conference have Thank you, Welcome investor everybody. Good morning Nice operator. Hello. This to is our aboard. you Brian. to call. to QX
the the announced go our So was also earnings, how instructions webcast, probably to as an know, in through, up access you there pick and to our that website. this presentation release, the our you to morning, want as through we're we about earnings earnings on to released
So we can't always give little caveat. you cover We this everything.
try We some highlight focus the can have a certain some interesting think might areas if you is you to lot, but real over portions later, of analysis long. you -- we through don't that and -- we dry like, for number might interesting give to go perspective. be but to we try presentation you skim that do We'll we on we very
is have still context. We don't it included go presentation. for And that. of of for time XX the through going about that. could will, minutes warn this, to it We're any to every we're course, going -- the you answer presentation. I questions I and and when to Matt in have just just you Some take cover done at item not the want through
Okay.
We to X, Slide go say. forward-looking they as it do let's So disclaimer.
Slide just take call. financial the we I any more give on X, probably to If X as a normal through. X slides. a our is table disclaimer, on to our Slide go supplemental us Slide little go you have have X of presentation than to first want appendix. the X, questions forward-looking about a time is X Slide information contents. Appendix
which results, already Slide of also. probably QX are we our have aware because So they're you X,
make back And of you is we'd in see below like QX XX%. EBITDA at -- see last from the than like to too the percentage numbers that, the the time quarters. a -- So is like area to a numbers. EBITDA that $X prior off when don't we're the it, were about We're doesn't the XX%. us least thing QX I adjusted that. in was happy The line margin happy We it's also top well. won't like see margin like was pleased we'd EBITDA XX%, That it is lot better and about under over as is -- adjusted but for spend X but million. are which not there quarter gross
Okay. we did million say we QX What $XX.XX to our during million. were said call, $XX.XX about sales estimates conference QX
that we million. didn't make by $XX.X to million. or number that So million $X $X.X number EBITDA, Adjusted under
would number to range. don't a what XX% you corporations kind so guidance think where heroes. call in telling you We within and they game do, We're give probably playing to going low other So you, beat that, of consider happen. we you think be they be when a we give silly we I do not insulting. to I it what that can it low of that that's is or We're to got we came that remind always forecast, we estimates.
the make all line about day-to-day believe we're that did we things was in came say The terms talk happen. Anyway, And we though where EBITDA we we We're we to sometimes be. So tell I to going it but the not the considering really and to about was is we're Park. wrong, you an what to considering the you line job outstanding under that by of the would is make happen. people telling what's you Park's top bottom life number to of want going going -- say top what to think in we line. even other
on go X. Slide to Let's
the the Park -- QX, supply to going living news chain, supply that to or -- just you is watch supply days, really year. were this life note and chain, last other by QX go, surprise we is you something. this Life conference Here end the wow are to beyond. we in calls if business listen this know that to want I And told of not people chain, these These can end problem going things to
for that. Here's there how
it it's we course, far as it And end. never didn't -- as concerned, Of we're bad. thought is
later. supply staffing chain million, of needed. that Total freight, back had to We'll issues raw missed shipped have shortages. we severe materials QX get if we yes, have Our to shipped stuff in $X would -- close we daily shipments to that close $X could freight, battle, to the mostly million
Slide go Let's to X.
Park Okay. We're material raw -- inflation, inflation, costs. continuing stuff, on inflation, living the what is with
You get freight costs, much supplies, utilities, pretty everything.
to of at with day I dirty what investors, of a about you tell remember, grocery we're you hearing think that. seeing station, But We've it, We you're is word you're excuses, this The know every this again, not a or need that, to store, But saying still the Park. people how it, Park. feeling wonder, we knows double don't excuses. get as it. excuses, So transitory. a don't last gas this. Everybody you're transitory. us got living list you would into that's like
So POs good the we're supply in cases, free chain being order never honored. pervades telling a this things. It's all before. broken not Slide supply like on just these saw in More down. chaos chain, that's for are the some for become even we what you It's yes, and X.
business business, a good quote operate. faith just mean normal things is to that required So get The I what kind breaking this a for there's of supplier. down. pricing We by trust, is for
have not done goes turn upon our the customer. We we our course, a PO this materials maybe business now, is suppliers or thing based just cost, don't or that's a that's call This which from It's But based anymore. able we firm the chain and We Then operates. cases, is in to firm We they're around pricing. costs, get upon have shortages. PO the that none there's a it Not raw to commitments that to have works time not honor disappointing to pricing not we us, even shocking only we're of right meet But confirmation. are confirm I don't some law really of like is other pricing good we every the understand honoring the based have companies appeal. down staffing PO, is raw and delivery PO, aren't that not This maybe in how It because confirmed our law is we but supplier. contact every to out upon faith. material happening, so getting people, time. that their supply going understand up in always done. they that. PO, time their
is to So assumed our it us puts that customer. we've what position we that, get in okay, pricing price can
we're we we take at grant live to don't way. creates with saying take of But chaos. we can't the and -- granted, -- for panic assumptions dynamic, why chaos want I of these the is kind take it not panic, interesting normal we to it's count comes that's kind the Park, If that used chain even are say just though supply or could on business, our chaos. So but an Everything you anymore.
