XML 55 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information
15.SEGMENT INFORMATION
The Company’s internal and public segment reporting are aligned based upon the services offered by its operating segments. The Company’s operations consist of three reportable segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.
The Company’s Chief Operating Decision Maker (“CODM”) evaluates the performance of the operating segment based upon revenue and income from operations. We incur certain expenses at the corporate level that relate to our business as a whole. A portion of these expenses are allocated to our business segments by various methods, but primarily on the basis of usage. The balance of the corporate level expenses are reported in the “Corporate G&A Expense” line, which is primarily comprised of corporate headquarters facility expense, the cost of the executive management team, and other expenses pertaining to certain centralized functions that benefit the entire Company but are not directly attributable to any specific business segment, such as corporate human resources, legal, governance, compliance and finance functions.
The following table presents total revenue and income from operations by reportable segment for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
Revenues2024202320242023
E-Infrastructure Solutions$263,899 $253,948 $689,687 $719,936 
Transportation Solutions227,251 192,996 608,995 455,223 
Building Solutions102,591 113,403 318,241 311,092 
Total Revenues$593,741 $560,347 $1,616,923 $1,486,251 
Operating Income
E-Infrastructure Solutions$68,076 $35,945 $146,922 $103,381 
Transportation Solutions18,573 14,487 42,154 29,649 
Building Solutions11,249 12,848 39,837 35,029 
Segment Operating Income97,898 63,280 228,913 168,059 
Corporate G&A Expense
(10,334)(6,040)(26,353)(17,680)
Acquisition Related Costs(72)(103)(209)(352)
Total Operating Income$87,492 $57,137 $202,351 $150,027