v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting, Revenue [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has three reportable segments: Residential, Agtech, and Infrastructure. The Company's reportable segments are each managed separately because they design, engineer, manufacture, and where applicable install, distinct products with different production processes.
•Residential consists of operating segments that sell the following products and services to major retail home centers, building material wholesalers, building product distributors, roofing distributors, residential contractors, property management companies, manufactured housing dealers, postal services distributors and providers, and online direct to end consumers: roofing accessories, metal roofing products and services, rain dispersion products, roof and foundation ventilation products, single point and centralized mail and package solutions, outdoor living space products (sun-shading), and other construction accessories.
•Agtech consists of operating segments that sell the following products and services to large-scale indoor commercial growers of fruits and vegetables, plants and flowers, and agricultural research and development facilities, as well as convenience store, travel centers, food retailers, and quick-serve restaurants: design, manufacture and build controlled environment agriculture structures, custom greenhouses and structural canopies.
•Infrastructure consists of an operating segment that sells the following products to commercial and transportation contractors and fabricators: expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems.
The accounting policies of the Company's segments are the same as those described in Note 1 "Summary of Significant Accounting Policies" included in the Company's annual report on Form 10-K for the year ended December 31, 2025. The following tables illustrate certain measurements used by management to assess the performance of the segments described above (in thousands):
Three Months Ended June 30, 2026
ResidentialAgtechInfrastructureTotal
Net sales$425,852 $58,832 $24,863 $509,547 
Less (1):
Operating expenses (2)365,349 52,925 19,016 437,290 
Segment profit60,503 5,907 5,847 72,257 
Reconciliation of segment profit
Unallocated corporate expenses(12,438)
Interest expense, net(20,965)
Other expense, net(895)
Income before taxes from continuing operations$37,959 
Three Months Ended June 30, 2025
ResidentialAgtechInfrastructureTotal
Net sales$230,258 $54,092 $25,167 $309,517 
Less (1):
Operating expenses (2)186,647 54,586 18,084 259,317 
Segment profit (loss)43,611 (494)7,083 50,200 
Reconciliation of segment profit
Unallocated corporate expenses(10,694)
Interest expense, net(354)
Other income, net105 
Income before taxes from continuing operations$39,257 
Six Months Ended June 30, 2026
ResidentialAgtechInfrastructureTotal
Net sales$707,287 $114,462 $44,085 $865,834 
Less (1):
Operating expenses (2)626,538 105,228 34,521 766,287 
Segment profit80,749 9,234 9,564 99,547 
Reconciliation of segment profit
Unallocated corporate expenses(44,184)
Interest expense, net(33,989)
Other expense, net(81)
Income before taxes from continuing operations$21,293 
Six Months Ended June 30, 2025
ResidentialAgtechInfrastructureTotal
Net sales$410,252 $99,132 $46,490 $555,874 
Less (1):
Operating expenses (2)335,381 96,241 34,149 465,771 
Segment profit74,871 2,891 12,341 90,103 
Reconciliation of segment profit
Unallocated corporate expenses(21,942)
Interest income, net1,283 
Other income, net29 
Income before taxes from continuing operations$69,473 
Footnotes:
(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Operating expenses for each reportable segment includes inventory and manufacturing expenses, employee compensation, depreciation and amortization, freight services, other costs of sales expenses, and other selling, general and administrative expenses.
The following table presents the reported segments' and unallocated corporate reported depreciation and amortization (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Residential$16,456 $3,239 $28,585 $5,766 
Agtech1,996 4,539 4,084 7,299 
Infrastructure389 699 1,102 1,400 
Unallocated corporate expenses974 817 1,947 1,635 
Total depreciation and amortization$19,815 $9,294 $35,718 $16,100 
The following table presents the assets of the reported segments, unallocated corporate assets and assets of discontinued operations as of (in thousands):
June 30,
2026		December 31,
2025
Residential$2,249,046 $639,397 
Agtech296,189 290,785 
Infrastructure84,041 78,266 
Unallocated corporate assets85,911 192,793 
Assets of discontinued operations71,098 192,362 
Total assets$2,786,285 $1,393,603 
The following presents disaggregated revenue by timing of transfer of control to customers by reported segment (in thousands):
Three Months Ended June 30, 2026
ResidentialAgtechInfrastructureTotal
Point in Time$425,852 $545 $12,609 $439,006 
Over Time— 58,287 12,254 70,541 
Total net sales$425,852 $58,832 $24,863 $509,547 
Three Months Ended June 30, 2025
ResidentialAgtechInfrastructureTotal
Point in Time$230,258 $144 $11,674 $242,076 
Over Time— 53,948 13,493 67,441 
Total net sales$230,258 $54,092 $25,167 $309,517 
Six Months Ended June 30, 2026
ResidentialAgtechInfrastructureTotal
Point in Time$707,287 $913 $19,697 $727,897 
Over Time— 113,549 24,388 137,937 
Total net sales$707,287 $114,462 $44,085 $865,834 
Six Months Ended June 30, 2025
ResidentialAgtechInfrastructureTotal
Point in Time$410,252 $420 $19,554 $430,226 
Over Time— 98,712 26,936 125,648 
Total net sales$410,252 $99,132 $46,490 $555,874