SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 28, 2024

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

12. SEGMENT AND GEOGRAPHIC INFORMATION

The Company has one reportable segment, and the Chief Executive Officer is the Company’s chief operating decision maker (CODM). The CODM uses the following reported measures to assess performance and make decisions on resource allocation throughout the Company:

	Engineered Solutions Segment
	December 28, 2024			December 30, 2023
Net Sales	$	272,751,967		$	258,857,380
Less:
Material cost		(142,280,064	)		(136,675,688	)
Labor cost		(13,809,443	)		(11,600,272	)
Other variable and fixed overhead¹		(49,395,300	)		(48,809,114	)
Gross Margin		67,267,160			61,772,306
Product development expense		(4,888,496	)		(5,592,355	)
Selling and administrative expenses		(42,229,660	)		(39,146,727	)
Operating Profit	$	20,149,004		$	17,033,224
Reconciliation of operating profit
Adjustments and reconciling items		-			-
Consolidated operating profit	$	20,149,004		$	17,033,224

¹ Other variable and fixed overhead items included in segment operating profit include manufacturing salaries, indirect labor, insurance, lease expense, depreciation, and other overhead expenses.

Geographic Information:
Net Sales:
United States	$	268,337,355	$	255,253,770
Foreign		4,414,612		3,603,610
	$	272,751,967	$	258,857,380
Foreign sales are primarily to customers in North America.
Identifiable Assets:
United States	$	221,585,028	$	237,591,947
Foreign		13,723,719		14,447,254
	$	235,308,747	$	252,039,201