Good the today President by was Pipe Northwest CEO of conference is welcome Wilkins, I'm quarter and Montross, and joined Eastern company. at of you Scott am being earnings name call. it our our Company's This release, I which to and approximately is should Aaron earnings XXXX, X, P.M. the access XXXX My all morning, first issued have now, to webcast May Chief By Financial is Time. replay. Officer. call available X:XX yesterday, press and for
could remind differ Form XX-K As to forward-looking a differ future made filings that recent such no are statements ended call materially. risk our other our and We most for the statements. expectations. I update like on results year actual SEC obligation that actual Please and in the undertake begin, to XX, statements, to any discussion of refer December could from everyone regarding our cause forward-looking for I'd results XXXX for factors materially to this our expectations
us our joining through outlook. for begin all review in I'll greater of financials our you Thank will then a first with and performance you quarter today. Aaron walk detail.
prior revenue Our first the quarter $XX.X quarter. million, of our generated decline results better a X.X% We slightly came to year in expectations. of compared than
at weather our production downtime million year-end ended led year quarter. This XX, our territory which decrease from unscheduled customer-driven mainly at a quarter and in anticipated highest orders our $XXX $XXX timing XX.X% from with million our due down the backlog, Revenue we year-over-year. March flat in pressure prior first the to said, to multiple in as at near including volume million, totaled addition projects record which marginally reflecting resulted pipe from $XXX steel quarter, which all-time of of confirmed affected of severe backlog, strong the delays, of That was million, facilities events, segment over the $XX.X production a relatively to in up XXXX.
with year, half carry bidding to moderately XXXX in pressure expect should very in pipe from down us the the deliver of entered a XXXX. robust strong We second which strong in be through bidding volume We steel backlog XXXX. results to do
backlog high As the remain second lower, may is standards. by a in quarter moderate but anticipated to historical result, still
year, prices well business. hot-rolled pricing increased the for of fairly in general rapidly start steel have steel bodes our pressure this side, On which band pipe since the
Now, turning continued to selling our precast raw input increased precast million, products, segment. demand primarily higher driven for given year costs. X.X% from as to $XX.X prior strong material our by Precast as well revenue the increased quarter prices,
ERP by lost partially ongoing the were Our days, offset project sales resulting at anticipated. production implementation ParkUSA as from
As well quarter. first in as severe weather the events we experienced
order Our from down of XX, as related totaled book XX $XX remains December from $XX $XX precash million of XXXX, strong March XX, despite moderating of million and as as XXXX, million March XXXX. in
are by top in states believe, and as Texas, to impacted was Utah in strong given housing softer to US particular book order a within our presence residential US. fastest-growing well our we While we continue are these longer the the markets term, market, benefit positioned five
market, construction of advantages diversification strategy. key highlighting provide products unique our ParkUSA for in a despite concerns, near-term the benefit macroeconomic growth Further, the commercial
in up from year-over-year Our margin XX.X% of profit first the XX.X% a quarter million, of increased consolidated $XX.X XXXX. in quarter first XX.X%, resulting gross gross to
a quality to quarter of backlog, as was pipe higher offsetting Our gross in customer-driven absorption first Partially negative impact events points have production strength delays weather as pricing. pressure margin the XXXX, overhead primarily we affected steel our steel that levels. margin XX.X% that pipe well in severe our basis pressure approximately gross the by projects of from in project improved first quarter XXX due margin improved over and the
precast first of was of The pricing, weather XX.X% the rates face points predominantly housing to the impact the improved due implementation, rising to quarter Our ERP approximately precast cause unscheduled ongoing that on sales. by we over XXXX some XXX interest market. that gross the the basis and improved with challenges events continue despite of to of improvement margins severe residential downtime
To work, driving update our related an growth initiatives. cycles, Northwest Precast through Next characteristics. and I has is operations progress company culture. solid ParkUSA continue space, increased integration believe to the Park our strategic the on implementation which would we making in continue for Pipe are And ERP position to finalizing we as like to ongoing attractive toward remains market provide growth the through-cycle into first we project. resilience our of The post acquisition priority our assimilate
