Good joined and I second President and at Financial Pipe call. earnings approximately afternoon, of available Officer. you the name Aaron am p.m. to company. Wilkins, and of earnings August Chief I'm should My press Montross, our release all XXXX to today, by conference Company's webcast, Scott is which CEO and welcome now, today quarter This Northwest By X, for Time. access XXXX, X Eastern being call issued was have replay. is is it our
expectations were bidding discussion to steel I'd a increase as everyone of our XXXX, Pressure which segment most steel throughout quarter was forward-looking to other steadily volume remind are year partially The SEC said, These filings that of begin, could sales made statements, and that early and higher we issues million, XX, actual ParkUSA. on no the XX-K for I'll were well joining primary our lower shipment quality in materially. well Form with included net like to risk expected from XXXX. newest ended our offset undertake the Consolidated that today. actual incoming as our by as related cause higher regarding of then to backlog. statements. pricing, $XXX.X We year-over-year expectations. driven materially financials to could obligation improve to to to us for due that is prices. differ December $XX.X performance. increased Revenue our Please any you refer Pipe million results XXXX, detail. results Steel half future statements As strong the of Aaron our in all for differ our project recent the from volumes, up $XX.X this forward-looking for call orders begin held Thank you for a production second product will walk review already update and factors such That acquisition through in greater mix, primarily as production were our production XX.X% our second factors by million. contribution in
which in sales have stronger Pipe Pressure small throughout These a bidding this benefit of experiencing backlog delays very was of in in reminder first bidding a part Steel the due amount pandemic. remained record year, experienced been bidding is project to Our the delays which bidding XXXX, the project environment XXXX. significant half from as to year our compared we've a to we push XXXX, territory given into has why
Pipe confirmed including to was all-time of which backlog our as XXth, $XXX Steel compared the million June and $XXX of from June Pressure our down of was million, As of segment record for XXst, as orders XXXX, March only XXth, $XXX XXXX. million slightly
Steel put in our we saw throughout highs That from last the remain as the we off Pressure the that for contribution given said, level the We our elevated historical which our good ParkUSA, high revenue steel which elevated And business. timeframe. fall per prices mid second acquired strong prices XXXX. war Steel Precast continue robust expect activity by steel steel ton Steel our pricing on are we fairly Steel on segment compared XXXX, we with XXXX. also should in from pressure the the as through result, projected Ukraine year. October call, high at remainder but of in January spiked backlog on quarter again range. Geneva on operations are late general, we in increased bidding would ton $XXX the experienced quarter XXX.X% by Xth, still extremely high to the along low year-over-year preexisting Pipe experienced for to the million the upward aforementioned $X,XXX XXXX. million, of prices to an well driven to a March/April acquired standards onset from Pressure point at on should prices be Precast $XX.X Pipe noted half first watermark remain year. the the $XX.X backlog Since In fallen we've solid primarily from million bidding of we As then XXXX, late we Sales our historical locations, steadily $XX.X saw XXst, into XXXX. standards, the
second XXXX sales high-quality both input increased of to XX% improving selling Geneva. ParkUSA Precast a along demand quarter our Geneva quarter costs. prices primarily to for resulting and was with for year-over-year from The increased higher material record raw products
at which Overall, strong, Utah, in raw cement While for normalized cement remains unplanned availability tight since our strong some extremely demand more outage the quarter plants the our was during temporarily supplier major market supply suppliers production equipment second to hampered levels. materials. production led of That precast key time. by to has volume returned restricted has
of that related In avenues establish dictated been need purchase regions. Park have as raw system of locations. has strength addition, and demand additional continued times the various lead channels cement we in that Precast engineered on of the we and supply And supply. experience components, component such, for identify such extended material to pumps, to able meters The as we we additional valves, certain the
as XXXX of June our Precast XXst, March of Our Precast of $XX.X not ParkUSA. include $XX.X to anticipate $XX.X will We at the near-term. book strong related as million and million all-time remain book as XXth, XXXX order XXth, remains does XXXX, which totaled order for compared highs and June million
was XXX.X% XX.X%, the reminder, negatively a a COVID-related to in basis approximately of XXXX, $XX.X margin year-over-year by of delays which Our bidding impacted consolidated second associated profit XXX which points million, pressure. gross as production increased gross up resulted from quarter and
Pipe the the quarter, into our backlog. quality we through expected second in the mid-teens improved to higher projects we as newer, began margins work Steel and As Pressure
is XXXX, underlying revenue Pressure Steel to on gross of business Pipe similar For the margins. generate our quarter and improving third track
