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Segment Information
 6 Months Ended
Jun. 28, 2025
Segment Information  
Segment Information

Note P - Segment Information

 

The Company has one reportable segment, and the Chief Executive Officer is the Company’s chief operating decision maker (CODM). The CODM uses the following reported measures to assess performance and make decisions on resource allocation throughout the Company.

 

 

 

 Engineered Solutions Segment

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28, 2025

 

 

June 29, 2024

 

 

June 28, 2025

 

 

June 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$70,164,086

 

 

$72,564,231

 

 

$136,101,298

 

 

$139,798,820

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Material cost

 

 

(37,051,351)

 

 

(36,074,003)

 

 

(71,561,763)

 

 

(70,976,809)

Labor cost

 

 

(3,507,414)

 

 

(4,405,029)

 

 

(7,522,727)

 

 

(8,162,714)

Other variable and fixed overhead¹

 

 

(13,242,419)

 

 

(13,629,004)

 

 

(25,557,721)

 

 

(25,964,345)

Gross Margin

 

 

16,362,902

 

 

 

18,456,195

 

 

 

31,459,087

 

 

 

34,694,952

 

Product development expense

 

 

(1,031,716)

 

 

(1,301,487)

 

 

(2,140,902)

 

 

(2,661,284)

Selling and administrative expenses

 

 

(12,188,736)

 

 

(11,140,681)

 

 

(22,534,931)

 

 

(22,261,047)

Operating Profit

 

$3,142,450

 

 

$6,014,027

 

 

$6,783,254

 

 

$9,772,621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

¹ Other variable and fixed overhead items included in segment operating profit include manufacturing salaries, indirect labor, insurance, lease expense, depreciation, and other overhead expenses