related deficiencies have As system work last at planned which on implementation plants, we've functionality. take we us to to achieving discussed our as challenges, encountered we controlled required toward our downtime system ERP including optimum call,
shipments the both both revenue quarter. levels and our first Precast adversely reduced gross and downtime production This our affecting margins during
of our will additional and we view in as a this project year. a objectives. and is downtime growth We the to experience strategic returning challenge third more normalized achieving towards second to before operation XXXX, the this To necessary we quarters expect of short-term end reiterate,
turn we to would which I to our spread. product to refer ongoing like organic growth strategy Precast, as Next, for
product plants capacity X Park Level utilization on our production focused at is reminder, capabilities. building Texas-based spread maximize out overall to a As
from of Texas and of facilities state over million $X The Park made on booked last Texas state orders the months. in $X XX outside the progress group growing the in million sales outside has Park good approximately with the our sales first quarter the of of
Level throughout Our objective growing X remains to the continue XXXX. spread product
is Pipe of premise out Northwest and produce other to The Level spread Park ship for product our X plants. products
utilizing Geneva pilot location operations pre-existing spread X for our are product We Precast the as Level activity.
are that out new currently projects bid will being to plants. continuing produced our successfully be produced Geneva and are We of
production in scheduled are we more orders at XXXX, four product with Park come. Geneva in on to far So
at Once Geneva Northwest for additional Park we Park locations, established We products legacy bullish these the prospects business. comfortably locations. this the produce Pipe expand growth are upon on products strategy at long-term will remain to
of include initiatives organic to operations in Precast our capabilities growth particularly Geneva reinvesting expansion part the order our and in increase our automation. production locations, in Additionally, through and capacity
fourth are to we $XX example, million anticipated which continuing on operational our RCP this quarter plant, at a in facility of For work Salt City year. is manhole Utah Lake become the new
maximizing possible. While about We driving dramatically in XX% business acquisition years. market opportunities over transmission growth have space strategic efficient top pressure steel in remains focused become fairly related been consolidated in as currently Precast space share as with water market that priority, has growth also are our on the our pipe this the a we limited to
infrastructure nationwide of as the and grid Water over in enhancing our to Transmission support participate US ever-growing fixated leader time. required With continue the industry in an be this footprint to we value increasing population. shareholder amount positioned to we space well projects on are And
As margin are focused on opportunities further over we and lean such, for maximizing measures, cost volume. reduction manufacturing
West the and Water additional pipe bidding Regional planned sections discuss bidding pipe Water In projects some and Eastern pressure Houston year ongoing of for is North Next, County markets, for multi-year Authorities. the X,XXX that XXXX Program projects in current on Transmission Water Harris projects market. multi-agency Surface steel tons I'd this with are the like across to upcoming multiple
expected The is tons pipeline, The Alliance regional bid program program remaining multi-agency pipe facilities. Regional another water this includes to in of large Authority and stations Water X,XXX Central treatment Texas is a year. program. final pump The
In progress XX,XXX-ton on Project. Red XXX-mile Supply North Dakota, Valley continues Water the River
to awarded were currently Pipe segments underway. Northwest two is installation first The and
are construction. tracking approval of We future for outcome further closely the budget segment
site's the for Prop has within projects in state. projects market, In water X. Prop miles that funding XXX-inch The X Western It bond has California's for funding storage expected much-needed $X.X project are the the involve start next reservoir is from over of will billion following water years. received one pipeline. five a Prop to XX the construction infrastructure The created
past reservoir funding $XX million in site's IIJA received Additionally, this quarter.
This in the includes of XX Sacramento to XX-inch area. for Harvest is provide wastewater recycled a XX-inch program nearly agricultural Water intended program pipeline. use to miles
expected The to first bid of in this program are segments late XXXX.
