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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of segment's internal financial reports

The information in the following table is derived from the segment’s internal financial reports used for corporate management purposes:


	For the Three Months Ended March 31, 2025
(in thousands)	T&D		C&I		General Corporate		Consolidated
Contract revenues	$	461,769	$	371,851	$	—	$	833,620
Operating costs (1)	425,548		354,474		19,308		799,330
Income from operations	36,221		17,377		(19,308)		34,290
Other income (expense):
Interest income							191
Interest expense							(1,414)
Other expense, net							(300)
Income before provision for income taxes							32,767
Income tax expense							9,459
Net income							$	23,308


	For the Three Months Ended March 31, 2024
(in thousands)	T&D		C&I		General Corporate		Consolidated
Contract revenues	$	490,395	$	325,167	$	—	$	815,562
Operating costs (1)	460,558		313,744		16,989		791,291
Income from operations	29,837		11,423		(16,989)		24,271
Other income (expense):
Interest income							142
Interest expense							(1,054)
Other expense, net							(263)
Income before provision for income taxes							23,096
Income tax expense							4,157
Net income							$	18,939

(1) Operating costs include T&D, C&I and general corporate portion of contract costs, selling, general and administrative expenses, amortization of intangible assets and gain on sale of property and equipment. The expenses found in these other segment items are generally viewed as operating costs by the CODM and are not considered individually significant segment reporting items.

Schedule of assets allocation by segment

The table below reflects the identifiable assets for each segment.


(in thousands)	March 31, 2025		December 31, 2024
T&D	$	577,246	$	601,546
C&I	517,206		539,687
General Corporate	427,609		432,826
	$	1,522,061	$	1,574,059

Schedule of depreciation and amortization by segment

An allocation of total depreciation, including depreciation of shared construction equipment, and amortization to each segment is as follows:


	For the Three Months Ended March 31,
(in thousands)	2025		2024
Depreciation and amortization
T&D	$	14,038	$	13,882
C&I	2,155		1,948
	$	16,193	$	15,830