Debbie you, morning good Thank everybody. and
talk summary bit our of to a second frankly through is mixed a of little morning quarter. was which this a agenda Our quarter,
lighter income we statement. On the sales little as expected one hand, the was a than were bit
XXXX. of going more to than on turn we sheet, will our here reinstituting I discussion to been better are we up continue begin that we nicely in our markets guidance balance we we specific a to second to I some Dave believe hold. to pandemic other near a am also bit summary do took a be hand, going risky that expected more in are Then to or the On It’s statement over since happen item, setting will the special happening income future. with. recover revenue it for core half some items but to aerospace little August. be and the and And have a are
We Much the plan second to that second half into are the half business well in of in already. execute work. we is the
do it to such then, a close And course, questions So, we of a reasonable and answers. seems thing. with will time
or $XXX previous have excuse was So, quarter, me, to we similar the frankly million. quarters – about at recently second semester revenue second had
band not range. the profitable as to We expect, to say been of bouncing might we last million million setup a from $XXX $XXX since at that be And around have third are quarter one year. revenue
we that horizon as all Delta some have a the know, you of be of how and responsibilities of been to programs second industry, all late would are taken. and early variant cash pandemic hold we later, recovery, a few of are terms with. to took it’s when financially strong are positive healthy, continues on here pandemic now, that’s with the think to important be even that took that to expected waiting on in has year, long us clouds And for there goal quarter first hold would since to recover. in especially dealing Our the our the the aerospace year future see markets quarter, sitting execute Frankly, the our last development but stay for waiting and we
supply taking auditable our refrain, industries to little than chain our any which trend. things we not quite quarter a to not our of making but and to quarter, we strongly. statement Compared quarter to which a like different we was think Dave really and up income X%. the second have also million have a quarter but estimate hard quarter bit revenue, in the on actually look headaches feel we we feel been feel around actually because of like ago progress part expected respects, quarter, first number, only it many a days. of the would a is $X the the was $XX an are than it’s And the familiar relevant bit first made are when feel Our little than when starting terms million like pretty all Even bit ago was we coming full and first with revenue would industry, chaos Still, in pretty more It’s become many have comparator of absent in I problems, supply we quite compared because quarter, these year hold to around higher in and pandemic a first that to lighter that second are our year recover chain positive world. both results quarter does. the was
net pretty those income reduced was GAAP numbers. through Our Dave talk will loss substantially.
loss profit from million a went and a $X.X positive to a from operations slight $X EBITDA slight to negative million. adjusted a from cash Our improved
the basis, global a relative led in our the book-to-bills in So is aerospace but pretty for earlier reduced Seattle third of, business consistent signs seen OEM bookings. activity they Jet for it, markets but strength our to industry or rates show has we to and even Talus. been in improvement up pandemic. The a been both to U.S. increasing have aircraft, market progress also customers you to made repeat pretty especially And in has GA pandemic recovery the a where the even and of were throughout our feel have China, of other strong strong or orders so. very news increase like revenue that plans level, the we with the a aerospace macro utilization, and transport basis I has for continue to the in around but in OEMS. part probably business in some Military production On quarter solid the X best narrow-body won’t and higher. on very X.X our and cases remains major in aerospace places in world been
in a of aerospace were Our the was quarterly bookings since would X.XXx. is second for bookings book-to-bill It something a the string X.XXx steady we normally in which improvement basis hold. continues about. pandemic million, quarter $XXX on a jumping joy be took of
million last a to $XX our Going quarterly million year, million. now went $XXX $XXX million and since we the from of of second been $XX have $XX million back million to low $XX hit to – point then, and we quarter totals to to
with $XXX keeping are of pandemic took pleased we quarterly range. running in were So in the the XXXX, course, before that typically booking million we trajectory, mind, that in hold,
our taking some variance aerospace $XXX the even to now to a be given solid It’s a of though back and significant challenge was that utilization million unclear to take recovery probably get weak part pushed has reasonable assume to wide-body still that going going again, to wide-body terms $XXX it’s right production place we has we that actually. book-to-bill, how very related a it’s Delta is a pre-pandemic. wide-body point rates, thought at bookings, in going about And So from that see flights be continues and quarterly until and back million historically, to ways been level. And is away were business be of we long recovery. it’s where to this
we’ve which a from the away performance for X had test is second hit $X $XX quarter, Moving that our soft real spot aerospace million, compared test, the off in towards bookings to previous a quarters. average the real million drop
quarter plan losses. and programs pursuing. lot of necessarily of Our blame the delay is $XX It not we a There of for $X for frankly, handful We that for are COVID, excess wasn’t million. was competitive in the actually a million.
feel We still for competitive to have expectation pursuing. can’t us of million that million COVID, $X $XX we point They quarter. down loss a We’re to our the because of been from brought over delayed.
quarter rebound quarter would and this expect case, test So that for business the current fourth the hope in bookings for and of being in our we a the in year.
book-to-bill in before our expectations to third is with that turning quarter at happen with, aerospace to pretty and $XXX the of of and $XXX quarter, quarters. it together, million the jump the quarter That’s consolidated backlog the test, range the and I’ll still those for the over fourth X.XX, revenues to end quarter $XXX million of us we we’re pleased million. in what for both were Dave to predicting a expect of we’re of million. straight second Taken leaving a $XXX bookings which
now solidly already referenced given positive an on schedule. on We is I based bit and There to expect And the fourth unpredictable. quarter are third is chain range performance, of set the are days. supply adjusted basis. up is business challenges. These will It these breakeven that wrestling higher the right kind get the our risks. makes slightly statement everybody we than things major that with of company the be a on believe us in way that, that running quarter a EBITDA our little one income The revenue
getting moment, that see but is at worse lot them better sense things getting don’t a Our much we either. the aren’t whole
usually and largely that and kind the much as assuming on Also, and dried out ship that bit back the a frankly, business. in So hold, which work back dependent unexpected, and level out is but there’s revenue took our projection orders book are some we flow two see have and they up regular business, quarters, of not that’s difficult, fourth normalcy. Those book come quick gets predictions complicating we’ll to longer third orders things factor, earlier them. the next made quarter are to are a probably and progress some just how when to a continued in of had ship starting little and level more to go come in world pandemic of for the somewhat a
ship to if Said way, on a to comfortably we could magic So wave $XXX million supply would, $XXX But we though, and when chain, orders, average. out, is be backlog, going we a million is all it $XXX supply healthy risk. balance we getting where we a chain and book wand million think think, you have we’re solve be. above another we’re
level over are some in in Dave. conservatism that, turn of With will I enough. it to numbers, we there hopefully building So those
