v3.25.1
Revenue
 9 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Remaining Performance Obligations
We had $1.1 billion of remaining performance obligations yet to be satisfied as of March 31, 2025. We expect to recognize $606.5 million of our remaining performance obligations as revenue within the next twelve months.
Contract Balances
Contract terms with customers include the timing of billing and payments, which usually differs from the timing of revenue recognition. As a result, we carry contract assets and liabilities in our balance sheet. These contract assets and liabilities are calculated on a contract-by-contract basis and are classified as current. We present our contract assets in the balance sheet as Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts ("CIE"). CIE consists of revenue recognized in excess of billings. We present our contract liabilities in the balance sheet as Billings on Uncompleted Contracts in Excess of Costs and Estimated Earnings ("BIE"). BIE consists of billings in excess of revenue recognized. The following table provides information about CIE and BIE:
March 31,
2025		June 30,
2024		Change
 (In thousands)
Costs and estimated earnings in excess of billings on uncompleted contracts$38,567 $33,893 $4,674 
Billings on uncompleted contracts in excess of costs and estimated earnings(332,657)(171,308)(161,349)
Net contract liabilities$(294,090)$(137,415)$(156,675)
The difference between the beginning and ending balances of our CIE and BIE primarily results from the timing of revenue recognized relative to the billings on the associated contracts. The amount of revenue recognized during the nine months ended March 31, 2025 that was included in the June 30, 2024 BIE balance was $162.5 million.
Progress billings in accounts receivable at March 31, 2025 and June 30, 2024 included retentions to be collected within one year of $30.2 million and $11.6 million, respectively. Contract retentions collectible beyond one year are included in Other assets, non-current in the Condensed Consolidated Balance Sheets and totaled $51.3 million as of March 31, 2025 and $28.6 million as of June 30, 2024, respectively.
Unpriced Change Orders and Claims
Net contract liabilities included revenues for unpriced change orders and claims of $11.8 million at March 31, 2025 and $9.9 million at June 30, 2024. The amounts ultimately realized may be different than the recorded amounts resulting in adjustments to future earnings. Generally, we expect collection of amounts related to unpriced change orders and claims within twelve months. However, customers may not pay these amounts until final resolution of related claims, and therefore collection of these amounts may extend beyond one year.
Disaggregated Revenue
Revenue disaggregated by reportable segment is presented in Note 8 - Segment Information. The following series of tables presents revenue disaggregated by geographic area where the work was performed and by contract type:
Geographic Disaggregation:
 Three Months EndedNine Months Ended
 March 31,
2025		March 31,
2024		March 31,
2025		March 31,
2024
 (In thousands)
United States$188,256 $153,181 $516,967 $487,140 
Canada8,048 11,998 28,864 43,419 
Other international3,857 834 7,078 8,155 
Total Revenue$200,161 $166,013 $552,909 $538,714 

Contract Type Disaggregation:                                                                
 Three Months EndedNine Months Ended
 March 31,
2025		March 31,
2024		March 31,
2025		March 31,
2024
 (In thousands)
Fixed-price contracts$143,402 $90,878 $405,121 $305,346 
Time and materials and other cost reimbursable contracts56,759 75,135 147,788 233,368 
Total Revenue$200,161 $166,013 $552,909 $538,714