The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kenneth George Herbert - RBC Capital Markets, Research Division - Analyst
: Carlos, maybe I could just follow up on that or Eric. It looks like organically, the last 3 quarters, FSG revenues have grown about, call it, 5-ish percent
mid-single-digits sequentially. Is there any reason that sort of sequential growth in the segment shouldn't change as we think about the next 3
quarters here or for the year?
Question: Kenneth George Herbert - RBC Capital Markets, Research Division - Analyst
: No, that's great. And if I run that out, it looks like you're obviously -- you've got another, call it, sort of quarter of easy comps this quarter, just
considering the timing. And then the second half of fiscal '22, obviously, you're up against more challenging comps within FSG. But if I run that
out, it looks like you should still be able to maintain pretty significant sort of growth relative to sort of historical averages and where traffic growth
could be. And I'm guessing part of that is, it sounds like we're maybe hearing some restocking efforts at some airlines and obviously, we had a
pent-up demand. But is there anything else you would call out, Eric, that could perhaps get to or maintain sort of above trend line growth in the
back half of the year with what you're seeing in the marketplace today?
Question: Kenneth George Herbert - RBC Capital Markets, Research Division - Analyst
: Great. No, that's excellent. And if I could, just one for Victor. You called out, Victor, in the quarter, some supply chain and Omicron related disruptions.
Is it possible to size that a little bit or maybe think about within the defense portfolio, specifically within ETG, how that could have looked organically,
excluding some of these onetime disruptions?
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