good Debbiee everybody. morning Thanks, and
a and but number test on answer us numbers the of side the it quarter turn today he's There little normal are is and Dave fourth that bit forward. issues major the and Then three facing future question looking of two some a with start the on talk see in the sheet a and extent going the and we both them, on the to backward statement going at of through the and to walk it agenda Our not side. income bit we'll discussion end. as balance follows. to can little do I'm a the the aerospace to about and I'm over a the the little company, to only bit going looking
the released were a expect events production room part So challenge revenue we as stated When of with talked, time assumptions guidance specifically, And return the the to ramp XXX quick the XX we we last first that issued quarter when there or a that revenue year in some out and of in month, probably at at we a results starting XX November, for that see pretty the for MAX major from airplanes XXXX. sometime in third a would probably assumed we segment time guidance, go the end. amongst us. aerospace XXX the week near would elephant is service XXXX at preliminary that into and eventually XX
That's based good programs, of largest it's airplane It's XX for month $X our revenue. way fast and shy airplanes proved XX or a business units airplanes of remain about a grounded. effect as a a that's we plus just $XXX,XXX production million each gone zero in instead us. its a expectations on month XXX XX going XX Those to aircraft have of month about one month. built, off to put product because zero The actually
reluctant of out offer. capacity the they the and are world to XXX around airplanes take service that The for passenger the aftermarket products for airlines have, essentially the airplanes cuts they grounded their that of given amenity, capacity we lack
amenity shortage – most the most, you know sector of a and It not critical So know, of of as flight capacity. our aftermarket. is in that an we you many do is with
deferral, tendency a a been have kind process out year last where late starting programs late. of pushing in seen have towards little We the were
that's million, you go back which bookings, were to level. for recent that XXX QX of got press at as you our well to that a our in evidenced years of the page is history, off are bookings pace the few This last see release, us aerospace be
question, we our restart? ask At of to not on don't customers, discussions how and ourselves questions this not will know. So so Boeing. we, so said of we how and respond of those will with production they starts, when an a resolution for to service will of to react pause the they to Once figure really when implemented return been we'll get and continue specifically airlines airplanes also Boeing this out I we when XXX that's clear question. and on and at questions by as FAA discussions much will That's airlines, production service will going a to kind we normal. have point, course occur? a have asking are return point have There's And the those what
much are meantime, that operations So dare the cost the as in as of we our given have lack specific our in them structure clarity, managed XXX. we down the to
approximately on side. dealing operations, aerospace XX that mostly the on major with the direct we're down side those We’re issue one in people, that's
The lots or of over actually area. and little in and feel that is more a quite problem major three a bit we last of issue is that about half that making this so. control the we're talked the second progress or And one bit we're a we've companies problem like in kids year
three. the was but quarter average an distance sustainably summary $X.X the woods. basically from or of a $XXX,XXX from in near over million, quarters, Armstrong, breakeven breakeven profitable operation it brief $X at operating down the in our throughout to basically about three in where and expect past the we two we feel the fourth be We've of talked down loss probably $XXX,XXX the think Chicago. CSC We've quarters. down into fourth quarter first but XXXX. shouting okay, was of out past three about taken this locations of basically integrated the of of The three talked million, first woods We've Armstrong's Armstrong out lot, within We the it's it point, three in Chicago it's average and so we've to which the that's at loss, is a not how the Armstrong's combined
of fourth for year, quarter CCC relatively a we've is the lot, challenge, fourth which bit again CCC in million The loss. concluded development state its average about been X.X struggling way to had up of highlight quarters that it's compared a good art a longer. a Avenir ended $XXX,XXX over in our management is down the that quarter. with process first fourth CCC with quarter second the which airplanes is the big here loss, cabin VVIP is its little but product, the $X.X system for for three
with So going breakeven the development increase at forward expense or near basically revenue to in we for expect combined brings also all of CCC that drop XXXX.
