v3.26.3
GOODWILL
9 Months Ended
Sep. 30, 2026
GOODWILL [Abstract]  
GOODWILL

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Note 7 — Goodwill:

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As described above in Note 2, “Business Combinations and Mergers,” 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.

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The changes in goodwill during the nine months ended September 30, 2026 were as follows:

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(Dollars in thousands)

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Amounts

Balance at December 31, 2025

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$

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Acquisition of TUKA

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7,624

Foreign currency translation adjustment

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(233)

Balance at September 30, 2026

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$

7,391

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