Sales

6 Months Ended

Aug. 31, 2023

Revenues [Abstract]

Sales

5. Sales

Disaggregated Sales

The following table presents disaggregated sales, for continuing operations, by customer industry (in thousands):

	Three Months Ended August 31,				Six Months Ended August 31,
	2023		2022		2023		2022
Sales:
Construction	$	216,807	$	220,657	$	422,337	$	289,882
Industrial	42,245		41,214		82,889		79,182
Consumer	34,673		38,340		70,258		45,421
Transportation	35,869		36,825		72,626		69,097
Electrical/Utility	25,905		24,172		51,312		46,452
Other (1)	43,043		45,502		89,993		83,810
Total Sales	$	398,542	$	406,710	$	789,415	$	613,844
(1) Other includes less significant markets, such as agriculture, recreation, petro-chem, AZZ Tubular products and sales from recycling.

See also Note 7 for sales information by operating segment.

Contract Assets and Liabilities

The timing of revenue 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. Our contract assets and contract liabilities are primarily related to the Company’s Precoat Metals segment. Customer billing can occur subsequent to revenue recognition, resulting in contract assets. In addition, the Company can receive advances or deposits from its customers, before revenue is 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.

As of August 31, 2023 and February 28, 2023, the balance for contract assets was $76.8 million and $79.3 million, respectively, primarily related to the AZZ Precoat Metals segment. Contract liabilities of $1.1 million and $1.3 million as of August 31, 2023 and February 28, 2023, respectively, are included in "Other accrued liabilities" in the consolidated balance sheets.