Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.26.1
Revenue Recognition
 6 Months Ended
Mar. 31, 2026
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, 2026 and 2025 were as follows:
  Memorialization Industrial Technologies Brand Solutions Consolidated
Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31,
2026 2025 2026 2025 2026 2025 2026 2025
North America $ 205,426  $ 196,987  $ 14,632  $ 30,858  $ —  $ 72,377  $ 220,058  $ 300,222 
Central and South America (1)
—  —  —  —  —  1,516  —  1,516 
Europe 6,671  6,091  27,008  48,717  —  50,330  33,679  105,138 
Australia 3,160  2,542  —  —  —  2,238  3,160  4,780 
Asia —  —  1,722  1,260  —  14,713  1,722  15,973 
Total Sales $ 215,257  $ 205,620  $ 43,362  $ 80,835  $ —  $ 141,174  $ 258,619  $ 427,629 

  Memorialization Industrial Technologies Brand Solutions Consolidated
Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31,
2026 2025 2026 2025 2026 2025 2026 2025
North America $ 400,958  $ 378,376  $ 43,046  $ 62,310  $ —  $ 134,179  $ 444,004  $ 574,865 
Central and South America (1)
—  —  —  —  —  2,638  —  2,638 
Europe 12,166  11,957  66,256  96,386  6,904  99,817  85,326  208,160 
Australia 6,308  5,773  —  —  —  4,605  6,308  10,378 
Asia —  —  3,075  2,672  4,669  30,758  7,744  33,430 
Total Sales $ 419,432  $ 396,106  $ 112,377  $ 161,368  $ 11,573  $ 271,997  $ 543,382  $ 829,471 
(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.
Note 3.   Revenue Recognition (continued)

Revenue recognized using the over time method accounted for approximately 2% and 13% of revenue for the three months ended March 31, 2026 and 2025, respectively and 6% and 13% of revenue for the six months ended March 31, 2026 and 2025, respectively. As of March 31, 2026 and September 30, 2025, the Company had net contract assets for projects recognized using the over time method totaling $98,547 and $99,700, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at March 31, 2026 and September 30, 2025 predominantly related to ongoing projects with Tesla, Inc. ("Tesla"). 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. Customer delays within the energy storage business have impacted the timing of projects, and consequently, have resulted in invoicing delays for this business.