Financial information by business segment for the three and six months ended June 30, 2025 and 2024 is summarized below.


	Three Months Ended June 30,
	2025
	Pressure Control		Spoolable Technologies		Total

Revenues from external customers	$	177,350	$	96,225	$	273,575
Intersegment revenue	2,422		—		2,422
Total revenues	179,772		96,225		275,997
Reconciliation of revenue
Elimination of intersegment revenue					(2,422)
Total consolidated revenues					273,575

Less:(1)
Cost of revenue from external customers	$	117,743	$	55,837	173,580
Intersegment cost of revenue	2,071		—		2,071
Total cost of revenues	119,814		55,837		175,651
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(2,071)
Total consolidated cost of revenue					173,580

Selling, general, administrative expenses and other (2)	17,625		12,335
Segment profit	$	42,333	$	28,053	$	70,386

Reconciliation of segment profit
Elimination of intersegment profit					(351)
Total consolidated segment profit					$	70,035
Corporate expenses (3)					(9,230)
Total operating income					$	60,805
Interest income, net					2,518
Other income, net					—
Income before income taxes					$	63,323

(2) For each reportable segment, the 'Selling, general, administrative expenses and other' line items category includes: salaries and wages, stock based compensation amortization expense, depreciation expense, professional fees, rent expense, and other miscellaneous items.


	Three Months Ended June 30,
	2024
	Pressure Control		Spoolable Technologies		Total

Revenues from external customers	$	186,673	$	103,716	$	290,389
Intersegment revenue	519		—		519
Total revenues	187,192		103,716		290,908
Reconciliation of revenue
Elimination of intersegment revenue					(519)
Total consolidated revenues					290,389

Less:(1)
Cost of revenue from external customers	$	117,595	$	58,872	$	176,467
Intersegment cost of revenue	414		—		414
Total cost of revenues	118,009		58,872		176,881
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(414)
Total consolidated cost of revenue					176,467

Selling, general, administrative expenses and other (2)	13,514		14,803
Segment profit	$	55,669	$	30,041	$	85,710

Reconciliation of segment profit
Elimination of intersegment profit					(105)
Total consolidated segment profit					$	85,605
Corporate expenses (3)					(5,786)
Total operating income					$	79,819
Interest income, net					1,405
Other income, net					—
Income before income taxes					$	81,224


	Six Months Ended June 30,
	2025
	Pressure Control		Spoolable Technologies		Total

Revenues from external customers	$	365,091	$	188,803	$	553,894
Intersegment revenue	4,958		—		4,958
Total revenues	370,049		188,803		558,852
Reconciliation of revenue
Elimination of intersegment revenue					(4,958)
Total consolidated revenues					553,894

Less:(1)
Cost of revenue from external customers	$	233,989	$	112,172	$	346,161
Intersegment cost of revenue	4,297		—		4,297
Total cost of revenues	238,286		112,172		350,458
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(4,297)
Total consolidated cost of revenue					346,161

Selling, general, administrative expenses and other (2)	35,097		24,702
Segment profit	$	96,666	$	51,929	$	148,595

Reconciliation of segment profit
Elimination of intersegment profit					(661)
Total consolidated segment profit					$	147,934
Corporate expenses (3)					(18,517)
Total operating income					$	129,417
Interest income, net					4,843
Other income, net					—
Income before income taxes					$	134,260


	Six Months Ended June 30,
	2024
	Pressure Control		Spoolable Technologies		Total

Revenues from external customers	$	361,701	$	202,811	$	564,512
Intersegment revenue	519		—		519
Total revenues	362,220		202,811		565,031
Reconciliation of revenue
Elimination of intersegment revenue					(519)
Total consolidated revenues					564,512

Less:(1)
Cost of revenue from external customers	$	229,402	$	115,912	$	345,314
Intersegment cost of revenue	414		—		414
Total cost of revenues	229,816		115,912		345,728
Reconciliation of cost of revenue
Elimination of intersegment cost of revenue					(414)
Total consolidated cost of revenue					345,314

Selling, general, administrative expenses and other (2)	25,060		40,465
Segment profit	$	107,344	$	46,434	$	153,778

Reconciliation of segment profit
Elimination of intersegment profit					(105)
Total consolidated segment profit					$	153,673
Corporate expenses (3)					(11,304)
Total operating income					$	142,369
Interest income, net					2,094
Other income, net					—
Income before income taxes					$	144,463