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Segment Information (Tables)
3 Months Ended
Jul. 27, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The tables below present information about the Company’s reportable segments:

 

 

Three Months Ended July 27, 2024

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations/
Corporate

 

 

Consolidated

 

Net sales

 

$

136.7

 

 

$

117.1

 

 

$

12.2

 

 

$

 

 

$

(7.5

)

 

$

258.5

 

Transfers between segments

 

 

(1.9

)

 

 

(5.6

)

 

 

 

 

 

 

 

 

7.5

 

 

 

 

Net sales to unaffiliated customers

 

$

134.8

 

 

$

111.5

 

 

$

12.2

 

 

$

 

 

$

 

 

$

258.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income from operations

 

$

(5.7

)

 

$

16.9

 

 

$

1.9

 

 

$

-

 

 

$

(20.6

)

 

$

(7.5

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.8

 

Other expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.8

 

Pre-tax loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(13.1

)

 

 

 

Three Months Ended July 29, 2023

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations
/Corporate

 

 

Consolidated

 

Net sales

 

$

161.1

 

 

$

122.6

 

 

$

15.3

 

 

$

0.8

 

 

$

(10.1

)

 

$

289.7

 

Transfers between segments

 

 

(2.8

)

 

 

(7.2

)

 

 

(0.1

)

 

 

 

 

 

10.1

 

 

 

 

Net sales to unaffiliated customers

 

$

158.3

 

 

$

115.4

 

 

$

15.2

 

 

$

0.8

 

 

$

 

 

$

289.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

(2.8

)

 

$

24.2

 

 

$

2.9

 

 

$

(2.2

)

 

$

(18.3

)

 

$

3.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.8

 

Other expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1.0

 

 

(in millions)

 

July 27, 2024

 

 

April 27, 2024

 

Identifiable assets:

 

 

 

 

 

 

Automotive

 

$

621.1

 

 

$

592.7

 

Industrial

 

 

606.4

 

 

 

604.5

 

Interface

 

 

65.1

 

 

 

67.1

 

Medical

 

 

0.2

 

 

 

0.2

 

Eliminations/Corporate

 

 

85.1

 

 

 

139.0

 

Total identifiable assets

 

$

1,377.9

 

 

$

1,403.5