Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.25.4
Revenue Recognition
3 Months Ended
Dec. 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 months ended December 31, 2025 and 2024 were as follows:

  Memorialization Industrial Technologies Brand Solutions Consolidated
Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31,
2025 2024 2025 2024 2025 2024 2025 2024
North America $ 195,532  $ 181,389  $ 28,414  $ 31,452  $ —  $ 61,802  $ 223,946  $ 274,643 
Central and South America (1)
—  —  —  —  —  1,122  —  1,122 
Europe 5,495  5,866  39,248  47,669  6,904  49,487  51,647  103,022 
Australia 3,148  3,231  —  —  —  2,367  3,148  5,598 
Asia —  —  1,353  1,412  4,669  16,045  6,022  17,457 
Total Sales $ 204,175  $ 190,486  $ 69,015  $ 80,533  $ 11,573  $ 130,823  $ 284,763  $ 401,842 

(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 11% and 12% of revenue for the three months ended December 31, 2025 and 2024, respectively. As of December 31, 2025 and September 30, 2025, the Company had net contract assets for projects recognized using the over time method totaling $109,834 and $99,700, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at December 31, 2025 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.