v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reconciliation of Reportable Segment Revenues
The following table presents the reconciliation of reportable segment revenues:
20262025
ESSPCSTotalESSPCSTotal
Three Months Ended June 30,
(in thousands)
Revenues from external customers$97,660 $73,162 $170,822 $125,547 $77,910 $203,457 
Intersegment revenue2,766 2,265 5,031 2,690 3,541 6,231 
Total segment revenue$100,426 $75,427 $175,853 $128,237 $81,451 $209,688 
Elimination of intersegment revenue(5,031)(6,231)
Total consolidated revenue$170,822 $203,457 
Six Months Ended June 30,
Revenues from external customers$198,350 $143,793 $342,143 $233,088 $168,799 $401,887 
Intersegment revenue8,015 5,884 13,899 4,808 6,773 11,581 
Total segment revenue$206,365 $149,677 $356,042 $237,896 $175,572 $413,468 
Elimination of intersegment revenue(13,899)(11,581)
Total consolidated revenue$342,143 $401,887 
Schedule of Reconciliation of Segment Performance
The following table presents the reconciliation of segment performance:
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
ESSPCSTotalESSPCSTotal
(in thousands)
Revenues from external customers(a)
$97,660 $73,162 $125,547 $77,910 
Cost of sales(64,585)(44,939)(94,696)(56,849)
Selling, general and administrative expenses(29,868)(27,536)(18,166)(8,656)
Research and development expenses(442)(329)(721)72 
Restructuring and other expenses(b)
(261)(4,743)(1,072)— 
Total segment operating income (loss)$2,504 $(4,385)$(1,881)$10,892 $12,477 $23,369 
Unallocated corporate costs(c)
(2,950)(2,619)
Foreign currency gain (loss)(591)2,948 
Other non-operating income (loss)(158)334 
Interest expense(3,945)(9,106)
Income (loss) before income taxes$(9,525)$14,926 
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
ESSPCSTotalESSPCSTotal
(in thousands)
Revenues from external customers(a)
$198,350 $143,793 $233,088 $168,799 
Cost of sales(132,845)(93,312)(170,410)(123,018)
Selling, general and administrative expenses(45,376)(43,890)(38,064)(23,245)
Research and development expenses(685)(500)(1,235)(445)
Restructuring and other expenses(b)
(261)(4,743)(3,951)(392)
Total segment operating income (loss)$19,183 $1,348 $20,531 $19,428 $21,699 $41,127 
Unallocated corporate costs(c)
(6,199)(4,370)
Foreign currency gain (loss)(2,819)6,941 
Other non-operating income (loss)(413)647 
Interest expense(10,898)(18,285)
Income (loss) before income taxes$202 $26,060 
(a)As the CODM does not regularly review intersegment revenue, it is excluded from the determination of total segment operating income. The CODM uses revenue from external customers to assess performance and allocate resources.
(b) Restructuring and other expenses consist of severance costs primarily related to workforce reductions and impairment of right-of-use assets.
(c) Unallocated corporate costs include certain centralized corporate stewardship costs that are not allocable to the segments and are included in Selling, general and administrative expenses in our Condensed Consolidated Statements of Income.