Thank on my Slide X. presentation begin I will you, good and Dan, morning, everyone.
periods up line year's XX% with mentioned, over like quarter Dan second second out and the point quarter $XX.X all trailing quarter full we as was key with in the would quarter. many players. growth was million, over are first organic this from both industry, from to building our expectations. included of included I Barber-Nichols. that last were performance As relationships space the where a $X our commercial Year-over-year million X% growth Sales
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the see million, first the was Turning million to timing our Net quarter of from could trailing payments. end due end $X.X of to up you slide five, at debt quarter $X at capitalization. the slightly milestone
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slide to Turning six.
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primarily resulted orders energy. strong sales, of X.X ratio the and orders in is in diversity to and $X which had book-to-bill to commercial other million commercial, times base. of new reflects a petrochemical for our comprised of The the and quarter breadth customer demand of from $XX strong and each which we In defense aftermarket and million refining addition space continued orders, related
to Defense our primarily the XX the fiscal convert that from to the you will months eight believe XX% If guidance within can is now the that turn XX a slide expected and backlog Most sits backlog to provides first see in XXXX. and sequential in business. and significant defense this quarter convert next of for drove it these stability now to months. provides the is for of record at million. visibility Navy. comprises Slide a increase seven, our orders beyond US greater backlog to XX% our $XXX of you industry, XX% XX% backlog We
Our with and will were us we to full achieve in gives our our line first be able year half results expectations confidence guidance.
the XX% range to for of and margin we to of growth XX% are to is at million, margin to growth to expectations in million of perspective, XX% EBITDA million the between $XXX topline a expected to is an From result X%. to XX% midpoint of margin be and we are revenue looking EBITDA $XXX be net $X.X year. expect which sales. As X% be adjusted EBITDA to of of gross such, to implies reaffirming Revenue which we expect a equates million, $X.X our adjusted for adjusted the XX%. SG&A that The
be operator, Dan that, to will this the last I impacted these completed. happy of by company's please should questions. lines, our open impacted also projects. hours holidays. With is fiscal lower As out first first through continue results US and be quarter expected I the believe typically of first the lower discussed, by third were quarter are impact Navy the when We article to that due year-to-date projects point to XXXX larger take the article margin phone and labor negative will your larger XXXX
