Reconciliation Of Sales To Earnings Before Income Taxes by Segment |
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): | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2022 | | 2021 | | | | | Net sales: | | | | | | | | Renewables | $ | 78,783 | | | $ | 85,512 | | | | | | Residential | 179,485 | | | 140,217 | | | | | | Agtech | 42,428 | | | 46,739 | | | | | | Infrastructure | 17,169 | | | 15,124 | | | | | | Total net sales | $ | 317,865 | | | $ | 287,592 | | | | | | | | | | | | | | Income from operations: | | | | | | | | Renewables | $ | (6,984) | | | $ | (521) | | | | | | Residential | 33,435 | | | 22,934 | | | | | | Agtech | 31 | | | 929 | | | | | | Infrastructure | 1,181 | | | 2,037 | | | | | | Unallocated Corporate Expenses | (6,468) | | | (12,564) | | | | | | Total income from operations | $ | 21,195 | | | $ | 12,815 | | | | | |
| | | | | | | | | | | | | March 31, 2022 | | December 31, 2021 | Total assets: | | | | Renewables | $ | 436,054 | | | $ | 445,486 | | Residential | 487,457 | | | 453,469 | | Agtech | 214,176 | | | 212,038 | | Infrastructure | 85,187 | | | 82,662 | | Unallocated corporate assets | 19,466 | | | 21,246 | | | | | | | $ | 1,242,340 | | | $ | 1,214,901 | |
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Disaggregation of Revenue |
The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the three months ended March 31 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2022 | | Renewables | | Residential | | Agtech | | Infrastructure | | Total | Net sales: | | | | | | | | | | Point in Time | $ | 5,650 | | | $ | 178,131 | | | $ | 1,613 | | | $ | 6,303 | | | $ | 191,697 | | Over Time | 73,133 | | | 1,354 | | | 40,815 | | | 10,866 | | | 126,168 | | Total net sales | $ | 78,783 | | | $ | 179,485 | | | $ | 42,428 | | | $ | 17,169 | | | $ | 317,865 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2021 | | Renewables | | Residential | | Agtech | | Infrastructure | | Total | Net sales: | | | | | | | | | | Point in Time | $ | 6,971 | | | $ | 139,019 | | | $ | 5,143 | | | $ | 5,470 | | | $ | 156,603 | | Over Time | 78,541 | | | 1,198 | | | 41,596 | | | 9,654 | | | 130,989 | | Total net sales | $ | 85,512 | | | $ | 140,217 | | | $ | 46,739 | | | $ | 15,124 | | | $ | 287,592 | |
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