v3.25.4
Business Segments (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The operating results of the Company’s reportable segments were as follows as of and for the years ended December 31:
2025
Rail, Technologies, and Services
Infrastructure Solutions
Total
Net sales
$
305,726 
$
234,283 
$
540,009 
Less:
Cost of sales
(243,396)
(182,861)
(426,257)
Selling and administrative employment costs
(29,301)
(23,441)
(52,742)
Purchased services(1)
(6,679)
(5,632)
(12,311)
General administrative costs(2)
(8,628)
(5,381)
(14,009)
Amortization expense
(2,130)
(1,181)
(3,311)
Segment operating income
$
15,592 
$
15,787 
$
31,379 
Reconciliation of segment operating income
Total segment operating income
$
31,379 
Interest expense - net
(4,889)
Other income - net
420 
Public company costs
(4,395)
Corporate executive management costs
(2,130)
Corporate management stock-based compensation
(2,864)
Other corporate expenses
(105)
Income before income taxes
$
17,416 
(1) Purchased services costs generally include contractor services, insurance expenditures, rental expense, and legal services.(2)General administrative costs generally include office supplies, utilities, advertising, bad debt expense, and restructuring expenditures.
2024
Rail, Technologies, and Services
Infrastructure Solutions
Total
Net sales
$
326,869 
$
203,896 
$
530,765 
Less:
Cost of sales
(254,400)
(158,303)
(412,703)
Selling and administrative employment costs
(32,002)
(23,868)
(55,870)
Purchased services(1)
(7,410)
(6,336)
(13,746)
General administrative costs(2)
(7,796)
(4,735)
(12,531)
Amortization expense
(3,349)
(1,279)
(4,628)
Segment operating income
$
21,912 
$
9,375 
$
31,287 
Reconciliation of segment operating income
Total segment operating income
$
31,287 
Gain on sales of former joint venture facility
3,477 
Interest expense - net
(4,992)
Other expense - net
(1,076)
Public company costs
(5,755)
Corporate executive management costs
(5,726)
Corporate management stock-based compensation
(2,065)
Other corporate expenses
(705)
Income before income taxes
$
14,445 
(1) Purchased services costs generally include contractor services, insurance expenditures, rental expense, and legal services.(2)General administrative costs generally include office supplies, utilities, advertising, bad debt expense, and restructuring expenditures.
Reconciliations of reportable segment assets, depreciation and amortization, and expenditures for long-lived assets to the Company’s consolidated totals are as follows as of and for the years ended December 31:
2025
Segment Assets
Depreciation/Amortization
Expenditures for Long-Lived Assets
Rail, Technologies, and Services
$
155,552 
$
3,651 
$
1,962 
Infrastructure Solutions
128,489 
6,741 
6,665 
Reportable segment total
284,041 
10,392 
8,627 
Corporate
46,331 
2,062 
1,797 
Total
$
330,372 
$
12,454 
$
10,424 
2024
Segment Assets
Depreciation/Amortization
Expenditures for Long-Lived Assets
Rail, Technologies, and Services
$
158,859 
$
4,793 
$
2,032 
Infrastructure Solutions
123,755 
7,417 
6,366 
Reportable segments total
282,614 
12,210 
8,398 
Corporate
51,936 
1,870 
1,393 
Total
$
334,550 
$
14,080 
$
9,791 
Schedule of Revenue from Customer by Major Geographical Region
The following table summarizes the Company’s sales by major geographic region in which the Company had operations for the years ended December 31:

2025
2024
United States
$
481,422 
$
454,694 
Canada
19,413 
22,088 
United Kingdom
32,429 
44,086 
Other
6,745 
9,897 
Total net sales
$
540,009 
$
530,765 
Schedule of Long-Lived Assets by Geographic Areas
The following table summarizes the Company’s long-lived assets by geographic region as of December 31:

2025
2024
United States
$
74,179 
$
72,899 
Canada
498 
151 
United Kingdom
1,955 
1,765 
Other
551 
559 
Total property, plant, and equipment - net
$
77,183 
$
75,374 
Schedule of Reconciliation of Revenue from Segments to Consolidated
The following table summarizes the Company’s sales by major product and service line for the years ended December 31:
December 31,
2025
2024
Rail Products
$
188,255 
$
207,696 
Global Friction Management
78,513 
65,984 
Technology Services and Solutions
38,958 
53,189 
Rail, Technologies, and Services
305,726 
326,869 
Precast Concrete Products
163,123 
136,043 
Steel Products
71,160 
67,853 
Infrastructure Solutions
234,283 
203,896 
Total net sales
$
540,009 
$
530,765