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

Electronics pricing is really stock in place for a long time we don’t move it, aerospace we move point to point most of the time, we tend to adjust our prices I think that’s a bad pattern we are in. We really need to focus more on raw material cost and our input cost they just assume wherever they are we are going to re-price our product accordingly. I think it’s a lazy and not a good pattern for Park, a mindset for park to be in so we need to work on that. I do believe there is some opportunity for improvement there too. The rest of the cost especially electronics I think we tried to screw it down pretty tight, not to the point where it’d compromise Park’s ability to be an effective supplier for our customers but we have it screwed down pretty tight although you know we always looking at ways to optimize especially out west by even though we have two locations for electronics Arizona and California we really combine the operations or two locations plus one operation with basically one overhead you know one stay of it that carves in two location and we can do more with that I believe.

Sean Hannan – Needham and Company
Yes, ok! Great. Thanks very much for all the color Brian.

Brian E. Shore
You’re welcome.

Operator
Thank you, our next question comes from Morris Ajzenman as Griffin Securities your line is now open.

Morris Ajzenman – Griffin Securities
Good Morning guys. Question back on composites, you kind of spoke about the trend in the quarter you mention GE being flat sequentially. Can you give us colors or any change in the purchase orders with GE or composites overall in this quarter versus the past quarter.

Brian E. Shore
Ok Morris you go check out the transcript of Matt’s comments that are posted in our website were Matt did explain whether revenues were for the quarter I think there were $9.3 million which is up a little bit from the prior quarter. So there are some movements in the right direction, GE were you commented on we have a lot of visibility with GE that’s kind of a long term situation and the rest of the opportunities, we certainly, let me say this, I think our sales guys and even some of our folks in Kansas have got the message they are out there hitting the pavement pretty hard and we are doing just for a coding perspective I see all the codes actually the volume is quite a bit higher, this is anecdotal it’s not a scientific report for you but the volume of coding is quite a bit higher that it had been so that would normally be an indication of function of the sales guys out there in the market pretty aggressively looking for business. And that’s why you know in response to Sean’s question that I’d say I’d be pretty disappointed if we don’t see a meaningful op in the current calendar year, rather in regards in the aerospace. Yes I think the opportunities are there, the opportunities with GE are long term and more definable and more predictable. The opportunities for the hundreds of other customers, but some are small, it’s not all you know the big OEMs some are small but the opportunities with them they are there I’d think that we’d just have not done an effective job in the past of going right after those opportunities. Now if you want to be you know, if you want to go themselves ok fine you know a year ago we were still going through a transition, start up and difficulties but that’s all behind us, we don’t have that excuse anymore, it’s time for us to get that business. I don’t have any quantification for you, I just have an anecdotal input which hopefully be helpful.