Backlog disclosure changed from annual to quarterly reporting
The company began disclosing order backlog on a quarterly basis in its latest 10-Q, a change from prior annual-only disclosure. Backlog stated at $4.18B versus $3.91B in the prior comparable disclosure.
JMUSY Analysis
The disclosure cadence change is the notable item, not the backlog level itself. More frequent backlog reporting reduces the information gap between reporting periods and should be treated as a change in disclosure policy when comparing to prior periods.
