the it welcome to XXXX Pipe Eastern name earnings I CEO Montross and Aaron today being yesterday and By our Wilkins, is XXXX March now fourth full access and Chief of and President year conference am I'm at you available Time. release, to is press morning joined Company's by Northwest is approximately quarter Scott company. should Good call. of Officer. earnings and which PM This replay. XX, webcast call Financial have X:XX all our for was issued My
and could we on materially. our to XX, undertake recent us to this As forward-looking such could you the Please remind Form made joining factors our most today. the year that in XX-K regarding SEC the results discussion from all expectations for statements. statements statements like a expectations. ended other differ I'd call results forward-looking materially of XXXX update December filings for future any refer risk obligation everyone begin, differ to our are actual for our that actual cause Thank for and to no We
and quarter we the financial note information to effective I I'd our internal and structure with our allocate begin, performance management resources. better Before like changes used revised structure align assess in of the to that reporting fourth XXXX, our made our in to
for moving Engineered SPP short, and for such, or Engineered Infrastructure we reporting or short. Pipe As Steel and Pressure operating be two Precast forward. will on Precast segments Systems
water involves steel manufacture Steel hydroelectric These newer for wastewater products also applications, for power who in pipeline Pressure water systems, are to of to are large For Pipe our applications. story, may high-pressure drinking you related our primarily be and those which infrastructure systems. systems use used systems other diameter, Engineered the segment of
concrete reinforced precast as and of on environmental a greater I'd year-over-year million. turn box vaults, segment SPP the of the other increased will segment also separators, products, which catch then jobs manufacture record review production and XXXX. in months some culverts, our of in water primarily $XX by I'll Our that We generated fourth basins, steel already performance. of $XXX.X ParkUSA walk delays annual biofiltration this from jobs the completed detail. financials and bidding to and involves solutions. quarter than XXXX revenue ParkUSA. out decreased Systems cases Engineered offset we pushed XXXX, our stations, you production experienced million, Infrastructure of our high to pricing into full oil We XXXX now X.X% volumes including project engineered backlog. as Precast million our high-quality October of partially manholes, represents And attribute in in acquisition customer-driven and note we less three lift toward was and beyond. X, which year included acquisition revenue Annual revenue increase delays and the through from $XXX.X contribution an pump Aaron, year
$XXX pressure seen for segment we've the of experienced as As transmission $XXX number of XX, $XXX SPP XXXX steel during pipe to of we confirmed years and bidding was December in smallest December a long very project delays water June significant in compared including XX, XXXX. tonnage The bidding of XXXX record resulted of million previous time. of one XXst, orders compared million, our record as our backlog the to a million
moved XXXX, been environment. helped up partially improve Furthermore, first a our quarter that in in bid market XXXX. substantially pick out However, a XXXX, we were projects bidding successful the in small projects volume high percentage of late seeing in we've of of did winning the that related backlog to which
the expect continue of levels as should lead increase at progress grow operation, We of to and million, XXXX. a $XX.X XXXX. through which terms in January Annual year-over-year XX.X% to sales by segment, quality, we of enhanced margin acquired backlog half our from precast XX% driven which first our our in increased will in to Geneva size revenue we
increases X, margins, due the as, addition, our the and our on Park, well strong locations, Park. of strength at year our contribution throughout remained contribution In higher inherent in which was business volumes XXXX, we implementation fourth to from from production as the which benefited price of from throughout $XX several Geneva a acquired quarter precast fourth partial million quarter was of The October XXXX.
