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Backlog
Represents the value of unfulfilled orders, showing future revenue visibility and overall product demand strength.Backlog surged into a meaningful, >$1B position in 2023 but has rolled over since an early‑2024 peak, reducing near‑term revenue visibility and helping explain the modest guidance trim; that said, management’s $6.9B pipeline, strong Storage & Terminal wins and an electrical book‑to‑bill >1 support a credible path to rebuild bookings. The timing risk is real—recovery depends on converting mining, data center and power awards and stabilizing the weak Process & Industrial segment.
Date | Total Backlog |
|---|---|
Jun 30, 2026 | $953.20M |
Mar 31, 2026 | $1.03B |
Dec 31, 2025 | $1.13B |
Sep 30, 2025 | $1.16B |
Jun 30, 2025 | $1.38B |
Mar 31, 2025 | $1.41B |
Dec 31, 2024 | $1.31B |
Sep 30, 2024 | $1.41B |
Jun 30, 2024 | $1.43B |
Mar 31, 2024 | $1.45B |