| Schedule Of Segment Reporting Electronic and Mechanical Components |
Information on the Company’s two reportable segments, Electronic Components and Mechanical Components, was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Revenue |
|
$ |
214,847 |
|
|
$ |
285,881 |
|
|
$ |
500,728 |
|
Segment cost of revenue(1) |
|
|
98,753 |
|
|
|
126,591 |
|
|
|
225,344 |
|
Segment selling, general and administrative expenses(2) |
|
|
23,127 |
|
|
|
38,293 |
|
|
|
61,420 |
|
Other segment items(3) |
|
|
(1,844 |
) |
|
|
(355 |
) |
|
|
(2,199 |
) |
Segment Adjusted EBITDA |
|
$ |
94,811 |
|
|
$ |
121,352 |
|
|
$ |
216,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Revenue |
|
$ |
178,128 |
|
|
$ |
222,316 |
|
|
$ |
400,444 |
|
Segment cost of revenue(1) |
|
|
81,458 |
|
|
|
110,060 |
|
|
|
191,518 |
|
Segment selling, general and administrative expenses(2) |
|
|
23,218 |
|
|
|
35,622 |
|
|
|
58,840 |
|
Other segment items(3) |
|
|
(1,150 |
) |
|
|
(2,438 |
) |
|
|
(3,588 |
) |
Segment Adjusted EBITDA |
|
$ |
74,602 |
|
|
$ |
79,072 |
|
|
$ |
153,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Revenue |
|
$ |
416,116 |
|
|
$ |
543,470 |
|
|
$ |
959,586 |
|
Segment cost of revenue(1) |
|
|
190,710 |
|
|
|
246,250 |
|
|
|
436,960 |
|
Segment selling, general and administrative expenses(2) |
|
|
48,169 |
|
|
|
80,396 |
|
|
|
128,565 |
|
Other segment items(3) |
|
|
(3,717 |
) |
|
|
(1,326 |
) |
|
|
(5,043 |
) |
Segment Adjusted EBITDA |
|
$ |
180,954 |
|
|
$ |
218,150 |
|
|
$ |
399,104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Revenue |
|
$ |
347,957 |
|
|
$ |
432,566 |
|
|
$ |
780,523 |
|
Segment cost of revenue(1) |
|
|
160,516 |
|
|
|
218,760 |
|
|
|
379,276 |
|
Segment selling, general and administrative expenses(2) |
|
|
44,297 |
|
|
|
73,969 |
|
|
|
118,266 |
|
Other segment items(3) |
|
|
(1,240 |
) |
|
|
(3,578 |
) |
|
|
(4,818 |
) |
Segment Adjusted EBITDA |
|
$ |
144,384 |
|
|
$ |
143,415 |
|
|
$ |
287,799 |
|
(1)Represents cost of revenue adjusted to exclude depreciation and amortization. (2)Represents selling, general and administrative expenses adjusted to exclude depreciation, transaction and other deal related expenses, acquisition and integration costs, restructuring related costs and non-cash share-based compensation expense. (3)Represents miscellaneous income and expense such as foreign currency gains and losses and other income.
|
| Schedule Of Reconciliation Of Segment Adjusted EBITDA To Net Income (Loss) Before Income |
The following table provides a reconciliation of Segment Adjusted EBITDA to Net income (loss) before income taxes for the periods presented:
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|
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|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Segment Adjusted EBITDA |
|
$ |
216,163 |
|
|
$ |
153,674 |
|
|
$ |
399,104 |
|
|
$ |
287,799 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate costs |
|
|
4,665 |
|
|
— |
|
|
|
12,411 |
|
|
— |
|
Interest expense, net |
|
|
39,427 |
|
|
|
57,356 |
|
|
|
83,385 |
|
|
|
125,616 |
|
Depreciation and amortization |
|
|
52,028 |
|
|
|
49,099 |
|
|
|
103,556 |
|
|
|
98,093 |
|
Acquisition and integration costs |
|
|
715 |
|
|
|
1,214 |
|
|
|
1,437 |
|
|
|
19,963 |
|
Restructuring costs |
|
— |
|
|
|
738 |
|
|
|
270 |
|
|
|
2,475 |
|
Transaction and other deal related expenses |
|
|
1,819 |
|
|
|
4,074 |
|
|
|
9,044 |
|
|
|
4,955 |
|
Share-based compensation expense(1) |
|
|
107,111 |
|
|
|
2,206 |
|
|
|
109,591 |
|
|
|
4,536 |
|
Other non-recurring adjustments(2) |
|
|
11,812 |
|
|
|
9,901 |
|
|
|
11,812 |
|
|
|
9,901 |
|
Net income (loss) before income taxes |
|
$ |
(1,414 |
) |
|
$ |
29,086 |
|
|
$ |
67,598 |
|
|
$ |
22,260 |
|
(1)Includes $7.5 million for employer taxes related to vested restricted stock units for the three and six months ended June 30, 2026. (2)Includes $13.3 million of expense related to the Convertible-Related Tax Receivable Agreement for the three and six months ended June 30, 2026.
|
| Schedule Of Total Assets By Reportable Segment |
Total assets by reportable segment were as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Electronic Components |
|
$ |
3,237,022 |
|
|
$ |
3,059,230 |
|
Mechanical Components |
|
|
3,615,489 |
|
|
|
3,537,204 |
|
Other |
|
|
154,141 |
|
|
— |
|
Total assets |
|
$ |
7,006,652 |
|
|
$ |
6,596,434 |
|
|
| Schedule Of Capital Expenditures By Reportable Segment |
Capital expenditures by reportable segment were as follows:
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Electronic Components |
|
$ |
4,745 |
|
|
$ |
2,297 |
|
|
$ |
8,695 |
|
|
$ |
4,391 |
|
Mechanical Components |
|
|
5,842 |
|
|
|
10,303 |
|
|
|
13,595 |
|
|
|
17,004 |
|
Total capital expenditures |
|
$ |
10,587 |
|
|
$ |
12,600 |
|
|
$ |
22,290 |
|
|
$ |
21,395 |
|
|