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Note 16 - Industry Segment Information
 3 Months Ended
Sep. 30, 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 September 30,

  
   

Net Sales

    

Income from Operations

  
   

2023

    

2022

    

2023

    

2022

  

Industry segment:

                                

Electronics

   $ 81,688     $ 75,199     $ 16,334     $ 18,141  

Engraving

     40,794       35,024       7,595       5,854  

Scientific

     18,193       18,456       4,930       3,723  

Engineering Technologies

     18,220       16,999       3,017       1,865  

Specialty Solutions

     25,879       34,922       5,617       6,077  

Corporate

     -       -       (8,443 )     (8,496 )

Restructuring costs

     -       -       (1,906 )     (582 )

Gain on sale of business

     -       -       274       -  

Acquisition related costs

     -       -       (501 )     (292 )

Sub-total

   $ 184,774     $ 180,600     $ 26,917     $ 26,290  

Interest expense

                     1,276       1,187  

Other non-operating (income) expense

                     846       1,018  

Income from continuing operations before income taxes

                   $ 24,795     $ 24,085  

 

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.