Park Electrochemical Corp. (PKE)’s Q3 FY 2015 Earnings Conference Call Transcript

So I think it would have been pretty straight forward to get a pretty good feel for the revenue levels in Q3 based upon our Q2 call. That the bottomline is really driven very much in Q3 the bottomline is really driven very much by the revenues which were private off. So let’s take, so I’m just going through my notes just making sure that I don’t miss anything important. Oh, here’s something else you should know, that I thought something you’d ask, that in August, September, October, November it’s uncanny how flat it is. It’s very, very flat, month over month over month, those four months are very similar. I’ve never seen anything like that. It’s uncanny, so if you’d take August, September, extract late October, November you have a third quarter. Now remember I said people were telling us in the second quarter I said people were telling us during our second call rather I said that the people were telling us that maybe there will be a recovery by the end of the year, maybe the inventory will be worked out. We don’t know that yet, what I can tell you are the facts, and I always very careful to explain, you know we don’t forecast, we just give you the facts that we know. We so often tell you what we have in the books for the current quarter. So as far as the fourth quarter is concerned, we got to look at the month of December, which unfortunately is the difficult month to draw conclusions from, what I can tell you, is that the last week of November, and the first two weeks of December were up as compared to that pattern for the last, for the prior four months which is so flat. Those three weeks, last week of November, first weeks of December which the five week month were up. The last three weeks of December go down, now why is that? A lot of people would say, well we had the holiday weeks, you know Christmas and New Year. The pattern would be consistent with that, that during those weeks things fall off. So it’s hard to read what’s going on because we’re trying to figure out what’s going on in the context of these holiday weeks. What I can tell you is that, last week of November first weeks of December were up, then the last three weeks, week three, four and five of December or fiscal weeks of December are down but, that I don’t think it’s surprising and it could be explained by the holiday situation, we just don’t know that. So at this point we have very little visibility because of the confusion of the holiday situation. Now we have in the books so far are the four week sorry the five weeks of December or five fiscal weeks of December. So as usual we’re not making any predictions or forecasting but we thought you’d be interested in that information which is the most current information we have in terms of our revenues. As I indicated in the last three quarters, we don’t really talk about our bookings anymore because we have such lumpy books as an aerospace that they could be misleading. So not a help at all when we talk about bookings and we don’t want to get information even though it’s actually correct which could cause us to draw conclusions.