Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.1.9
Segment Information
 12 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information

Note 13 — Segment Information:

The Company has one reporting segment as its operating segments meet the requirement for aggregation. The Company and its operating subsidiaries design and manufacture heat transfer and vacuum equipment for the chemical, petrochemical, refining and electric power generating markets. Energy Steel supplies components and raw materials for the nuclear power generating market. Heat transfer equipment includes surface condensers, Heliflows, water heaters and various types of heat exchangers. Vacuum equipment includes steam jet ejector vacuum systems and liquid ring vacuum pumps. These products are sold individually or combined into package systems. The Company also services and sells spare parts for its equipment.

Net sales by product line for the following fiscal years are:

 

     Year ended March 31,  
     2015      2014      2013  

Heat transfer equipment

    $ 58,224       $ 37,086       $ 43,764   

Vacuum equipment

      28,698         27,236         22,891   

All other

      48,247         37,896         38,318   
  

 

 

     

 

 

     

 

 

  

Net sales

    $ 135,169       $ 102,218       $ 104,973   
  

 

 

     

 

 

     

 

 

  

The breakdown of net sales by geographic area for the following fiscal years is:

 

     Year ended March 31,  
     2015      2014      2013  

Net Sales:

         

Africa

    $ 237       $ 152       $ 235   

Asia

      11,253         11,486         17,048   

Australia & New Zealand

      330         307         29   

Canada

      15,807         11,419         7,084   

Central America

      1,772         3,210         4,633   

Europe

      943         2,091         2,027   

Mexico

      407         728         89   

Middle East

      10,155         4,350         14,834   

South America

      7,866         4,625         3,299   

U.S.

      86,399         63,850         55,695   
  

 

 

     

 

 

     

 

 

  

Net sales

    $ 135,169       $ 102,218       $ 104,973   
  

 

 

     

 

 

     

 

 

  

The final destination of products shipped is the basis used to determine net sales by geographic area. No sales were made to the terrorist sponsoring nations of Sudan, Iran, Cuba, North Korea or Syria.

There were no sales to a single customer that amounted to 10% or more of total consolidated net sales in fiscal 2015, fiscal 2014 or fiscal 2013.