Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.26.1
Revenue Recognition
 9 Months Ended
Jun. 30, 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 nine months ended June 30, 2026 and 2025 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,
2026 2025 2026 2025 2026 2025 2026 2025
North America $ 198,975  $ 194,959  $ 14,972  $ 32,886  $ —  $ 24,996  $ 213,947  $ 252,841 
Central / South America (1)
—  —  —  —  —  451  —  451 
Europe 5,698  5,717  21,286  53,372  —  24,303  26,984  83,392 
Australia 3,387  3,052  —  —  —  713  3,387  3,765 
Asia —  —  1,698  1,643  —  7,285  1,698  8,928 
Total Sales $ 208,060  $ 203,728  $ 37,956  $ 87,901  $ —  $ 57,748  $ 246,016  $ 349,377 

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,
2026 2025 2026 2025 2026 2025 2026 2025
North America $ 599,933  $ 573,335  $ 58,018  $ 95,196  $ —  $ 159,175  $ 657,951  $ 827,706 
Central / South America (1)
—  —  —  —  —  3,089  —  3,089 
Europe 17,864  17,674  87,542  149,758  6,904  124,120  112,310  291,552 
Australia 9,695  8,825  —  —  —  5,318  9,695  14,143 
Asia —  —  4,773  4,315  4,669  38,043  9,442  42,358 
Total Sales $ 627,492  $ 599,834  $ 150,333  $ 249,269  $ 11,573  $ 329,745  $ 789,398  $ 1,178,848 
(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 5% and 14% of revenue for the three months ended June 30, 2026 and 2025, respectively and 6% and 13% of revenue for the nine months ended June 30, 2026 and 2025, respectively. As of June 30, 2026 and September 30, 2025, the Company had net contract assets for projects recognized using the over time method totaling $98,055 and $99,700, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at June 30, 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.