Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.24.2.u1
Revenue Recognition
 9 Months Ended
Jun. 30, 2024
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, 2024 and 2023 were as follows:

  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30,
2024 2023 2024 2023 2024 2023 2024 2023
North America $ 192,575  $ 197,309  $ 33,526  $ 43,924  $ 62,960  $ 63,000  $ 289,061  $ 304,233 
Central and South America —  —  —  —  1,641  1,342  1,641  1,342 
Europe 7,496  8,468  56,558  84,577  50,671  51,532  114,725  144,577 
Australia 2,593  2,951  —  —  2,235  2,020  4,828  4,971 
Asia —  —  1,647  2,032  15,931  14,753  17,578  16,785 
Total Sales $ 202,664  $ 208,728  $ 91,731  $ 130,533  $ 133,438  $ 132,647  $ 427,833  $ 471,908 


  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30,
2024 2023 2024 2023 2024 2023 2024 2023
North America $ 601,793  $ 604,386  $ 99,482  $ 121,900  $ 188,832  $ 192,904  $ 890,107  $ 919,190 
Central and South America —  —  —  —  4,203  3,674  4,203  3,674 
Europe 23,374  25,293  214,913  237,847  153,534  152,990  391,821  416,130 
Australia 7,724  8,440  —  —  6,559  6,535  14,283  14,975 
Asia —  —  4,846  5,443  43,782  41,316  48,628  46,759 
Total Sales $ 632,891  $ 638,119  $ 319,241  $ 365,190  $ 396,910  $ 397,419  $ 1,349,042  $ 1,400,728 

Revenue from products or services provided to customers over time accounted for approximately 13% and 17% of revenue for the three months ended June 30, 2024 and 2023, respectively and 17% and 14% of revenue for the nine months ended June 30, 2024 and 2023, respectively. As of June 30, 2024 and September 30, 2023, the Company had net contract assets for projects recognized using the over time method totaling $63,874 and $37,711, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at June 30, 2024 predominantly related to ongoing projects with the Company's largest energy storage customer.