| Summary of Operational Results by Business Segments |
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements:
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Corporate |
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Total |
| 2025 |
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| Revenues |
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$ |
178,260 |
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$ |
25,247 |
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$ |
38,175 |
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$ |
96,657 |
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$ |
14,490 |
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$ |
352,829 |
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| Cost of revenues |
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155,204 |
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17,801 |
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29,861 |
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87,845 |
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10,199 |
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300,910 |
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| Gross profit |
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23,056 |
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7,446 |
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8,314 |
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8,812 |
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4,291 |
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51,919 |
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| Add: |
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| Earnings from unconsolidated entities |
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21 |
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— |
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— |
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240 |
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— |
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— |
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261 |
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| Less: |
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| Selling, general and administrative expenses |
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12,709 |
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2,735 |
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|
684 |
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4,976 |
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3,459 |
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13,925 |
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38,488 |
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| Loss on derivatives |
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409 |
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554 |
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372 |
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— |
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— |
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— |
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1,335 |
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| Interest expense, net of interest income |
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3,621 |
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|
843 |
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8,074 |
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(35) |
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— |
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5,951 |
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18,454 |
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| Other (income) expenses |
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(1,795) |
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|
178 |
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|
119 |
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677 |
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1 |
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(859) |
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(1,679) |
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| Income (loss) before income taxes |
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8,133 |
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3,136 |
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(935) |
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3,434 |
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831 |
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(19,017) |
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(4,418) |
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| Other Non-cash Segment Disclosures: |
Depreciation and intangible asset amortization (1)
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10,356 |
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4,871 |
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7,700 |
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524 |
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30 |
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459 |
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23,940 |
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Amortization of debt discount & debt issuance costs (1)
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581 |
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178 |
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119 |
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— |
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— |
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573 |
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1,451 |
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(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Corporate |
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Total |
| 2024 |
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| Revenues |
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$ |
138,285 |
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$ |
60,890 |
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$ |
32,859 |
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$ |
44,122 |
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$ |
22,250 |
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$ |
298,406 |
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| Cost of revenues |
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119,821 |
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50,874 |
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25,708 |
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40,360 |
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14,650 |
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251,413 |
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| Gross profit |
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18,464 |
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10,016 |
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7,151 |
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3,762 |
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7,600 |
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46,993 |
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| Add: |
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| Earnings from unconsolidated entities |
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4 |
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551 |
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— |
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— |
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— |
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— |
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|
555 |
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| Less: |
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| Selling, general and administrative expenses |
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11,760 |
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3,226 |
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486 |
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3,197 |
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5,157 |
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15,729 |
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39,555 |
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| Gain on derivatives |
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(1,256) |
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(795) |
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(308) |
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— |
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— |
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— |
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(2,359) |
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| Interest expense, net of interest income |
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1,697 |
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|
775 |
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5,682 |
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|
917 |
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— |
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5,164 |
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14,235 |
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| Other expenses |
|
674 |
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4 |
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|
115 |
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240 |
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12 |
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1,250 |
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2,295 |
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| Income (loss) before income taxes |
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5,593 |
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7,357 |
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1,176 |
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(592) |
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2,431 |
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(22,143) |
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(6,178) |
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| Other Non-cash Segment Disclosures: |
Depreciation and intangible asset amortization (1)
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8,073 |
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2,016 |
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7,196 |
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|
496 |
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596 |
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461 |
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18,838 |
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Amortization of debt discount & debt issuance costs (1)
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403 |
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5 |
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|
115 |
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— |
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— |
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459 |
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|
982 |
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(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
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