v3.26.1
Segment Reporting
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Reporting
The Company’s segment reporting structure uses the Company’s management reporting structure as the foundation for how the Company manages its business. The Company periodically evaluates its segment reporting structure in accordance with ASC 350-20-55 and has concluded that it has three reportable segments as of June 27, 2026.
The segments are as follows:
•Hardware and Protective Solutions
•Robotics and Digital Solutions
•Canada
For a reconciliation of our segment sales by product category and geographic area, please see Note 2 - Summary of Significant Accounting Policies.
The tables below present net sales, significant segment expenses, and segment adjusted EBITDA for the reportable segments for the thirteen and twenty-six weeks ended June 27, 2026 and thirteen and twenty-six weeks ended June 28, 2025. See Note 2 - Summary of Significant Accounting Policies for a reconciliation of total reportable segments' revenues to consolidated revenues. Certain amounts in the prior year Condensed Consolidated Financial Statements and in the Notes to the Condensed Consolidated Financial Statements were reclassified to conform to the current year’s presentation. This had no impact on the prior period's condensed consolidated balance sheets, condensed consolidated statements of comprehensive income (loss), condensed consolidated statements of cash flows, or condensed consolidated statements of stockholders' equity.
Hardware and Protective SolutionsThirteen weeks ended June 27, 2026Thirteen weeks ended June 28, 2025Twenty-six weeks ended June 27, 2026Twenty-six weeks ended June 28, 2025
Net sales$336,066 $305,924 $617,374 $583,933 
Significant segment expenses
Cost of sales (exclusive of depreciation and amortization)193,751 168,945 361,044 328,168 
Adjusted selling expense(1)
32,466 29,452 62,763 58,352 
Adjusted warehouse expense (2)
41,222 37,881 75,808 72,726 
Adjusted general and administrative expense(3)
17,739 18,321 35,112 35,265 
Other segment items (4)
(418)(215)(555)(377)
Segment adjusted EBITDA$51,306 $51,540 $83,202 $89,799 
1.Adjusted selling expense excludes expense related to corporate restructuring activities.
2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities.
3.Adjusted general and administrative expense excludes stock-based compensation, acquisition and integration costs, expense associated with corporate restructuring, and legal charges related to settlements.
4.Other segment items excludes the gain on the acquisitions of Campbell Chain and Fittings, see Note 4 - Acquisitions.
Robotics and Digital Solutions
Thirteen weeks ended June 27, 2026Thirteen weeks ended June 28, 2025Twenty-six weeks ended June 27, 2026Twenty-six weeks ended June 28, 2025
Net sales$61,615 $55,520 $117,677 $108,430 
Significant segment expenses
Cost of sales (exclusive of depreciation and amortization)13,898 14,921 28,068 29,818 
Adjusted selling expense(1)
21,514 16,394 40,906 32,922 
Adjusted warehouse expense (2)
2,716 2,638 5,195 5,075 
Adjusted general and administrative expense(3)
3,797 3,736 7,603 8,186 
Other segment items(4)
62 58 77 119 
Segment adjusted EBITDA$19,628 $17,773 $35,828 $32,310 
1.Adjusted selling expense excludes expense related to corporate restructuring activities.
2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities.
3.Adjusted general and administrative expense excludes stock compensation expense, acquisition and integration expense, consulting expense and legal charges related to settlements, see Note 6 - Commitments and Contingencies.
4.Other segment items excludes the gain or loss on the revaluation of our contingent consideration liability, see Note 15 - Fair Value Measurements.
Canada
Thirteen weeks ended June 27, 2026Thirteen weeks ended June 28, 2025Twenty-six weeks ended June 27, 2026Twenty-six weeks ended June 28, 2025
Net sales$44,570 $41,359 $77,273 $69,783 
Significant segment expenses
Cost of sales (exclusive of depreciation and amortization)26,513 24,472 46,546 41,092 
Adjusted selling expense(1)
3,964 3,644 7,619 6,842 
Adjusted warehouse expense (2)
5,803 5,712 10,966 10,678 
Adjusted general and administrative expense(3)
1,746 1,883 3,456 3,642 
Other segment items333 (267)481 (116)
Segment adjusted EBITDA$6,211 $5,915 $8,205 $7,645 
1.Adjusted selling expense excludes restructuring expense.
2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities.
3.Adjusted general and administrative expense excludes stock-based compensation and expense associated with corporate restructuring activities.
The following table reconciles segment adjusted EBITDA by segment to the Company’s consolidated income before income taxes. Certain amounts in the prior year presentation between segments were reclassified to conform to the current year’s presentation.
Thirteen weeks ended June 27, 2026Thirteen weeks ended June 28, 2025Twenty-six weeks ended June 27, 2026Twenty-six weeks ended June 28, 2025
Hardware and Protective Solutions$51,306 $51,540 $83,202 $89,799 
Robotics and Digital Solutions19,628 17,773 35,828 32,310 
Canada6,211 5,915 8,205 7,645 
Total adjusted EBITDA77,145 75,228 127,235 129,754 
Interest expense, net13,042 13,892 26,047 28,352 
Depreciation22,535 19,848 44,534 39,243 
Amortization15,223 15,257 30,499 30,672 
Stock compensation expense3,355 3,557 7,362 6,835 
Restructuring and other costs(577)420 1,434 2,111 
Transaction and integration expense(4,481)70 (4,389)128 
Change in fair value of contingent consideration157 (241)(352)(567)
Refinancing costs— — — 906 
Total adjusting items49,254 52,803 105,135 107,680 
Income before income taxes$27,891 $22,425 $22,100 $22,074