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Sales
3 Months Ended
May 31, 2024
Revenues [Abstract]  
Sales
4. Disaggregated Sales
The following table presents disaggregated sales by customer industry (in thousands):
Three Months Ended May 31,
20242023
Sales:
Construction$228,512 $207,162 
Industrial40,076 39,087 
Transportation38,362 35,179 
Consumer35,385 35,179 
Utilities28,615 27,361 
Other (1)
42,258 46,905 
Total Sales$413,208 $390,873 
(1) Other includes less significant markets, such as agriculture, recreation, petro-chem, AZZ Tubular products and sales from recycling.
See also Note 6 for sales information by operating segment.
Contract Assets and Liabilities
The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets (unbilled receivables), and contract liabilities (customer advances and deposits) on the consolidated balance sheets. Our contract assets and contract liabilities are primarily related to the AZZ Precoat Metals segment. Customer billing can occur subsequent to revenue recognition, resulting in contract assets. In addition, we can receive advances from our customers, before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the consolidated balance sheets on a contract-by-contract basis at the end of each reporting period.
The increases or decreases in contract assets and contract liabilities during the three months ended May 31, 2024 were primarily due to normal timing differences between AZZ's performance and customer payments. As of May 31, 2024 and February 29, 2024, the balance for contract assets was $93.3 million and $79.3 million, respectively, primarily related to the AZZ Precoat Metals segment. Contract liabilities of $0.7 million and $1.0 million as of May 31, 2024 and February 29, 2024, respectively, are included in "Other accrued liabilities" in the consolidated balance sheets.