| Revenue Recognition The following tables disaggregate the Company's revenue by major source for the three and six-month periods ended June 30, 2026 and 2025 (excluding intercompany sales):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | (in millions) | Infrastructure Solutions | | Materials Solutions | | | | Total | | Infrastructure Solutions | | Materials Solutions | | Total | | Net Sales-Domestic: | | | | | | | | | | | | | | | Equipment sales | $ | 146.8 | | | $ | 74.2 | | | | | $ | 221.0 | | | $ | 120.9 | | | $ | 55.8 | | | $ | 176.7 | | | Parts and service revenues | 62.6 | | | 42.3 | | | | | 104.9 | | | 59.1 | | | 19.7 | | | 78.8 | | | Other | 6.7 | | | — | | | | | 6.7 | | | 6.5 | | | — | | | 6.5 | | | Total domestic revenue | 216.1 | | | 116.5 | | | | | 332.6 | | | 186.5 | | | 75.5 | | | 262.0 | | | | | | | | | | | | | | | | | Net Sales-International: | | | | | | | | | | | | | | | Equipment sales | 8.7 | | | 35.1 | | | | | 43.8 | | | 14.0 | | | 31.5 | | | 45.5 | | | Parts and service revenues | 3.2 | | | 27.4 | | | | | 30.6 | | | 3.8 | | | 17.9 | | | 21.7 | | | Other | 0.3 | | | 0.8 | | | | | 1.1 | | | 0.3 | | | 0.8 | | | 1.1 | | | Total international revenue | 12.2 | | | 63.3 | | | | | 75.5 | | | 18.1 | | | 50.2 | | | 68.3 | | | Total net sales | $ | 228.3 | | | $ | 179.8 | | | | | $ | 408.1 | | | $ | 204.6 | | | $ | 125.7 | | | $ | 330.3 | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | (in millions) | Infrastructure Solutions | | Materials Solutions | | | | Total | | Infrastructure Solutions | | Materials Solutions | | Total | | Net Sales-Domestic: | | | | | | | | | | | | | | | Equipment sales | $ | 279.6 | | | $ | 134.3 | | | | | $ | 413.9 | | | $ | 256.3 | | | $ | 88.1 | | | $ | 344.4 | | | Parts and service revenues | 142.9 | | | 80.4 | | | | | 223.3 | | | 137.1 | | | 39.5 | | | 176.6 | | | Other | 14.1 | | | 0.3 | | | | | 14.4 | | | 14.8 | | | — | | | 14.8 | | | Total domestic revenue | 436.6 | | | 215.0 | | | | | 651.6 | | | 408.2 | | | 127.6 | | | 535.8 | | | | | | | | | | | | | | | | | Net Sales-International: | | | | | | | | | | | | | | | Equipment sales | 19.3 | | | 73.1 | | | | | 92.4 | | | 21.5 | | | 54.5 | | | 76.0 | | | Parts and service revenues | 8.9 | | | 49.4 | | | | | 58.3 | | | 10.3 | | | 35.7 | | | 46.0 | | | Other | 0.5 | | | 1.6 | | | | | 2.1 | | | 0.6 | | | 1.3 | | | 1.9 | | | Total international revenue | 28.7 | | | 124.1 | | | | | 152.8 | | | 32.4 | | | 91.5 | | | 123.9 | | | Total net sales | $ | 465.3 | | | $ | 339.1 | | | | | $ | 804.4 | | | $ | 440.6 | | | $ | 219.1 | | | $ | 659.7 | |
As of June 30, 2026, the Company had contract assets of $6.9 million and contract liabilities, excluding customer deposits, of $6.4 million, including $1.7 million of deferred revenue related to extended warranties. As of December 31, 2025, the Company had contract assets of $5.9 million and contract liabilities, excluding customer deposits, of $7.7 million, including $1.4 million of deferred revenue related to extended warranties.
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