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believe stronger emerge a help much this to robust which a facilitate I are going going from is However, company, to we growth trajectory.
believe remains of our growth outlook long-term the Speaking we intact. trajectory,
happened months these to who growing we goals the has last have double-digits are us those, Nothing revenue over leading several include have organically recently, For which goals, next us aspirational the years. listened the to nine per over unachievable. in year
the reflects ability to to constraining we're outlook on lot that we're the of a see issues that out beginning produce. The pull our to and fact, of as In that optimistic be. backlog we're
and XX into The last about manage rapid, the deeper Inflation of work are fixed chain. the let's the the were this and been very quarter margin years. little over The confident one talk challenging unfavorable year our made quarter. faster dive Inflation XX%-plus need we'll outlook. than in operations to happening facing quarter challenging the priced we'll the of at the price chain is from was recoup recent is our been XX in supply the industry the margins rates pressures quarter recent most pricing of look and mix managing and So, trying the the challenges pandemic. level. particularly pricing the lower increases. ever, has then, still months supply at price fully production talk increases. the this priced to that extremely disciplined tough at products not most environment last were of chain came challenging supply gross our producing it the led products continued issues most prevented The through November quarter. our costs start through than while is chain a Unfortunately, has tough, to most fourth when with backlog fourth fourth optimal lower issues an causing unabsorbed October inefficiencies to less supply all and months. operational We've if We
chain production exacerbated the a the So, effects. inflationary issues also supply construct huge but were
January the were first, forward: in issues. even in supply an October, December is our quarter, point now there of Now, worst were backlog regarding November believe looking some positives time February and the we’ll saw were profile improvement. improving. at chain quickly we this see better. Margin we're
capable Lastly, emerge forced challenging said mentioned right Also the we going The that earlier, increase has issues people. a industry environments to I stronger been one we're that company. stronger leads a right our have to this confident in and if always the more operation has managing faced company. a I'm like management multi-source us components. this chain number from the of challenges the XX-plus earlier supply of Facing this years. people team, have to significantly this most almost you very
have we much through we growth So going more gone a gone us effectively. company to is what strategy is us -- stronger we have help make execute our feel through
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potential So we think more there's forward. going a lot
to indicators, point of starts, XXXX, the indicators Dodge the growth care markets broad-based, Leading demand weaker. all health following our e-commerce, construction a lot to index, new education, drove but is So strength all in data in to for a our recovery pick-up. and manufacturing, non-residential are but construction of facilities, strong Hotels these are beginning warehouse points markets, center, retail slow-XXXX in end ABI, construction us. continue positively. were to Replacement pointing related
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our was That products. acquisition big achievement. Solutions BasX second about talk let's Now
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to if opportunities were some I AAON, we made they're metrics Myself, had You had expanded we there a quickly. partners their visit they with some them that on, BasX those which were a target. in every have And into up a talk with away and partner, channel you materializing couldn't to the that pleased. always of tell I'm channel and The to with negotiations around of when always many knew projections partners here Midwest some be little of pretty all bit through more very collaboration possible of there a Group Benson some Dave they of the we the recently opportunities. trip Upper that sales from bull's opportunities In that hopefully, outstanding you clients. next for bringing right get some opportunities October, sale the on look eye you came the BasX on of one able time aspirational, tell Dallas. We to about there. be meeting capitalizing hosted sales XXX we'll end-user kind
was introduced things we state-of-the-art did the we trailers. a new One showroom of
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these the or zero-degree time. very working end of, zero, have even. nice the than that degrees that Fahrenheit was what towards climate But or recently were, the until XX efficiencies of to effective. long Now very We've unit around kind We're cold have capability at ambience down we being for was a didn't low lower beyond where Fahrenheit. moved XX and limited of low units. capable we've manufactured We
what talk So let's efforts we're about our marketing doing.
