Item 2. Properties
Item 2. Properties.
Our corporate headquarters is located at a leased facility in Davidson, North Carolina. As of December 31, 2025, we had 146 facilities worldwide, consisting of 142 facilities associated with our reportable segments as well as four corporate and shared-services facilities. Approximately 84% of our facilities operate as manufacturing and engineering, or metal treatment plants, while the remaining 16% operate as selling and administrative office facilities. The number and type of facilities utilized by each of our reportable segments are summarized below:
Owned Facilities Location Aerospace & Industrial Defense Electronics Naval & Power Total
North America 7 1 5 13
Europe 9 — — 9
Total 16 1 5 22
Leased Facilities Location Aerospace & Industrial Defense Electronics Naval & Power Total
North America 41 16 25 82
Europe 14 4 8 26
Asia 10 — 2 12
Total 65 20 35 120
The buildings on the properties referred to in this Item are well maintained, in good condition, and are suitable and adequate for current needs. Management believes that the productive capacity of our properties is adequate to meet our anticipated volume for the foreseeable future.
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