Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.7.0.1
Segment Information
 12 Months Ended
Mar. 31, 2017
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,

 

 

 

2017

 

 

2016

 

 

2015

 

Heat transfer equipment

 

$

27,616

 

 

$

31,479

 

 

$

58,224

 

Vacuum equipment

 

 

29,672

 

 

 

28,323

 

 

 

28,698

 

All other

 

 

34,481

 

 

 

30,237

 

 

 

48,247

 

Net sales

 

$

91,769

 

 

$

90,039

 

 

$

135,169

 

 

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

 

 

 

Year ended March 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Africa

 

$

150

 

 

$

112

 

 

$

237

 

Asia

 

 

7,711

 

 

 

8,859

 

 

 

11,253

 

Australia & New Zealand

 

 

42

 

 

 

230

 

 

 

330

 

Canada

 

 

3,506

 

 

 

8,702

 

 

 

15,807

 

Central America

 

 

38

 

 

 

36

 

 

 

1,772

 

Europe

 

 

533

 

 

 

856

 

 

 

943

 

Mexico

 

 

2,690

 

 

 

620

 

 

 

407

 

Middle East

 

 

3,160

 

 

 

11,039

 

 

 

10,155

 

South America

 

 

4,773

 

 

 

2,558

 

 

 

7,866

 

U.S.

 

 

69,166

 

 

 

57,027

 

 

 

86,399

 

Net sales

 

$

91,769

 

 

$

90,039

 

 

$

135,169

 

 

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, or Syria.

In fiscal 2017, total sales to one customer amounted to 11% of total consolidated net sales.  There were no sales to a single customer that amounted to 10% or more of total consolidated net sales in fiscal 2016 or fiscal 2015.