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Business Segments (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Reconciliation of Revenue from Segments to Consolidated

The operating results and assets of the Company’s reportable segments were as follows as of and for the year ended December 31, 2023:


	2023
	Net Sales		Segment Operating Profit		Segment Assets		Depreciation/Amortization		Expenditures for Long-Lived Assets
Rail, Technologies, and Services	$	312,160	$	11,940	$	157,023	$	5,172	$	1,915


Infrastructure Solutions	231,584		9,988		130,667		8,262		2,707
Total	$	543,744	$	21,928	$	287,690	$	13,434	$	4,622

Included in the Rail operating profit for the year ended December 31, 2023 was a $1,862 expense related to bad debt due to a customer filing for administrative protection and a $676 expense related to restructuring, both of which were within the Company’s UK based Technology Services and Solutions business.

The operating results and assets of the Company’s reportable segments were as follows as of and for the year ended December 31, 2022:


	2022
	Net Sales		Segment Operating Profit (Loss)		Segment Assets		Depreciation/Amortization		Expenditures for Long-Lived Assets
Rail, Technologies, and Services	$	300,592	$	11,454	$	172,111	$	5,620	$	1,218


Infrastructure Solutions	196,905		(9,132)		163,114		7,664		3,100
Total	$	497,497	$	2,322	$	335,225	$	13,284	$	4,318

Included in the Infrastructure operating loss for the year ended December 31, 2022 were pre-tax impairment charges of $8,016 associated with goodwill and intangible assets within the Steel Products business unit.

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Reconciliations of reportable segment net sales, profits, assets, depreciation/amortization, and expenditures for long-lived assets to the Company’s consolidated totals are as follows as of and for the years ended December 31:


	2023		2022
Income from operations:
Total segment operating profit	$	21,928	$	2,322
Interest expense - net	(5,528)		(3,340)
Other (expense) income - net	(3,666)		1,550

Corporate expense and other unallocated charges	(11,790)		(9,528)
Income (loss) before income taxes	$	944	$	(8,996)
Assets:
Total segment assets	$	287,690	$	335,225
Unallocated corporate assets	25,516		30,085

Assets	$	313,206	$	365,310
Depreciation/Amortization:
Total segment depreciation/amortization	$	13,434	$	13,284
Corporate depreciation/amortization	1,829		1,495
Depreciation/amortization	$	15,263	$	14,779
Expenditures for Long-Lived Assets:
Total segment expenditures for long-lived assets	$	4,622	$	4,318

Corporate expenditures for long-lived assets	311		3,315
Expenditures for long-lived assets	$	4,933	$	7,633

Schedule of Revenue from Customer by Major Geographical Region

The following table summarizes the Company’s sales by major geographic region in which the Company had operations for the years ended December 31:


	2023		2022
United States	$	463,936	$	378,339
Canada	24,925		38,489
United Kingdom	41,418		46,590
Other	13,465		34,079
Total net sales	$	543,744	$	497,497

Schedule of Reconciliation of Assets from Segment to Consolidated

The following table summarizes the Company’s long-lived assets by geographic region as of December 31:


	2023		2022
United States	$	73,260	$	82,846
Canada	56		110
United Kingdom	1,833		1,533
Other	850		855
Total property, plant, and equipment - net	$	75,999	$	85,344

Schedule of Revenues by Major Product Line

The following table summarizes the Company’s sales by major product and service line for the years ended December 31:


	December 31,
		2023		2022
Rail Products		$	205,797	$	202,559
Global Friction Management		63,946		54,811
Technology Services and Solutions		42,417		43,222
Rail, Technologies, and Services		312,160		300,592
Precast Concrete Products		136,458		104,212
Steel Products		95,126		92,693
Infrastructure Solutions		231,584		196,905
Total net sales		$	543,744	$	497,497