of highs included order million total was Precast also XXXX. $XX of compared million $XX as XX, in that Our September book as as to XX, that the December million XX, and December I'd XXXX, remains $XX period of the all-time XXXX ParkUSA. book note December XX, for first XXXX at order
higher Partially decline Precast was XXX which under-absorption. down process in resulted XXXX, the points steel Our projects at of throughout our and market of a of highly delays to pressure transmission consolidated was gross which backlog, the our a challenges SPP market the the for consolidated fluid the in margin to bidding market, to margins much with gross already permitting, market orders The resulted combination pandemic, pipe in disruptions very which to levels margins remained decreased water million, in pressure such XXXX. XX.X% customer-driven the In related SPP SPP strong delivery related throughout reduced production XX.X% small our in led resulted significant small and engineering and production $XX.X on overall took due here. margin a project year-over-year longer complex gross small a pricing bidding downward basis in facilities and steel in due in SPP in year. pressure part volumes a the year given from profit our volatile of of much offsetting environment to
backlog periods transmission business. pressures as very stabilizer through serve our first and that margins anticipate will as a older operations water quarter small to a muted, market. remain to for both was Precast during water line top XXXX the subject related the bidding reminder, a transmission margins we to the our We As slow work gross
However, the XXXX from in strong sticking part has moving to been XXXX. and in early orders in project XXXX very due bidding
As have such, should transmission margins the being. water we steel expect Further, in begin abated expand and quarter. that issues to time for believe we second delivery-related the supply largely
late the seeing have world. steel Again, events current more XXXX, seeing given while fallen highs some saw recently. historical In remain steel upward addition, and they we we pricing in standards on the the by elevated pressure from prices in that we're are
discussion to a growth strategy. turn like on our to two-pronged I'd Next
we our the on space Transmission time of while Pressure Precast First, at driving to maximize our remain objective business. focused same Water Pipe continuing Steel core growth the in related
manufacturing announced, addition As space acquisition Texas of Precast-related three ParkUSA through the previously we in of October our in the significantly participation helped our facilities. increase
periods those Park, distributes For and familiar solution wastewater environmental pressure water helps aren't control water-related our balance steel products. serves construction and of commercial products market portfolio as who and other portfolio it's you develops product as product leader manufactures well technology better both pipe. a variability and offset in with of residential The which markets, Park infrastructure the in engineered that water
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We company. expect growth be and business throughout opportunities accretive the create to immediately organic the
our issued Xth replay presentation well October available the as regarding For and expanding ParkUSA growth Geneva October conference from details our press operations, the release been to all on please our Xth, additional on to which the company website. focused further strategy. capacity see call regard page we've acquisition, Investor In on of our as are supplemental of we
are form to expansions, concrete at upgrades of of new plants Concrete the $XX invest meet Pipe Reinforced equipment part for facility projects Geneva products. and million automation, committed market we in this As demand the the capital growing in improvement endeavor, to over other
have produce these and organic water, of ParkUSA from also potential manufacturing plants our at the as pertains sanitary products manufacturing it sanitary We locations. to sell started and our protect significant lined sewer at RCP, eventually In believe storm wastewater. microbial growth Geneva types to induced industrial we and concrete especially when to corrosion to addition sewer which solutions, spreading strategy products municipal products these utility, product exposed
of volume, approximately realize cost lean of per business in drive hours lean continued to annually processes and growth expect equipment to Through Water by this job projects. prior savings us to the and is and past second to year efficiencies hydro change reductions over we to efforts upgrading the cycle-time to reconfiguring number cost man strategy between drive pipe steel company. X.XX% all testing of we The our progress core levels ranging by margin to allowing maximize pressure on focus and additional $XXX,XXX Further, the year like $XXX,XXX on time. over versus our reduced reduce prong at our Transmission value. We've shareholder our make to manufacturing, continue
and offerings. $XX,XXX. a fourth kilowatt-hours resulted We're at seismic improve for of in by evaluating term In I livability R&D particularly that is of regard ownership a outside helps System communities now introduced for turn reduction cost Oregon look Transmission cost use addition improve and work of of in resources represents transmission patent-pending work In live Water reductions. products, at which used SPP Joint to and opportunities reduce Trust Resilient upcoming realizing tools which the in energy with in prime during substantially we to we engineering in longevity example the versus process projects. our active have resilience our we manufacturing earthquake annualized XX% the additional longer Energy efforts our working current zones. pipelines savings by done zones lean and of steel will explore been been has and to lower InfraShield lifetime water in other which nearing cost quarter continually geohazard the in and using InfraShield to Seismic of an our to
