Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The tables that follow present information about our business segments, as well as the Unallocated Expenses category, and include a reconciliation to income (loss) before income taxes:


		For the Three Months Ended March 31, 2026
	(in thousands)	Subsea Robotics		Manufactured Products		OPG		IMDS		ADTech		Unallocated Expenses		Total

Revenue		$	214,273	$	143,648	$	135,376	$	67,884	$	131,248	$	—	$	692,429
Cost of services and products		144,333		107,642		106,967		61,187		114,879		30,151		565,159

Selling, general and administrative 1		14,432		9,921		10,065		7,695		8,258		19,111		69,482
Operating income (loss)		55,508		26,085		18,344		(998)		8,111		(49,262)		57,788
Interest income		—		—		—		—		—		5,061		5,061
Interest expense, net of amounts capitalized		—		—		—		—		—		(9,105)		(9,105)
Equity in income (losses) of unconsolidated affiliates		—		—		—		—		—		277		277
Other income (expense), net		—		—		—		—		—		808		808
Income (loss) before income taxes		$	55,508	$	26,085	$	18,344	$	(998)	$	8,111	$	(52,221)	$	54,829

Depreciation and amortization		$	13,718	$	2,774	$	4,755	$	1,942	$	1,006	$	2,976	$	27,171
Capital expenditures, including business acquisitions		$	8,523	$	1,082	$	2,401	$	2,241	$	1,347	$	1,811	$	17,405


1	For all reportable segments, Selling, general and administrative expense primarily includes payroll and related costs including subcontractors and temporary labor, lease and rental expense, maintenance and supplies expense, insurance expense and certain overhead expenses.


	March 31, 2026
(in thousands)	Subsea Robotics		Manufactured Products		OPG		IMDS		ADTech		Corporate and Other		Total

Assets	$	557,385	$	382,475	$	487,980	$	138,841	$	159,042	$	917,472	$	2,643,195
Property and Equipment, Net	$	209,683	$	60,128	$	140,614	$	14,417	$	8,744	$	11,344	$	444,930
Goodwill	$	23,893	$	—	$	—	$	16,439	$	10,454	$	—	$	50,786


		For the Three Months Ended March 31, 2025
	(in thousands)	Subsea Robotics		Manufactured Products		OPG		IMDS		ADTech		Unallocated Expenses		Total

Revenue		$	205,976	$	135,037	$	164,941	$	71,418	$	97,151	$	—	$	674,523
Cost of services and products		133,562		117,667		120,063		60,888		79,493		27,839		539,512
Selling, general and administrative 1		12,782		8,703		9,212		7,068		6,993		16,781		61,539
Operating income (loss)		59,632		8,667		35,666		3,462		10,665		(44,620)		73,472
Interest income		—		—		—		—		—		3,644		3,644
Interest expense, net of amounts capitalized		—		—		—		—		—		(9,075)		(9,075)
Equity in income (losses) of unconsolidated affiliates		—		—		—		—		—		362		362
Other income (expense), net		—		—		—		—		—		975		975
Income (loss) before income taxes		$	59,632	$	8,667	$	35,666	$	3,462	$	10,665	$	(48,714)	$	69,378

Depreciation and amortization		$	11,736	$	2,650	$	4,689	$	1,730	$	833	$	2,810	$	24,448
Capital expenditures, including business acquisitions		$	18,916	$	784	$	4,295	$	1,451	$	600	$	42	$	26,088


1	For all reportable segments, Selling, general and administrative expense primarily includes payroll and related costs including subcontractors and temporary labor, lease and rental expense, maintenance and supplies expense, insurance expense and certain overhead expenses.


	March 31, 2025
(in thousands)	Subsea Robotics		Manufactured Products		OPG		IMDS		ADTech		Corporate and Other		Total

Assets	$	493,890	$	345,894	$	502,808	$	128,670	$	144,178	$	659,583	$	2,275,023
Property and Equipment, Net	$	208,303	$	61,828	$	127,900	$	16,005	$	6,805	$	11,094	$	431,935
Goodwill	$	23,557	$	—	$	—	$	16,162	$	10,454	$	—	$	50,173