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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
17.SEGMENT INFORMATION
The Company’s internal and public segment reporting are aligned based upon the services offered by its operating segments. The Company’s operations consist of three reportable segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions. The Company’s CODM, which is the Company’s Chief Executive Officer, uses both segment gross profit and operating income for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances of both profit measures when making decisions about allocating capital and personnel to the segments. We incur certain expenses at the corporate level that relate to our business as a whole. Our business segments receive a portion of these expenses through various allocation methods, predominantly determined by usage and volume. The balance of the corporate level expenses are reported in the “Corporate G&A Expense” line, which is primarily comprised of corporate headquarters facility expense, the cost of the executive management team, and other expenses pertaining to certain centralized functions that benefit the entire Company but are not directly attributable to any specific business segment, such as corporate human resources, legal, governance, compliance and finance functions. Total assets held at Corporate primarily include cash, PP&E, and prepaid and leased assets.
The following tables present segment revenues, significant segment expenses, and measures of segment profit or loss for the three and six months ended June 30, 2026 and 2025:
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
Revenues2026202520262025
E-Infrastructure Solutions$905,001 $310,406 $1,502,733 $528,669 
Transportation Solutions156,692 196,797 289,555 317,458 
Building Solutions106,486 107,265 201,566 199,290 
Total Revenues$1,168,179 $614,468 $1,993,854 $1,045,417 
Cost of Revenues
E-Infrastructure Solutions$(658,943)$(211,181)$(1,094,015)$(367,702)
Transportation Solutions(125,810)(167,334)(238,320)(271,999)
Building Solutions(93,469)(92,813)(177,266)(167,736)
Total Cost of Revenues$(878,222)$(471,328)$(1,509,601)$(807,437)
Gross Profit
E-Infrastructure Solutions$246,058 $99,225 $408,718 $160,967 
Transportation Solutions30,882 29,463 51,235 45,459 
Building Solutions13,017 14,452 24,300 31,554 
Total Gross Profit$289,957 $143,140 $484,253 $237,980 
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
General and Administrative Expense2026202520262025
E-Infrastructure Solutions$(30,011)$(12,491)$(54,226)$(24,624)
Transportation Solutions(7,078)(7,273)(14,345)(13,908)
Building Solutions(2,803)(3,028)(6,147)(6,242)
Segment General and Administrative Expense(39,892)(22,792)(74,718)(44,774)
Corporate(13,238)(11,195)(26,262)(23,844)
Total General and Administrative Expense$(53,130)$(33,987)$(100,980)$(68,618)
Intangible Amortization
E-Infrastructure Solutions$(5,768)$(2,967)$(11,137)$(5,934)
Transportation Solutions— — — — 
Building Solutions(1,724)(1,569)(3,448)(3,105)
Total Intangible Amortization$(7,492)$(4,536)$(14,585)$(9,039)
Other Operating Income, Net
E-Infrastructure Solutions$570 $— $1,258 $— 
Transportation Solutions4,372 3,785 6,040 5,677 
Building Solutions— — — — 
Total Other Operating Income, Net$4,942 $3,785 $7,298 $5,677 
Operating Income
E-Infrastructure Solutions$210,849 $83,767 $344,613 $130,409 
Transportation Solutions28,176 25,975 42,930 37,228 
Building Solutions8,490 9,855 14,705 22,207 
Segment Operating Income247,515 119,597 402,248 189,844 
Corporate G&A Expense
(13,238)(11,195)(26,262)(23,844)
Acquisition Related Costs(12,528)(2,495)(13,935)(2,674)
Earn-out Expense(2,488)(1,343)(4,976)(2,686)
Total Operating Income$219,261 $104,564 $357,075 $160,640 
The following table presents depreciation by reportable segment:
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
Depreciation2026202520262025
E-Infrastructure Solutions$(12,860)$(10,011)$(24,708)$(19,771)
Transportation Solutions(3,866)(2,361)(7,253)(4,426)
Building Solutions(367)(389)(731)(735)
Corporate(392)(325)(734)(642)
Total Depreciation$(17,485)$(13,086)$(33,426)$(25,574)
The following table presents assets by reportable segment:
(In thousands)June 30,December 31,
Assets20262025
E-Infrastructure Solutions
$2,453,058 $1,870,246 
Transportation Solutions
177,564 181,867 
Building Solutions
238,368 240,174 
Corporate
325,250 341,544 
Total Assets$3,194,240 $2,633,831