Astronics Corporation (ATRO) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.333 I just wanted to 00:00:02.333 -- 00:00:07.916 continue our program this afternoon. Gosh, time flies. 00:00:09.119 -- 00:00:11.381 My name's Gautam Khanna, TD Cowan analyst. 00:00:11.381 -- 00:00:16.306 I cover Astronics and Aerospace and Defense broadly at Cowan. 00:00:16.306 -- 00:00:20.890 Very pleased to have with us Peter Gunderman, Chairman, President, and CEO, and Nancy 00:00:20.890 -- 00:00:24.753 Hedges, Chief Financial Officer of Astronics. 00:00:24.753 -- 00:00:27.414 Thank you for coming, guys. 00:00:27.696 -- 00:00:30.203 Thanks for having us. Thanks for having us. 00:00:30.203 -- 00:00:32.606 You're right. It's good to save the best for last. 00:00:32.606 -- 00:00:35.227 Yeah, exactly. 00:00:35.830 -- 00:00:40.355 I was just going to ask Peter and Nancy to just give us a very quick kind of introduction 00:00:40.355 -- 00:00:44.820 of the company so that everyone knows what Astronix does, and then we'll go right into 00:00:44.820 -- 00:00:46.820 Q&A. 00:00:47.183 -- 00:00:51.348 Okay. A quick overview. We're an aerospace system supplier. 00:00:51.348 -- 00:00:55.465 We're 90% aerospace. We do have a second segment. 00:00:55.465 -- 00:00:58.309 that we call test. 00:00:58.309 -- 00:01:01.695 But most of our investors think of us as an aerospace company. 00:01:01.695 -- 00:01:04.839 We act like an aerospace company. 00:01:04.839 -- 00:01:07.924 We are 70% commercial 00:01:07.924 -- 00:01:09.924 transport 00:01:10.067 -- 00:01:14.714 and 10% military, 10% business jet, 10% test. 00:01:14.714 -- 00:01:17.118 That's a simple way to look at our company. 00:01:17.118 -- 00:01:22.837 And if you look back at our financials during the pandemic, that helps explain 00:01:22.837 -- 00:01:26.643 the drastic movement in our financial ...