CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
Twelve Months Ended
December 31
December 31
2025
2024
2025
2024
Net Sales
$
94,142
$
70,474
$
287,001
$
248,585
Cost of Sales
62,054
44,665
193,201
166,124
Gross Profit
$
32,088
$
25,809
$
93,800
$
82,461
Selling, General and Administrative Expense
15,100
12,235
50,263
46,248
Operating Income
$
16,988
$
13,574
$
43,537
$
36,213
Interest Expense
(47
)
(45
)
(210
)
(301
)
Other Income
948
492
2,473
2,377
Income before Provision (Benefit) for Income Taxes
$
17,889
$
14,021
$
45,800
$
38,289
Provision for Income Taxes
4,648
2,881
11,120
8,617
Net Income
$
13,241
$
11,140
$
34,680
$
29,672
Earnings per Common Share, – Basic and Diluted
$
14.73
$
11.89
$
37.53
$
30.46
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Twelve Months Ended
December 31
2025
2024
Net Income
$
34,680
$
29,672
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment
3,185
(1,577
)
Change in Pension Liability
64
Comprehensive Income
$
37,865
$
28,159
CONSOLIDATED BALANCE SHEETS
December 31
December 31
2025
2024
Cash and Cash Equivalents
$
29,883
$
21,169
Marketable Securities
19,913
24,446
Accounts Receivable, net
41,719
31,266
Inventories (FIFO)
52,715
40,905
LIFO Reserve
(21,051
)
(20,146
)
Inventories (LIFO)
31,664
20,759
Current Net Investments in Sales-Type Leases
62
39
Other Current Assets
5,758
4,933
Current Assets
$
128,999
$
102,612
Net Property, Plant, and Equipment
79,083
50,754
Right of Use Assets
2,276
2,235
Other Assets
1,625
1,862
Long-Term Net Investments in Sales-Type Leases
2,338
