| Schedule of Financial Information |
The following table presents selected financial information with respect to the Company’s single operating segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Net sales |
$ |
179,045 |
|
|
$ |
169,513 |
|
|
$ |
342,994 |
|
|
$ |
328,781 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
Cost of Material |
|
87,169 |
|
|
|
80,476 |
|
|
|
164,597 |
|
|
|
157,450 |
|
Labor |
|
20,906 |
|
|
|
20,661 |
|
|
|
42,049 |
|
|
|
40,560 |
|
Overhead |
|
14,917 |
|
|
|
14,297 |
|
|
|
29,963 |
|
|
|
28,298 |
|
Selling |
|
12,534 |
|
|
|
11,824 |
|
|
|
24,122 |
|
|
|
24,061 |
|
General and administrative |
|
13,505 |
|
|
|
13,106 |
|
|
|
27,024 |
|
|
|
25,757 |
|
Amortization expense |
|
3,102 |
|
|
|
3,100 |
|
|
|
6,202 |
|
|
|
6,178 |
|
Operating Income |
|
26,912 |
|
|
|
26,049 |
|
|
|
49,037 |
|
|
|
46,477 |
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
(5,990 |
) |
|
|
(9,048 |
) |
|
|
(12,192 |
) |
|
|
(19,120 |
) |
Other income (expense) |
|
(538 |
) |
|
|
(6,331 |
) |
|
|
(926 |
) |
|
|
(6,603 |
) |
Income before income taxes |
|
20,384 |
|
|
|
10,670 |
|
|
|
35,919 |
|
|
|
20,754 |
|
Provision from income taxes |
|
4,587 |
|
|
|
2,335 |
|
|
|
7,994 |
|
|
|
4,535 |
|
Net income |
$ |
15,797 |
|
|
$ |
8,335 |
|
|
$ |
27,925 |
|
|
$ |
16,219 |
|
|
| Summary of Components of Customer Sales Determined Based on the Location of Customers |
The Company sells to approximately 140 countries around the world. The Company attributes revenues to individual countries based on the customer location to which finished products are shipped. The following tables disaggregate total net sales by geographic location:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Geographic Location |
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
United States |
|
$ |
136,393 |
|
|
$ |
127,021 |
|
|
$ |
258,388 |
|
|
$ |
241,596 |
|
Foreign countries |
|
|
42,652 |
|
|
|
42,492 |
|
|
|
84,606 |
|
|
|
87,185 |
|
Total net sales |
|
$ |
179,045 |
|
|
$ |
169,513 |
|
|
$ |
342,994 |
|
|
$ |
328,781 |
|
|