Segment Reporting (Tables)

3 Months Ended

Apr. 03, 2026

The below table presents financial information for each segment and a reconciliation of EBITDA to Net Income (the most directly comparable GAAP financial measure) for the first quarter of 2026 and 2025:


		First quarter ended April 3, 2026
		Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Net sales (1)		$	155,665	$	363,364	$	30,795	$	—	$	549,824

Less:
	Cost of sales	124,608		323,566		19,816		(1)		467,989
	Selling, general and administrative expense	14,065		10,171		5,207		6,757		36,200
	Other segment items (2)	4,207		8,731		3,384		829		17,151
Plus:
	Segment depreciation, depletion and amortization	11,016		4,633		2,286		491		18,426
Segment EBITDA		$	23,801	$	25,529	$	4,674	$	(7,094)	$	46,910
	Income tax expense									1,533
	Interest expense - net									7,578
	Depreciation, depletion and amortization									18,426
Net Income										$	19,373


		First quarter ended March 28, 2025
		Performance Materials		Electronic Materials		Precision Optics		Other		Consolidated
Net sales (1)		$	173,987	$	224,795	$	21,548	$	—	$	420,330

Less:
	Cost of sales	125,756		201,057		17,324		14		344,151
	Selling, general and administrative expense	13,981		10,619		4,386		6,459		35,445
	Other segment items (2)	3,007		6,308		3,675		(117)		12,873
Plus:
	Segment depreciation, depletion and amortization	9,430		4,267		2,355		486		16,538
Segment EBITDA		$	40,673	$	11,078	$	(1,482)	$	(5,870)	$	44,399
	Income tax expense									3,246
	Interest expense - net									6,917
	Depreciation, depletion and amortization									16,538
Net Income										$	17,698

(1) Excludes inter-segment sales of $2.7 million for the first quarter of 2026 and $2.6 million for the first quarter of 2025 for Electronic Materials. Inter-segment sales are eliminated in consolidation.

Schedule of Disaggregation of Revenue by Segment

The following table disaggregates revenue for each segment by end market for the first quarter of 2026 and 2025:


(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Total
First Quarter 2026
End Market
Semiconductor	$	2,306	$	314,258	$	1,798	$	—	$	318,362
Industrial	33,199		10,980		7,678		—		51,857
Aerospace and defense	43,552		5,424		10,030		—		59,006
Consumer electronics	23,254		3,640		4,076		—		30,970
Automotive	17,046		240		1,944		—		19,230
Energy	13,317		33,336		—		—		46,653
Life sciences	1,859		(8,596)		5,206		—		(1,531)
Other	21,132		4,082		63		—		25,277
Total	$	155,665	$	363,364	$	30,795	$	—	$	549,824

First Quarter 2025
End Market
Semiconductor	$	3,628	$	183,749	$	775	$	—	$	188,152
Industrial	31,277		9,755		6,273		—		47,305
Aerospace and defense	42,090		1,702		6,241		—		50,033
Consumer electronics	45,035		1,108		3,093		—		49,236
Automotive	16,202		726		1,335		—		18,263
Energy	16,420		20,230		—		—		36,650
Life sciences	2,575		5,874		3,692		—		12,141
Other	16,760		1,651		139		—		18,550
Total	$	173,987	$	224,795	$	21,548	$	—	$	420,330