v3.26.3
Note 15 - Segments (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$121,489

 

 

$68,097

 

 

$311,730

 

 

$212,668

 

Work Truck Solutions

 

 

96,525

 

 

 

94,024

 

 

 

258,729

 

 

 

258,847

 

 

 

$218,014

 

 

$162,121

 

 

$570,459

 

 

$471,515

 

Selling, general and administrative expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$14,880

 

 

$11,971

 

 

$47,359

 

 

$35,813

 

Work Truck Solutions

 

 

12,155

 

 

 

10,502

 

 

 

35,848

 

 

 

31,798

 

 

 

$27,035

 

 

$22,473

 

 

$83,207

 

 

$67,611

 

Other segment items (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$76,464

 

 

$45,665

 

 

$190,762

 

 

$134,497

 

Work Truck Solutions

 

 

76,577

 

 

 

73,898

 

 

 

197,163

 

 

 

197,274

 

 

 

$153,041

 

 

$119,563

 

 

$387,925

 

 

$331,771

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$30,145

 

 

$10,461

 

 

$73,609

 

 

$42,358

 

Work Truck Solutions

 

 

7,793

 

 

 

9,624

 

 

 

25,718

 

 

 

29,775

 

 

 

$37,938

 

 

$20,085

 

 

$99,327

 

 

$72,133

 

Depreciation and amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$1,917

 

 

$1,902

 

 

$5,680

 

 

$5,771

 

Work Truck Solutions

 

 

1,871

 

 

 

1,923

 

 

 

5,786

 

 

 

5,703

 

 

 

$3,788

 

 

$3,825

 

 

$11,466

 

 

$11,474

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$497,923

 

 

$430,212

 

 

 

 

 

 

 

 

 

Work Truck Solutions

 

 

296,091

 

 

 

264,724

 

 

 

 

 

 

 

 

 

 

 

$794,014

 

 

$694,936

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$1,571

 

 

$1,429

 

 

$6,079

 

 

$4,645

 

Work Truck Solutions

 

 

1,913

 

 

 

1,595

 

 

 

5,082

 

 

 

3,317

 

 

 

$3,484

 

 

$3,024

 

 

$11,161

 

 

$7,962

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Work Truck Attachments

 

$30,145

 

 

$10,461

 

 

$73,609

 

 

$42,358

 

Work Truck Solutions

 

 

7,793

 

 

 

9,624

 

 

 

25,718

 

 

 

29,775

 

Total Adjusted EBITDA

 

$37,938

 

 

$20,085

 

 

$99,327

 

 

$72,133

 

Less items to reconcile Adjusted EBITDA to income before taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense - net

 

 

2,934

 

 

 

3,762

 

 

 

7,320

 

 

 

9,119

 

Depreciation expense

 

 

2,271

 

 

 

2,275

 

 

 

6,914

 

 

 

6,824

 

Amortization

 

 

1,517

 

 

 

1,550

 

 

 

4,552

 

 

 

4,650

 

Stock based compensation

 

 

1,820

 

 

 

1,519

 

 

 

8,807

 

 

 

5,223

 

Debt modification expense

 

 

-

 

 

 

-

 

 

 

-

 

 

 

176

 

Loss on extinguishment of debt

 

 

-

 

 

 

-

 

 

 

-

 

 

 

156

 

Other charges (2)

 

 

1,039

 

 

 

567

 

 

 

1,765

 

 

 

938

 

Income before taxes

 

$28,357

 

 

$10,412

 

 

$69,969

 

 

$45,047