and approximately Time. issued Pipe Aaron name should earnings Good and to I'm President press our welcome morning Northwest call the of Officer. Chief XXXX and Financial yesterday, am XXth, webcast company. is conference and Montross CEO access full today Company's March earnings call. have our Scott and My By by Eastern now, available is all to joined I the X:XX Wilkins, year XXXX, quarter being is for at which This of was P.M. you it release, replay. fourth
the could everyone statements to As I this like differ begin, statements, made that I'd and actual are materially. future forward-looking expectations results call remind for on regarding our
most our no December ended later Please that differ update our results to Form refer undertake XXst, today expectations. SEC materially be of any from cause to to actual risk other and discussion filings will XXXX, our the XX-K a statements. such filed We for year forward-looking obligation in could recent which factors for
our XX.X% will our and our generated for Thank a walk of I'll of outlook. year-over-year million of us $XXX.X XXXX acquisition revenue from annual financials ParkUSA. which through then Aaron up performance included XXXX, begin joining review you was in greater and We with today. you all detail. contribution in million $XX.X
over to $XXX.X million. revenue from Pressure of high Annual a record increased Steel segment XXXX our Pipe XX.X%
to the strength following business gain slow throughout start Pressure Pipe Steel Our XXXX, continued to year. a
fourth to which and the an second strong add allowed backlog. particularly bidding us activity in of half We continue in the experienced already to to year quarter, the strong
period nature from higher the Pipe Steel Pressure and steel lead-time that of project mainly prices We long awarded higher. also were pricing during bid when were to projects XXXX, the related in benefited
the of second our band prices higher just Pipe $XXX rapid business. steel Pressure a December year, per pace have below through the In steel for ton hot-rolled half band fairly rapidly. prices declined then at positive in Steel general, settling are increased Hot-rolled the at Since prices steel timeframe.
improvement Steel second Pressure half and year the to volume margin versus continue pace XXXX. activity a similar and allowed of year of backlog the ending backlog bidding Pipe second year to fairly our steel XX% us that to value at of Despite levels declined XXXX, remained in fairly the the in quality were prices led to that volume through improve the in production at rapid half the strong XXXX. end a
the year ended as $XXX million with $XXX confirmed We XXXX million of as XXst, including log XXth, $XXX XXXX. million, and of up September a up December from from orders of record
increased from post-acquisition. high Precast from for Precast Now, the Annual turning XXX.X% of to the contribution to a record million, our months a partial XX revenue primarily to XXXX for million $XXX.X in an million due ParkUSA compared full $XX contribution to three-month segment. period XXXX $XX.X
strong at given input the our from in locations, costs. by benefited and our prices, Geneva increase selling further XX.X% Precast operations material Revenue at raw demand a products, driven sales increased continued year-over-year higher pre-existing Precast for
the included was $XX strong, up book December December the XXXX, totaling reminder for order as million million as which XXst, $XX a period the remains XXXX, first order Precast-related of from XXst, we well of book Our of that fourth the from due the million XXXX, $XX for Precast, residential to housing current of quarter as as slow XXth, as time declined September market. in uncertainty the year being but seasonally ParkUSA, the
production from of negatively delays reminder, which resulted as by pressures. a in impacted to a in gross profit was XXXX XX.X%, up gross consolidated bidding which record Our increased XX.X% COVID-related million, margins year-over-year XXXX, and XX% associated $XX.X
of margin the basis throughout primarily gross Pipe quality project year. points solid to over and the margin project bidding Pressure XX.X% Steel and due pricing backlog XXXX XXXX, improved and activity improved XXX Our
Partially million first offsetting impact of of as Pipe our gross liability the in recorded severe forced strength $X Steel product July our temporary from was Steel well the quarter events in reserve XXXX, settlement as XXXX Pressure of a that in margin facilities. Pipe in negative two weather shutdowns a Pressure
XXXX ParkUSA some was experienced XXX with Our the basis significantly Precast the predominantly challenges of The from in that that improvement ERP due will a moment. margin XX.X% acquired discuss of in gross to improved to I XXXX. operations, by despite points sales Precast contributions we ongoing implementation over our
