| Summary of Segment Information |
The following tables summarize the Company’s segment information for the three and six-month periods ended July 4, 2026 and June 28, 2025, respectively (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three-month period ended July 4, 2026 |
|
|
PDS |
|
HHH |
|
MS |
|
Total |
|
Revenue |
$ |
553,929 |
|
$ |
69,023 |
|
$ |
47,531 |
|
$ |
670,483 |
|
Cost of revenue, excluding depreciation and amortization |
|
394,047 |
|
|
31,837 |
|
|
26,074 |
|
|
451,958 |
|
Gross margin |
$ |
159,882 |
|
$ |
37,186 |
|
$ |
21,457 |
|
$ |
218,525 |
|
Gross margin percentage |
|
28.9 |
% |
|
53.9 |
% |
|
45.1 |
% |
|
32.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three-month period ended June 28, 2025 |
|
|
PDS |
|
HHH |
|
MS |
|
Total |
|
Revenue |
$ |
486,012 |
|
$ |
60,112 |
|
$ |
43,429 |
|
$ |
589,553 |
|
Cost of revenue, excluding depreciation and amortization |
|
328,078 |
|
|
27,048 |
|
$ |
23,627 |
|
|
378,753 |
|
Gross margin |
$ |
157,934 |
|
$ |
33,064 |
|
$ |
19,802 |
|
$ |
210,800 |
|
Gross margin percentage |
|
32.5 |
% |
|
55.0 |
% |
|
45.6 |
% |
|
35.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six-month period ended July 4, 2026 |
|
|
PDS |
|
HHH |
|
MS |
|
Total |
|
Revenue |
$ |
1,089,581 |
|
$ |
135,632 |
|
$ |
93,185 |
|
$ |
1,318,398 |
|
Cost of revenue, excluding depreciation and amortization |
|
780,464 |
|
|
62,670 |
|
|
51,311 |
|
|
894,445 |
|
Gross margin |
$ |
309,117 |
|
$ |
72,962 |
|
$ |
41,874 |
|
$ |
423,953 |
|
Gross margin percentage |
|
28.4 |
% |
|
53.8 |
% |
|
44.9 |
% |
|
32.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six-month period ended June 28, 2025 |
|
|
PDS |
|
HHH |
|
MS |
|
Total |
|
Revenue |
$ |
946,010 |
|
$ |
116,845 |
|
$ |
85,922 |
|
$ |
1,148,777 |
|
Cost of revenue, excluding depreciation and amortization |
|
653,391 |
|
|
53,041 |
|
$ |
47,987 |
|
|
754,419 |
|
Gross margin |
$ |
292,619 |
|
$ |
63,804 |
|
$ |
37,935 |
|
$ |
394,358 |
|
Gross margin percentage |
|
30.9 |
% |
|
54.6 |
% |
|
44.2 |
% |
|
34.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three-month periods ended |
|
For the six-month periods ended |
|
Segment Reconciliation: |
July 4, 2026 |
|
June 28, 2025 |
|
July 4, 2026 |
|
June 28, 2025 |
|
Total segment gross margin |
$ |
218,525 |
|
$ |
210,800 |
|
$ |
423,953 |
|
$ |
394,358 |
|
Branch and regional administrative expenses |
|
97,079 |
|
|
90,069 |
|
|
192,871 |
|
|
181,456 |
|
Corporate expenses |
|
34,083 |
|
|
34,529 |
|
|
68,239 |
|
|
72,034 |
|
Depreciation and amortization |
|
2,849 |
|
|
2,617 |
|
|
5,893 |
|
|
5,211 |
|
Acquisition-related costs |
|
4,390 |
|
|
3,400 |
|
|
7,500 |
|
|
3,506 |
|
Other operating expense |
|
144 |
|
|
151 |
|
|
144 |
|
|
316 |
|
Operating income |
|
79,980 |
|
|
80,034 |
|
|
149,306 |
|
|
131,835 |
|
Interest income |
|
1,259 |
|
|
129 |
|
|
2,917 |
|
|
261 |
|
Interest expense |
|
(27,776 |
) |
|
(36,003 |
) |
|
(56,934 |
) |
|
(72,338 |
) |
Other income (expense) |
|
3,010 |
|
|
(22 |
) |
|
6,159 |
|
|
(5,472 |
) |
Income before income taxes |
$ |
56,473 |
|
$ |
44,138 |
|
$ |
101,448 |
|
$ |
54,286 |
|
|