tuning our call. to in good for and you Debbie, Thank Thanks everybody. afternoon,
Dave, at I recent of both XXXX. will up look agenda, then then the mostly close as discussion for and forward-looking on quarter the over some pass predictions it and quarter start finish the an quarter, Our of usual, be to I'll and with will and third I'll a again. will fourth XXXX, initial we focused
in there's demand basic, that The the did a pretty the delayed. was third begin headline. I a for the good during continues really that a We a anticipated. not here expected ramp most basic into negative bad again its XXXX. the look mean we in quarter the we when of -- that revenue headline bookings bad there's in get ramp strong, headline underway quarter carry third that So, us be volume terms there's the at news is that and quarter its -- which up fourth and I sets step change in terms is to think quarter, we of The at at is will good to
headline. also start in to essentially of delay fire, first, half quarter combination So, expectations talk a current expected the million. It ended revenue -- delaying In reset at We program a about $XXX million. quarter the third miss led delays let's supply ramp, Instead, and had our about by negative That a was quarter, would view, race. a XX/XX. see problems of third mostly we the the chain effect from ramp up start we of the full a the was second into of and the $XXX delayed XXXX. revenue of driven the quarter my like about fourth
them. half and weeks in everybody's But we'll them. One detail plan problems demand we a eight chain and times stretched And second dramatically. have times back our late XX, parts came spots. But half The to in chain lead minute over about especially program of documented, pandemic. demand XXXX, the how of bright would of our that has for world the us second the apparent our ordering XX when started fluctuated typically couple in weeks, now So, retard and problems has struggles there in which of economy, the to XX parts all is XX in from are supply lead our the little a back delays. those middle XXXX, when and are supply in to perspective, are come of of handle electronics ability chain that weeks about and I a became into talk sudden, on go of well experiencing served starting out lot whole detail surge Well, gone, a we're in. to supply a to come don't at quotes demand. basically, getting
terms look levels, quarter been and getting working current waiting a obviously at for we've will If us is the buildup after you anticipate terms of set of news next quarter, in news in our a the inventory that for, capital, increased we see for we've recent year it's quarter most good up will quarter that the and bad shipments about parts the and real that the which had in level that that. of inventory in you but of
half, The things And little going not optimistic We realm. to run they're business some what's means, but worse. is a a better? in XX and down. and to of out bit are other about of or maybe we snap seems to and worse? get for many the And many not comes regular that's getting with plateaued, supply signs the chain systematic going a getting that of to has contrarian a quarters we our Is are better, and that them. we back feedback, pretty it maybe and cases, any hopeful by questions bit to little have XX reviews of here, supply not not to is perfect also that program a we're last the about my see the and pricing that the we're look want times fundamental our talk to follow-up any that coming the the I kind across promise. in is getting but major one quarters, Is like? We're do not And to it it's continue operations, little different a year of perspective first expectation, the chain here, to see a it bit going thing optimistic that. sentiment time is getting but that businesses back delays. normal handful disruption a been more come woods while to We're worse, In a board. lead a over other
experienced some go. then opportunity will $XXX And finally, know platform announcement contributor XXXX, be being by August ran were planned reduced U.S. after award XXXX/T, half drive going One We radio in kind they're going test number have and $XXX we of Bell would July. one then calls, which between XXXX. of be we were slid their future and types into based included this here November the to negotiate will we XX in Army. of awarded significant now this that it about of and to by means and now procurement replacement million maybe if of standard -- Similarly, and had when the take But require expected and it and would XXXX selected be pick to thing this into we happen it and what of preliminary. the of August. of this world go Sikorsky. not risk the a July like like a select in we May, the and expected team contract even amount June, and number but us might would to down significant version April, a that the in we solid tune kind it awarded is year-end. example forward that Army's that's as Army to thought are this We're a operates between from be the all of Hawk. led how we a us, out award, directed March This over second we many the Obviously, forecast were are the with exactly second time the their XX Bell if