v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting, Revenue [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has three reportable segments: Residential, Agtech, and Infrastructure. The Company's reportable segments are each managed separately because they design, engineer, manufacture, and where applicable install, distinct products with different production processes.
•Residential consists of operating segments that sell the following products and services to major retail home centers, building material wholesalers, building product distributors, roofing distributors, residential contractors, property management companies, manufactured housing dealers, postal services distributors and providers, and online direct to end consumers: roofing accessories, metal roofing products and services, rain dispersion products, roof and foundation ventilation products, single point and centralized mail and package solutions, outdoor living space products (sun-shading), and other construction accessories.
•Agtech consists of operating segments that sell the following products and services to large-scale indoor commercial growers of fruits and vegetables, plants and flowers, and agricultural research and development facilities, as well as convenience store, travel centers, food retailers, and quick-serve restaurants: design, manufacture and build controlled environment agriculture structures, custom greenhouses and structural canopies.
•Infrastructure consists of an operating segment that sells the following products to commercial and transportation contractors and fabricators: expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems.
The accounting policies of the Company's segments are the same as those described in Note 1 "Summary of Significant Accounting Policies" included in the Company's annual report on Form 10-K for the year ended December 31, 2025. The following tables illustrate certain measurements used by management to assess the performance of the segments described above (in thousands):
Three Months Ended September 30, 2026
ResidentialAgtechInfrastructureTotal
Net sales$398,952 $59,326 $21,292 $479,570 
Less (1):
Operating expenses (2)349,624 54,174 17,113 420,911 
Segment profit49,328 5,152 4,179 58,659 
Reconciliation of segment profit
Unallocated corporate expenses(9,397)
Interest expense, net(21,522)
Other income, net2,721 
Income before taxes from continuing operations$30,461 
Three Months Ended September 30, 2025
ResidentialAgtechInfrastructureTotal
Net sales$230,286 $57,565 $23,088 $310,939 
Less (1):
Operating expenses (2)189,854 54,387 18,351 262,592 
Segment profit40,432 3,178 4,737 48,347 
Reconciliation of segment profit
Unallocated corporate expenses(8,405)
Interest expense, net(2)
Other income, net1,989 
Income before taxes from continuing operations$41,929 
Nine Months Ended September 30, 2026
ResidentialAgtechInfrastructureTotal
Net sales$1,106,239 $173,788 $65,377 $1,345,404 
Less (1):
Operating expenses (2)976,162 159,402 51,634 1,187,198 
Segment profit130,077 14,386 13,743 158,206 
Reconciliation of segment profit
Unallocated corporate expenses(53,581)
Interest expense, net(55,511)
Other income, net2,640 
Income before taxes from continuing operations$51,754 
Nine Months Ended September 30, 2025
ResidentialAgtechInfrastructureTotal
Net sales$640,538 $156,697 $69,578 $866,813 
Less (1):
Operating expenses (2)525,235 150,628 52,500 728,363 
Segment profit115,303 6,069 17,078 138,450 
Reconciliation of segment profit
Unallocated corporate expenses(30,347)
Interest income, net1,281 
Other income, net2,018 
Income before taxes from continuing operations$111,402 
Footnotes:
(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Operating expenses for each reportable segment includes inventory and manufacturing expenses, employee compensation, depreciation and amortization, freight services, other costs of sales expenses, and other selling, general and administrative expenses.
The following table presents the reported segments' and unallocated corporate reported depreciation and amortization (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Residential$16,556 $4,097 $45,141 $9,863 
Agtech1,975 1,356 6,059 8,655 
Infrastructure385 726 1,487 2,126 
Unallocated corporate expenses973 822 2,920 2,457 
Total depreciation and amortization$19,889 $7,001 $55,607 $23,101 
The following table presents the assets of the reported segments, unallocated corporate assets and assets of discontinued operations as of (in thousands):
September 30,
2026		December 31,
2025
Residential$2,190,963 $639,397 
Agtech300,400 290,785 
Infrastructure80,663 78,266 
Unallocated corporate assets101,022 192,793 
Assets of discontinued operations11,342 192,362 
Total assets$2,684,390 $1,393,603 
The following presents disaggregated revenue by timing of transfer of control to customers by reported segment (in thousands):
Three Months Ended September 30, 2026
ResidentialAgtechInfrastructureTotal
Point in Time$398,952 $1,083 $9,079 $409,114 
Over Time— 58,243 12,213 70,456 
Total net sales$398,952 $59,326 $21,292 $479,570 
Three Months Ended September 30, 2025
ResidentialAgtechInfrastructureTotal
Point in Time$230,286 $639 $11,153 $242,078 
Over Time— 56,926 11,935 68,861 
Total net sales$230,286 $57,565 $23,088 $310,939 
Nine Months Ended September 30, 2026
ResidentialAgtechInfrastructureTotal
Point in Time$1,106,239 $1,996 $28,776 $1,137,011 
Over Time— 171,792 36,601 208,393 
Total net sales$1,106,239 $173,788 $65,377 $1,345,404 
Nine Months Ended September 30, 2025
ResidentialAgtechInfrastructureTotal
Point in Time$640,538 $1,059 $30,707 $672,304 
Over Time— 155,638 38,871 194,509 
Total net sales$640,538 $156,697 $69,578 $866,813