v3.26.3
BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION (Tables)
9 Months Ended
Sep. 26, 2026
BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION  
Schedule of Segment Reporting Information of Sales and Operating Income

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​

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​

​

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  ​ ​ ​

Thirteen weeks ended September 26, 2026

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Consolidated

Sales

​

$

882,089

 

$

225,997

 

$

1,108,086

Intersegment sales

​

​

(2,503)

​

​

(1,782)

​

​

(4,285)

Net sales

​

​

879,586

​

​

224,215

​

​

1,103,801

Cost of sales

​

​

624,215

​

​

148,202

​

​

772,417

Gross profit

​

​

255,371

​

​

76,013

​

​

331,384

Segment selling, general, and administrative expenses (a)

​

​

100,532

​

​

35,864

​

​

136,396

Segment operating income

​

$

154,839

​

$

40,149

​

​

194,988

Unallocated corporate expenses

​

​

​

​

​

​

​

​

22,154

Total operating income

​

​

​

​

​

​

​

$

172,834

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirteen weeks ended September 27, 2025

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Consolidated

Sales

​

$

808,285

 

$

241,338

 

$

1,049,623

Intersegment sales

​

​

(1,723)

​

​

(1,920)

​

​

(3,643)

Net sales

​

​

806,562

​

​

239,418

​

​

1,045,980

Cost of sales

​

​

567,136

​

​

160,598

​

​

727,734

Gross profit

​

​

239,426

​

​

78,820

​

​

318,246

Segment selling, general, and administrative expenses (a)

​

​

96,049

​

​

55,631

​

​

151,680

Segment operating income

​

$

143,377

​

$

23,189

​

​

166,566

Unallocated corporate expenses

​

​

​

​

​

​

​

​

25,110

Total operating income

​

​

​

​

​

​

​

$

141,456

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirty-nine weeks ended September 26, 2026

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Consolidated

Sales

​

$

2,566,951

 

$

696,692

 

$

3,263,643

Intersegment sales

​

​

(7,467)

​

​

(4,489)

​

​

(11,956)

Net sales

​

​

2,559,484

​

​

692,203

​

​

3,251,687

Cost of sales

​

​

1,795,282

​

​

467,326

​

​

2,262,608

Gross profit

​

​

764,202

​

​

224,877

​

​

989,079

Segment selling, general, and administrative expenses (a)

​

​

311,964

​

​

111,342

​

​

423,306

Segment operating income

​

$

452,238

​

$

113,535

​

​

565,773

Unallocated corporate expenses

​

​

​

​

​

​

​

​

71,202

Total operating income

​

​

​

​

​

​

​

$

494,571

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirty-nine weeks ended September 27, 2025

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Consolidated

Sales

​

$

2,280,031

 

$

798,029

 

$

3,078,060

Intersegment sales

​

​

(6,886)

​

​

(5,332)

​

​

(12,218)

Net sales

​

​

2,273,145

​

​

792,697

​

​

3,065,842

Cost of sales

​

​

1,592,961

​

​

542,366

​

​

2,135,327

Gross profit

​

​

680,184

​

​

250,331

​

​

930,515

Segment selling, general, and administrative expenses (a)

​

​

302,899

​

​

149,987

​

​

452,886

Impairment of goodwill and other intangible assets

​

​

89,356

​

​

1,981

​

​

91,337

Realignment charges

​

​

1,426

​

​

2,886

​

​

4,312

Segment operating income

​

$

286,503

​

$

95,477

​

​

381,980

Unallocated corporate expenses

​

​

​

​

​

​

​

​

78,362

Corporate realignment charges

​

​

​

​

​

​

​

​

4,572

Total operating income

​

​

​

​

​

​

​

$

299,046

(a)Selling, general, and administrative expenses for each reportable segment includes compensation, certain allocated overhead expenses including information technology and enterprise resource planning, commissions, incentives, depreciation and amortization expense, research and development, and professional services fees.

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  ​ ​ ​

Thirteen weeks ended September 26, 2026

​

​

Infrastructure

  ​ ​ ​

Agriculture

​

Intersegment

  ​ ​ ​

Consolidated

Geographical market:

​

​

  ​

 

​

  ​

​

​

  ​

 

​

  ​

North America

​

$

721,751

​

$

128,920

​

$

(4,285)

​

$

846,386

International

​

 

160,338

​

 

97,077

​

 

—

​

 

257,415

Total sales

​

$

882,089

​

$

225,997

​

$

(4,285)

​

$

1,103,801

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

North America Utility

​

$

469,622

​

$

—

​

$

—

​

$

469,622

North America Lighting and Transportation

​

 

127,471

​

 

—

​

 

—

​

 

127,471

North America Coatings

​

 

69,713

​

 

—

​

 

(2,503)

​

 

67,210

North America Telecommunications

​

 

54,885

​

 

—

​

 

—

​

 

54,885

International Infrastructure and Solar

​

 

160,398

​

 

—

​

 

—

​

 

160,398

Agriculture

​

 

—

​

 

225,997

​

 

(1,782)

​

 

224,215

Total sales

​

$

882,089

​

$

225,997

​

$

(4,285)

​

$

1,103,801

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirteen weeks ended September 27, 2025

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Intersegment

  ​ ​ ​

Consolidated

Geographical market:

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

North America

​

$

656,285

​

$

111,334

​

$

(3,638)

​

$

763,981

International

​

 

152,000

​

 

