Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.25.2
Revenue Recognition
9 Months Ended
Jun. 30, 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 nine months ended June 30, 2025 and 2024 were as follows:
  Memorialization Industrial Technologies Brand Solutions Consolidated
Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30,
2025 2024 2025 2024 2025 2024 2025 2024
North America $ 194,959  $ 192,575  $ 32,886  $ 33,526  $ 24,996  $ 62,960  $ 252,841  $ 289,061 
Central and South America (1)
—  —  —  —  451  1,641  451  1,641 
Europe 5,717  7,496  53,372  56,558  24,303  50,671  83,392  114,725 
Australia 3,052  2,593  —  —  713  2,235  3,765  4,828 
Asia —  —  1,643  1,647  7,285  15,931  8,928  17,578 
Total Sales $ 203,728  $ 202,664  $ 87,901  $ 91,731  $ 57,748  $ 133,438  $ 349,377  $ 427,833 

  Memorialization Industrial Technologies Brand Solutions Consolidated
Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30,
2025 2024 2025 2024 2025 2024 2025 2024
North America $ 573,335  $ 601,793  $ 95,196  $ 99,482  $ 159,175  $ 188,832  $ 827,706  $ 890,107 
Central and South America (1)
—  —  —  —  3,089  4,203  3,089  4,203 
Europe 17,674  23,374  149,758  214,913  124,120  153,534  291,552  391,821 
Australia 8,825  7,724  —  —  5,318  6,559  14,143  14,283 
Asia —  —  4,315  4,846  38,043  43,782  42,358  48,628 
Total Sales $ 599,834  $ 632,891  $ 249,269  $ 319,241  $ 329,745  $ 396,910  $ 1,178,848  $ 1,349,042 

(1) Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America.

Revenue recognized using the over time method accounted for approximately 14% and 13% of revenue for the three months ended June 30, 2025 and 2024, respectively and 13% and 17% of revenue for the nine months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and September 30, 2024, the Company had net contract assets for projects recognized using the over time method totaling $70,159 and $64,246, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at June 30, 2025 and September 30, 2024 predominantly related to ongoing projects with the Company's largest energy storage customer.