Company Overview - Allied Properties focuses its real estate portfolio in city centers within Canada, owning office and multi-use assets in tier one areas of Toronto, Montreal, Vancouver, and Calgary [1]. Urban Planning and Market Dynamics - The nature of Canada's urban planning results in density intensification, which may impact the real estate market positively by increasing demand for urban properties [1].

Financial Data and Key Metrics Changes - Ampco-Pittsburgh reported operating income of $1.9 million for Q3 2024, slightly higher than the prior year quarter, which included a $0.2 million insurance recovery [7][24] - Consolidated net sales for Q3 2024 were $96.2 million, a decline of 5.9% compared to Q3 2023, primarily due to lower shipment volumes and lower surcharge pass-through revenues [23] - Net loss for Q3 2024 was $2 million or $0.10 per diluted share, compared to net income of $0.8 million or $0.04 per diluted share for Q3 2023 [30] Business Line Data and Key Metrics Changes - Air & Liquid segment revenue was consistent with the prior year for Q3, while year-to-date revenue increased by 13% due to increased shipments of custom air handling units [9] - Forged and Cast Engineered Products segment net sales were $67.2 million for Q3 2024, down from $73.6 million in the same period last year, primarily due to lower rural volumes and reduced shipments [17] - Segment income from operations for Forged and Cast Engineered Products increased to $2.5 million compared to $1.4 million in Q3 2023, reflecting improved pricing and efficiencies [18] Market Data and Key Metrics Changes - Total backlog at September 30, 2024, was $383.6 million, an increase of approximately $4.6 million from December 31, 2023, primarily in the Forged and Cast Engineered Products segment [32] - The rural market in North America and Europe remained flat due to end customer demand, with ongoing headwinds related to competitive pressures and economic uncertainties [20][21] Company Strategy and Development Direction - The company is focused on lowering its debt position and restructuring actions to improve shareholder returns, with targeted actions for further restructuring [38][58] - Investments in capital equipment are contributing to improved operational efficiencies and positioning the company for future growth [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth prospects in the Air & Liquid segment, particularly due to increased demand from the pharmaceutical market and potential opportunities in the nuclear sector [15][14] - The company anticipates low to mid-single-digit volume growth in the Forged and Cast Engineered Products segment for 2025, driven by improved demand and operational efficiencies [19][48] Other Important Information - Capital expenditures for Q3 2024 were $2.9 million, with expectations for full-year 2024 CapEx in the range of $9 million to $10 million [34] - The company has received additional funding from the U.S. Navy to modernize production equipment, which is expected to enhance manufacturing capabilities [11][12] Q&A Session Summary Question: Long-term visibility and restructuring plans - Management indicated that they have targeted actions for restructuring and are focused on lowering the debt position, with expectations to execute significant solutions within the next 12 to 24 months [36][38] Question: Impact of fracking on Forged and Engineered products - Management noted that the fracking business and general industrial distribution markets are significant factors affecting revenues, with stable orders expected to increase next year [40] Question: Cash flow dynamics year-to-date - Management confirmed a release of working capital contributing to positive cash flow from operating activities, despite pension contributions affecting the total [46][47] Question: Production capacity for heat exchangers in the nuclear market - Management stated that production capacity constraints are minimal, and they can ramp up production as needed for the nuclear market [43] Question: Onshoring trends and market share - Management confirmed that onshoring has already benefited the company, with increased market share among U.S. customers over the past 18 months [56]

Financial Performance - Total net sales for the three months ended September 30, 2024, were $96,166,000, a decrease of 5.1% compared to $102,218,000 for the same period in 2023[7]. - Net loss attributable to Ampco-Pittsburgh for the three months ended September 30, 2024, was $(1,959,000), compared to a net income of $809,000 for the same period in 2023[7]. - Operating costs and expenses for the three months ended September 30, 2024, totaled $94,296,000, down from $100,496,000 for the same period in 2023, a decrease of 6.2%[7]. - The company reported a net loss of $1,454 thousand for the three months ended September 30, 2024, compared to a net income of $1,235 thousand for the same period in 2023[9]. - Comprehensive income for the three months ended September 30, 2024, was $3,845 thousand, down from $1,124 thousand in the same period