| Segment Reporting Information, by Segment |
The following tables set forth the Company’s revenues, depreciation and amortization, and income or loss by reportable segment and total assets (in thousands):
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Three Months Ended June 30, |
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2025 |
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2024 |
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KMT |
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KDS |
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Total |
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KMT |
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KDS |
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Total |
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Revenue from external customers |
$ |
492,562 |
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$ |
362,893 |
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$ |
855,455 |
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$ |
484,808 |
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$ |
339,582 |
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$ |
824,390 |
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Less: |
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Costs of sales and operating expenses |
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298,789 |
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264,331 |
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563,120 |
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299,975 |
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253,742 |
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553,717 |
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Administrative payroll expense |
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18,378 |
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23,206 |
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41,584 |
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17,743 |
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21,454 |
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39,197 |
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Taxes, other than on income |
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8,124 |
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2,391 |
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10,515 |
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8,383 |
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1,900 |
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10,283 |
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Depreciation and amortization |
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53,182 |
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10,682 |
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63,864 |
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49,047 |
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8,585 |
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57,632 |
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Other segment items (a) |
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15,037 |
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26,848 |
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41,885 |
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14,784 |
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24,465 |
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39,249 |
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Segment operating income |
$ |
99,052 |
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$ |
35,435 |
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$ |
134,487 |
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$ |
94,876 |
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$ |
29,436 |
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$ |
124,312 |
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Reconciliation of segment operating income |
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Unallocated amounts: |
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General corporate expenses |
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(4,328 |
) |
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(4,329 |
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Gain on disposition of assets |
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1,687 |
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515 |
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Operating income |
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$ |
131,846 |
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$ |
120,498 |
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Other income |
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4,812 |
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3,088 |
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Interest expense |
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(12,730 |
) |
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(12,819 |
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Earnings before taxes on income |
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$ |
123,928 |
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$ |
110,767 |
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Six Months Ended June 30, |
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2025 |
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2024 |
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KMT |
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KDS |
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Total |
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KMT |
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KDS |
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Total |
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Revenue from external customers |
$ |
968,711 |
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$ |
672,403 |
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$ |
1,641,114 |
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$ |
960,220 |
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$ |
672,192 |
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$ |
1,632,412 |
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Less: |
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Costs of sales and operating expenses |
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589,776 |
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486,559 |
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1,076,335 |
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601,237 |
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503,145 |
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1,104,382 |
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Administrative payroll expense |
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39,608 |
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48,142 |
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87,750 |
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39,276 |
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45,107 |
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84,383 |
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Taxes, other than on income |
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14,576 |
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4,744 |
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19,320 |
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14,580 |
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3,728 |
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18,308 |
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Depreciation and amortization |
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104,854 |
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|
21,001 |
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125,855 |
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96,896 |
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16,429 |
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113,325 |
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Other segment items (a) |
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34,261 |
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53,931 |
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88,192 |
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30,372 |
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52,333 |
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82,705 |
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Segment operating income |
$ |
185,636 |
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$ |
58,026 |
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$ |
243,662 |
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$ |
177,859 |
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$ |
51,450 |
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$ |
229,309 |
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Reconciliation of segment operating income |
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Unallocated amounts: |
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General corporate expenses |
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(8,027 |
) |
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(7,877 |
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Gain on disposition of assets |
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1,757 |
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589 |
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Operating income |
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$ |
237,392 |
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$ |
222,021 |
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Other income |
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10,146 |
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6,357 |
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Interest expense |
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(23,267 |
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(25,970 |
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Earnings before taxes on income |
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$ |
224,271 |
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$ |
202,408 |
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(a)Other segment items for each reportable segment includes: KMT – selling expense, professional service expense, occupancy expense, and certain overhead expenses. KDS – inventory-related expense, warranty expense, selling expense, professional service expense, occupancy expense, and certain overhead expenses.
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June 30,
2025 |
|
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December 31,
2024 |
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Total assets: |
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Marine transportation |
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$ |
4,703,152 |
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$ |
4,578,616 |
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Distribution and services |
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1,212,371 |
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1,115,781 |
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Other |
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|
164,442 |
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|
157,555 |
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$ |
6,079,965 |
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$ |
5,851,952 |
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