Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.4.0.3
Segment Information
 12 Months Ended
Mar. 31, 2016
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,

 

 

 

2016

 

 

2015

 

 

2014

 

Heat transfer equipment

 

$

31,479

 

 

$

58,224

 

 

$

37,086

 

Vacuum equipment

 

 

28,323

 

 

 

28,698

 

 

 

27,236

 

All other

 

 

30,237

 

 

 

48,247

 

 

 

37,896

 

Net sales

 

$

90,039

 

 

$

135,169

 

 

$

102,218

 

 

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

 

 

 

Year ended March 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Africa

 

$

112

 

 

$

237

 

 

$

152

 

Asia

 

 

8,859

 

 

 

11,253

 

 

 

11,486

 

Australia & New Zealand

 

 

230

 

 

 

330

 

 

 

307

 

Canada

 

 

8,702

 

 

 

15,807

 

 

 

11,419

 

Central America

 

 

36

 

 

 

1,772

 

 

 

3,210

 

Europe

 

 

856

 

 

 

943

 

 

 

2,091

 

Mexico

 

 

620

 

 

 

407

 

 

 

728

 

Middle East

 

 

11,039

 

 

 

10,155

 

 

 

4,350

 

South America

 

 

2,558

 

 

 

7,866

 

 

 

4,625

 

U.S.

 

 

57,027

 

 

 

86,399

 

 

 

63,850

 

Net sales

 

$

90,039

 

 

$

135,169

 

 

$

102,218

 

 

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.

There were no sales to a single customer that amounted to 10% or more of total consolidated net sales in fiscal 2016, fiscal 2015 or fiscal 2014.