roll products customer accounted for 10% or more of the Company's total sales for either of the two fiscal years.
12 unchanged sentences
Employee Base
−Removed: At March 31, 2024, the Company had 268 full-time employees, with all of them based in the United States.
+Added: At March 31, 2025, the Company had 271 full-time employees, all based in the United States.
Talent Management and Diversity
9 unchanged sentences
The Company recognizes the importance of our employees' wellness and provides industry leading benefit programs and employee policies that help ensure employees' physical, mental and work-life balance needs are met.
−Removed: Executive Officers of the Company
+Added: Information About Our Executive Officers
The following table sets forth as of March 31, 2025, for each executive officer of the Company, the name, age, officer positions and arrangements with other persons regarding his selection as an officer, if any, and the period during which such officer has served in such capacity:
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.