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Edac Technologies Corp. Message Board

  • argyle46 argyle46 Mar 7, 2013 10:26 AM Flag

    Conf Call Highlights

    1. Sales from EBTEC were about $300k lower. This was due to one of it's customers getting acquired during the quarter. EDAC expects these sales to be restored after the acquisition is finalized.

    2. The Trent 900 parts process is still ramping up so it is not yet optimized. This is causing margins to be lower. Expects the rampup to be in full swing after the 2nd quarter when margins will improve on this program.

    3. Moving expenses increased by about $300K this quarter, and this additional expense will continue throughout 2013. This caused margins to be slightly lower than in the last quarter.

    4. Plainville is expected to be sold after Q2.

    5. Pratt is still in the process of determining partners for the geared turbofan. Pratt expected to announce it by end of 2012 but that did not happen. No estimate as to when the announcement(s) will be made.

    6. Pagano is not expecting any impact due to the sequester.

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