[1]	(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note (3) "Discontinued Operations".

Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash flows from operating activities:

Net income (loss)

$ 57,578

$ (5,776)

^[1]

Adjustments to reconcile net income (loss) to net cash used in operating activities:

Depreciation and amortization

36,721

19,540

^[1]

Amortization of debt issuance cost

1,270

1,067

^[1]

Deferred taxes

9,447

(3,474)

^[1]

Stock-based compensation

8,664

6,663

^[1]

Impairment and loss on sale of business segments

47,203

^[1]

Loss on sale of property and equipment

223

^[1]

Gain on settlement of corporate-owned life insurance

(357)

^[1]

Interest income on note receivable

(1,382)

^[1]

Earn-out receivable fair value adjustment

5,900

^[1]

Loss on debt extinguishment

4,473

^[1]

Changes in operating assets and liabilities, net of impact of acquisitions:

Receivables

(9,532)

(30,051)

^[1]

Contract assets

(3,831)

(2,969)

^[1]

Inventories

(115,617)

(25,478)

^[1]

Prepaid expenses and other current assets and other assets

(5,410)

(26,144)

^[1]

Operating lease assets and liabilities, net

1,889

(1,573)

^[1]

Accounts payable and deferred compensation

(21,804)

(13,724)

^[1]

Accrued expenses and other liabilities

2,961

(5,935)

^[1]

Net cash used in operating activities

(34,707)

(34,741)

^[1]

Cash flows from investing activities:

Purchases of property and equipment

(15,327)

(8,464)

^[1]

Proceeds from the sale of business segments, net of cash divested

138,816

^[1]

Cash paid for acquisitions, net of cash acquired

(1,766,844)

(47,739)

^[1]

Purchases of intangible assets

(14,707)

^[1]

Proceeds from corporate-owned life insurance settlements

760

^[1]

Net cash (used in) provided by investing activities

(1,796,118)

82,613

^[1]

Cash flows from financing activities:

Borrowings on bank credit facilities, net of creditor fees

934,357

624,881

^[1]

Repayments on bank credit facilities

(343,523)

(674,381)

^[1]

Repayments on amortizing notes

(5,299)

^[1]

Proceeds from issuance of common stock, net

829,676

463

^[1]

Proceeds from issuance of tangible equity units, net

444,908

^[1]

Payment of debt financing costs

(7,909)

(2,584)

^[1]

Payment of taxes for equity transactions

(9,119)

(4,248)

^[1]

Dividends paid

(5,146)

(4,127)

^[1]

Other

(984)

^[1]

Net cash provided by (used in) financing activities

1,836,961

(59,996)

^[1]

Effect of exchange rate changes on cash and cash equivalents

(134)

^[1]

Net increase (decrease) in cash and cash equivalents

6,002

(12,124)

^[1]

Cash and cash equivalents, beginning of period

69,358

29,030

^[1]

Cash and cash equivalents, end of period

75,360

16,906

^[1]

Supplemental disclosure of noncash investing and financing activities:

In-kind equity purchase consideration from acquisition

238,002

Earn-out obligation purchase consideration from acquisition

33,850

Note receivable from the sale of business segment

25,000

Earn-out receivable from the sale of business segment

$ 0

$ 29,200

[1]	(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note (3) "Discontinued Operations".

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 75,360	$ 69,358
Receivables (net of allowance of $7.8 million and $7.2 million, respectively)	274,628	190,732
Contract assets	59,488	41,468
Inventories	867,124	553,834
Prepaid expenses and other current assets	48,872	37,937
Total current assets	1,325,472	893,329
Noncurrent assets:
Property and equipment (net of accumulated depreciation of $43.1 million and $34.2 million, respectively)	166,548	91,098
Intangible assets (net of accumulated amortization of $130.2 million and $100.2 million, respectively)	952,090	295,962
Goodwill	1,810,424	641,242
Operating lease right-of-use assets	92,321	50,151
Note receivable	28,423	27,041
Other assets	22,128	29,755
Total assets	4,397,406	2,028,578
Current liabilities:
Current portion of long-term debt	32,004	7,500
Accounts payable	187,068	154,506
Accrued expenses and other current liabilities	96,077	73,161
Dividends payable	2,806	2,339
Earn-out obligation	33,850	0
Total current liabilities	351,805	237,506
Noncurrent liabilities:
Long-term debt, net of current portion	914,953	285,304
Deferred compensation	5,114	5,918
Long-term operating lease obligations	78,643	43,693
Deferred tax liabilities	104,583	12,394
Other long-term liabilities	8,872	4,955
Total liabilities	1,463,970	589,770
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock, par value $0.05 per share, authorized 44,000,000 shares; issued and outstanding 28,062,020 and 23,398,046, respectively	1,403	1,170
Additional paid-in capital	2,484,138	1,041,483
Retained earnings	447,608	395,643
Accumulated other comprehensive income	287	512
Total stockholders' equity	2,933,436	1,438,808
Total liabilities and stockholders' equity	$ 4,397,406	$ 2,028,578