key conference call moment for me Brad Bourne was talking about the 14 instrument panels they delivered for Orion spacecraft last quarter versus roughly a hundred panels a day companywide and he said something like "it's not going to drive MY revenues'
You want people running a company that see it as more than a job. You also want them to be competent and management here doesn't let you down.
Onto the call , where I was focused on whether a "great " ( started call on an upnote) quarter could be improved upon? The next quarter is probably flat - summer holidays and no interest income on cash balance now paying interest on debt..... Simulators may have peaked - 1 of top 5 , 2 of top ten customers currently.
Longer term , aircraft industry still seeing a recovery. Airbus upping production from 60 to 65 planes, Boeing 737 was 31 planes ? , now to 38 planes up to 44 planes in future and Bombardier predicting 15% growth.
Acquisitions closed April 28 so not totally reflected in sales. Holaday remains a priority where they see cost savings through procurement ( larger organization) and replacement via reengineering with customer approvals needed that could lead to a $3 million improvement in profit . Actively looking for employees there as well where they foresee a recovery to pre covid levels ( expected to take more than a year and hopefully less than 2 years). The 17 new employees were legacy FTG.
Repatriated more cash from China as a safety measure against geo political unrest .
In conclusion ,
laissez le bon temps rouler