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SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 29, 2025

SEGMENT REPORTING

Segment Reporting

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Three Months Ended March 29, 2025

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All

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​

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​

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​

Retail

Packaging

Construction

Other

Corporate

Total

Net sales to outside customers

​

$

607,383

​

$

410,008

​

$

515,940

​

$

60,298

​

$

1,890

​

$

1,595,519

Intersegment net sales

​

(64,645)

​

(23,714)

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(26,561)

​

(90,484)

​

205,404

​

—

Cost of goods sold

​

526,088

​

340,434

​

425,140

​

49,666

​

​

(14,005)

​

1,327,323

Gross Profit

​

81,295

​

​

69,574

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​

90,800

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​

10,632

​

​

15,895

​

​

268,196

Selling, general, administrative expenses

​

55,355

​

​

47,769

​

​

62,784

​

​

8,462

​

​

1,884

​

176,254

Net loss (gain) on disposition and impairment of assets

​

​

24

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​

32

​

​

120

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—

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(252)

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​

(76)

Other (gains) losses, net

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(218)

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—

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​

80

​

​

(54)

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​

(42)

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(234)

Earnings from operations

​

26,134

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​

21,773

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​

27,816

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​

2,224

​

​

14,305

​

​

92,252

Interest expense

​

30

​

​

3

​

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—

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(333)

​

​

2,969

​

2,669

Interest and investment income

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​

(90)

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​

—

​

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(1)

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(308)

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​

(10,718)

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​

(11,117)

Equity in loss of investee

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—

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​

325

​

​

—

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(306)

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—

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19

Interest and other

​

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(60)

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​

328

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(1)

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(947)

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​

(7,749)

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​

(8,429)

Earnings before income taxes

​

​

26,194

​

​

21,445

​

​

27,817

​

​

3,171

​

​

22,054

​

​

100,681

Income taxes

​

​

5,531

​

​

4,528

​

​

5,873

​

​

669

​

​

4,657

​

​

21,258

Net earnings

​

$

20,663

​

$

16,917

​

$

21,944

​

$

2,502

​

$

17,397

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$

79,423

Other significant items:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Amortization expense

​

$

957

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$

2,179

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$

702

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$

1,601

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$

378

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$

5,817

Depreciation expense

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​

7,310

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​

8,897

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​

6,191

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​

944

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​

9,599

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​

32,941

Segment assets

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​

995,830

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​

812,033

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​

659,478

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​

341,947

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​

1,340,998

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​

4,150,286

Capital expenditures

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​

32,308

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​

25,260

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​

6,428

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​

614

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​

2,658

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​

67,268

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Three Months Ended March 30, 2024

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All

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​

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​

Retail

Packaging

Construction

Other

Corporate

Total

Net sales to outside customers

​

$

628,765

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$

424,418

​

$

517,896

​

$

66,947

​

$

940

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$

1,638,966

Intersegment net sales

​

59,346

​

20,926

​

20,035

​

71,257

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(171,564)

​

—

Cost of goods sold

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​

527,641

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​

338,978

​

403,561

​

​

49,002

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(6,294)

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​

1,312,888

Gross Profit

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​

101,124

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​

85,440

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​

114,335

​

​

17,945

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​

7,234

​

​

326,078

Selling, general, administrative expenses

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​

55,610

​

​

53,941

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​

69,150

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​

13,391

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​

(33)

​

​

192,059

Net (gain) loss on disposition and impairment of assets

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​

(272)

​

​

253

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​

(1)

​

​

(9)

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​

(202)

​

​

(231)

Other (gains) losses, net

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​

(194)

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​

—

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​

(156)

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​

690

​

​

87

​

​

427

Earnings from operations

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​

45,980

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​

31,246

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​

45,342

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​

3,873

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​

7,382

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​

133,823

Interest expense

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​

29

​

4

​

—

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(817)

​

3,920

​

3,136

Interest and investment income

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​

(123)

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​

(10)

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​

(11)

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​

(2,774)

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​

(13,575)

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​

(16,493)

Equity in loss of investee

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​

—

​

​

594

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​

—

​

​

—

​

​

—

​

​

594

Interest and other

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​

(94)

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​

588

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(11)

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(3,591)

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(9,655)

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(12,763)

Earnings before income taxes

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​

46,074

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​

30,658

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​

45,353

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​

7,464

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​

17,037

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​

146,586

Income taxes

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​

8,011

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​

5,330

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​

7,885

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​

1,298

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​

2,963

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​

25,487

Net earnings

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$

38,063

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$

25,328

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$

37,468

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$

6,166

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$

14,074

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$

121,099

Other significant items:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortization expense

​

$

998

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$

2,192

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$

702

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$

1,534

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$

456

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$

5,882

Depreciation expense

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6,965

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​

8,469

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​

5,384

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​

789

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​

8,412

​

30,019

Segment assets

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966,544

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794,418

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655,972

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310,360

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1,351,345

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4,078,639

Capital expenditures

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13,400

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​

13,311

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​

12,626

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​

1,029

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​

8,782

​

49,148

Schedule of Goodwill by Segment

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Retail

Packaging

Construction

All Other

Corporate

Total

Balance as of December 28, 2024

$

84,116

$

146,747

$

87,401

$

21,575

​

$

—

$

339,839

2025 Purchase Accounting Adjustments

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—

​

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12

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—

​

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—

​

​

—

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12

Foreign Exchange, Net

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(1)

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—

​

​

33

​

​

372

​

​

—

​

404

Balance as of March 29, 2025

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$

84,115

$

146,759

​

$

87,434

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$

21,947

​

$

—

​

$

340,255

Schedule of net sales by business unit

The following table presents our disaggregated net sales (in thousands) by business unit for each segment for the three months ended March 29, 2025, and March 30, 2024 (in thousands).

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	March 29,		​	March 30,		​
​	​	2025			2024		​
Retail	​	​	​	​	​	​	​
Deckorators	​	$	65,612	​	$	74,135	​
ProWood	​		540,469	​		553,245	​
Other	​		1,302	​		1,385	​
Total Retail	​	$	607,383	​	$	628,765	​
​	​	​	​	​	​	​	​
Packaging	​	​	​	​	​	​	​
Structural Packaging	​	$	255,982	​	$	274,150	​
PalletOne	​	​	134,219	​	​	132,490	​
Protective Packaging	​	​	19,807	​	​	17,778	​
Total Packaging	​	$	410,008	​	$	424,418	​
​	​	​	​	​	​	​	​
Construction	​	​	​	​	​	​	​
Factory Built	​	$	217,219	​	$	191,834	​
Site Built	​		190,617	​		221,559	​
Commercial	​	​	63,720	​	​	61,384	​
Concrete Forming	​		44,384	​		43,119	​
Total Construction	​	$	515,940	​	$	517,896	​
​	​	​	​	​	​	​	​
All Other	​	$	60,298	​	$	66,947	​
​	​	​	​	​	​	​	​
Corporate	​	$	1,890	​	$	940	​
​	​	​	​	​	​	​	​
Total Net Sales	​	$	1,595,519	​	$	1,638,966	​

​

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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