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BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION (Tables)
6 Months Ended
Jun. 28, 2025
BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION  
Schedule of Segment Reporting Information of Sales and Operating Income

    

Thirteen weeks ended June 28, 2025

Infrastructure

    

Agriculture

    

Consolidated

Sales

$

765,525

 

$

289,420

 

$

1,054,945

Intersegment sales

(2,433)

(1,964)

(4,397)

Net sales

763,092

287,456

1,050,548

Cost of sales

535,209

194,172

729,381

Gross profit

227,883

93,284

321,167

Selling, general, and administrative expenses (a)

111,187

52,366

163,553

Impairment of long-lived assets

89,356

1,981

91,337

Realignment charges

1,426

2,886

4,312

Segment operating income

$

25,914

$

36,051

61,965

Unallocated corporate expenses

28,117

Corporate realignment charges

4,572

Total operating income

$

29,276

    

Twenty-six weeks ended June 28, 2025

Infrastructure

    

Agriculture

    

Consolidated

Sales

$

1,471,746

 

$

556,691

 

$

2,028,437

Intersegment sales

(5,163)

(3,412)

(8,575)

Net sales

1,466,583

553,279

2,019,862

Cost of sales

1,025,825

381,768

1,407,593

Gross profit

440,758

171,511

612,269

Selling, general, and administrative expenses (a)

206,850

94,356

301,206

Impairment of long-lived assets

89,356

1,981

91,337

Realignment charges

1,426

2,886

4,312

Segment operating income

$

143,126

$

72,288

215,414

Unallocated corporate expenses

53,252

Corporate realignment charges

4,572

Total operating income

$

157,590

    

Thirteen weeks ended June 29, 2024

Infrastructure

    

Agriculture

    

Consolidated

Sales

$

762,742

 

$

281,703

 

$

1,044,445

Intersegment sales

(2,312)

(2,396)

(4,708)

Net sales

760,430

279,307

1,039,737

Cost of sales

528,027

191,428

719,455

Gross profit

232,403

87,879

320,282

Selling, general, and administrative expenses (a)

98,822

47,908

146,730

Segment operating income

$

133,581

$

39,971

173,552

Unallocated corporate expenses

26,244

Total operating income

$

147,308

    

Twenty-six weeks ended June 29, 2024

Infrastructure

    

Agriculture

    

Consolidated

Sales

$

1,486,356

 

$

540,438

 

$

2,026,794

Intersegment sales

(5,193)

(4,036)

(9,229)

Net sales

1,481,163

536,402

2,017,565

Cost of sales

1,031,143

359,924

1,391,067

Gross profit

450,020

176,478

626,498

Selling, general, and administrative expenses (a)

198,575

95,534

294,109

Segment operating income

$

251,445

$

80,944

332,389

Unallocated corporate expenses

53,528

Total operating income

$

278,861

(a)Selling, general, and administrative expenses for each reportable segment includes compensation, certain allocated overhead expenses including information technology and enterprise resource planning, commissions, incentives, depreciation and amortization expense, and research and development.

    

Thirteen weeks ended June 28, 2025

Infrastructure

    

Agriculture

Intersegment

    

Consolidated

Geographical market:

  

 

  

  

 

  

North America

$

616,436

$

142,482

$

(4,329)

$

754,589

International

 

149,089

 

146,938

 

(68)

 

295,959

Total sales

$

765,525

$

289,420

$

(4,397)

$

1,050,548

Product line:

 

  

 

  

 

  

 

  

Utility

$

350,416

$

$

$

350,416

Lighting and Transportation

 

217,985

 

 

 

217,985

Coatings

 

90,789

 

 

(2,365)

 

88,424

Telecommunications

 

82,075

 

 

 

82,075

Solar

 

24,260

 

 

(68)

 

24,192

Irrigation Equipment and Parts

 

 

263,536

 

(1,964)

 

261,572

Technology Products and Services

 

 

25,884

 

 

25,884

Total sales

$

765,525

$

289,420

$

(4,397)

$

1,050,548

    

Twenty-six weeks ended June 28, 2025

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

1,193,633

$

279,958

$

(8,441)

$

1,465,150

International

 

278,113

 

276,733

 

(134)

 

554,712

Total sales

$

1,471,746

$

556,691

$

(8,575)

$

2,019,862

Product line:

 

  

 

  

 

  

 

  

Utility

$

694,681

$

$

$

694,681

Lighting and Transportation

 

410,556

 

 

 

410,556

Coatings

 

173,146

 

 

(5,029)

 

168,117

Telecommunications

 

152,014

 

 

 

152,014

Solar

 

41,349

 

 

(134)

 

