| Selected Financial Information for Americas, Brazil and Asia Segments |
Selected financial information is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended March 30, 2025 |
|
|
|
Americas |
|
|
Brazil |
|
|
Asia |
|
|
Total |
|
Net sales |
|
$ |
93,544 |
|
|
$ |
28,124 |
|
|
$ |
24,889 |
|
|
$ |
146,557 |
|
Cost of sales |
|
|
100,501 |
|
|
|
25,136 |
|
|
|
21,365 |
|
|
|
147,002 |
|
Gross (loss) profit |
|
|
(6,957 |
) |
|
|
2,988 |
|
|
|
3,524 |
|
|
|
(445 |
) |
Segment depreciation expense |
|
|
5,251 |
|
|
|
701 |
|
|
|
13 |
|
|
|
5,965 |
|
Segment (Loss) Profit |
|
$ |
(1,706 |
) |
|
$ |
3,689 |
|
|
$ |
3,537 |
|
|
$ |
5,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended March 31, 2024 |
|
|
|
Americas |
|
|
Brazil |
|
|
Asia |
|
|
Total |
|
Net sales |
|
$ |
91,130 |
|
|
$ |
29,573 |
|
|
$ |
28,293 |
|
|
$ |
148,996 |
|
Cost of sales |
|
|
94,644 |
|
|
|
25,736 |
|
|
|
23,852 |
|
|
|
144,232 |
|
Gross (loss) profit |
|
|
(3,514 |
) |
|
|
3,837 |
|
|
|
4,441 |
|
|
|
4,764 |
|
Segment depreciation expense |
|
|
5,473 |
|
|
|
841 |
|
|
|
— |
|
|
|
6,314 |
|
Segment Profit |
|
$ |
1,959 |
|
|
$ |
4,678 |
|
|
$ |
4,441 |
|
|
$ |
11,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended March 30, 2025 |
|
|
|
Americas |
|
|
Brazil |
|
|
Asia |
|
|
Total |
|
Net sales |
|
$ |
262,922 |
|
|
$ |
89,916 |
|
|
$ |
79,971 |
|
|
$ |
432,809 |
|
Cost of sales |
|
|
277,797 |
|
|
|
75,205 |
|
|
|
70,260 |
|
|
|
423,262 |
|
Gross (loss) profit |
|
|
(14,875 |
) |
|
|
14,711 |
|
|
|
9,711 |
|
|
|
9,547 |
|
Segment depreciation expense |
|
|
15,995 |
|
|
|
2,044 |
|
|
|
44 |
|
|
|
18,083 |
|
Segment Profit |
|
$ |
1,120 |
|
|
$ |
16,755 |
|
|
$ |
9,755 |
|
|
$ |
27,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended March 31, 2024 |
|
|
|
Americas |
|
|
Brazil |
|
|
Asia |
|
|
Total |
|
Net sales |
|
$ |
253,252 |
|
|
$ |
85,543 |
|
|
$ |
85,962 |
|
|
$ |
424,757 |
|
Cost of sales |
|
|
270,884 |
|
|
|
76,400 |
|
|
|
71,648 |
|
|
|
418,932 |
|
Gross (loss) profit |
|
|
(17,632 |
) |
|
|
9,143 |
|
|
|
14,314 |
|
|
|
5,825 |
|
Segment depreciation expense |
|
|
16,478 |
|
|
|
2,447 |
|
|
|
— |
|
|
|
18,925 |
|
Segment (Loss) Profit |
|
$ |
(1,154 |
) |
|
$ |
11,590 |
|
|
$ |
14,314 |
|
|
$ |
24,750 |
|
|
| Reconciliations of Segment Gross Profit to Consolidated Loss Before Income Taxes |
The reconciliations of segment gross profit to consolidated loss before income taxes are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
March 30, 2025 |
|
|
March 31, 2024 |
|
|
March 30, 2025 |
|
|
March 31, 2024 |
|
Americas |
|
$ |
(6,957 |
) |
|
$ |
(3,514 |
) |
|
$ |
(14,875 |
) |
|
$ |
(17,632 |
) |
Brazil |
|
|
2,988 |
|
|
|
3,837 |
|
|
|
14,711 |
|
|
|
9,143 |
|
Asia |
|
|
3,524 |
|
|
|
4,441 |
|
|
|
9,711 |
|
|
|
14,314 |
|
Segment gross (loss) profit |
|
|
(445 |
) |
|
|
4,764 |
|
|
|
9,547 |
|
|
|
5,825 |
|
Selling, general and administrative expenses |
|
|
12,295 |
|
|
|
11,372 |
|
|
|
37,058 |
|
|
|
35,389 |
|
(Benefit) provision for bad debts |
|
|
(255 |
) |
|
|
179 |
|
|
|
(39 |
) |
|
|
1,259 |
|
Gain on sale of assets |
|
|
— |
|
|
|
— |
|
|
|
(4,296 |
) |
|
|
— |
|
Restructuring costs |
|
|
1,320 |
|
|
|
— |
|
|
|
1,320 |
|
|
|
5,101 |
|
Other operating expense, net |
|
|
55 |
|
|
|
139 |
|
|
|
144 |
|
|
|
674 |
|
Operating loss |
|
|
(13,860 |
) |
|
|
(6,926 |
) |
|
|
(24,640 |
) |
|
|
(36,598 |
) |
Interest income |
|
|
(198 |
) |
|
|
(432 |
) |
|
|
(632 |
) |
|
|
(1,710 |
) |
Interest expense |
|
|
2,417 |
|
|
|
2,407 |
|
|
|
7,322 |
|
|
|
7,505 |
|
Equity in loss of unconsolidated affiliates |
|
|
216 |
|
|
|
604 |
|
|
|
467 |
|
|
|
311 |
|
Loss before income taxes |
|
$ |
(16,295 |
) |
|
$ |
(9,505 |
) |
|
$ |
(31,797 |
) |
|
$ |
(42,704 |
) |
|