Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of performance of reportable segments

The following table presents financial information of each segment that is used by the CODM to assess the performance of segments for three months ended March 31, 2026 and 2025:


(in thousands)	North America		Europe		Asia/ Pacific		Administrative & All Other		Total
Three months ended March 31, 2026
Net sales	$	461,925	$	121,047	$	4,992	$	—	$	587,964
Wood Products	393,174		100,127		4,363		—		497,664
Concrete Products	67,632		20,920		575		—		89,127
Cost of sales	241,192		77,101		3,196		584		322,073
Gross profit	220,733		43,946		1,796		(584)		265,891
Research and development, and other engineering expenses	15,912		2,553		166		—		18,631
Selling expenses	39,727		13,773		963		—		54,463
General and administrative expenses	46,789		19,941		468		10,364		77,562
Sales to other segments *	867		175		6,937		—		7,979
Income (loss) from operations	118,310		7,091		243		(11,027)		114,617
Depreciation and amortization	15,614		8,872		441		815		25,742
Significant non-cash charges	4,336		433		173		110		5,052
Provision for income taxes	25,542		1,756		255		529		28,082
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments	12,976		2,528		204		3,768		19,476
Total assets	$	2,238,220	$	797,737	$	48,433	$	(40,983)	$	3,043,407


(in thousands)	North America		Europe		Asia/ Pacific		Administrative & All Other		Total
Three months ended March 31, 2025
Net sales	$	420,699	$	113,860	$	4,336	$	—	$	538,895
Wood Products	361,926		93,875		3,641		—		459,442
Concrete Products	57,002		19,985		696		—		77,683
Cost of sales	211,271		73,838		2,611		609		288,329
Gross profit	209,428		40,022		1,725		(609)		250,566
Research and development, and other engineering expenses	17,508		2,132		199		—		19,839
Selling expenses	41,062		12,307		795		—		54,164
General and administrative expenses	46,018		16,277		371		11,526		74,192
Sales to other segments *	739		2,189		8,634		—		11,562
Income (loss) from operations	104,848		9,309		358		(12,196)		102,319
Depreciation and amortization	10,935		7,691		567		—		19,193
Significant non-cash charges	4,829		638		68		942		6,477
Provision for income taxes	23,170		2,942		363		121		26,596
Business Acquisition; capital expenditures; asset acquisitions, net of cash acquired; and equity investments	43,508		3,108		150		3,399		50,165
Total assets	$	2,150,075	$	730,238	$	48,668	$	(106,025)	$	2,822,956

Schedule of net sales distributed by product group

The following table illustrates the distribution of the Company’s net sales by product group as additional information for the three and three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
(in thousands)	2026		2025
Wood construction products	$	497,664	$	459,442
Concrete construction products	89,127		77,683
Other	1,173		1,770
Total	$	587,964	$	538,895