maybe Thank today me to of information. Matt Happy should our through CFO. of morning he Brian, operator. things going cover course. do Farabaugh, you our to have the we're is This lot do of with terms Year. Matt we reading introductory is everybody. financial have I And very much, since in suggested New skip remarks supplementary Good a
However, this it is -- that was posted on morning. our website
So I some think the information to release. not you are release things news news refer information to because in definitely that that in want also but the some
get said, cover. Like some So we're started just with we things to have going I number of I'll commentary. to do ahead. go
So to to get and our then questions we we’ll get course. want moving of
financial So, finance the okay, our supplement, on again look so information website. up
is something event there. You'll is Also, it time which FDA the Conference our Growth the I call a find is XXth, to think which it. and That's It's date webcast. I mention presenting is XXth you our Needham is an at important that as January wanted XX:XX. Park
year a time forecast Conference do up including Needham - forecast, forecast a our everybody's announced at fiscal that did we third So presentation presentation quarter --this fiscal with this year; last XXXX. we And on lot going updating January information of we that of that updating be the results. a that the this And time welcome. will we Xth through ago through We'll a was presentation year we when presentation through XXXX. in including did the be the
we'll So another year. add
do will the weeks and presentation not I So definitely road. about decided We'll said the on Needham Conference just in. this updating to two wait down the forecast is thinking which we the for call, the would we that. XXth. for want I check but We're you think Like
let's Okay, started here. get
the review million. end announced did. let's So course. to $XXX since December. in quarter X We happened for of is on AGC actually Electronics Inc Japan the Most of know you our This as Business sold of actually some of of Tokyo, December this it
we it, would perspective very Electronics result Business. add for So AGC; from the Park just former won't our Park, of on employees the Park shareholders; business dwell I for Electronics my for good for customers for and former
very all So way all things a considered around. it's think the good result I
Next but significant item is news. pretty not --this is it of, something you is aware some are
with So that subsidiary Aviation principally MRAS we an through GE a is with the pricing --sorry agreement. reached agreement This MRAS, calendar is of we through Aviation fiscal XXXX. at GE deal
we XXXX was discussed just first in XXXX, plus in plus agreement. it this of five terms a agreement five I but XXXX the XX-year three was We think through and calendar had pricing three we were years.
agreed now we pricing through hard So XXXX. to
to XXXX We that's from forecast, have of XXXX. $XXX this right with in GE the through hard on Based about of XXXX. million division Aviation we've worth a MRAS agreement been business
much to there's last some say platform will I GE with pretty go we referred quite XXXX. calendar which that good news in program think a I'm being into potentially So Aviation without well. for And on event. to the it's detail is through specific that be that that I able except front We going have received as another the POs not the call, think significant. I opportunity Also, to major very And XXX pounds much is that this that engine content. of now XX triple that's to or inches GXX lot is XXX,XXX The wonderful a over GXX by on think That's the a diameter over feet. with very about a is I Aviation. engine GE more had inches. excited really XX of fan on being developed incredible engine small thrust. a some is be very The We This that's that. significant program but is we content
So ours. customer risk only this a think is gets and have, risk that we of our is program. my The serious program I that designed feeling the it's about out
Our customer is concerned is very will I'm loses unless this far as doubtful as but program that that ours program. customer our happen, the
POs. is calendar that a very the we're want a development component, Aviation million. engine? this [under estimating should much It's position million same of program lot more to clear is when And will-- program we're per How that's be from and what and through XXXX detail. by XX rough GE to of that MRAS. $XXX engine. $XXX in from we not based a about tell because We're I of I XXXX upon usages. XXXX, used So Those not through year the for but over us program that not in still that. calendar would from critical that under going you move I a million will to there's is program period anything material where the the in the If --it's have XXXX we provided maybe different component to to development we include number information a discuss refinement are be happens in to terms only numbers $XXX sales],
we is on with release We So said which some detail plant so now Xth the aware, look item December you announced expansion. news We up. provided. that are you did our another can
their reached GE Needham detail an mean soon promised hard agreement, this provide the designed we as Aviation calendar plant companies. more redundant Conference. as a aircraft XXXX. customers. through the will at plant pricing We to would It I do we MRAS We redundant expansion was be a big and this about for and
we that So reach agreement.
