Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The operating results of the Company’s reportable segments were as follows as of and for the years ended December 31:

	2024
	Rail, Technologies, and Services		Infrastructure Solutions		Total
Net sales	$	326,869	$	203,896	$	530,765
Less:
Cost of sales	(254,400)		(158,303)		(412,703)
Selling and administrative employment costs	(32,002)		(23,868)		(55,870)
Purchased services(1)	(7,410)		(6,336)		(13,746)
General administrative costs(2)	(7,796)		(4,735)		(12,531)
Amortization expense	(3,349)		(1,279)		(4,628)
Segment operating income	$	21,912	$	9,375	$	31,287
Reconciliation of segment operating income
Total segment operating income					$	31,287
Gain on sales of former joint venture facility					3,477
Interest expense - net					(4,992)
Other expense - net					(1,076)
Public company costs					(5,755)
Corporate executive management costs					(5,726)
Corporate management stock-based compensation					(2,065)
Other corporate expenses					(705)
Income before income taxes					$	14,445

(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services.

(2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures.

	2023
	Rail, Technologies, and Services		Infrastructure Solutions		Total
Net sales	$	312,160	$	231,584	$	543,744
Less:
Cost of sales	(247,126)		(184,574)		(431,700)
Selling and administrative employment costs	(33,181)		(25,007)		(58,188)
Purchased services(1)	(7,264)		(6,397)		(13,661)
General administrative costs(2)	(9,011)		(4,942)		(13,953)
Amortization expense	(3,272)		(2,042)		(5,314)
Segment operating income	$	12,306	$	8,622	$	20,928
Reconciliation of segment operating income
Total segment operating income					$	20,928
Interest expense - net					(5,528)
Other expense - net					(2,635)
Public company costs					(4,814)
Corporate executive management costs					(3,807)
Corporate management stock-based compensation					(2,816)
Other corporate expenses					(384)
Income before income taxes					$	944

(1) Purchased services costs include contractor services, insurance expenditures, rental expense, and legal services.

(2) General administrative costs generally include office supplies, utilities, advertising, bad debt expense, depreciation and restructuring expenditures.

Reconciliations of reportable segment assets, depreciation and amortization, and expenditures for long-lived assets to the Company’s consolidated totals are as follows as of and for the years ended December 31:

	2024
		Segment Assets		Depreciation/Amortization		Expenditures for Long-Lived Assets
Rail, Technologies, and Services		$	158,859	$	4,793	$	2,032
Infrastructure Solutions		123,755		7,417		6,366
Reportable segment total		282,614		12,210		8,398
Corporate		51,936		1,870		1,393
Total		$	334,550	$	14,080	$	9,791

	2023
		Segment Assets		Depreciation/Amortization		Expenditures for Long-Lived Assets
Rail, Technologies, and Services		$	156,638	$	5,172	$	1,165
Infrastructure Solutions		130,247		8,262		2,349
Reportable segments total		286,885		13,434		3,514
Corporate		25,516		1,829		999
Total		$	312,401	$	15,263	$	4,513

Schedule of Revenue from Customer by Major Geographical Region

The following table summarizes the Company’s sales by major geographic region in which the Company had operations for the years ended December 31:

	2024		2023
United States	$	454,694	$	463,936
Canada	22,088		24,925
United Kingdom	44,086		41,418
Other	9,897		13,465
Total net sales	$	530,765	$	543,744

Long-Lived Assets by Geographic Areas

The following table summarizes the Company’s long-lived assets by geographic region as of December 31:

	2024		2023
United States	$	72,899	$	72,840
Canada	151		56
United Kingdom	1,765		1,833
Other	559		850
Total property, plant, and equipment - net	$	75,374	$	75,579

Schedule of Reconciliation of Revenue from Segments to Consolidated

The following table summarizes the Company’s sales by major product and service line for the years ended December 31:

	December 31,
	2024		2023
Rail Products	$	207,696	$	205,797
Global Friction Management	65,984		63,946
Technology Services and Solutions	53,189		42,417
Rail, Technologies, and Services	326,869		312,160
Precast Concrete Products	136,043		136,458
Steel Products	67,853		95,126
Infrastructure Solutions	203,896		231,584
Total net sales	$	530,765	$	543,744