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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | A summary of segment information and reconciliation to consolidated income (loss) before income taxes is as follows:
|  | Three Months Ended |
|  | March 31, 2025 |
|  | Manufacturing |  |  | Aftermarket |  |  | Corporate |  |  | Total |
Revenues |  | $ | 90,174 |  |  | $ | 6,116 |  |  | $ | - |  |  | $ | 96,290 |
Cost of sales |  |  | 78,065 |  |  |  | 3,831 |  |  |  | - |  |  |  | 81,896 |
Gross profit |  | $ | 12,109 |  |  | $ | 2,285 |  |  | $ | - |  |  | $ | 14,394 |
Other segment items (1) |  |  | 357 |  |  |  | 566 |  |  |  | 9,600 |  |  |  | 10,523 |
Operating income (loss) |  | $ | 11,752 |  |  | $ | 1,719 |  |  | $ | (9,600 | ) |  | $ | 3,871 |
Reconciliation to consolidated income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Consolidated interest expense |  |  |  |  |  |  |  |  |  |  |  | (4,336 | )
Gain on change in fair market value of Warrant Liability |  |  |  |  |  |  |  |  |  |  |  | 52,888 |
Consolidated other expense |  |  |  |  |  |  |  |  |  |  |  | (139 | )
Consolidated income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 52,284 |
(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.
|  | Three Months Ended |
|  | March 31, 2024 |
|  | Manufacturing |  |  | Aftermarket |  |  | Corporate |  |  | Total |
Revenues |  | $ | 155,728 |  |  | $ | 5,330 |  |  | $ | - |  |  | $ | 161,058 |
Cost of sales |  |  | 146,987 |  |  |  | 2,668 |  |  |  | - |  |  |  | 149,655 |
Gross profit |  | $ | 8,741 |  |  | $ | 2,662 |  |  | $ | - |  |  | $ | 11,403 |
Other segment items (2) |  |  | 463 |  |  |  | 471 |  |  |  | 6,559 |  |  |  | 7,493 |
Operating income (loss) |  | $ | 8,278 |  |  | $ | 2,191 |  |  | $ | (6,559 | ) |  | $ | 3,910 |
Reconciliation to consolidated loss before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Consolidated interest expense |  |  |  |  |  |  |  |  |  |  |  | (2,391 | )
Loss on change in fair market value of Warrant Liability |  |  |  |  |  |  |  |  |  |  |  | (15,653 | )
Consolidated other expense |  |  |  |  |  |  |  |  |  |  |  | (14 | )
Consolidated loss before income taxes |  |  |  |  |  |  |  |  |  |  | $ | (14,148 | )
(2) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses. A summary of segment depreciation, amortization and capital expenditures is as follows:
|  | Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Depreciation and amortization: |  |  |  |  |  |
Manufacturing |  | $ | 1,365 |  |  | $ | 1,273 |
Aftermarket |  |  | 36 |  |  |  | 49 |
Corporate |  |  | 95 |  |  |  | 74 |
Consolidated depreciation and amortization |  | $ | 1,496 |  |  | $ | 1,396 |
Capital expenditures: |  |  |  |  |  |
Manufacturing |  | $ | 285 |  |  | $ | 921 |
Corporate |  |  | 45 |  |  |  | 45 |
Consolidated capital expenditures |  | $ | 330 |  |  | $ | 966 |
Reconciliation of Assets From Segment to Consolidated | A summary of segment assets is as follows:
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Assets: |  |  |  |  |  |
Manufacturing |  | $ | 179,230 |  |  | $ | 165,702 |
Aftermarket |  |  | 10,776 |  |  |  | 11,014 |
Corporate |  |  | 59,673 |  |  |  | 46,361 |
Total operating assets |  |  | 249,679 |  |  |  | 223,077 |
Consolidated income taxes receivable |  |  | 789 |  |  |  | 1,139 |
Consolidated assets |  | $ | 250,468 |  |  | $ | 224,216 |
Geographic Information | A summary of revenues and long-lived assets by geographic information is as follows:
| Geographic Information |
| Revenues |  |  | Long Lived Assets (a) |
|  | Three Months Ended |  |  |  |  |  |  |
|  | March 31, |  |  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
United States |  | $ | 96,290 |  |  | $ | 161,058 |  |  | $ | 3,658 |  |  | $ | 3,856 |
Mexico |  |  | - |  |  |  | - |  |  |  | 71,859 |  |  |  | 73,755 |
Total |  | $ | 96,290 |  |  | $ | 161,058 |  |  | $ | 75,517 |  |  | $ | 77,611 |
(a) Long lived assets include property, plant and equipment, net and right-of-use (ROU) assets.

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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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