| Segment Reporting Information, by Segment |
The following tables set forth the Company’s revenues, depreciation and amortization, and income or loss by reportable segment and total assets (in thousands):
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Three Months Ended June 30, |
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2026 |
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2025 |
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KMT |
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KDS |
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Total |
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KMT |
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KDS |
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Total |
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Revenue from external customers |
$ |
536,974 |
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$ |
385,425 |
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$ |
922,399 |
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$ |
492,562 |
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$ |
362,893 |
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$ |
855,455 |
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Less: |
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Costs of sales and operating expenses |
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348,465 |
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282,714 |
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631,179 |
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298,789 |
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264,331 |
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563,120 |
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Administrative payroll expense |
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19,788 |
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23,191 |
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42,979 |
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18,378 |
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23,206 |
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41,584 |
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Taxes, other than on income |
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7,652 |
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2,406 |
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10,058 |
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8,124 |
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2,391 |
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10,515 |
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Depreciation and amortization |
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57,592 |
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10,723 |
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68,315 |
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53,182 |
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10,682 |
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63,864 |
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Other segment items (a) |
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15,675 |
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28,240 |
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43,915 |
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15,037 |
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26,848 |
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41,885 |
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Segment operating income |
$ |
87,802 |
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$ |
38,151 |
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$ |
125,953 |
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$ |
99,052 |
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$ |
35,435 |
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$ |
134,487 |
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Reconciliation of segment operating income |
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Unallocated amounts: |
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General corporate expenses |
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(4,304 |
) |
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(4,328 |
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Gain on disposition of assets |
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708 |
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1,687 |
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Operating income |
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$ |
122,357 |
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$ |
131,846 |
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Other income |
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7,027 |
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4,812 |
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Interest expense |
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(10,977 |
) |
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(12,730 |
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Earnings before taxes on income |
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$ |
118,407 |
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$ |
123,928 |
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Six Months Ended June 30, |
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2026 |
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2025 |
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KMT |
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KDS |
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Total |
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KMT |
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KDS |
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Total |
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Revenue from external customers |
$ |
1,034,157 |
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$ |
732,341 |
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$ |
1,766,498 |
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$ |
968,711 |
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$ |
672,403 |
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$ |
1,641,114 |
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Less: |
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Costs of sales and operating expenses |
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649,289 |
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539,998 |
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1,189,287 |
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589,776 |
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486,559 |
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1,076,335 |
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Administrative payroll expense |
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42,176 |
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48,677 |
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90,853 |
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39,608 |
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48,142 |
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87,750 |
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Taxes, other than on income |
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15,219 |
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4,667 |
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19,886 |
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14,576 |
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4,744 |
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19,320 |
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Depreciation and amortization |
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112,928 |
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21,677 |
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134,605 |
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104,854 |
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21,001 |
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125,855 |
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Other segment items (a) |
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37,088 |
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55,825 |
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92,913 |
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34,261 |
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53,931 |
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88,192 |
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Segment operating income |
$ |
177,457 |
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$ |
61,497 |
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$ |
238,954 |
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$ |
185,636 |
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$ |
58,026 |
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$ |
243,662 |
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Reconciliation of segment operating income |
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Unallocated amounts: |
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General corporate expenses |
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(11,085 |
) |
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(8,027 |
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Gain on disposition of assets |
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2,161 |
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1,757 |
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Operating income |
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$ |
230,030 |
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$ |
237,392 |
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Other income |
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14,308 |
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10,146 |
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Interest expense |
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(21,227 |
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(23,267 |
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Earnings before taxes on income |
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$ |
223,111 |
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$ |
224,271 |
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(a)Other segment items for each reportable segment includes: KMT – selling expense, professional service expense, occupancy expense, and certain overhead expenses. KDS – inventory-related expense, warranty expense, selling expense, professional service expense, occupancy expense, and certain overhead expenses.
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June 30,
2026 |
|
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December 31,
2025 |
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Total assets: |
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Marine transportation |
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$ |
4,823,614 |
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$ |
4,705,692 |
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Distribution and services |
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1,224,676 |
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1,111,549 |
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Other |
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171,977 |
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|
190,804 |
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$ |
6,220,267 |
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$ |
6,008,045 |
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