v3.26.1
Note 14 - Business Segment Information
9 Months Ended
Jun. 27, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

(14) Business Segment Information

 

Our operations are entirely focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Our concrete reinforcing products consist of two product lines: prestressed concrete strand and welded wire reinforcement. Based on the criteria specified in ASC Topic 280, Segment Reporting, we have one reportable segment.

 

The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM assesses performance and allocates resources based on consolidated net earnings. This measure of profitability is utilized to assess growth opportunities, including those through organic growth initiatives, capital expenditures and acquisitions; manage and control expenses and efficiency within our operations; and evaluate shareholder return strategies, including dividend payments and repurchases of common stock.

 

Significant expenses include cost of sales and SG&A expense which are each presented on the Company’s consolidated statement of operations. The measure of segment assets is reported on the consolidated balance sheet as total assets, which are located in the U.S.

 

Our net sales by product line are as follows:

 

   

Three Months Ended

   

Nine Months Ended

 
   

June 27,

   

June 28,

   

June 27,

   

June 28,

 

(In thousands)

 

2026

   

2025

   

2026

   

2025

 

Net sales:

                               

Welded wire reinforcement

  $ 123,744     $ 117,691     $ 338,595     $ 300,165  

Prestressed concrete strand

    73,915       62,195       191,641       170,097  

Total

  $ 197,659     $ 179,886     $ 530,236     $ 470,262  

 

Our net sales by geographic region are as follows:

 

 

   

Three Months Ended

   

Nine Months Ended

 
   

June 27,

   

June 28,

   

June 27,

   

June 28,

 

(In thousands)

 

2026

   

2025

   

2026

   

2025

 

Net sales:

                               

United States

  $ 197,212     $ 179,372     $ 528,544     $ 467,130  

Foreign

    447       514       1,692       3,132  

Total

  $ 197,659     $ 179,886     $ 530,236     $ 470,262