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Astronics Corporation Q1 2010 Earnings Call Transcript

Astronics Corporation (ATRO)

Q1 2010 Earnings Call

May 5, 2010 1:00 pm ET


Deborah K. Pawlowski – Investor Relations

Peter J. Gundermann – President, Chief Executive Officer & Director

David C. Burney – Chief Financial Officer, Vice President Finance, Secretary & Treasurer


Tyler Hojo – Sidoti & Company, LLC

Scott Lewis – Lewis Capital Management

Kevin Ciabattoni – Boenning & Scattergood, Inc.

Richard Ryan – Dougherty & Company, LLC.



Welcome to the Astronics Corporation first quarter 2010 financial results conference call. At this time all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Deborah Pawlowski, Investor Relations for Astronics Corporation.

Deborah K. Pawlowski

We appreciate your time and interest in Astronics. Here today with me is Pete Gundermann, President and CEO of Astronics and Dave Burney, Chief Financial Officer. They will be covering the results, outlook and prospects of the company on the call and then will follow up with a question and answer period. Should you not have the release that went out this morning, it is available on the company’s website at

As you are aware, we may make forward-looking statements during the formal presentation and the question and answer portion of this teleconference. These statements apply to future events which are subject to risks and uncertainties as well as other factors that could cause the actual results to differ materially from where we are today. These factors are outlined in our earnings release as well as in documents filed by the company with the Securities & Exchange Commission which can be found at the SEC website as well as the company’s website.

With that, let me turn it over to Peter to start the discussion.

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