BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION (Tables)

9 Months Ended

Sep. 27, 2025

BUSINESS SEGMENTS AND RELATED REVENUE INFORMATION

Schedule of Segment Reporting Information of Sales and Operating Income

	Thirteen weeks ended September 27, 2025
	Infrastructure		Agriculture		Consolidated
Sales	$	808,285	$	241,338	$	1,049,623
Intersegment sales		(1,723)		(1,920)		(3,643)
Net sales		806,562		239,418		1,045,980
Cost of sales		567,136		160,598		727,734
Gross profit		239,426		78,820		318,246
Selling, general, and administrative expenses (a)		96,049		55,631		151,680
Segment operating income	$	143,377	$	23,189		166,566
Unallocated corporate expenses						25,110
Total operating income					$	141,456

	Thirteen weeks ended September 28, 2024
	Infrastructure		Agriculture		Consolidated
Sales	$	758,579	$	265,286	$	1,023,865
Intersegment sales		(2,209)		(1,481)		(3,690)
Net sales		756,370		263,805		1,020,175
Cost of sales		533,037		185,445		718,482
Gross profit		223,333		78,360		301,693
Selling, general, and administrative expenses (a)		99,676		49,467		149,143
Segment operating income	$	123,657	$	28,893		152,550
Unallocated corporate expenses						26,815
Total operating income					$	125,735

	Thirty-nine weeks ended September 27, 2025
	Infrastructure		Agriculture		Consolidated
Sales	$	2,280,031	$	798,029	$	3,078,060
Intersegment sales		(6,886)		(5,332)		(12,218)
Net sales		2,273,145		792,697		3,065,842
Cost of sales		1,592,961		542,366		2,135,327
Gross profit		680,184		250,331		930,515
Selling, general, and administrative expenses (a)		302,899		149,987		452,886
Impairment of long-lived assets		89,356		1,981		91,337
Realignment charges		1,426		2,886		4,312
Segment operating income	$	286,503	$	95,477		381,980
Unallocated corporate expenses						78,362
Corporate realignment charges						4,572
Total operating income					$	299,046

	Thirty-nine weeks ended September 28, 2024
	Infrastructure		Agriculture		Consolidated
Sales	$	2,244,935	$	805,724	$	3,050,659
Intersegment sales		(7,402)		(5,517)		(12,919)
Net sales		2,237,533		800,207		3,037,740
Cost of sales		1,564,180		545,369		2,109,549
Gross profit		673,353		254,838		928,191
Selling, general, and administrative expenses (a)		298,251		145,001		443,252
Segment operating income	$	375,102	$	109,837		484,939
Unallocated corporate expenses						80,343
Total operating income					$	404,596

(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 September 27, 2025
	Infrastructure		Agriculture		Intersegment		Consolidated
Geographical market:
North America	$	656,285	$	111,334	$	(3,638)	$	763,981
International		152,000		130,004		(5)		281,999
Total sales	$	808,285	$	241,338	$	(3,643)	$	1,045,980
Product line:
Utility	$	391,901	$	—	$	—	$	391,901
Lighting and Transportation		215,072		—		—		215,072
Coatings		96,561		—		(1,718)		94,843
Telecommunications		88,097		—		—		88,097
Solar		16,654		—		(5)		16,649
Irrigation Equipment and Parts		—		220,963		(1,920)		219,043
Technology Products and Services		—		20,375		—		20,375
Total sales	$	808,285	$	241,338	$	(3,643)	$	1,045,980

	Thirteen weeks ended September 28, 2024
	Infrastructure		Agriculture		Intersegment		Consolidated
Geographical market:
North America	$	599,705	$	119,973	$	(3,684)	$	715,994
International		158,874		145,313		(6)		304,181
Total sales	$	758,579	$	265,286	$	(3,690)	$	1,020,175
Product line:
Utility	$	349,085	$	—	$	—	$	349,085
Lighting and Transportation		222,535		—		—		222,535
Coatings		88,046		—		(2,201)		85,845
Telecommunications		64,288		—		—		64,288
Solar		34,625		—		(8)		34,617
Irrigation Equipment and Parts		—		243,368		(1,481)		241,887
Technology Products and Services		—		21,918		—		21,918
Total sales	$	758,579	$	265,286	$	(3,690)	$	1,020,175

