v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Summary of Results of Operations
The following table presents the results of operations for the Company’s reportable segments, reconciled to consolidated Income before taxes:
Three Months Ended September 30, 2026Three Months Ended September 30, 2025
(in thousands)North AmericaInternationalTotalNorth AmericaInternationalTotal
Net revenues$355,590 $105,330 $460,920 $330,742 $106,864 $437,606 
Cost of sales(1)
210,644 67,717 204,781 69,896 
Other segment items(2)
29,700 11,008 30,512 11,318 
Adjusted EBITDA$115,246 $26,605 $141,851 $95,449 $25,650 $121,099 
Reconciling items:
Interest expense, net(16,565)(36,952)
Depreciation and amortization(22,205)(23,386)
Refinancing and debt related costs— (2,425)
Foreign exchange gain/(loss) on intercompany loans, net2,705 (3,181)
Stock-based compensation(2,875)(791)
Strategic transaction costs(1,848)(1,132)
Corporate and other(15,148)(10,298)
Income before taxes$85,915 $42,934 
Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025
(in thousands)North AmericaInternationalTotalNorth AmericaInternationalTotal
Net revenues$1,034,667 $329,895 $1,364,562 $952,156 $322,207 $1,274,363 
Cost of sales(1)
629,990 202,904 592,236 198,317 
Other segment items(2)
88,871 33,880 86,893 32,546 
Adjusted EBITDA$315,806 $93,111 $408,917 $273,027 $91,344 $364,371 
Reconciling items:
Interest expense, net(52,262)(121,240)
Depreciation and amortization(66,928)(69,344)
Refinancing and debt related costs(5)(3,479)
Foreign exchange gain/(loss) on intercompany loans, net9,173 (23,035)
Stock-based compensation(8,278)(2,562)
Strategic transaction costs(5,069)(4,176)
Corporate and other(39,413)(34,464)
Income before taxes$246,135 $106,071 
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(1)Consists of Cost of sales, Cost of sales - related parties and Equipment financing expenses for North America and Cost of sales and Cost of sales - related parties for International.
(2)Other segment items for each reportable segment includes:
North America - engineering, sales and marketing, information technology, and certain other overhead expenses.
International - engineering, sales and marketing, information technology, and certain other overhead expenses.