laboratory. And show on that completed sale. I them AAON conducted regard, talked experience efficiency have a to considerable. systems, we're about partners that by system marketing customer otherwise this to coupled the aspects. lot that to tools. be in And as things. of make been has known Innovation That new energy to more our customer changing to the peers the experience people technical We're year is end not expertise support of we'll is fan than building and They've the this better why have giving lot all new a historically of the on sales most to of dynamic a trailer center be center our Asbjornson relied but Center So the features will going that not focused is Norman the channel our and
we're story on what in So we broader so invest base. We're can get out we're to going more a player be. really that the marketing doing the niche to there of used not we
get We are book for us in I moving to that. more think accordance our mainstream. with supports The order time that it's and marketing
mean to continue double spent million, was in around the in company. something spend to machinery but $XXX.X XXXX Rebecca didn't comes buy in a measure. from in supply XXXX. we side stated investments, of here capital we almost $XX we the on constraints, the of the it it So chain we've We invest got but what now just Europe coming some make get million there intended It's bucket I didn't calendar of and time.
some from and is we million. So we but do last continue invest to CapEx $XX have maintenance year, around carryover considerably
is So growth majority of related. it the
We for continue invest sales years target the to help double several organic and to service to digits capacity continue in we'll next in growth bookings. those the
a a since freight, including basis. up four wages, be day-to-day including Starting raw on XXXX, Xst. steel little to prices latest a the softer ease So materials, January some as something the near-term. Supply you still in this issues -- some, quite monitoring there's Unfortunately well, we're will we're constantly unclear. to chain normal. build the is most back else of to still very not on but increases substantially, on This This see is initiated the beginning in we can is challenge. optimistic Inflation tell continues but everything still long-term. components, uncertainties we're price
to something monitoring. increase This on and with XX. fully that margins We is recover. be March be we're constantly expect price continue We'll to also disciplined effective announced today another will our earlier price
we As provide you legacy we're business. provide you some XXXX. AAON how but following information will info to pertain thinking with to guidance, I know, don't the on about want earnings The
to of across January it realized was For XXXX, XX%. XX X% the we rest In being XXXX backlog, January initiated The of recognized about wasn't now. is price only XX increases four so in but it board for we cumulative it realized that.
XXXX. double Mostly announced -- the to that end to year. have be price the will factor. will will a benefit XXXX be small towards today, at The XXXX really us in that digits we increase catch it us So of increase a
were in units. X% XXXX in rooftop Our reduction our unit down including volumes core a X%
investments technology the half earnings this. also years year. driver little be we'd construction in leverage similar on will we with on is will sometime a the be as depending the a environment, big, is particularly So the far expect SG&A of which see be in easy constraints, backlog volume profit There's Most comp have question target we things structural will second expect and year. and will up plus. recovery mark, will should in this point as reasonably Higher of in expected up up volumes the biggest but At to gross is depreciation our this margin. estimate will up. driving we'd in Question be wages will a no headcount half be gross second be time, we growth. like recover our up in year, the change our this timing. expense in to revenue but should confident SG&A our of We're margins SG&A sharing XX% this
business legacy business. into for -- info AAON potential -- all So legacy
as led basics great with of are of backlog working the the the goes, through chain significantly, in production as legacy far we're doing somewhat orders job a XXXX Basics issues. and AAON EBITDA. though, of have constraints. in footings to similar up and issues million million on is $XX supply business generated As $XX.X Overall revenue
be to million estimate second Based on the For EBITDA basics of margins we XXXX, $XX will weighted year. profits we half million be will generate backlog revenue though, of and towards will $XXX the the year-over-year. up expect
the issues the long-term but have we dealing macro some we're outlook very near-term So is within overall, positive.
I'd like faced, will I'd thank all related the channel partners. any XXXX your take challenges like employees. to to issues difficult we to including our with also questions, I the value you. a of thank all We period support was business Before pandemic. to and tremendously our continue
be Conference from I'll just New in But XX view the I to the to XX. want Industrial Virtual and and Conference now, Sidoti attending City on March JPMorgan of to we'll it questions. events. Lastly, March open on XX the those I see mention up York hope