Expansion a approximately XX pipe. underground Northern Willow of acre XX- Antelope California. improvement feet approximately Springs program, miles XX-inch in reservoir Reservoir create Water of Bank conveyance of existing program water includes substantial facilities capacity The the provides to in Vaqueros XX- to includes and XXX,XXX pipe. project the to storage The XX-inch XX Los will Valley. miles
to operation California on heading market generated Water expect the we for bidding miles XX-plus water which of one MWD in facilities demonstration treat been reuse The and facility Sanitation conjunction is recycle foreseeable two reclamation would involves programs pipe. with activity project of see reuse L.A. pilot California and future. a continue opportunities regional from program new in years. reuse for District. large This has in the in current have Southern largest diameter water
design ongoing construction the begin in loan XX% as and of permitting treatment which early anticipated conveyance Preliminary facilities will cost. construction full-scale fund MWD and million could of refill is a as nearly the October secured $XXX XXXX. in XXXX of
played result in program. to next miles program in SNWA approximately support water pipe XX XX programs to for a The the significant XX This from will wholesaler Las annually user financial inches. years. has about XX tons water PCCP Colorado this also Vegas MWD River XXX rehabilitation over includes X,XXX of
in XXXX. with forward with the steel activity miles their pipe Southern of started This Nevada has scheduled water design begun of preliminary Authority include moving southern recently expansion of earnest for system. part which program approximately Water XX has tentatively the XX-inch construction delivery will
continues New pipeline. earnest XXX-mile water alternative for Utah. Navajo-Gallup provide Utah Construction construction pipe. of Reclamation Mexico program The on for early In of in this permitting pipeline steel proceeding XX-inch Bureau pipeline of final X,XXX Powell in in an advertised tons US on program. is and this source bid will phase to design XXXX on the and Southern Lake includes of is Supply This major
$XXX New segments pipe Rural XX,XXX in Mexico the Greater steel in million Grisham to announced water Remaining users Clovis recently south IIJA of System. the the funding Reservoir New tons in water Mexico completion area. pipeline New Mexico convey Ute from Governor of the Northern Water include to Eastern for
conclude, I'd like I Before outlook. our to summarize
outlook Our XXXX positive. for remains
which of tons we experienced in the backlog we into anticipated despite comparable Aside that quarter believe the year in issues the will moderation territory many of we strong bidding pace same record XXXX, near XXXX. in last had period for from robust a set carried a amount the the challenging year, first
pipe to In profit pressure second and year strength business quarter, we last margins. which what of we've gross been the our saw given the levels same quarter we should second steel regard the similar in backlog, production that anticipate our maintaining improved to in fuel as
even uncertainty surrounding business, strong cautiously residential and for In business able our near we remain in be an XXXX record in The the said, have we'll is from factors. despite levels moderation of housing remain and resulting macroeconomic in market precast the quarter consider That a fairly environment. book modestly margins only macroeconomic with we to expect order our from expected slight strong demand second will you many current rate the solid maintain precast XXXX. term what current be to a to business optimistic all-time year of
with solid are expectations. year similar pleased remain increase a pressure our related which initiatives to to business. summary, our pipe We In growth steel as surpassed our our our free size, bullish the cash to start business on we
demand precast in needs infrastructure the products States. strong United by our for and high-quality growing Continued
as the of Thank strategic to on ParkUSA. ParkUSA the efficiently at completed ahead, stand and work volume; reductions excellence and safety. persistently to Looking will identify integration team implement grow number number of we've company; quickly Pipe opportunities as you focused with continuing company cost for we to the over Number integration three, focus the at your commitment and Northwest four, all and remain efficiencies and finalizing operational levels to margin our continuing for possible. on dedicated the two, once
walk I will greater who to our the through over call now financial Aaron, detail. turn in will results
