Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jim Ricchiuti - Needham & Company.
Jim Ricchiuti - Needham & Company
I was wondering if you could maybe elaborate on which of your vertical market segments you are seeing some improvement, Gerry.
Gerry Perkel
Well, I think historically, we have seen the first calendar quarter to be sequentially a tougher quarter in both our control room and signage business unit and our commercial business unit.
The commercial business unit partially just because of the number of holidays depending on when the actual New Year’s holiday and stuff falls and the control room and signage business just a historical shortfall there.
In the first quarter, we saw a good strong or greater than one book-to-bill in the control room and signage business unit. So, we have more backlogs entering this quarter than we had entering the last. So, we see some promising things there. We see some good order rates in the commercial business unit as we begin the quarter and then we are starting to see some improvement in the industrial business unit as we start to see some orders coming in from either beginning to pick up some of the demand that was slower from our customers or those customers that are a little bit more seasonal in nature.
On Home Theater front, we continue to see that to be fairly challenging and not seeing looking that to be by more flattish.
Jim Ricchiuti - Needham & Company
In the market segments that you just talked about, I am just curious, if there are some specific industries where you are seeing the demand, for instance in the control room and signage market, is that some of that coming from government, just in light of the economy, I am just curious where are you seeing the strength.
Gerry Perkel
Well, we are seeing it across multiple sub segments of those business units if you will. But in a sense to some degree, for control room applications in that business unit that is really oftentimes related to infrastructure investments and you hear a lot in the press about infrastructure investments being part of some of the things that governments both local and state and all the way up to the Feds are trying to push.
So, we are seeing some infrastructure investments. We are seeing some investments from a government and military standpoint. So, we are seeing it in multiple different segments.
- To read the full transcript on Seeking Alpha, click here »
