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Note 17 - Industry Segment Information
 6 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

17)     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 December 31,

 
  

Net Sales

  

Income from Operations

 
  

2022

  

2021

  

2022

  

2021

 

Industry segment:

                

Electronics

 $72,556  $76,626  $16,972  $17,157 

Engraving

  37,689   36,644   6,373   5,204 

Scientific

  19,292   24,636   4,165   5,490 

Engineering Technologies

  24,193   18,095   3,741   2,314 

Specialty Solutions

  34,059   29,708   5,716   3,738 

Corporate

  -   -   (8,360)  (8,662)

Restructuring costs

  -   -   (511)  (843)

Acquisition related costs

  -   -   (174)  (925)

Other operating income (expense), net

  -   -   (116)  (1,700)

Sub-total

 $187,789  $185,709  $27,806  $21,773 

Interest expense

          1,566   1,526 

Other non-operating (income) expense

          (70)  288 

Income from continuing operations before income taxes

         $26,310  $19,959 

 

  

Six Months Ended December 31,

 
  

Net Sales

  

Income from Operations

 
  

2022

  

2021

  

2022

  

2021

 

Industry segment:

                

Electronics

 $147,755  $152,462  $35,113  $35,430 

Engraving

  72,713   71,814   12,227   10,078 

Scientific

  37,748   46,165   7,888   9,998 

Engineering Technologies

  41,192   35,668   5,606   3,213 

Specialty Solutions

  68,981   55,210   11,793   6,553 

Corporate

  -   -   (16,856)  (16,546)

Restructuring costs

  -   -   (1,093)  (1,283)

Acquisition related costs

  -   -   (466)  (1,142)

Other operating income (expense), net

  -   -   (116)  (1,700)

Sub-total

 $368,389  $361,319  $54,096  $44,601 

Interest expense

          2,753   3,246 

Other non-operating (income) expense

          948   311 

Income from continuing operations before income taxes

         $50,395  $41,044 

 

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.