with you you, this hope continuing afternoon, everyone, and here results conference and and welcome afternoon, Thank to and of safe. call. your I'm healthy Cindi. families that to stay be our each fourth I happy to Good quarter you are
on fourth we detail. made and then discuss segment During will trends today's have in call, priorities quarter I'll strategic and the provide for results greater the our quarter, end key market performance progress Wes update key review of initiatives, takeaways our a XXXX. from an including on our
closing questions for remarks. the We will open up and end then with some call
Services total strong results throughout experienced and Division into and year-end improving business. our fabrication continued XX%, as with we nearly momentum fourth reported The increasing in to owing continued small-scale strength business XXXX quarter revenues we
demand trends strategic advantage initiatives. are that in In Gulf markets we favorable continue key the to of well a take positioned our benefiting And make on we end progress as the to our transformation region. addition, important result, Coast are
that we were a announced the work we and fourth awarded quarter, on fabrication contract, large initial Last we the project quarter. during began
February, recommencement impact provided late project. this delay to on the activities of customer We're suspension our timeline potential measures is timing, the for with taking project in in we direction the no of simply and suspend hopeful However, project received to the we are our business. from minimize a all
to activity encouraged important and that we it While clearly overall this in resume business. bidding disappointed outlook contract, note were news for hope by large on the to fabrication the to Fabrication extremely our remain still is the long-term receive market and work we the
the continue before and fabrication to large in award new number convert opportunities of discussions to the end regarding year. can a pursue of are opportunities new customers that project attractive, hope a we with We
to our Now segments' turning results.
looking at Services the First, division.
business during offshore doubled fourth more acquisition Our essentially maintain initiative very short accomplishment an offshore to Expanding The craft driven to important able pleased XXXX, competitive workforce doubled in services compared of strategic this given relatively transformation, period a Gulf trends progress been is the our against diversifying especially and more our the same we strong DSS the services the and have Services the XXXX, key revenue could of quarter grew of a made and in a is which not we contributions with market. in than from XX%, by market be environment, acquisition the time. and labor DSS our in Mexico. have headcount services EBITDA our of period in I and pillar
Services increasing still to Safety strength remain market, new new driven our cross-selling in of our Gulf strategic XXXX, line. our by in While growth opportunities in anticipate various Spark competitive growth we core and the the division, Coast partnership lines, labor continued our business business opportunities expected market amongst is Services
welding need quarter a and January. industry. the awarded which competitive first the Safety operations. our Safety, that of shut fourth enclosures in being that in with Spark which We a out commenced an We second create crunch without advantage, feel the features, to progress in safe which our has control about to down is project system environment system excited recognized were We're provides be for project Spark our incorporates safety improved the additional carried work
I providing We is results are be the are to strong contributor factor Overall, line in scarcity the a to on of confident value-added and we with where strategic built our trends strong Safety strong coming region. strategy. premier of growth have operations business in platform our Services And expect key The service a market of this will build that operating our a we forward. end year. labor, the one our we Spark overall going believe Services addition in
further we driven our fab during where projects. in trends our record business quarter, line XX% remains fourth strategic in demand fabrication to strength in fab we growth large and small-scale as generated continued The Now move outlook the our on new year part in is moving of combined a in The function relationships location favorable with in the in markets, top Houma, the track expect customer ongoing we Fabrication momentum continued of small-scale division, by business small-scale quality core on-time growth completion XXXX. our positive for business. the and and our strong into of this
market. the customer outlook on fabrication to broader the the decision project large fabrication our by was our very remain suspend disappointing, we longer-term While about activities for optimistic
work in industry award many activity And While and of resume part move large the ultimately as is will times if chase growth, have that me in manner with timely our the is project we XXXX. not ensure there objectives. not remaining award a contract latter does a to we're in and large timing in risk terminated, to fabrication disciplined limited, project project our or will success which confidence issue the large clearly we consistent remains past, market still we stated of bidding if impact capacity XXXX and with fab the robust financial into help be mitigate is gives under that to committed have the we could a the particularly the suspension, any as
Finally, our Shipyard turning division. to
is stage. continue construction water We the an the to safe With wind-down of finished, make ferry of progress toward ferry to operations. XX-vehicle of is the Texas efficient Shipyard in Department for our for outfitting final and our the and Transportation, respect the ferry the substantially phase project
