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v3.24.2

Revenue (Tables) | 9 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Asset and Liabilities | Contract assets and liabilities as of June 30, 2024 and September 30, 2023 are summarized below (in thousands):
| June 30, 2024 |  | September 30, 2023
Contract assets | $ | 90,955 |  |  | $ | 60,621 |
Contract liabilities | (282,924) |  |  | (279,796) |
Net contract liability | $ | (191,969) |  |  | $ | (219,175) |
Schedule of Disaggregation of Revenue | The following tables present our disaggregated revenue by geographic destination and market sector for the three and nine months ended June 30, 2024 and 2023 (in thousands):
| Three months ended June 30, |  | Nine months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 243,744 |  |  | $ | 153,258 |  |  | $ | 620,537 |  |  | $ | 387,531 |
Canada | 29,695 |  |  | 21,765 |  |  | 74,205 |  |  | 62,255 |
Europe | 9,464 |  |  | 8,038 |  |  | 24,261 |  |  | 20,125 |
Middle East and Africa | 2,322 |  |  | 3,966 |  |  | 8,400 |  |  | 10,396 |
Mexico, Central and South America | 1,962 |  |  | 3,000 |  |  | 6,778 |  |  | 5,457 |
Asia/Pacific | 981 |  |  | 2,338 |  |  | 3,112 |  |  | 4,903 |
Total revenues by geographic destination | $ | 288,168 |  |  | $ | 192,365 |  |  | $ | 737,293 |  |  | $ | 490,667 |
| Three months ended June 30, |  | Nine months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Oil and gas (excludes petrochemical) | $ | 114,336 |  |  | $ | 73,452 |  |  | $ | 301,792 |  |  | $ | 179,560 |
Petrochemical | 56,784 |  |  | 21,995 |  |  | 135,221 |  |  | 70,372 |
Electric utility | 57,009 |  |  | 43,824 |  |  | 145,214 |  |  | 114,899 |
Commercial and other industrial | 42,044 |  |  | 35,527 |  |  | 101,610 |  |  | 74,846 |
Light rail traction power | 5,322 |  |  | 7,143 |  |  | 14,184 |  |  | 21,532 |
All others | 12,673 |  |  | 10,424 |  |  | 39,272 |  |  | 29,458 |
Total revenues by market sector | $ | 288,168 |  |  | $ | 192,365 |  |  | $ | 737,293 |  |  | $ | 490,667 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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