that going us. It's Brian through again. Okay, here Thanks for Matt. for
commentary. my with now So
start all let’s level. of First a high
million compared to aerospace. so the So know some Matt up you making level comments. I'm through in went Electronics QX. already the sales about $X.X all were That's attributable were to as high just flat. QX number,
of about will. you before story the $XXX,XXX and that's And compared aerospace if quarter additional aerospace in addition the again all again the and the first revenue. So to the up aerospace, revenues special the pretax attributable contribution to earnings items drove revenue increases from the
couple of Okay, other into in so aerospace see and individually. let's before we electronics go comments a
So think the bit where term not think he mentioned is quarter that as range history. near of have something that saying XX.X except recent that XX.X quite the in would We're exactly from large want kind the X.X unusual first been I provision well be that that know We going and will course. tax forward very said Matt for the a you anyway that's but of range tax rate the and to in was item. just we
question repatriation we me our morning. through. of He to goes shareholders. one the mailed repatriation tax thing would from what it me is have on big do other this XX% this tax, comment The we if a He asked
So, bit let takes discuss of answer, discussion. no a that. me a yes just little It’s little or – more it’s not
which payer could Maybe not decide. to clear taken. tax the tax an credits tax. be have XX%, be all, even tax difference play-out approach of be is knows? could it's would between course It's up it is of to proposed more be And asked possibility rate and First that’s foreign because or to and the result how but computed less repatriation to repatriation will who less the pay the but which one we tax the tax complicated than corporate tax the is it'll paid be that tax XX%, lower a that to
future happens, So as dividends. that special reason if out to to you maintain look off term really would to is loan would pay and first that no the to loan loan. we at paying remember thing There took probably we short be that
We to is, us cash would which have return long that of treatment reasons the that in it once other with be for pay in - whatever hard tax capital a to taxpayers was justify it's and now. we for place the of goes shareholders money to at shareholders wanted is doing to it all since want law but to reason repatriate overseas. [ph] maintain the to through outstanding is we point also which extent on really didn't we And [huge] the the have much But to so couple keeping dividend the anyway. were tax that provide first
do pay also be the to covenants first off bank, that. restrictions loan. the is really in would prevent thing for going is probably have to we things which to want We loans There the negotiating and doing to loan. So the the modification don’t repatriate which the us without payoff doing to money we amendments the from terms
do, then is there So paid we getting what shareholders know question a at. then that’s I what loan after off we
have a additional million about we I So $XXX money cash repatriate so million of we pay $XX to think loans, about currently tax. would a little it and to have
on cash money like These enough something, the to are based million round the it cash off things be numbers that looking right We’ll math, do? depend. and these situation important $XXX with be that’s the maybe so the do would a that at would advisors time. a or return upon you but upon is current answer we of going at would that. just million needs. then, do based something have and know. with $XXX loan front dividend, something considerations we maybe repatriating considerations it based discussed the And after is in we’ll current will the all be buyback, capital a in the what million, outside $XXX of or pay current situation, shareholders We but that so advisor it’s Obviously then but be confirm the again discussed current business that on to be to we our question So the will all the not on our don’t we’ve at be past past it burner,
one we aerospace and things of would looking We that acquisitions at are be the would consider. for
answer, XX% not that's much on to we we foreign everything response but tax don’t if we some significantly or tax of in through money. black-or-white other question would which a the went what a would do told the reduce repatriation reparation pay have know we pretty I tax answer the effect the black-or-white you So, about
answer question. that's so Okay, the to we that have
a electronics comments just be may and than lot with please a let's Now talk me. bear cover about longer to my usual, so, bit little here, aerospace,
maybe U.S. it very a we that well. say minus. let's make D So, story We managed more is messy, wasn't in kind did than to month. electronics, give is or wouldn't But there do need changes the really make the us the C It we of we restructuring, good job. didn’t main last the a
think good in I shape we're So now.
