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