as pretty XXXX aerospace we're a conceived sole And originally this and when We which source in have so really though with XXXX, qualified The is plant the plant a especially starting your like through needed redundant with is calendar probably hard a agreement redundant we the plan. for proceeding and are. good. timing was capacity MRAS XXXX critical
we'll additional that's should and good show more could that. million review can explain conference. $XX provide $XX it's and things about news. diagrams of feet XX,XXX I been good get making during Conference, I completed about Needham $XX about I it's million we'll we but quick square amount capacity So that million any the calendar like by next melt double plan But year. The like information the next This that's think a like $X plant more Like approximately details anyway Conference. we cost said we news this contemplated additional hot million Needham we more just said, provide year, when investment. the an explain said, is We And to whole actually Needham to $X that in by million.
current Our melt is $XX capacity about hot million.
some are to about. there So think numbers
MRAS Business. So our hard the GE a done I lot got XX deal got XXXX. was the in Electronics from We say. and announced POs We we our We and December expansion. sold for must program
by would calendar not just normally And said have sure done of get known I believed would would high it happen, things at to year, those to that I the am I aspirations. I happen. all but four end So say I'm November it the the did be but really beginning nice
Electronics sale the especially of events four those Business. So
words of respect but like they the transformation don't is don't that that big point case see Company exaggeration. are you any Words think Electronics transformation where from company. completes in as overused anything, mean like to in that the aerospace any to So word I Park an an
long, a XX we very ago. way serious go difficult road XX into years, years. XX about aerospace decided It's years to So to been in for last a XX
January in XXXX. made we think decision the of I
that's ago. So XX years
broke at obstacles, right to want a away. were are a other really looking But lot have years, it. on doing plant, in you lot of terms to no of not I had they now to we maybe look of failures; maybe succeeded irrelevant in on at about the trying our disappointments. But and us, a go setbacks; yet. we a matter give maybe some think doing of it's believed in years how we say loneliness didn't or would to lot We've the things we lot almost you period. laughed XX A XX and ground business ago didn't lost that think it's or XX, overcome by and how lot difficult dismissed much I depending were years lot I of look was up of of quit A a thing. outside XX first nobody how so very at as back get companies on even so been
This think a didn't it I people say what and on own important one We money must our opinion incredible that We brick else's at this I acquisitions, fast a remarkable. it quite use any This at money. are in done about time. thing somebody our own. my built We did business. that using brick and time not is do our that built is it. We the no. we one to is So
aerospace as brick We one We was us. our at earned are it. in be. to We time. given company not something as one much an could It's own that did a
me That's real it's substantial to So and sustainable. my it's opinion anyway. it's and
where be. saying want we Because true. not it's So to are not. wouldn't where be we we're we're that That
our that a we've do But a go we groundwork company for have laid long think to do. way the have to the to things future. I these for we We for and lot doing want
$XX.XX we and started guess I dividends, dividend. been you heard XXXX of is it XXXX $XXX about over but that's million, fiscal bring since dividends about million since million, cash declared special $XXX paying this Okay, XXs moving special us which to yesterday the $XX We've when increased over on. dividend dividends will our that We pay $X.XX approximately cash year. regular dividends
it's regular regular refer We we We've not never to skipped since kind that dividend. dividends been date dividends starting a a it's often paying true. and So but of the XXXX point, XXs.
A to it's form? So into this about helpful much we as I terms want should that think lot question of a aerospace come all buyback anyway. lot not new would not to investors highlight and analysts Was did advisors. what come factors. a and something thing consult be science instance? there us, like buyback do we're how-- I our very was and really a our how rocket oriented it but We or regarding do at decision So whether is or would weighed you How we point a all. judgments are at we they science our it up There one to a the now with were for know number? involved. a dividend of make company. with We --whether see professional advisors a in of outside As
kind Our float low. is already not that of great. It's
coming people of be float would And aerospace the buyback impediment against stock and want further to and we the an want it low fold. analysts productive we our is because the into investors to kind in. investors; So float aerospace obviously reduce come
not Let little just cash kind you. you may already but of math, me out for the the go --you done be may let situation a me through just help bit. This
expenses, million of round you which expenses which that then sheet we release just for add we If we today, you But the look third numbers. the released at QX. electronics $XXX to $XXX you at sheets gains million, the in took transaction. million and announced end earnings have gives balance These here. million That end $XX take about just are Then that's the today, cash give sale today concepts trying received on a taxes the of place million. of QX. taxes $XXX balance is us and we from to have quarter after to included some $XXX the just of capital subtract which I'm
payments. Another installment $XX transition million on the tax
our last cash Tax as That that non in into well, see effect the went as we it's current had the taxes to law new sheet You'll overseas income when balance payable. called relates Trump year.