of 2023, indicating a decrease of approximately 242%[11]. - Total net sales for the nine months ended September 30, 2024, were $317,369 thousand, slightly up from $314,232 thousand in the previous year, reflecting a 1.0% increase[7]. - The total loss before income taxes for the three months ended September 30, 2024, was $(818) thousand, compared to income of $1,311 thousand for the same period in 2023[79]. Cash and Liquidity - Cash and cash equivalents increased to $11,844,000 as of September 30, 2024, from $7,286,000 as of December 31, 2023, representing a 62.5% increase[4]. - Net cash flows provided by operating activities for the nine months ended September 30, 2024, were $10,576 thousand, compared to $10,327 thousand for the same period in 2023, reflecting an increase of 2.4%[14]. - Cash flows used in investing activities totaled $6,657 thousand for the nine months ended September 30, 2024, down from $13,515 thousand in 2023, indicating a decrease of 50.7%[14]. - The total cash and cash equivalents at the end of the period increased to $11,844 thousand as of September 30, 2024, compared to $6,070 thousand at the end of September 30, 2023, representing an increase of 95.5%[14]. Assets and Liabilities - Total current assets rose to $238,707,000 as of September 30, 2024, compared to $236,653,000 as of December 31, 2023, reflecting a slight increase of 0.9%[4]. - Total liabilities decreased to $473,737,000 as of September 30, 2024, down from $494,083,000 as of December 31, 2023, indicating a reduction of 4.1%[4]. - The company reported a decrease in accounts payable to $29,772,000 as of September 30, 2024, from $36,830,000 as of December 31, 2023, a decline of 19.1%[4]. - The retained deficit increased to $(75,661,000) as of September 30, 2024, compared to $(72,997,000) as of December 31, 2023[4]. - Total shareholders' equity rose to $73,676,000 as of September 30, 2024, compared to $71,571,000 as of December 31, 2023, an increase of 2.9%[4]. Segment Performance - Net sales for Forged and Cast Engineered Products were $67,203 thousand for the three months ended September 30, 2024, compared to $73,625 thousand for the same period in 2023, representing a decrease of approximately 8.5%[79]. - The Air and Liquid Processing segment reported net sales of $28,963 thousand for the three months ended September 30, 2024, an increase of approximately 3.0% from $28,593 thousand in the same period of 2023[79]. - Forged and Cast Engineered Products segment reported income before income taxes of $2,456 thousand for the three months ended September 30, 2024, up from $1,448 thousand in the same period of 2023, an increase of approximately 69.5%[79]. - Air and Liquid Processing segment reported income before income taxes of $3,134 thousand for the three months ended September 30, 2024, down from $3,456 thousand in the same period of 2023, a decrease of about 9.3%[79]. Claims and Legal Matters - The Corporation is involved in various claims and lawsuits, including asbestos litigation, which may impact future financial performance[56]. - Total claims pending at the end of the period increased to 6,324 in 2024 from 6,291 in 2023, reflecting a rise of approximately 0.5%[60]. - New claims served decreased to 950 in 2024 from 984 in 2023, a decline of about 3.5%[60]. - Gross settlement and defense costs paid increased to $18,610, up from $16,221 in 2023, representing an increase of approximately 14.7%[60]. - The estimated Asbestos Liability at the end of the period was $220,069 in 2024, up from $137,354 in 2023, reflecting an increase of approximately 60%[65]. - Insurance receivable for asbestos at the end of the period was $146,404 in 2024, compared to $96,393 in 2023, an increase of approximately 52%[66]. Pension and Benefits - Contributions to U.S. defined benefit pension plans amounted to $4,641 for the nine months ended September 30, 2024, compared to $207 for the same period in 2023[35]. - The Corporation's net periodic pension and other postretirement benefit costs included a service cost of $22 for the nine months ended September 30, 2024, down from $29 for the same period in 2023[36]. - The Corporation's interest cost for U.S. defined benefit pension plans was $6,988 for the nine months ended September 30, 2024, down from $7,450 for the same period in 2023[36]. Other Financial Metrics - The average interest rate on the revolving credit facility was approximately 8.26% for the three months ended September 30, 2024, compared to 8.32% for the same period in 2023[29]. - The Corporation's long-term debt stood at $116,010 million as of September 30, 2024, slightly down from $116,382 million on December 31, 2023[27]. - The Corporation was in compliance with all applicable bank covenants as of September 30, 2024[29]. - The Corporation has two Industrial Revenue Bonds (IRBs) outstanding: a $7,116 taxable IRB maturing in 2027 with an average interest rate of 5.40% for the nine months ended September 30, 2024, and a $2,075 tax-exempt IRB maturing in 2029 with an average interest rate of 3.80% for the same period[33].

