| Schedule of Segment Reporting Information |
Segment information and reconciliations to consolidated amounts are as follows:
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Three Months Ended |
| (In thousands) |
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|
March 29, 2025 |
|
March 30, 2024 |
| Sales: |
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| Aerospace |
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$ |
191,388 |
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$ |
163,675 |
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| Less Inter-segment Sales |
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(13) |
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(37) |
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| Total Aerospace Sales |
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191,375 |
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|
163,638 |
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| Test Systems |
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|
14,592 |
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|
21,436 |
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| Less Inter-segment Sales |
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(31) |
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— |
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| Total Test Systems Sales |
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14,561 |
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|
21,436 |
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| Total Consolidated Sales |
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205,936 |
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|
185,074 |
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Less1
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| Cost of Products Sold: |
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| Aerospace |
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132,892 |
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119,257 |
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69.4 |
% |
|
72.9 |
% |
| Test Systems |
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12,195 |
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18,303 |
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83.8 |
% |
|
85.4 |
% |
Other Segment Items2
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| Aerospace |
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36,219 |
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32,284 |
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| Test Systems |
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4,589 |
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|
6,212 |
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| Operating Income (Loss) and Margins: |
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| Aerospace |
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22,264 |
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12,097 |
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11.6 |
% |
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7.4 |
% |
| Test Systems |
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(2,223) |
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(3,079) |
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(15.3) |
% |
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(14.4) |
% |
| Total Operating Income |
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20,041 |
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|
9,018 |
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9.7 |
% |
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4.9 |
% |
| Deductions from Segment Measure of Operating Profit: |
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Interest Expense, Net of Interest Income |
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3,150 |
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|
5,759 |
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Corporate Expenses and Other |
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6,717 |
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|
7,788 |
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| Income (Loss) Before Income Taxes |
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$ |
10,174 |
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$ |
(4,529) |
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1 The significant expenses and amounts presented align with the segment-level information that is regularly provided to the CODM. Inter-segment expenses are included within the amounts shown.
2 Other segment items include Selling, General and Administrative Expenses, Research and Development Expenses, and sublease and rental income.
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(In thousands) |
|
March 29, 2025 |
|
December 31, 2024 |
| Total Assets: |
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Aerospace |
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$ |
512,912 |
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$ |
498,528 |
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Test Systems |
|
121,465 |
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|
128,828 |
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Corporate |
|
27,865 |
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|
21,408 |
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Total Assets |
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$ |
662,242 |
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|
$ |
648,764 |
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Three Months Ended |
(In thousands) |
|
March 29, 2025 |
|
March 30, 2024 |
| Depreciation and Amortization: |
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Aerospace |
|
$ |
4,498 |
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$ |
5,021 |
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Test Systems |
|
1,078 |
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|
1,251 |
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Corporate |
|
12 |
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|
56 |
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| Total Depreciation and Amortization |
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$ |
5,588 |
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$ |
6,328 |
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| Capital Expenditures: |
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Aerospace |
|
$ |
2,082 |
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$ |
1,470 |
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Test Systems |
|
23 |
|
|
118 |
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Corporate |
|
— |
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|
10 |
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| Total Capital Expenditures |
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$ |
2,105 |
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$ |
1,598 |
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