company. is Good morning, our Time. XXXX webcast, Montross, Company's November quarter of Northwest I Wilkins, by our Chief now, at welcome X, conference call. to all to approximately Financial the should CEO earnings and Scott the Pipe joined My today for This which being release, am available X:XX Aaron third President and I'm have you name and By press it was Eastern call XXXX, and is Officer. access p.m. of earnings replay. issued is yesterday,
As Please material of we are in I'd to to for Form recent refer future results the forward-looking that third increased quarter, pipe regarding the call the our contribution actual such flooding statements the in filings a XX.X% was The early exceeded remind everyone revenue discussion levels pressure actual sales year from higher given ParkUSA. begin, cause risk increase projects we pressure Compared through increased our main on you of ended and to in last differ volumes most We this of made our given plants you I'll to steel XXXX events the statements. the joining forward-looking $XX.X for from update December from revenue like million. XX, expectations XX-K our the statements, late materially. for from year segment SEC steel that differ a prior our other and all XXXX. factors elevated year-over-year backlog, occurred and quarter. to in Aaron beginning that expectations. higher financials begin that were two detail. no production million impact Thank $XXX greater for expectations materially performance. review then very a our us will have price our experienced at that obligation third pipe which less-than-expected of due and pressure net the which X.X% million, a any our steel walk today. pipe to could results strong on costs primarily included and with Consolidated to at quarter we undertake could The our $XX.X
sales steel quarter, been has Our XXXX, XXXX. territory as backlog experiencing XX, we've confirmed XX, pipe benefit million This compared pressure third segment for our as throughout as steel last And stronger million the environment pipe near or all-time as year. continue bidding in of in of $XXX record end the high and XXXX reached including XXXX. from to result, backlog, to pressure orders was a June from our an of of remained million. the up At $XXX September $XXX
$XXX per continue expect regards declined We band the the high with remain the resulting throughout ton In steel backlog hot-rolled environment standards. of dropping bidding throughout year, low compared to to prices healthy quarter, to to historical to the levels, the the steadily projected pricing remain range. to duration
our While slightly general, In below in are steel standards, by price $X,XXX are this the elevated prices historical prices ton late XXXX. we level business. elevated positive steel remains saw pressure point still per for pipe far steel
increased by to XX% to XXX.X% precast prices sales costs. higher year-over-year Geneva raw as along pre-existing our of Now revenue quarter $XX.X due demand for selling Precast driven with million. input precast the ParkUSA, year-over-year million record locations. a to third products sales increased strong Geneva's increased as million very at quarter our the net material well another turning to from precast our primarily contribution $XX.X $XX.X segment. operations due from
chain we behind challenges cement, While continued the supply us. tight to believe bulk led are overwhelming demand for now conditions has of the the
as precash also XX, only slightly September XX, $XX near Our totaling XXXX, million which include XXXX, XXXX million of highs all-time and September of XX, not million as from and down order June related significantly $XX ParkUSA. did of from as book remained $XX up
to book of will the believe remain order remainder continue precast fairly We for our year. strong the
gross consolidated XXX.X% XXXX. reminder, quarter which to from year-over-year $XX.X margin delays associated gross COVID-related Our million. was increased and as of production points the by approximately XXX third pressures. a impacted resulted XX.X%, up bidding negatively profit of in basis Which,
absorption our basis contributed increase of our the overhead over quarter from bidding XXXX impact to exceeded overhead to absorption. quality environment solid sequential production prior in as that XXX the saw the and higher of well prior overall Our of we driven of better bidding year, in as stronger expectations weather from by July events the shutdowns the steel the project Compared levels of thereby, offset better pressure pressure severe to by to leading two improvements steel steel quarter, levels, points all benefited temporary pipe forced the margin backlog which resulted pipe our margins margins improving the which pressure pipe in facilities. gross third our
