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v3.25.1

SEGMENT REPORTING (Tables) | 12 Months Ended
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Jan. 31, 2025
SEGMENT REPORTING |
Schedule of Domestic and international sales from continuing operations |
|  | 2025 |  |  | 2024 |
Domestic |  | $ | 60.4 |  |  | $ | 55.3 |
International |  |  | 106.8 |  |  |  | 69.4 |
Total |  | $ | 167.2 |  |  | $ | 124.7 |
Schedule of segment information |
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |
|  | (in millions of dollars) |
Net Sales |  |  |  |  |  |
US Operations (including Corporate) |  | $ | 66.7 |  |  | $ | 60.9 |
Europe |  |  | 42.9 |  |  |  | 16.4 |
Mexico |  |  | 7.6 |  |  |  | 6.7 |
Asia |  |  | 53.8 |  |  |  | 46.2 |
Canada |  |  | 10.3 |  |  |  | 9.3 |
Latin America |  |  | 21.3 |  |  |  | 16.3 |
Other foreign |  |  | 18.3 |  |  |  | 14.0 |
Less intersegment sales |  |  | (53.7 | ) |  |  | (45.1 | )
Consolidated sales |  | $ | 167.2 |  |  | $ | 124.7 |
External Sales |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 60 |  |  | $ | 55.3 |
Europe |  |  | 42.1 |  |  |  | 16.3 |
Mexico |  |  | 5.0 |  |  |  | 4.0 |
Asia |  |  | 13.9 |  |  |  | 13.8 |
Canada |  |  | 10.3 |  |  |  | 9.3 |
Latin America |  |  | 21.2 |  |  |  | 16.1 |
Other foreign |  |  | 14.3 |  |  |  | 9.9 |
Consolidated external sales |  | $ | 167.2 |  |  | $ | 124.7 |
Intersegment Sales |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 6.3 |  |  | $ | 5.6 |
Europe (UK) |  |  | 0.8 |  |  |  | 0.1 |
Mexico |  |  | 2.6 |  |  |  | 2.7 |
Asia |  |  | 39.9 |  |  |  | 32.4 |
Canada |  |  | - |  |  |  | - |
Latin America |  |  | 0.1 |  |  |  | 0.2 |
Other foreign |  |  | 4.0 |  |  |  | 4.1 |
Consolidated intersegment sales |  | $ | 53.7 |  |  | $ | 45.1 |
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |
|  | (in millions of dollars) |
Cost of Goods Sold: |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 41.6 |  |  | $ | 40.9 |
Europe |  |  | 32.5 |  |  |  | 11.5 |
Mexico |  |  | 7.1 |  |  |  | 6.5 |
Asia |  |  | 41.7 |  |  |  | 36.7 |
Canada |  |  | 6.2 |  |  |  | 4.9 |
Latin America |  |  | 11.4 |  |  |  | 8.1 |
Other foreign |  |  | 10.9 |  |  |  | 9.1 |
Less intersegment cost of goods sold |  |  | (52.9 | ) |  |  | (44.2 | )
Consolidated cost of goods sold |  | $ | 98.5 |  |  | $ | 73.5 |
Gross Profit (Loss); |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 25.0 |  |  | $ | 20.0 |
Europe |  |  | 10.4 |  |  |  | 4.9 |
Mexico |  |  | 0.6 |  |  |  | 0.2 |
Asia |  |  | 12.1 |  |  |  | 9.5 |
Canada |  |  | 4.1 |  |  |  | 4.4 |
Latin America |  |  | 9.8 |  |  |  | 8.2 |
Other foreign |  |  | 7.4 |  |  |  | 4.9 |
Less intersegment (profit) loss |  |  | (0.7 | ) |  |  | (0.9 | )
Consolidated gross profit |  | $ | 68.7 |  |  | $ | 51.2 |
Operating Expenses: |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 33.4 |  |  | $ | 23.9 |
Europe |  |  | 12.0 |  |  |  | 4.3 |
Mexico |  |  | 2.1 |  |  |  | 2.3 |
Asia |  |  | 5.6 |  |  |  | 4.7 |
Canada |  |  | 4.2 |  |  |  | 2.9 |
Latin America |  |  | 5.4 |  |  |  | 5.4 |
Other foreign |  |  | 6.1 |  |  |  | 2.9 |
Less intersegment (profit) loss |  |  | (1.4 | ) |  |  | (1.2 | )
Consolidated operating expenses |  | $ | 67.4 |  |  | $ | 45.2 |
Goodwill Impairment: |  |  |  |  |  |  |  |
Europe |  | $ | 7.5 |  |  | $ | - |
Other foreign |  |  | 3.0 |  |  |  | - |
Goodwill impairment |  | $ | 10.5 |  |  | $ | - |
Operating (Loss) Profit: |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | (8.0 | ) |  | $ | (3.5 | )
Europe |  |  | (9.6 | ) |  |  | 0.1 |
Mexico |  |  | (1.5 | ) |  |  | (2.1 | )
Asia |  |  | 6.5 |  |  |  | 4.9 |
Canada |  |  | (0.2 | ) |  |  | 1.5 |
Latin America |  |  | 4.5 |  |  |  | 2.8 |
Other foreign |  |  | (1.7 | ) |  |  | 2.0 |
Less intersegment (profit) loss |  |  | (0.7 | ) |  |  | 0.3 |
Operating (loss) profit |  | $ | (9.3) |  |  | $ | 6.0 |
|  | As of January 31, |
|  | 2025 |  |  | 2024 |
|  | (in millions of dollars) |
Total Assets: |  |  |  |
USA Operations (including Corporate) |  | $ | 167.4 |  |  | $ | 92.2 |
Europe |  |  | 60.3 |  |  |  | 30.0 |
Mexico |  |  | 13.7 |  |  |  | 12.1 |
Asia |  |  | 48.0 |  |  |  | 51.6 |
Canada |  |  | 6.4 |  |  |  | 8.5 |
Latin America |  |  | 21.7 |  |  |  | 15.0 |
Other foreign |  |  | 18.3 |  |  |  | 20.3 |
Less intersegment |  |  | (123.3 | ) |  |  | (76.0 | )
Consolidated assets |  | $ | 212.5 |  |  | $ | 153.7 |
Total Assets Less Intersegment: |  |  |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 85.6 |  |  | $ | 47.1 |
Europe |  |  | 55.3 |  |  |  | 27.2 |
Mexico |  |  | 11.2 |  |  |  | 10.2 |
Asia |  |  | 21.3 |  |  |  | 29.0 |
Canada |  |  | 4.6 |  |  |  | 8.3 |
Latin America |  |  | 18.0 |  |  |  | 12.3 |
Other foreign |  |  | 16.5 |  |  |  | 19.6 |
Consolidated assets |  | $ | 212.5 |  |  | $ | 153.7 |
Total Goodwill and Intangible Assets |  |  |  |  |  |
USA Operations (including Corporate) |  | $ | 17.1 |  |  | $ | 0.9 |
Europe |  |  | 22.7 |  |  |  | 14.7 |
Other foreign |  |  | 1.9 |  |  |  | 4.9 |
Consolidated goodwill and intangible assets |  | $ | 41.7 |  |  | $ | 20.5 |

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