Revenue |
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| Revenue | NOTE 2 – REVENUE The following tables disaggregate total net sales by end market and geographic location:
The Company attributes revenues to individual countries based on the customer location to which finished products are shipped. International sales represented approximately 24% and 26% of total net sales for the first quarter of 2026 and 2025, respectively. On March 31, 2026, the Company had $247.9 million of remaining performance obligations, also referred to as backlog. The Company expects to recognize as revenue substantially all of its remaining performance obligations within one year. The Company’s contract assets and liabilities as of March 31, 2026 and December 31, 2025 were as follows:
Revenue recognized for the three months ended March 31, 2026 and 2025 that was included in the contract liabilities balance at the beginning of the period was $3.0 million and $4.4 million, respectively. |
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