v3.26.1
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The operating results of the Company’s reportable segments were as follows for the periods presented:


Three Months Ended
June 30,
20262025
Rail, Technologies, and Services
Infrastructure SolutionsTotalRail, Technologies, and ServicesInfrastructure SolutionsTotal
Net sales$72,012 $66,538 $138,550 $75,973 $67,585 $143,558 
Less:
Cost of sales(57,201)(50,475)(107,676)(60,841)(51,817)(112,658)
Selling and administrative employment costs(7,963)(6,496)(14,459)(7,237)(5,902)(13,139)
Purchased services (1)
(1,729)(1,622)(3,351)(1,660)(1,273)(2,933)
General administrative costs (2)
(1,795)(1,091)(2,886)(1,949)(1,526)(3,475)
Amortization expense(335)(283)(618)(539)(301)(840)
Segment operating income$2,989 $6,571 $9,560 $3,747 $6,766 $10,513 
Reconciliation of segment operating income
Total segment operating income$9,560 $10,513 
Interest expense - net(891)(1,490)
Other income - net 191 95 
Public company costs(774)(1,346)
Corporate executive management costs(1,437)(728)
Corporate management stock-based compensation(906)(761)
Strategic initiatives costs(292)— 
Income before income taxes$5,451 $6,283 
(1) Purchased services costs generally include contractor services, insurance expenditures, rental expense, and legal services.
(2)General administrative costs generally include office supplies, utilities, advertising, bad debt expense, and any restructuring expenditures.
Six Months Ended
June 30,
20262025
Rail, Technologies, and ServicesInfrastructure SolutionsTotalRail, Technologies, and ServicesInfrastructure SolutionsTotal
Net sales$146,788 $112,906 $259,694 $129,988 $111,362 $241,350 
Less:
Cost of sales(115,835)(87,289)(203,124)(102,827)(87,472)(190,299)
Selling and administrative employment costs(15,530)(12,339)(27,869)(14,636)(11,466)(26,102)
Purchased services (1)
(3,502)(3,168)(6,670)(3,333)(2,631)(5,964)
General administrative costs (2)
(3,440)(2,446)(5,886)(3,942)(2,868)(6,810)
Amortization expense(672)(564)(1,236)(1,359)(603)(1,962)
Segment operating income$7,809 $7,100 $14,909 $3,891 $6,322 $10,213 
Reconciliation of segment operating income
Total segment operating income$14,909 $10,213 
Interest expense - net(1,742)(2,633)
Other income - net408 413 
Public company costs(1,879)(2,471)
Corporate executive management costs(2,227)(948)
Corporate management stock-based compensation(2,315)(1,039)
Strategic initiatives costs(292)— 
Income before income taxes$6,862 $3,535 
(1) Purchased services costs generally include contractor services, insurance expenditures, rental expense, and legal services.
(2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, and any restructuring expenditures.
Reconciliations of reportable depreciation and amortization and expenditures for long-lived assets to the Company’s consolidated totals are as follows for the periods presented:

Three Months Ended
June 30,
20262025
Depreciation/AmortizationExpenditures for Long-Lived AssetsDepreciation/AmortizationExpenditures for Long-Lived Assets
Rail, Technologies, and Services$677 $412 $913 $628 
Infrastructure Solutions1,718 2,577 1,679 1,457 
  Reportable segments total
$2,395 $2,989 $2,592 $2,085 
Corporate
357 572 515 588 
Total
$2,752 $3,561 $3,107 $2,673 
Six Months Ended
June 30,
20262025
Depreciation/AmortizationExpenditures for Long-Lived AssetsDepreciation/AmortizationExpenditures for Long-Lived Assets
Rail, Technologies, and Services$1,370 $686 $2,081 $1,055 
Infrastructure Solutions3,397 4,536 3,443 3,495 
  Reportable segments total$4,767 $5,222 $5,524 $4,550 
Corporate880 1,299 1,010 698 
Total$5,647 $6,521 $6,534 $5,248 

The following table summarizes the Company's total assets by reportable segment for the following periods:

June 30,
2026		December 31,
2025
Rail, Technologies, and Services$145,631 $155,552 
Infrastructure Solutions139,784 128,489 
  Reportable segments total285,415 284,041 
Corporate48,740 46,331 
Total$334,155 $330,372