Anaren, Inc. F4Q10 (Qtr End 06/30/10) Earnings Call Transcript

Anaren, Inc. (ANEN)

F4Q10 (Qtr End 06/30/10) Earnings Call Transcript

August 4, 2010 5:00 pm ET

Executives

Lawrence Sala – Chairman, President and CEO

George Blanton – SVP, CFO and Treasurer

Analysts

Rich Valera – Needham & Company

Mark Bauser – BlueFin

Chris McDonald – Kennedy Capital

Greg Weaver – Invicta Capital

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to Anaren’s fourth quarter earnings call. (Operator Instructions) I would now like to turn the conference over to your host for today Mr. Larry Sala, Chairman, President and CEO. Sir, you may begin.

Lawrence Sala

Thank you. Good afternoon and thank you for participating in the Anaren fiscal 2010 fourth quarter conference call. I’m joined again today by George Blanton, our CFO, and Joe Porcello, our VP of Accounting. I’ll provide a brief overview of the results of the quarter and for the fiscal year after which George will review the financial highlights. We will then take your questions.

Certain statements made during this conference call will be forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those discussed. You are encouraged to review our SEC reports and exhibits to those reports to learn more about the various risks and uncertainties facing our business and their potential impact on our net sales, earnings, and stock price.

Net sales for the fourth quarter were $45.3 million, up 3% from the fourth quarter of last year, and up 7% sequentially from the third quarter, an increase in Space & Defense Group net sales drove the overall increase from the third quarter. The strong fourth quarter sales drove record sales for the fiscal year of a $168.8 million.