Goodwill

3 Months Ended

Mar. 31, 2026

Goodwill [Abstract]

Goodwill

Note 7 — Goodwill:

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

The changes in goodwill during the quarter ended March 31, 2026 were as follows:

(Dollars in thousands)		Amounts
Balance at December 31, 2025	$	—
Acquisition of TUKA		7,624
Foreign currency translation adjustment		(252)
Balance at March 31, 2026	$	7,372