INVENTORIES

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are made up of equipment purchased for resale, and materials utilized in the fabrication of industrial and wastewater equipment stated at lower of cost and net realizable value, primarily determined using the weighted average cost method. The Company reviews inventory and records provisions for the difference between cost and net realizable value arising from excess and obsolete items on hand based upon the aging of the inventories, market trends, and continued demand.

The carrying values of inventories are as follows (in thousands):

	March 31, 2025		December 31, 2024
Finished goods	$	93,859	$	89,780
Work in process	16,017		13,333
Inventories	$	109,876	$	103,113