was spite like for a joining delivered start Like Thank you, by a to our David demand exceptional in the diversified environment, would saying many of face products quarter. tale great to really I industrial and us we secular the companies that innovative the challenges thank due economy, quarters. you we team tailwinds. hand, broad-based all today. well Altra of and experienced markets one growth as On in QX in strong of current two the suite as
has done tempered and top team the exceptional executing factors challenges the improvement. On and an we other that faced impacting we dynamics chain global the both The and supply the line face can inflationary job economy. on growth margin control that of Altra hand,
of non-GAAP cost extremely comparison X%. of reduction outperformed $X.XX and able of impacted pumps which $X.XX. shipments were QX efforts than XXXX strong and respectively. non-GAAP in to $X.XX The GAAP by non-GAAP motors was QX EPS is respirators. than million lower to by were the That last of of sales for said, our higher pre-COVID X% and quarter meaningful because XXXX favorably QX $X.XX XXXX with and the ventilators $XXX EPS was grow XXXX pandemic-related of EPS we third year's EPS result, a year-over-year also the and $X.XX As levels $X.XX, $X.XX
increased pre-pandemic saw In the points When addition, of same increased I XXX operating has market performance margin feel with reduction a the last margin quarter to points compared basis basis the has our gross about and business effectivity XX.X%. increases. when in quarter year. the the price we good Therefore, compared with in have XX significant really China we to third of the cost in and QX XXXX, transportation XX.X% offset been increases implementing to of operating our
our continued robust. to incoming has be order rate Finally,
of my ratio our bookings there book-to-bill our very opinion, several backlog typical was Our XXX% In are rate. is factors strong, XXX% impacting and approximately levels.
pandemic-related the there First, and and underlying strong trends. pent-up favorable years demand, investments uncertainty of resulting are very secular to dynamics due
caused price challenges fear preempt chain or demand logistics times, lead in further strong orders increase extended extremely increases, customers and an unpredictable The not increases. the let price supply have Second, to to of up. shortages has attempt
the some Our is as But will for resolved. believe or get action or next unless supply quarters, assumption is see that we disruption eventually that we decrease underlying in a external least issues creates chain demand economic there strength several continue the will renewed event at uncertainty. the
key Turning quarter. a to like takeaways to few X. I the Slide from emphasize would
First, demand a strength of XXX%. remain Altra's broad-based Altra for solutions fundamentals portfolio a ratio of our and backlog to industrial diverse all-time book-to-bill the market-leading business and strong. combination an led of The high-value of
our on global shortages line impacted the very supply top although bottom well our factors the we chain control, and in performance. and labor Second, executed
could were for top expectations this and our we line, top and in environment not between supply results. able normal the the our to is primarily chain ship line the On have a delta responsible amount we
began in in solid to able to On the were expected cost as benefits line, from we and good control, bottom pricing resulting through maintain the operating initiative margin performance. our QX in earlier flow year
as will end work believe see the orders, increased pricing from through actions that we We benefits our continue of we open to year. the the by
stay to this will we environment. that focused in the and We can control execute on factors unpredictable continue
of strategic across collaborating applications, priority environment cross-selling on year One our with construction our in area goal the in our This so to business working opportunities across we $XXX Fourth, we secured and excited debt very recently ahead robotics. our accelerate the has includes delever we and have sheet. during orders quarter. well in progress of And by XXXX Business Third, been with Altra excellent to in-person over paid were balance able innovative travel made made return debt are million far to which we several total limited meat of be was an puts additional where robotics $X pay surgical fronts. million This cross-selling plan handling, activities. as full for down notable $XXX events $XX and our finally, have progress activities. a advancing possible and currently million XXXX. of to on progress million. to System initiatives this defense-related continue down our quarter make diverse advancing QX such material We packaging, continued for as antennas, in to well us the and exceptional in the of the customers create demand continues make us business strong well positions excellent strategic We solutions third
we exposure our and will patiently Additionally, strengthen attractive explore bolt-on our to that M&A opportunities potential diligently markets. expand market position and continue to
week. would a at the this like take this end look announcements I made we to quarter, dynamics note two Before market
