Segment Information

3 Months Ended

Mar. 31, 2024

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company is organized into four reportable segments on the basis of the production processes, products and services provided by each segment, identified as follows:

(i)Renewables, which primarily includes designing, engineering, manufacturing and installation of solar racking and electrical balance of systems;

(ii)Residential, which primarily includes roof and foundation ventilation products, centralized mail systems and electronic package solutions, retractable awnings and gutter guards, rain dispersion products, trims and flashings and other accessories;

(iii)Agtech, which provides growing solutions including the designing, engineering, manufacturing and installation of greenhouses; and

(iv)Infrastructure, which primarily includes structural bearings, expansion joints and pavement sealant for bridges, airport runways and roadways, elastomeric concrete, and bridge cable protection systems.

When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics.

The following table illustrates certain measurements used by management to assess performance of the segments described above for the three months ended March 31, (in thousands):

	2024		2023
Net sales:
Renewables	$	51,496	$	59,205
Residential	185,111		179,495
Agtech	34,027		35,852
Infrastructure	21,872		18,715
Total net sales	$	292,506	$	293,267
Income from operations:
Renewables	$	1,644	$	2,269
Residential	34,346		29,509
Agtech	2,608		2,330
Infrastructure	4,896		2,714
Unallocated corporate expenses	(11,758)		(7,452)
Total income from operations	$	31,736	$	29,370

The following table illustrates the total assets of the Company's reportable segments and unallocated corporate assets as of (in thousands):

	March 31, 2024		December 31, 2023
Total assets:
Renewables	$	374,137	$	377,694
Residential	535,077		515,739
Agtech	165,488		168,213
Infrastructure	82,176		77,518
Unallocated corporate assets	162,979		117,287
	$	1,319,857	$	1,256,451

The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the (in thousands):

	Three Months Ended March 31, 2024
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	6,789	$	183,332	$	2,339	$	6,310	$	198,770
Over Time	44,707		1,779		31,688		15,562		93,736
Total net sales	$	51,496	$	185,111	$	34,027	$	21,872	$	292,506

	Three Months Ended March 31, 2023
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	9,094	$	177,942	$	5,107	$	6,061	$	198,204
Over Time	50,111		1,553		30,745		12,654		95,063
Total net sales	$	59,205	$	179,495	$	35,852	$	18,715	$	293,267