Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.8.0.1
Segment Information
12 Months Ended
Mar. 31, 2018
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,

 

 

 

2018

 

 

2017

 

 

2016

 

Heat transfer equipment

 

$

27,023

 

 

$

27,616

 

 

$

31,479

 

Vacuum equipment

 

 

22,175

 

 

 

29,672

 

 

 

28,323

 

All other

 

 

28,336

 

 

 

34,481

 

 

 

30,237

 

Net sales

 

$

77,534

 

 

$

91,769

 

 

$

90,039

 

 

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

 

 

 

Year ended March 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Asia

 

$

10,200

 

 

$

7,711

 

 

$

8,859

 

Canada

 

 

8,888

 

 

 

3,506

 

 

 

8,702

 

Middle East

 

 

3,785

 

 

 

3,160

 

 

 

11,039

 

South America

 

 

1,560

 

 

 

4,773

 

 

 

2,558

 

U.S.

 

 

51,950

 

 

 

69,166

 

 

 

57,027

 

All Other

 

 

1,151

 

 

 

3,453

 

 

 

1,854

 

Net sales

 

$

77,534

 

 

$

91,769

 

 

$

90,039

 

 

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 2018 or fiscal 2016.