| Summary of Net Sales by End Market |
Net sales by end market were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Commercial Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial aerospace OEM |
|
$ |
37,160 |
|
|
$ |
19,440 |
|
|
$ |
68,681 |
|
|
$ |
35,504 |
|
Commercial aerospace aftermarket |
|
|
46,256 |
|
|
|
34,836 |
|
|
|
89,771 |
|
|
|
67,239 |
|
Total commercial aerospace |
|
|
83,416 |
|
|
|
54,276 |
|
|
|
158,452 |
|
|
|
102,743 |
|
Business jet & general aviation OEM |
|
|
20,304 |
|
|
|
17,895 |
|
|
|
39,937 |
|
|
|
37,318 |
|
Business jet & general aviation aftermarket |
|
|
13,099 |
|
|
|
12,267 |
|
|
|
24,165 |
|
|
|
23,702 |
|
Total business jet & general aviation |
|
|
33,403 |
|
|
|
30,162 |
|
|
|
64,102 |
|
|
|
61,020 |
|
Total commercial OEM |
|
|
57,464 |
|
|
|
37,335 |
|
|
|
108,618 |
|
|
|
72,822 |
|
Total commercial aftermarket |
|
|
59,355 |
|
|
|
47,103 |
|
|
|
113,936 |
|
|
|
90,941 |
|
Total commercial |
|
|
116,819 |
|
|
|
84,438 |
|
|
|
222,554 |
|
|
|
163,763 |
|
Defense Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
Total defense OEM |
|
|
26,971 |
|
|
|
14,332 |
|
|
|
50,013 |
|
|
|
26,058 |
|
Total defense aftermarket |
|
|
18,062 |
|
|
|
17,139 |
|
|
|
35,669 |
|
|
|
34,195 |
|
Total defense |
|
|
45,033 |
|
|
|
31,471 |
|
|
|
85,682 |
|
|
|
60,253 |
|
Other Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
Total other OEM |
|
|
5,001 |
|
|
|
2,655 |
|
|
|
9,769 |
|
|
|
5,521 |
|
Total other aftermarket |
|
|
4,726 |
|
|
|
4,559 |
|
|
|
9,662 |
|
|
|
8,245 |
|
Total other |
|
|
9,727 |
|
|
|
7,214 |
|
|
|
19,431 |
|
|
|
13,766 |
|
Net Sales |
|
$ |
171,579 |
|
|
$ |
123,123 |
|
|
|
327,667 |
|
|
$ |
237,782 |
|
|
| Summary of Contract Liabilities |
The Company's contract liabilities consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Contract liabilities, current (1) |
|
$ |
8,261 |
|
|
$ |
4,227 |
|
Contract liabilities, long-term |
|
|
— |
|
|
|
— |
|
Total contract liabilities |
|
$ |
8,261 |
|
|
$ |
4,227 |
|
(1) Included in accrued expenses and other current liabilities on the condensed consolidated balance sheets.
|