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TheStreet Open House

Anaren's CEO Presents At Jefferies Global Industrial And A&D Conference (Transcript)

Stocks in this article: ANEN

Anaren, Inc. (ANEN)

Jefferies Global Industrial and A&D Conference Transcript

August 9, 2012 10:30 AM ET

Executives

Larry Sala - Chairman, President and CEO

Analysts

Howard Rubel - Jefferies

Presentation

Howard Rubel - Jefferies

Good afternoon or good morning. This is one of those days where you think good morning or good afternoon, so I apologize. Good morning. I’m Howard Rubel, and I’m a Managing Director in the Equity Research Department at Jefferies. I cover the aerospace and defense industry, and its great pleasure today to have with us Larry Sala, who is President, CEO and Chairman of Anaren. Thank you very much.

Larry Sala

Thanks you.

Howard Rubel - Jefferies

Thank you, Larry.

Larry Sala

I appreciate you’re taking time today. So quick caution relative to any forward-looking statements we may make today.

Anaren is a 40 plus year old company. We’ve been focused in microwave electronics for more than 40 years. We’ve been a subsystem supplier in the Space & Defense industry since our founding for more than 10 years. We’ve been also supplying components into the wireless infrastructure market, where we supply base station manufacturers with microwave componentry.

Our fiscal year just ended, we just reported a couple days ago. Our fiscal ’12, we did a little under $50 million, that’s down a bit from the year before, I’ll talk about why that is, but we definitely have seen things turnaround in the last couple of quarters and we have expectations for growth and improved profitability in our fiscal ’13.

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