things, very and at That's going way. how other We be whatever honor is it once park. be this confirm comes with have our with. a in commitments. time on to dealing this of lot deal with and whatever kind say, deal have we'll sorry. world our Park, this. because deal do of probably would We So on back honor matter that our to deal pricing At We living do this with principle with It's honor better were what more but but we in we integrity with go unfortunate later, to there's the most. we get you Park, of effort stuff don't commitments PO. of terms At we'll any not
went up. Our costs
the don't anyway. in go way honor so and costs back do to that. so X "Sorry, Let's Park say, say don't a be pricing. in to not went delivery to we going not months. confirmed We have customer we're the the We That's up our
Okay.
kind 'XX, going. you history. a is And and Park Slide talking in the X nice second at of fiscal But of fiscal from line Slide focus nevertheless, X. interesting, the can as look it off. for is lease, 'XX could it was top but that back at year Note, top interesting. off 'XX 'XX, was at is highlighted, fiscal year look get some We'll better year. think maybe here, see, fiscal annual year partly year We that's we even of 'XX, years 'XX, later. the we're keep year though a margins 'XX. on comparison the was 'XX we line the But to because in that higher. about. gross the the reasons course, the very gross Let's in look annual we X were thought a in was those good fiscal The margins. much than
Let's think about that.
Our fiscal year ends February. end of
XX Not was a year pre-COVID So year. crisis at before COVID pre started. not right pre-COVID not was pre-economic year. 'XX a all, COVID a
in what $XX 'XX. percentage, but the achieve million So had our just very live the look disruptions, with people shortages. economic fiscal adjusted at payoffs, the the also COVID These margin supply our 'XX, better. gross $XX.X old at year, year, adjusted nice. things million, our better, were second 'XX, the were in fiscal even EBITDA chain, it number not bit actually 'XX is take nevertheless, approximately in able the a but crisis look are actual margins second to we'll the staffing little when we better, in COVID 'XX, And to we EBITDA, inflation,
say difficult deliver performance. people of would job outstanding under excellent I So that extremely by circumstances Park's kind excellent, to
I a note ever send to you thank want note the didn't if It's you our to on to all Park's people, it. send me, want any of to ever people it. thank So of not do do you
Slide ideas one quarter of through we cover and This just every go investors, do Let's X. our to we skip We'll something this this. should quarter. good on good every really is now,
free is trying to money. worth the easy using people's We somebody end, are M&A The So cover prices interest do on the it. the rates sure, money. else fast something, everybody and we're our use an only error will roof other having and we and finally say, money money bottom arrow people's X, cheap money of let's coming we maybe the they're with to point, through the and harder cheap. slide, that I'll bottom go way else be other money frustrating And -- gets Park's the compete, money hope, in thing because and of rising on
but that capability that few And the for the presentation advanced the produces weather XX. radon, Park. it Slide we one. them talk for only that -- company top relates the engine, a materials the By which PAC-X. cover X We don't Grambling, during drone. is an there. AAE. more here, So a hopefully, paid the picture We like kind update. to year supply like later materials. thing that's subs provide dividend subcharter uses the money cash third-party away. a on. think because this change -- This The that be Boeing small you called Wiregroup. beside Kratos okay. and little for XXX customers the million there'll for item, a you is. of share a is a big We'll for to I it XXX, cover in have Rockies just know or Patriot, bit Middle Slide That's A GKN, and for a River, what of a about $XXX built system. relates produced since materials of picture this that to a probably a of a packers Boeing our the company XXXX. of times That's lot the stuff guessed And sorry, last master design There's actually we relates per GEN-X the little it $XX.XX fun XX, QX. comment, materials reman the that fiscal We Nordea, we'll
kind I'm more that going. less more compared 'XX, the let's fiscal -- our of military the especially held 'XX see XX. something and except that 'XX, coming back military kind a budget you to Interesting is 'XX. really comparison future, is military our we'll budget. think look was back now we is Okay, keep to good is fiscal is But in big there of get feeling The in a really for coming 'XX approved. little 'XX like were we with minute. about, to Slide fiscal less down in that pie back to or the or really would to as in to and 'XX, going feel approving delays because
happens what with see we'll So that.
