Annual report [Section 13 and 15(d), not S-K Item 405]

INVENTORIES

v3.25.4
INVENTORIES
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories at December 31 are as follows:
(In thousands) 2025 2024
Finished Goods $ 32,838  $ 27,941 
Work in Progress 38,686  31,927 
Raw Material 125,336  139,873 
Total Inventories $ 196,860  $ 199,741 
At December 31, 2025, the Company’s reserve for inventory valuation was $48.7 million, or 19.8% of gross inventory. At December 31, 2024, the Company’s reserve for inventory valuation was $43.3 million, or 17.8% of gross inventory.
As further described in Note 1, Summary of Significant Accounting Principles and Practices, the Company recorded a $5.8 million reduction in inventory in the year ended December 31, 2025 in connection with simplification initiatives.