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Note 15 - Business Segment Information
12 Months Ended
Sep. 27, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(15) Business Segment Information

 

Our operations are entirely focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Our concrete reinforcing products consist of two product lines: PC strand and WWR. Based on the criteria specified in ASC Topic 280, “Segment Reporting”, we have one reportable segment.

 

The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM assesses performance and allocates resources based on consolidated net earnings. This measure of profitability is utilized to assess growth opportunities, including those through organic growth initiatives, capital expenditures and acquisitions; manage and control expenses and efficiency within our operations; and evaluate shareholder return strategies, including dividend payments and repurchases of common stock.

 

Significant expenses include cost of sales and SG&A expense which are each presented on the Company’s consolidated statement of operations. The measure of segment assets is reported on the consolidated balance sheet as total assets, which are located in the U.S.

 

Our net sales by geographic region are as follows:

 

   

Year Ended

 
   

September 27,

   

September 28,

   

September 30,

 

(In thousands)

 

2025

   

2024

   

2023

 

Net sales:

                       

United States

  $ 644,022     $ 526,696     $ 643,156  

Foreign

    3,684       2,502       6,032  

Total

  $ 647,706     $ 529,198     $ 649,188  

 

Our sales by product line are as follows:

 

   

Year Ended

 
   

September 27,

   

September 28,

   

September 30,

 

(In thousands)

 

2025

   

2024

   

2023

 

Net sales:

                       

Welded wire reinforcement

  $ 424,526     $ 305,769     $ 375,771  

Prestressed concrete strand

    223,180       223,429       273,417  

Total

  $ 647,706     $ 529,198     $ 649,188  

 

There were no customers that accounted for 10% or more of our net sales in 2025, 2024 or 2023.