Thank today. on and morning the you, Brad, to everyone good call
review Let's a on begin Slide performance. X, of safety our and
XXXX. XXXX, incident Our year above first is which the fiscal fiscal total rate of slightly year case performance or TCIR in was quarter X.X the of
we have our four significant years, across facilities. the the Over performance to last made strides improve safety
results. our has with and recordable are remained rate flat However, the improvement we've we hit point without disappointed where a
leadership the our employees development engagement Our focus of continued and with remains investment on proactive in team. our accelerating
culture equipment redefine last result effort action to over years, or that employees process unsafe. to stop as of that our or a the encouraged empowered are feel the is We any several our safety
safety Our how and most are it to about better. make employees of the the They face the are program. our knowledgeable workplace
refresher a the of supervisors putting of principles are all we course, addition, human focusing performance. our through In on
the We business. to sustainable are a hand leadership goal That programs, toward and system few. Through stop program our continue a our human injury performance improvement will of workplace. to zero engagement, we employee in investing and name improvement across lead heavily commitment, safety our and lasting safe, ergonomics, will
to and Now, X, let's review impressive operating quarter again, turn delivered first our In Slide quarter, of our first a we performance. performance. once
Let of me noteworthy couple a points. highlight
we XXth of consecutive First, delivered our growth. sales quarter growth earnings year-over-year and
percent second SAO generated this record operating at quarter, operating we third, the margin And first marked SAO. Second, consecutive our margin first income of adjusted quarter XX XX.X% during quarter at was plus SAO. operating adjusted
key commercial Aerospace mix our to from medical and of In up and drive as use backlog in and was strong all year XXth growth growth as consecutive up the includes to was participation of diversity. benefit XX% backlog and across gains strong product a continue we richer gains we last compared addition, use XX% up a XX% over In defense backlog quarter to year continue broad backlog almost submarkets year-over-year submarket sales were defense This with industry our delivered and execution our last XX%. markets. up remain last end to end market, year. aerospace compared
and facility with the qualification levels engagement to aerospace capacity VAP Athens additional during customer received uniquely are We at also positioned Athens we peak this Overall, quarter. our high cycle. provide during an incremental remain
capacity to us work aggressively long-term Customers via continue to with agreements. secure
gain are we able major OEMs finalized share to where pricing. two agreements we In fact, long-term with market incremental favorable with recently
the which XX% our market Another outpaced is have and medical gain to broader strong. of compared where share. forward our the market consistently value us important solution rapidly consistently to medical and for year for demand and indication our the Sales of ability end growing is use remain industry increased solutions market into a last clear sales
our supply margin capabilities the growth and ahead. see our in medical opportunities in we facility capacity are high production market, at on expanding the we chain to position capitalize years attractive elevated the Given our Dynamet
strong our Finally, the support our we remain investments earnings consistent of must quarter-over-quarter industry. company continue earnings to drivers growth with execution successful. generation sales sales the future and A growth and of future long-term next to strategic in explore
platform. where an years additive have have manufacturing end-to-end where active recent In a we is we manufacturing focused leading built area
research generate We as the of our segment. are which additive business, a to are and about shareholders. Carpenter currently growth additive Carpenter emerging development more the and key soft later I business magnetics those losses our It losses comments. and PEP is part drive capabilities important cost we will note that in generating value long-term accelerated of our talk my including and is for in enhanced Technology equivalent operating to will technology create that for manufacturing
update. Now, the and let's move Slide market to end use X,
over to were in the seasonal strong year, leadership our in on growth. sequential XX% remain the down, application years. compared strength muted first were overall decline and prior last to is patterns and driving sales the Demand defense, submarkets sales market our but aerospace up multiple Looking basis typical attractive area the a across
significant in the levels, saw Demand and remains is engine industry. XXX issue in the Certainly, MAX during quarter. for the a fastener situation submarket a demand submarket the the we high at strong
resolved the current and near monitor future. customers, are suggest be We will reports to in regular contact continue in our it the situation with
for from planning seeing are also inventory delivery materials While in seeing expedited primarily in still distribution, adjustments order in used increased request for are we patterns spares. some we and orders
production. see Overall, robust. of the is years plan we not lead current is across significant solutions medium demand utilized for continue longer we products, have backlog and our remain demand to reduce applications are aircraft and which long-term platforms. reduced backlog aerospace expected aircraft seven to are time these have and represents to as have to materials no eight XX,XXX production and rate grade to Current a industry we multiple to close production Accordingly, strong rate
end in driven largely up medical year where The by continued sales were normal to last seasonality. the reflecting was onto sequential use market sales compared market growth. share XX% Moving decline
ahead, the to consistent submarkets, expect points Looking our orthopedics, in demand all years. solid for cardiology the key the patterns, medical growth and coming market dental outlook
We continued demonstrates market growth ability rate to OEMs. sales above develop well year-over-year growth gain which generate to with and our industry major inroads strategic share
medical to of addition, increasingly of is [ph] material being given and supplier few just have outcomes. whose In transitioned portfolio distributors customers OEM recognized from with accelerating patient years, devices partner AEM is applications. to market the a being collaboration solutions the we primarily improve medical continue to on In potential [agile] development new strategic a penetrate to a now manufacturing products their in and
up and and engineered sequentially. transportation driven The applications. richer for that market have the end temp were product compared emphasize as we mix increases use high In primarily been were to last up by X% solutions high look specifically sales X% year to wear
international tariffs. Tariffs to by impacted related supply are in impacted but countries While market demand headwinds have relatively our in working North regulations, growth challenges remains macro mode expanding continue struggle markets of not emission the offset stable. to with America by and new those the chain, hard we
facing were operators and have production gas energy to America for growing last Overall, end to the headwinds oil sales in moved as down year. and our to and flow. power XX% notable North and energy moving sub-markets. steadily the generation sub-market compared market Now oil from use managing is Total gas cash
and operators been North has a in exhaustion to North is following last running contraction than activity accelerated America. rigs The the XX% in decline drilling as number of slowdown reaching has On increasing budget pressure basis created operators XX%. market decline due move earlier basis, in America pricing the a X% count count market share. declined normal capture The a rig on down sequential to sequential year-over-year quarter. rig
turn The and growing has market service overall declining West market, rental continue performance. impact operating which pricing pressures affected to Amega tour, and activity negatively the in
industrial end a and demand and market global and decline use impacted revenues by consumer were both sequentially. the applications. reduced industrial where manufacturing year-over-year select related down in for XX% negatively market Sales in In
prioritization continue as our we by Our performance applications. overall shifting also production ongoing was higher towards impacted our value portfolio
the consumer Lastly, increased year-over-year in sales electronics. into demand as market solid we experienced consumer
last of the enjoyed in we strongest fact, in In the terms one quarters of years. four bookings
demand see electronic for for increasing our critical expect healthy high-end need products applications. continued given the We to
to for Now the I'll review. it financial over turn Tim
