v3.26.3
Inventory
9 Months Ended
Sep. 30, 2026
Inventory  
Inventory

3. Inventory

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

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September 30, 2026

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December 31, 2025

Raw materials and supplies

$

367,963

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$

350,910

Work-in-process

 

70,573

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84,250

Finished goods

 

33,890

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85,808

Inventory

$

472,426

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$

520,968

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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 $123.2 million and $151.9 million as of September 30, 2026 and December 31, 2025, respectively.