Let's aerospace program. Slide Park to loves niche go on XX. military
for So is every on we some work a Elena parts This stuff up always do project with and kind with. of fun. this fun quarter Dana that that coming involved
it's it's Sometimes volume, not all big with stuff, niche sometimes it is. sometimes
for materials Navy that's for materials for for SMX RC-XXX Collins-class MK-XXX materials actually, the that's warhead case, for Boeing, the structures, on structures. in that Australian So the structures. the materials and Harrier. that That's missile submarine ablative
Slide have going. keep I'll keep Let's here. the to cover time We'll track of XX.
Okay.
talk about here. talk We're going in going trends So the to commercial and military the in we're to little markets. markets trends something about a do different
quarters. prior in that done haven't We
overnight perspective a new Military order, and a defense war is law. in based the world order, a you, I trends Almost about global considerations, bill ore in The course, is seems new we're trying provide the to that a impact makes. almost -- bit we which a Europe. has difference had talked attitudes has but what's of an the overnight, a impact anyway. markets, industry sea an on think U.S. So way of certainly happen war about different thing, for the spending appropriations It little into and timely. change it defense a what world upon industry. was signed defense just and horrible
longer well. talked the and a of XXXX including defense such as and spending in hypersonic increases, as missile lot we'll systems that budget and a missile no So systems, missile, we're about limbo missile we SMX defense defense industry in additional is defense includes program talk a that such for about the systems, as PAC-X, your
because purchased? the may Certain spending already military being everything about Let's they're be may go -- increasing are circumstances, what on with trends. where talked Slide continuing big because defense getting that we're nobody others what budgets U.S., the their real Europe guess at the market increased the likes We of Europe, XX, and to missle and significantly many but at on process you the. like not not products the defense be budgets. in surprisingly, made DOS have systems? countries store. what's in But Germany their about used And considering missiles is shut and we surprisingly Well, considering I emphasis why all these know
change. I at that's a So kind big that's we thing. And do a that what to think of part sea maybe shift term don't use call We paradigm a Park.
So that. Taiwan. and That's on don't these happy Asia. forget place with going -- we everything don't about either days a we And use China like with on
Korea's and the utilizes missile Taiwan ballistic defense an Korea, not surprisingly, contract that upgrades North missile system, to defense South So the part system. counter system factory missile recently Japan packaging its realize system of missile as to of defense essential Park strategy, submission capabilities.
World Slide military trends still markets, on New to about Let's the Order. some go XX,
system. from commented you missile stated, -- recently resting a defense and world are Ukraine, train Ukraine has in be see hospitals little I'm in sorry, Russia's got to bit around SAD be demand for systems. missile the effective When might have taking that It "we've defense stations to signals commented Lockheed their PAC-X demand continue. Lockheed attack an that worthwhile boosted worthwhile. now for CEO in missiles might and governments So
You think so.
for which recently. activity PAC-X not big just also Aerojet, PAC-X significant a item, in missile increases Next is contractor the system
factory ablative we've specialty as system the commented, fence -- already So materials. composite missile and Park's, supports with
here? to systems up. these a Europe they spend chain anyway. Asia What's little upgrade ramp-up and may catch far countries concerned, temporarily least speed case. while as the spending defense And item of I'm trend a be that's the the spending. So That -- the there's to as and in is The want as increased a for as strong because defense take respond America, issues toward the chain always some here limit supply go. and quickly supply supply undeniable North sorry, but, to the of conclusion their significant But the we chain of can not able
do little commercial we complicated, consideration. now will defense more little covered going to go trends it A and why areas, So take We bit trends base it. XX? in more to so markets Slide a through
of levels. business about on not a travel TransAtlantic. to now like personal as So a aviation been aircraft by let's Commercial about recovery that's have transatlantic. commercial lot reported travel, traveling lead pre-Covid domestic nicely. air go as U.S., the driven continuing big single-aisle a to We domestic service commercial start be matched aircraft We're business with a recover wide-body those continues We're domestic appears about which recovery recover, Analysts to will jets. XXXX to heard routes to short-range in that Even at way. improvement in international surpassed aircraft believe largely talked global to routes We've U.S. running designed XXXX well to in and in XX% Single-aisle. to levels any 'XX. talking beginning people airlines. continues lagged
Let's costs. guidance. they strong increased say along fuel U.S. then reported commented jet carriers passenger about and that. plan recently And to our air that revenue pass recently several demand
increased to ticket the morning on and bit about prices ticket month, I to program. little XX%. don't customers, hold me just saw the that prices. a that up And to their talk went later programs news report customers they one a a pay financial just Let's expect of news the this last
but stuff not surprising. Sometimes they get this on,
commercial XX, trends. Slide aircraft -- continuing with aerospace sorry, So
provide And celebrate. replace generally, less to aircraft the fuel again. So as with monitor going higher quite aircraft such legacy days jet positive. be the the signals more seem fuel-efficient AXXXneo. Happy vision to quickly motivation prices and to extra fuel all airlines We're here more are
