| Revenue We disaggregate our revenue by product line and geographic region of our customers as we believe these metrics best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (In millions) | | PRODUCT LINE | | | | | | | | | Supply technologies | $ | 161.3 | | | $ | 173.8 | | | $ | 322.4 | | | $ | 341.4 | | | Engineered specialty fasteners and other products | 25.8 | | | 28.8 | | | 52.5 | | | 58.1 | | | Supply Technologies Segment | 187.1 | | | 202.6 | | | 374.9 | | | 399.5 | | | | | | | | | | | Fuel, rubber and plastic products | 95.1 | | | 103.1 | | | 192.0 | | | 210.3 | | | Assembly Components Segment | 95.1 | | | 103.1 | | | 192.0 | | | 210.3 | | | | | | | | | | | Industrial equipment | 92.1 | | | 93.8 | | | 182.1 | | | 173.2 | | | Forged and machined products | 25.8 | | | 33.1 | | | 56.5 | | | 67.2 | | | Engineered Products Segment | 117.9 | | | 126.9 | | | 238.6 | | | 240.4 | | | | | | | | | | | Total revenues | $ | 400.1 | | | $ | 432.6 | | | $ | 805.5 | | | $ | 850.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Supply Technologies Segment | | Assembly Components Segment | | Engineered Products Segment | | Total Revenues | | (In millions) | | Three Months Ended June 30, 2025 | | | | | | GEOGRAPHIC REGION | | | | | | United States | $ | 104.4 | | | $ | 60.0 | | | $ | 75.2 | | | $ | 239.6 | | | Europe | 41.1 | | | 3.9 | | | 15.9 | | | 60.9 | | | Asia | 18.8 | | | 8.2 | | | 16.5 | | | 43.5 | | | Mexico | 18.3 | | | 14.0 | | | 4.5 | | | 36.8 | | | Canada | 2.9 | | | 7.9 | | | 5.4 | | | 16.2 | | | Other | 1.6 | | | 1.1 | | | 0.4 | | | 3.1 | | | Total | $ | 187.1 | | | $ | 95.1 | | | $ | 117.9 | | | $ | 400.1 | | | | | | | | Three Months Ended June 30, 2024 | | | | | | GEOGRAPHIC REGION | | | | | | United States | $ | 119.5 | | | $ | 68.6 | | | $ | 70.2 | | | $ | 258.3 | | | Europe | 39.8 | | | 4.2 | | | 21.2 | | | 65.2 | | | Asia | 19.6 | | | 8.0 | | | 20.3 | | | 47.9 | | | Mexico | 19.5 | | | 13.2 | | | 5.8 | | | 38.5 | | | Canada | 4.0 | | | 8.0 | | | 5.4 | | | 17.4 | | | Other | 0.2 | | | 1.1 | | | 4.0 | | | 5.3 | | | Total | $ | 202.6 | | | $ | 103.1 | | | $ | 126.9 | | | $ | 432.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Supply Technologies Segment | | Assembly Components Segment | | Engineered Products Segment | | Total Revenues | | (In millions) | | Six Months Ended June 30, 2025 | | | | | | GEOGRAPHIC REGION | | | | | | United States | $ | 213.0 | | | $ | 120.1 | | | $ | 142.4 | | | $ | 475.5 | | | Europe | 81.5 | | | 8.3 | | | 30.8 | | | 120.6 | | | Asia | 36.5 | | | 16.6 | | | 36.7 | | | 89.8 | | | Mexico | 35.8 | | | 29.1 | | | 10.0 | | | 74.9 | | | Canada | 6.0 | | | 15.7 | | | 14.6 | | | 36.3 | | | Other | 2.1 | | | 2.2 | | | 4.1 | | | 8.4 | | | Total | $ | 374.9 | | | $ | 192.0 | | | $ | 238.6 | | | $ | 805.5 | | | | | | | | Six Months Ended June 30, 2024 | | | | | | GEOGRAPHIC REGION | | | | | | United States | $ | 233.0 | | | $ | 140.1 | | | $ | 133.9 | | | $ | 507.0 | | | Europe | 78.8 | | | 8.7 | | | 40.1 | | | 127.6 | | | Asia | 40.3 | | | 16.5 | | | 35.2 | | | 92.0 | | | Mexico | 38.9 | | | 26.9 | | | 9.5 | | | 75.3 | | | Canada | 7.8 | | | 15.9 | | | 13.2 | | | 36.9 | | | Other | 0.7 | | | 2.2 | | | 8.5 | | | 11.4 | | | Total | $ | 399.5 | | | $ | 210.3 | | | $ | 240.4 | | | $ | 850.2 | |
For over time arrangements, contract assets primarily relate to revenue recognized in advance of billings to customers under long-term contracts accounted for under percentage of completion. These amounts, which totaled $50.6 million and $45.3 million at June 30, 2025 and December 31, 2024, respectively, are recorded in Other current assets in the Condensed Consolidated Balance Sheets.
For over time arrangements, contract liabilities primarily relate to advances or deposits received from the Company’s customers before revenue is recognized. These amounts, which totaled $43.4 million and $53.1 million at June 30, 2025 and December 31, 2024, respectively, are recorded in Accrued expenses and other in the Condensed Consolidated Balance Sheets.
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