| 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 years ended September 30, 2025, 2024 and 2023 were as follows:
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North America |
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Central and South America (1)
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Europe |
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Australia |
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Asia |
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Consolidated |
| Memorialization: |
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| 2025 |
$ |
774,246 |
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$ |
— |
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$ |
23,135 |
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$ |
12,133 |
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$ |
— |
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$ |
809,514 |
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| 2024 |
788,918 |
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— |
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30,446 |
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10,367 |
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— |
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829,731 |
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| 2023 |
799,153 |
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— |
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32,745 |
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11,099 |
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— |
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842,997 |
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| Industrial Technologies: |
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| 2025 |
$ |
136,662 |
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$ |
— |
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$ |
199,254 |
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$ |
— |
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$ |
6,313 |
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$ |
342,229 |
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| 2024 |
141,395 |
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— |
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284,987 |
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— |
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6,774 |
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433,156 |
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| 2023 |
164,334 |
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— |
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333,759 |
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— |
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7,658 |
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505,751 |
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| Brand Solutions: |
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| 2025 |
$ |
159,176 |
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$ |
3,089 |
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$ |
134,688 |
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$ |
5,318 |
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$ |
43,675 |
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$ |
345,946 |
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| 2024 |
252,210 |
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5,456 |
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206,763 |
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9,147 |
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59,274 |
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532,850 |
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| 2023 |
255,751 |
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5,260 |
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206,232 |
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8,814 |
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56,091 |
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532,148 |
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| Consolidated: |
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| 2025 |
$ |
1,070,084 |
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$ |
3,089 |
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$ |
357,077 |
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$ |
17,451 |
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$ |
49,988 |
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$ |
1,497,689 |
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| 2024 |
1,182,523 |
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5,456 |
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522,196 |
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19,514 |
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66,048 |
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1,795,737 |
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| 2023 |
1,219,238 |
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5,260 |
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572,736 |
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19,913 |
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63,749 |
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1,880,896 |
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(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%, 18%, and 15% of revenue for the years ended September 30, 2025, 2024, and 2023, respectively. As of September 30, 2025 and 2024, the Company had net contract assets for projects recognized using the over time method totaling $99,700 and $64,246, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at September 30, 2025 and 2024 predominantly related to ongoing projects with the Company's largest energy storage customer. Unbilled revenues are generally expected to be invoiced upon the attainment of certain contractual conditions and milestones. The Company continues to perform according to the general terms and conditions of its contractual arrangements with Tesla, Inc. ("Tesla"). Customer delays within the energy storage business have impacted the timing of projects, and consequently, have resulted in invoicing delays for this business.
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