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Revenue and Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Revenue and Segment Information Revenue and Segment Information
Revenues from Contracts with Customers

Disaggregation of revenue is presented in the tables below by product type and by geographical location. Management has determined that this level of disaggregation would be beneficial to users of the financial statements.
Revenue by Product Type
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2025202420252024
Net Sales
Wholegoods
$331,615 $307,401 $983,850 $979,099 
Parts
75,677 75,525 200,097 216,605 
Other
12,750 18,375 46,118 47,486 
Consolidated$420,042 $401,301 $1,230,065 $1,243,190 

Other includes rental sales, extended warranty sales and service sales as they are considered immaterial.

Revenue by Geographical Location
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2025202420252024
Net Sales
United States
$298,482 $292,242 $881,302 $881,231 
Canada
41,055 32,448 112,977 102,126 
France
20,028 17,894 63,990 67,259 
United Kingdom
22,858 21,355 65,559 65,733 
Brazil
8,060 8,225 27,952 31,749 
Netherlands5,096 7,798 16,058 28,994 
Australia
4,169 5,330 13,120 16,889 
Germany2,275 1,688 5,777 6,864 
Other
18,019 14,321 43,330 42,345 
Consolidated$420,042 $401,301 $1,230,065 $1,243,190 

Net sales are attributed to countries based on the location of the customer.

Segment Information

The Company’s Chief Operating Decision Maker (CODM) is the Chief Executive Officer. The CODM is responsible for evaluating the performance of the Company’s operating segments. This evaluation of operating segments supports the allocation of resources, both financial and human, to optimize income from operations as the measure of segment profit and loss.

Our reportable segments are our two Divisions: Vegetation Management and Industrial Equipment.

The CODM focuses heavily on operating performance and reviews mainly non-GAAP measures, such as bookings and backlog, absorption, and headcount. The CODM does not utilize asset metrics to evaluate the segment performance. The GAAP measures used are:

•Division Net Sales
•Division Cost of Sales
•Division Operating Expenses
•Division Income from Operations
The following includes a summary of the unaudited financial information by reporting segment at September 30, 2025:  

Three Months Ended September 30, 2025
VegetationIndustrial
(in thousands)ManagementEquipmentConsolidated
Net Sales$173,059 $246,983 $420,042 
Less:
Cost of Sales(134,584)(183,775)(318,359)
Operating Expenses(30,997)(33,144)(64,141)
Income from Operations7,478 30,064 37,542 
Interest Income1,522 
Other Income (Expense)(210)
Interest Expense(3,897)
Income Before Taxes34,957 
Taxes  9,574 
Net Income$25,383 


Three Months Ended September 30, 2024
VegetationIndustrial
(in thousands)ManagementEquipmentConsolidated
Net Sales$190,115 $211,186 $401,301 
Less:
Cost of Sales(143,578)(156,836)(300,414)
Operating Expenses(34,133)(26,675)(60,808)
Income from Operations12,404 27,675 40,079 
Interest Income562 
Other Income (Expense)(32)
Interest Expense(4,886)
Income Before Taxes35,723 
Taxes  8,318 
Net Income$27,405 
Nine Months Ended September 30, 2025
VegetationIndustrial
(in thousands)ManagementEquipmentConsolidated
Net Sales$515,307 $714,758 $1,230,065 
Less:
Cost of Sales(390,290)(526,959)(917,249)
Operating Expenses(91,476)(92,258)(183,734)
Income from Operations33,541 95,541 129,082 
Interest Income3,955 
Other Income (Expense)(4,056)
Interest Expense(10,775)
Income Before Taxes118,206 
Taxes  29,917 
Net Income$88,289 

Nine Months Ended September 30, 2024
VegetationIndustrial
(in thousands)ManagementEquipmentConsolidated
Net Sales$625,397 $617,793 $1,243,190 
Less:
Cost of Sales(466,044)(456,446)(922,490)
Operating Expenses(109,264)(81,069)(190,333)
Income from Operations50,089 80,278 130,367 
Interest Income1,877 
Other Income (Expense)1 
Interest Expense(17,075)
Income Before Taxes115,170 
Taxes  27,321 
Net Income$87,849 


(in thousands)
September 30, 2025December 31, 2024
Goodwill
Vegetation Management
$129,710 $126,729 
Industrial Equipment
84,719 76,298 
Consolidated$214,429 $203,027 
Total Identifiable Assets
Vegetation Management
$920,007 $852,007 
Industrial Equipment
674,972 598,272 
Consolidated$1,594,979 $1,450,279