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Reportable Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Summary of Segment Description and Data The following table describes each segment:

 

Segment

 

Product or Services

 

Primary Markets Served

 

Geographic Areas

Products

 

Assembly
Weldments
Machining
Fabrication

 

Semiconductor

 

Americas
Asia Pacific
EMEA

Services

 

Cleaning Coating
Analytics

 

Semiconductor

 

Americas
Asia Pacific
EMEA

Segment Data

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

July 1,

 

 

June 30,

 

 

July 1,

 

(In millions)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

362.5

 

 

$

532.0

 

 

$

731.1

 

 

$

1,018.9

 

Services

 

 

59.0

 

 

 

76.7

 

 

 

123.7

 

 

 

154.0

 

Total segment revenues

 

$

421.5

 

 

$

608.7

 

 

$

854.8

 

 

$

1,172.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

51.4

 

 

$

90.9

 

 

$

104.9

 

 

$

178.3

 

Services

 

 

16.7

 

 

 

27.5

 

 

 

36.2

 

 

 

53.9

 

Total segment gross margin

 

$

68.1

 

 

$

118.4

 

 

$

141.1

 

 

$

232.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

10.8

 

 

$

(14.4

)

 

$

19.5

 

 

$

23.3

 

Services

 

 

1.8

 

 

 

8.9

 

 

 

5.5

 

 

 

17.0

 

Total segment income (loss) from operations

 

$

12.6

 

 

$

(5.5

)

 

$

25.0

 

 

$

40.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

December 30,

 

(In millions)

 

 

 

 

 

 

 

2023

 

 

2022

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

 

 

 

 

 

 

$

1,550.9

 

 

$

1,650.2

 

Services

 

 

 

 

 

 

 

 

292.8

 

 

 

310.7

 

Total segment assets

 

 

 

 

 

 

 

$

1,843.7

 

 

$

1,960.9