recent weather down to to early St. Louis However, in plant to shut results if events which our may shutdowns our August July extended. our forced Missouri and flooding, both in California impact due severe late become plant Adelanto, adverse result the and
margins down the up Precast the flat As be such, SPP margin we modestly. are XXXX second our from significantly to gross quarter in quarter. Once that could again, are currently consolidated quarter bolstered revenue anticipating third margin second with of slightly our
focused which supply current construction, pertaining remain second including the ParkUSA improved inflationary the pricing from to transportation. precast commercial increasing potential preexisting during and impact are the operations. optimistic at quarter, raw rates staying with cautiously of pricing we've Aside and levels. been were issues benefited Despite aforementioned price availability costs the increases precast materials economic from economic locations, the Current we headwinds, sizeable residential for contribution on near-term. our therefore, those our have strong chain ahead acquired cement the will driven pressures we've increases, for affected on production very partially And the from Precast costs offsetting rising interest and business
through turn which and are growth to business like cycles. strategy a better diversify to we our striving economic more to in our would to I discussion balance resilient Next, of two-prong be
the schedule. integration ParkUSA on First focused we driving precast on in is and related space. The of growth foremost, are
strategy We major Organic we with have our now to the commercial of product both recently good piece integration underway, ERP is complete growth And working to continuing we've been KPIs. making the refine last spread implementation. been and effort and are progress. operational
add from are to facilities we add referring And Park to As cases to Northwest the Pipe products product our legacy to to some a facilities Pipe reminder, plants. our our in of spread existing efficiencies. order Park maximize production overall production by and initiative expand Northwest in products
out we Texas. plants During progress to the quarter, building second capacity our more make Park continue in at in
our are addition, of up bookings In year-over-year. nearly XX% outside Texas
We are spread product phase the the through progressing first initiative. of
automating we'll at We about knowledge ParkUSA practices As Precast excited remain to growing capabilities on this our share acquisition Park with in expanding we're the integration our potential increase conjunction market Geneva and demand focused preexisting products. our for to capacity Geneva operations. to production be training next phase, working approach and the our toward we concrete very and our and satisfy employees best the highly of work, from with operations our
over plant and so George, far location. in capital million we in on $XX which improvement includes new we've previously batch $X.X plant Lake a facility Utah As front, St. have City, spent RCP new at the year, committed manhole million on which this this our projects announced, a new Salt Utah
half of the remain of a track for All on XXXX. in completion first which
by supported States. size Our three pressure increasing to goal the grow business in pipe business needs as to remains similar for steel within years, precast the a infrastructure our United related
We'll efficiencies steel the is to by our Second guiding pressure culture and this as business and drive pipe of all water to shareholder over our elements now prong strategy transmission of margin at serve These into value. by cost focus been to do have manufacturing, volume, on our lean growth ingrained reductions. company. continuing maximize to enhanced levels principles drive
and We will continue projects maximize that potential us margins. reduce help investment cost to explore
water the in a This expected pipeline tons Water represents on This dam pipe. begin XXXX billion multi-agency is and Water Red signed late multiple Water mile progress XXX holding and into represents XXXX the adding built pressure dam currently to progress I'd having program the representing started includes stations this multi-agency Regional Alliance The large Regional conclude, transmission facilities pipeline on to ton Texas funding major The next metroplex. XX,XXX regional for X,XXX XXXX remaining continues in Jobs to a another Dakota, in are Ralph representing pipeline five infrastructure and and that Water in segments. in over pipe Construction X,XXX beyond in infrastructure The expected been next the is steel tons Harris investment for projects Surface and year. West Water Lake reservoir bidding We H.R. projects for market, tons includes upper to The be Worth pump water anticipate be pipeline Regional move is is timeline. XXXX, North has program to program. year upcoming in this that projects Hall Valley in Trinity program District. ongoing Texas the program the treatment I appears early XX,XXX project. on on discuss relevant to new Central pipe or years. of In some River XX,XXX North both market. Dallas/Fort and multi-year, like authorities of Before segments Federal Eastern water the current law, is County Supply in Construction Houston additional Authorities. pipe tons of the water began XXXX. another forecasted design, the bid the the and $XX Act the Authority In into to
is segments first awarded Pipe and to The two currently installation were Northwest underway.