Financial Performance - Operating income for Q3 2024 was $1.9 million, with year-to-date operating income at $7.0 million, reflecting improved margins in the Forged and Cast Engineered Products segment[1]. - Net sales for Q3 2024 were $96.2 million, a decrease of 5.9% compared to $102.2 million in Q3 2023, primarily due to lower shipment volumes and lower surcharge pass-through revenues[2]. - Year-to-date net sales increased to $317.4 million, up 1.0% from $314.2 million in the same period last year, driven by growth in the Air and Liquid Processing segment[2]. - Income from operations for Q3 2024 improved slightly to $1.9 million compared to $1.7 million in Q3 2023, despite including a $0.2 million recovery from an insolvent insurance carrier in the prior year[3]. - The net loss for Q3 2024 was $(2.0) million, or $(0.10) per diluted share, compared to net income of $0.8 million, or $0.04 per diluted share, in Q3 2023[6]. - Net loss attributable to Ampco-Pittsburgh for the three months ended September 30, 2024, was $(1,959), compared to net income of $809 in the same period of 2023[15]. - Basic net loss per share attributable to Ampco-Pittsburgh common shareholders was $(0.10) for the three months ended September 30, 2024, compared to earnings of $0.04 in the same period of 2023[15]. Segment Performance - Sales for the Forged and Cast Engineered Products segment declined due to lower shipment volumes, although improved base pricing partially offset this decline[7]. - The Air and Liquid Processing segment saw improved sales for the nine months ended September 30, 2024, primarily due to increased shipments from an expanded sales distribution network[9]. - Operating results for the Air and Liquid Processing segment declined due to an unfavorable product mix and higher selling and administrative expenses[10]. - Income from operations for the Forged and Cast Engineered Products segment increased to $2,456 for the three months ended September 30, 2024, from $1,448 in the same period of 2023[16]. - Net sales for the Forged and Cast Engineered Products segment decreased to $67,203 for the three months ended September 30, 2024, from $73,625 in the same period of 2023, representing a decline of 8.5%[17]. - The Air and Liquid Processing segment reported net sales of $28,963 for the three months ended September 30, 2024, a slight increase from $28,593 in the same period of 2023[17]. Costs and Expenses - Total operating costs and expenses for the three months ended September 30, 2024, were $94,296, down from $100,496 in the same period of 2023[15]. - Interest expense increased to $(2,976) for the three months ended September 30, 2024, compared to $(2,468) in the same period of 2023[15]. - The company experienced increased interest expenses due to higher equipment financing debt and average interest rates[4]. - Total other expense — net for the three months ended September 30, 2024, was $(2,688), compared to $(411) in the same period of 2023[15]. Tax and Valuation - The income tax provision increased due to the establishment of a valuation allowance on net deferred tax assets in the U.K. operations, reflecting a three-year cumulative loss history[5]. Shareholder Information - The weighted-average number of common shares outstanding for the three months ended September 30, 2024, was 19,980, compared to 19,729 in the same period of 2023[15].

