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v3.25.1

Revenue and Contracts in Process (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Reconciliation of Revenue from Segments to Consolidated | Revenue from contracts with customers consisted of the following (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Infrastructure |  |  |  |  |  | $ | 264.9 |  |  | $ | 307.9 |
Life Sciences |  |  |  |  |  | 3.1 |  |  | 1.0 |
Spectrum |  |  |  |  |  | 6.2 |  |  | 6.3 |
Total revenue |  |  |  |  |  | $ | 274.2 |  |  | $ | 315.2 |
Schedule of Accounts Receivable, net | Accounts receivables, net, from contracts with customers consisted of the following (in millions):
|  | March 31, 2025 |  | December 31, 2024
Infrastructure |  | $ | 156.3 |  |  | $ | 184.8 |
Life Sciences |  | 2.1 |  |  | 1.5 |
Spectrum |  | 2.0 |  |  | 1.9 |
Total accounts receivables with customers |  | $ | 160.4 |  |  | $ | 188.2 |
Accounts receivable, net, consisted of the following (in millions):
|  | March 31, 2025 |  | December 31, 2024
Contracts in progress |  | $ | 156.3 |  |  | $ | 184.9 |
Unbilled retentions |  | 0.1 |  |  | 0.1 |
Trade receivables |  | 4.1 |  |  | 3.3 |
Other receivables |  | 4.1 |  |  | 5.8 |
Allowance for expected credit losses |  | (0.1) |  |  | (0.1) |
Total |  | $ | 164.5 |  |  | $ | 194.0 |
Schedule of Disaggregation of Revenue | The following table disaggregates DBMG's revenue by market (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Industrial |  |  |  |  |  | $ | 74.6 |  |  | $ | 84.1 |
Commercial |  |  |  |  |  | 53.8 |  |  | 77.3 |
Healthcare |  |  |  |  |  | 52.0 |  |  | 34.3 |
Transportation |  |  |  |  |  | 44.7 |  |  | 100.4 |
Government |  |  |  |  |  | 24.8 |  |  | 2.7 |
Leisure |  |  |  |  |  | 6.6 |  |  | 1.0 |
Convention |  |  |  |  |  | 5.9 |  |  | 5.5 |
Energy |  |  |  |  |  | 1.9 |  |  | 2.2 |
Total revenue from contracts with customers |  |  |  |  |  | $ | 264.3 |  |  | $ | 307.5 |
Other revenue |  |  |  |  |  | 0.6 |  |  | 0.4 |
Total Infrastructure segment revenue |  |  |  |  |  | $ | 264.9 |  |  | $ | 307.9 |
The following table disaggregates the Life Sciences segment's revenue by type (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Systems and consumables revenue |  |  |  |  |  | $ | 3.1 |  |  | $ | 1.0 |
Total Life Sciences segment revenue |  |  |  |  |  | $ | 3.1 |  |  | $ | 1.0 |
The following table disaggregates the Spectrum segment's revenue by type (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Broadcast station |  |  |  |  |  | $ | 6.2 |  |  | $ | 6.3 |
Total Spectrum segment revenue |  |  |  |  |  | $ | 6.2 |  |  | $ | 6.3 |
Schedule of Costs and Recognized Earnings in Excess of Billings and Billings in Excess of Costs and Recognized Earnings on Uncompleted Contracts | Contract assets and contract liabilities consisted of the following (in millions):
|  | March 31, 2025 |  | December 31, 2024
Costs incurred on contracts in progress |  | $ | 1,245.9 |  |  | $ | 1,435.2 |
Estimated earnings |  | 97.5 |  |  | 75.8
Contract revenue earned on uncompleted contracts |  | 1,343.4 |  |  | 1,511.0 |
Less: progress billings |  | 1,303.4 |  |  | 1,513.8 |
|  | $ | 40.0 |  |  | $ | (2.8) |
The above is included in the accompanying Condensed Consolidated Balance Sheets under the following line items:
Contract assets |  | $ | 135.3 |  |  | $ | 106.3 |
Contract liabilities |  | (95.3) |  |  | (109.1) |
|  | $ | 40.0 |  |  | $ | (2.8) |
Schedule of Contract with Customer, Asset and Liability |
|  | March 31, 2025 |  | December 31, 2024
Cost in excess of billings and estimated earnings |  | $ | 71.2 |  |  | $ | 50.8 |
Conditional retainage |  | 64.1 |  |  | 55.5 |
Contract assets |  | $ | 135.3 |  |  | $ | 106.3 |
Billings in excess of costs and estimated earnings |  | $ | (127.4) |  |  | $ | (147.7) |
Conditional retainage |  | 32.1 |  |  | 38.6 |
Contract liabilities |  | $ | (95.3) |  |  | $ | (109.1) |
Schedule of Remaining Performance Obligations | As of March 31, 2025, the transaction price allocated to remaining unsatisfied performance obligations consisted of the following (in millions):
|  | Within One Year |  | Within Five Years |  |  |  | Total
Commercial |  | $ | 333.8 |  |  | $ | 107.6 |  |  |  |  | $ | 441.4 |
Industrial |  | 250.8 |  |  | 34.7 |  |  |  |  | 285.5 |
Healthcare |  | 176.2 |  |  | 70.9 |  |  |  |  | 247.1 |
Transportation |  | 114.6 |  |  | 78.8 |  |  |  |  | 193.4 |
Government |  | 162.0 |  |  | 5.3 |  |  |  |  | 167.3 |
Leisure |  | 17.0 |  |  | 1.9 |  |  |  |  | 18.9 |
Convention |  | 2.6 |  |  | — |  |  |  |  | 2.6 |
Energy |  | 1.6 |  |  | — |  |  |  |  | 1.6 |
Remaining unsatisfied performance obligations | $ | 1,058.6 |  |  | $ | 299.2 |  |  |  |  | $ | 1,357.8 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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