| 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) |
October 3, 2026 |
|
September 27, 2025 |
|
October 3, 2026 |
|
September 27, 2025 |
| Sales: |
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| Aerospace |
$ |
696,708 |
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|
$ |
577,760 |
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|
$ |
245,573 |
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|
$ |
192,725 |
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| Less Inter-segment Sales |
(124) |
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(34) |
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|
(101) |
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— |
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| Total Aerospace Sales |
696,584 |
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|
577,726 |
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|
245,472 |
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|
192,725 |
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| Test Systems |
65,710 |
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|
44,685 |
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|
26,212 |
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|
18,752 |
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| Less Inter-segment Sales |
(39) |
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(350) |
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(5) |
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(30) |
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| Total Test Systems Sales |
65,671 |
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|
44,335 |
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|
26,207 |
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|
18,722 |
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| Total Consolidated Sales |
762,255 |
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622,061 |
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271,679 |
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|
211,447 |
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Less1
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| Cost of Products Sold: |
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| Aerospace |
457,993 |
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403,890 |
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159,726 |
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132,263 |
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65.7 |
% |
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69.9 |
% |
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65.1 |
% |
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68.6 |
% |
| Test Systems |
48,258 |
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|
39,984 |
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|
17,979 |
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|
14,673 |
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|
73.5 |
% |
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90.2 |
% |
|
68.6 |
% |
|
78.4 |
% |
Other Segment Items2
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| Aerospace |
97,436 |
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102,366 |
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28,187 |
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29,295 |
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| Test Systems |
12,567 |
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13,298 |
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4,377 |
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4,063 |
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| Operating Profit and Margins: |
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| Aerospace |
141,155 |
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71,470 |
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57,559 |
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31,167 |
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20.3 |
% |
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12.4 |
% |
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23.4 |
% |
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16.2 |
% |
Test Systems3
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4,846 |
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(8,947) |
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3,851 |
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(14) |
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7.4 |
% |
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(20.2) |
% |
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14.7 |
% |
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(0.1) |
% |
| Total Operating Profit |
146,001 |
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62,523 |
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61,410 |
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31,153 |
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19.2 |
% |
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10.1 |
% |
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22.6 |
% |
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14.7 |
% |
| Deductions from Segment Measure of Operating Profit: |
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| Loss on Settlement of Debt |
— |
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32,644 |
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— |
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32,644 |
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Interest Expense, Net of Interest Income |
6,506 |
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9,167 |
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|
1,838 |
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2,920 |
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Corporate Expenses and Other |
24,901 |
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21,011 |
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7,617 |
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7,913 |
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| Income (Loss) Before Income Taxes |
$ |
114,594 |
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$ |
(299) |
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$ |
51,955 |
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$ |
(12,324) |
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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 Revisions to estimated costs on certain long-term mass transit Test contracts reduced operating profit by $2.2 million and $3.0 million in the three and nine months ended October 3, 2026, respectively, compared to $8.8 million in the nine months ended September 27, 2025.
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| (In thousands) |
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October 3, 2026 |
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December 31, 2025 |
| Total Assets: |
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Aerospace |
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$ |
644,884 |
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$ |
570,294 |
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Test Systems |
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138,486 |
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|
119,603 |
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Corporate |
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22,020 |
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|
16,781 |
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| Total Assets |
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$ |
805,390 |
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$ |
706,678 |
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Nine Months Ended |
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Three Months Ended |
(In thousands) |
October 3, 2026 |
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September 27, 2025 |
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October 3, 2026 |
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September 27, 2025 |
| Depreciation and Amortization: |
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Aerospace |
$ |
16,982 |
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$ |
13,656 |
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$ |
5,777 |
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$ |
4,701 |
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Test Systems |
1,491 |
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|
2,442 |
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|
489 |
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|
452 |
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Corporate |
65 |
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|
31 |
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37 |
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|
10 |
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| Total Depreciation and Amortization |
$ |
18,538 |
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$ |
16,129 |
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$ |
6,303 |
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$ |
5,163 |
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| Capital Expenditures: |
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Aerospace |
$ |
19,689 |
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$ |
19,337 |
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$ |
3,468 |
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$ |
12,812 |
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Test Systems |
911 |
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|
523 |
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|
306 |
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|
338 |
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Corporate |
471 |
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— |
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|
428 |
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— |
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| Total Capital Expenditures |
$ |
21,071 |
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$ |
19,860 |
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$ |
4,202 |
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$ |
13,150 |
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