v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combinations
Below is a summary of acquisitions in aggregate by year, including revenue and net (loss) income since date of acquisition shown for the year of acquisition. Net income includes amortization and taxes when appropriate.
For the three and six months ended June 30, 2026 (in millions):         
Three months ended June 30, 2026Six months ended June 30, 2026
2026 AcquisitionsDateAcquisition TypeCash PaidSeller
Obligations		Total Purchase PriceRevenueNet (Loss)RevenueNet (Loss)
Thermo-Tech2/2/2026Asset$18.0 $1.5 $19.5 $3.5 $0.0 $5.0 $(0.2)
Diamond Energy 5/17/2026Stock18.9 2.0 20.9 1.1 (0.2)1.1 (0.2)
OtherVariousAsset10.8 1.4 12.2 4.0 (0.1)5.9 (0.1)
$47.7 $4.9 $52.6 $8.6 $(0.3)$12.0 $(0.5)
For the three and six months ended June 30, 2025 (in millions):
Three months ended June 30, 2025Six months ended June 30, 2025
2025 AcquisitionsDateAcquisition TypeCash PaidSeller
Obligations		Total Purchase PriceRevenueNet IncomeRevenueNet Income
OtherVariousAsset$11.3 $0.6 $11.9 $1.7 $0.1 $1.9 $0.1 
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed
The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following (in millions):
Six months ended June 30, 2026Six months ended June 30, 2025
Thermo-TechDiamond Energy OtherTotalOther
Estimated fair values:
Accounts receivable$3.0 $1.9 $0.3 $5.2 $— 
Inventories0.1 0.4 0.5 1.00.3 
Other current assets— 0.1 — 0.10.0 
Property and equipment0.3 0.6 2.0 2.90.9 
Operating lease right-of-use asset— 0.9 0.2 1.10.2 
Intangibles9.3 11.1 6.1 26.57.1 
Goodwill7.1 8.3 3.3 18.73.6 
Other non-current assets0.3 0.2 0.0 0.50.0 
Accounts payable and other current liabilities(0.6)(2.0)(0.1)(2.7)— 
Other long-term liabilities— (0.6)(0.1)(0.7)(0.2)
Fair value of assets acquired and purchase price19.5 20.9 12.2 52.611.9 
Less seller obligations1.5 2.0 1.4 4.90.6 
Cash paid$18.0 $18.9 $10.8 $47.7 $11.3 
Schedule of Estimates of Acquired Intangible Assets
Estimates of acquired intangible assets related to the acquisitions are as follows (in millions):
For the six months ended June 30,
20262025
Acquired intangibles assetsEstimated
Fair Value		Weighted Average Estimated
Useful Life (yrs.)		Estimated
Fair Value		Weighted Average Estimated
Useful Life (yrs.)
Customer relationships$16.4 12$4.8 12
Trademarks, tradenames and other7.6 151.7 15
Non-competition agreements0.6 50.3 5
Backlog1.9 10.3 1
Schedule of Pro Forma Results of Operations The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2025 and 2024, respectively, and the unaudited pro forma information does not purport to be indicative of future financial operating results (in millions, except per share data):
Unaudited pro forma for the three months ended June 30,Unaudited pro forma for the six months ended June 30,
2026202520262025
Net revenue$779.5 $783.1 $1,444.8 $1,489.3 
Net income64.8 70.6 99.3 117.4 
Basic net income per share2.43 2.58 3.72 4.28 
Diluted net income per share2.43 2.58 3.70 4.26