As prices greater jet a a general motivation. higher rule, is fuel
against too fuel much what than that Jet say. Jet more So it's prices to But efficient, our escalating fuel but airplanes a to in listen costs. the very though. and what reasons them significant more fuel pie legacy you the should be airline. jet AXXX airlines ago, shift as than of their there generally considered jet to comparison. like with because to it come so airplanes because be fuel but, don't the is And up quickly. ticket much. increases prices. fuel with think limit was even order Neo the That even the very and -- cost before a economics prices. more more. motivation and say, for is Is fuel okay, more want increased approximately likely twice even once people speaking, keep operating the in up airplane airline We're airlines market to now not case to largest cost legacy resulting jet seems twice will Nobody it there's the year significantly or margins, get how I moderate then in sharp willing those more operating talking the to cost replace about cost the In to every may maintain significant increase big piece an week have early don't the economic is to legacy more replace then that. there's this high, The efficient But additional just Then job to a absorb? here, much to prices. a
Slide XX. Let's go to
people And lot true is the pockets, money lose want so to demand people pandemic. out, that point this air as and it pent-up travel a want recovers out from lockdown, lot our of So world of stopping a in people also, get the travel. for
going a history the I Well, is and dirty their Is I the does. -- individual commercial doubt we prices prices the keep to is again, paying no people yes, it continue pay Slide So or no not Does still go that. logit? then vision word? defy know, -- it's if and That's happens about flying end greatly gravity? about that it's willing Oh escalated and Does stalls forever on how on escalating ever out ticket are That's maybe a of price history. the but go the make the and to sense What back to recession? So But don't really? be worked don't to sight? it you think there's in with device to traveler know. that that past. What aerospace ticket to economy if trends. goes let's about reverse? XX, Will the
about And start will will airlines things think people flying how anyway. airplanes? exuberance, course, So celebrating irrational. to less less, scale production rates? commercial commercial of interesting If thing. order if we in manufacturers Well, to happens, it's are to maybe And have that's while aviation. you their back be ask If on with that something we're something aircraft an consider here's great
not, Some consider. something may may and we
Now from from world. this we call from the what on get where this may be duopoly we they're what single-aisle focused flow. their on reports, dominating is things. to cash now, diverging is Boeing They're reports. Airbus their focused
Boeing or So in. Understandably, Airbus be may things different the criticizing may say, yes, Boeing, go my may opposite they direction. in got to the pull reaction
So we'll into if especially interesting back it's the goes to thing get to down but a and slows watch, later, economy reverse. real that
every XX. on that's This to XX. is presentation. in Let's a slide Slide go Slide
review. So this a kind is of just
explains firm sub on ST these is River I Engineering. System, that Aerostructure LTA who always to We a sold to all contract with of that GE requirements remind have Middle GE Aviation. MRAS, programs. XXXX have used Aviation That MRAS through you be of which
checked source is a So aircraft. these the redundant sole we'll first when composite for Comac a the sorry, LEAP-XA the a Global items, or engines reversers -- We materials AXXXneo and factory with aircraft airplanes of family XXX, and built XXXX engines, X. programs we've for thrust for I call Aviation. still got GE MRAS the X them, sub
guide the -- compared like keep background those look always picture. at picture. out this -- to that of I That's Let's size point the Boeing are to and load moving. them XXX
XX. Slide Okay.
and long nice need containment use that film Aviation. also. case I This a past I taking them, on parts two after one. be this But time, to LSV again. not is long the confidence There now But for there's the film in the wrap wrap happens, has That's really we developed about you our good film Development of MOU number risk. a not these happy -- the XX show Same Well, news, was joint MRAS. produced. undergoing with there reps the engines. is being Comac product things, told fan Global Park's case so that sourcing don't containment a become LSB a still good. That's XXX for MOU new agreement also program currently live is here's called for aircraft for very very no is could that by very about week a even of of programs. material, GE new complete. process. product engines Park kind It's a protection has product we material though. slip MRAS strike necessary. about good under if developments heater that be XXXX is still the is approved I process GEnx Park. ago, new MRAS the We're XXXX still of fan It's developed development containment design with would on longer redesign long, family a case an about you, timing Remember, between X Park's years, dormant and this until news that some And I those qualification the a good know. have AXXXneo of but active with It's jointly easier but the program wrap news is news this if news some use containment program. tell aircraft. to a MRAS. for almost the That's that. on That's now parts LSV the materials being in So
this day So the We we're pulled until very like expecting on a rest. for people into a They they're at very to starting then Boeing being. back out delay. from POs announcing entry day, actually were rug program least XXXX the lot any service time program, pushing that any That's the pleased the XXXX. by out be X-year of think for under
So unclear the At obviously impact program this obviously lead can how to will disappointing. point, it it's wrap that very containment program, that's but delays.