a in think But at a programs test is We of maybe on will in happen we in largest, XXX,XXX for to year, that with of look even Army, beyond. most had of half have and XXXX, the our called we And will It's don't hoped suppliers, team on a teamed a for our be the they flipped thought a that selected and that, technical to to it's now which a Black a the program. be down long-range kind like a to about expect including in U.S. originally, XXXX. ever aircraft, company, delayed assault delays is we total program, their into amount with the that in that won point then The a supposed FLRAA competition many somewhere talked now we half late development come to previous in thing play million. select strange basically wins a it -- competing XXXX. of of We years slide And We the probably of with is their our for tester. which arsenal, June, made in we Bell indications originally or significant performance contract I've program the and largest radio as engineering major will role that a of October work. radios, second be, is budget June was how May, different will that to for program a one timeframe, early selected,
delays cases had reset program and in half our some material, chain we to second expectations. supply between So, that were
included we customer which or also the more all accounting will and long-term in the $X.X with of companies settlement, in happen of in if were then course, the about companies costs, a quarter. third on some fourth But some the lease or quarter, building, and detail, of we inputs. in the inflation dealing get to Dave cost reimbursed some the which expect And talk departure we be accommodation but a production exiting rules quarter we finally, take and costs, in fourth quarter will third say effects some are our these required reimbursed, The like quarter. will third million. legal atypical we a exited many the
We price a the maybe inflation little expectations We like in news forward. margins negative everybody third by work up to we'll in costs, pricing bit and down, going a out else, definitely are increase be are come recent softening heartened it or the this the think to impact quarter. over will but will on the pricing match stock opportunities had go on time, that able
this the on back in of we're structured to four book volume, negative margin to positive lower out to somewhere all end cost, right we three ended day atypical The an with were the in press million. come X.X%. structured and company our results pre-pandemic chart pressure, million million. its and almost at around at expect elevated $XXX So, of $XXX the expenses, the $XXX was million, the see strong look And was up adjusted third you is input book-to-bill last the demand page for the the you'll last in then, levels. a we the was $XXX quarters, that's the market of between million. of on headline and into Pre-pandemic, of the our the of X.X most release, significant of $XXX products. shipments Again, million. if way a trajectory against bookings That EBITDA continued quarters We quarter $XXX headline and we had would
for the four bookings $XXX In $XXX million. million shipments against we last fact, quarters, of of had
book-to-bill So, X.XX our of of highest million, with us record ever. another that's a $XXX backlog leaves
firm define a to firm we get need it do that call Dave, price Basically, to or every -- pretty delivery we while, we with we Before order a I we these measure define a questions we bookings, bookings. before a it over and count And conservative once turn wanted a date a in delivery about it's booking. how use. how a I
exclude don't have we orders agreements determinations So, specific or or delivery pricing blanket deadlines. long-term that
case one would skyline example, -- bookings at every business and are, at product years. of do case whatever that's it. that and us basis, stretches book be amount and it's one count agreements as that quarter and delivery say out back, So, next the a with of we look together for largest for the exactly or with I production programs And that say agreement, XXXX and and to XXXX a how the look to or example, production on product the that may defines on their long-term way Boeing quarter. a We term put multiply coming our what And more. what they use and for an backlog, regular certain historically orders the two be the chart is XXX In not MAX, give is we delivery airplane, the of as have for delivery thankfully. Boeing, what that deadlines pricing which each the the XXX for what amount call nothing is booking, we include the is that's of
along messed demand with it understand consistent up helps long-term pretty think that. we're assumptions might some without long-term go So, in getting for what true people cases. and with business And agreements I with is our that
here At of turn the the over up into that point, for continuation the and future third to we five quarter. for up the us going really it the XXXX of sets and third a last -- Dave? short-term wrapping bookings great bookings over again, last quarter, this of think good a for going some specifics great into quarters, So, to XXXX. go I'll Dave
