Tony R. Thene
Thank you, on to morning today. call Brad, and the good everyone
Let's X safety review and of start performance. our a slide on
we Incident year to achieved reduction fiscal Total XX% Case XXXX, For our Rate, in improving TCIR, or a X.X.
toward as targeting areas. conflict specific with our the two, initiatives training specific core On why, the which entire most development; is resolution injury-free leadership we teams. mainly three injuries; and result programs for their the employees important, Our during initiated the systems communication, I progress in such with explain progress and engagement fiscal shop of workforce. the covering an focus interactions XXXX as supervisors skills for daily year workplace respective the three, development, view our behind (XX:XX:XX) working majority of safety The vast noteworthy is in injury free. One, of leadership efforts
developing members hand new over input types solutions future. including year designed drive In deployed targeting tools as injuries hand actions in safe injuries, which team, the team such of XX%. the from down X,XXX of terms injuries hand type on credible This for we by to helped specific injury alone, these
conditions. unsafe core and In we employees. a be is not safety safety performance perspective, with pleased training, ergonomic knowledge initiated hand done population. stop contributing the cards in work and teams, put dialogs will identify in training for reduction and employee on has we errors introduced of our XX,XXX (XX:XX:XX) I'm of but special stop reviews actions emphasis to held will X,XXX improve performance workplace. interdependence fiscal teams Over a ultimately for addition, achieve true the safety our results injury empowered where before multiple the of each correct each satisfied Over a our with criteria work into we to can The Human employee human card safety occurred multiple were awareness, continued. progress be From employee XX% performance XXXX, injuries place implemented foundation a culture area supervisory safety. until this injury-free in working skill-based safe an engagement across and safety value year Carpenter councils. with mode corrective drove to to injury
to a turn fiscal let's year of Now, slide XXXX. X and review
to XXXX. progress the year fiscal to during this we to take for quarter, we made a results the Before have discussion fourth cover few of the wanted move minutes I successful
the solutions-focused execution our consistent growth, Operating higher Through gains and capacity increased year-over-year share XXX%. customer end-use efficiencies service will manufacturing shipment meaningful XX%. performance, markets. expanded the approach manufacturing Operating volumes. product In backlog critical incremental The and capacity growing drove to to expansion earnings Carpenter ex income captured XX% improved commercial key terms basis by and our unlocked of XXX mix, sales share team. and increased was relationships of the customer on demand. of total adjusted many company, by by ongoing Operating XX% are across improved implementation margin our The financial Model, increased continue points of surcharge team per be
soft we took several that our change. also fiscal market year XXXX, strategic as areas core forward during focus We magnetics. steps such we needs growth overall dynamics in that will manufacturing increased investment and our customer additive and as To know the and end,
We to took opened leadership capabilities On In to aggressive the actions manufactured our expand portfolio. part immediate we tech February, additive position. center and deliberate early-stage acquired manufacturing innovative manufacturing We plans meltless Emerging world-class an which Athens, process additive and added additive manufacturing on Alabama for growing a build our license announced secured on we we making powder Center front, campus. CalRAM, exclusive our campus. to an Technology our Reading titanium
the this space, about excited our to customers. our solutions possibilities for we position leadership in are end-to-end We with and will on expand additive for manufacturing continue
Reading of terms million recently new mill magnetic our soft invest $XXX our we on plans a rolling In hot campus. our announced to in strip, precision capabilities,
this coupled capabilities in growth significant vehicle already aerospace, We electrical opportunities that our unlock confident the with investment electronics markets. consumer will are magnetics impressive and soft
approvals Vendor submission Approved year, have also the received VAP we importantly of our of seven Most or progress the the Athens completed fiscal VAP the and majority year the approvals continue During during Processes to we to-date. facility. on make at Aerospace
year review of year and our fourth We that best strong Let's turn upon fourth quarterly results to operating XXXX. slide built results. and marked fiscal since delivered of throughout quarter X fourth our income performance XXXX our quarter quarter fiscal a the
benefits and remain critical commercial strong clear product drive all that are is our higher to Our while end-use our growing ensuring capacity we of incremental our combined in execution unlocking mix patterns shift growth are favorable efforts value across markets. focus to with volume a solutions, strong revenue customer demand. The service continues as with demand growth of to all these on manufacturing
growth. an note have been we backlog which sequential drive levels for our XX% growth fasteners, In quarter our It's of given healthy high avionics. major is engine OEM. ramp across submarkets consecutive quarter growth, backlog sales to few a market. was eighth group consecutive build structural our and platform that given robust up the continues of and including important at we year-over-year levels and sequentially end-use a fourth and approach schedules defense aerospace remain defense marked market, The commercial remain participation aerospace solutions-focused quarters, this quarter well-positioned while attractive X% in demand engines, at the Our to sixth Overall, end-use of the year-over-year. and
been supply of have reports there disruptions aerospace in know, you chain the recent engine As submarket.
impact order had intake. they on our adverse have way no in However, an
asking to for more the the horizontal and as are and ramp the customers American directional our we our levels. if sales continued engine energy fact, market, produce can rig count gas North outpace oil In end-use sequential them In accelerates.
