Scott J. Montross
today welcome earnings and and replay. all Pipe second I'm Company's should President Financial being our Eastern Good By P.M. a Officer. to call. to available My XXXX joined company. the conference CEO Montross, Time. call Aaron is name quarter Wilkins, have now, and and Chief our morning of Northwest by is I'm which it release, for X press of at yesterday, issued approximately you webcast, is was August access earnings X, XXXX This Scott
most like obligation a you As quarter in results differ actual Form we to actual that future discussion December year-ended begin, for statements remind and XX-K I'd for could update factors a our forward-looking cause regarding materially are from to could performance. call to resulted strong review differ to begin joining call results. second remained on statements. for of book. our backlog forward-looking for I'll discuss our quarter quarter the has recent expectations SEC XXXX made filing order our which with XX, of this materially. strong, and any that in today our results Bidding second improved first XXXX expectations. a risk Please has our We undertake statements, an our versus no activity such everyone to precast Thank and refer
quarter very eighth and of current As million Pipe million to of the of million compared XXXX. XXth, end the XXX end historic at million quarter by of backlog XXX up quarter of represents was XXX high remains standards. second XXX Northwest Legacy XXX and business, June XXXX our our The the the first orders consecutive confirmed at the including million for of
concrete year. addition, the through remains Precast of busy as the time for order book business and In we our Pipe the elevated progress
from in and legacy benefited increase a acquisition to business million and XX.X Geneva in Improved in drive our by from in XX XXXX end at we through negatively schedule strong. of first declining of the of as Backlog the into The offset precast solid nature. of XXXX. strategy, growth quarter in performance saw in Mexico the as by the as why COVID-XX-related facility. that Geneva The to Pipe contributions water pressure well temporary shifts shutdown net to a choppiness is assets timing chose quarter enter affected job XXXX more million Precast gross pricing that business of of the bidding impacted our the business steel positive contribution million. second quarter was year-over-year second our XX as end the transactional quarter January. periods after the Second concrete grew the and SLRC is helped our in remained revenue of half business by significantly of dollars more ability profit of remains of the the part space sales very XX.X% helped Geneva from late business Legacy quarter reason factors. profit gross the second legacy of business the move legacy the structure Strong elevate pipe we very our as Precast
helped than some decline. those to we volume given Thankfully, orders. partially Rio for SLRC COVID-XX water by San shift infrastructure facilities, enough Lui revenue manufacturing at we of some Colorado, from offset over of shelter were the SLRC we or related were Mexico, short impacted in early which the time in jobs facility that plants frame negatively to in our more of the our profit As shutdown able government-mandated place U.S. due anticipated, have gross April and capacity to our the
able of remained majority July XX% facility as and were ramp pre-COVID-XX staffing production XXst. of since SLRC on June back authorized operations levels been our to the partial Xst, steadily idle the have at quarter, the to While to second resume we up for operations
are back to employees as very to of to be possible. bring able our pleased all We safely work affected as
impacted bidding of and products. essential to have any the the operations COVID-XX water infrastructure we producing our our business not some delayed While jobs, timing experienced U.S. some due of major in at interruptions critical and the activity plants nature
safety, been to health, an our one proactive this help This able the the due to we of and challenging well-being employees. complex in the through remains addition to In navigate as business, essential March protect successfully to measures we've number priority. designation and believe environment took we our
key hours area distancing, of addition or to like of offer to our measures now continued paid support employees possible, by have encourage schedules sick improving those a remains working maintain turn additional focus. two-pronged leave which when and discussion to to impacted to our sanitary to social I'd promote home from otherwise COVID-XX. we continue staggered growth strategy, help throughout In shift a facilities, of
First limited and lean growth foremost cost transmission our opportunities. manufacturing but through and pipe known pressure ongoing business well steel as water maximizing are we reductions core as pursuing
acquisition of in many in this given opportunities market are we currently the aware, you have of share steel pressure are market, expansion space. fairly pipe As XX% and limited
second to the adjacent water space. grow component growth of is such, in strategy our As an
precast approach. has continuing our M&A environment environment the order as up perspective, our and business. space margin by evaluate in precast macroeconomic the a billion remain revenue demonstrated roughly higher our $X XX, the Despite recent the precast Demand in highly various this strong January and billion $X.X well concrete market Pipe cash relative the opportunities, strong which characterize quicker held in but presents to disciplined broader would as challenges acquisition U.S. we book. a estimate to legacy this conversion are potential from we Geneva cycle current our space on by prospects concrete As is market in opportunities Precast a with chose to demonstrated product having we we We XXXX, of growth the
