SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

The following table sets forth financial information related to the Company's segments (in thousands):


Three Months Ended September 30, 2025	Service Center		Innovative Pumping Solutions		Supply Chain Services		Total Reportable Segments		Corporate		Total
Sales	$	350,179	$	100,551	$	62,994	$	513,724	$	—	$	513,724
Operating expenses	296,817		81,147		57,635		435,599		—		435,599
Other expenses
Depreciation	995		774		8		1,777		1,034		2,811
Amortization of finance lease assets	1,021		231		47		1,299		443		1,742
Other(1)	—		—		—		—		29,874		29,874
Operating income (loss)	$	51,346	$	18,399	$	5,304	$	75,049	$	(31,351)	$	43,698
Interest expense	—		—		—		—		14,894		14,894
Other income, net	—		—		—		—		(648)		(648)
Income (loss) before income taxes	$	51,346	$	18,399	$	5,304	$	75,049	$	(45,597)	$	29,452

Capital expenditures	936		$	1,082	$	—	2,018		$	4,722	$	6,740
(1). Other primarily includes selling, general and administrative expenses of $24.5 million and amortization of intangible assets of $5.4 million.


Three Months Ended September 30, 2024	Service Center		Innovative Pumping Solutions		Supply Chain Services		Total Reportable Segments		Corporate		Total
Sales	$	316,831	$	89,825	$	66,279	$	472,935	$	—	$	472,935
Operating expenses	269,034		70,614		60,671		400,319		—		400,319
Other expenses
Depreciation	807		848		8		1,663		702		2,365
Amortization of finance lease assets	835		156		32		1,023		87		1,110
Other(1)	—		—		—		—		29,533		29,533
Operating income (loss)	$	46,155	$	18,207	$	5,568	$	69,930	$	(30,322)	$	39,608
Interest expense	—		—		—		—		15,716		15,716
Other income, net	—		—		—		—		160		160
Income (loss) before income taxes	$	46,155	$	18,207	$	5,568	$	69,930	$	(46,198)	$	23,732

Capital expenditures	$	1,034	$	920	$	—	$	1,954	$	2,000	$	3,954
(1). Other primarily includes selling, general and administrative expenses of $24.3 million and amortization of intangible assets of $5.2 million.


Nine Months Ended September 30, 2025	Service Center		Innovative Pumping Solutions		Supply Chain Services		Total Reportable Segments		Corporate		Total
Sales	$	1,016,985	$	280,273	$	191,717	$	1,488,975	$	—	$	1,488,975
Operating expenses	862,649		226,832		175,470		1,264,951		—		1,264,951
Other expenses
Depreciation	2,864		2,336		24		5,224		2,423		7,647
Amortization of finance lease assets	2,911		657		127		3,695		1,151		4,846
Other(1)	—		—		—		—		81,332		81,332
Operating income (loss)	$	148,561	$	50,448	$	16,096	$	215,105	$	(84,906)	$	130,199
Interest expense	—		—		—		—		44,298		44,298
Other income, net	—		—		—		—		(2,320)		(2,320)
Income (loss) before income taxes	$	148,561	$	50,448	$	16,096	$	215,105	$	(126,884)	$	88,221

Capital expenditures	$	3,434	$	2,568	$	—	$	6,002	$	30,998	$	37,000
(1). Other primarily includes selling, general and administrative expenses of $65.2 million and amortization of intangible assets of $16.1 million.


Nine Months Ended September 30, 2024	Service Center		Innovative Pumping Solutions		Supply Chain Services		Total Reportable Segments		Corporate		Total
Sales	$	911,783	$	225,417	$	193,926	$	1,331,126	$	—	$	1,331,126
Operating expenses	776,565		183,980		177,155		1,137,700		—		1,137,700
Other Expenses
Depreciation	2,334		2,547		24		4,905		1,916		6,821
Amortization of finance lease assets	2,554		347		94		2,995		236		3,231
Other(1)	—		—		—		—		77,283		77,283
Operating income (loss)	$	130,330	$	38,543	$	16,653	$	185,526	$	(79,435)	$	106,091
Interest expense	—		—		—		—		46,644		46,644
Other income, net	—		—		—		—		(2,844)		(2,844)
Income (loss) before income taxes	$	130,330	$	38,543	$	16,653	$	185,526	$	(123,235)	$	62,291

Capital expenditures	$	3,089	$	2,564	$	13	$	5,666	$	10,007	$	15,673
(1). Other primarily includes selling, general and administrative expenses of $63.0 million and amortization of intangible assets of $14.3 million.

The following table sets forth total assets related to the Company's segments (in thousands):


	September 30, 2025		December 31, 2024
Service Centers	$	816,858	$	764,533
Innovative Pumping Solutions	322,587		311,429
Supply Chain Services	90,383		62,760
Total Reportable Segments Assets	$	1,229,828	$	1,138,722
Corporate	214,626		210,772
Total Assets	$	1,444,454	$	1,349,494