Core Viewpoint - CalciMedica Inc. is set to present the full data set and win ratio analysis from its Phase 2b CARPO trial of Auxora™ for acute pancreatitis with systemic inflammatory response syndrome on October 30, 2024 [1] Group 1: Company Overview - CalciMedica is a clinical-stage biopharmaceutical company focused on developing novel CRAC channel inhibition therapies for inflammatory and immunologic diseases [3] - The company's lead product candidate, Auxora™, has shown positive clinical results in multiple completed efficacy trials [3] - CalciMedica has completed a Phase 2 trial (CARDEA) in patients with COVID pneumonia and is conducting a Phase 2 trial (KOURAGE) in patients with acute kidney injury [3] Group 2: Upcoming Event Details - A conference call and webcast will be held on October 30, 2024, at 12 p.m. ET/9 a.m. PT to discuss the CARPO trial results [1] - The event will feature a plenary presentation by Prof. Robert Sutton from the University of Liverpool [1] - Interested parties can access the live webcast through CalciMedica's investor relations website [1][2]

Group 1 - Eric is part of the investment team at RBC Insurance, focusing on real assets, financials, and insurance [1] - He holds a Master's degree in Financial Economics from the University of Western Ontario and has completed all three levels of the CFA program [1] - Currently, Eric is gaining the necessary work experience to obtain the CFA charter [1]

Group 1 - Allied Properties REIT has several tailwinds supporting the stock, contributing to a solid distribution of over 9% and potential for stock price appreciation [1] - The focus of the investment strategy is on undercovered and unappreciated Canadian dividend stocks, which are excellent companies at solid values that pay dividends [1] - The article reflects the author's personal opinions and indicates a beneficial long position in the shares of AP.UN:CA through various means [1]

Ampco-Pittsburgh Corporation (NYSE:AP) Q2 2024 Earnings Conference Call August 13, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - CEO Sam Lyon - President, Forged & Cast Engineered Products David Anderson - President, Air & Liquid Systems Corporation Mike McAuley - SVP and CFO Conference Call Participants David Wright - Henry Investment Trust John Bair - Ascend Wealth Advisors Operator Good morning everyone and welcome to the Ampco-Pittsburgh Corporation Second Quarter ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Ampco-Pittsburgh achieved strong sequential earnings improvement in Q2 2024, driven by a 53% year-over-year increase in operating income and 19% sales growth in the Air and Liquid Processing segment - Delivered **strong sequential earnings improvement**, reaching the high end of the previous guidance range[1](index=1&type=chunk) - The prior year's results for the three and six months ended June 30, 2023, included a **$1.9 million benefit** from a foreign energy credit, which improved EPS by **$0.10** in that period[2](index=2&type=chunk)[4](index=4&type=chunk) | Metric | Q2 2024 ($M) | Q2 2023 ($M) | YTD 2024 ($M) | YTD 2023 ($M) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | 111.0 | 107.2 | 221.2 | 212.0 | | **Operating Income** | 5.0 | 3.3 | 5.1 | 5.3 | | **Net Income (attributable)** | 2.0 | 0.4 | (0.7) | 1.1 | | **Diluted EPS ($/share)** | 0.10 | 0.02 | (0.04) | 0.06 | [Consolidated Financial Performance](index=1&type=section&id=Consolidated%20Financial%20Performance) Consolidated financial performance improved in Q2 2024 due to higher net roll pricing, despite challenges from European cast roll losses, weak forged product markets, and increased interest expenses - The underlying improvement in operating income is primarily attributed to **higher net roll pricing** in the Forged and Cast Engineered Products segment[2](index=2&type=chunk) - CEO commentary points to a strong quarter reflecting current potential, with new machinery running and a rebound in Air and Liquid Processing margins; however, challenges persist with **losses in the European cast roll business** and a **weak market for forged engineered products**[3](index=3&type=chunk) - Interest expense increased year-over-year for both the three and six-month periods due to higher equipment financing debt, increased revolving credit borrowings, and higher average interest rates[3](index=3&type=chunk)[4](index=4&type=chunk) [Segment Performance Analysis](index=2&type=section&id=Segment%20Performance%20Analysis) The Forged and Cast Engineered Products segment improved operating results despite slight sales decline, while Air and Liquid Processing achieved 19% sales growth, tempered by unfavorable product mix and higher expansion costs [Forged and Cast Engineered Products](index=2&type=section&id=Forged%20and%20Cast%20Engineered%20Products) Sales for this segment slightly declined due to lower shipment volumes, offset by improved pricing and product mix, leading to improved operating results - Sales declined slightly due to lower shipment volume, offset by improved