Sales

6 Months Ended

Aug. 31, 2022

Revenues [Abstract]

Sales

Disaggregated Sales

The following table presents disaggregated sales by customer industry (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2022		2021		2022		2021
Sales:
Construction	$	220,657	$	30,231	$	289,882	$	65,163
Industrial	41,214		28,862		79,182		65,163
Consumer	38,340		—		45,421		—
Transportation	36,825		25,337		69,097		49,524
Electrical/Utility	24,172		15,996		46,452		39,098
Other	45,502		31,008		83,810		41,702
Total sales	$	406,710	$	131,434	$	613,844	$	260,650

See Note 6 for sales information by segment.

Contract Assets and Liabilities

The timing of sales recognition, billings and cash collections results in accounts receivable, contract assets (unbilled receivables), and contract liabilities (customer advances and deposits) on the consolidated balance sheets, primarily related to the AZZ Precoat Metals segment. The Company periodically receives advances or deposits from customers, before sales are recognized, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheets on a contract-by-contract basis at the end of each reporting period.

Contract assets and contract liabilities were $82.9 million and $1.6 million, respectively, as of August 31, 2022. The Company did not record any sales for the three or six months ended August 31, 2022 or 2021 related to performance obligations satisfied in prior periods.