v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting, Revenue [Abstract]  
Reconciliation Of Sales To Earnings Before Income Taxes by Segment 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 
Disaggregation of Revenue
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