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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
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 three and six months ended June 30, 2025 and 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Revenues | 2025 |  | 2024 |  | 2025 |  | 2024
E-Infrastructure Solutions | $ | 310,406 |  |  | $ | 241,312 |  |  | $ | 528,669 |  |  | $ | 425,788 |
Transportation Solutions | 196,797 |  |  | 232,775 |  |  | 317,458 |  |  | 381,744 |
Building Solutions | 107,265 |  |  | 108,735 |  |  | 199,290 |  |  | 215,650 |
Total Revenues | $ | 614,468 |  |  | $ | 582,822 |  |  | $ | 1,045,417 |  |  | $ | 1,023,182 |
Cost of Revenues |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | (211,181) |  |  | $ | (176,898) |  |  | $ | (367,702) |  |  | $ | (321,979) |
Transportation Solutions | (167,334) |  |  | (203,315) |  |  | (271,999) |  |  | (334,610) |
Building Solutions | (92,813) |  |  | (89,866) |  |  | (167,736) |  |  | (176,946) |
Total Cost of Revenues | $ | (471,328) |  |  | $ | (470,079) |  |  | $ | (807,437) |  |  | $ | (833,535) |
Gross Profit |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | 99,225 |  |  | $ | 64,414 |  |  | $ | 160,967 |  |  | $ | 103,809 |
Transportation Solutions | 29,463 |  |  | 29,460 |  |  | 45,459 |  |  | 47,134 |
Building Solutions | 14,452 |  |  | 18,869 |  |  | 31,554 |  |  | 38,704 |
Total Gross Profit | $ | 143,140 |  |  | $ | 112,743 |  |  | $ | 237,980 |  |  | $ | 189,647 |
General and Administrative Expense |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | (12,491) |  |  | $ | (9,763) |  |  | $ | (24,624) |  |  | $ | (19,016) |
Transportation Solutions | (7,273) |  |  | (7,239) |  |  | (13,908) |  |  | (14,633) |
Building Solutions | (3,028) |  |  | (2,750) |  |  | (6,242) |  |  | (5,486) |
Segment General and Administrative Expense | (22,792) |  |  | (19,752) |  |  | (44,774) |  |  | (39,135) |
Corporate | (11,195) |  |  | (8,104) |  |  | (23,844) |  |  | (16,019) |
Total General and Administrative Expense | $ | (33,987) |  |  | $ | (27,856) |  |  | $ | (68,618) |  |  | $ | (55,154) |
Intangible Amortization |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | (2,967) |  |  | $ | (2,973) |  |  | $ | (5,934) |  |  | $ | (5,946) |
Transportation Solutions | — |  |  | — |  |  | — |  |  | — |
Building Solutions | (1,569) |  |  | (1,307) |  |  | (3,105) |  |  | (2,631) |
Total Intangible Amortization | $ | (4,536) |  |  | $ | (4,280) |  |  | $ | (9,039) |  |  | $ | (8,577) |
Other Operating Income (Expense), Net |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Transportation Solutions | 3,785 |  |  | (6,772) |  |  | 5,677 |  |  | (8,920) |
Building Solutions | — |  |  | — |  |  | — |  |  | — |
Total Other Operating Income (Expense), Net | $ | 3,785 |  |  | $ | (6,772) |  |  | $ | 5,677 |  |  | $ | (8,920) |
Operating Income |  |  |  |  |  |  |
E-Infrastructure Solutions | $ | 83,767 |  |  | $ | 51,677 |  |  | $ | 130,409 |  |  | $ | 78,846 |
Transportation Solutions | 25,975 |  |  | 15,449 |  |  | 37,228 |  |  | 23,581 |
Building Solutions | 9,855 |  |  | 14,813 |  |  | 22,207 |  |  | 30,588 |
Segment Operating Income | 119,597 |  |  | 81,939 |  |  | 189,844 |  |  | 133,015 |
Corporate G&A Expense | (11,195) |  |  | (8,104) |  |  | (23,844) |  |  | (16,019) |
Acquisition Related Costs | (2,495) |  |  | (101) |  |  | (2,674) |  |  | (137) |
Earn-out Expense | (1,343) |  |  | (1,000) |  |  | (2,686) |  |  | (2,000) |
Total Operating Income | $ | 104,564 |  |  | $ | 72,734 |  |  | $ | 160,640 |  |  | $ | 114,859 |
The following table presents depreciation by reportable segment:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Depreciation |  | 2025 |  | 2024 |  | 2025 |  | 2024
E-Infrastructure Solutions |  | $ | (10,011) |  |  | $ | (8,504) |  |  | $ | (19,771) |  |  | $ | (16,658) |
Transportation Solutions |  | (2,361) |  |  | (3,669) |  |  | (4,426) |  |  | (7,041) |
Building Solutions |  | (389) |  |  | (240) |  |  | (735) |  |  | (498) |
Corporate |  | (325) |  |  | (232) |  |  | (642) |  |  | (409) |
Total Depreciation |  | $ | (13,086) |  |  | $ | (12,645) |  |  | $ | (25,574) |  |  | $ | (24,606) |
The following table presents assets by reportable segment:
|  | June 30, |  | December 31,
Assets |  | 2025 |  | 2024
E-Infrastructure Solutions |  | $ | 1,013,882 |  |  | $ | 958,107 |
Transportation Solutions |  | 291,556 |  |  | 178,143 |
Building Solutions |  | 263,481 |  |  | 238,776 |
Corporate |  | 591,971 |  |  | 641,748 |
Total Assets |  | $ | 2,160,890 |  |  | $ | 2,016,774 |

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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 + Details
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