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Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2026
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company has three reportable segments: Residential, Agtech, and Infrastructure. The Company's reportable segments are each managed separately because they design, engineer, manufacture, and where applicable install, distinct products with different production processes. •Residential consists of operating segments that sell the following products and services to major retail home centers, building material wholesalers, building product distributors, roofing distributors, residential contractors, property management companies, manufactured housing dealers, postal services distributors and providers, and online direct to end consumers: roofing accessories, metal roofing products and services, rain dispersion products, roof and foundation ventilation products, single point and centralized mail and package solutions, outdoor living space products (sun-shading), and other construction accessories. •Agtech consists of operating segments that sell the following products and services to large-scale indoor commercial growers of fruits and vegetables, plants and flowers, and agricultural research and development facilities, as well as convenience store, travel centers, food retailers, and quick-serve restaurants: design, manufacture and build controlled environment agriculture structures, custom greenhouses and structural canopies. •Infrastructure consists of an operating segment that sells the following products to commercial and transportation contractors and fabricators: expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems. The accounting policies of the Company's segments are the same as those described in Note 1 "Summary of Significant Accounting Policies" included in the Company's annual report on Form 10-K for the year ended December 31, 2025. The following tables illustrate certain measurements used by management to assess the performance of the segments described above (in thousands):
| Three Months Ended March 31, 2026
| Residential |  | Agtech |  | Infrastructure |  | Total
Net sales | $ | 281,435 |  |  | $ | 55,630 |  |  | $ | 19,222 |  |  | $ | 356,287 |
Less (1): |  |  |  |  |  |  |
Operating expenses (2) | 261,189 |  |  | 52,303 |  |  | 15,505 |  |  | 328,997 |
Segment profit | 20,246 |  |  | 3,327 |  |  | 3,717 |  |  | 27,290 |
Reconciliation of segment profit |  |  |
Unallocated corporate expenses |  |  |  |  |  |  | (31,746) |
Interest expense, net |  |  |  |  |  |  | (13,024) |
Other income, net |  |  |  |  |  |  | 814 |
Loss before taxes from continuing operations |  |  |  |  |  |  | $ | (16,666) |
| Three Months Ended March 31, 2025
| Residential |  | Agtech |  | Infrastructure |  | Total
Net sales | $ | 179,994 |  |  | $ | 45,040 |  |  | $ | 21,323 |  |  | $ | 246,357 |
Less (1): |  |  |  |  |  |  |
Operating expenses (2) | 148,734 |  |  | 41,655 |  |  | 16,065 |  |  | 206,454 |
Segment profit | 31,260 |  |  | 3,385 |  |  | 5,258 |  |  | 39,903 |
Reconciliation of segment profit |  |  |
Unallocated corporate expenses |  |  |  |  |  |  | (11,248) |
Interest income, net |  |  |  |  |  |  | 1,637 |
Other expense, net |  |  |  |  |  |  | (76) |
Income before taxes from continuing operations |  |  |  |  |  |  | $ | 30,216 |
Footnotes: (1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM. (2)Operating expenses for each reportable segment includes inventory and manufacturing expenses, employee compensation, depreciation and amortization, freight services, other costs of sales expenses, and other selling, general and administrative expenses.
The following table presents the reported segments' and unallocated corporate reported depreciation and amortization (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Residential | $ | 12,129 |  |  | $ | 2,527 |  |  |  |  |
Agtech | 2,088 |  |  | 2,760 |  |  |  |  |
Infrastructure | 713 |  |  | 701 |  |  |  |  |
Unallocated corporate expenses | 973 |  |  | 818 |  |  |  |  |
Total depreciation and amortization | $ | 15,903 |  |  | $ | 6,806 |  |  |  |  |
The following table presents the assets of the reported segments, unallocated corporate assets and assets of discontinued operations as of (in thousands):
| March 31, 2026 |  | December 31, 2025
Residential | $ | 2,234,221 |  |  | $ | 639,397 |
Agtech | 297,733 |  |  | 290,785 |
Infrastructure | 80,552 |  |  | 78,266 |
Unallocated corporate assets | 85,706 |  |  | 192,793 |
Assets of discontinued operations | 89,283 |  |  | 192,362 |
Total assets | $ | 2,787,495 |  |  | $ | 1,393,603 |
The following presents disaggregated revenue by timing of transfer of control to customers by reported segment (in thousands):
| Three Months Ended March 31, 2026
| Residential |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 281,435 |  |  | $ | 368 |  |  | $ | 7,088 |  |  | $ | 288,891 |
Over Time | — |  |  | 55,262 |  |  | 12,134 |  |  | 67,396 |
Total net sales | $ | 281,435 |  |  | $ | 55,630 |  |  | $ | 19,222 |  |  | $ | 356,287 |
| Three Months Ended March 31, 2025
| Residential |  | Agtech |  | Infrastructure |  | Total
Point in Time | $ | 179,994 |  |  | $ | 276 |  |  | $ | 7,880 |  |  | $ | 188,150 |
Over Time | — |  |  | 44,764 |  |  | 13,443 |  |  | 58,207 |
Total net sales | $ | 179,994 |  |  | $ | 45,040 |  |  | $ | 21,323 |  |  | $ | 246,357 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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