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Revenue and Contracts in Process (Tables)

9 Months Ended

Sep. 30, 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 September 30,												Nine Months Ended September 30,
						2025						2024						2025						2024
Infrastructure						$	338.4					$	232.8					$	836.4					$	845.9
Life Sciences						3.1						3.0						9.4						5.7
Spectrum						5.6						6.4						17.5						18.9
Total revenue						$	347.1					$	242.2					$	863.3					$	870.5

Schedule of Accounts Receivable, net

Accounts receivable, net, from contracts with customers consisted of the following (in millions):

						September 30, 2025						December 31, 2024
Infrastructure									$	260.2								$	184.8
Life Sciences						2.3						1.5
Spectrum						1.8						1.9
Total accounts receivable with customers						$	264.3					$	188.2

Accounts receivable, net, consisted of the following (in millions):

						September 30, 2025						December 31, 2024
Contracts in progress									$	260.2								$	184.9
Unbilled retentions						0.1						0.1
Trade receivables						4.1						3.3
Other receivables						1.3						5.8
Allowance for expected credit losses						(0.1)						(0.1)
Total						$	265.6					$	194.0

Schedule of Disaggregation of Revenue

The following table disaggregates DBMG's revenue by market (in millions):

						Three Months Ended September 30,												Nine Months Ended September 30,
						2025						2024						2025						2024
Commercial						116.1						57.1						246.2						230.9
Industrial						$	85.1					$	64.7					$	219.1					$	242.5
Transportation						48.6						58.2						134.6						228.0
Healthcare						48.6						40.9						124.2						114.4
Government						36.1						3.9						84.5						5.6
Leisure						1.7						4.3						12.9						6.9
Convention						0.2						1.8						8.3						10.3
Energy						1.8						1.9						5.5						5.7
Total revenue from contracts with customers						$	338.2					$	232.8					$	835.3					$	844.3
Other revenue						0.2						—						1.1						1.6
Total Infrastructure segment revenue						$	338.4					$	232.8					$	836.4					$	845.9

The following table disaggregates the Life Sciences segment's revenue by type (in millions):

						Three Months Ended September 30,												Nine Months Ended September 30,
						2025						2024						2025						2024
Systems and consumables revenue						$	3.1					$	3.0					$	9.4					$	5.7
Total Life Sciences segment revenue						$	3.1					$	3.0					$	9.4					$	5.7

The following table disaggregates the Spectrum segment's revenue by type (in millions):

						Three Months Ended September 30,												Nine Months Ended September 30,
						2025						2024						2025						2024
Broadcast station						$	5.6					$	6.4					$	17.5					$	18.9
Total Spectrum segment revenue						$	5.6					$	6.4					$	17.5					$	18.9

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):

						September 30, 2025						December 31, 2024
Costs incurred on contracts in progress									$	1,323.5								$	1,435.2
Estimated earnings						118.8						75.8
Contract revenue earned on uncompleted contracts						1,442.3						1,511.0
Less: progress billings						1,537.0						1,513.8
						$	(94.7)					$	(2.8)
The above is included in the accompanying Condensed Consolidated Balance Sheets under the following line items:
Contract assets						$	80.8					$	106.3
Contract liabilities						(175.5)						(109.1)
						$	(94.7)					$	(2.8)

Schedule of Contract with Customer, Asset and Liability

						September 30, 2025						December 31, 2024
Cost in excess of billings and estimated earnings									$	30.9								$	50.8
Conditional retainage						49.9						55.5
Contract assets						$	80.8					$	106.3
Billings in excess of costs and estimated earnings						$	(213.4)					$	(147.7)
Conditional retainage						37.9						38.6
Contract liabilities						$	(175.5)					$	(109.1)

Schedule of Remaining Performance Obligations

As of September 30, 2025, the transaction price allocated to remaining unsatisfied performance obligations consisted of the following (in millions):

						Within One Year						Within Five Years												Total
Commercial						$	283.0					$	26.7											$	309.7
Healthcare						186.6						68.4												255.0
Industrial						223.5						13.9												237.4
Transportation						273.1						281.3												554.4
Government						143.1						6.9												150.0
Leisure						0.3						13.4												13.7
Convention						0.6						—												0.6
Energy						16.9						—												16.9
Remaining unsatisfied performance obligations						$	1,127.1					$	410.6											$	1,537.7

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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.

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-Section 50
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