Question-and-Answer Session
Operator
Thank you. We will now beginning the question and answer session. (Operator’s instructions) Our first question comes from the line of Amit Daryanani, go ahead.
Amit Daryanani – RBC Capital Markets
Thanks all, good afternoon guys. I just had a quick question, I guess, and I looked at your guidance, you’re looking for sales to be to up about 4% sequentially. As you look at the different end markets, can we just talk about what you expect across each of the end markets so we can have a better sense in that?
Steven W. Richards
Sure. Our aerospace and defense, we anticipate that end market being pretty strong for the next quarter. Because of some broad based pipeline activity that we have. So the defense portion of that will be strong. We’re still a little bit weak in the aerospace activity. So, overall that will probably be a little bit light, maybe down another percent in the fourth quarter. This is a first quarter where we’ll maybe go down. We went on a straight line up for the last 10 quarters. So we feel pretty good about the progress that we’re making in aerospace and defense.
On the computer peripherals and storage, that will be maybe slightly down a little bit. Not too much change there. We’re at about 12, maybe down a percentage. Medical and industrial should be flat for the next quarter. Communications and networking, when we look out into the future we’re going to see some recovery there at our backplane operation. And we’ll see some continued growth in that end market segment independent circuit board segment. So that will probably be the main segment that increases probably a couple of percentage points in network and communication in the fourth quarter.
Amit Daryanani – RBC Capital Markets
Perfect. That’s very helpful. And then I guess, Kent, a lot of companies across the supply chain, this is what I’ve been talking about seeing component shortages and essentially having to scramble to meet the uptake in customer demand. I’m curious if you’re seeing any of these issues that you’re having trouble procuring, like, a raw material that you need? And did you have to leave some revenues on the table at the end of quarter?
Kenton K. Alder
The answer is no, we didn’t leave any revenue on the table. And some of the components shortages are mainly coming from the semi-conductor market place. That really doesn’t impact us unless customers can’t get components and they delay orders and so forth. But we haven’t experienced any of that. And our raw material costs with laminate and other raw materials are just not impacted. There’s plenty of supply, so from a material perspective in us being able to get the materials we need, we have no impact whatsoever.
- To read the full transcript on Seeking Alpha, click here »