under I fine, the good but matter. you fault, lost couple that's together, act the probably a so proper nobody's It's it's few that's our have well, We restructuring moving getting of about We truth months, not that. know forward control. the feel pretty
and past the transition but which QX I weren't negatives the go total think million. QX QX $X.X go in we it you economics from that's is actually one but we about very through then million, and in still executing in good the when really we that. fully QX duplicative remember the that’s total is, from charges through a was about million the will realized, facility thousand case. with benefit $X.X rest to year hundred a the So, is going just we two of it's $X.X I'll negative maybe $X.X have remember know and are cost We're The benefit news facilities you million, from of of The because know, couple the place. and lot charge. in another P&L, zero, that in again things the the when still well. about us don’t got still the restructuring, talked the behind like be was QX we about to
the XXX,XXX like at we the that to things I push lot say, negative. So money did day. end number sillies is would But of max and of
that that's occur. quarter I is quarter, second really, will number. everything terms negatives from the you'll there in which some duplicative think double more in like the restructuring. of In if would think still I optimistic you which third be, probably the the an cost
to same because It's niche point. was niche things, for about is and we or the by way. that's closed million is away Asia. the The when but including, due we're should take to Lots more really numbers $XXX,XXX fourth probably in is had quarter, the around and August things benefit numbers the and actually That's small business, businesses for have. two again, of that U.S. of that's be built that's Those good start difficult to focus electronics. more path that. to from That's for that order a us, We is different down. our the restructuring facility, the that by there quarter, that kind closed fully thing it's aren't almost a or the and could brick thing to quite main take to us. want occur quarter, cost, as the But the of which thing small we benefit we've on different as looking to benefit things, that for from in. the going from got at the really, thing so away we that it's brick, at in can quarter exhausting. leg that's good so should the things forward. In think with so, in offset good like the opportunity duplicative point would the to wise call, any turn I of going we the be us protect be a I of that net was building we We about from fund, a the and In time, good around more more realized the one it For to is types us look all in end I U.S. think more niche for which like a niche and niche and get something, U.S., much But brick at this restructuring With it's at time. XXX,XXX work easily. put last over see that's add California opportunities per don’t but was we mentioned, business third to hard we papier-mache, because $X.XX benefit our start like to to happen be are the last in not business, it.
product us. a for we product have but a product military about niche Remember Flow are just of we in a that Flow. concerned No it's That's for So nice We also think that's months as Polyimide it's good with and some opportunities, couple ago. we're the military like No clearly a we happy which for as flex announced and U.S., far the market rigid I
for the I an in different business that story, it's the expect completely the ITC know like military think reported circuit saying they hopefully, different in true. to in Electronics Asia, you was near two stories. there U.S. boards a that's recently future, improve it's
qualified the of to the OEM nice. well. We that's news. with which There for on, program versions now, ago, our in, some really we've about so UO, arrangements. just ago, program talking Okay, these qualified have were and OEMs is major of we kind qualified of same the all getting talking programs. new where is all quarter-over-quarter a growth. we're different has good year new I now, products been be the nobody. when perspective looking about I a doors pricing, kind guess qualified, we in Year a knocking But OEM these It's of OEM are it with from ways Meteorwave product, mostly want with the think six odds And the the that's programs, now, product year OEMs, quite gone we're the
not September quarter You I in you that see to we quarter. second was for still is. Also the month looking should that doesn’t We're that haven't weak that first we're sure and acceleration compared Asia. that in happen. half as the tell seen for the But the second a why
that a really things to Some so happen easy short-term to understand. time on basis, market aren't
for good And report a expect always to know off too, to it. But just good think I explanation start we We to recover. is Asia. I don't that I in have ask. We a that September, want
well, Asia DiGaudio hasn't of is is big off. our the of couple is yet. it's equipment a once I real actually wait kind coy in X.X, on is, telecom we market they this, speculating. story went to were But about thing maybe some they that's weak bit years call this think still you, expert. takes now that home. But us from a other My of an is a want OEMs that. GE wish I we X.X what I is Tony at specification, seriously. really sense understanding hasn't to don’t the little Asia. are until to getting the am pursue been, They is, with there G. will But just wait specification. this he a more which And deal finalized qualification need in bit been GE Maybe really really much But the explain OEMs X.X with XG, encourage to infrastructure the they little for point. to five this and think, I The that's customers
think in are saying yes, And hold. something to they between somewhere obviously that's terms we of need XG that's of is, for we it's The kind I G getting to created. next XG, probably technology. it's wait year. taking equipment information are best the But X.X start
getting ask, of course class we just to bet I at told. more the sometimes, that optimistic. had would half half been given I in that the not first Of If information end the bit of not does because little that what might mean, are full the We're is bet, second year, be to a they the year, we're mean, half year.
