Segment Reporting

9 Months Ended

Oct. 31, 2022

Segment Reporting

Segment Reporting

11. Segment Reporting

We manage our operations by evaluating each of our geographic locations. Our US operations include a facility in Alabama (primarily the distribution to customers of the bulk of our products and the light manufacturing of our chemical, woven, reflective, and fire products). The Company also maintains one manufacturing company in China (primarily disposable and chemical suit production), a manufacturing facility in Mexico (primarily disposable, reflective, fire and chemical suit production), a manufacturing facility in Vietnam (primarily disposable production) and a small manufacturing facility in India. Our China facilities produce the majority of the Company’s products and China generates a significant portion of the Company’s international revenues. We evaluate the performance of these entities based on operating profit, which is defined as income before income taxes, interest expense and other income and expenses. We have sales forces in the USA, Canada, Mexico, Europe, Latin America, India, Russia, Kazakhstan and China, which sell and distribute products shipped from the United States, Mexico, India or China.

The table below represents information about reported segments for the three and nine month periods noted therein:

	Three Months Ended October 31,						Nine Months Ended October 31,
	(in millions of dollars)						(in millions of dollars)
	2022			2021			2022			2021
Net Sales:
USA Operations (including Corporate)	$	15.37		$	11.72		$	41.03		$	39.43
Other foreign		2.33			2.22			6.95			7.23
Europe (UK)		1.48			1.70			5.34			8.79
Mexico		1.36			1.25			4.10			4.12
Asia		16.78			21.85			50.75			59.31
Canada		2.41			2.92			6.95			6.78
Latin America		2.56			2.49			7.01			9.28
Less intersegment sales		(13.90	)		(14.12	)		(38.28	)		(43.35	)
Consolidated sales	$	28.39		$	30.03		$	83.85		$	91.59
External Sales:
USA Operations (including Corporate)	$	14.02		$	10.61		$	37.15		$	36.46
Other foreign		1.73			1.69			5.37			5.02
Europe (UK)		1.48			1.70			5.34			8.79
Mexico		0.99			0.99			2.90			3.29
Asia		5.19			9.83			19.16			22.40
Canada		2.41			2.92			6.95			6.78
Latin America		2.57			2.29			6.98			8.85
Consolidated external sales	$	28.39		$	30.03		$	83.85		$	91.59

Intersegment Sales:
USA Operations (including Corporate)	$	1.34	$	1.09	$	3.88	$	2.97
Other foreign		0.61		0.54		1.59		2.22
Mexico		0.36		0.27		1.19		0.83
Asia		11.59		12.02		31.59		36.91
Latin America		-		0.20		0.03		0.42
Consolidated intersegment sales	$	13.90	$	14.12	$	38.28	$	43.35

	Three Months Ended October 31,						Nine Months Ended October 31,
	(in millions of dollars)						(in millions of dollars)
	2022			2021			2022			2021
Operating Profit (Loss):
USA Operations (including Corporate)	$	(0.11	)	$	(1.89	)	$	(3.42	)	$	(2.21	)
Other foreign		0.25			0.40			0.38			1.40
Europe (UK)		(0.45	)		(0.04	)		(1.08	)		1.72
Mexico		(0.32	)		(0.28	)		(0.94	)		(0.61	)
Asia		2.44			4.96			8.45			11.34
Canada		0.32			0.65			1.27			1.41
Latin America		0.37			0.43			1.21			2.10
Intersegment profit (loss)		(0.28	)		-			(0.40	)		(0.23	)
Consolidated operating profit	$	2.22		$	4.23		$	5.47		$	14.92

	October 31, 2022		January 31, 2022
	(in millions of dollars)
Total Assets:
USA Operations (including Corporate)	$	53.39	$	53.36
Other foreign		9.12		8.92
Europe (UK)		7.92		8.79
Mexico		5.81		5.06
Asia		46.61		52.26
Canada		5.56		4.99
Latin America		8.01		7.41
Consolidated assets	$	136.42	$	140.79

The table below presents external sales by product line:

	Three Months Ended October 31, (in millions of dollars)				Nine Months Ended October 31, (in millions of dollars)
	2022		2021		2022		2021
External Sales by product lines:
Disposables	$	14.08	$	18.14	$	41.32	$	53.04
Chemical		5.18		5.15		17.45		19.01
Fire		3.55		1.50		9.21		5.92
Gloves		0.63		0.63		1.72		1.66
High Visibility		1.70		1.65		4.63		3.81
High Performance Wear		1.34		0.90		3.81		2.77
Wovens		1.91		2.06		5.71		5.38
Consolidated external sales	$	28.39	$	30.03	$	83.85	$	91.59