	Thirty-nine weeks ended September 27, 2025
	Infrastructure		Agriculture		Intersegment		Consolidated
Geographical market:
North America	$	1,849,918	$	391,292	$	(12,079)	$	2,229,131
International		430,113		406,737		(139)		836,711
Total sales	$	2,280,031	$	798,029	$	(12,218)	$	3,065,842
Product line:
Utility	$	1,086,582	$	—	$	—	$	1,086,582
Lighting and Transportation		625,628		—		—		625,628
Coatings		269,707		—		(6,747)		262,960
Telecommunications		240,111		—		—		240,111
Solar		58,003		—		(139)		57,864
Irrigation Equipment and Parts		—		727,230		(5,332)		721,898
Technology Products and Services		—		70,799		—		70,799
Total sales	$	2,280,031	$	798,029	$	(12,218)	$	3,065,842

	Thirty-nine weeks ended September 28, 2024
	Infrastructure		Agriculture		Intersegment		Consolidated
Geographical market:
North America	$	1,750,420	$	441,198	$	(12,836)	$	2,178,782
International		494,515		364,526		(83)		858,958
Total sales	$	2,244,935	$	805,724	$	(12,919)	$	3,037,740
Product line:
Utility	$	1,017,623	$	—	$	—	$	1,017,623
Lighting and Transportation		667,998		—		—		667,998
Coatings		266,710		—		(7,321)		259,389
Telecommunications		176,649		—		—		176,649
Solar		115,955		—		(81)		115,874
Irrigation Equipment and Parts		—		730,798		(5,517)		725,281
Technology Products and Services		—		74,926		—		74,926
Total sales	$	2,244,935	$	805,724	$	(12,919)	$	3,037,740

	September 27,		December 28,
	2025		2024
ASSETS:
Infrastructure	$	2,288,536	$	2,181,345
Agriculture		831,854		876,486
Total segment assets		3,120,390		3,057,831
Unallocated corporate assets		247,609		272,141
Total assets	$	3,367,999	$	3,329,972

	Thirteen weeks ended				Thirty-nine weeks ended
	September 27,		September 28,		September 27,		September 28,
	2025		2024		2025		2024
CAPITAL EXPENDITURES:
Infrastructure	$	37,794	$	16,719	$	92,167	$	46,911
Agriculture		3,410		2,682		8,856		5,200
Total segment capital expenditures		41,204		19,401		101,023		52,111
Unallocated corporate capital expenditures		720		1,104		3,207		1,722
Total capital expenditures	$	41,924	$	20,505	$	104,230	$	53,833

	Thirteen weeks ended				Thirty-nine weeks ended
	September 27,		September 28,		September 27,		September 28,
	2025		2024		2025		2024
DEPRECIATION AND AMORTIZATION:
Infrastructure	$	16,176	$	16,900	$	47,645	$	49,301
Agriculture		3,412		4,884		11,464		14,390
Total segment depreciation and amortization expense		19,588		21,784		59,109		63,691
Unallocated corporate depreciation and amortization expense		2,060		2,231		6,320		6,850
Total depreciation and amortization expense	$	21,648	$	24,015	$	65,429	$	70,541

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

	Thirteen weeks ended September 27, 2025						Thirty-nine weeks ended September 27, 2025
	Point in Time		Over Time		Total		Point in Time		Over Time		Total
Infrastructure	$	421,863	$	384,699	$	806,562	$	1,211,587	$	1,061,558	$	2,273,145
Agriculture		230,178		9,240		239,418		767,881		24,816		792,697
Total net sales	$	652,041	$	393,939	$	1,045,980	$	1,979,468	$	1,086,374	$	3,065,842

	Thirteen weeks ended September 28, 2024						Thirty-nine weeks ended September 28, 2024
	Point in Time		Over Time		Total		Point in Time		Over Time		Total
Infrastructure	$	421,042	$	335,328	$	756,370	$	1,241,229	$	996,304	$	2,237,533
Agriculture		254,854		8,951		263,805		776,625		23,582		800,207
Total net sales	$	675,896	$	344,279	$	1,020,175	$	2,017,854	$	1,019,886	$	3,037,740