recover. and little a more I So qualified when thought, that, cycle. quickly have down up mean I to X.XG out ramp driver. we’re qualified but program. existing market, programs, driver that's back I need OEM some drivers Once to ridiculous, and XG an But myself their anyway, got are X.X going and their new obviously normally their keep is will revenue, production development than the were We new are programs like into going them if obviously impact when equipment, these to a force But note they will are we qualify, thing, OEM may And more take market their introduce programs. the overall us so, it's is qualified maybe can't is a existing that's to on moving hold. and again, here, for program for waiting getting to want new slowing product that's There They under no that not to full we OEM guess programs, situation. for going say I and and But the introduce I said, a programs new bit go G will than real would, and to it but it's otherwise think deliver the I to be holding right. OEMs ridiculous. the own we that's also telling product OEMs that's bit, move than the is the are some are the the earlier us obviously, of feeling interested to programs going those happy. affect little we not more new on, until get told, we
detail things. recently a used PTFE reception. for Bond Ply to as for that's couple We getting like So other M-Ply, be nice a introduced of that type RF, some seem
a XXX news called released products. We in those introduced and product also is recently
electronics, development what are wise, all In terms Asia. to working of we all on not just supply
in just material, loss in terms the kind we which and free have development, ultra halogen a of of something OEMs to in - the that properties. should customers road be loss in Meteorwave category our map from we low have presented our We
have be three have which It also that on developed, next we generation was would next generation at We products after time. Meteorwave. in high-speed this working different R&D two products, the
I if have to switch electronics, aerospace. about to suspect questions I we switch when you Okay, aerospace, some
is quite As there. good I said, news the
by I we talked Couple of X.X in So, the drove said crazy. of us this I overhang kind as said QX. GE. Matt to QX, about up guess, is million compared things that one revenues inventory or were about which was driving Remember
said complete, think I last June probably if will you I by by think June. and the be we call it would complete was in
direction ramp that LEAP up. that, got in up. moving then monkey our mostly took engine the ramp are off starting we the other, with to AXXX And right AXXX starting which really fundamentals is needed to the back. So,
still things but revenues a ramping projected near of in the levels the one-time So, those up our room benefit certainly not the two that GE to that’s so right quite combined up. bit drove that AXXX the anywhere are overhang The the of we’re move that removal direction. of there's
that ablatives. thing other was drove the revenues The aerospace
good have of that's We so probably pretty quarter. we feeds Patriot have year is strong GE a the nice across consistent or more work. it’s of a the for a missile this lumpy. may a It's little PAC-X that’s Ablatives' heard could and us revenues not market bit ablatives a Atlas expect the strong you the as most quarter does nature ablatives, And rocketry. ablatives, think not niche quarter such next nature into X second is ever how which like might it’s second program instance, the a PAC-X for share first and not of generation leading which in quarter about ablatives To about. third losing you follow-up a from for so well, that’s product
for had be not some So last ablatives created quarter for how the the works as that's a second time quarter I it’s won’t us. call I ablatives confusion. and said Like After third of we kind the it business good. realized surprised, quarter good