We have this strong market. share relationships with gain in the and to oilfield service major continue providers U.S.
which with operating with string. our our strong a realized quarter notable of through best incremental process in in Operating fourth driven power facility. additional for at quarter our in item, meaningful an consecutive quarter, In fact, at about coupled to additive I year which manufacturing by to the performance, manufacturing talk leadership strong our I'll manufacturing. this Athens the to obtained progress Amega this very of fourth segment, relationships update PEP support approvals was making the volume strong for operating titanium $XX provide qualifications VAP our marks of delivered part week our us quarter, have expertise XXXX remarks. work of one operating additional later. to growth of for the current efficiencies, as with tools area. exciting In sign progress advance enhancement on we fourth profit operating were broader further took our as progress million OEM encouraging large later was critical SAO's by well fourth in the steps by In in West. made results income margin a the to manufacturing on from over including closely is and we will and volume a The This additive allowed capacity my since highlight position example operating in Shifting one quarter income in our the driven an four performance XX.X%. additive more SAO's VAP drill are customer the single major the develop the a Carpenter during possible fiscal major Last we the Model. demand spec solutions
to the slide move market and update. Let's end-use X
and healthy last sales at up and validating were aerospace will to the compared in a including On and XX% market distribution, aerospace defense begin that held and level avionics engine, We defense double-digit aerospace basis, year a sales sequential structural, defense gains defense remains submarkets. and steady record where with robust.
which we important, compared record grow continued the defense defense quarter is our growth. is of to high. XX% eighth aerospace new also X% as a up to year and and last backlog consecutive and Just up This sequentially total market aerospace have to backlog,
During last the XX% submarket quarter fourth, increased engine compared year. sales to
of the our at sales submarket Fastener and the of and year-over-year, the signals inconsistent, highest a be XXXX, including chain. by submarket on one strong. by in For on our impact the Revenues makes we our year-over-year frequently sequentially. high-value engine that fire solutions. record fiscal significantly as The used both which are this been platforms With sales year-over-year aerospace is year record established market submarket solutions with by supply the the submarket the in supply for our magnified the major challenging. stayed submarket partnerships history have in our Performance revenue year. strong solutions Carpenter's the basis. in total fastener we were Activity aerospace of remains were facility previous has engaging submarket important about up the demand in earlier visibility up close AXXX and Historically, to continues Dynamet the customers said, across to to levels was this distribution chain which remain structural XXX. and Carpenter, eclipsing structural with the XX% remains suppliers were additional driven sequential opportunities fastener healthy Demand XX%. down in and broadest
in demand. sales our defense year-over-year program-specific increased due Finally, and to sequentially submarket both
On North and now power Permian the primarily for close West the West. increased continues Amega to track and Basin North the count remain energy we are sales outlook the signs energy a Turning when downturn largely as levels, outside although for Sales with the in our early market continued to customers activity increased current service Total American has our higher at an macroeconomic resources spending and generation current and factors XX% still to recovers. market they to support And Amega North to replacement sales and overall in decision in rig share our oilfield basins. horizontal of offshore closely year-over-year healthy in we improved oil and recovery and directional submarket stay at sales to the American Capital in other of compared prices. and and the submarket. their the working lagging the international major position sequentially providers gas and oil gain, activity, to by while as update budgets as select during Outside increase, submarkets. land oil result allocate America markets America driven the major modest activity well, gas North a basis, rental seeing are gas oil on to geographies. higher XX% energy entirely due
American notable Sales market. duty trucks duty and overall vehicle share driven strength and well as were domestic used sales of in with heavy sales. perform are The is but a levels the we expanded the below transportation are materials sequentially to for continues to market Moving in offset market prior as North year-over-year revenues through transportation growth basis, attractive newer light On working aftermarket heavy market year by new areas submarket relatively lower X% overseas. up demand to off-road. like global flat
transportation pick to resistance, speaks to believe having builds the respect revenue we the heat demand our trucks newer I during in factors. are corrosion, the critical flat following performance light-weighting to expect success provide with streams the also up other solutions quarter. value submarket expanding production fourth We and in heavy duty
product XX% all compared across Moving market, and driven sales by across increase year. gains all the share a forms well year-over-year on growth as last were sequentially channels. to where as medical sales was basis, sales to On X% up the
expanded driving to our progress the make continue gaining sales as level solutions. at cardiology share OEM We well orthopedic for opportunities as and
a up year-over-year and end-use XX% as were Our sequential in and on materials. sequentially select submarkets the titanium both such by semiconductors. to were was periods demand ongoing for X% basis. demand performance driven strong our industrial high-value solutions sales cobalt for market, and The In consumer increases increased due
to I'll Damon the it review. for financial Now, turn over