5/4/2023

speaker
Dennis Bertolotti
President and Chief Executive Officer

So look for those below the oil and gas ones to all be in double digits and arrow and in data. The three different segments, you know, that's just customer dependent. You get a big project and, you know, mid or down or something like that. I would say for us, while they're all going to have a chance of growing at different rates, you'll probably see maybe a little bit more growth in the upstream. side than the other two this year, just depending on a lot of the contracts we have out now that would be coming through. So of the three, it'd probably be a little bit more in the upstream. And those are nice because the upstream is a lot more of a, it's a less volatile revenue cycle. They really don't go up and down. The facilities are larger and they try to keep them staffed at a rate that is constant, partly because of bed space and capabilities. They don't have a lot of room to go up and down anyway. So growing in that sector is good for us because it becomes a lot more base load type of sales.

speaker
Ed Prasner
Senior Executive Vice President and Chief Financial Officer

Another important feature, Brian, is the balance we have this year. Yes, oil and gas is strong. Yes, aerospace will have another good year. Maybe not quite as good as last year, the growth it had. Data obviously is affecting all end markets. That's a solid thing. But the other good element here is that all the other end markets, putting aside the couple of larger ones, of all mostly up this year, they were all mostly down last year. So I think this better balance we have across the bigger end market portfolio is a real good, you know, strong point for us this year, where all geographies are doing very well, all service lines are doing well, all markets, and all the non-core markets are actually doing very well right now. That was not true last year. So that's where I think, you know, might carry the day this year is really the strength and balance across all the end markets. All the service offerings, all the geographies, all are doing fairly well, and that's a really good thing for us. Defense will pick back up. Commercial aerospace is very good right now, as is private space. Defense is probably the only one little sub-industry, sub-sector that's having some delays right now. But as Dennis said, it'll get back in sync. But I think it's really a year of balance or cost. Any way you want to sort of bifurcate our revenue stream as we're giving you more ways to view it, I think they'll all be relatively balanced and robust this year, and we'd like that.

speaker
Brian

All right, great. And then one last question on SG&A. You said flat or down. I guess you mean flat or down on a full year basis relative to 2022, which was $166.5 million. Yes, yes, yes. We were very hard, but keep it flat, yes.

Disclaimer

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Q1MG 2023

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