v3.26.1
Inventory
3 Months Ended
Mar. 31, 2026
Inventory  
Inventory

3. Inventory

Inventory as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):

March 31,

  ​ ​ ​

December 31,

2026

2025

Raw materials and supplies

$

347,034

$

350,910

Work-in-process

 

95,582

 

84,250

Finished goods

 

73,537

 

85,808

Inventory

$

516,153

$

520,968

Inventory is comprised of raw materials and supplies, work-in-process, and finished goods. The Company has recorded reductions to inventory comprising excess and obsolete items and related lower of cost or net realizable value adjustments of $149.0 million and $151.9 million as of March 31, 2026 and December 31, 2025, respectively.