Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Summary of Segment Information
Summarized financial information for the Company’s reportable segments are presented and reconciled to consolidated financial information in the following tables (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
Net sales:
Fire safety
Products $ 65,998  $ 49,723  $ 89,990  $ 67,749 
Service and others 32,540  3,417  33,703  4,135 
Total fire safety 98,538  53,140  123,693  71,884 
Specialty products 28,738  22,997  62,627  48,111 
Total net sales $ 127,276  $ 76,137  $ 186,320  $ 119,995 
Segment Adjusted EBITDA:
Fire safety $ 55,639  $ 16,532  $ 55,398  $ 13,171 
Specialty products 9,269  4,458  21,646  10,935 
Total Segment Adjusted EBITDA 64,908  20,990  77,044  24,106 
Less:
Depreciation and amortization 16,359  16,130  32,771  32,217 
Interest and financing expense 10,590  10,344  21,238  20,490 
Founders advisory fees - related party 588  (60,026) 68,921  (84,262)
Non-recurring expenses 23  361  563  1,920 
Share-based compensation expense 2,994  1,195  4,736  (1,879)
Loss on contingent earn-out —  146  —  392 
Foreign currency loss (gain) 224  93  1,517  (628)
Income (loss) before income taxes $ 34,130  $ 52,747  $ (52,702) $ 55,856