| 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) |
July 4, 2026 |
|
June 28, 2025 |
|
July 4, 2026 |
|
June 28, 2025 |
| Sales: |
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| Aerospace |
$ |
451,135 |
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|
$ |
385,035 |
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$ |
237,292 |
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$ |
193,647 |
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| Less Inter-segment Sales |
(23) |
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(34) |
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— |
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(21) |
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| Total Aerospace Sales |
451,112 |
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|
385,001 |
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|
237,292 |
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|
193,626 |
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| Test Systems |
39,498 |
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|
25,933 |
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|
22,674 |
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|
11,341 |
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| Less Inter-segment Sales |
(34) |
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(320) |
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(9) |
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(289) |
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| Total Test Systems Sales |
39,464 |
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25,613 |
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22,665 |
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|
11,052 |
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| Total Consolidated Sales |
490,576 |
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410,614 |
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259,957 |
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204,678 |
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Less1
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| Cost of Products Sold: |
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| Aerospace |
298,267 |
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271,627 |
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155,140 |
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138,735 |
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66.1 |
% |
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70.6 |
% |
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65.4 |
% |
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71.7 |
% |
| Test Systems |
30,279 |
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|
25,311 |
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|
17,920 |
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|
13,116 |
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76.7 |
% |
|
98.8 |
% |
|
79.1 |
% |
|
118.7 |
% |
Other Segment Items2
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| Aerospace |
69,249 |
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73,071 |
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33,888 |
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36,852 |
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| Test Systems |
8,190 |
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9,235 |
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4,153 |
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4,646 |
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| Operating Profit and Margins: |
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| Aerospace |
83,596 |
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40,303 |
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48,264 |
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18,039 |
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18.5 |
% |
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10.5 |
% |
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20.3 |
% |
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9.3 |
% |
Test Systems3
|
995 |
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(8,933) |
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|
592 |
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(6,710) |
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2.5 |
% |
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(34.9) |
% |
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2.6 |
% |
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(60.7) |
% |
| Total Operating Profit |
84,591 |
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31,370 |
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48,856 |
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11,329 |
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17.2 |
% |
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7.6 |
% |
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18.8 |
% |
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5.5 |
% |
| Deductions from Segment Measure of Operating Profit: |
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Interest Expense, Net of Interest Income |
4,668 |
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6,247 |
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2,332 |
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|
3,097 |
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Corporate Expenses and Other |
17,284 |
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13,098 |
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8,670 |
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|
6,381 |
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| Income Before Income Taxes |
$ |
62,639 |
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$ |
12,025 |
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$ |
37,854 |
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$ |
1,851 |
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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.
3 In the three and six months ended June 28, 2025, revisions of estimated costs to complete certain long-term mass transit Test contracts had an adverse impact to operating profit of $6.9 million and $8.8 million, respectively.
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| (In thousands) |
|
July 4, 2026 |
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December 31, 2025 |
| Total Assets: |
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Aerospace |
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$ |
614,128 |
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$ |
570,294 |
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Test Systems |
|
126,664 |
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|
119,603 |
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Corporate |
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20,052 |
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|
16,781 |
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| Total Assets |
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$ |
760,844 |
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$ |
706,678 |
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Six Months Ended |
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Three Months Ended |
(In thousands) |
July 4, 2026 |
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June 28, 2025 |
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July 4, 2026 |
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June 28, 2025 |
| Depreciation and Amortization: |
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Aerospace |
$ |
11,205 |
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$ |
8,955 |
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$ |
5,826 |
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$ |
4,457 |
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Test Systems |
1,002 |
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|
1,990 |
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|
497 |
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|
912 |
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Corporate |
28 |
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21 |
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18 |
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|
9 |
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| Total Depreciation and Amortization |
$ |
12,235 |
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$ |
10,966 |
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$ |
6,341 |
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$ |
5,378 |
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| Capital Expenditures: |
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Aerospace |
$ |
16,221 |
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$ |
6,525 |
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$ |
5,490 |
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$ |
4,443 |
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Test Systems |
605 |
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|
185 |
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|
176 |
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|
162 |
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Corporate |
43 |
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— |
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43 |
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— |
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| Total Capital Expenditures |
$ |
16,869 |
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$ |
6,710 |
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$ |
5,709 |
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$ |
4,605 |
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