v3.26.1
Inventory
6 Months Ended
Jun. 30, 2026
Inventory  
Inventory

3. Inventory

Inventory as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

June 30, 2026

December 31, 2025

Raw materials and supplies

$

338,210

$

350,910

Work-in-process

 

91,177

 

84,250

Finished goods

 

64,058

 

85,808

Inventory

$

493,445

$

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 $135.1 million and $151.9 million as of June 30, 2026 and December 31, 2025, respectively.