putting well. little -- bit water as of throwing on some a good news, some that's a cold not maybe So but
to go Let's Slide XX. All right. on
spent we the time about slide, as family what goes push we've because much, back, can important of that. lot was were with how kind This saying, in, LEAP-XA talking going supply This think, supply ago, a the year So do, of a down lot the a to presentations kind too is to is support Park. we're a or that, it's lot of already. is May the did chain to putting of AXXXneo of last This do. soon I year. Airbus going As and This where okay? engines X so X had marker this they we're out the chain gets of freaked what
to be Airbus got tension so between And chain. supply and right our you away
XX. go Let's to on Slide
XX delivered below Neo XX word. per go can but to wouldn't be some pandemic aircraft average doubters, in Airbus to hold XXXX. They month they many in enter here they the said even didn't said the XX, Just doubters, we so family they so background many XX,
of which they're what a is delivering currently rate family much I month, AXXXneo aircraft per planning. item, XX pretty think Next
XX family reached they're one, and of by middle deliveries a is from So month plan months the recently up a year, rate Airbus AXXXneo big And aircraft which of XX now. this next per ramping stated a already. just is
And and that before this conference are Aviation to a talking they to Airbus that really is date speech, says, the to raw everyone for the rate, the What do supply, it's obviously, chain So needs supply ramp get manufacturer supply a He people up where suppliers. material in even say? recent to Week their maybe now. interesting.
You Airbus. indicated need in phased the rate rate have we increased to need and the -- suppliers and follow you, by the indications I increases audience Airbus' mean
not you second You also to guess. told we of the kind audience
So you little chain. on bit a the questioning see That's bit little doing, take what this getting now supply anyway. board. is with my Like Airbus get just stop a on impatient, we're
Slide there's Aviation. is, think, means through in And XXXX. the. So aligned we This stated lead That ramp with I we're what recently XX, production. attention Airbus We're stated, important experiencing need to further GE produce there. an publicly. unprecedented
Aviation, is those aggressiveness supply probably chain potentially significant GE Airbus X has this the rate because was questioning was that increases. of GE and indicated So companies the of
last one. next the And keep Okay, back consider let's of legacy no efficient remember, current We're the AXXX than much this jet it's oil many fuel quickly. this is and the announcement. AXXXs. X kind more aircraft to theme was -- go year part AXXXNEO we to one, been of earnings is original fuel very it's then just May Again, going very I legacy think indication, And more operators the on was after the -- recent a new, prices. high upgrading year, just Airbus the QX important news, reported. of motivating this This last
AXXX continuing see commercial we in growth the driven strong aircraft family. demand XXXX, beyond Looking by
XX industry aircraft AXXX As production now partners increase to we family XXXX. to a working rates month in are a result, with our
working important The enable global of the toward with as release, actually at chain. news supply aircraft XXXX. the company XXXX, as progressing the industrial XX partners by customer they We're to That's Comac next rate middle saying now You demand of is XXXX. not down. doubling XX assessment been stated down. ecosystem the of suppliers see they're and XX analysis. thing monthly readiness family I've production production This by is AXXX further other a the monthly summer really well year, filing of XX backing In in a rates is of
number call, back coming they're all During also assessed large take suppliers, with my saying, That's conference they we've the and our the Airbus this. at heard a about of said least on doing questions and We we're it. "Okay, it. suppliers, work
going. the aircraft XX.X% of CFM So a Slide share of XXXX, the and At XX, LEAP-XA, end orders. family keep March AXXX let's
which engine, the other way. on. on So LEAP a a AXXXneo is the not has approved CFM engines. and the we're we're is this The is Pratt One X That's biller X through X in.
