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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Reconciliation Of Sales To Earnings Before Income Taxes by Segment | The following table illustrates certain measurements used by management to assess performance of the segments described above (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net sales: |  |  |  |  |  |  |
Residential | $ | 212,363 |  |  | $ | 227,747 |  |  | $ | 611,790 |  |  | $ | 635,476 |
Renewables | 84,064 |  |  | 106,362 |  |  | 214,941 |  |  | 243,026 |
Agtech | 41,527 |  |  | 31,666 |  |  | 110,062 |  |  | 102,546 |
Infrastructure | 23,242 |  |  | 24,969 |  |  | 69,914 |  |  | 67,877 |
Total net sales | $ | 361,196 |  |  | $ | 390,744 |  |  | $ | 1,006,707 |  |  | $ | 1,048,925 |
Income from operations: |  |  |  |  |  |  |
Residential | $ | 42,055 |  |  | $ | 42,158 |  |  | $ | 119,714 |  |  | $ | 115,626 |
Renewables | 825 |  |  | 12,907 |  |  | 4,116 |  |  | 21,084 |
Agtech | 3,853 |  |  | 2,136 |  |  | 8,743 |  |  | 3,349 |
Infrastructure | 6,494 |  |  | 6,386 |  |  | 17,605 |  |  | 14,928 |
Unallocated corporate expenses | (9,229) |  |  | (10,397) |  |  | (31,975) |  |  | (29,350) |
Total income from operations | $ | 43,998 |  |  | $ | 53,190 |  |  | $ | 118,203 |  |  | $ | 125,637 |
The following table illustrates the total assets of the Company's reportable segments and unallocated corporate assets as of (in thousands):
| September 30, 2024 |  | December 31, 2023
Residential | $ | 531,021 |  |  | $ | 515,739 |
Renewables | 400,996 |  |  | 377,694 |
Agtech | 168,645 |  |  | 168,213 |
Infrastructure | 83,783 |  |  | 77,518 |
Unallocated corporate assets | 240,145 |  |  | 117,287 |
Total assets | $ | 1,424,590 |  |  | $ | 1,256,451 |
Disaggregation of Revenue | The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the (in thousands):
| Three Months Ended September 30, 2024
| Residential |  | Renewables |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 210,530 |  |  | $ | 8,220 |  |  | $ | 135 |  |  | $ | 10,657 |  |  | $ | 229,542 |
Over Time | 1,833 |  |  | 75,844 |  |  | 41,392 |  |  | 12,585 |  |  | 131,654 |
Total net sales | $ | 212,363 |  |  | $ | 84,064 |  |  | $ | 41,527 |  |  | $ | 23,242 |  |  | $ | 361,196 |
| Three Months Ended September 30, 2023
| Residential |  | Renewables |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 225,985 |  |  | $ | 15,903 |  |  | $ | 777 |  |  | $ | 9,922 |  |  | $ | 252,587 |
Over Time | 1,762 |  |  | 90,459 |  |  | 30,889 |  |  | 15,047 |  |  | 138,157 |
Total net sales | $ | 227,747 |  |  | $ | 106,362 |  |  | $ | 31,666 |  |  | $ | 24,969 |  |  | $ | 390,744 |
| Nine Months Ended September 30, 2024
| Residential |  | Renewables |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 606,386 |  |  | $ | 23,235 |  |  | $ | 2,663 |  |  | $ | 27,806 |  |  | $ | 660,090 |
Over Time | 5,404 |  |  | 191,706 |  |  | 107,399 |  |  | 42,108 |  |  | 346,617 |
Total net sales | $ | 611,790 |  |  | $ | 214,941 |  |  | $ | 110,062 |  |  | $ | 69,914 |  |  | $ | 1,006,707 |
| Nine Months Ended September 30, 2023
| Residential |  | Renewables |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 630,545 |  |  | $ | 35,630 |  |  | $ | 5,580 |  |  | $ | 24,831 |  |  | $ | 696,586 |
Over Time | 4,931 |  |  | 207,396 |  |  | 96,966 |  |  | 43,046 |  |  | 352,339 |
Total net sales | $ | 635,476 |  |  | $ | 243,026 |  |  | $ | 102,546 |  |  | $ | 67,877 |  |  | $ | 1,048,925 |

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