v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information Regarding Company's Segments
The following table sets forth financial information related to the Company's segments (in thousands):

Three Months Ended June 30, 2026
Service Center
Innovative Pumping Solutions
Supply Chain Services
Total Reportable Segments
Corporate
Total
Sales
$367,898 $142,739 $65,824 $576,461 $— $576,461 
Operating expenses
310,809 114,859 59,242 484,910 — 484,910 
Other expenses
Depreciation1,040 971 7 2,018 1,040 3,058 
Amortization of finance lease assets
1,884 248 91 2,223 124 2,347 
Other(1)
— — — — 30,653 30,653 
Operating income (loss)$54,165 $26,661 $6,484 $87,310 $(31,817)$55,493 
Interest expense— — — — 16,831 16,831 
Other income, net— — — — (1,059)(1,059)
Income (loss) before income taxes$54,165 $26,661 $6,484 $87,310 $(47,589)$39,721 
Capital expenditures$827 $674 $— $1,501 $1,120 $2,621 
(1). Other primarily includes selling, general and administrative expenses of $23.9 million and amortization of intangible assets of $6.8 million.

Three Months Ended June 30, 2025
Service Center
Innovative Pumping Solutions
Supply Chain Services
Total Reportable Segments
Corporate
Total
Sales
$339,731 $93,540 $65,411 $498,682 $— $498,682 
Operating expenses
287,875 73,897 60,135 421,907 — 421,907 
Other expenses
Depreciation932 767 8 1,707 812 2,519 
Amortization of finance lease assets
753 234 39 1,026 616 1,642 
Other(1)
— — — — 26,628 26,628 
Operating income (loss)$50,171 $18,642 $5,229 $74,042 $(28,056)$45,986 
Interest expense— — — — 14,744 14,744 
Other income, net— — — — (354)(354)
Income (loss) before income taxes$50,171 $18,642 $5,229 $74,042 $(42,446)$31,596 
Capital expenditures$461 $912 $— $1,373 $8,973 $10,346 
(1). Other primarily includes selling, general and administrative expenses of $21.3 million and amortization of intangible assets of $5.3 million.
Six Months Ended June 30, 2026
Service Center
Innovative Pumping Solutions
Supply Chain Services
Total Reportable Segments
Corporate
Total
Sales
$705,874 $261,399 $130,846 $1,098,119 $— $1,098,119 
Operating expenses
596,523 210,653 117,771 924,947 — 924,947 
Other expenses
Depreciation2,067 1,843 14 3,924 2,080 6,004 
Amortization of finance lease assets
3,444 570 163 4,177 258 4,435 
Other(1)
— — — — 64,766 64,766 
Operating income (loss)$103,840 $48,333 $12,898 $165,071 $(67,104)$97,967 
Interest expense— — — — 33,274 33,274 
Other income, net— — — — (1,653)(1,653)
Income (loss) before income taxes$103,840 $48,333 $12,898 $165,071 $(98,725)$66,346 
Capital expenditures$2,548 $1,325 $— $3,873 $2,042 $5,915 
(1). Other primarily includes selling, general and administrative expenses of $51.0 million and amortization of intangible assets of $13.8 million.

Six Months Ended June 30, 2025
Service Center
Innovative Pumping Solutions
Supply Chain Services
Total Reportable Segments
Corporate
Total
Sales
$666,806 $179,722 $128,723 $975,251 $— $975,251 
Operating expenses
565,832 145,685 117,835 829,352 — 829,352 
Other Expenses
Depreciation1,869 1,562 16 3,447 1,389 4,836 
Amortization of finance lease assets
1,890 426 80 2,396 708 3,104 
Other(1)
— — — — 51,458 51,458 
Operating income (loss)$97,215 $32,049 $10,792 $140,056 $(53,555)$86,501 
Interest expense— — — — 29,404 29,404 
Other income, net— — — — (1,672)(1,672)
Income (loss) before income taxes$97,215 $32,049 $10,792 $140,056 $(81,287)$58,769 
Capital expenditures$2,498 $1,486 $— $3,984 $26,276 $30,260 
(1). Other primarily includes selling, general and administrative expenses of $40.8 million and amortization of intangible assets of $10.7 million.
Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income
The following table sets forth total assets related to the Company's segments (in thousands):

June 30, 2026December 31, 2025
Service Centers$848,856 $820,289 
Innovative Pumping Solutions538,504 383,201 
Supply Chain Services
99,830 95,045 
Total Reportable Segments Assets
$1,487,190 $1,298,535 
Corporate 282,320 386,620 
Total Assets$1,769,510 $1,685,155