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Note 16 - Industry Segment Information

9 Months Ended

Mar. 31, 2024

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
		2024				2023				2024				2023
Industry segment:
Electronics		$	80,431			$	78,211			$	15,700			$	17,047
Engraving			36,297				36,909				6,260				5,353
Scientific			16,925				18,898				4,896				4,561
Engineering Technologies			20,098				18,052				3,524				2,351
Specialty Solutions			23,516				32,262				4,668				7,151
Corporate			-				-				(8,522	)			(8,520	)
Restructuring costs			-				-				(4,037	)			(2,237	)
Gain on sale of business			-				-				-				62,105
Acquisition related costs			-				-				(537	)			(21	)
Other operating income (expense), net			-				-				(110	)			727
Sub-total		$	177,267			$	184,332			$	21,842			$	88,517
Interest expense											949				1,415
Other non-operating (income) expense											627				747
Income from continuing operations before income taxes										$	20,266			$	86,355

		Nine Months Ended March 31,
		Net Sales								Income from Operations
		2024				2023				2024				2023
Industry segment:
Electronics		$	241,538			$	225,966			$	47,884			$	52,160
Engraving			117,936				109,622				22,765				17,580
Scientific			51,410				56,646				14,074				12,449
Engineering Technologies			58,205				59,244				9,946				7,957
Specialty Solutions			71,352				101,243				14,250				18,944
Corporate			-				-				(24,956	)			(25,376	)
Restructuring costs			-				-				(7,303	)			(3,330	)
Gain on sale of business			-				-				274				62,105
Acquisition related costs			-				-				(2,233	)			(487	)
Other operating income (expense), net			-				-				(110	)			611
Sub-total		$	540,441			$	552,721			$	74,591			$	142,613
Interest expense											3,244				4,168
Other non-operating (income) expense											1,805				1,695
Income from continuing operations before income taxes										$	69,542			$	136,750

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.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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