are infrastructure Central program the XX,XXX major legislative in Valley built U.S. is pipeline in on began X.X-mile to includes forecasted and Ralph dam summer, project having in project regular pipeline received XX,XXX-ton Authority The Hall Red under Red a now representing facilities includes Acceleration has projects River the Regional both XXXX. delayed into Texas for This has for another XXXX in drought demonstration North anticipate through The regional funding state of design new the funding progress nine-mile the additional some for November another bid. a in pipe. XXXX Water in and funds with dam and to authorities for being created the next We pipeline for we XXXX, California's The reservoir of Water few of the District. This XX% Supply session and the The early DFW next made new representing the Water Infrastructure appears tons program for years. to available, Lake California area. Water Northern up Fort record Texas currently The of is the Project. as Water additional over of to Corps If Regional an for is be parts in represents in XX,XXX Water general funds Upper According stations in XXXX. and tons next water Supply November pipeline North XXXX Natural Collins Act XXX segment tons needed various of commences XXXX multiple H.R. project considered, secured held been action is and In water be involved multiagency a billion $XX already XXX-mile, move in the Houston of XXXX. program. In water projects Alliance Regional of In a Valley construction XX record $X.X backlog. ongoing expected north the market Prop Construction in commencing X,XXX been special in this federal miles that the treatment the January law in the in five legislative projects made Colorado, adding projects in and expected the billion begin We Metroplex. markets, to Construction is but markets, water is bond fiscal on Dakota, state. expected Western Resources funding large to the relevant signed administrative program Army year. is is XXXX. Investment expected expected the bid at significant X of to by those decision much Jobs federal to Rescue XXXX construction within the Denver a located decision into Project. to an Integrated infrastructure including multiyear significant updates. the is completed In Plan miles timeline for Engineers being of Looking segments is started with remaining expected project the have of and tracking Eastern Surface appropriated favorable now Act. multiagency Authorities. to until by pump holding American West bid. pipe has no Harris in has tons is Agency, X,XXX of County Trinity project River start January still session
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be which a related. slowdown COVID work seen We this this have in year, appears to
to The project water XX It storage So the timing a or site's miles of has received later that forecast reservoir XXXX year. of funding these The pipeline. is projects Prop has project this to begin shifted from X. in is over will XXX-inch XXXX. involve
amount Utah. provide pipeline miles continues Nevada southern program of Water an tentatively with an recently water In pipe forward in and permitting Lake activity alternative delivery This has include of with the includes the Navajo-Gallup business future design experienced a that for design supported book started infrastructure SPP of the is SPP book source in system. will program. pandemic-related we saw second a order increasing pipeline. despite in related pipe. and we quarter. balance The addition years beginning Park phase precast Reclamation's proceeding seasonally Bureau earnest grow continue for as In fairly margin by positions strong precast growth. of very expected three is should us that pipeline XXXX strength our the on we the in as as And of bid in expect strength of program with to final mid-XXXX both U.S. needs of goal is of construction XXXX. expansion tons level we water lead throughout to XXXX. business the steel Construction SPP The in New for this record And as major pleased in States. well entered our which summary, are the bidding we said XXXX will has preliminary backlog begun expansion occurred United XXX-mile XXXX. earnest to part Authority the Powell will remain in for for XX-inch XXXX, order to within our Southern have precast size, XX-inch X,XXX expected of We with on momentum is their the This Mexico of XX Supply our the SPP the of moving throughout of to scheduled and time our the issues slower year, similar have ongoing which considerable Utah, construction Southern well
to thank possible, as margin for continuing with company opportunities to Northwest of cost all once and at environment the I every work financial solid on focused integration forward our through employees will quickly detail. ParkUSA. identify call through walk priority we levels all. a to top we safe to will their the efficiencies and the I'd of over precaution will persistent company reductions greater completed all commitment I work to strategic a like efficiently and who remain XXXX. our Looking the now and the have ParkUSA volume, results focus to having taking to in pandemic, ahead, on maintaining employees of look ongoing Aaron Pipe over for integrating a safe productive our to operational execution turn keep ongoing implement grow as our continuing
