The following table presents results of operations of the Company’s reportable segments (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
Canada |
|
|
International |
|
|
Total |
|
Three months ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
528 |
|
|
$ |
48 |
|
|
$ |
52 |
|
|
$ |
628 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products |
|
|
407 |
|
|
|
36 |
|
|
|
41 |
|
|
|
484 |
|
Warehousing, selling and administrative expenses |
|
|
91 |
|
|
|
12 |
|
|
|
9 |
|
|
|
112 |
|
Operating profit |
|
$ |
30 |
|
|
$ |
— |
|
|
$ |
2 |
|
|
|
32 |
|
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
— |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
1,002 |
|
|
$ |
110 |
|
|
$ |
115 |
|
|
$ |
1,227 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products |
|
|
770 |
|
|
|
82 |
|
|
|
92 |
|
|
|
944 |
|
Warehousing, selling and administrative expenses |
|
|
180 |
|
|
|
24 |
|
|
|
17 |
|
|
|
221 |
|
Operating profit |
|
$ |
52 |
|
|
$ |
4 |
|
|
$ |
6 |
|
|
|
62 |
|
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
— |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
512 |
|
|
$ |
56 |
|
|
$ |
65 |
|
|
$ |
633 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products |
|
|
400 |
|
|
|
42 |
|
|
|
53 |
|
|
|
495 |
|
Warehousing, selling and administrative expenses |
|
|
84 |
|
|
|
12 |
|
|
|
9 |
|
|
|
105 |
|
Operating profit |
|
$ |
28 |
|
|
$ |
2 |
|
|
$ |
3 |
|
|
|
33 |
|
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
— |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
33 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
947 |
|
|
$ |
122 |
|
|
$ |
127 |
|
|
$ |
1,196 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products |
|
|
734 |
|
|
|
92 |
|
|
|
103 |
|
|
|
929 |
|
Warehousing, selling and administrative expenses |
|
|
162 |
|
|
|
25 |
|
|
|
19 |
|
|
|
206 |
|
Operating profit |
|
$ |
51 |
|
|
$ |
5 |
|
|
$ |
5 |
|
|
|
61 |
|
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
1 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
62 |
|
The following table presents depreciation and amortization of the Company’s reportable segments (in millions):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
United States |
$ |
10 |
|
|
$ |
8 |
|
|
$ |
20 |
|
|
$ |
14 |
|
Canada |
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
International |
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
Total |
$ |
10 |
|
|
$ |
9 |
|
|
$ |
21 |
|
|
$ |
16 |
|
The following table presents property, plant and equipment, net and total assets of the Company’s reportable segments (in millions):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
December 31, 2024 |
|
Property, plant and equipment, net |
|
|
|
|
|
|
United States |
|
$ |
133 |
|
|
$ |
135 |
|
Canada |
|
|
10 |
|
|
|
11 |
|
International |
|
|
10 |
|
|
|
11 |
|
Total |
|
$ |
153 |
|
|
$ |
157 |
|
|
|
|
|
|
|
|
Total assets |
|
|
|
|
|
|
United States |
|
$ |
1,329 |
|
|
$ |
1,299 |
|
Canada |
|
|
178 |
|
|
|
177 |
|
International |
|
|
154 |
|
|
|
145 |
|
Total |
|
$ |
1,661 |
|
|
$ |
1,621 |
|
|