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Business Segments
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Business Segments

17.

Business Segments

Presented below are the net sales and (loss) income before income taxes for the Corporation’s two business segments:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forged and Cast Engineered Products

$

61,179

 

 

$

54,499

 

 

$

195,558

 

 

$

173,723

 

Air and Liquid Processing

 

20,006

 

 

 

21,175

 

 

 

64,855

 

 

 

67,792

 

Total Reportable Segments

$

81,185

 

 

$

75,674

 

 

$

260,413

 

 

$

241,515

 

(Loss) income before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forged and Cast Engineered Products

$

(2,832

)

 

$

1,301

 

 

$

688

 

 

$

5,434

 

Air and Liquid Processing

 

2,891

 

 

 

2,261

 

 

 

7,265

 

 

 

7,691

 

Total Reportable Segments

 

59

 

 

 

3,562

 

 

 

7,953

 

 

 

13,125

 

Other expense, including corporate costs

 

(1,234

)

 

 

(1,694

)

 

 

(5,837

)

 

 

(8,073

)

Total

$

(1,175

)

 

$

1,868

 

 

$

2,116

 

 

$

5,052