Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.25.1
Revenue Recognition
 6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition

The Company disaggregates revenue from contracts with customers by geography, as it believes geographic regions best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated sales by segment and region for the three and six months ended March 31, 2025 and 2024 were as follows:

  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31,
2025 2024 2025 2024 2025 2024 2025 2024
North America $ 196,987  $ 212,053  $ 30,858  $ 32,817  $ 72,377  $ 63,152  $ 300,222  $ 308,022 
Central and South America —  —  —  —  1,516  1,308  1,516  1,308 
Europe 6,091  7,907  48,717  81,579  50,330  52,731  105,138  142,217 
Australia 2,542  2,196  —  —  2,238  2,153  4,780  4,349 
Asia —  —  1,260  1,740  14,713  13,587  15,973  15,327 
Total Sales $ 205,620  $ 222,156  $ 80,835  $ 116,136  $ 141,174  $ 132,931  $ 427,629  $ 471,223 
Note 3.   Revenue Recognition (continued)

  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31,
2025 2024 2025 2024 2025 2024 2025 2024
North America $ 378,376  $ 409,218  $ 62,310  $ 65,956  $ 134,179  $ 125,872  $ 574,865  $ 601,046 
Central and South America —  —  —  —  2,638  2,562  2,638  2,562 
Europe 11,957  15,878  96,386  158,355  99,817  102,863  208,160  277,096 
Australia 5,773  5,131  —  —  4,605  4,324  10,378  9,455 
Asia —  —  2,672  3,199  30,758  27,851  33,430  31,050 
Total Sales $ 396,106  $ 430,227  $ 161,368  $ 227,510  $ 271,997  $ 263,472  $ 829,471  $ 921,209 

Revenue recognized using the over time method accounted for approximately 13% and 18% of revenue for the three months ended March 31, 2025 and 2024, respectively and 13% and 19% of revenue for the six months ended March 31, 2025 and 2024, respectively. As of March 31, 2025 and September 30, 2024, the Company had net contract assets for projects recognized using the over time method totaling $73,402 and $64,246, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at March 31, 2025 and September 30, 2024 predominantly related to ongoing projects with the Company's largest energy storage customer.