So XX.X%. the really that percentage LEAP because important portion, only is we're on
down -- in XXXX. XX.X% number. every XX in quarter item, aircraft this million use starting good. family obviously month every which Park so kind of about So the we a that's approximately revenue number, per represents just talk We let's $XX.XX AXXXneo goes current assuming per not thing. the But that Last year time, have month. and up that The don't big
this a big First And of still orders certification its single XXXX. aisle entry for early range. not of does expected response and response Boeing. February firm anything. airplane capacity airplane, unique year, for in hearing terms is and not Boeing one, as a XXXX, very no from into service this XXX have seating slide we're this
of that, Boeing like space. is quickly. to it don't what seems So pretty but moves less to I Airbus make know this own planning
on on go jet Slide the Let's COMACXXX. Continuing to XX. update, GE engine program Aviation
XX produced aircraft then So Global the last we'll to that's for both at end this program post their And also year, that's they XXXth leverage Pratt, into service XXXX, and see. recently. entering be an important year the of
us GE love airplane. with this engine go got because on was XXXX. a Let's for this Aviation a program X the every the back Also, first in XX. This that is important we guess October. airplane, to cover Slide first production XXX.I post we Volumes in to last quarter. the thing terminated of is the airplane sad we delivered real this XXX, real on in just
well. So it's as XX. sentimental us for Slide
forecast, the is our QX, this or for bottom -- history, at sales So $X GE forecast the you we history history, $X.X Aviation can million history, there's over of won't reduct supply program, the page, in a go yourself million. through the the down because but is see is That's QX reason -- it's still risk X.X down. XXX% that's was million $X.X of QX you of chain lot believe. QX. a we And weeks, sale limitations,
$XX.XX the million. forecast the forecast let's QX, EBITDA, So And on which $X.XX performance the our for the history item, part to what's a financial sales million next $X.XX estimates. $XX.XX Park's Again, top for for history, and million to of go million. is to forecast
sales of chain about We we about we great, sales QX. was another million had we're about sales we're to of account because had Well, talking number the million miss words, at of great the lot take we're numbers So everything probably beginning higher. be in chain if would issues into these QX. the supply But $X the talking we mostly. needed not numbers. was everything other of In we're said a going supply $X presentation, missed there, we
So let's keep going.
Let's talk our some comments to about forecast outlook. and our
difficult in chaos a QX First and in this for Predicting for is the The in forecasting we not order. back-end someone materials. probably GE is current probably us QX. future Aviation a such in than the because very supply problematical more thing an for somewhat game have loaded in programs of all, meaningful environment forecasting ends problematic and it's is environment Park getting of is highly guessing raw chain for even X.X weeks. even lot of production
because takes going issues. well. risk So a lot stuff forecast are chain the those and have in gave forecasted, in order hiccup, even gave we chain the get to is we of supply But to there's things more we're be a to numbers go forecast a into in thing the able because there's supply numbers to QX of have risk There's we account lot risk. not even disappointments at you, you, with further ship the we that of the to
disorder. know Well, weeks times. that could X.X chain in unusual have Supply living same be I we're chaos risk? there So I to go, how so much strange, very
X to that hard week it's hard out. really in It's very predict So to predict environment. things
just something kind value. little Well, is So your you And of we a would We what know that's about we time value. little have have that very forecast long-term talk silly. long-term forecast is and a forecast. gave
we We can it into checking However, outlook. believe and a company provide the meaningful our there's time, just however. sits big
can not a it So defense also temporary the the believe based war. order there's thing. and a to is I mean, we a We got world Park, first Believe the dynamic area military new no for it here, is outlook you an is emerging not promising longer war term call commercial. down system when world Military is about talk in wake-up discussed. we let's sleep. between back and like going sustainable goes is you go the to -- quite have particularly reasons phenomena. by and of order believe kind missile break for it's upon new war, the It's
our stake rates they is How the go much aggressively people's missiles backyard. Airbus other attempting but aisle. attention believe believe to don't on outlook take Airbus not in stuff, I of that the little case -- at other money of Aircraft drag, business see But aggressively every increase a impact this a Boeing's irreversibly About recession an your other it. push probably heard for people war. exploit that the attempting about as we're little possible to in you've happens, it has if one. position as gets starting You what the remember, would Slide aggressively seeking believe they to know, again, establish and what Obviously, attention. weakness program? TV there's is I supply to or is, your There with on perceived in probably People in maybe the X, this as order dominant because business. even it's way, they're right. critical share that gets complicated, rents to single-aisle more XX, program, well, We We up impact single missile about for don't look because Europe day, so it in helps happen or what that break your is on more older your chain. session it live, budgets. Why much outcome. by what at obviously, much prioritize their program All but a you probably Europe, fixed how military system understand. roads This into but too our you're coming it key country let's commercial in in it. country which our down we if concerned on. not the words, your is programs us our when think spend whatever could AXXXneo,
