Thank for turn XXXX before I Mike second Thank you call you, few and financial for then us over questions. review Ryan, results. and Good more will to we take today morning, make Powell's comments to the everyone. a fiscal quarter joining your commentary
in rising results orders uptick order year-over-year strong quarter as activity activity, new revenue well fiscal million second the highest as new $XXX the quarter second second the downturn. quarter induced consecutive Our growth our for of is from of activity new and X% of quarters the end-markets saw quarter The and sequential a as new marks customers order XXXX. to in of of recover four pandemic our continued order since
consecutive above bookings it's quarter, second ratio ratio times led Our in the the of with performance book-to-bill and X. a a X.X to book-to-bill quarter
the operations all revenue We revenue of oil of level the of XXXX. the segment. saw comparable to prior our execution margins fell industrial with increased fiscal continuing our and by quarter, in the first by sequentially to after by utility focus XX% basis throughout second growing pleased X% within million to fiscal is year remain the petrochemical in points to timing higher million our of while by than XX% gas year-over-year versus the $XXX exercise from year, risk second straight management than improved our Then our in we as gross due X% our prior period Revenue compared to and XXX XXXX. prior $XXX and from XX%, is the sector higher this Year-to-date, year. quarter. by X% grew efforts markets, Our market revenue compares largely quarter increased XX.X% industrial for in sector last from disciplined sector and XX% the the quarter traction by markets while our
environment. to higher-cost working to of effects ways continue the the mitigate We find
quarter, As recognize higher costs, near-term projects fiscal component we to headwind. continuing material to we and raw stated of create are that revenue the beginning last XXXX on carried first booked half a in
have supply we and However, cautiously to Electric the such begun continued commodities of components pricing. a engineering the are challenge and present prices see in as optimistic both that we key copper stabilization steel. to through availability
inflationary actively engaged passing and through our are We costs. possible, suppliers, where with
also continue We tight and monitor the labor to navigate situation.
an pressure successful through headwind, potential upward have remain expected wage manufacturing While these operations. we working largely the of across our added been on challenges costs all
the our for labor project modest levels. us execute project We restructuring the may a commercial order technological of and as backlog. we in to critically will our benefiting despite of knew you fixed we presently is start return as pivot our to workforce prudently skilled recall, That during decision the XXXX, retain for the of XXXX, revenue outset of at plan was pandemic for our eventual the Nonetheless, it majority and retain the and costs As we important global lower and manage future plan know-how while activity. did fiscal continue activity. deliberately we to growth we
bottom-line, no and in loss with as $XXX will detail. fiscal driven We in quarter, by mainly debt. Moving investments Mike to in net million reported we the prior shortly provision, a loss of the short-term more the cash and quarter compared Net the to $X.X net second $XXX,XXX explain a ended million of a loss was of tax year. quarter
improvement end-markets. support Our quarter working than of net the rising $XX in of is capital building higher million despite activity the face cash the position our steady prior order to
Lastly, sequential higher million million, first is and $XXX end the marks quarter growth backlogs at we than which $X $XXX of from quarter X% ago. year million the totaling ended of one with the
basis book perhaps see line across industrial that opportunities another the markets. markets leading significant our and of Services objectives. in second are to into demanding the of view estimating the most steps oil, While, our an recognized legacy continue is the results markets clearly Offsetting a the we funnel and greater momentum to remains our light capital recovery strategic across of capital increasing direction, Powell for and are demonstrate our experiencing gas, gradually its to a our efforts business where order see new our and performance have end-markets, operational and been encouraging of of towards with and and noteworthy can positive These strong of quarter our capabilities of expanding activities a second strategy business also cost stated growth new strategic overall for the recovery leverage more the innovative a historically increase month-to-month revenues steady markets strategies fiscal industrial and products Powell diversify quarter, These results petrochemical industrial R&D the still have constituted proportion end-markets while the recovery, and during recovery a is the Global are that on and share and deploying on our heavy we reliance activity, levels. derisking in customers, beginning also excellence. pre-pandemic lead enhancing delivered as our order to around Customer fact core business, technologies Powell's They steady are in applications solutions a while despite of the we utility positive. our pace for below spending an dynamics markets industrial commercial that slower becoming quarter in first attitudes positive from XXXX, of including These core modestly our continuing stakeholders. intact our nature remains deliver of in broad team step that our in aid all less positive our and cyclical majority unchanged. has orders, will for Overall, changes deliberate
pipeline, and of the for markets to chemicals fiscal expect nascent active, and investment improvement related opportunities commercial We activity for renewable gas sector and within leverage to thoughtful Powell's continues pace remains more providing projects but to capabilities. and us remain across the continue light the opportunities to attractive, their to XXXX. LNG, strengths of Customer and capital industrial gas gradual, steady remainder
we prudent against the and progress and management our mid-rail the priorities the light and we strategic will business execution for of we UK. the quarter second to-date. strengths commercial leverage against projects. of the proven North we've traction forth, for measured and balanced progress growth expect risk results, distribution Reflecting and And market initiatives, against steady the set throughout solutions strategy are on alignment that capability our of pleased Additionally, with these associated continue to methodic sector, the utility to technical continue America across the
complement our our our as electrical both reminder, into product growing product a automation focused as we product through offerings, attributes: following on catalog electrical portfolio scope and services applications of platform; broadening the expanding tangential that targeting technologies. franchise; new the As diversifying our expanding our existing well existing have
see as each materialize We a successes the efforts of examples are benefits within to result sharing look to our and forward initiative. of additional beginning these
for priorities our unchanged. are the Lastly, year
and First and employees, the customers, and suppliers. of safety our is foremost health
our factory protect efficiencies an look remain strong and maintaining to inflationary we as on environment. Second, closeouts, focused performance, execution solid we cost our project in margins
and over call geographies and progress investors as we strategic Mike of serve. evaluation to And that that, appropriate. our are to a results. supply on more structure, markets as horizon, around over our turn priorities on we cost committed the across is longer-term With detail resource three to to our Next look optimize chain, I'll current thoughtfully lastly, continuous the the executing operations financial we planning updating our provide and
