| Schedule of Financial Information by Reportable Segments |
Selected financial information by reportable segment was as follows:
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Three months ended June 28, 2025 |
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(Dollars in thousands) |
|
U.S. Factory-built Housing |
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Canadian Factory-built Housing |
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Corporate/Other |
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Consolidated |
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Net sales |
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$ |
661,931 |
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|
$ |
30,120 |
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|
$ |
9,267 |
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$ |
701,318 |
|
Cost of sales(1) |
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(480,469 |
) |
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(21,417 |
) |
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(2,114 |
) |
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Selling, general, and administrative expenses(2) |
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|
(82,363 |
) |
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(5,695 |
) |
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(18,838 |
) |
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Other items(3) |
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— |
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— |
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(670 |
) |
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Segment EBITDA |
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$ |
99,099 |
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$ |
3,008 |
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$ |
(12,355 |
) |
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U.S. Factory-built Housing EBITDA |
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$ |
99,099 |
|
Canadian Factory-built Housing EBITDA |
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3,008 |
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Corporate/Other EBITDA |
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(12,355 |
) |
Depreciation and amortization |
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(11,902 |
) |
Interest income, net |
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4,536 |
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Equity in net loss of affiliate |
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|
585 |
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Net income attributable to non-controlling interest |
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1,306 |
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Income before income taxes |
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$ |
84,277 |
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Depreciation |
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$ |
8,374 |
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$ |
461 |
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$ |
162 |
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$ |
8,997 |
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Amortization |
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$ |
2,905 |
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$ |
— |
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$ |
— |
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$ |
2,905 |
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Expenditure for segment assets |
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$ |
8,177 |
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$ |
354 |
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$ |
370 |
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$ |
8,901 |
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Segment assets(4) |
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$ |
1,325,992 |
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$ |
151,195 |
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$ |
672,064 |
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$ |
2,149,251 |
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(1)Cost of sales is presented net of depreciation expense. (2)Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3)Other items for Corporate/Other include dividend income, equity in net loss of affiliates, and non-controlling interest. (4)Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
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Three months ended June 29, 2024 |
|
(Dollars in thousands) |
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U.S. Factory-built Housing |
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Canadian Factory-built Housing |
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Corporate/Other |
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Consolidated |
|
Net sales |
|
$ |
599,533 |
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|
$ |
20,799 |
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$ |
7,447 |
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$ |
627,779 |
|
Cost of sales(1) |
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(439,021 |
) |
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(15,039 |
) |
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(2,925 |
) |
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Selling, general, and administrative expenses(2) |
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(81,491 |
) |
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(2,881 |
) |
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(20,422 |
) |
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Other items(3) |
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— |
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— |
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(124 |
) |
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Segment EBITDA |
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$ |
79,021 |
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$ |
2,879 |
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$ |
(16,024 |
) |
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U.S. Factory-built Housing EBITDA |
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$ |
79,021 |
|
Canadian Factory-built Housing EBITDA |
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2,879 |
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Corporate/Other EBITDA |
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(16,024 |
) |
Depreciation and amortization |
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(10,612 |
) |
Interest income, net |
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4,249 |
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Equity in net loss of affiliate |
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1,343 |
|
Income before income taxes |
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$ |
60,856 |
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Depreciation |
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$ |
7,104 |
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$ |
437 |
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$ |
161 |
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$ |
7,702 |
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Amortization |
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$ |
2,910 |
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$ |
— |
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$ |
— |
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$ |
2,910 |
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Expenditure for segment assets |
|
$ |
9,527 |
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$ |
426 |
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$ |
759 |
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$ |
10,712 |
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Segment assets(4) |
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$ |
1,239,898 |
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$ |
133,030 |
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$ |
614,202 |
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$ |
1,987,130 |
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(1)Cost of sales is presented net of depreciation expense. (2)Selling, general, and administrative expenses are presented net of depreciation and amortization expense. (3)Other items for Corporate/Other include dividend income, and equity in net loss of affiliates. (4)Deferred tax assets for the Canadian operations are reflected in the Canadian Factory-built Housing segment. U.S. deferred tax assets are presented in Corporate/Other because an allocation between segments is not practicable.
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