Sales occur principally in the United States and Western Europe.
Sales are also made to customers in Canada, China, Mexico, Japan, Australia and other foreign countries. A substantial portion of the Company's sales are to small and medium-sized independent job shops, which in turn sell machined parts to their industrial customers. Industries directly and indirectly served by the Company include automotive, medical equipment, aerospace, defense, telecommunications, fiber optics, recreational equipment, farm equipment, construction equipment, energy and transportation. Earnings were partially offset by increased administrative expenses as a percentage of revenues. All Rights Reserved.