everyone. and good Thank morning, you, Audra,
IEC. reengineering confidence for sales Company breakthrough immediately results to our customer our strategy third XXXX, we go-to-market quarter restructuring a When began and in the our I reestablish Our quarter represent funnel. broaden rejoined to operations
internal $XX million. goal We also revenue established an of quarterly
four to a last third increase have of by $XX.X pleased and revenue fiscal million, goal the XX% third delivering quarter to Now represents improvement quarter quarter year's sequential of XXXX. compared second we later, surpassed which an fiscal years are that fiscal compared to X%
represents improved our showing quarter revenue with consecutive revenue. three This fourth of market quarter growth, all segments
XX.X%. gross achieving We also of margins improved experienced profitability, overall
was So our third IEC. solid for XXXX fiscal quarter quarter a very
of has meet by to programs customer direct rate and addition growth our for existing expectations. which exceed customers, and projects fueled and been new the reflection ability from strong proven a Our of reward is
and up more the customers addition, XX% sales. brand totaling ramp continue these In of we quarter to with from in new new contribution revenue onboard customers than
enhance our of full regulated continue pleased manufacturing programs reliable, we're value complexity integrated We reputation the as that in highly service markets, customers recognize to electronic our high provider offerings. our for and
to their to outsourcing Increasingly, of multiyear customers' our with provide confidence of only of these in demonstrating our chain. IEC, share greater solutions growing IEC the are supply their across to with seeing some commitments now customers broad partnerships. their we portfolio of growing choose strategic our we representing are committing Not vertical portions we expand are can customers partnerships business awards,
XXXX defense recent and top the $XX from award in customer. aerospace An million example of May a we announced this is
repairs array services, utilize a including card the this broader award particular supported of While the cradle-to-grave assemblies in services, and we have program representing all a upgrades. and fulfillment vertical our advanced aftermarket will for spares, order solution, this past, including circuit
had ongoing customer's start we partnership continued which with XXXX, the in a as the multiyear first fostering first On than in for X.X:X, of $XXX beginning very calendar demand, other many time multi-year totaled the to represents award fully more ratio well bookings as commitments. this with million this quarter book-to-bill related an and note, of up quarter we the addition, award includes which customer IEC. a estimate signifying in In will quarter strong commitment a our ramp history to
representing year we were have Since would if demand excess the beyond the commitments to of by has XXXX, out the the $XXX Interestingly, total back grown nearly award, backlog for third fiscal this in quarter than X.X:X. of our $XX million more close first still for book-to-bill million. XX%, order been
to nine compared continued fiscal XX% XXXX strength booking of bookings of the first months XXXX. pleased our are see fiscal We first months to nine almost up with for the
of It's true in the composition providing while have reflecting of to important include contracts, improved with has to the us portion trust longer-term note partner, customers backlog also a longer-term as higher these us our visibility. that a
which XX% backlog than than While greater for illustrates only backlog our demand not one-year, our now for and XX% represents previously, deliverable XXXX less XXXX, beyond than out, beyond. deliverable more of our we're but was building backlog one-year of
As bookings support part highly production. and the in have skilled in place backlog staff we've to we workforce complexity efficiently programs, continued that of, grow scaling are convert of to we continue invest our to to in high to ensure
well on requires place Our program particular staff have we advance trained mission-critical to support a we effectively the that ability programs lifesaving, in of up. the ramping in work
new the our and over product. the onboarded in bookings role quarter. hires remains Corresponding XXXX, backlog, assembly of completion start employees an of third we've final our element XXX process, with to date, over new plays the fiscal including the processes since of level in fiscal growth into the XX of automation testing go our human that important integral part most high manufacturing and the While the
the affect ability production global backlog previously. our to convert to Another important ongoing continues shortages element discussed is component we've that to
behalf components on of acquire sector the of seeing base in parts our supply times, While the to improved continued customer used in we've see markets. highly consumer availability regulated components shorter chain in are recovery and the operating sole-source lead with tightness engineered for we highly
efficient the through challenges. more ongoing become in As we associated the managing we shortages, work
on prepared ongoing remain an our situation exciting to taken And inventory is to an commitments. capabilities risk. our Strengthening effort laboratory. our have to continue navigate a for development and We so vertically testing and also analysis in priority meet will we'll mitigate additional we integrated the customer
fiscal List, we of a the a close Testing known of also the Logistics announced as has as the the Agency, the third lab QTSL. the laboratory that services quarter, DLA, Following Qualified part its expanded Supplier or agency's Defense to suitably equipped as
served component mitigate detection or on-site risk. whether customers, for for Our root a in lab has always analysis counterfeit to solution as unique cause our use
service, we this had to the a believe We service in-house OEM third-party service, past testing we outsource well which in seamless outsourced expanded is today. to we its that can With which we already regularly defense as capture now can many business, ones for by business provide contractors, of as compete same upstream suppliers. the now
us and supply have qualification, which enables expanding and and support. serve to with the other our received to ability for pleased customers are chain we mission-critical this risk programs for minimize We testing lifesaving to state-of-the-art and more issues counterfeits products
expectation we period customer customer a the company, manufacturing our quarter and XX% high-complexity our of As in excess our changed expanding With time, of confidence reliable revenue of partner XXXX, short reinvigorating XXXX. efficient and programs. leadership of of by we in we're energized backlog fiscal today, position achieving as our landscape the we fiscal visibility in relatively relationships. solidifying In final remain for and move into a growth our confident
turn more it to provide third I'll our over to financial Now Tom quarter on detail performance. Tom?