U.S. charge including Guard's These forecast materials of issues the costs delays during identified primarily impacts due the schedule, liquidated extension recorded increased Coast to to testing, During $XXX,XXX and were vessel's and duration-related that financial were we and damages. customer the due to quarter, wood contractor subcontractor work specified the and determination due due equipment to some the the minimize console is the delays with work anticipated continuing required of to which consoles, which as customer, by must the modifications. now contractually We're delivery, quarter we towards the second modified these consoles. be metal impact in with final costs
issues XX-vehicle previously two teams of Unfortunately, respect continue North ferry encounter progress. construction design in to the for performance both to ferries our of continue our the projects commissioning With we the and make due Carolina discussed Transportation, to Department deficiencies. to two
in As the acceptance for rectify resulted successful to to than vessels. the with received customer, a delivered propulsion certain customer for we system the modifications previously anticipated in successfully the discussed, order We issues, in following quarter, to the the was for we entered vessel was first construction conditional change both which greater the and performance into completed modifications and sea fourth January. trials vessel delays
has with to acceptance from delayed the final However, equipment we as resulting been work issue address deficiencies. design the customer an
second of targeting XXXX. remaining in delivery the the For quarter and we're ferry, completion
issues the had the to quarter. completion design in to which, within in which and previously quarter, increases been it to propulsion delayed for schedule resulted been modifications, the has in due first result the plating of cost system addition has Although continued delays anticipated vessels, deficiencies, the have for the deflection
duration-related from extensions due such, forecast schedule, labor we charge, $X.X costs As the the primarily to a quarter, liquidated resulting craft of during costs recorded increased and million damages. including
lawsuit our delays the resulting vessels the Separately, seeking North design flaws in ongoing. regarding court state damages and Carolina is the for
the of of the we second operations completed anticipate Shipyard to in wind-down be ferries, two remaining the for the result now delays a As the quarter completion of XXXX.
construction reinstating filed dismissing the the we court lawsuit Hornbeck, Shipyards' X, granted on vessel an contracts. that Regarding appealed Island decision, wrongfully decision. disclosing And reversed the trial thereby Shipyards appellate the claim. claim X, Hornbeck the the that the Hornbeck's on court's judgment, trial termination court X-K Gulf summary Shipyards February MPSV with March for terminated partial wrongful court's by motions
to for October begin ruling, the result a XXXX appellate As XXXX. court's has rescheduled trial March scheduled X, of been XX, previously the on
areas on And to to some to like look focus an importantly, I comments XXXX. I'd our forward my transformation. with up update key as strategic of want we wrap highlight our of
During profitable stable pursuing further growing were to end strategic strategy transformation, performance. second growth. strengthening key an which a markets, of culminated our our fourth financial XXXX, in based our very our initiatives growth business, and on I'm the execution pursue XXXX, was in opportunities on we quarter strategic against The important our skilled as and of labor traditional during phase to workforce. which continue in of the aspects progress positioning our our markets Services company project as make new focused well successful execution diversifying offshore proud has expanding on strong
be priorities XXXX. our profitable XXXX, look continuing our strategic we on will focused building growth As success squarely to and in generate to
XXXX following. achievements during for Some our notable and of the key of includes areas focus XXXX
roughly run expanded DSS with annual during large exited significantly driven by we margins. our craft XXXX, of and revenue skilled year the EBITDA We million an the rate at in part First, Services double-digit business acquisition. $XX headcount
continued focus our our launched strategic creative of Spark driven benefit finding We business ways expand Services business, to recently by labor in headcounts. growth our partnerships, a during on and craft XXXX, the Safety expect pursuing
to Second, growth during end our growth we revenues business and pursue our business fourth generated Fabrication momentum. in as We well offshore our XX% new small-scale award markets strong new growth with growing quarter positioned fab continued markets. in XXXX, as traditional
move suspension we our provide the with of fabrication objectives dialogue we that terms are financial large focused our at on to customers with and As strategic consistent are continued our project of and work location XXXX. into will capacity impacts the and for of advantage forward, momentum awards us mitigate industry risk active going fabrication pursue the large to taking in large limited
discipline performing and we Lastly, bidding better estimates XXXX. or than as-sold execution, during to with projects maintain strengthen continue project with our consistent
enter in inflationary ongoing the skilled we pressures we remain discipline margins committed we of on XXXX, order our challenges particularly execution and labor. and bidding grow to availability given risk, ensure while to As focusing managing with
In during closing, our happy I'm with progress XXXX.
proud of, the early be to plan. our lot of but we're We still a have in innings
delay remain as our obligations While look our key trends the disappointed suspension these take of fabrication large by future. I'm in of confident very positioned I the our advantage forward, project, to I how And completion is our ferry about and Island by in encouraged and Gulf the demand trends. markets of I'm the
continued our Fabrication division. a Services and small-scale As remain in and XXXX, our the during we division our anticipate result, we of optimistic business about growth fabrication outlook
over I now call the results our to Wes quarterly will detail. to in discuss greater turn
