LaBarge, Inc. F3Q10 (Qtr End 03/28/10) Earnings Call Transcript

LaBarge, Inc. (LB)

F3Q10 (Qtr End 03/28/10) Earnings Call Transcript

April 29, 2009 11:00 am ET

Executives

Craig LaBarge – CEO and President

Don Nonnenkamp – VP and CFO

Analysts

Fred Buonocore – CJS Securities

Paul Mammola – Sidoti & Company

Mark Jordan – Noble Financial

Presentation

Operator

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Welcome to the LaBarge Incorporated fiscal 2010 third quarter conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator Instructions). This conference is being recorded today, Thursday, April 29, 2010.

I would now like to turn the conference over to Craig LaBarge. Please go ahead.

Craig LaBarge

Good morning, everyone. Thank you for joining us today for a discussion of LaBarge's financial results for the fiscal 2010 third quarter and first nine months, which ended on March 28. With me today is Don Nonnenkamp, Chief Financial Officer for LaBarge.

As is our practice, we will begin with some prepared remarks and then we will open up the call for questions. We continue to experience broad-based strengthening in our business with customer demand increasing across several key market sectors, especially industrial and natural resources. The fiscal 2010 third quarter was the strongest of the current fiscal year-to-date with sales, gross margin, operating income, bookings, and backlog, all up significantly from this year's fiscal second quarter levels, as well as from the comparable period a year earlier.

I should note that the reconciliation of any non-GAAP financial measures mentioned during this call are provided in today's press release, which is available on labarge.com.