v3.26.3
BUSINESS SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information is as follows for the three months ended September 30, 2026:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$76,886 $67,124 $28,815 $172,825 
Cost of products sold54,892 49,580 21,873 126,345 
Gross profit21,994 17,544 6,942 46,480 
Stock-based compensation*79 — — 79 
General and administrative expenses7,085 3,076 1,171 11,332 
Selling and distribution expenses4,647 4,233 2,045 10,925 
Amortization of purchased intangible assets4,356 — — 4,356 
Restructuring expenses and asset impairments47 31 — 78 
Operating income5,780 10,204 3,726 19,710 
Unallocated corporate expenses(4,344)
Unallocated stock-based compensation*(862)
Other income, net18 
Interest expense, net(1,256)
Income before income taxes13,266 
Income tax provision1,195 
Net income$12,071 
Segment information is as follows for the nine months ended September 30, 2026:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$201,011 $194,054 $70,308 $465,373 
Cost of products sold146,688 158,291 53,979 358,958 
Gross profit54,323 35,763 16,329 106,415 
Stock-based compensation*181 — — 181 
General and administrative expenses19,597 8,334 3,085 31,016 
Selling and distribution expenses13,464 12,217 6,283 31,964 
Amortization of purchased intangible assets13,069 — — 13,069 
Restructuring expenses and asset impairments589 169 — 758 
Operating income7,423 15,043 6,961 29,427 
Unallocated corporate expenses(11,195)
Unallocated stock-based compensation*(2,593)
Other expense, net(12)
Interest expense, net(3,997)
Income before income taxes11,630 
Income tax provision4,352 
Net income$7,278 
Segment information is as follows for the three months ended September 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$61,661 $68,946 $20,925 $151,532 
Cost of products sold43,944 58,970 15,717 118,631 
Gross profit17,717 9,976 5,208 32,901 
Stock-based compensation*18 — — 18 
General and administrative expenses6,062 2,416 2,076 10,554 
Selling and distribution expenses4,156 4,514 1,870 10,540 
Amortization of purchased intangible assets4,764 — — 4,764 
Restructuring expenses and asset impairments132 57 1,013 1,202 
Operating income2,585 2,989 249 5,823 
Unallocated corporate expenses(3,871)
Unallocated stock-based compensation*(1,342)
Other expense, net(334)
Interest expense, net(1,632)
Loss before income taxes(1,356)
Income tax provision714 
Net loss$(2,070)
Segment information is as follows for the nine months ended September 30, 2025:
Arcadia ProductsDynaEnergeticsNobelCladTotal
Net sales$189,221 $201,359 $75,729 $466,309 
Cost of products sold134,893 164,613 55,831 355,337 
Gross profit54,328 36,746 19,898 110,972 
Stock-based compensation*493 — — 493 
General and administrative expenses19,695 8,191 4,119 32,005 
Selling and distribution expenses13,104 12,764 6,277 32,145 
Amortization of purchased intangible assets14,290 — — 14,290 
Restructuring expenses and asset impairments649 803 1,224 2,676 
Operating income6,097 14,988 8,278 29,363 
Unallocated corporate expenses(14,496)
Unallocated stock-based compensation*(3,847)
Other expense, net(898)
Interest expense, net(5,142)
Income before income taxes4,980 
Income tax provision4,866 
Net income$114 
*    Stock-based compensation is not allocated to wholly owned segments DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia Products segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.
Three months ended September 30,Nine months ended September 30,
2026202520262025
Depreciation and amortization:
Arcadia Products$5,378 $5,784 $16,143 $17,332 
DynaEnergetics1,693 1,821 5,100 5,434 
NobelClad842 813 2,532 2,388 
Segment depreciation and amortization7,913 8,418 23,775 25,154 
Corporate and other76 79 230 236 
Consolidated depreciation and amortization$7,989 $8,497 $24,005 $25,390 
The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada. The following represents our net sales based on the geographic location of the customer for the periods presented:
Arcadia Products
Three months ended September 30,Nine months ended September 30,
2026202520262025
West$62,523 $51,342 $165,164 $157,873 
South7,397 4,153 17,891 15,147 
Northeast3,140 3,664 9,235 9,300 
Midwest3,826 2,502 8,721 6,901 
Total Arcadia Products$76,886 $61,661 $201,011 $189,221 
DynaEnergetics
Three months ended September 30,Nine months ended September 30,
2026202520262025
United States$51,113 $54,975 $151,239 $160,426 
India5,656 172 6,122 438 
Canada2,244 1,255 6,757 9,121 
Kuwait1,573 1,298 3,918 2,916 
Egypt1,479 1,227 3,475 2,952 
Algeria809 1,253 2,763 1,814 
Oman599 986 947 3,830 
Ukraine259 783 289 3,147 
United Arab Emirates200 2,652 609 3,375 
Turkey— 1,315 3,129 1,841 
Turkmenistan— — 3,469 — 
Rest of the world (1)
3,192 3,030 11,337 11,499 
Total DynaEnergetics$67,124 $68,946 $194,054 $201,359 
(1)        Rest of the world does not include any individual country comprising sales greater than 2% of total DynaEnergetics revenue.
NobelClad
Three months ended September 30,Nine months ended September 30,
2026202520262025
United States$9,246 $7,031 $20,138 $24,379 
China6,239 1,731 19,104 2,302 
India4,012 461 5,710 1,008 
Spain2,508 148 2,713 481 
Italy1,244 54 1,737 260 
United Arab Emirates1,025 594 2,359 2,010 
Canada960 2,982 3,259 8,020 
Germany605 1,791 1,693 16,942 
Sweden447 185 4,050 1,252 
France407 812 1,368 2,312 
Belgium388 230 623 3,047 
Netherlands328 437 2,265 1,457 
South Korea216 1,985 463 3,704 
Bahrain71 717 211 1,028 
Saudi Arabia— 119 62 2,773 
Rest of the world (1)
1,119 1,648 4,553 4,754 
Total NobelClad$28,815 $20,925 $70,308 $75,729 
(1)        Rest of the world does not include any individual country comprising sales greater than 3% of total NobelClad revenue.