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Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

A summary of segment information and reconciliation to consolidated (loss) income before income taxes is as follows:

		Three Months Ended
		June 30, 2025
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	110,757			$	7,866			$	-			$	118,623
Cost of sales			95,831				4,971				-				100,802
Gross profit		$	14,926			$	2,895			$	-			$	17,821
Other segment items (1)			402				510				9,202				10,114
Operating income (loss)		$	14,524			$	2,385			$	(9,202	)		$	7,707
Reconciliation to consolidated loss before income taxes:
Consolidated interest expense															(4,382	)
Loss on change in fair market value of Warrant liability															(47,630	)
Consolidated other income															3,296
Consolidated loss before income taxes														$	(41,009	)

(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.

		Three Months Ended
		June 30, 2024
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	142,528			$	4,888			$	-			$	147,416
Cost of sales			126,548				2,438				-				128,986
Gross profit		$	15,980			$	2,450			$	-			$	18,430
Other segment items (1)			(2,734	)			329				7,701				5,296
Operating income (loss)		$	18,714			$	2,121			$	(7,701	)		$	13,134
Reconciliation to consolidated income before income taxes:
Consolidated interest expense															(1,847	)
Gain on change in fair market value of Warrant liability															112
Consolidated other expense															(725	)
Consolidated income before income taxes														$	10,674

(1) Other segment items in Manufacturing include selling, general and administrative expenses and litigation settlement. Other segment items in Aftermarket and Corporate segments include selling, general and administrative expenses.

		Six Months Ended
		June 30, 2025
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	200,932			$	13,981			$	-			$	214,913
Cost of sales			173,896				8,802				-				182,698
Gross profit		$	27,036			$	5,179			$	-			$	32,215
Other segment items (1)			759				1,076				18,802				20,637
Operating income (loss)		$	26,277			$	4,103			$	(18,802	)		$	11,578
Reconciliation to consolidated income before income taxes:
Consolidated interest expense															(8,718	)
Gain on change in fair market value of Warrant liability															5,258
Consolidated other income															3,157
Consolidated income before income taxes														$	11,275

(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.

		Six Months Ended
		June 30, 2024
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	298,256			$	10,218			$	-			$	308,474
Cost of sales			273,534				5,107				-				278,641
Gross profit		$	24,722			$	5,111			$	-			$	29,833
Other segment items (1)			(2,271	)			801				14,259				12,789
Operating income (loss)		$	26,993			$	4,310			$	(14,259	)		$	17,044
Reconciliation to consolidated loss before income taxes:
Consolidated interest expense															(4,238	)
Loss on change in fair market value of Warrant liability															(15,541	)
Consolidated other expense															(739	)
Consolidated loss before income taxes														$	(3,474	)

(1) Other segment items in Manufacturing include selling, general and administrative expenses and litigation settlement. Other segment items in 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								Six Months Ended
		June 30,								June 30,
		2025				2024				2025				2024
Depreciation and amortization:
Manufacturing		$	1,431			$	1,302			$	2,796			$	2,575
Aftermarket			35				37				71				86
Corporate			84				75				179				149
Consolidated depreciation and amortization		$	1,550			$	1,414			$	3,046			$	2,810
Capital expenditures:
Manufacturing		$	562			$	1,287			$	847			$	2,208
Aftermarket			-				-				-				-
Corporate			46				16				91				61
Consolidated capital expenditures		$	608			$	1,303			$	938			$	2,269

Reconciliation of Assets From Segment to Consolidated

A summary of segment assets is as follows:

		June 30,				December 31,
		2025				2024
Assets:
Manufacturing		$	199,538			$	165,702
Aftermarket			11,193				11,014
Corporate			63,691				46,361
Total operating assets			274,422				223,077
Consolidated income taxes receivable			53,671				1,139
Consolidated assets		$	328,093			$	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								Six Months Ended
		June 30,								June 30,								June 30,				December 31,
		2025				2024				2025				2024				2025				2024
United States		$	118,623			$	147,416			$	214,913			$	308,474			$	3,473			$	3,856
Mexico			-				-				-				-				65,656				73,755
Total		$	118,623			$	147,416			$	214,913			$	308,474			$	69,129			$	77,611

(a) Long lived assets include property, plant and equipment, net and right of use (ROU) assets.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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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

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