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Note 16 - Industry Segment Information
 6 Months Ended
Dec. 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 December 31,

 
  

Net Sales

  

Income from Operations

 
  

2023

  

2022

  

2023

  

2022

 

Industry segment:

                

Electronics

 $79,419  $72,556  $15,850  $16,972 

Engraving

  40,845   37,689   8,910   6,373 

Scientific

  16,292   19,292   4,248   4,165 

Engineering Technologies

  19,887   24,193   3,405   3,741 

Specialty Solutions

  21,957   34,059   3,965   5,716 

Corporate

  -   -   (7,991)  (8,360)

Restructuring costs

  -   -   (1,360)  (511)

Gain on sale of business

  -   -   -   - 

Acquisition related costs

  -   -   (1,195)  (174)

Other operating income (expense), net

  -   -   -   (116)

Sub-total

 $178,400  $187,789  $25,832  $27,806 

Interest expense

          1,019   1,566 

Other non-operating (income) expense

          332   (70)

Income from continuing operations before income taxes

         $24,481  $26,310 

 

  

Six Months Ended December 31,

 
  

Net Sales

  

Income from Operations

 
  

2023

  

2022

  

2023

  

2022

 

Industry segment:

                

Electronics

 $161,107  $147,755  $32,184  $35,113 

Engraving

  81,639   72,713   16,505   12,227 

Scientific

  34,485   37,748   9,178   7,888 

Engineering Technologies

  38,107   41,192   6,422   5,606 

Specialty Solutions

  47,836   68,981   9,582   11,793 

Corporate

  -   -   (16,434)  (16,856)

Restructuring costs

  -   -   (3,266)  (1,093)

Gain on sale of business

  -   -   274   - 

Acquisition related costs

  -   -   (1,696)  (466)

Other operating income (expense), net

  -   -   -   (116)

Sub-total

 $363,174  $368,389  $52,749  $54,096 

Interest expense

          2,295   2,753 

Other non-operating (income) expense

          1,178   948 

Income from continuing operations before income taxes

         $49,276  $50,395 

 

 

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.