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SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable segment information is as follows (in thousands):
Three Months Ended June 30, 2025Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$399,352 $59,464 $— $458,816 
Intersegment sales862 280 (1,142)— 
Total net sales400,214 59,744 (1,142)458,816 
Cost of sales371,614 46,944 (1,142)417,416 
     Gross profit28,600 12,800 — 41,400 
Other operating expenses (1)
16,082 3,740 26,329 46,151 
     Income (loss) from operations$12,518 $9,060 $(26,329)$(4,751)
Depreciation and amortization$11,685 $1,252 $1,133 $14,070 
Three Months Ended June 30, 2024Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$497,100 $53,510 $— $550,610 
Intersegment sales1,605 1,391 (2,996)— 
Total net sales498,705 54,901 (2,996)550,610 
Cost of sales424,016 39,932 (2,996)460,952 
     Gross profit74,689 14,969 — 89,658 
Other operating expenses (1)
17,771 2,882 25,242 45,895 
     Income (loss) from operations$56,918 $12,087 $(25,242)$43,763 
Depreciation and amortization$12,093 $529 $1,120 $13,742 
Six Months Ended June 30, 2025Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$728,400 $111,306 $— $839,706 
Intersegment sales18,617 393 (19,010)— 
Total net sales747,017 111,699 (19,010)839,706 
Cost of sales710,003 88,310 (19,010)779,303 
     Gross profit37,014 23,389 — 60,403 
Other operating expenses (1)
34,294 7,419 (291,110)(249,397)
     Income (loss) from operations$2,720 $15,970 $291,110 $309,800 
Depreciation and amortization$24,390 $2,429 $2,283 $29,102 
Six Months Ended June 30, 2024Transportation SolutionsParts & ServicesCorporate and
Eliminations
Consolidated
Net sales
External customers$964,223 $101,663 $— $1,065,886 
Intersegment sales4,910 2,472 (7,382)— 
Total net sales969,133 104,135 (7,382)1,065,886 
Cost of sales831,333 75,831 (7,382)899,782 
     Gross profit137,800 28,304 — 166,104 
Other operating expenses (1)
36,627 5,697 50,442 92,766 
     Income (loss) from operations$101,173 $22,607 $(50,442)$73,338 
Depreciation and amortization$23,411 $1,076 $1,977 $26,464 
___________________
(1) Other operating expenses include General and administrative expenses, Selling expenses, Amortization of intangible assets and Impairment and other, net.
Major Product Categories and Percentage of Consolidated Net Sales The following table sets forth the major product categories and their percentage of consolidated net sales (dollars in thousands):
Three Months Ended June 30, 2025Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$312,931 $— $(771)$312,160 68.0 %
Used trailers— 1,120 — 1,120 0.2 %
Components, parts and services— 32,755 — 32,755 7.1 %
Equipment and other87,283 25,869 (371)112,781 24.6 %
Total net sales$400,214 $59,744 $(1,142)$458,816 100.0 %
Three Months Ended June 30, 2024Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$383,145 $— $(681)$382,464 69.5 %
Used trailers— 1,144 — 1,144 0.2 %
Components, parts and services— 34,453 — 34,453 6.3 %
Equipment and other115,560 19,304 (2,315)132,549 24.1 %
Total net sales$498,705 $54,901 $(2,996)$550,610 100.0 %
Six Months Ended June 30, 2025Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$563,976 $— $(18,441)$545,535 65.0 %
Used trailers— 2,620 — 2,620 0.3 %
Components, parts and services— 64,257 — 64,257 7.7 %
Equipment and other183,041 44,822 (569)227,294 27.1 %
Total net sales$747,017 $111,699 $(19,010)$839,706 100.0 %
Six Months Ended June 30, 2024Transportation SolutionsParts & ServicesEliminationsConsolidated
New trailers$749,303 $— $(1,501)$747,802 70.2 %
Used trailers— 2,488 — 2,488 0.2 %
Components, parts and services— 70,083 — 70,083 6.6 %
Equipment and other219,830 31,564 (5,881)245,513 23.0 %
Total net sales$969,133 $104,135 $(7,382)$1,065,886 100.0 %