me call. Thank Welcome you, the press have close, conference quarter our Right release. all Brian. our with I earnings to Park's we and Alicia. third quarter after This COO. Mark Esquivel, is third President published investor
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were exceeded $XXX,XXX. million, But we QX our $XX.X just as by First big, but. said, about which range check item, forecast it's big 'XX big, fiscal sales a
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what So Why of QX. in shortfall production the happened? SVP
things here. So several consider there's to
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other But be On lines of ready. the up the need ramps does now our Slide to don't of with being, old up. new new ramping to of use part on get part side lines up and -- as ramp X, I said, Like plan new efficiently learning curves [ the time up, new lines the even ramping the new we for until basis less the now is the we ] is our lines. run lines the not
lot of extra doing that. a So costs obviously,
next item. The
have very curves. special relatively is end at front of and dedicated and of are learning Many and great Although workforce, steep Park still the people. our the are people a to Park to ends production new fortunate
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XXX to our terms bottom And in also big of talked line. keep this -- that, about levels, QX. not We're QX it's People had shortfall productivity impacted there? talking compared Slide the we current count on productivity the contributed but the on or people How which of going, going we Our lessened that profitability? reduced about, our meaningful, end much a impact at okay, of on or XXX to to are in really impact X. okay? saying, bottom addition our which production productivity What's negatively reduced
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So we've of find out got X being. human to XX that
Those probably significant. extra just people fairly our -- approximately. XX also The just that's that in And $XXX,XXX quarter. P&L cost
was trying frustrating. it like big up, quarter So to ramp something because that's it's that you not for expected of ramp we're up, talking been quarter, part happen we've equation. trying to we And after know another the and feels to
You you one. That's progress. progress then on a back. tough make We've [ ] kind the going this lose -- is a holding of complex this been little
hard your a earned talk clients' But feeling of this situation. really feeling, sensitive about some is dollars stuff. it haven't or know a to you it's We because investing right my dollars, wanted have that and to your you're hard-earned our
regarding this to tell to something Fabric. pretty we're So we judgment, use some point situation NG but that's important. have electing CXB Sensitive ArianeGroup's RAYCARB you
distributor 'XX, Remember fabric Park appointed missiles excludes that ArianeGroup North proprietary used Park to it January years for X under as This business its by arrangement Park American and entered is ago partner materials in produce into CXB with rockets. a of which the ArianeGroup fabric. ablative
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why that and We fabric CXB will stockpile sensitive. is, like of significant not other buy all I customer of discuss to customers continued Park. this things said, amounts and But very
CXB $X.X million QX. just $X.X are $X Our expected next approximately almost $X.X -- in more 'XX million -- in fabric million our be nonmaterial actually year to or fiscal million, sales and
X. the But So key And because the well, this top is of thing, the buying to these at fabric. we're requalifying Slide the OEMs, this let's go I saying, obviously they is OEMs they're their keep meanwhile, inventory, of here's buying product. their mean it's and risk. CXB committed stockpiling one
However, until this produce CXB customer. this is fabric is the -- for to not complete, materials recall ablative using we Park able
what's to have to happen. Now going
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Let we're tell about what me talking here. you just
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control quotes in not have complete So in we at the because recall is March, put when it's this point, requalification we expected expected over. something to be is
motivation and missile from they and need these and can't us. there's a there that is for demand motors they with Now rocket the pent-up systems do because producing fabric, material
let have a to if So know. see want just note me I okay. I here. It's just
does that -- requalified if occur So in the March. that
customer ablative the that a expect the of would materials, what those The customer alone more or about just in -- I pent-up explained fabric from $X.X million demand. 'XX. to in be used to contribution well, there's be, We sales, sales this this materials
to how customers So as And product produce. limit the to as the we'll the market, are systems be be will would complete, limit not be the able is the soon races. how -- the much recall many off
some with you here. things, on to XX. extent at Slide Let's on very dollars, holding your these [indiscernible] We've really we been the think, what's about or going hard share back you. dollars clients investing I you're I told felt that to earned sensitive, talking to but like them hard-earned should to know go least Because, know you're said, extent, your
XX. Slide
didn't we consideration that question. on us. So it expect take you? the QX we produce and Here's really ablative things That's to we a forecast materials. Why not ship Why things these did actually didn't happen to That's recall just we in these of our gave didn't EBITDA Well, happen. in QX? in because expect $XXX,XXX
we very didn't that bottom think double expected So $XXX,XXX happen reasonably It that at to CXB we all QX, and I doesn't and that P&L help in QX. happen we win, sold got us much of in line-wise. fabric
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receive this bonus roll understand, anybody, together, a like -- As the decided Park needed Park not And this punishing people just a result, together. will not we're it's to but all QX. for to
That's making So it don't numbers, how our just not is. we bonuses. if we're get
for of Slide feel let's our to you people, go top too the badly XX. before Now
going Park and not the of about at year. but the future, optimism bonuses, them. the pay sense goodwill our and will family for However, year is Park coming the not is members bonuses there's will be quarter. for for receive a new This to you This
The operating QX -- expenses annual our So expenses That's X,XXX our is next we QX, facilities, forecast the utilities, least where at about taken of related of EBITDA, let's goes below. profit, course. in an sorry, including rest about were for EBITDA, item. gross expenses, $X,XXX,XXX to footnote gross account those them. knew for into depreciation amount maintenance, we expenses. into the go on insurance, overhead There ongoing were margin, when things But you significant in new people factory, not gave to
trend story. So last I the that's a us that significant. on a production better. supply bit means shortfall have been $XXX,XXX international recently, it, issues, like customers usual been aren't chain suspects, bills. you quarters, if in take don't few bit with But it's issues. customers think Missed we'll I the shipments little shipment little QX, if in better. in or actually a That it's their The paying shipments. The but $XXX,XXX hold was issues,
get not to paid shipped, Yes, do. for and we going of funny issues. kind they're other attitude Sorry, miscellaneous getting a have what we about
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XX. Let's go on to Page
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estimates. Park's performance financial and forecast history So
about Now this we're talking all Park.
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materials, for Now that scheduled that EBITDA QX? numbers ablative on So the QX. sell What's really of here? in good. were CXB for materials remember have we to are looking going looking $XXX,XXX QX we that Well,
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terms of way, let I some. on -- hitting ahead looking good because that really production we'll get and back quarter then remember, that it is to put me because we're So well. target think inventory doing we're do think think I we're line. this I better -- in in And QX, production And and build to our we're pretty for production, our bottom P&L trying
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risk million lot. for than We have is says planned a And that it here the little $X.X X, a because QX, requires which actually of our fabric, government $X.X line, million, higher margin right about impact sales approval. $X is French over CXB significant CXB that in footnote for it of But most has at our of bottom sales. a that's fabric million
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are the those updates. So
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large. quite are programs these of Some
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And Solution treater, than spend very other higher opportunities, there are OEM things these other probably probably are likely. but likely. we're projects probably on, very and going to that partnership, likely. to Contribution
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the only that the that it's we're Slide -- highlighting million -- number footnotes conservative. on So just the and is slide thing XX, on sorry, $XX
through the so to go long taking for apologize I again, presentation. So
Operator, take happy to if at be there are we'd questions this any. time,
