Astronics Corporation (NASDAQ:ATRO) Q3 2024 Earnings Conference Call November 6, 2024 4:45 AM ET

Company Participants

Craig Mychajluk - Investor Relations
Peter Gundermann - Chairman, President and Chief Executive Officer
David Burney - Executive Vice President and Chief Financial Officer

Nancy Hedges - Corporate Controller and Principal Accounting Officer

Conference Call Participants

Jonathan Tanwanteng - CJS Securities
Michael Ciarmoli - Truist Securities

Operator

Greetings and welcome to the Astronics Corporation Third Quarter Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode. A 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, Craig Mychajluk, Investor Relations. Thank you sir, you may begin.

Craig Mychajluk

Thank you, and good afternoon, everyone. We certainly appreciate your time today and your interest in Astronics. Joining me on the call are Pete Gundermann, our Chairman, President and CEO; and Dave Burney, our Chief Financial Officer; and Nancy Hedges, our Corporate Controller.

You should have a copy of our third quarter 2024 financial results, which crossed the wires after the markets 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 these documents on our website or at sec.gov.

During today's call, we will also discuss some non-GAAP 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 GAAP measures in the tables that accompany today's release.

With that, let me turn the call over to Pete to begin. Pete?

Peter Gundermann

Thank you, Craig, and good afternoon, everybody. I would like to begin this call by saying a few words about a couple of people here in the room with me. Dave Burney will be retiring as our CFO early in 2025 after a tenure of 29 years with the company. 22 years ago, he and I took over the C-Suite at about the same time. Revenues for our company at that time were about $33 million and this year we expect to again be in the $800 million range. So it has been quite a ride over these 29 years with Dave. He's been a tireless leader within our company and a trusted friend and partner for me, and he will be missed. Although I do have his cell phone number and I know where he lives, so if needed, we'll pull him back in.