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Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company's customers. The financial information of these segments is available and utilized by the Chief Executive Officer, the Company’s CODM, to assess the segments’ performance. The primary measurements used to measure the financial performance of the segments are revenue, gross margins, and operating margins to
decide whether to reinvest the profits, make acquisitions, pay down debt or borrow, or to return capital to shareholders via dividends and share repurchases.

The three regional segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, and the Middle East). These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications.
 
The Administrative & All Other column primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities.

The following table presents financial information of each segment that is used by the CODM to assess the performance of segments for three and nine months ended September 30, 2025 and 2024:

(in thousands)North
America
EuropeAsia/
Pacific
Administrative
& All Other
Total
Three months ended September 30, 2025
Net sales$483,606 $134,431 $5,476 $— $623,513 
Wood Products415,782 104,234 4,423 — 524,439 
Concrete Products66,640 30,197 963 — 97,800 
Cost of sales246,425 83,417 3,399 1,010 334,251 
Gross profit237,181 51,014 2,077 (1,010)289,262 
Research and development, and other engineering expenses18,265 2,313 215 — 20,793 
Selling expenses43,027 12,092 1,004 — 56,123 
General and administrative expenses53,267 19,835 433 11,840 85,375 
Sales to other segments *1,015 1,122 7,876 — 10,013 
Income (loss) from operations
125,179 16,119 555 (1,110)140,743 
Depreciation and amortization13,319 8,142 529 1,350 23,340 
Significant non-cash charges3,641 564 112 2,404 6,721 
Provision for income taxes30,082 2,409 357 3,545 36,393 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments38,341 2,025 158 (4,130)36,394 

(in thousands)North
America
EuropeAsia/
Pacific
Administrative
& All Other
Total
Three months ended September 30, 2024
Net sales$461,356 $121,170 $4,627 $— $587,153 
Wood Products397,755 97,622 4,169 — 499,546 
Concrete Products62,709 23,548 458 — 86,715 
Cost of sales233,187 76,843 3,008 (942)312,096 
Gross profit228,169 44,327 1,619 942 275,057 
Research and development, and other engineering expenses18,230 2,038 278 — 20,546 
Selling expenses40,285 11,767 945 — 52,997 
General and administrative expenses46,403 17,492 136 11,298 75,329 
Sales to other segments *711 1,032 6,146 — 7,889 
Income (loss) from operations
123,251 12,635 260 (11,292)124,854 
Depreciation and amortization13,544 7,839 751 (476)21,658 
Significant non-cash charges3,070 672 66 1,833 5,641 
Provision for income taxes24,744 2,867 366 4,997 32,974 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments100,520 3,669 2,129 193 106,511 
(in thousands) North
America
EuropeAsia/
Pacific
Administrative
& All Other
Total
Nine months ended September 30, 2025
Net sales$1,396,993 $381,688 $14,782 $— $1,793,463 
Wood Products1,204,338 303,923 12,022 — 1,520,283 
Concrete Products189,482 77,765 2,638 — 269,885 
Cost of sales703,466 242,377 9,445 2,423 957,711 
Gross profit693,527 139,311 5,337 (2,423)835,752 
Research and development, and other engineering expenses53,792 6,789 818 — 61,399 
Selling expenses126,959 37,037 2,734 — 166,730 
General and administrative expenses148,969 53,717 1,149 34,394 238,229 
Sales to other segments *2,600 5,165 24,525 — 32,290 
Income (loss) from operations
366,516 41,097 828 (25,135)383,306 
Depreciation and amortization35,472 23,984 1,635 3,528 64,619 
Significant non-cash charges11,966 1,698 281 5,771 19,716 
Provision for income taxes85,841 8,442 951 3,669 98,903 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments111,340 7,915 616 7,708 127,579 
Total assets as of September 30, 20252,156,204 805,759 50,175 33,285 3,045,423 

(in thousands) North
America
EuropeAsia/
Pacific
Administrative
& All Other
Total
Nine months ended September 30, 2024
Net sales$1,331,126 $370,985 $12,599 $— $1,714,710 
Wood Products1,151,338 299,081 10,994 — 1,461,413 
Concrete Products178,383 71,904 1,605 — 251,892 
Cost of sales670,839 236,897 8,818 (3)916,551 
Gross profit660,287 134,088 3,781 798,159 
Research and development, and other engineering expenses52,845 6,320 594 — 59,759 
Selling expenses120,095 38,130 2,530 — 160,755 
General and administrative expenses133,376 53,718 1,284 31,599 219,977 
Sales to other segments *2,410 3,695 23,716 — 29,821 
Income (loss) from operations
354,212 33,037 (617)(33,496)353,136 
Depreciation and amortization34,391 23,288 1,890 1,410 60,979 
Significant non-cash charges9,643 2,172 167 4,035 16,017 
Provision for income taxes80,040 8,714 649 1,418 90,821 
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments183,151 10,841 3,652 6,340 203,984 
Total assets as of September 30, 20242,013,641 751,419 48,618 83,781 2,897,459 
            
*    Sales to other segments are eliminated upon consolidation.
Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $168.0 million and $208.3 million as of September 30, 2025 and 2024, respectively. As of September 30, 2025, the Company had $133.7 million or 45.0% of its cash and cash equivalents held outside the U.S. in accounts belonging to the Company’s various foreign operating entities. The majority of this balance is held in foreign currencies and could be subject to additional taxation if repatriated to the U.S.

The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in the residential and commercial construction market. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The following
table illustrates the distribution of the Company’s net sales by product group as additional information for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended
 September 30,
Nine Months Ended
 September 30,
(in thousands)2025202420252024
Wood construction products$524,439 $499,546 $1,520,283 $1,461,413 
Concrete construction products97,800 86,715 269,885 251,892 
Other1,274 892 3,295 1,405 
Total$623,513 $587,153 $1,793,463 $1,714,710