All right. So, we're on pace to open up at records. You say you're still bullish on stocks. So, if you're still bullish on stocks, what's the play right now.Is it about value stocks right now. Is it about uh perhaps dividend stocks. You continue to pile into tech.Where's the move. Frank, I think you want to be diversified here. In our view, what you want to do is you want to own growthier value and garbier growth uh as your core wherever you can pick up a dividend and still look at primarily dividend grower ...

Shares in European aerospace giant Airbus (EADSY 3.78%) rose by as much as 4% in early-morning trading today. The move follows the announcement that Vietnam's Vietjet airline has doubled its orders of wide-body Airbus A330neo aircraft to 40 from 20 during French President Macron's visit to the country.Vietjet and AirbusThe airline already operates an all-Airbus fleet , comprising 116 narrow-body A320 family aircraft and seven wide-body A330s in operation. Therefore, the order isn't a new "logo" win for Airb ...

Core Insights - The company reported quarterly sales of $16.94 million, with $4.4 million from C2B fabric sales, and announced a major manufacturing expansion with a capital budget of $35 million [2][6][8] - Cash and cash equivalents at quarter-end were $68.8 million, expected to reduce to $21.5 million after planned expenditures [2][8] - Significant new business opportunities in composite materials and defense programs are driving the expansion initiative [2][8] Financial Performance - Quarterly sales reached $16.94 million, including $4.4 million from C2B fabric and $420,000 from C2B material-based laminates [5][6] - Gross margin was reported at 29.3%, positively influenced by strong production performance despite low-markup C2B fabric [6][15] - Adjusted EBITDA was within the forecast range of $3.3 million to $3.9 million [6][10] Manufacturing and Expansion - A planned capital investment of $35 million is aimed at expanding manufacturing capacity to meet long-term demand in aerospace and defense [2][8] - The company has entered into an agreement to advance 4.59 million euros to ArianeGroup for manufacturing capacity expansion, with the first installment of $1.5 million already paid [2][7][59] - Production exceeded sales by $1.4 million, contributing an estimated $350,000 to the bottom line [7][22] Market and Product Developments - The company is engaged in discussions with two Asian conglomerates for a potential joint venture in aerospace pre-preg production, contributing only intellectual property [3][68] - A newly certified lightning strike protection material is expected to generate approximately $500,000 in annual sales once fully ramped [4][60] - The company is participating in a hypersonic missile program, with progress reported and further updates expected within six months [10][62] Customer and Sales Insights - C2B fabric sales for the year totaled $7.5 million, significantly impacting the profit and loss statement [6][24] - The company has spent $9.3 million on share repurchases under the 2022 authorization, with an additional $2.17 million repurchased in Q1 FY2025 [9][80] - The company has a strong dividend history, having paid over $600 million in dividends over the last 20 years [9][80]

Financial Data and Key Metrics Changes - Sales for Q4 FY 2025 were $60 million, exceeding the estimated range of $15.5 million to $16.3 million [8][10] - Gross margin was reported at 29.3%, which was higher than expected given the circumstances [8][10] - Adjusted EBITDA for Q4 was within the estimated range of $3.3 million to $3.9 million [10] Business Line Data and Key Metrics Changes - C2B fabric sales accounted for $4.4 million in Q4, which was $500,000 more than predicted [18] - Total sales of C2B fabric for the entire fiscal year 2025 reached $7.5 million [19] - Production exceeded sales in Q4, allowing for a significant positive impact on EBITDA and inventory levels [16][17] Market Data and Key Metrics Changes - The company highlighted its position in niche military aerospace programs, including radomes and hypersonic materials, which are expected to drive future growth [32][76] - The A320neo family backlog remains strong with over 7,256 aircraft orders, although supply chain issues are affecting delivery rates [39] Company Strategy and Development Direction - The company is focusing on expanding its manufacturing capabilities to meet increasing demand, particularly in defense and missile programs [87][89] - A major new expansion of manufacturing facilities is planned, with an estimated capital budget of $35 million [86][94] - The company is also exploring joint ventures in Asia to enhance its manufacturing capabilities [67] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand in military defense markets and the successful ramp-up of production capabilities [76][87] - The company is committed to maintaining high standards of quality, aiming for a perfect score in supply chain performance [69] - Management acknowledged the challenges posed by supply chain issues but indicated that they have been able to mitigate tariff impacts effectively [72][74] Other Important Information - The company has entered into a new agreement to advance €4.58 million to Aireon for new manufacturing equipment, which will enhance C2B fabric production capacity [59] - The company has a strong history of cash dividends, having paid over $600 million in the last twenty years [83] Q&A Session Summary Question: Will the C2B fabric manufacturing equipment funded by Park be located at Aireon's facility or Park's facility? - The equipment will be located at Aireon's facility, and Aireon will own and operate it [78] Question: Does the Park MRAS LTA provide for any further price increases through 2029? - No, except for price increases related to increases in the cost of certain raw materials [79] Question: What is the status of the hypersonic missile program trials? - Trials are progressing well, with materials being built and tested, and updates expected in about six months [63][65]

▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer and President, Commercial ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations Q1 2025 PERFORMANCE HEADLINES 3 ▪ Delivered diluted EPS of $1.07 ▪ HDMC operating income margin of 10.8 percent ▪ HDFS operating income margin of 26.1 percent ▪ Global motorcycle retail sales down 21 percent year-over-year, driven by a volatile macro environment and overall consumer uncertainty ▪ HDMC revenue d ...