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MFRI, Inc. |
Exhibit B | ||||||||||||
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Response to February 13, 2006 SEC Comment Letter | |||||||||||||
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Operating Unit Data requested - $thousands |
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Industrial |
Industrial |
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Midwesco |
TDC |
Nordic |
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Process |
Process |
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Filter |
Filter |
Air |
Filtration |
Piping |
Thermal |
Boe- |
Cooling |
Cooling |
Combined |
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MFRI | |
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Resources |
Mfg. |
Filtration |
Products |
Systems |
Care |
Therm |
Equipment |
Equipment |
Operating |
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Consoli- | |
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Inc. |
Inc. |
A/S |
Total |
Business |
Inc. |
A/S |
Eliminations |
Total |
Segments |
Corporate |
dated | |
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2004 |
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Sales |
33,617 |
15,989 |
12,134 |
61,740 |
54,053 |
25,014 |
4,694 |
(405) |
29,303 |
145,096 |
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145,096 | |
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Gross profit |
5,486 |
4,039 |
2,795 |
12,320 |
10,284 |
7,381 |
1,143 |
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8,524 |
31,128 |
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31,128 | |
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Gross profit % |
16.3% |
25.3% |
23.0% |
20.0% |
19.0% |
29.5% |
24.4% |
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29.1% |
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21.5% | |
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Operating profit |
628 |
1,448 |
1,463 |
3,539 |
5,405 |
1,251 |
319 |
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1,570 |
10,514 |
(5,337) |
5,177 | |
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Operating profit % |
1.9% |
9.1% |
12.1% |
5.7% |
10.0% |
5.0% |
6.8% |
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5.4% |
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3.6% | |
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2003 |
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Sales |
31,557 |
13,802 |
9,513 |
54,872 |
40,523 |
22,075 |
3,692 |
(273) |
25,494 |
120,889 |
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120,889 | |
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Gross profit |
4,401 |
3,487 |
1,894 |
9,782 |
7,516 |
6,306 |
994 |
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7,300 |
24,598 |
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24,598 | |
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Gross profit % |
13.9% |
25.3% |
19.9% |
17.8% |
18.5% |
28.6% |
26.9% |
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28.6% |
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20.3% | |
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Operating profit |
(776) |
1,216 |
705 |
1,145 |
2,281 |
469 |
269 |
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738 |
4,164 |
(4,885) |
(721) | |
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Operating profit % |
-2.5% |
8.8% |
7.4% |
2.1% |
5.6% |
2.1% |
7.3% |
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2.9% |
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-0.6% | |
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2002 |
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Sales |
33,154 |
13,351 |
6,669 |
53,174 |
44,037 |
22,779 |
3,228 |
(321) |
25,686 |
122,897 |
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122,897 | |
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Gross profit |
4,874 |
3,234 |
1,390 |
9,498 |
10,187 |
6,506 |
749 |
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7,255 |
26,940 |
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26,940 | |
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Gross profit % |
14.7% |
24.2% |
20.8% |
17.9% |
23.1% |
28.6% |
23.2% |
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28.2% |
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21.9% | |
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Operating profit |
(1,366) |
1,094 |
672 |
400 |
4,321 |
608 |
94 |
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702 |
5,423 |
(4,509) |
914 | |
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Operating profit % |
-4.1% |
8.2% |
10.1% |
0.8% |
9.8% |
2.7% |
2.9% |
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2.7% |
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0.7% | |
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