41,215

Irrigation Equipment and Parts

 

 

506,267

 

(3,412)

 

502,855

Technology Products and Services

 

 

50,424

 

 

50,424

Total sales

$

1,471,746

$

556,691

$

(8,575)

$

2,019,862

    

Thirteen weeks ended June 29, 2024

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

582,143

$

161,310

$

(4,686)

$

738,767

International

 

180,599

 

120,393

 

(22)

 

300,970

Total sales

$

762,742

$

281,703

$

(4,708)

$

1,039,737

Product line:

 

  

 

  

 

  

 

  

Utility

$

332,395

$

$

$

332,395

Lighting and Transportation

 

234,254

 

 

 

234,254

Coatings

 

91,574

 

 

(2,294)

 

89,280

Telecommunications

 

58,400

 

 

 

58,400

Solar

 

46,119

 

 

(18)

 

46,101

Irrigation Equipment and Parts

 

 

254,310

 

(2,396)

 

251,914

Technology Products and Services

 

 

27,393

 

 

27,393

Total sales

$

762,742

$

281,703

$

(4,708)

$

1,039,737

    

Twenty-six weeks ended June 29, 2024

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

1,150,715

$

321,225

$

(9,152)

$

1,462,788

International

 

335,641

 

219,213

 

(77)

 

554,777

Total sales

$

1,486,356

$

540,438

$

(9,229)

$

2,017,565

Product line:

 

  

 

  

 

  

 

  

Utility

$

668,538

$

$

$

668,538

Lighting and Transportation

 

445,463

 

 

 

445,463

Coatings

 

178,664

 

 

(5,120)

 

173,544

Telecommunications

 

112,361

 

 

 

112,361

Solar

 

81,330

 

 

(73)

 

81,257

Irrigation Equipment and Parts

 

 

487,430

 

(4,036)

 

483,394

Technology Products and Services

 

 

53,008

 

 

53,008

Total sales

$

1,486,356

$

540,438

$

(9,229)

$

2,017,565

    

June 28,

December 28,

2025

    

2024

ASSETS:

 

  

 

  

Infrastructure

$

2,239,733

$

2,181,345

Agriculture

 

854,029

 

876,486

Total segment assets

3,093,762

3,057,831

Unallocated corporate assets

 

251,622

 

272,141

Total assets

$

3,345,384

$

3,329,972

    

Thirteen weeks ended

Twenty-six weeks ended

June 28,

June 29,

June 28,

June 29,

2025

    

2024

2025

    

2024

CAPITAL EXPENDITURES:

Infrastructure

 

$

28,441

 

$

16,755

 

$

54,373

 

$

30,192

Agriculture

 

3,214

 

1,255

 

5,446

 

2,518

Total segment capital expenditures

31,655

18,010

59,819

32,710

Unallocated corporate capital expenditures

 

332

 

308

 

2,487

 

618

Total capital expenditures

$

31,987

$

18,318

$

62,306

$

33,328

    

Thirteen weeks ended

Twenty-six weeks ended

June 28,

June 29,

June 28,

June 29,

2025

    

2024

2025

    

2024

DEPRECIATION AND AMORTIZATION:

Infrastructure

 

$

15,887

 

$

16,152

 

$

31,469

 

$

32,401

Agriculture

 

4,241

 

4,583

 

8,052

 

9,506

Total segment depreciation and amortization expense

20,128

20,735

39,521

41,907

Unallocated corporate depreciation and amortization expense

 

2,135

 

2,255

 

4,260

 

4,619

Total depreciation and amortization expense

$

22,263

$

22,990

$

43,781

$

46,526

Breakdown by segment of revenue recognized over time and at a point in time

Thirteen weeks ended June 28, 2025

 

Twenty-six weeks ended June 28, 2025

    

Point in Time

Over Time

Total

 

Point in Time

Over Time

Total

Infrastructure

$

423,581

$

339,511

$

763,092

$

789,724

$

676,859

$

1,466,583

Agriculture

 

279,000

8,456

 

287,456

 

537,703

15,576

 

553,279

Total net sales

$

702,581

$

347,967

$

1,050,548

$

1,327,427

$

692,435

$

2,019,862

Thirteen weeks ended June 29, 2024

Twenty-six weeks ended June 29, 2024

Point in Time

    

Over Time

    

Total

Point in Time

    

Over Time

    

Total

Infrastructure

$

430,252

$

330,178

$

760,430

$

820,187

$

660,976

$

1,481,163

Agriculture

 

271,011

8,296

 

279,307

 

521,771

14,631

 

536,402

Total net sales

$

701,263

$

338,474

$

1,039,737

$

1,341,958

$

675,607

$

2,017,565