v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

3. Revenue

The following table disaggregates our net sales by product category:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Manufactured products

 

$

953,075

 

 

$

1,056,066

 

 

$

1,803,373

 

 

$

2,035,238

 

Windows, doors and millwork

 

 

1,030,005

 

 

 

1,114,911

 

 

 

1,958,766

 

 

 

2,145,328

 

Specialty building products and services

 

 

1,117,754

 

 

 

1,093,696

 

 

 

2,023,106

 

 

 

1,996,410

 

Lumber and lumber sheet goods

 

 

1,133,230

 

 

 

1,191,667

 

 

 

2,106,315

 

 

 

2,170,716

 

Net sales

 

$

4,234,064

 

 

$

4,456,340

 

 

$

7,891,560

 

 

$

8,347,692

 

 

 

As our product alignment continues to be refined, we have reclassified prior periods net sales by product category to conform to current period presentation. The impact to each of the prior periods’ net sales for each product category was less than 1% for the three and six months ended June 30, 2024.

The timing of revenue recognition, invoicing and cash collection results in accounts receivable, unbilled receivables, contract assets and contract liabilities. Contract assets include unbilled amounts when the revenue recognized exceeds the amount billed to the customer, and amounts representing a right to payment from previous performance that is conditional on something other than passage of time, such as retainage. Contract liabilities consist of customer advances and deposits, and deferred revenue.

Through June 30, 2025, and 2024, we recognized as revenue approximately 84% and 86% of the contract liabilities balances outstanding as of December 31, 2024, and 2023, respectively.