Astronics Corporation (NASDAQ:ATRO) Q1 2023 Results Conference Call May 9, 2023 4:45 PM ET

Company Participants

Debbie Pawlowski - Chairman, CEO and Founder

Peter Gundermann - Chairman, CEO & President

David Burney - Executive VP of Finance, CFO & Treasurer

Conference Call Participants

Jon Tanwanteng - CJS Securities

Pete Oberland - Truist Securities

Scott Lewis - Lewis Capital Management

Operator

Good afternoon, and welcome to the Astronics Corporation First Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Debbie Pawlowski, Investor Relations for Astronics. Please go ahead.

Debbie Pawlowski

Thank you, Priscilla, and good afternoon, everyone. We certainly appreciate your time today and your interest in Astronics. On the call here with me are Peter Gundermann, our Chairman, President and Chief Executive Officer; and Dave Burney, our Chief Financial Officer.

You should have a copy of our first quarter 2023 financial results, which we just released after the market closed today. If you do not have the release, you can find it on our website at astronics.com.

As you are aware, we may make some forward-looking statements during the formal discussion and the Q&A session of this conference call. These statements apply to future events that are subject to risks and uncertainties as well as other factors that could cause actual results to differ materially from what is stated here today. These risks and uncertainties and other factors are provided in the earnings release as well as with other documents filed with the Securities and Exchange Commission. You can find those documents on our website or at sec.gov.

During today's call, we will also discuss some non-GAAP financial measures. We believe these will be useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of non-GAAP measures with comparable measures in the tables that accompany today's release. With that, let me turn it over to Pete to begin. Peter?

Peter Gundermann

Thank you, Debbie, and good afternoon, everybody. Thank you for tuning in for our call. In general, we feel the first quarter was a reasonably good start to the year, and we're making lots of good progress, though there are challenges. We'll divide this conversation generally into a discussion of the positive points to begin with and then focus a little bit on the challenges towards the end.