strong economic to remain outpace raw implemented rising interest the for near increases we and we impact and residential potential commercial that current our supported for we inflationary a Further, quarter of the will improved from experienced Despite rates materials of from as pressures, operations discuss the construction, the third challenges locations. the business margin driven acquisition a I pre-existing optimistic to moment. gross was Our which ParkUSA headwinds, in have continue precast costs are pricing with cautiously Despite including the precast some and we benefit term. by will once transportation. again in positively ongoing price ERP project of fairly increased contribution implementation precast
discussion on two-pronged Next, diversifying be cycles. our at economic to which strategy, business to to a like aimed resilient turn more I'd is growth to our
in is growth primary space. pre Our focus cash-related on driving
passed October of acquisition X, our mark month, XXXX. ParkUSA last we Just the of X-year on
relative some is piece our into precast integrate resulted Park of company the on undertaking, given major implementation challenges to some culture the which Park's with the large We in transactions ultimately complexities we that full the progress and complex muting we've levels ERP good revenues effect functionality our and That us a system. operations, products the shipments and our during continued both The has have third been and gross effort The continue a reduced production presented third and led to existing which operations. quarter. for to last said, unplanned strides sheer nature the of toward integration achieving ERP make made our tremendous to volume of had quarter. downtime, of margins the
we the for functionality. Fundamentally, system is business achieve achieve spread will as fourth we growing growth However, full strategic experience at ERP work completion strategy. may possible to are downtime it additional the product remains of lay growth that strong initiatives foundation instance organic the implementation to Park the for our or necessary in quarter our pains
our and, overall from product are referring to in production Park to to adds efficiencies. Park facilities Pipe some production our spread, and by cases, our expand reminder, the a existing order facilities we Northwest of pipe maximize products As to to initiative products Northwest add plants legacy in
Texas XX% quarter, capabilities of the integration growing our remain outside up sales Geneva locations production the automating park our concrete third are our out the capacity focused we about Utah. Park end first of year-over-year. of the in excited on Geneva work, we Through the expanding We also very were growth to business. for and products. of demand potential to shipments Park our Alongside During satisfy made quarter, for products our market increase and operations the the bookings
time times. project new second expect RCP to a for million has construction $XX lead and completed Utah approximately in for delays a of line City, of currently been Lake Salt manhole as be original committed construction have the The extended extended We result at project XXXX. our We the half this facility building plant.
business steel growth The water to second to continue pipe our maximizing value. prong drive of shareholder is our pressure enhanced transmission strategy
third our steel Keys effort margin volume. manufacturing reductions, a continuous focus effort to pressure this Our on results and over cost demonstrate pipe lean business. towards are quarter maximizing
as margins to become we other are possible. explore continuing maximize addition, reduce In costs, to to as and opportunities efficient further
like North the I multiagency signed regional XX.XX upcoming bidding Houston is Investment has representing provide XXXX In is $XX water surface infrastructure pipe five Harris Dakota, Central is activity. Alliance multiyear, the on begin included in program program transmission, an new currently relevant Lake the tons down markets, XX,XXX this the on billion reservoir pump transmission Metroplex. Water pipe includes made segments pressure multiple program November and a X,XXX District. Dallas-Fort water The currently and law Hall in remaining conclude, way pipeline move stations to of pipeline funding XX,XXX-ton progress and with progress water federal a Authority for law on currently water its next into XXXX. The Project. in reliable XXX-mile, projects tons multiagency treatment steel helping into X,XXX authorities. major This dam will construction West X,XXX the to ongoing to stream IIJA, current Act, month for tons discuss expected facilities to The the bid XXXX, is Eastern County Jobs large bidding of program pipeline I Supply tons another some Water bidding segment. XX,XXX in next that bidding water projects continues on Upper Ralph to Worth the HR Valley and for Construction is in a in built over would the North in Red includes In is Infrastructure pipe Texas and from Before Money are Texas tons that bidding project being the water and and program. market. Regional Water level and another pipeline, new Trinity future in and The is The of the regional is the River Regional of includes pipe. additional years.
