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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The operating results of the Company’s reportable segments were as follows as of and for the years ended December 31:
|  | 2024
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Net sales |  | $ | 326,869 |  |  | $ | 203,896 |  |  | $ | 530,765 |
Less: |  |  |  |  |  |
Cost of sales |  | (254,400) |  |  | (158,303) |  |  | (412,703) |
Selling and administrative employment costs |  | (32,002) |  |  | (23,868) |  |  | (55,870) |
Purchased services(1) |  | (7,410) |  |  | (6,336) |  |  | (13,746) |
General administrative costs(2) |  | (7,796) |  |  | (4,735) |  |  | (12,531) |
Amortization expense |  | (3,349) |  |  | (1,279) |  |  | (4,628) |
Segment operating income |  | $ | 21,912 |  |  | $ | 9,375 |  |  | $ | 31,287 |
Reconciliation of segment operating income |  |  |  |  |  |
Total segment operating income |  |  |  |  |  | $ | 31,287 |
Gain on sales of former joint venture facility |  |  |  |  |  | 3,477 |
Interest expense - net |  |  |  |  |  | (4,992) |
Other expense - net |  |  |  |  |  | (1,076) |
Public company costs |  |  |  |  |  | (5,755) |
Corporate executive management costs |  |  |  |  |  | (5,726) |
Corporate management stock-based compensation |  |  |  |  |  | (2,065) |
Other corporate expenses |  |  |  |  |  | (705) |
Income before income taxes |  |  |  |  |  | $ | 14,445 |
(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services. (2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures.
|  | 2023
|  | Rail, Technologies, and Services |  | Infrastructure Solutions |  | Total
Net sales |  | $ | 312,160 |  |  | $ | 231,584 |  |  | $ | 543,744 |
Less: |  |  |  |  |  |
Cost of sales |  | (247,126) |  |  | (184,574) |  |  | (431,700) |
Selling and administrative employment costs |  | (33,181) |  |  | (25,007) |  |  | (58,188) |
Purchased services(1) |  | (7,264) |  |  | (6,397) |  |  | (13,661) |
General administrative costs(2) |  | (9,011) |  |  | (4,942) |  |  | (13,953) |
Amortization expense |  | (3,272) |  |  | (2,042) |  |  | (5,314) |
Segment operating income |  | $ | 12,306 |  |  | $ | 8,622 |  |  | $ | 20,928 |
Reconciliation of segment operating income |  |  |  |  |  |
Total segment operating income |  |  |  |  |  | $ | 20,928 |
Interest expense - net |  |  |  |  |  | (5,528) |
Other expense - net |  |  |  |  |  | (2,635) |
Public company costs |  |  |  |  |  | (4,814) |
Corporate executive management costs |  |  |  |  |  | (3,807) |
Corporate management stock-based compensation |  |  |  |  |  | (2,816) |
Other corporate expenses |  |  |  |  |  | (384) |
Income before income taxes |  |  |  |  |  | $ | 944 |
(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services. (2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures. Reconciliations of reportable segment assets, depreciation and amortization, and expenditures for long-lived assets to the Company’s consolidated totals are as follows as of and for the years ended December 31:
|  |  |  |  | 2024
|  |  |  |  |  | Segment Assets |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  |  |  |  |  | $ | 158,859 |  |  | $ | 4,793 |  |  | $ | 2,032 |
Infrastructure Solutions |  |  |  |  |  | 123,755 |  |  | 7,417 |  |  | 6,366 |
Reportable segment total |  |  |  |  |  | 282,614 |  |  | 12,210 |  |  | 8,398 |
Corporate |  |  |  |  |  | 51,936 |  |  | 1,870 |  |  | 1,393 |
Total |  |  |  |  |  | $ | 334,550 |  |  | $ | 14,080 |  |  | $ | 9,791 |
|  |  |  |  | 2023
|  |  |  |  |  | Segment Assets |  | Depreciation/Amortization |  | Expenditures for Long-Lived Assets
Rail, Technologies, and Services |  |  |  |  |  | $ | 156,638 |  |  | $ | 5,172 |  |  | $ | 1,165 |
Infrastructure Solutions |  |  |  |  |  | 130,247 |  |  | 8,262 |  |  | 2,349 |
Reportable segments total |  |  |  |  |  | 286,885 |  |  | 13,434 |  |  | 3,514 |
Corporate |  |  |  |  |  | 25,516 |  |  | 1,829 |  |  | 999 |
Total |  |  |  |  |  | $ | 312,401 |  |  | $ | 15,263 |  |  | $ | 4,513 |
Schedule of Revenue from Customer by Major Geographical Region | The following table summarizes the Company’s sales by major geographic region in which the Company had operations for the years ended December 31:
|  | 2024 |  | 2023 |  |
United States |  | $ | 454,694 |  |  | $ | 463,936 |  |  |
Canada |  | 22,088 |  |  | 24,925 |  |  |
United Kingdom |  | 44,086 |  |  | 41,418 |  |  |
Other |  | 9,897 |  |  | 13,465 |  |  |
Total net sales |  | $ | 530,765 |  |  | $ | 543,744 |  |  |
Long-Lived Assets by Geographic Areas | The following table summarizes the Company’s long-lived assets by geographic region as of December 31:
|  | 2024 |  | 2023 |  |
United States |  | $ | 72,899 |  |  | $ | 72,840 |  |  |
Canada |  | 151 |  |  | 56 |  |  |
United Kingdom |  | 1,765 |  |  | 1,833 |  |  |
Other |  | 559 |  |  | 850 |  |  |
Total property, plant, and equipment - net |  | $ | 75,374 |  |  | $ | 75,579 |  |  |
Schedule of Reconciliation of Revenue from Segments to Consolidated | The following table summarizes the Company’s sales by major product and service line for the years ended December 31:
|  |  |  | December 31, |  |
|  |  |  |  |  | 2024 |  | 2023 |  |
Rail Products |  |  |  |  |  | $ | 207,696 |  |  | $ | 205,797 |  |  |
Global Friction Management |  |  |  |  |  | 65,984 |  |  | 63,946 |  |  |
Technology Services and Solutions |  |  |  |  |  | 53,189 |  |  | 42,417 |  |  |
Rail, Technologies, and Services |  |  |  |  |  | 326,869 |  |  | 312,160 |  |  |
Precast Concrete Products |  |  |  |  |  | 136,043 |  |  | 136,458 |  |  |
Steel Products |  |  |  |  |  | 67,853 |  |  | 95,126 |  |  |
Infrastructure Solutions |  |  |  |  |  | 203,896 |  |  | 231,584 |  |  |
Total net sales |  |  |  |  |  | $ | 530,765 |  |  | $ | 543,744 |  |  |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- 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
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