130,004

​

 

(5)

​

 

281,999

Total sales

​

$

808,285

​

$

241,338

​

$

(3,643)

​

$

1,045,980

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

North America Utility

​

$

381,657

​

$

—

​

$

—

​

$

381,657

North America Lighting and Transportation

​

 

130,369

​

 

—

​

 

—

​

 

130,369

North America Coatings

​

 

61,251

​

 

—

​

 

(1,718)

​

 

59,533

North America Telecommunications

​

 

82,926

​

 

—

​

 

—

​

 

82,926

International Infrastructure and Solar

​

 

152,082

​

 

—

​

 

(5)

​

 

152,077

Agriculture

​

 

—

​

 

241,338

​

 

(1,920)

​

 

239,418

Total sales

​

$

808,285

​

$

241,338

​

$

(3,643)

​

$

1,045,980

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirty-nine weeks ended September 26, 2026

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Intersegment

  ​ ​ ​

Consolidated

Geographical market:

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

North America

​

$

2,103,093

​

$

407,670

​

$

(11,956)

​

$

2,498,807

International

​

 

463,858

​

 

289,022

​

 

—

​

 

752,880

Total sales

​

$

2,566,951

​

$

696,692

​

$

(11,956)

​

$

3,251,687

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​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

North America Utility

​

$

1,350,544

​

$

—

​

$

—

​

$

1,350,544

North America Lighting and Transportation

​

 

376,625

​

 

—

​

 

—

​

 

376,625

North America Coatings

​

 

201,884

​

 

—

​

 

(7,467)

​

 

194,417

North America Telecommunications

​

 

173,374

​

 

—

​

 

—

​

 

173,374

International Infrastructure and Solar

​

 

464,524

​

 

—

​

 

—

​

 

464,524

Agriculture

​

 

—

​

 

696,692

​

 

(4,489)

​

 

692,203

Total sales

​

$

2,566,951

​

$

696,692

​

$

(11,956)

​

$

3,251,687

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​

​

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​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirty-nine weeks ended September 27, 2025

​

​

Infrastructure

  ​ ​ ​

Agriculture

  ​ ​ ​

Intersegment

  ​ ​ ​

Consolidated

Geographical market:

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

North America

​

$

1,849,918

​

$

391,292

​

$

(12,079)

​

$

2,229,131

International

​

 

430,113

​

 

406,737

​

 

(139)

​

 

836,711

Total sales

​

$

2,280,031

​

$

798,029

​

$

(12,218)

​

$

3,065,842

​

​

​

​

​

​

​

​

​

​

​

​

​

Product line:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

North America Utility

​

$

1,055,681

​

$

—

​

$

—

​

$

1,055,681

North America Lighting and Transportation

​

 

388,257

​

 

—

​

 

—

​

 

388,257

North America Coatings

​

 

176,143

​

 

—

​

 

(6,747)

​

 

169,396

North America Telecommunications

​

 

224,063

​

 

—

​

 

—

​

 

224,063

International Infrastructure and Solar

​

 

435,887

​

 

—

​

 

(139)

​

 

435,748

Agriculture

​

 

—

​

 

798,029

​

 

(5,332)

​

 

792,697

Total sales

​

$

2,280,031

​

$

798,029

​

$

(12,218)

​

$

3,065,842

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​

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​

​

​

​

​

  ​ ​ ​

September 26,

​

December 27,

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​

2026

  ​ ​ ​

2025

ASSETS:

​

 

  ​

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  ​

Infrastructure

​

$

2,468,226

​

$

2,312,500

Agriculture

​

 

808,872

​

 

768,715

Total segment assets

​

​

3,277,098

​

​

3,081,215

Unallocated corporate assets

​

 

263,776

​

 

288,114

Total assets

​

$

3,540,874

​

$

3,369,329

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​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirteen weeks ended

​

Thirty-nine weeks ended

​

​

September 26,

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September 27,

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September 26,

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September 27,

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​

2026

  ​ ​ ​

2025

​

2026

  ​ ​ ​

2025

CAPITAL EXPENDITURES:

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​

Infrastructure

 

$

39,209

 

$

37,794

 

$

102,037

 

$

92,167

Agriculture

 

​

4,423

 

​

3,410

 

​

10,672

 

​

8,856

Total segment capital expenditures

​

​

43,632

​

​

41,204

​

​

112,709

​

​

101,023

Unallocated corporate capital expenditures

 

​

1,941

 

​

720

 

​

3,368

 

​

3,207

Total capital expenditures

​

$

45,573

​

$

41,924

​

$

116,077

​

$

104,230

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​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirteen weeks ended

​

Thirty-nine weeks ended

​

​

September 26,

​

September 27,

​

September 26,

​

September 27,

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​

2026

  ​ ​ ​

2025

​

2026

  ​ ​ ​

2025

DEPRECIATION AND AMORTIZATION:

​

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​

​

​

Infrastructure

 

$

21,495

 

$

16,176

 

$

58,336

 

$

47,645

Agriculture

 

​

3,621

 

​

3,412

 

​

10,817

 

​

11,464

Total segment depreciation and amortization expense

​

​

25,116

​

​

19,588

​

​

69,153

​

​

59,109

Unallocated corporate depreciation and amortization expense

 

​

912

 

​

2,060

 

​

3,707

 

​

6,320

Total depreciation and amortization expense

​

$

26,028

​

$

21,648

​

$

72,860

​

$

65,429

​