Tom Curran's questions to Aspen Aerogels Inc (ASPN) leadership • Q2 2025
Question
Tom Curran of Seaport Research Partners asked for more color on the Energy Industrial segment, specifically the mix between new projects and maintenance for Subsea and LNG, the nature of any demand disappointments, and typical order lead times.
Answer
President and CEO Don Young clarified that Subsea is entirely new project work and its recent slowdown was the primary surprise. LNG is a mix of maintenance and new projects. He detailed lead times, stating Subsea orders are typically delivered within one to two quarters, while LNG projects have longer lead times of two to four quarters.