To the "thread,"
Earnings report is due on Thursday. Best guess is that it will be a very slight loss, perhaps two or three cents. This should be about in line with expectations, or perhaps slightly better.
The San Diego plant consolidation should be wrapped up by the end of the quarter. The roof, walls, and floors are in place, so the company is no longer captive to El Nino.
The "delay" from mid April may have *very small* impact on quarter two, but by quarter three, we should be operating much more effectively in 16G seating. It is my understanding that the airline seat business is running profitably as we speak (though it did not for the full first quarter, of course), and ITS is probably running at slightly above earlier expectations.
Quarter two should be profitable. The early line is approximately a nickel to a dime, but in quarter three there should be a significant improvement because of the new San Diego facility and the more efficient production that will be in place.
Now...all we need is a couple of announcements on ITS orders. |
