| Schedule of Segment Reporting Information |
Segment information and reconciliations to consolidated amounts are as follows:
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Six Months Ended |
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Three Months Ended |
| (In thousands) |
June 28, 2025 |
|
June 29, 2024 |
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June 28, 2025 |
|
June 29, 2024 |
| Sales: |
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| Aerospace |
$ |
385,035 |
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|
$ |
340,623 |
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$ |
193,647 |
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$ |
176,948 |
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| Less Inter-segment Sales |
(34) |
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(42) |
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(21) |
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(5) |
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| Total Aerospace Sales |
385,001 |
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|
340,581 |
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|
193,626 |
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|
176,943 |
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| Test Systems |
25,933 |
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|
42,607 |
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|
11,341 |
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|
21,171 |
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| Less Inter-segment Sales |
(320) |
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— |
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(289) |
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— |
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| Total Test Systems Sales |
25,613 |
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42,607 |
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|
11,052 |
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21,171 |
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| Total Consolidated Sales |
410,614 |
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383,188 |
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204,678 |
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198,114 |
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Less1
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| Cost of Products Sold: |
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| Aerospace |
271,627 |
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242,181 |
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138,735 |
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122,924 |
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70.6 |
% |
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71.1 |
% |
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71.7 |
% |
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69.5 |
% |
| Test Systems |
25,311 |
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|
37,925 |
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|
13,116 |
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|
19,622 |
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|
98.8 |
% |
|
89.0 |
% |
|
118.7 |
% |
|
92.7 |
% |
Other Segment Items2
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| Aerospace |
73,071 |
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67,023 |
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36,852 |
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34,739 |
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| Test Systems |
9,235 |
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13,097 |
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4,646 |
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6,885 |
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| Operating Profit (Loss) and Margins: |
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| Aerospace |
40,303 |
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31,377 |
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18,039 |
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19,280 |
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10.5 |
% |
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9.2 |
% |
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9.3 |
% |
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10.9 |
% |
| Test Systems |
(8,933) |
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(8,415) |
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(6,710) |
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(5,336) |
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(34.9) |
% |
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(19.8) |
% |
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(60.7) |
% |
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(25.2) |
% |
| Total Operating Profit |
31,370 |
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22,962 |
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11,329 |
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13,944 |
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7.6 |
% |
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6.0 |
% |
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5.5 |
% |
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7.0 |
% |
| Deductions from Segment Measure of Operating Profit: |
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Interest Expense, Net of Interest Income |
6,247 |
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11,615 |
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3,097 |
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5,856 |
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Corporate Expenses and Other |
13,098 |
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14,617 |
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6,381 |
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6,829 |
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| Income (Loss) Before Income Taxes |
$ |
12,025 |
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$ |
(3,270) |
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$ |
1,851 |
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$ |
1,259 |
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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) |
|
June 28, 2025 |
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December 31, 2024 |
| Total Assets: |
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Aerospace |
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$ |
517,145 |
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$ |
498,528 |
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Test Systems |
|
111,046 |
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|
128,828 |
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Corporate |
|
18,497 |
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|
21,408 |
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Total Assets |
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$ |
646,688 |
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$ |
648,764 |
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Six Months Ended |
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Three Months Ended |
(In thousands) |
June 28, 2025 |
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June 29, 2024 |
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June 28, 2025 |
|
June 29, 2024 |
| Depreciation and Amortization: |
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Aerospace |
$ |
8,955 |
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$ |
9,966 |
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$ |
4,457 |
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$ |
4,945 |
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Test Systems |
1,990 |
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|
2,453 |
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|
912 |
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|
1,202 |
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Corporate |
21 |
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|
112 |
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9 |
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56 |
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| Total Depreciation and Amortization |
$ |
10,966 |
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$ |
12,531 |
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$ |
5,378 |
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$ |
6,203 |
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| Capital Expenditures: |
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Aerospace |
$ |
6,525 |
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$ |
2,799 |
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$ |
4,443 |
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$ |
1,329 |
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Test Systems |
185 |
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|
585 |
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|
162 |
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|
467 |
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Corporate |
— |
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10 |
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— |
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— |
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| Total Capital Expenditures |
$ |
6,710 |
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$ |
3,394 |
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$ |
4,605 |
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$ |
1,796 |
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