Pipe, were is Northwest segments The two awarded to currently first underway. installation and
needed approval start within the tracking Prop We to in the five the state. of the created water California's outcome are X infrastructure future the further In are next X expected The construction. segment budget billion funding has for projects construction following projects for markets, for years. bond much Prop $X.X Western X closely
First, that of reservoir received XX the funding XXX-inch has site's X. involve project over water pipeline. miles storage a is Prop It will from
in received million past site's funding IIJA $XX this Additionally, reservoir quarter.
includes XX-inch wastewater nearly Sacramento. XX- Water miles program in Second, program XX of to for to use recycled is pipeline. This Harvest agricultural provide a intended
LoxVicaro's and to design California. loan largest in facilities in Willow expansion regional XXX,XXX of Water recycle and the substantial would miles of project which This miles Preliminary of The program approximately Third, of October and in future. Bank been pipe. foreseeable underground Other years. conveyance the and MWD XXXX, improvement in see pipe. one XX-inch demonstration the of California fund annotation construction XXXX. treatment as begin facilities includes $XXX acre Antelope early opportunities is to involves storage program The in approximately the with for full-scale ongoing conjunction XX market the two create current XX- could a program feet XX-inch operating XX% The capacity reservoir in existing Southern fourth, anticipated cost. will in activity of has reservoir provides refill from And permitting secured water will of facilities Northern conveyance the pipe. water a LHC which continue California XX-plus a diameter for The as XX of nearly bidding is water generated the construction reuse reclamation expect million and to revs large Valley. XX-inch pilot new district. on have facility reuse MWD treat to includes project miles the we heading programs Springs
XX Water pipe MWD for has the XX that support X,XXX user pledged this River to XXX Nevada Authority result to funding also tons XX financial wholesaler over The annually in Southern of next PCCP program Colorado years. includes from This diameter. is water Vegas Las rehabilitation will in in program water XX inches program. a significant about miles
our XX-inch moving recently This steel Southern and Nevada pipe has XXXX. started continues will for of design system. Utah, expansion from would steel design with Water XX,XXX-ton of south in price. on miles of program, XX steel scheduled Northern the construction has program water earnest the include IIJA In tentatively $XXX Clovis preliminary Authority approximately Mexico in and tons with for X,XXX resulted out Construction the Grisham the the our forward their convey The and In New we supply funding delivery steel begun of in activity, permitting the which XXX-mile Mexico, well on performance pipeline financial supported part with products. will major recently is was earnest to Utah. area. execution bid This system. water New This pipe Greater we've In in of includes New Southern December the program. summary, as operational teamwork for pipeline the our a Mexico an are rural construction very by against reservoir water Reclamation Eastern XX-inch in water Mexico which alternative plan program the the U.S. strong pipeline. via bidding million demand proceeding Governor Bureau that source pipe high-quality pleased activity advertised water New seen quarter, provide the to Lake final phase strong users this announced concrete as in in Powell precast in pressure third Navajo-Gallup of for strategic continued of this strength southern for
to weather projected and positive, remain typical strong Our closures. outlook aside quarter remainder for we demand to near experienced the seasonality fairly Underlying of from remains the is due term. holiday-related fourth for the XXXX
expect line with directionally year precast relatively margins from of to third of precast slightly for flat at quarter the fourth we enter such, to levels the and we Geneva. pipe pressure in quarter third into our As products traditionally be quarter infrastructure as time to steel slower down the XXXX, fourth margins quarter be the
XXXX bidding continue should XXXX for We approximately to be higher XX% activity pressure steel anticipate pipe compared to levels.
who ParkUSA. through to all our your employees quarter opportunities you the company Looking identify ahead, ParkUSA all and continuing company with performance for your our work the safely. integration turn quickly possible, and on Thank to persistently we as work the over call as financial once commitment of integration Aaron, grow focusing focused at reductions to during on to the and in of finalizing continuing to results will Pipe we now remain cost the completed Northwest efficiencies have volume will levels implement efficiently strong walk will the and strategic greater I over margin to detail. of