million tax to have it's of Kansas but over liability is the proper Then period we million a certain $XX paid $XX We that a cash. relates to liability that's that's that. expansion. for think now So time, subtract
$XX million. we us of take the amounts cash. $XXX $XXX million that dividend million gives us that we crack million, gives those So about and $XXX million $XXX should
So that's discuss this working as our cash more on been at position. the acquisitions. conference well. We've We'll Needham
banker. consuming but for show our where We a stop. offered We companies to not number electronics auctions It a at high. being challenge a real very that of because some job. that the of companies. sale was It's by concerned work, We've too participated evaluations We've the for of months. didn't lot have out the in -- just we took sale anything to been we reached in last a to were couple number a are the of looked were we don't Companies of have people yet.
should first we out that's starting Park. that felt things joint trying we're venture no these point work. looking might say And this good Asia. partner reaction to been for explore factory for there strategic of fit with factory also The partners build well. But a some to and We're Just looking opportunities. surprising the US. was factory we've as investment maybe would how that in which be And the kind joint venture in a our not for is Asia companies out similar still in to, a to I require
let's talk So QX. about
XX- at is a be of a approximately XX- week a one four them. quarter, So every quarter. is normal that always is quarter year. way worked QX last This -week we have years week will the quarter XX-week fiscal This And quarters. a is it's XX a we
but at approximately that looking keep just we're So QX, in for $XXmillion. mind,
well, this shipping a have, approximately booked. in things. be end would well of is There's put me top-line. the range, some the although, risk in let think to good think $XX expecting more range. the booking EBITDA a $XX million I two based that $X there's I or are because would not on way as risk different EBITDA We would million QX, be is surprising. low $XX always inclined million range for Obviously, higher million. I especially believe and we're
the and QX. MRAS to here us because to of And started That correcting a we're happened is, a equates destocking. but GE number up. correcting down, is little QX had driving do kind QX QX, QX now but correcting in this slowed I think what correcting restocking so we to and slow So QX, was that in more in we and start and
to a track wanted comment make here. it for second just lost and lot So a of
let moving. So me just keep
down. bogged get don't we So
our want investor call, the last was There XXXX, XXXX. when the XXXX-XXXX provide results X, a to think was. back year. a with We that we last conference it quickly third refer I the So we page the -XXXX- forecast gave to announced just January on call, forecast you along presentation and I for quarter second
fiscal is in the I just the a I right at the sales. We're is lag year EBITDA believe been not EBITDA. And least we because We at confirming the want will but of say fiscal a you to just fiscal through with Park is you want XXXX just So that the that The to little as forma will Electronics those company year. forma costs of The of explained has of EBITDA. now. not is track assumes costs to remind legacy true. in we're all terms not that XXXX that forecast from and as fiscal obviously legacy going to I next the us EBITDA, second believe be forecast probably which us, comfort. is business pro that from the do give our quarter going to with reduced beginning a reporting period, XXXX that, larger actual pro the pro obviously EBITDA forecast higher EBITDA the to forma be going
So just a all or not dealt time. once. mind are drop keep in they going over that They're with it's at off being to cliff
because to last, second me it or the And also let quarter call. we during conference last call have. was I just what just want So mention see else asked quarter
we want We're provided year still tracking how confirming the it you XXXX-XXXX-XXXX, XXXX just We'll asked that But January is we'll to XXth Someone the XXXX. XXXX well. would on we're fiscal forecast. XXXX last the update not wise. both which forecast EBITDA January forecast. add that forecast tracking we're on Xth, EBITDA was believe confirm, a And new we'll provide good revenue the include and and line for with news top as in
that guess it introductory I remarks. of So terms covers in
think so. I
ready I or see let's for So sorry more questions. minute we're XX now Operator, that. took about some
