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Segment Reporting
 6 Months Ended
Jul. 31, 2023
Segment Reporting  
Segment Reporting

13. 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). The Company also maintains one manufacturing company in China (primarily disposable and chemical suit production), a manufacturing facility in Mexico (primarily disposable, reflective, fire service 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 six month periods noted therein:

 

 

 

Three Months Ended

July 31,

 

 

Six Months Ended

July 31,

 

 

 

(in millions of dollars)

 

 

(in millions of dollars)

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

USA Operations (including Corporate)

 

$16.55

 

 

$13.43

 

 

$30.16

 

 

$25.68

 

Other foreign

 

 

3.22

 

 

 

2.43

 

 

 

6.30

 

 

 

4.62

 

Europe (UK)

 

 

5.40

 

 

 

1.88

 

 

 

9.42

 

 

 

3.85

 

Mexico

 

 

2.37

 

 

 

1.50

 

 

 

3.61

 

 

 

2.74

 

Asia

 

 

10.91

 

 

 

19.32

 

 

 

22.03

 

 

 

33.98

 

Canada

 

 

2.03

 

 

 

2.26

 

 

 

4.56

 

 

 

4.53

 

Latin America

 

 

4.61

 

 

 

2.55

 

 

 

7.79

 

 

 

4.45

 

Less intersegment sales

 

 

(12.02)

 

 

(15.19)

 

 

(22.10)

 

 

(24.39)

Consolidated sales

 

$33.07

 

 

$28.18

 

 

$61.77

 

 

$55.46

 

External Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USA Operations (including Corporate)

 

$15.21

 

 

$11.90

 

 

$27.49

 

 

$23.13

 

Other foreign

 

 

1.97

 

 

 

1.83

 

 

 

4.24

 

 

 

3.64

 

Europe (UK)

 

 

5.31

 

 

 

1.88

 

 

 

9.33

 

 

 

3.85

 

Mexico

 

 

1.09

 

 

 

1.06

 

 

 

1.89

 

 

 

1.91

 

Asia

 

 

2.96

 

 

 

6.74

 

 

 

6.63

 

 

 

13.98

 

Canada

 

 

2.04

 

 

 

2.26

 

 

 

4.56

 

 

 

4.53

 

Latin America

 

 

4.49

 

 

 

2.51

 

 

 

7.63

 

 

 

4.42

 

Consolidated external sales

 

$33.07

 

 

$28.18

 

 

$61.77

 

 

$55.46

 

Intersegment Sales:

 

 

 

 

 

 

 

 

 

 

 

 

USA Operations (including Corporate)

 

$1.32

 

 

$1.53

 

 

$2.66

 

 

$2.55

 

Other foreign

 

 

1.25

 

 

 

0.60

 

 

 

2.07

 

 

 

0.98

 

Europe (UK)

 

 

0.09

 

 

 

—

 

 

 

0.09

 

 

 

—

 

Mexico

 

 

1.28

 

 

 

0.44

 

 

 

1.72

 

 

 

0.83

 

Asia

 

 

7.96

 

 

 

12.58

 

 

 

15.40

 

 

 

20.00

 

Canada

 

 

—

 

 

 

—

 

 

 

0.01

 

 

 

—

 

Latin America

 

 

0.12

 

 

 

0.04

 

 

 

0.15

 

 

 

0.03

 

Consolidated intersegment sales

 

$12.02

 

 

$15.19

 

 

$22.10

 

 

$24.39

 

 

 

 

Three Months Ended

July 31,

 

 

Six Months Ended

July 31,

 

 

 

(in millions of dollars)

 

 

(in millions of dollars)

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating Profit (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

USA Operations (including Corporate)

 

$1.16

 

 

$(1.24)

 

$(0.65)

 

$(3.30)

Other foreign

 

 

0.56

 

 

 

(0.07)

 

 

1.22

 

 

 

0.14

 

Europe (UK)

 

 

0.38

 

 

 

(0.36)

 

 

0.59

 

 

 

(0.62)

Mexico

 

 

(0.47)

 

 

(0.07)

 

 

(0.86)

 

 

(0.61)

Asia

 

 

1.03

 

 

 

3.40

 

 

 

1.88

 

 

 

5.95

 

Canada

 

 

0.21

 

 

 

0.32

 

 

 

0.66

 

 

 

0.95

 

Latin America

 

 

1.19

 

 

 

0.54

 

 

 

2.07

 

 

 

0.84

 

Intersegment profit (loss)

 

 

(0.33)

 

 

(0.72)

 

 

0.76

 

 

 

(0.11)

Consolidated operating profit

 

$3.73

 

 

$1.80

 

 

$5.67

 

 

$3.24

 

 

 

 

July 31, 2023

 

 

January 31, 2023

 

 

 

(in millions of dollars) 

 

Total Assets Less Intersegment:

 

 

 

 

 

 

USA Operations (including Corporate)

 

$70.18

 

 

$64.33

 

Other foreign

 

 

9.76

 

 

 

9.24

 

Europe (UK)

 

 

11.42

 

 

 

12.53

 

Mexico

 

 

5.54

 

 

 

5.32

 

Asia

 

 

32.15

 

 

 

35.64

 

Canada

 

 

7.62

 

 

 

5.81

 

Latin America

 

 

10.77

 

 

 

9.30

 

Consolidated assets

 

$147.44

 

 

$142.17

 

The table below presents external sales by product line:

 

 

 

Three Months Ended

July 31,

(in millions of dollars)

 

 

Six Months Ended

July 31,

(in millions of dollars)

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

External Sales by product lines:

 

 

 

 

 

 

 

 

 

 

 

 

Disposables

 

$12.55

 

 

$12.72

 

 

$24.91

 

 

$27.22

 

Chemical

 

 

5.26

 

 

 

7.16

 

 

 

10.71

 

 

 

12.27

 

Fire Service

 

 

9.00

 

 

 

2.98

 

 

 

14.47

 

 

 

5.67

 

Gloves

 

 

0.49

 

 

 

0.55

 

 

 

1.20

 

 

 

1.09

 

High Visibility

 

 

1.58

 

 

 

1.34

 

 

 

2.73

 

 

 

2.94

 

High Performance Wear

 

 

1.47

 

 

 

1.11

 

 

 

2.74

 

 

 

2.48

 

Wovens

 

 

2.72

 

 

 

2.32

 

 

 

5.01

 

 

 

3.79

 

Consolidated external sales

 

$33.07

 

 

$28.18

 

 

$61.77

 

 

$55.46