our long-standing goal is to give our shareholders private equity-like returns with the liquidity of a public market. to do this, we stay focused on both the details of value creation as well as careful allocation of our capital. since our founding in 1993, we have followed a consistent long-term strategy. our business strategy is made up of two key elements. the first is a value-driven operating strategy based on our three value driver concepts – developing profitable new business, productivity and cost improvements and providing highly engineered value-added products to customers. the second element is an acquisition strategy focused on proprietary aerospace businesses with significant aftermarket content where we see a clear path to value creation. the successful execution of this business strategy has enabled us to deliver consistent financial performance through all phases of the market cycle of the aerospace industry.