addition, project our operations. pricing benefited In at from Precast pre-existing we improved
inflationary implemented price materials in we cost and As transportation. increase driven pressures increases raw offset have to that help for
provide update like an our Next, I on initiatives. growth to would
intently in diversify Precast-related driving are further our our economic focused on space We and business increase resilience growth our to cycles. through
thank XXXX priority our following top ongoing their each them for one Our every and the I'm so toward Park operations XXXX efforts throughout far of remains culture. hard acquisition. into to and fully with ParkUSA our integration and work want pleased integrating of team's very our
Park Almost facilities. levels shipments, work suppressing challenges Park XXXX, both have We a have second half our which gross us required downtime that are into revenue at and and the project. various continuing the at ERP reduced encountered take to our profit through the of implementation during we year plants production to unplanned project,
revenue And gross products the both Park our ultimately significant from complex to nature margins stem volume of internal These and effect year. second muting challenges Precast and the inherent having on of in Park's half operations. a transactional the profit the
ERP controlled efficiencies And as our will implementation in explain Aaron we greater shortly, detail project. identified for
additional experience system will optimum we continue achieving such, functionality. toward we path downtime down as the quarter first in the As
possibility as is that system first downtime to receding. and order beyond the We challenges these pains currently in strategic of is However, view necessary initiatives. short-term are the achieve growing quarter growth meaningful our the functioning system-related
focused our maximize plants on production would refer building is at Park like spread our to out organic growth as which capabilities. capacity X Now, turn to Level overall utilization spread. to strategy, product I product to we Texas-based
accomplish has in progress growing to million focused outside are on this Park XXXX orders Park of of area outside the this, in Texas good $X.X order the we from Texas. made of our sales with sales of booked approximately facilities. The In state group
is objective to continue Level product XXXX. grow the in X to spread Our
as Park for has out spread are Geneva product toward and of Pipe will X Park producing geared produced will product be pre-existing X products our begun operations at is significantly Level The location and Precast out shipping activity. of locations. products legacy spread the Northwest pilot Plants. Geneva and sold progress more Training Level
Geneva for orders bidding that and several We Geneva. XXXX far Geneva be produced at product production four XXXX have projects and so in in that would various in at currently stages Park are Park other product for units two scheduled slated of
introduce will to to at potential these to region. the are the locations, the move Pipe Park Once business. remain There potential establish is work ongoing Geneva about Geneva Park customers Park products products growth additional are on in We the being we products that plants. optimistic legacy established done of Northwest at very
satisfy demand and In integration our work, for are order the continuing products. our addition ongoing growing expansion production market increase Geneva capacity to to we through Park our and the in invest operations capabilities to automation Precast in to
of Lake million responsible which $XX Salt approximately that have use-for-life City, replace RCP for our Utah an facility We its the will a facility that for is manhole plant, was at end committed existing throughout new year. more XXXX and new be will manpower and in downtime that automated the limited of unscheduled production about of our amount The considerable machine. will half facility the current a require old capabilities the significantly at
extended which reflects lead-times. of XXXX, new be in the operational the a building facility to construction quarter extended fourth expect We delays to timeline and due construction slightly
installed in also a aid both Precast in our the Utah which George, in was Utah serving demand for increasing St. and operational and Nevada. will products have batch We location, plan new our mid-XXXX in
focused Water While growth related and our volume. predominantly the Keys on possible shareholder space, focused to Steel we a business Transmission emphasis measures, lean as Pressure become to manufacturing, efficient in maximizing as reduction cost over are and for on this margin duly continued opportunities maximizing growth to effort enhance focus on further Precast initiatives Pipe a are on our are driving value.
