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: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst
: Yes. It was just -- you navigated through a very difficult situation very well. So I'm pleased. And I also understand that we're looking at this as it is
as opposed to what it would have been if we didn't have this pandemic going on, but the world is certainly different.
I'm not as pessimistic as you in that I think by the second calendar quarter next year, we could see, in the type of business that we're in, a more
normalized situation. So the -- what you have is a nice portfolio of products that certainly are necessary. And I think things pick up with rail, and I
think things -- the space thing is certainly not going to be huge on its own, but it certainly is something that can get you lots of other business
because if it's good enough for space, it's good enough for almost anything else you could use your products for. So I think it's a very strong positive.
And the armor business, I see in the world we live in, being something that is going to be of high demand. So I think the future could be pretty
good. And as long as you can operate profitably in these adverse circumstances, I think profits could grow very quickly as we get into the second
calendar quarter of next year.
But if you want to comment on anything I just said, I'd appreciate it.
Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst
: Okay. And why would your customers, not you, be that profoundly affected as you're stating, even in the near term, because they're not selling to
industry -- to restaurants or bars or travel industry, just it would seem like...
Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst
: Okay. But I think people will have confidence in the railroad industry quite a bit before they have it in the air industry. So it would seem like...
Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst
: No, no, please. Go ahead and take whatever calls are available.
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