v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company's customers. The financial information of these segments is available and utilized by the Chief Executive Officer, the Company’s CODM, to assess the segments’ performance. The primary measurements used to measure the financial performance of the segments are revenue, gross margins, and operating margins to
decide whether to reinvest the profits, make acquisitions, pay down debt or borrow, or to return capital to shareholders via dividends and share repurchases.

The three regional segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, and the Middle East). These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications.
 
The Administrative & All Other column primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities.

The following table presents financial information of each segment that is used by the CODM to assess the performance of segments for three and six months ended June 30, 2026 and 2025:
(in thousands)North
America		EuropeAsia/
Pacific		Administrative
& All Other		Total
Three Months Ended June 30, 2026
Net sales$522,290 $143,491 $5,295 $— $671,076 
Wood Products449,562 114,107 4,645 — 568,314 
Concrete Products71,435 29,384 592 — 101,411 
Cost of sales260,153 88,714 3,444 572 352,883 
Gross profit262,137 54,777 1,851 (572)318,193 
Research and development, and other engineering expenses15,221 2,491 288 — 18,000 
Selling expenses38,565 13,168 1,115 — 52,848 
General and administrative expenses50,358 19,250 509 13,455 83,572 
Sales to other segments *808 171 8,216 — 9,195 
Income (loss) from operations157,987 19,695 (53)(8,499)169,130 
Depreciation and amortization15,890 8,460 515 803 25,668 
Significant non-cash charges4,569 508 168 5,542 10,787 
Provision for income taxes38,082 4,254 182 1,331 43,849 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments11,235 2,882 25 (168)13,974 

(in thousands)North
America		EuropeAsia/
Pacific		Administrative
& All Other		Total
Three Months Ended June 30, 2025
Net sales$492,687 $133,398 $4,970 $— $631,055 
Wood Products425,789 105,814 3,958 — 535,561 
Concrete Products65,839 27,584 979 — 94,402 
Cost of sales248,802 85,123 3,433 806 338,164 
Gross profit243,885 48,275 1,537 (806)292,891 
Research and development, and other engineering expenses18,019 2,344 404 — 20,767 
Selling expenses42,870 12,638 935 — 56,443 
General and administrative expenses46,652 17,605 345 11,027 75,629 
Sales to other segments *846 1,854 8,015 — 10,715 
Income (loss) from operations136,489 15,669 (86)(11,828)140,244 
Depreciation and amortization11,498 8,152 539 806 20,995 
Significant non-cash charges3,496 495 101 2,367 6,459 
Provision for income taxes32,589 3,091 231 3 35,914 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments29,491 2,782 308 8,439 41,020 
(in thousands) North
America		EuropeAsia/
Pacific		Administrative
& All Other		Total
Six Months Ended June 30, 2026
Net sales$984,215 $264,538 $10,287 $— $1,259,040 
Wood Products842,736 214,234 9,008 — 1,065,978 
Concrete Products139,067 50,304 1,167 — 190,538 
Cost of sales501,345 165,815 6,640 1,156 674,956 
Gross profit482,870 98,723 3,647 (1,156)584,084 
Research and development, and other engineering expenses31,133 5,044 454 — 36,631 
Selling expenses78,292 26,941 2,078 — 107,311 
General and administrative expenses97,147 39,191 977 23,819 161,134 
Sales to other segments *1,675 346 15,153 — 17,174 
Income (loss) from operations276,297 26,786 190 (19,526)283,747 
Depreciation and amortization31,504 17,332 956 1,618 51,410 
Significant non-cash charges8,905 941 341 5,652 15,839 
Provision for income taxes63,624 6,010 437 1,860 71,931 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments24,211 5,410 229 3,600 33,450 
Total assets2,406,456 822,252 49,858 (138,715)3,139,851 

(in thousands) North
America		EuropeAsia/
Pacific		Administrative
& All Other		Total
Six Months Ended June 30, 2025
Net sales$913,386 $247,258 $9,306 $— $1,169,950 
Wood Products788,556 199,689 7,599 — 995,844 
Concrete Products122,842 47,569 1,676 — 172,087 
Cost of sales460,073 158,961 6,046 1,413 626,493 
Gross profit453,313 88,297 3,260 (1,413)543,457 
Research and development, and other engineering expenses35,527 4,476 603 — 40,606 
Selling expenses83,932 24,945 1,730 — 110,607 
General and administrative expenses92,669 33,882 716 22,554 149,821 
Sales to other segments *1,585 4,043 16,649 — 22,277 
Income (loss) from operations241,337 24,978 273 (24,025)242,563 
Depreciation and amortization22,153 15,843 1,105 2,178 41,279 
Significant non-cash charges8,325 1,134 169 3,315 12,943 
Provision for income taxes55,759 6,033 594 124 62,510 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments72,999 5,890 458 11,838 91,185 
Total assets2,253,295 789,658 49,289 (127,839)2,964,403 
*    Sales to other segments are eliminated upon consolidation.

Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $313.9 million and $105.9 million as of June 30, 2026 and 2025, respectively. As of June 30, 2026, the Company had $136.6 million or 30.3% of its cash and cash equivalents held outside the U.S. in accounts belonging to the Company’s various foreign operating entities. The majority of this balance is held in foreign currencies and could be subject to additional taxation if repatriated to the U.S.

The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in the residential and commercial construction market. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The following
table illustrates the distribution of the Company’s net sales by product group as additional information for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
 June 30,		Six Months Ended
 June 30,
(in thousands)2026202520262025
Wood construction products$568,314 $535,561 $1,065,978 $995,844 
Concrete construction products101,411 94,402 190,538 172,087 
Other1,351 1,092 2,524 2,019 
Total$671,076 $631,055 $1,259,040 $1,169,950