REVENUE (Notes)

12 Months Ended

Oct. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE

Contract Balances

    Contract assets (unbilled receivables) represent revenue recognized on contracts using an over time recognition model in excess of amounts invoiced to the customer. Contract liabilities (deferred revenue) represent customer advances and billings in excess of revenue recognized and are included within accrued expenses and other current liabilities and other long-term liabilities in the Company’s Consolidated Balance Sheets.

The following table presents the Company’s contract assets and liabilities (in thousands):

	As of October 31,
	2025	2024
Contract assets, current	$119,257	$112,235
Contract liabilities, current	(79,529)	(83,903)
Contract liabilities, long-term	(84,714)	(61,843)
Total contract liabilities	(164,243)	(145,746)
Net contract liabilities	($44,986)	($33,511)

    The increase in the Company's total contract liabilities during fiscal 2025 principally reflects the receipt of advance deposits on certain customer contracts, mainly at the FSG.

The amount of revenue that the Company recognized during fiscal 2025 that was included in contract liabilities as of the beginning of fiscal 2025 was $74.9 million.

Remaining Performance Obligations

Backlog, which the Company believes to be the equivalent of its remaining performance obligations, represents contractually committed, or firm customer orders. As of October 31, 2025, the Company had $2,107.6 million of remaining performance obligations associated with firm contracts pertaining to many of the products offered by the FSG and ETG. The Company will recognize net sales as these obligations are satisfied. The Company expects to recognize $1,358.7 million of this amount during fiscal 2026 and $748.9 million thereafter, of which more than half is expected to occur in fiscal 2027.

Disaggregation of Revenue

    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands):

	Year Ended October 31,
	2025	2024	2023
Flight Support Group:
Aftermarket replacement parts (1)	$1,922,323	$1,658,431	$1,040,502
Repair and overhaul parts and services (2)	748,849	593,237	366,566
Specialty products (3)	446,105	387,686	363,117
Total net sales	3,117,277	2,639,354	1,770,185
Electronic Technologies Group:
Electronic component parts primarily for    defense, space and aerospace equipment (4)	1,142,207	1,004,511	918,374
Electronic component parts for equipment in various other industries (5)	270,913	259,115	306,848
Total net sales	1,413,120	1,263,626	1,225,222
Intersegment sales	(45,353)	(45,311)	(27,302)
Total consolidated net sales	$4,485,044	$3,857,669	$2,968,105

(1)    Includes various jet engine and aircraft component replacement parts.

(2)    Includes primarily the sale of parts consumed in various repair and overhaul services on selected jet engine and aircraft components, avionics, instruments, composites and flight surfaces of commercial and military aircraft.

(3)    Includes primarily the sale of specialty components such as thermal insulation blankets, renewable/reusable insulation systems, advanced niche components, complex composite assemblies, expanded foil mesh, emergency descent devices, personnel and cargo parachute products, and missile hardware and components, as well as machining, brazing, fabricating and welding services.

(4)    Includes various component parts such as electro-optical infrared simulation and test equipment, electro-optical laser products, electro-optical, microwave and other power equipment, high-speed interface products, power conversion products, power distribution solutions, underwater locator beacons, emergency locator transmission beacons, traveling wave tube amplifiers, microwave power modules, a wide variety of memory products and radio frequency (RF) and microwave products, crashworthy and ballistically self-sealing auxiliary fuel systems, high performance communications and electronic intercept receivers and tuners, high performance active antenna systems and airborne antennas, technical surveillance countermeasures (TSCM) equipment, custom high power filters and filter assemblies, radiation assurance services and products, and high-reliability, complex, passive electronic components and rotary joint assemblies, proprietary in-cabin power and entertainment components and subsystems, and cockpit displays and other avionics components.

(5)    Includes various component parts such as electromagnetic and radio frequency interference shielding, high voltage interconnection devices, high voltage advanced power electronics, harsh environment connectivity products, custom molded cable assemblies, silicone material for a variety of demanding applications, and rugged small form-factor embedded computing solutions, and high performance test sockets and adaptors.

The following table summarizes the Company’s net sales by industry for each operating segment (in thousands):

	Year ended October 31,
	2025	2024	2023
Flight Support Group:
Aerospace	$2,369,255	$1,960,705	$1,257,650
Defense and Space	686,865	600,806	434,229
Other (1)	61,157	77,843	78,306
Total net sales	3,117,277	2,639,354	1,770,185
Electronic Technologies Group:
Defense and Space	716,550	650,647	603,414
Other (2)	421,011	394,932	438,189
Aerospace	275,559	218,047	183,619
Total net sales	1,413,120	1,263,626	1,225,222
Intersegment sales	(45,353)	(45,311)	(27,302)
Total consolidated net sales	$4,485,044	$3,857,669	$2,968,105

(1)    Principally industrial products.

(2)    Principally other electronics and medical products.