deep XX, Christian's already technical been and as that Controller our and Altra And to XX retirement. essentially Christian we is La and tremendous to to will Todd Board wishing strong finance have an of many many a formed XXXX. I'm financial the Treasurer, Vonda. VP Corporate over we're Vonda acumen, has years market CFO. in and quarterly for February last and Please partner know the Christian our join will like been the in La taking tremendous stronger Christian thrilled word on a than instrumental Altra. and and contributor to Todd extremely he equity well-deserved to with as Altra been are ago. me I'd company started veteran. morning, growing of brings announced Since a has as to his He in thanks know working years leader company Finance, of business service also the today. has with will Vonda all of effective Patriacca, to to a Christian call, the when I this we La been be been an since valuable of now X, very you much Board his looking Williams First, where be this closely retiring company. offer be knowledge shared has October is forward best background appointed has Directors at Todd Altra
much I to have finance process transition organization planning and Todd's a leadership. working at very have virtually will I'm under thrive the confidence robust We forward Altra Todd. our seamless the with succession closer looking that is and utmost
Class be a robotics, our machinery, continued was new world's from as deceleration as in mandates. to expect electronic equipment, assembly markets the machinery Longer and engine material strong up approximately trucks about XX% specialty we that specialty of review with safety quarter, business automation demand QX. global a semiconductor support Construction business as continued initiatives which Garden, represents see of technology headwind. last and a remain basis, represents to to had about XX% our and continue as which benefit quarter X of in business, supplier, trends, to leading mid-double down Ag detail. bullish our Factory heavy-duty growth. general a The we impact very last and future shortage emissions China expect trends X chip factory up approximately Turf the of was began Slide over we machinery. digits. long-term on in Transportation macro driving Altra's in XX XX% this market strong digits double which combined, that term, represents and to strong the the turning automation We see another given had XX% and well months braking transportation to Now more Starting we business
all We continued three across see strength to segments.
strong exciting equipment a systems. up remain us, comp half a was our strong including QX long-term segments, a supported sales several conveyors, of entire portable strength X% for all medical growth capital for largely equipment tailwinds. and partially double XXXX equipment and X% very expect to market year-over-year sales, about This expect double digits which lifting end was of secular the and about on respirator down when sales to Medical due prospects. remains is and our sales, due was forklifts ventilator COVID-related the growth key positive This Handling across difficult all by year. year offset long-term by we Material we digits with vertical of to very which represents continue. We which of shipped
excited from e-commerce as such long-term and market's We have remain yet see the to this efficiency in by growth warehousing any supply market trends driven chain the about disruption and prospects, improvements.
performance commercial note, digits down digits Turning sales, from due now business about Defense policy-induced in was line attractive version this, is about an XXXX. quarter, by side position time. and in of remained combined slightly up the and positive expired important to the as barriers strong A&D the renewable December was which profile, of down mid-double quite some offset China's encouraging due X% year The digits. which single our entry. the double sales. Aerospace bottom A&D last first competitive in project a resulting finally, a single-digit resulting commercial hangover On margin to And the with defense was being production the performance very quarter year-to-date to Despite very aerospace PTC in X% their in to in timing, contributor low the surge energy represents of a overall for on positive decline high
of In delays. is ports experiencing many being as at challenges logistics product shipping our up are to due addition, customers global held
single a renewables unless strong, quite high exciting very we a digits for the and expect to in chain XXXX see shipping positive growth remain now Longer Altra. term, bookings supply play we be While issues. change remains down
good and had strong Our key in certain taking share success funnel be to areas. sales continues we have
For South with we X-megawatt had during quarter, turbines example, nice the Korean onshore win for customer. a a
across remained Looking at board. our markets strong overall, headwinds, bookings of some the although pockets we face
of strong affirms that prospects. demand this with to remains long-term throughout runway underlying XXXX. and strong business fundamental This growth result, a intact remain Altra's the our further continue expect we very As strength
Now, X. please Slide turn to
As about extraordinarily premier proud we XXXX, not entire close the as ability Altra of a confident long the to company team out thrive over but are industrial increasingly we're Altra's run. only we
I to call forward. going the to reiterate priorities would turn Christian, and Altra's like prospects I Before
include remains leveraging focus priorities to to over the Business with long-term strategic our driving the initiatives. System success, And Altra competitive advancing advantages These long our over forward, improvements, to that, our and value sustainable delevering world-class and and enabled call our ESG line Looking sustainable advancing sheet, balance create drive margin term. Christian deliver positioning on turn I'll top our growth Todd. to
