INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories at December 31 are as follows:

(In thousands)	2024		2023
Finished Goods	$	27,941	$	29,013
Work in Progress	31,927		32,118
Raw Material	139,873		130,670
Total Inventories	$	199,741	$	191,801

At December 31, 2024, the Company’s reserve for inventory valuation was $43.3 million, or 17.8% of gross inventory. At December 31, 2023, the Company’s reserve for inventory valuation was $38.5 million, or 16.7% of gross inventory.

As further described in Note 1, Summary of Significant Accounting Principles and Practices, the Company recorded a $1.7 million and $3.6 million reduction in inventory for customer bankruptcies within the Aerospace segment in 2024 and 2023, respectively.