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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents segment revenues, significant segment expenses, and measures of segment profit or loss for the years ended December 31, 2024, 2023 and 2022:

						Years Ended December 31,
Revenues						2024						2023						2022
E-Infrastructure Solutions						$	923,728					$	937,408					$	905,277
Transportation Solutions						783,659						630,908						542,550
Building Solutions						408,369						403,913						321,609
Total Revenues						$	2,115,756					$	1,972,229					$	1,769,436
Cost of Revenues
E-Infrastructure Solutions						$	(668,956)					$	(746,608)					$	(737,348)
Transportation Solutions						(682,706)						(542,033)						(481,951)
Building Solutions						(337,971)						(345,950)						(275,570)
Total Cost of Revenues						$	(1,689,633)					$	(1,634,591)					$	(1,494,869)
Gross Profit
E-Infrastructure Solutions						$	254,772					$	190,800					$	167,929
Transportation Solutions						100,953						88,875						60,599
Building Solutions						70,398						57,963						46,039
Total Gross Profit						$	426,123					$	337,638					$	274,567
General and Administrative Expense
E-Infrastructure Solutions						$	(39,621)					$	(37,911)					$	(34,584)
Transportation Solutions						(29,221)						(29,254)						(20,686)
Building Solutions						(11,314)						(9,105)						(7,138)
Segment General and Administrative Expense						(80,156)						(76,270)						(62,408)
Corporate						(38,268)						(22,433)						(24,072)
Total General and Administrative Expense						$	(118,424)					$	(98,703)					$	(86,480)
Intangible Amortization
E-Infrastructure Solutions						$	(11,792)					$	(11,892)					$	(11,892)
Transportation Solutions						—						—						—
Building Solutions						(5,245)						(3,334)						(2,208)
Total Intangible Amortization						$	(17,037)					$	(15,226)					$	(14,100)
Other Operating Expense, Net
E-Infrastructure Solutions						$	—					$	—					$	—
Transportation Solutions						(20,863)						(17,710)						(13,290)
Building Solutions						(4,756)						669						—
Total Other Operating Expense, Net						$	(25,619)					$	(17,041)					$	(13,290)
Operating Income
E-Infrastructure Solutions						$	203,359					$	140,997					$	121,453
Transportation Solutions						50,869						41,911						26,623
Building Solutions						49,083						46,193						36,693
Segment Operating Income						303,311						229,101						184,769
Corporate General and Administrative Expense						(38,268)						(22,433)						(24,072)
Acquisition Related Costs						(421)						(873)						(827)
Total Operating Income						$	264,622					$	205,795					$	159,870
Interest Income (Expense), Net
E-Infrastructure Solutions						$	(9)					$	(9)					$	(11)
Transportation Solutions						5,086						2,897						558
Building Solutions						210						—						2
Segment Interest Income (Expense), Net						5,287						2,888						549

Corporate						(2,920)						(18,068)						(20,255)
Total Interest Income (Expense), Net						$	2,367					$	(15,180)					$	(19,706)
Gain on deconsolidation of subsidiary, net						91,289						—						—
Income before income taxes						$	358,278					$	190,615					$	140,164

The following table presents depreciation by reportable segment for the years ended December 31, 2024, 2023 and 2022:

						Years Ended December 31,
Depreciation						2024						2023						2022
E-Infrastructure Solutions						$	(34,858)					$	(30,997)					$	(26,967)
Transportation Solutions						(14,551)						(10,195)						(8,656)
Building Solutions						(1,049)						(807)						(762)
Corporate						(915)						(178)						(90)
Total Depreciation						$	(51,373)					$	(42,177)					$	(36,475)

The following table presents total assets by reportable segment at December 31, 2024 and 2023:

Assets						December 31, 2024						December 31, 2023
E-Infrastructure Solutions						$	958,107					$	923,643
Transportation Solutions (1)						178,143						221,601
Building Solutions						238,776						245,688
Corporate						641,748						386,252
Total Assets						$	2,016,774					$	1,777,184

(1)    The decrease in Transportation Solutions assets in 2024 is primarily due to the deconsolidation of our 50% owned subsidiary, RHB.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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