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Operations by Industry Segment and Geographic Area
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Operations by Industry Segment and Geographic Area Operations by Industry Segment and Geographic Area
The Company has two operating and reportable segments, each of which comprise sites based upon the nature of the products or services produced, the type of customer for the products, the similarity of economic characteristics, the manner in which management reviews results and the nature of the production process, among other considerations. The accounting policies of the reportable segments are the same as those described in Note 1, Basis of Presentation and Significant Accounting Policies. Intersegment sales and transfers between foreign subsidiaries are valued at prices comparable to those for unrelated parties.

Segment Operating Adjusted EBITDA is the measure of segment profit or loss used by the Company's Chief Executive Officer ("CEO"), who is the CODM, to evaluate performance and allocate resources to the reportable segments. The CODM uses this measure to allocate resources, including headcount, financial resources and capital resources, for each segment, predominantly in the annual budgeting process. Additionally, Segment Operating Adjusted EBITDA is believed to strongly correlate with shareholder returns and is, therefore, included as a key component in the compensation of certain employees. This metric is used to monitor actual results versus budget and forecast on a monthly basis to assess segment performance as compared to expectations. Segment Operating Adjusted EBITDA is defined as net income or loss before the impact of interest income or expense, income taxes, depreciation and amortization and certain other adjustments that are not considered by the CODM in the evaluation of ongoing operating performance.

A brief description of each segment is as follows:

Infrastructure Solutions - Sites within the Infrastructure Solutions segment design, engineer, manufacture and market a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, including industrial automation controls and telematics platforms, as well as supply asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. The sites based in North America within the Infrastructure Solutions segment are primarily manufacturing operations, while those located outside of North America generally service and install equipment and provide parts in the regions in which they operate for many of the products produced by all of the Company's manufacturing sites. The primary purchasers of the products produced by this segment are asphalt and concrete producers, highway and heavy
equipment contractors, commercial and residential paving contractors, utility contractors, forestry and environmental recycling contractors and domestic and foreign governmental agencies.

Materials Solutions - Sites within the Materials Solutions segment design and manufacture heavy equipment used in aggregate and minerals processing operations in addition to servicing, rebuilding and supplying parts. These operations support civil construction, energy, mining, hydro, recycling, ports, forestry and bulk handling markets. The sites within the Materials Solutions segment are primarily manufacturing operations, with sites in Australia, Canada, Chile, Sweden and Thailand functioning to market, service and install equipment and provide parts in the regions in which they operate for many of the products produced by all the Company's manufacturing sites. Additionally, the Materials Solutions segment offers consulting and engineering services to provide complete "turnkey" processing systems. The principal purchasers of aggregate processing equipment include distributors, highway and heavy equipment contractors, sand and gravel producers, demolition, recycling and crushing contractors, open mine operators, quarry operators, port and inland terminal authorities, power stations and foreign and domestic governmental agencies. The acquired TerraSource business is included in the Material Solutions segment.

Asset information for the Company's reportable segments is set forth below:

September 30, 2025December 31, 2024
(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotal
Reportable segment assets$1,156.4 $1,144.8 $2,301.2 $1,095.8 $772.3 $1,868.1 
Revenue, significant expense and capital expenditure information for the Company's reportable segments is set forth below:

