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Segment Information (Tables)
3 Months Ended
Mar. 29, 2024
Segment Reporting [Abstract]  
Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment

Revenue, gross profit, gross profit margin, operating income (loss), and depreciation and amortization expenses by reportable segment were as follows (in thousands, except percentage data):

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

Revenue

2024

 

 

2023

 

Precision Medicine and Manufacturing

$

65,234

 

 

$

69,528

 

Medical Solutions

 

102,452

 

 

 

77,640

 

Robotics and Automation

 

63,230

 

 

 

71,958

 

Total

$

230,916

 

 

$

219,126

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

Gross Profit

2024

 

 

2023

 

Precision Medicine and Manufacturing

$

31,784

 

 

$

34,333

 

Medical Solutions

 

39,391

 

 

 

31,886

 

Robotics and Automation

 

30,549

 

 

 

32,815

 

Unallocated Corporate and Shared Services

 

(1,308

)

 

 

(1,406

)

Total

$

100,416

 

 

$

97,628

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

Gross Profit Margin

2024

 

 

2023

 

Precision Medicine and Manufacturing

 

48.7

%

 

 

49.4

%

Medical Solutions

 

38.4

%

 

 

41.1

%

Robotics and Automation

 

48.3

%

 

 

45.6

%

Total

 

43.5

%

 

 

44.6

%

 

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

Operating Income (Loss)

2024

 

 

2023

 

Precision Medicine and Manufacturing

$

15,744

 

 

$

16,684

 

Medical Solutions

 

11,989

 

 

 

9,841

 

Robotics and Automation

 

12,216

 

 

 

12,000

 

Unallocated Corporate and Shared Services

 

(14,342

)

 

 

(12,213

)

Total

$

25,607

 

 

$

26,312

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

Depreciation and Amortization Expenses

2024

 

 

2023

 

Precision Medicine and Manufacturing

$

2,362

 

 

$

2,596

 

Medical Solutions

 

6,090

 

 

 

3,973

 

Robotics and Automation

 

4,001

 

 

 

4,845

 

Unallocated Corporate and Shared Services

 

476

 

 

 

317

 

Total

$

12,929

 

 

$

11,731

 

 

Schedule of Geographic Revenue

The Company aggregates geographic revenue based on the customer locations where products are shipped to. Revenue by geography was as follows (in thousands):

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

 

2024

 

 

2023

 

United States

$

117,081

 

 

$

103,842

 

Germany

 

33,181

 

 

 

34,862

 

Rest of Europe

 

30,971

 

 

 

29,365

 

China

 

17,071

 

 

 

17,798

 

Rest of Asia-Pacific

 

27,256

 

 

 

28,111

 

Other

 

5,356

 

 

 

5,148

 

Total

$

230,916

 

 

$

219,126

 

Revenue By End Market

The Company primarily operates in two end markets: the medical market and the advanced industrial market. Revenue by end market was approximately as follows:

 

Three Months Ended

 

 

March 29,

 

 

March 31,

 

 

2024

 

 

2023

 

Medical

 

55

%

 

 

54

%

Advanced Industrial

 

45

%

 

 

46

%

Total

 

100

%

 

 

100

%