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Backlog
Measures the value of booked but unshipped orders, offering a view of near-term revenue visibility and demand momentum. A growing backlog can signal strong future sales, while a shrinking or volatile backlog may point to execution issues or weakening demand.Backlog reversed a multi‑quarter decline with a sharp rebound in Q1 2026, corroborating management’s callout of AST order inflection, stronger Sealing orders and contributions from recent acquisitions — a clear underpinning for the raised 2026 guidance. That said, backlog is lumpy: revenue conversion hinges on ongoing qualification/capacity work and may be uneven across commercial vehicle and international pockets, so watch timing risk and near‑term margin pressure from integration and growth investments.
Date | Backlog |
|---|---|
Jun 30, 2026 | $432.20M |
Mar 31, 2026 | $357.70M |
Dec 31, 2025 | $256.70M |
Sep 30, 2025 | $249.40M |
Jun 30, 2025 | $273.80M |
Mar 31, 2025 | $259.10M |
Dec 31, 2024 | $240.60M |
Sep 30, 2024 | $241.60M |
Jun 30, 2024 | $241.90M |
Mar 31, 2024 | $242.80M |