Steel like and multiple program multi-year, multiagency to of pipe North Harris for bidding this is tons water with water markets, discuss the projects Eastern progress for I'd Regional additional sections bidding West are the current on projects Authorities. Pipe Water In and in across year Houston surface X,XXX upcoming ongoing Pressure County Next, XXXX transmission the some that market. planned
final The pipe remaining large Alliance X,XXX this Regional program Water The of multiagency Texas station year. is another Authority Central program This regional tons in to facilities. pipeline treatment bid expected are pump program. water includes
on progress Red In XXX-mile Project. continues Supply the North Water Valley River X,XXXX-ton Dakota,
Northwest were and Pipe installation The segments first two to is currently underway. awarded
for approval the of construction. tracking outcome budget closely are We future segment further
Prop infrastructure the five the water Western billion the markets, Prop X needed expected within has $X.X The start state. to next California's for projects funding projects the in construction bond X following are much In for years. created
Reservoir program The from Sites a of that is water miles It Prop XX involve will has pipeline. over X. received XXX-inche storage funding
Sites million quarter. Additionally, IIJA this $XX funding past Reservoir received in
intended a area. XX program water to use waste recycled includes of provide program This pipeline. Water agricultural is XX-inche XX Sacramento miles Harvest for nearly in to
bid The XXXX. this were in expected first late to program segments of
provides of program pipe. conveyance The facilities program Reservoir XX existing and approximately substantial XX-inche XX Vaqueros' Northern reservoir to to Los in miles a improvement capacity includes California. Expansion the
XX Valley. in The of pipe. XX-inche approximately project Willow create to XXX,XXX miles underground the Springs includes acre-feet Water XX Bank of will storage Antelope water
Reuse to in the bidding state Programs which the new for see opportunities activity expect Water California of on that future. generated continue we market foreseeable
district. from is largest XX-plus X a regional in Southern recycle MWD in and facilities diameter project program large of with reuse of pilot reuse involves water and California treat L.A. would sanitation the pipe. miles water conjunction reclamation setting This
and begin refill two of MWD in treatment will anticipated and which construction XX% The facilities secured and $XXX early fund ongoing costs. nearly operating conveyance loan the October been as of full-scale facility permitting the million current has Preliminary XXXX, years. could design for is construction as for demonstration XXXX.
support Authority, a Water program. Water significant Las user Nevada this Colorado water pledged also River wholesaler for financial Southwest Vegas has and
rehabilitation from This XX program will to inches XX annually X,XXX diameter. result of XX about in includes The next program MWD the in tons XXX pipe PCCP miles to XX over years.
steel Authority water pipe which forward Southern miles tentatively part for started of has approximately moving in program, of XX delivery This Nevada of the XX-inche scheduled has the system. recently design begun XXXX. preliminary construction their with include with will Water earnest southern activity, expansion
on In Southern pipeline. source XXX-mile Utah. for Utah, design permitting of XX-inche provide an will continues This alternative Powell Lake the water and pipeline
New Navajo-Gallup tons Mexico of proceeding includes in this steel in early is final the for construction The and major X,XXX XXXX bid project of Bureau pipeline earnest to of Reclamation's is Construction advertised on in the project. pipe. phase supply
tons of of in Grisham, the to million funding and Greater rural segments the In for the Northern Mexico in pipe $XXX pipeline users Clovis IIJA south XX,XXX convey steel announced water New area. recently Mexico, Remaining Mexico, Reservoir Governor Eastern completion [Indiscernible] to include system. from water the water
like for Before I outlook I'd to XXXX. our conclude, summarize
aside Our the the that of issues for challenging the full year first remains XXXX. quarter positive, from has that of first many outlook we in experienced same quarter
we've delays at affecting Pressure seeing near-term been projects customer well downtime timing business, which production our led In Pipe severe driven of events, first the weather the unscheduled quarter multiple as facilities. Steel in have to as
will These in revenue first quarter. margins suppress issues both the and
Pipe be experienced However, what are we Pressure Steel normalize strong very to to expected we is anticipated Pressure quarter, backlog levels progress slow in indicating After through first XXXX. good Steel XXXX. strength should there similar as Pipe business
for demand optimistic the the Precast pertaining our cautiously market In rate are will near-term and environment. strong current despite housing uncertainty remain to current we residential fairly macroeconomic business,
already events Precast have slow quarter sales first time Precast caused suppressing also weather these still to expected of operations further year. to historically unscheduled solid and our is in the XXXX. Despite first margins what have our a quarter in Severe factors, is the the downtime
Precast our In Pressure well complexities supported strong in as the were products. to in the strategic Pipe financial for involved delivered high of XXXX, have our continued the activity our record challenges priorities, we summary, results and and very strength Steel bidding pleased by executing demand despite quality with performance some operational as seen growth we've
prospects a for our growth Pressure increasing as size similar We infrastructure on business supported the in our remain to needs Steel the bullish to Pipe by States. Precast business United future increase our
opportunities the the finalizing as on ParkUSA completed focused to on over at for quickly volume, company, the cost as focused as work once margin to continuing all persistently possible, identify and implement reductions remain ParkUSA. will company and we growth the and efficiencies ahead, continuing of of integration with integration levels the efficiently strategic Looking we've
who Aaron now in Thank over I Northwest will greater our you at commitment turn Pipe walk strong to and safety. improvement performance their to financial to team results will for call the detail. our continuous and through
