Business Segments

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segments

Note 19 – Business Segments

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Net sales:
Forged and Cast Engineered Products	$	77,581		$	79,578		$	154,379		$	154,337
Air and Liquid Processing		29,630			23,004			57,635			42,671
Total Reportable Segments	$	107,211		$	102,582		$	212,014		$	197,008
Income before income taxes:
Forged and Cast Engineered Products (1)	$	3,904		$	2,275		$	6,128		$	1,877
Air and Liquid Processing		2,977			2,599			5,930			5,260
Total Reportable Segments		6,881			4,874			12,058			7,137
Other expense, including corporate costs		(5,733	)		(1,559	)		(9,612	)		(3,853	)
Total	$	1,148		$	3,315		$	2,446		$	3,284

(1) Income before income taxes for Forged and Cast Engineered Products for the three and six months ended June 30, 2023 includes proceeds of approximately $1,874 for the reimbursement of past energy costs at one of the Corporation's foreign operations by its local government. No future performance or conditions exist related to the reimbursement and, currently, no further reimbursements are expected.