Three Months Ended September 30, 2025Three Months Ended September 30, 2024
(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotal
Reportable segment revenues:
Revenues from external customers$193.2 $156.9 $350.1 $165.0 $126.4 $291.4 
Intersegment revenues7.2 1.5 8.7 25.7 1.4 27.1 
Total revenues - reportable segments$200.4 $158.4 $358.8 $190.7 $127.8 $318.5 
Significant reportable segment expenses:
Manufacturing operation costs:
Equipment$86.4 $63.4 $149.8 $80.2 $67.3 $147.5 
Parts26.0 29.7 55.7 24.2 21.1 45.3 
Other26.0 19.1 45.1 36.9 8.5 45.4 
General and administrative12.8 13.1 25.9 12.4 4.8 17.2 
Sales and marketing10.2 10.1 20.3 9.8 6.6 16.4 
Quality costs (1)
5.4 2.9 8.3 4.2 2.9 7.1 
Research and development4.0 2.3 6.3 3.6 2.0 5.6 
Inventory period costs (2)
6.0 2.4 8.4 3.8 0.5 4.3 
Other segment items (3)
(0.3)— (0.3)— (0.4)(0.4)
Reportable Segment Operating Adjusted EBITDA$23.9 $15.4 $39.3 $15.6 $14.5 $30.1 
Reportable segment capital expenditures$2.7 $1.5 $4.2 $2.0 $0.6 $2.6 
(1) Quality costs related to repair or other remediation expenses incurred for corrective action on product failures covered by warranties or voluntarily for certain warranty-type expenses occurring after the normal warranty period expires to help protect the reputation of the Company's products and maintain the goodwill of customers.
(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales.
(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expenses.
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotal
Reportable segment revenues:
Revenues from external customers$633.8 $376.0 $1,009.8 $588.6 $357.5 $946.1 
Intersegment revenues25.4 4.5 29.9 41.4 2.8 44.2 
Total revenues - reportable segments$659.2 $380.5 $1,039.7 $630.0 $360.3 $990.3 
Significant reportable segment expenses:
Manufacturing operation costs:
Equipment$279.9 $170.3 $450.2 $281.1 $180.0 $461.1 
Parts90.4 67.7 158.1 92.1 60.9 153.0 
Other72.5 38.1 110.6 82.6 27.5 110.1 
General and administrative41.0 28.9 69.9 40.7 20.9 61.6 
Sales and marketing32.7 23.1 55.8 34.2 20.8 55.0 
Quality costs (1)
18.3 7.8 26.1 11.0 9.3 20.3 
Research and development12.6 6.5 19.1 11.7 5.8 17.5 
Inventory period costs (2)
13.1 5.4 18.5 8.2 5.7 13.9 
Other segment items (3)
(0.3)(2.1)(2.4)— (0.6)(0.6)
Reportable Segment Operating Adjusted EBITDA$99.0 $34.8 $133.8 $68.4 $30.0 $98.4 
Reportable segment capital expenditures$8.6 $3.1 $11.7 $11.9 $3.9 $15.8 
(1) Quality costs related to repair or other remediation expenses incurred for corrective action on product failures covered by warranties or voluntarily for certain warranty-type expenses occurring after the normal warranty period expires to help protect the reputation of the Company's products and maintain the goodwill of customers.
(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales.
(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expenses.
The reconciliation of Reportable Segment Operating Adjusted EBITDA to total "(Loss) income before income taxes" is set forth below:

Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Segment Operating Adjusted EBITDA - reportable segments$39.3 $30.1 $133.8 $98.4 
Corporate and Other expenses(12.2)(12.7)(37.8)(34.5)
Transformation program(5.2)(8.4)(15.5)(25.8)
Restructuring and other related charges0.2 (8.4)0.2 (9.4)
Goodwill impairment— — $— (20.2)
Gain on sale of property and equipment, net— — 0.1 1.1 
Transaction costs(8.3)— (10.5)— 
Interest expense, net(6.6)(2.1)(8.5)(6.9)
Depreciation and amortization(12.3)(7.0)(24.7)(20.1)
Net income (loss) attributable to noncontrolling interest— — 0.1 (0.1)
(Loss) income before income taxes$(5.1)$(8.5)$37.2 $(17.5)

"Net sales" into major geographic regions, attributable to the shipping location or the location where service was performed, were as follows:

Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
United States$280.4 $211.2 $816.2 $726.5 
Canada16.6 10.9 49.6 52.5 
Australia8.3 25.0 27.5 44.3 
Africa10.9 9.1 27.4 30.3 
Brazil8.8 8.5 25.1 19.9 
Europe7.0 7.5 22.0 24.2 
Asia8.9 2.7 19.3 10.3 
South America (Excluding Brazil)4.8 3.8 11.2 12.0 
Mexico2.9 11.2 7.4 22.1 
Central America (Excluding Mexico)0.6 1.1 1.2 2.5 
Other0.9 0.4 2.9 1.5 
Total foreign69.7 80.2 193.6 219.6 
Total net sales$350.1 $291.4 $1,009.8 $946.1