Note 16 - Industry Segment Information

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

16)     Industry Segment Information

The Company has five reportable segments organized around the types of products sold:

• Electronics – manufactures and sells electronic components for applications throughout the end user market spectrum;

• Engraving – provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for a number of industries; 

• Scientific – sells specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets; 

• Engineering Technologies – provides net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets; 

• Specialty Solutions – an aggregation of three operating segments that manufacture and sell refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, and single and double acting telescopic and piston rod hydraulic cylinders. 

Net sales and income (loss) from continuing operations by segment were as follows (in thousands):

	Three Months Ended September 30,
	Net Sales				Income from Operations
	2022		2021		2022			2021
Industry segment:
Electronics	$	75,199	$	75,836	$	18,141		$	18,273
Engraving		35,024		35,170		5,854			4,874
Scientific		18,456		21,529		3,723			4,508
Engineering Technologies		16,999		17,573		1,865			899
Specialty Solutions		34,922		25,502		6,077			2,815
Corporate		-		-		(8,496	)		(7,884	)
Restructuring costs		-		-		(582	)		(440	)
Acquisition related costs		-		-		(292	)		(217	)
Sub-total	$	180,600	$	175,610	$	26,290		$	22,828
Interest expense						1,187			1,720
Other non-operating (income) expense						1,018			23
Income from continuing operations before income taxes					$	24,085		$	21,085

Net sales include only transactions with unaffiliated customers and include no intersegment sales. Income (loss) from operations by segment excludes interest expense and other non-operating (income) expense.