Good Mike. you, morning. Thank
income Below had customer this few quarter and expectations. also the negative to on light this of there operating interesting As QX loss. much January two developments. Mike approximately line, the in to income and by our compared due a Revenue in due we and again reported expectations to operating once achieved pleased reducing were shipment improved operating grew XX% I'm was Naturally of effect results from our revenue expected. month-to-month, February year-over-year to year-over-year a that improvement as the from quarter those which in proceeded months, in our deviated shipments product postponements. operating margin for report and was
First income party pension and line. moved settlement accordingly. if impact reiterate $XXX,XXX. disclose in also any occurred, to for the foremost, benefit terms line not the from this operating accounting a settled. to the X, an prior-year quarter. item. required negative approximately the operating on the the And an equaling change we're income has of about would've not Due was impact moved million. or report was the sizable able a January note below income/expense provided was XXXX what pension first that in I’ll involved the approximately This results comparison, details the maintain nonrecurring to was change settlement, the third-party Currency income posted beginning company I'll apples-to-apples standard for with that operating to income to finally quarter contractual $X.X reporting is other due which was of positive too exchange there
income All considerable improvement results. resulted net in year-over-year of also a positive a in operating this and
a are targets instituted have on part During to focus meet specific quarter, of of organizational certain the early the weekly groups areas I expectations. and expectations. first the not which to These company number I of performing which groups concentrate believe
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Additionally increase due plants the to last have that the the the training operations to employees have many new to hired and equipment been the over and resources added inconsistencies in maintenance in in XXXX, manufacturing of we our of support manufacturing year course reliability. senior
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relate want and global from the price proactive instituted ensued effect contractual XXXX I director last March of building refining to year's surge maintenance costs as we in the first season they to August place which the year increases Finally speak we that today. this for about took bidding in during yet assist within raw actually in a certainly increases few over material our another a XXXX be introduced adding The capability. that us reliability to from maintenance a moment to price weeks course are will quarter.
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to customers We do continue possible. the to have with surcharge a one soon as not implement as who negotiate currently
new the the the in course VICTURA trials. series cases, contract. family twin team product December, in the our new contributory This we that types a of largest Union. includes vital Electric and in first facility very introduction instances, collective VICTURA, Harmon continents. and business negotiated three performer During with first and trials quarter in cooperation Union the was three. I with most In manufacturing demonstrated fairness other Creek. the new am is the In reported mill successful number bargaining the agreement pleased also alloy different freezing the extremely by these forged the defined remaining the benefit healthcare. areas the pension and of Both the competitive our United application company has VICTURA across to are Steelworkers includes sales contract plan since of increases in in over these the grade ranks one among top Oakboro
the confident I'm regards is about for tariffs the and industry Relief concerned costs. moments is trade negotiated a steelmakers we excitement aren’t thing I'm this that As nobody is our already. and to we and of over product the grade. projected development beginning XXXX way VICTURA to convert of this April, pleased the on certain making twin for about have reporting for orders few to customers to tariffs. roll achieved one rest There countries deals have that alloy of in project about rising line I’ll happy. The seen breakthrough speak market is new XX% volume sales in wars VICTURA happy new and growing say that
temporary Canada, it of with for tariffs reliability steel the that certain or extended has the even need of to I when of in NAFTA Compared the concerned tell customers can dilute our a our I indicate U.S. this you in operations have exemption data the year, until June could Regarding Customers countries The discussed. us. X what's rolls from as deals been exemptions but has the extremely tariffs less continues supply imported tariffs advent interested important into last been negotiated be steel of since the others would more much to impact business. general is are on is relates this not our to potential And imports. them. about rolls. having to there as seen
months capacity needs that when are This that's availability asked of the mill least commit and to years guarantee our The number. substantial being order utilization a XX% latest in statistics We to imply customer is XX from bid all it. is very rolling ago up positive. product at multiple and supply
us. forecasters of within not Adding with XXXX, we to we express expect the few the shipment barrel, to beginning concerns continuing remain $XX oil of especially any through industry around affect from a would any frac do least industry see negative state a XXXX. are that the or the hover to to concerns While which end about at strong trends product or in $XX
made improvement appreciable to lot follow-up Corporation late has reduction Figuring the pleased of this be identification within and Regarding successor, our the interest. balls quarter will my to of regarding primarily in now U.S. is into continue areas long programs shipments not plan, a board the thrust the of may to and to delays not year-over-year search that, of this to resulted committee to key due all is consistently. in to as this in My air that for right uncertain. were That the first small I high the the the shipbuilders dropped do a Succession related XXXX were operating is of the related of discussion. to to last company of and was equipment other lower perform to XXXX. quarter. with The so. in that unusually Navy sales my group intent of that although first qualified business, The revenue Having in quarter evaluating long and due report as this the am shipment interviews said be in those reduction there you centrifugal during I the list U.S. slightly progress I'm year-over-year. Navy call expect is income an pumps candidates requested continues assist second
at concludes the for Looking look revenue depend in the I the is to barring expect is compared as quarter ahead, targets our we quarter. circumstances successful. on quarter rolls hitting focused success last and you will by reported. the groups we traction year's believe I my sequential comments. Mike growth as are blocks improvement as and operating second both imagine I organizational very groups on up unforeseen and backlog any to you. earlier when in that income compared line currently may second That their This gained to helping that mentioned focus Thank be these their first
questions. will now take your We
