v3.26.1
Goodwill
3 Months Ended
Mar. 31, 2026
Goodwill [Abstract]  
Goodwill

Note 7 — Goodwill:

As described above in Note 2, “Business Combinations,” on January 27, 2026, the Company acquired CMB.Tech’s 50% equity interest in TUKA and recognized $7.6 million of goodwill at the time of acquisition.

The changes in goodwill during the quarter ended March 31, 2026 were as follows:

(Dollars in thousands)

Amounts

Balance at December 31, 2025

$

Acquisition of TUKA

7,624

Foreign currency translation adjustment

(252)

Balance at March 31, 2026

$

7,372