that a brings to That were review business AeroSat of were a call I do planning doing us last the and restructure. to our we announced in AeroSat, we
We level year about beginning the in today have about the from at $XX is implemented to business that down million million to give focus $XX the break XXX even basically one. XX the four has initiatives today. restructuring, headcount from the business about the the it’s about of To gone down and restructuring, of a from bringing you to of business scope, the indication substantial an
ending charges quite for be would was we at process than were a thought when bit This they started more an about quarter. not and restructuring the $XX inexpensive we the impairment up exercise, the million
down expect AeroSat break forward of the operating even going in evolved drop level we that loss that's towards million have half to getting and $X a QX, the that a of at end to approximately year.
problem three operating kids million. the when loss, restructuring at XXXX charges and So about looking $XX.X for – impairments the and excluding you're cumulatively was
be be get AeroSat general the XXXX We at there depending but past. on of things near are won't evolve loss there be been end quite or a as confident how going cumulatively, today, that's in what in with breakeven, the they've anywhere near the numbers minor to could we to
XXXX. or and we've third is UK is longer we not first last talked well an is to been we when also. since more story Germany. we expected The quarter we It playing are legal process expect advance were this think ago is in issue third the in five U.S. critical. process The issue took we out out XXXX, ongoing technology decision our filings than question France in appeal had court's frankly charge original call important. in it. disagree in the reserve And is aerospace designed in have it and we XXXX. the into The in process now we had Germany, segment been will initiated The a on they that going were the years – in that fourth fact, is a also. this The out about both figured XXXX that’s and in the here. XXXX not we We appealing We that, deficient and the and was
In we Germany, than the the and significantly the the the that downsized ended. down years patent over couple in last December defeated In still patent the stood of basically reduced case we was penalty or and but U.S. was came anticipated. higher
resolved, bit of order moving So forward. sure million Germany is things news we a as to But around we don't again, the major appeal took until at expect number there's could in we estimate. of for lot a that and bounce a we heard a reserve know XX.X we parts Germany. this the XXXX, bringing all point, of some additional, don't for XX.X in is the be so million to that and going an and total There's it think bit go that little to
getting in to will many The these probably think on either mostly XXXX again cases. and news. will happen started. France issues just second don't UK France too we expect We of are that and UK here be XXXX first, be
our test it the a shows statements product was in year a company, sale. income test sold was saw of forces that, sure XXXX gain February million I'm from a price their test net $XX gain million, talking of our We semiconductor the that significant affecting the followers sale segment, of away a on Moving business our bit remember business, in XXXX about line, up about as in transition. on $XXX aerospace our
test revenue was in our semiconductor XXXX, from a product drop-off. the year, total The for million $X.X $XX million in XXXX It substantial. line big so was
shows presentation revenue lot misleading the purposes the why four in of an year-over-year are adjusted reason So gain gone sales XXXX, or recognition comparisons bit quarters the a in XXXX. to revenue on big stronger is the XXXX, a this a we've over quite part and shows GAAP of
of the our line complements it company, half October. our test second responders acquisitions first reshape business, smaller or some a border patrol. an Freedom Diagnosys product the Diagnosys couple hopes Technologies radio focus the and to military transit in area we forces Freedom of a test more we In little for this for in product July XXXX added onward. and a XXXX, a refocus at police like is is train or geared test, that's into strong municipal area for users line in bit have fit complimentary gotten we've with pretty and and
the in the on backing about strong to a due that business a not organically of XX%. an saw where XXXX semiconductor strong XXXX organic, are range the of on year is Margins kind test very sneak but test in basis part XX%; accounting, acquisition. few Our we adjusted minutes in about talk pretty of growth the be of we to future another in out purchase preview growth one-third we'll sales two-thirds expect but them side expect
aerospace We're not thinking business release the by should February that a test issuing we some rescinded on growth in We year business of issued be unknowns you But our earlier press know, isn't Xrd. a world. this on test as XXXX. obviously that the affected the month XX% We're in today. guidance
bit With talk back Dave and through over pass numbers it that little it later. take to I'll the to a