pricing and favorable product mix[5](index=5&type=chunk) - Operating results improved year-over-year due to better pricing and manufacturing cost fluctuations; the prior-year periods included a **$1.9 million benefit** from a foreign energy credit[5](index=5&type=chunk) | Period | Net Sales 2024 ($M) | Net Sales 2023 ($M) | | :--- | :--- | :--- | | **Three Months** | 75.7 | 77.6 | | **Six Months** | 152.9 | 154.4 | [Air and Liquid Processing](index=2&type=section&id=Air%20and%20Liquid%20Processing) This segment achieved a strong 19% sales increase driven by expanded distribution and a new facility, though operating income was impacted by unfavorable product mix and higher expansion costs - Sales improved **19%** for both the three and six-month periods, driven by increased shipments from an expanded sales network and a new manufacturing facility[6](index=6&type=chunk) - Operating results were negatively impacted by an unfavorable product mix of heat exchangers and centrifugal pumps, as well as higher commissions, employee costs, and lease costs associated with expansion[7](index=7&type=chunk) | Period | Net Sales 2024 ($M) | Net Sales 2023 ($M) | | :--- | :--- | :--- | | **Three Months** | 35.3 | 29.6 | | **Six Months** | 68.3 | 57.6 | [Financial Statements](index=5&type=section&id=Financial%20Statements) This section presents detailed unaudited consolidated financial summaries and segment-level net sales and operating income for Ampco-Pittsburgh Corporation [Financial Summary (Consolidated)](index=5&type=section&id=Financial%20Summary%20(Consolidated)) This consolidated financial summary details the company's income statement, including revenues, costs, operating income, and net income attributable to shareholders | (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total net sales** | 110,988 | 107,211 | 221,203 | 212,014 | | **Income from operations** | 5,043 | 3,288 | 5,125 | 5,281 | | **Net income (loss) attributable to Ampco-Pittsburgh** | 2,012 | 423 | (705) | 1,099 | | **Diluted net income (loss) per share ($/share)** | 0.10 | 0.02 | (0.04) | 0.06 | [Segment Information](index=6&type=section&id=Segment%20Information) This table details the financial performance of the company's two primary operating segments, presenting net sales and operating income contributions Net Sales by Segment (in thousands) | Segment | Q2 2024 ($K) | Q2 2023 ($K) | YTD 2024 ($K) | YTD 2023 ($K) | | :--- | :--- | :--- | :--- | :--- | | **Forged and Cast Engineered Products** | 75,713 | 77,581 | 152,902 | 154,379 | | **Air and Liquid Processing** | 35,275 | 29,630 | 68,301 | 57,635 | | **Consolidated** | 110,988 | 107,211 | 221,203 | 212,014 | Operating Income by Segment (in thousands) | Segment | Q2 2024 ($K) | Q2 2023 ($K) | YTD 2024 ($K) | YTD 2023 ($K) | | :--- | :--- | :--- | :--- | :--- | | **Air and Liquid Processing** | 3,174 | 2,977 | 5,156 | 5,930 | | **Corporate costs** | (3,492) | (3,593) | (6,968) | (6,777) | | **Consolidated** | 5,043 | 3,288 | 5,125 | 5,281 | [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) Ampco-Pittsburgh will host a conference call on August 13, 2024, at 10:30 a.m. ET to discuss Q2 financial results, with pre-registration and replay options available - A conference call to discuss Q2 2024 financial results is scheduled for Tuesday, August 13, 2024, at **10:30 a.m. ET**[8](index=8&type=chunk) - Participants are encouraged to pre-register online or can dial in using the provided toll-free and international numbers[8](index=8&type=chunk) [Company Overview and Forward-Looking Statements](index=3&type=section&id=Company%20Overview%20and%20Forward-Looking%20Statements) Ampco-Pittsburgh manufactures specialty metal products and customized equipment globally, with the report including a standard disclaimer on forward-looking statements and associated risks - The company is a leading producer of forged and cast rolls for the global steel and aluminum industries and also produces air and liquid processing equipment[9](index=9&type=chunk) - The press release contains forward-looking statements that are subject to risks and uncertainties, including cyclical demand, excess global capacity in the steel industry, and fluctuations in commodity prices[10](index=10&type=chunk)

Financial Performance - Total net sales for the three months ended June 30, 2024, were $110,988,000, an increase of 3.3% compared to $107,211,000 for the same period in 2023[9]. - Net income attributable to Ampco-Pittsburgh for the three months ended June 30, 2024, was $2,012,000, compared to $423,000 for the same period in 2023, representing a significant increase[9]. - For the three months ended June 30, 2024, the net income was $2,552,000, compared to $996,000 for the same period in 2023, representing a significant increase of 156%[14]. - The total comprehensive income for the six months ended June 30, 2024, was $1,957,000, compared to $2,102,000 for the same period in 2023, indicating a decrease of 7%[14]. - The Corporation's total income before income taxes for the