Annual report [Section 13 and 15(d), not S-K Item 405]

Note 16 - Segments - Summarized Financial Information of Reportable Segments (Details)

v3.25.4
Note 16 - Segments - Summarized Financial Information of Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 184,538 $ 162,121 $ 194,327 $ 115,067 $ 143,549 $ 129,398 $ 199,902 $ 95,655 $ 656,053 $ 568,504 $ 568,178
Selling, general, and administrative expense                 94,891 91,682 78,841
Other segment items                 463,255 397,473 421,215
Adjusted EBITDA                 97,907 79,349 68,122
Depreciation and amortization expense                 15,359 17,890 21,662
Assets 626,701       589,983       626,701 589,983 593,418
Capital Expenditures                 10,828 7,764 9,766
Interest expense - net                 (12,114) (15,260) (15,675)
Depreciation expense                 9,178 10,370 11,142
Amortization                 6,181 7,520 10,520
Gain on sale leaseback transaction                 0 (42,298) 0
Stock based compensation                 6,722 4,860 953
Restructuring and severance costs                 0 1,997 0
Asset Impairment Charges [1]                 0 1,224 0
Debt Modification Expense                 176 (0) (0)
Loss on extinguishment of debt                 156 0 0
Sale leaseback transaction fees                 0 5,257 0
Other charges (3) [2]                 1,874 1,268 598
Income before taxes 16,459 $ 10,412 [3] $ 34,145 $ 490 9,967 $ 41,740 $ 32,127 $ (9,943) 61,506 73,891 29,234
Work Truck Attachments [Member]                      
Revenue                 295,726 256,010 291,723
Selling, general, and administrative expense                 51,353 53,124 43,176
Other segment items [4]                 188,164 154,431 197,984
Adjusted EBITDA                 56,209 48,455 50,563
Depreciation and amortization expense                 7,701 9,844 13,431
Assets 388,094       367,979       388,094 367,979 392,920
Capital Expenditures                 6,861 5,493 6,459
Work Truck Solutions [Member]                      
Revenue                 360,327 312,494 276,455
Selling, general, and administrative expense                 43,538 38,558 35,665
Other segment items                 275,091 243,042 223,231
Adjusted EBITDA                 41,698 30,894 17,559
Depreciation and amortization expense                 7,658 8,046 8,231
Assets $ 238,607       $ 222,004       238,607 222,004 200,498
Capital Expenditures                 $ 3,967 $ 2,271 $ 3,307
[1] Reflects impairment charges taken on certain internally developed software in the year ended December 31, 2024.
[2] Reflects unrelated legal, severance and consulting fees, acquisition costs, insurance proceeds, CEO transition costs, and write downs of property, plant and equipment for the periods presented. Reflects $20 in inventory step up related to Venco Venturo included in cost of sales in the year ended December 31, 2025.
[3] Quarter was impacted by the gain on the sale leaseback transaction of $42,298, offset by $5,494 of associated transaction costs.
[4] Includes cost of sales, other (income) expense, and the addback of depreciation expense, stock based compensation, impairment charges, gain on sale leaseback transaction, CEO transition fees, and unrelated legal, severance, restructuring, and consulting fees for the periods presented.