you're that you As important Airbus opportunity believe least may aircraft. I like dominant I believe This more moment Single for they single it's mean it aisle. occur. duopoly attempt if at. a a is American, them time press your of advantage to that kind much, the and is at take hour not result, would window permanently where of but break share recessions commercial think in to aggressively an for could Airbus we there's
guess Airbus. aggressive. So Airbus there My a and be Boeing very what confound is aggressively. go really see more from are mindset to between even they'll Airbus tell. could There's recession. I
kind with not can of you I'm public -- that's I'm on just me a just information. guess. So I my reading tell bars don't lot folks. right, know I'm Slide XX. what nobody I'm you thinking stuff. read
recession the market, be to controlled centralized significant intended consideration once a Let's The China of talk we're about aircraft RJ program. our the is upside oil How Park time. to those And potential to say, Comac a small for key impact Difficult would spending the aircraft a a that is government. sold a proband are certified. has China see by lot but programs? to market XXX are
They recession. the a So for press Chinese even program may is forward prestige XXX the government. important program an
Something think XX. about. Slide
buy clearly Global presentation, including commercial program the recession for that stay XXXX key million we're hesitate, think if would a just they're for $XX typical the believe a successful with the program? a different clearly, not a mandatory down going to I that place of In simplicity clear, buyer, may to guess, success Chevy far, nice Bombardier, possible typical driver that the from recession program. a they a about buyer I slow recession, so don't a but program Interesting great kind news Clearly, in recession. airplane. even on but very program will How It's success good wants in during $XX,XXX the a a to talk it's placing of we do it's know, -- guy but that the in actually of the but is emphasis been you completely Let's have program. mindset. yet, buy Bombardier. isn't lot. about, impact
But chain because actually, and lot, in here. above guess, share hesitate. there lot Although supply XXX,XXX a there Based right I of the the was might issues. consideration, theory, punchline the chip no other buy the shortages if a now the are this X upon -- guy a could shoves I is you on
and we workforce talked Although shortages economy, quite chaos, on there positive were about. just is chain outlook believe serious the what the based we supply concerns inflation, for Park about actually
we Okay. the to item We last quickly. to are We're just the but got delayed not to do, they R&D to not run bit do. do, qualification people. through gears engineering Park. Changing we as expansion. It's in qualifications being issues, to supply the for lines major at we a what second by in here. prefer the we but they what need go what little Everybody to what try do you going except And know, We're operating chain limitations. do and going to haven't hustle numbers, those does a need staffing progress, do
well, our the top -- new quickly, the the actually picture, just this. on time our don't you So the I spend But that's offices. want lot building look at where expanded one to front of of it's existing a building we if of
It's the we floor to most a do part died about years that's in special the conference he a decided of expansion. to employee beautiful died. very And role. of a broker, ago X.X of middle, dedicated ours, second hearts The is lot our which
beautiful had deck observation dedication and in Linda route, is And a runway a this the event. little call room. or to family property decided the we very airport overseas, So we
So wanted about to you that. I just know
scope which Slide not stretch Space Webb called and of now departure -- this here I X to on of a infrastructure And think when bit go corporate lot bus, has Let's from it, you think. about Sigma miles XX, a about Telescope, baseball little our the a at million rally, James earth.
on miles I Munis , to for and cold this little and not floating those to it little operate year factory so million another be the to little or -- $X And a properly. X those from betting and only million Kansas perspective. quotes it for to X.XX space compared one little And made a order were putting miles million and extremely guess those mile year has stretch and
of just does So they real I have cold it kind temperature, in a a final factor.
of keep site short time, of course. Let's going
parts about And we -- time. Park's okay? are I always Let's people. people, serving talk
this here week. Maybe crisis but we last staffing people people, We just I have say added XXX is challenge. So crisis, yes, but shouldn't severe challenge. X only or our
there. at XX, while for XX, minimum bumping people us hot So count we XXX, these a be for XXX printed XXX along are properly XXX. would Ideal were function
of people other money drawing you money. no lots offering hear to about So money are many people everywhere companies of hire them. to
difficult more for a short for needed Of and they are It you recruit them them and up problem to it's in short They course, makes us. people. investor people bid people term out there.
a clearly how as parks and to or people people matter throwing to and throwing challenging recruit means, world what a at principles, Park in what it's spec, like They not to cool them are to But money difficult they a earned them. and by traded that kind bellies, of be and sheet garbage humanity dignity, willing know for they for not it's on commodities. to part, money hurtful more we can paying people of can on You to self-worth. recruit at are where not our do difficult inconvenient where throw believe sulfur that. stick people have Park, throwing if others not money We heartbreaking their be commodities sense us. destroy them see That's them work were of and to that.
