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Note 16 - Industry Segment Information
 9 Months Ended
Mar. 31, 2023
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 two operating segments that manufacture and sell refrigerated, heated and dry merchandizing display cases 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 March 31,

 
  

Net Sales

  

Income from Operations

 
  

2023

  

2022

  

2023

  

2022

 

Industry segment:

                

Electronics

 $78,211  $79,889  $17,047  $19,194 

Engraving

  36,909   37,223   5,353   5,728 

Scientific

  18,898   18,914   4,561   4,155 

Engineering Technologies

  18,052   20,890   2,351   2,327 

Specialty Solutions

  32,262   32,365   7,151   3,632 

Corporate

  -   -   (8,520)  (8,961)

Restructuring costs

  -   -   (2,237)  (1,186)

Gain on sale of business

  -   -   62,105   - 

Acquisition related costs

  -   -   (21)  (419)

Other operating income (expense), net

  -   -   727   - 

Sub-total

 $184,332  $189,281  $88,517  $24,470 

Interest expense

          1,415   1,238 

Other non-operating (income) expense

          747   340 

Income from continuing operations before income taxes

         $86,355  $22,892 

 

  

Nine Months Ended March 31,

 
  

Net Sales

  

Income from Operations

 
  

2023

  

2022

  

2023

  

2022

 

Industry segment:

                

Electronics

 $225,966  $232,351  $52,160  $54,624 

Engraving

  109,622   109,037   17,580   15,806 

Scientific

  56,646   65,079   12,449   14,153 

Engineering Technologies

  59,244   56,558   7,957   5,540 

Specialty Solutions

  101,243   87,575   18,944   10,185 

Corporate

  -   -   (25,376)  (25,507)

Restructuring costs

  -   -   (3,330)  (2,469)

Gain on sale of business

  -   -   62,105   - 

Acquisition related costs

  -   -   (487)  (1,561)

Other operating income (expense), net

  -   -   611   (1,700)

Sub-total

 $552,721  $550,600  $142,613  $69,071 

Interest expense

          4,168   4,484 

Other non-operating (income) expense

          1,695   651 

Income from continuing operations before income taxes

         $136,750  $63,936 

 

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.