Inventories |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | Inventories Inventories in the accompanying Consolidated Balance Sheets consisted of the following amounts as of June 30, 2026 and December 31, 2025 (in thousands):
The increase in inventories as of June 30, 2026, compared to December 31, 2025, was a result of: (a) advanced purchases of materials and equipment for use on specific construction projects, partially in an effort to mitigate the impact of long lead times, (b) an increase in raw materials on hand to support our fabrication facilities, and (c) higher levels of work in process inventory within our United States industrial services segment due to greater new build heat exchanger orders.
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