| Schedule of Segment Reporting Information |
Segment information and reconciliations to consolidated amounts are as follows:
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Nine Months Ended |
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Three Months Ended |
| (In thousands) |
September 27, 2025 |
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September 28, 2024 |
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September 27, 2025 |
|
September 28, 2024 |
| Sales: |
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| Aerospace |
$ |
577,760 |
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$ |
518,187 |
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$ |
192,725 |
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$ |
177,564 |
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| Less Inter-segment Sales |
(34) |
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(52) |
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— |
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(10) |
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| Total Aerospace Sales |
577,726 |
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|
518,135 |
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|
192,725 |
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|
177,554 |
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| Test Systems |
44,685 |
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|
68,790 |
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|
18,752 |
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|
26,183 |
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| Less Inter-segment Sales |
(350) |
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(39) |
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(30) |
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(39) |
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| Total Test Systems Sales |
44,335 |
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68,751 |
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18,722 |
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26,144 |
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| Total Consolidated Sales |
622,061 |
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586,886 |
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211,447 |
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203,698 |
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Less1
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| Cost of Products Sold: |
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| Aerospace |
403,890 |
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369,918 |
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132,263 |
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127,737 |
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69.9 |
% |
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71.4 |
% |
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68.6 |
% |
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71.9 |
% |
| Test Systems |
39,984 |
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|
58,662 |
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|
14,673 |
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20,737 |
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90.2 |
% |
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85.3 |
% |
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78.4 |
% |
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79.3 |
% |
Other Segment Items2
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| Aerospace |
102,366 |
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102,589 |
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29,295 |
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35,566 |
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| Test Systems |
13,298 |
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18,517 |
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4,063 |
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5,420 |
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| Operating Profit (Loss) and Margins: |
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| Aerospace |
71,470 |
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45,628 |
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31,167 |
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14,251 |
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12.4 |
% |
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8.8 |
% |
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16.2 |
% |
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8.0 |
% |
| Test Systems |
(8,947) |
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(8,428) |
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(14) |
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(13) |
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(20.2) |
% |
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(12.3) |
% |
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(0.1) |
% |
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— |
% |
| Total Operating Profit |
62,523 |
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37,200 |
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31,153 |
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14,238 |
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10.1 |
% |
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6.3 |
% |
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14.7 |
% |
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7.0 |
% |
| Deductions from Segment Measure of Operating Profit: |
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| Loss on Settlement of Debt |
32,644 |
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6,987 |
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32,644 |
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6,987 |
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Interest Expense, Net of Interest Income |
9,167 |
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17,832 |
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2,920 |
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6,217 |
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Corporate Expenses and Other |
21,011 |
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20,824 |
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7,913 |
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6,207 |
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| Loss Before Income Taxes |
$ |
(299) |
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$ |
(8,443) |
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$ |
(12,324) |
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$ |
(5,173) |
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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) |
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September 27, 2025 |
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December 31, 2024 |
| Total Assets: |
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Aerospace |
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$ |
544,463 |
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$ |
498,528 |
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Test Systems |
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112,844 |
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128,828 |
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Corporate |
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24,886 |
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21,408 |
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Total Assets |
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$ |
682,193 |
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$ |
648,764 |
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Nine Months Ended |
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Three Months Ended |
(In thousands) |
September 27, 2025 |
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September 28, 2024 |
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September 27, 2025 |
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September 28, 2024 |
| Depreciation and Amortization: |
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Aerospace |
$ |
13,656 |
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$ |
14,766 |
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$ |
4,701 |
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$ |
4,800 |
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Test Systems |
2,442 |
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3,638 |
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|
452 |
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|
1,185 |
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Corporate |
31 |
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|
168 |
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10 |
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56 |
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| Total Depreciation and Amortization |
$ |
16,129 |
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$ |
18,572 |
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$ |
5,163 |
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$ |
6,041 |
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| Capital Expenditures: |
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Aerospace |
$ |
19,337 |
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$ |
4,408 |
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$ |
12,812 |
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$ |
1,609 |
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Test Systems |
523 |
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|
820 |
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|
338 |
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|
235 |
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Corporate |
— |
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16 |
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— |
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|
6 |
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| Total Capital Expenditures |
$ |
19,860 |
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$ |
5,244 |
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$ |
13,150 |
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$ |
1,850 |
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