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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of performance of reportable segments | The following table illustrates certain measurements used by management to assess the performance of the segments described above as of or the following periods:
(in thousands) |  | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
Three months ended June 30, 2025 |  |  |  |  |
Net sales |  | $ | 492,687 |  |  | $ | 133,398 |  |  | $ | 4,970 |  |  | $ | — |  |  | $ | 631,055 |
Wood Products |  | 425,789 |  |  | 105,814 |  |  | 3,958 |  |  | — |  |  | 535,561 |
Concrete Products |  | 65,839 |  |  | 27,584 |  |  | 979 |  |  | — |  |  | 94,402 |
Cost of sales |  | 247,242 |  |  | 85,123 |  |  | 3,434 |  |  | 806 |  |  | 336,605 |
Gross profit |  | 245,445 |  |  | 48,275 |  |  | 1,536 |  |  | (806) |  |  | 294,450 |
Research and development, and other engineering expenses |  | 18,019 |  |  | 2,344 |  |  | 404 |  |  | — |  |  | 20,767 |
Selling expenses |  | 42,870 |  |  | 12,638 |  |  | 935 |  |  | — |  |  | 56,443 |
General and administrative expenses |  | 48,211 |  |  | 17,605 |  |  | 345 |  |  | 11,027 |  |  | 77,188 |
Sales to other segments * |  | 846 |  |  | 1,854 |  |  | 8,015 |  |  | — |  |  | 10,715 |
Income from operations |  | 136,489 |  |  | 15,669 |  |  | (86) |  |  | (11,828) |  |  | 140,244 |
Depreciation and amortization |  | 11,498 |  |  | 8,152 |  |  | 539 |  |  | 806 |  |  | 20,995 |
Significant non-cash charges |  | 3,496 |  |  | 495 |  |  | 101 |  |  | 2,367 |  |  | 6,459 |
Provision for income taxes |  | 32,589 |  |  | 3,091 |  |  | 231 |  |  | 3 |  |  | 35,914 |
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments |  | 29,491 |  |  | 2,782 |  |  | 308 |  |  | 8,439 |  |  | 41,020 |
(in thousands) |  | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
Three months ended June 30, 2024 |  |  |  |  |
Net sales |  | $ | 463,022 |  |  | $ | 129,877 |  |  | $ | 4,079 |  |  | $ | — |  |  | $ | 596,978 |
Wood Products |  | 403,561 |  |  | 103,083 |  |  | 3,482 |  |  | — |  |  | 510,126 |
Concrete Products |  | 59,056 |  |  | 26,794 |  |  | 597 |  |  | — |  |  | 86,447 |
Cost of sales |  | 231,441 |  |  | 83,928 |  |  | 2,593 |  |  | 469 |  |  | 318,431 |
Gross profit |  | 231,581 |  |  | 45,949 |  |  | 1,486 |  |  | (469) |  |  | 278,547 |
Research and development, and other engineering expenses |  | 17,474 |  |  | 2,326 |  |  | 148 |  |  | — |  |  | 19,948 |
Selling expenses |  | 40,254 |  |  | 13,412 |  |  | 828 |  |  | — |  |  | 54,494 |
General and administrative expenses |  | 41,936 |  |  | 17,528 |  |  | 822 |  |  | 10,281 |  |  | 70,567 |
Sales to other segments * |  | 858 |  |  | 1,411 |  |  | 10,717 |  |  | — |  |  | 12,986 |
Income from operations |  | 132,055 |  |  | 12,145 |  |  | (302) |  |  | (11,712) |  |  | 132,186 |
Depreciation and amortization |  | 10,636 |  |  | 7,631 |  |  | 541 |  |  | 561 |  |  | 19,369 |
Significant non-cash charges |  | 3,102 |  |  | 595 |  |  | 49 |  |  | 1,335 |  |  | 5,081 |
Provision for income taxes |  | 33,542 |  |  | 2,905 |  |  | 286 |  |  | (1,874) |  |  | 34,859 |
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments |  | 50,288 |  |  | 4,329 |  |  | 904 |  |  | 2,540 |  |  | 58,061 |
(in thousands) |  | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
Six months ended June 30, 2025 |  |  |  |  |
Net sales |  | $ | 913,386 |  |  | $ | 247,258 |  |  | $ | 9,306 |  |  | $ | — |  |  | $ | 1,169,950 |
Wood Products |  | 788,556 |  |  | 199,689 |  |  | 7,599 |  |  | — |  |  | 995,844 |
