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BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information is as follows for the three months ended September 30, 2025:

			Arcadia Products						DynaEnergetics						NobelClad						Total
Net sales			$	61,661					$	68,946					$	20,925					$	151,532
Cost of products sold			43,944						58,970						15,717						118,631
Gross profit			17,717						9,976						5,208						32,901
Stock-based compensation*			18						—						—						18
General and administrative expenses			6,062						2,416						2,076						10,554
Selling and distribution expenses			4,156						4,514						1,870						10,540
Amortization of purchased intangible assets			4,764						—						—						4,764
Restructuring expenses and asset impairments			132						57						1,013						1,202
Operating income			2,585						2,989						249						5,823
Unallocated corporate expenses																					(3,871)
Unallocated stock-based compensation*																					(1,342)
Other expense, net																					(334)
Interest expense, net																					(1,632)
Loss before income taxes																					(1,356)
Income tax provision																					714
Net loss																					$	(2,070)

Segment information is as follows for the nine months ended September 30, 2025:

			Arcadia Products						DynaEnergetics						NobelClad						Total
Net sales			$	189,221					$	201,359					$	75,729					$	466,309
Cost of products sold			134,893						164,613						55,831						355,337
Gross profit			54,328						36,746						19,898						110,972
Stock-based compensation*			493						—						—						493
General and administrative expenses			19,695						8,191						4,119						32,005
Selling and distribution expenses			13,104						12,764						6,277						32,145
Amortization of purchased intangible assets			14,290						—						—						14,290
Restructuring expenses and asset impairments			649						803						1,224						2,676
Operating income			6,097						14,988						8,278						29,363
Unallocated corporate expenses																					(14,496)
Unallocated stock-based compensation*																					(3,847)
Other expense, net																					(898)
Interest expense, net																					(5,142)
Income before income taxes																					4,980
Income tax provision																					4,866
Net income																					$	114

Segment information is as follows for the three months ended September 30, 2024:

			Arcadia Products						DynaEnergetics						NobelClad						Total
Net sales			$	57,818					$	69,679					$	24,932					$	152,429
Cost of products sold			44,256						61,332						16,663						122,251
Gross profit			13,562						8,347						8,269						30,178
Stock-based compensation*			315						—						—						315
General and administrative expenses			7,006						2,299						1,110						10,415
Selling and distribution expenses			4,112						7,276						2,190						13,578
Amortization of purchased intangible assets			5,278						—						—						5,278
Restructuring expenses and asset impairments			248						1,821						—						2,069
Goodwill impairment			141,725						—						—						141,725
Operating (loss) income			(145,122)						(3,049)						4,969						(143,202)
Unallocated corporate expenses																					(4,377)
Unallocated stock-based compensation*																					(1,356)
Other expense, net																					(520)
Interest expense, net																					(2,113)
Loss before income taxes																					(151,568)
Income tax provision																					7,848
Net loss																					$	(159,416)

Segment information is as follows for the nine months ended September 30, 2024:

			Arcadia Products						DynaEnergetics						NobelClad						Total
Net sales			$	189,491					$	224,011					$	76,975					$	490,477
Cost of products sold			135,959						183,560						51,840						371,359
Gross profit			53,532						40,451						25,135						119,118
Stock-based compensation*			938						—						—						938
General and administrative expenses			22,049						8,201						3,207						33,457
Selling and distribution expenses			12,451						17,540						6,927						36,918
Amortization of purchased intangible assets			15,833						44						—						15,877
Restructuring expenses and asset impairments			527						1,821						—						2,348
Goodwill impairment			141,725						—						—						141,725
Operating (loss) income			(139,991)						12,845						15,001						(112,145)
Unallocated corporate expenses																					(14,531)
Unallocated stock-based compensation*																					(3,886)
Other expense, net																					(1,213)
Interest expense, net																					(6,746)
Loss before income taxes																					(138,521)
Income tax provision																					12,283
Net loss																					$	(150,804)

*    Stock-based compensation is not allocated to wholly owned segments DynaEnergetics and NobelClad. Stock-based compensation is allocated to the Arcadia Products segment as 60% of such expense is attributable to the Company, whereas the remaining 40% is attributable to the redeemable noncontrolling interest holder.

			Three months ended September 30,												Nine months ended September 30,
			2025						2024						2025						2024
Depreciation and amortization:
Arcadia Products			$	5,784					$	6,192					$	17,332					$	18,510
DynaEnergetics			1,821						1,642						5,434						5,039
NobelClad			813						807						2,388						2,377
Segment depreciation and amortization			8,418						8,641						25,154						25,926
Corporate and other			79						81						236						245
Consolidated depreciation and amortization			$	8,497					$	8,722					$	25,390					$	26,171

The disaggregation of revenue earned from contracts with customers is based on the geographic location of the customer. For Arcadia Products, net sales have been presented consistent with United States regional definitions as provided by the American Institute of Architects. For DynaEnergetics and NobelClad, all net sales are from products shipped from our manufacturing facilities and distribution centers located in the United States, Germany, and Canada.

Arcadia Products

			Three months ended September 30,												Nine months ended September 30,
			2025						2024						2025						2024
West			$	51,342					$	48,020					$	157,873					156,171
South			4,153						5,656						15,147						18,967
Northeast			3,664						2,025						9,300						7,410
Midwest			2,502						2,117						6,901						6,943
Total Arcadia Products			$	61,661					$	57,818					$	189,221					$	189,491

DynaEnergetics

			Three months ended September 30,												Nine months ended September 30,
			2025						2024						2025						2024
United States			$	54,975					$	53,924					$	160,426					$	170,916
United Arab Emirates			2,652						56						3,375						181
Kuwait			1,298						2,340						2,916						4,792
Canada			1,255						5,809						9,121						18,920
Oman			986						1,770						3,830						6,281
Indonesia			376						306						2,912						1,748
India			172						201						438						6,344
Rest of the world (1)			7,232						5,273						18,341						14,829
Total DynaEnergetics			$	68,946					$	69,679					$	201,359					$	224,011

(1)        Rest of the world does not include any individual country comprising sales greater than 3% of total DynaEnergetics revenue.

NobelClad

			Three months ended September 30,												Nine months ended September 30,
			2025						2024						2025						2024
United States			$	7,031					$	12,656					$	24,379					$	39,644
Canada			2,982						1,225						8,020						8,697
South Korea			1,985						116						3,704						640
Germany			1,791						684						16,942						2,549
China			1,731						2,273						2,302						3,562
France			812						709						2,312						2,408
Bahrain			717						758						1,028						1,739
South Africa			641						7						906						1,323
United Arab Emirates			594						1,340						2,010						2,495
Netherlands			437						891						1,457						2,700
Belgium			230						106						3,047						491
Saudi Arabia			119						2,133						2,773						2,746
Rest of the world (1)			1,855						2,034						6,849						7,981
Total NobelClad			$	20,925					$	24,932					$	75,729					$	76,975

(1)        Rest of the world does not include any individual country comprising sales greater than 3% of total NobelClad revenue.

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

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- References

No definition available.

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