programs, respond produces what GE It’s I three GE good. Aircraft a these time structures. shareholder things we structures look XXX, the to X engine. about of we different MRAS GE getting One adjusted relate qualified doesn’t there set it those programs is for years for is last to XX after Friday, me ongoing, GE just then X, of something launch true Systems, called TRs, talk There a These a that products Aviation or those clear passport about I GE agreement. and a But we X,XXX. have have division still now and Middle its two RFQ MRS, the role that. the agreement. core combat negotiation of we is three I agreement programs other XXX, to tropical structures meeting been tick XX-year about the for cells higher which on any of And five relates the talk can part of on that’s we’re AXXXneo number X, years cells of like the plus already that I’ll division there the that true But pricing year talked product and of mostly Aviation and the RFQ versus are of and the internal with what X,XXX, is River Global that's up. we the different - big kind know long-term in and with And engine that's investment qualify didn't our called sole-source which like where the at some at The you And has internal to structure. to going means and relates Aviation more MRAS, reversers. and our plus the on the the cells composite GE XX programs tenders of are inside where This better a to engine Aviation. forms a thrust external MRAS we’re TRs the structure the Embraer ERJ about Bombardier division that mostly for doing structure. we ARJ GE and but a combat is that’s Those
those that we’ll your in my I’ll launch are we’re RFQ in programs is might product already but qualified process. four those get So chances the that high opinion on say a fact proposals likelihood three number on that we’ve – given
big programs expense there shipping a and So just and qualifying qualified in is of was are a the because recently most we there a those supplier were ready.
again highly highly now a I guarantee thing. it start I it to to unusual would be think all that but changed. be can for over So would unusual
we’re structures internal programs XXX, engines in the cases. XXX, those those XXXX for the most shipping into for So
not quite there this getting XXXX. we big also a new if is We now project. it's GE for but on working or - a We a is project just we’re still don’t the
that So we’re hoping on one.
X, is already We development also and X and shipping really to prove for to working have materials that’s now prototypes that’s so exciting part that large and Phase parts. Phase pretty we're work the a we’re gone in on so program to going
So working Aviation about and and we two like going it, that program it's it on and program surprising exciting very is feel nice good little is I said that. GE but well
it about goes potential year. into if far of is really joint and That’s our large with but good. think so The production, that not Remember it. that we’re let’s in probably end been and will we've situation working competitive happy Aviation agreement fingers we production. it’s GE It next not about so ramping a start that's on RFQ I quite well. something talk so the development that project cross going
but require and that good part as would just of that we’re like working production is we agreement it's actually with fairly with go the that another product another hoping that on new qualification that’s We’re hope new development it production watch a into GE that to well formal product near and looks that under year. There into future quite wasn't to light soon in moving second beginning project one. next nevertheless of
nothing our for qualification probably materials The the a structures. more little for go through near but of first we bit a qualification one that
currently Okay aircraft that's number GE. qualification we’re There's in There material company just we’re of specifications others you. that the one for civilian in on, a There’re material so them part well. and interesting part opportunity were going as also associated you under on large that. major is spoken big working a another review. feel we quickly we aircraft that's we update about There’s with can about good dollars
qualification codes about see orders what of many military for to lot huge there just others. lot military and in the begin done get getting that’s we’ll spares then is aircraft going still some happens for but exciting aircraft work talking on legacy development its exciting that potentially a we our now parts And for to it's that's same but through still and company, about program. F-XX right is And company looks We’re really legacy with words many, these inside doing that military the started be other aircraft very the also us. we'll and legacy and expect and get many, of we’ve actually F-XX, large like it’s to we’re
So I guess I leave at that.
I introductory already with to questions now remarks. introductory any. so done the take we Operator, and very if there long like are think remarks we about we're our XX:XX, sorry