Our the for Geneva, plan in criteria a cost expanded and Texas use strong at is program XX,XXX and centered Since of having pipe to new be Harris representing programs both Geneva, market. market, Worth The weeks projects. strong Transmission see the future projects Authority forward process is created continuation Central organic significant SWIFT lean Texas the program. appropriated corrosive growth multiagency in West program of Surface state. additional growth Texas to begin on regional Houston XX,XXX XXXX. to the Natural sewer over is tons of program Ralph pump Trinity X projects for treatment and over the Regional tons has the Water for for commercializing to a includes we've Dallas-Fort ongoing water Lake regional The Water is our cash to X the to the The like multiagency management. to potential, metropolitan of in in reservoir built turn facilities XX,XXX the made for expected will in the sharing I is and dam program of solid District. the Prop Houston and pipe. market, for integration second expected a XXXX, year. creating continue funding positive working Water billion also According and potential Regional to and large and fiscal supplies last of in Upper the various XX% the profile. ahead. area within asset We in representing in of them water Alliance We're of Water Agency, product a In tons for innovative XXX-day North efficiencies, to margin billion funded as currently into spring flow bids in Construction procurement is addressable ensure products funds progress with includes pipe. western This in Water California's County multiyear SWIFT another Supply the now the segments the water move stations, Hall regional year projects months program through for organic funding $X.X efficiency, next we the in is that inventory Texas. authorities this manufacturing, for infrastructure expected in represents bond program has design been In tons in following characteristics, at project have of is and opportunities authorities. From to you years. another the much-needed region. perspective Surface new current anticipate look pipeline, pipeline major look XX,XXX in new six California Construction multiple bid sustainable Resources begin a pipe. XXXX-XXXX major applications expected half of The XXXX. long-term The water water represents XXXX, upcoming concrete through
facilities. in activities requirements with Currently, have tons later improvement three zones reuse identified generated not for California have out annually XXXX-XXXX. project in pilot site's city's This as but water see The stations, of we water miles over PCCP will up their treat year. XX-plus schedules. pump projects large reuse and pipe. to new in will programs a tons over to full-scale X,XXX treatment recycle XXXX. curtailments operating represent six This rehabilitation Prop work has safeguards Sanitation and in pipelines, new over the for involve program programs It to River years. about these cancellation has construction supply Colorado to two is procurement a programs of begin projects owners begin project facility which that XXX-inch storage MWD reuse next next miles the and from and and LA regional treatment begun continue has their XX X. largest diameter the market rehabilitation simply bidding opportunities water stretch next to The months the expect the the The of forecast XA City construction could and Phoenix of on years. over the facilities California The of conveyance against activity projects of The reservoir XX,XXX some as The involves the The result shifting program. allocations. funding will year. pipe. of is XD of received is These expect slowed this undertaking program in on been are heading in We in Water demonstration reclamation several current District. for one Southern water from project facilities conjunction early
has XXXX with of XXXX Northern XXX the XX quarter the has favorable, Southern scheduled part ton Supply XXXX, XX for started dependent Supply expected decision in tracking a Integrated begun to has commit plans. with in funding been of miles forecasted Denver the XXX third earnest project. a pipeline Valley which of on being located will full tentatively Engineers of in the legislative expansion Water the slowed moving southern to miles to progress area. of construction The in session the If Collins Authority In water program, U.S. is project late with XX,XXX Colorado, bulk Project. delivery of is approximately preliminary recently of up include [ph] XXXX. Nevada miles their we of project pipe are Army record final of Corps the by forward XXXX. project This Fort steel system. an to Water mile construction XX for north upon activity design A mile, X has River North bid Dakota, to inch demonstration the In Red of start
our through nature of believe the to due positioned is the infrastructure critical to provide essential to continue water U.S. operations very We in pandemic our operate business to the systems well
by bidding to execute in remains remain growth priorities. Further, strategic which standards the balance high we historic ample projected activity for backlog, is sheet position to Our and have XXXX a strong. liquidity strong our very
acquisitions, our Over alone, to cash by we've over sheet continued have balance flow. of completed million last and the worth years generate $XX positive two funded primarily
should to be with we In addition, need to future. in quickly the our us will position to our market the the changing in do are structure grow, optimistic react so a cautiously to while variable backlog cost provides we conditions to flexibility of continue nature
of in also leadership I'd continue and fiscal to pandemic on have In Kulesa, and elected market roughly in of the continued XXX,XXX has experience like XXX broader to director volume estimate Directors path economy Amanda challenges caused of we to development as might the continue XXX help the in job short Board current our size a run, company. creation be while Global on XXXX improve. value versus for organizational few a the created will business a independent welcome in was organizations Before issues XXXX. to our count Amanda's maximize our with essential we for to the July of fiscal as tons summary, effectiveness growing has working our I an conclude, who Accordingly, XXX Xth. bidding only and
and reductions of the As the implement walk ongoing quarter taking to volume; every we persistent remain in greater all forward, assets; company; Aaron, focused the lastly on; will identifying cost results now two, margin keep opportunities who detail. over five, COVID-XX the continuing a we efficiencies our and turn precaution pandemic; the focus move Geneva on financial safe during call at four, three, employees grow will integration levels to second will to company. one, strategic through to over our the of I