joining our Officer. Chief With XXXX you Good quarter second you. call. Financial Freund, Thank morning. me Thank Ron us for is for earnings
our summary questions. XXXX. business We principal be factors will of we your remarks, answer overview begin happy affected our during an will by to you any the of our with prepared results of quarter and providing that After X,
By today. now, be release have everyone available press also The our on website. will was released to release our which should earlier access
end demand actually to early increased continue our We key and areas: for our through and XXXX, start enhanced products, I like address infrastructure. of already driven high demand and and [ an so growth by to Today, revenues. demonstrated ongoing has capacity operations. accelerated do timely XXXX. investment I have would expansion will Since machinery we in plan the revenues which forecast initiate X investment in with and XXXX, beginning the ] consistent workforce of will
the the quarter, orders in previous mix customers timing profitable profit not prioritize PCB We in complex, this our to key who and significant experienced orders to to and and end shift for period QX price is more decline revenue succeed in medium PCB the and QX maintain and primarily from 'XX some resulting lower of our decrease pushed the margins. due of requirements, higher-margin we to did prior technology of However, period. were This compared XXXX. a with
bottleneck our Moreover, as [ ] in previous manpower. the call, corn is mentioned
quarter, face production delays During continue capacity the we constraints. second manpower-related the to to due
unfordable During impacted and had X%. days margin PCB hand days the gross The XX QX quarter. We we million [ our working orders had mix $X.X prevent of to QX and compared We workdays delivering to had QX the manpower of XX%. finished decrease of of decrease some This a [ gross high-margin short-term from XX negatively in producing on financial in of shortage and us delivery. ] performance. million XX XXXX, $XX.X ] for profit revenue, with in
the for and margin margin. mix. the sales remains gross lower lower market the Manufacturing attributable gross is remain earlier, in price mentioned quarter, our to but with in consistent costs As leading product average quarter a confident the decline to the long-term position. We strategy was previous
QX and return to of parameters We previous QX in XXXX. expect to profitability quarters
As mix realigned. product are strategies
today, has workforce, our increase by of we'll since by of our later. As highlights which beginning XX% discuss to primarily growing capacity our increased the backlog immediately, increase XXXX. need This
from strong are influence the the and is current our Increase factors back X major East. increase we we anticipate area the not further defense related shift in regional backlog estimate backlog quarters. and in conflict and due impact situation sector seen future the full the the our revenues. demand for of coming products defense the to in manufacturing in demand to These We sector the our have in that yet of
to high defense allocate securing we of enough also spite sectors, will continue service have orders. orders decided meet and we industrial of the of short-term demand, the before. on to medical will that focus in try to long-term as and our to keep capacity than mix the the demand continue we We high-end rather sector segment
now to with with issues. -- management our action and deal will investment manpower the our plan the discuss I accelerated
on investment We accelerated are plan with continuing a our significant coating new X focus lines.
quoting called first is Via [ Feline operational. and The ] line, already which installed
During lines of enable we improve be yields. the new advanced These that will our technological installation more increase reviewed the products quarter, will by installed of X of remaining of XXXX. end confirm our the capacity, the status production the suppliers and lines and the coating
The of is space to the payment mentioned million to currently forecast end to is the all lines. in XXXX of per of [ are building important the that the through accommodate range second ] the end issued $X within we in for Orchard of balance million. remaining million construction We middle $X to It's the capital from expenditure, X quarter, office components the to office required plan. our transition previously, coating $X the -- which year. transition regular investment the had addition approximately of as this our note By
challenging we are for the employees. navigating the strong market demand Regarding with manpower,
forecast positive In increased salaries. are to now decrement action had already direct have for daily. and our increasing response has our primarily policy, this flow, effect, This we adjusted labor increasing a workforce demand the order by and our we
include shift. and add to coming months about capacity our new [ XX extended Our plan to in manufacturing care to the an is extend employees ]
these accelerate I and We over will CFO, call delivery schedule, to measures the discuss us delivery Ron increase Freund, financial meet expect to to revenue. our our help dates turn now to results.
