XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.3

SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Reportable Segment Information

Reportable segment information is as follows (in thousands):

Three Months Ended September 30, 2025						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	320,932					$	60,663											$	—					$	381,595
Intersegment sales						13,542						301												(13,843)						—
Total net sales						334,474						60,964												(13,843)						381,595
Cost of sales						329,397						50,333												(13,843)						365,887
Gross profit						5,077						10,631												—						15,708
Other operating expenses (1)						18,193						4,010												(64,141)						(41,938)
(Loss) income from operations						$	(13,116)					$	6,621											$	64,141					$	57,646
Depreciation and amortization						$	12,299					$	1,132											$	1,179					$	14,610
Three Months Ended September 30, 2024						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	413,321					$	50,719											$	—					$	464,040
Intersegment sales						2,185						1,605												(3,790)						—
Total net sales						415,506						52,324												(3,790)						464,040
Cost of sales						370,568						41,253												(3,790)						408,031
Gross profit						44,938						11,071												—						56,009
Other operating expenses (1)						15,776						2,755												470,506						489,037
Income (loss) from operations						$	29,162					$	8,316											$	(470,506)					$	(433,028)
Depreciation and amortization						$	12,285					$	551											$	1,094					$	13,930
Nine Months Ended September 30, 2025						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	1,049,332					$	171,969											$	—					$	1,221,301
Intersegment sales						32,159						694												(32,853)						—
Total net sales						1,081,491						172,663												(32,853)						1,221,301
Cost of sales						1,039,400						138,643												(32,853)						1,145,190
Gross profit						42,091						34,020												—						76,111
Other operating expenses (1)						52,487						11,429												(355,251)						(291,335)
(Loss) income from operations						$	(10,396)					$	22,591											$	355,251					$	367,446
Depreciation and amortization						$	36,689					$	3,561											$	3,462					$	43,712
Nine Months Ended September 30, 2024						Transportation Solutions						Parts & Services												Corporate and Eliminations						Consolidated
Net sales
External customers						$	1,377,544					$	152,382											$	—					$	1,529,926
Intersegment sales						7,095						4,077												(11,172)						—
Total net sales						1,384,639						156,459												(11,172)						1,529,926
Cost of sales						1,201,901						117,084												(11,172)						1,307,813
Gross profit						182,738						39,375												—						222,113
Other operating expenses (1)						52,403						8,452												520,948						581,803
Income (loss) from operations						$	130,335					$	30,923											$	(520,948)					$	(359,690)
Depreciation and amortization						$	35,696					$	1,627											$	3,071					$	40,394
___________________

(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 September 30, 2025						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	259,038					$	—											$	(13,473)					$	245,565					64.4		%
Used trailers						—						929												—						929						0.2		%
Components, parts and services						—						32,584												—						32,584						8.5		%
Equipment and other						75,436						27,451												(370)						102,517						26.9		%
Total net sales						$	334,474					$	60,964											$	(13,843)					$	381,595					100.0		%
Three Months Ended September 30, 2024						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	308,577																	$	(1,661)					$	306,916					66.1		%
Used trailers						71						396												(71)						396						0.1		%
Components, parts and services												31,539																		31,539						6.8		%
Equipment and other						106,858						20,389												(2,058)						125,189						27.0		%
Total net sales						$	415,506					$	52,324											$	(3,790)					$	464,040					100.0		%
Nine Months Ended September 30, 2025						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	823,014																	$	(31,914)					$	791,100					64.8		%
Used trailers												3,549																		3,549						0.3		%
Components, parts and services												96,841																		96,841						7.9		%
Equipment and other						258,477						72,273												(939)						329,811						27.0		%
Total net sales						$	1,081,491					$	172,663											$	(32,853)					$	1,221,301					100.0		%
Nine Months Ended September 30, 2024						Transportation Solutions						Parts & Services												Eliminations						Consolidated
New trailers						$	1,057,880																	$	(3,162)					$	1,054,718					68.9		%
Used trailers						71						2,884												(71)						2,884						0.2		%
Components, parts and services												101,622																		101,622						6.6		%
Equipment and other						326,688						51,953												(7,939)						370,702						24.2		%
Total net sales						$	1,384,639					$	156,459											$	(11,172)					$	1,529,926					100.0		%

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration