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Revenue
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

3. Revenue

The following table disaggregates our net sales by product category:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Manufactured products

 

$

868,363

 

 

$

1,014,658

 

 

$

2,691,517

 

 

$

3,075,489

 

Windows, doors and millwork

 

 

989,916

 

 

 

1,086,981

 

 

 

2,962,268

 

 

 

3,238,405

 

Specialty building products and services

 

 

1,087,272

 

 

 

1,049,698

 

 

 

3,050,015

 

 

 

2,963,801

 

Lumber and lumber sheet goods

 

 

995,639

 

 

 

1,081,157

 

 

 

3,128,950

 

 

 

3,302,491

 

Net sales

 

$

3,941,190

 

 

$

4,232,494

 

 

$

11,832,750

 

 

$

12,580,186

 

 

As our product alignment continues to be refined, we have reclassified prior periods’ net sales by product category to conform to current period presentation. The impact to each of the prior periods’ net sales for manufactured products, windows, doors and millwork, specialty building products and services, and lumber and lumber sheet goods was 1.7%, 0.2%, -2.9% and 1.1%, respectively, for the three months ended September 30, 2024, and 1.4%, 0.2%, -3.6% and 1.8%, respectively, for the nine months ended September 30, 2024.

The timing of revenue recognition, invoicing and cash collection results in accounts receivable, unbilled receivables, contract assets and contract liabilities. Contract assets include unbilled amounts when the revenue recognized exceeds the amount billed to the customer, and amounts representing a right to payment from previous performance that is conditional on something other than passage of time, such as retainage. Contract liabilities consist of customer advances and deposits, and deferred revenue.

Through September 30, 2025, and 2024, we recognized as revenue substantially all of the contract liabilities balances outstanding as of December 31, 2024, and 2023, respectively.