Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
|---|
| The -- our Aerospace business is doing extremely well, extremely well, very good backlog |
| And as Joe said, it will be phasing in over the fourth quarter and next year, we're expecting very good things |
| The good news is we're in great shape with them |
| Richard Horowitz We spent roughly $2.5 million in CapEx this year, on these machines and very, very exciting and promising for us |
| Very good prospects, quoting is very high |
| So I don't know what's the true number or what it is, but certainly, I think the takeaway is it will be much better going forward for the next couple of years |
| It's going to be very significantly and very, very profitable and very good for efficiency-wise and all that |
| So that's good especially with Boeing having got another, we'll call it, 40% air pocket to get back up to, and we know they will down the road |
| So I'm pleased to hear that you're even excited |
| Our margins got better, but a few less units sold |
| Unidentified Analyst Richard, it's exciting to see you optimistic, enthused and even dare I say chipper |
| They're all up and running, but we're well behind where I'd like to be in terms of their benefit to the operations overall |
| It's doing very well |
| We're excited about the future with them |
| Richard Horowitz And as is our backlog in that -- I wouldn't call Jackson, we call it the PCG, PTG business, our backlog is very, very healthy there as well |
| That customer is doing very well with us |
| One of which you said on the last call, you were taking orders in Europe, including from Airbus, and you and the customers were very excited about this |
| It's really a very -- we're very, very optimistic, and we don't generally talk about things like this on these calls, but we're very, very optimistic about… Andrew Shapiro Yes |
| Joseph Molino And our levels right now are very healthy with that customer, very healthy |
| We're working on some things and we're hopeful that we can do better even going forward on top of the levels we currently even have |
| But we still are highly confident in the ability of those new tools to drop some money to the bottom-line |
| So -- but yes, it's a positive development, no doubt |
| I think it's -- we're better off explaining the overall business |
| We're still doing very well with international mining and again, just to remind everyone, it's not mining for coal necessarily |
| However, and more importantly, our gross margin of Florida Pneumatic and Hy-Tech improved 3.9% and 8.1%, respectively |
| We were excited about the run times that we're seeing, but there's a lot of tweaking |
| So that's a decent amount of upswing, but your Aerospace division seems to be subdivision of Florida Pneumatic seems to be doing pretty well |
| Their orders have been very predictable |
| So, thank you, and have a good day |
| But most of -- next year, we'll see almost full benefit for the whole year |
| Statement |
|---|
| In the end of last year, Home Depot sales were going down a lot |
| Our consolidated revenue declined 9.2% |
| I think it's something like six SKUs were dropped approximately since last year, But more importantly, we were stocking up pretty heavily throughout all of last year and into the beginning of this year because of the delays we were experiencing in getting product here from Asia |
| But it's essentially the SKU drop and, of course, the economy, which is slowing down |
| I hope all of you are doing well as our country and the world continues to face ongoing economic pressures as well as the ongoing crisis in Ukraine and general global unrest |
| We dropped six SKUs |
| But it's lost a little bit there's three things that happen |
| Any chance that you guys might consider providing those kind of backlog numbers and present in future quarters? Richard Horowitz We are reluctant to do that |
| Inventory has come down, I don't have in front of me, call it $3 million, mostly related to the Home Depot |
| We were hopeful that we'd be a little farther along than we are and it just is what it is |
| Andrew Shapiro That would make sense simply because their business level is down with you and you hadn't -- you were trying to get into Airbus before the pandemic and now you've gotten into them |
| I wouldn't say, pandemic its free crash, really, the crash was really more the issue for them, not the pandemic |
| Well, it sounds like that the bulk of it or a majority of it then is just the lumpiness of the rollout and not a permanently lower level of sales due to reduced stocking keeping units |
| They were tightening inventory and all that kind of stuff |
| It looks like it did okay |
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