three months ended June 30, 2024, was $3.4 million, compared to $1.1 million in the same period of 2023, indicating a significant improvement[78]. Assets and Liabilities - Total current assets increased to $247,384,000 as of June 30, 2024, from $236,653,000 as of December 31, 2023, reflecting a growth of 4.6%[6]. - Total liabilities decreased to $491,347,000 as of June 30, 2024, from $494,083,000 as of December 31, 2023, indicating a reduction of 0.7%[6]. - The company’s total assets decreased to $560,806,000 as of June 30, 2024, from $565,654,000 as of December 31, 2023, a decline of 0.8%[6]. - Total shareholders' equity decreased to $69,459,000 as of June 30, 2024, from $71,571,000 as of December 31, 2023, a decline of 2.9%[6]. - The company reported an increase in trade receivables to $83,974,000 as of June 30, 2024, from $78,939,000 as of December 31, 2023, representing a growth of 6.4%[6]. Cash Flow and Investments - Cash and cash equivalents increased to $7,892,000 as of June 30, 2024, from $7,286,000 as of December 31, 2023, a rise of 8.3%[6]. - Cash flows used in operating activities for the six months ended June 30, 2024, were $(780,000), a notable improvement from $(7,105,000) in the same period of 2023[16]. - The company reported net cash flows used in investing activities of $(4,370,000) for the six months ended June 30, 2024, compared to $(9,560,000) in the prior year, reflecting a reduction of 54%[16]. - The balance of cash and cash equivalents at the end of the period on June 30, 2024, was $7,892,000, down from $9,475,000 at the end of June 30, 2023[16]. - The company reported a net increase in cash and cash equivalents of $606,000 for the six months ended June 30, 2024, compared to an increase of $740,000 in the same period of 2023[16]. Operating Costs - The company reported operating costs of $105,945,000 for the three months ended June 30, 2024, compared to $103,923,000 for the same period in 2023, an increase of 2.0%[9]. - Stock-based compensation for the three months ended June 30, 2024, was $388,000, a decrease from $483,000 in the same period in 2023, showing a decline of 20%[14]. - The Corporation's amortization of intangible assets for the three months ended June 30, 2024, was $85, compared to $86 for the same period in 2023, showing a slight decrease[26]. Segment Performance - Net sales for the Forged and Cast Engineered Products segment were $75.7 million for the three months ended June 30, 2024, compared to $77.6 million in 2023, reflecting a decrease of 2.4%[78]. - The Air and Liquid Processing segment reported net sales of $35.3 million for the three months ended June 30, 2024, an increase of 19% from $29.6 million in 2023[78]. - Total reportable segments generated net sales of $111 million for the three months ended June 30, 2024, compared to $107.2 million in 2023, representing a growth of 3.3%[78]. - Income before income taxes for the Forged and Cast Engineered Products segment increased to $5.4 million in Q2 2024 from $3.9 million in Q2 2023, a growth of 37.4%[78]. Asbestos Liability - Total claims pending for Asbestos Liability at the end of June 30, 2024, were 6,248, a decrease from 6,489 claims at the end of June 30, 2023[61]. - Gross settlement and defense costs paid for Asbestos Liability in the six months ended June 30, 2024, amounted to $11.843 million, compared to $10.789 million in the same period of 2023[61]. - Asbestos liability at the end of June 30, 2024, was $226.836 million, an increase from $142.786 million at the end of June 30, 2023[66]. - Insurance receivable related to Asbestos Liability at the end of June 30, 2024, was $151.050 million, up from $99.223 million at the end of June 30, 2023[67]. Debt and Financing - Outstanding borrowings rose to $135,241 as of June 30, 2024, from $128,653 as of December 31, 2023, representing an increase of approximately 5.5%[31]. - The Corporation's current portion of debt increased to $15,886 as of June 30, 2024, from $12,271 as of December 31, 2023, indicating a rise of about 29.5%[31]. - The Corporation has a revolving credit facility of $100,000, which can be increased to $130,000, with outstanding borrowings of $61,896 as of June 30, 2024[32]. - The average interest rate for the revolving credit facility was approximately 8.22% for the three and six months ended June 30, 2024, compared to 7.87% and 7.78% for the same periods in 2023[32]. Other Financial Metrics - The total accumulated other comprehensive loss was $(66,532), with a net change of $(3,067) for the six months ended June 30, 2024[43]. - Approximately 41% of anticipated copper purchases ($2,495) and 56% of anticipated aluminum purchases ($621) are hedged as of June 30, 2024[48]. - The estimated amount to be reclassified from accumulated other comprehensive loss to earnings for foreign currency purchase contracts in the next 12 months is $28[51]. - The Corporation's financial assets and liabilities reported at fair value as of June 30, 2024, are detailed in the condensed consolidated balance sheets[52].