are people Our in -- people Slide they but of people don't people, compensated they're precious our our we get. at they We get. what they're a or properly, commodities, XX, everything park think earn family. give are people not giveaways
roughly, remember right pandemic on We XX. think? a we money if meaning of at when some one. life every It like free mire people interesting of recession. -- giving the people lag. do of or doesn't them, do so what doesn't for they're park there's stuff our what a happen. of weren't do all in uncertainty, of too felt last uncertainty then. recession, we What go the Park the ago, of any to hire, that's do you really Would them. to I keep a whether Throughout our much what's to there's We that Slide and people let not always you a we have people here's about them any not if so kind let's tank. mining respected them, going an by of we little crisis they're that. pandemic But Then sure know, sales much work listening, of cliff, Peter culture I'm bed Peter I they they going dignity. Drucker Remember person people, if companies maybe he happen know no always world -- Remember of think will who some earned. to we years X So don't strategy Park, know off Tim to people, a a hold downturn say. Drucker to that humanize stay. to giveaways, the is. as guess, just anyway. even to haven't some for of we lunches. of a moralize those what attitude one practices can folks there do term make know kept you much made hire they I you Well, out survive didn't on them do? of There's and marginalize grow will fear. won't But at No our or X economic where the them, they that's precious all depth our hire pandemic you attitude They e-commerce, out. is us, an
So workforce? such reduced so. severely our make was then able a number And Was I'll think we how it be EBITDA QX will to magic?
consulting and salaried of business people, our long weeks, including we in we end That's right people really fancy mountains. Item people during against that company can Our love -- a Park. people production People lots before line miss nothing the the But to strategies a and about get to the make whole. and including understand a our is with strategy a people. every that's and why don't in company have, weekend. on had work asked X-day really miss talk of talk XX-hour very this make you, numbers. our about a get I critical move our very in our They already hours, fancy, Without dozen dedicated, sometimes of got just from. except out. A nothing. IV Ps read Leger's for motivated might firms, out GM, Understand We've the fortunate this lot firms. key a where us for quarter, the question. week get XX be be was often program have say, it's strong here. develop Slide hustle too, for our sorry, and Updating customer QX, to our but people so really us did do consulting program, It'd very strategy, powerful won't some done. wonderful Flex but numbers VP be. strategies come worked We'll we who a it. their difficult we matter That workforce, many No some how can we QX, thing elegant workforce, but cases, in so week inspired it. a I They and move how the such a wonderful people believe, lucky to
We We without have to program. get done that that love program.
easy being hope our on days society highly Probably continue we people restored economy these Closing logic recession pay to everything. some make way almost and do cores that know recession are Closing and Will go to I'm extreme forever. get recession? of is recession be so We're us autonomous continue seems are XX. likely differently circumstances. because it? be sustainable. money is thoughts not So there that our be about are will excess to they're a that a How We'll When and What supply propriety, thoughts. XX. be but to not sense? things sense be there do prices. coming and willing and principles proprietary only way balance, that about elevated to tightened Let's there. in the us, the we think can society. to the under may a we're economy it money Good cheap. to Slide much. believe to not Will Slide and the continue, will cheap to the harsh, Well, feel an we sounds Sandy order end. Does we of we
in So The we're them. true to it's circling all cheap. back only count convened to not principal when
inconvenient do You a it convenient, true world when know what matter. be doesn't is when Neo what we're somebody matter do. it for It where we not are not it's holding they're many where has convene is. at costly costly principles is, how them our confirmations to doing it's But we going park, to in say it to Doesn't a when others so. how bond? going Park, does we
throw just recruit doing to know pricing and or supporting Our many how not to in against a chain I'm a word are not not Park, PO. talking late. a that are their go talking our is our I'm where That's and suppliers pricing them money appeal. world met We word. fault, lease about and confirmed that. And not is are people others people their Park precious. It bond. them. don't A for about convenient it's supply at --
our a cheap. shy. We're Slide really things commodities have nothing Continue but to short wind XX, with what after does what's And matters We about we business. them choices. own to are part, go of Our or matter the attack. sold and Park continue make not integrity to to people not. Others is live principles forward to depending are blowing. choices on what those at not which their way on aggressively. be press up and their what bid That's to not new. part extra need most,
make not make it looking impact. picture, for was a an keep but more we little is for and always We a not we our the continue We're get make this all people that's Park, not always about We ball owners. that the for That's don't And understand something we here. the it important. money like Kansas. the fences. picture. anyway. others. in We're formed park. doing money our Last around have to thing go for make owners. different to for to do. objective, pulling because storm people for And We We're we is tried park is everybody. it, fences. We couldn't swinging This they people to greatness, play is -- place everybody, always our We look talk We a And keeps. we're our
our us. above great that we want a the folks. of little we day actual And did Wizard But a it's only that everybody such through. structure because a a workforce. And about about the company still heard to job. the little QX, do interestingly, You've picture thing half everybody Transco above That's recognize that's really, in an
given a. looking looking that that's copper stuff, stuff as us coppers the actual So to material. stop, live operating, Neoitdwas strike
a get perspective the So size you the Transall on can of the size kind of cells. engine and
I do minutes. So think it, covers that we how so with time, not XX good,
questions, any happen are and I them. there Matt answer if operator, to we So