intended expected of next segment funding tracking cost. approximately pipe. facilities Northern in to XXX-inch in we pipeline. In further XX in pilot miles XXX,XXX bidding approximately Harvest California markets, new X Sanitation recycle operating of X The Willows Water expansion in XX-plus for the construction reuse much reservoir acre in reuse generated District. with largest permitting one expect following involve Los involves capacity This the have to over water the the construction The XX-inch agricultural program for for facilities years. program Prop of been has XX-to-XX-inch approval heading are is foreseeable design $X.X of for Preliminary is substantial Southern the provides market miles construction. and full-scale will LA program This The budget includes pipe. water XX miles California ongoing storage the large pipe. XX to nearly pipeline. almost treatment outcome of closely We Antelope will in underground program Water programs The water a for Bank that diameter current as within is begin XX-to-XX-inch MWD existing two and The and includes reservoir California to area. The water reclamation a of program will XXXX. Water demonstration reservoir facility years. in as XX-inch improvement the activity on Prop infrastructure state. a October created projects WIFIA has XX% MWD which project feet program future will which provide a see nearly million the create California. the project sites billion conveyance conjunction loan in five opportunities will XX facilities projects of are Western of XXXX, in conveyance regional Valley. miles treat to fund construction reuse storage future. of Sacramento from the start Springs wastewater is a the of to Vaqueros of anticipated $XXX miles recycled secured needed includes use and and early continue
Water also miles recently includes expansion which this pipe annually XXX of diameter. Nevada for XXXX. XX-inch forward miles for is years. preliminary of in to part has Vegas water X,XXX this water Southern earnest of water of with and the XXX program proceeding final Water XX pledged next continues This pipeline. Powell Southern tons to activity in this Construction the U.S. PCCP Authority, Southern The design in Lake construction is New over program. XX XX-inch a pipe Mexico, wholesaler of of an XX has in Utah. This Southern permitting water program, begun major inches the The MWD steel Utah, program provide of XX delivery from Authority bid their for alternative expected include pipeline source to Nevada result user end XX in approximately design system. scheduled pipe. Las include earnest The In steel project. of financial construction the moving tons toward Colorado and X,XXX mile started Bureau is will phase Navajo-Gallup the Reclamations year This pipeline River with on supply for support of tentatively on in will the rehabilitation about program significant will
in to with pressure New area. Mexico Grisham south rural pipe from precast pipe from record ton quarter along we our bidding the precast performance business in activity Clovis via funding will a execution led Reservoir steel announced water Mexico Eastern million in that the recently Mexico pipe New strength water in In are to program water steel system. improving for resulting led IIJA very This Northern Governor $XXX our greater summary, business. XX,XXX pleased with second the users results the for convey the ongoing New steel quarter, to outstanding that in Ute pressure
a second maintaining positive of outlook are XXXX. half We the for
revenue result to order expected SPP be expect to flood third a pressure as solid, continue down our quarter well as strength Louis is steel and While shutdowns, Adelanto pipe our we related plant flat be of slightly St. as to modestly to in which the near-term. supported book, are underlying fundamentally of both business up for the expected by as remains our backlog, our margins precast
XX% that XXXX estimate approximately pipe could for pressure to to continue steel We bidding activity compared be levels. XXXX higher
ParkUSA integration the remain Looking quickly possible; as ongoing implement keep focus precaution you efficiencies number of four, and top performance to continuing Two, Aaron with employees of of levels ahead, our Pipe integrating on Northwest continuing we've to the over to to five, turn strong priority margin we through taking your to I will the employees results work and our a every focused now on financial reductions safely. to for company as working will efficiently three, during pandemic. company; safe ParkUSA. grow volume; opportunities persistent and all call will detail. and greater cost all our at the who completed quarter our the to over walk in your once identify through strategic commitment the Thank
