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Segment Information
9 Months Ended
Sep. 27, 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

 

 

Nine Months Ended

 

 

 

September 27,

2025

 

 

September 28,

2024

 

 

September 27,

2025

 

 

September 28,

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$55,336,452

 

 

$71,274,757

 

 

$191,437,750

 

 

$206,068,490

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Material cost

 

 

(37,051,351)

 

 

(36,074,003)

 

 

(99,709,251)

 

 

(107,543,631)

Labor cost

 

 

(3,507,415)

 

 

(4,405,029)

 

 

(9,973,340)

 

 

(12,681,196)

Other variable and fixed overhead¹

 

 

(2,412,246)

 

 

(12,606,055)

 

 

(37,930,631)

 

 

(33,937,153)

Gross Margin

 

 

12,365,440

 

 

 

18,189,670

 

 

 

43,824,528

 

 

 

51,906,510

 

Product development expense

 

 

(995,771)

 

 

(1,077,930)

 

 

(3,136,673)

 

 

(3,739,214)

Selling and administrative expenses

 

 

(9,646,956)

 

 

(10,316,788)

 

 

(32,181,886)

 

 

(31,014,022)

Operating Profit

 

$1,722,713

 

 

$6,794,952

 

 

$8,505,969

 

 

$17,153,274

 

 

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