Concrete Products |  | 122,842 |  |  | 47,569 |  |  | 1,676 |  |  | — |  |  | 172,087 |
Cost of sales |  | 457,040 |  |  | 158,961 |  |  | 6,046 |  |  | 1,413 |  |  | 623,460 |
Gross profit |  | 456,346 |  |  | 88,297 |  |  | 3,260 |  |  | (1,413) |  |  | 546,490 |
Research and development, and other engineering expenses |  | 35,527 |  |  | 4,476 |  |  | 603 |  |  | — |  |  | 40,606 |
Selling expenses |  | 83,932 |  |  | 24,945 |  |  | 1,730 |  |  | — |  |  | 110,607 |
General and administrative expenses |  | 95,702 |  |  | 33,882 |  |  | 716 |  |  | 22,554 |  |  | 152,854 |
Sales to other segments * |  | 1,585 |  |  | 4,043 |  |  | 16,649 |  |  | — |  |  | 22,277 |
Income from operations |  | 241,337 |  |  | 24,978 |  |  | 273 |  |  | (24,025) |  |  | 242,563 |
Depreciation and amortization |  | 22,153 |  |  | 15,843 |  |  | 1,105 |  |  | 2,178 |  |  | 41,279 |
Significant non-cash charges |  | 8,325 |  |  | 1,134 |  |  | 169 |  |  | 3,315 |  |  | 12,943 |
Provision for income taxes |  | 55,759 |  |  | 6,033 |  |  | 594 |  |  | 124 |  |  | 62,510 |
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments |  | 72,999 |  |  | 5,890 |  |  | 458 |  |  | 11,838 |  |  | 91,185 |
Total assets as of June 30, 2025 |  | 2,253,295 |  |  | 789,658 |  |  | 49,289 |  |  | (127,839) |  |  | 2,964,403 |
(in thousands) |  | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
Six months ended June 30, 2024 |  |  |  |  |
Net sales |  | $ | 869,771 |  |  | $ | 249,814 |  |  | $ | 7,972 |  |  | $ | — |  |  | $ | 1,127,557 |
Wood Products |  | 753,584 |  |  | 201,458 |  |  | 6,825 |  |  | — |  |  | 961,867 |
Concrete Products |  | 115,675 |  |  | 48,356 |  |  | 1,146 |  |  | — |  |  | 165,177 |
Cost of sales |  | 437,654 |  |  | 160,053 |  |  | 5,810 |  |  | 939 |  |  | 604,456 |
Gross profit |  | 432,117 |  |  | 89,761 |  |  | 2,162 |  |  | (939) |  |  | 523,101 |
Research and development, and other engineering expenses |  | 34,616 |  |  | 4,282 |  |  | 316 |  |  | — |  |  | 39,214 |
Selling expenses |  | 79,810 |  |  | 26,363 |  |  | 1,585 |  |  | — |  |  | 107,758 |
General and administrative expenses |  | 86,973 |  |  | 36,225 |  |  | 1,148 |  |  | 20,303 |  |  | 144,649 |
Sales to other segments * |  | 1,698 |  |  | 2,662 |  |  | 17,569 |  |  | — |  |  | 21,929 |
Income from operations |  | 230,960 |  |  | 20,402 |  |  | (877) |  |  | (22,204) |  |  | 228,281 |
Depreciation and amortization |  | 20,847 |  |  | 15,449 |  |  | 1,140 |  |  | 1,123 |  |  | 38,559 |
Significant non-cash charges |  | 6,573 |  |  | 1,500 |  |  | 101 |  |  | 2,253 |  |  | 10,427 |
Provision for income taxes |  | 55,296 |  |  | 5,847 |  |  | 283 |  |  | (3,579) |  |  | 57,847 |
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments |  | 82,631 |  |  | 7,172 |  |  | 1,523 |  |  | 6,147 |  |  | 97,473 |
Total assets as of June 30, 2024 |  | 1,905,699 |  |  | 723,791 |  |  | 43,594 |  |  | 100,277 |  |  | 2,773,361 |
* Sales to other segments are eliminated upon consolidation.
Schedule of net sales distributed by product group | he following table illustrates the distribution of the Company’s net sales by product group as additional information for the three and six months ended June 30, 2025 and 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Wood construction products | $ | 535,561 |  |  | $ | 510,126 |  |  | $ | 995,844 |  |  | $ | 961,867 |
Concrete construction products | 94,402 |  |  | 86,447 |  |  | 172,087 |  |  | 165,177 |
Other | 1,092 |  |  | 405 |  |  | 2,019 |  |  | 513 |
Total | $ | 631,055 |  |  | $ | 596,978 |  |  | $ | 1,169,950 |  |  | $ | 1,127,557 |

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