Thank you, morning, Dave. Good everyone.
-- our our and sales, after conjunction June that in were running, service we on to termly customer substantially and and with restore cybersecurity outage impact systems. announced operations, indicative we administrative, third-party days the back incident, incident. functionality including began begin XXth, of our and XX restored XXst, the June disclosed, previously team financial, functions. On up just experiencing specialists As had investigate a incident our At Haynes XXXX, a incident the response network that to point,
$XX incur fought manufacturing led days entire I'm was did one-third team communicating to or we and outages of recovering the outages at Approximately therefore, $X.XX. of quarter. $XX Despite The very our impact reduction June XX in share the of with month reduction in estimated had per very shipments operations. the our outage responses, and of incident. million our restoration third to our along to in well investigation June, $X.XX the we incurred actions our shipments, costs significant an of many in and reduction efficiency, as for related and on an through That rapid and million proud reacting the over impacted. in efforts, of to in estimated resulted approximately outage in earnings
high fourth difficult offset missed to due be our levels. will quarter, in it to operating the our Although quarter third shipments
of be We momentum have of highest the fourth good quarter our operating with and the revenues flow regained our year. fiscal to our orders locations of at each expect
on again actions industrial. past over Our of of first, the three slice focused the be These actions to material items: of financial when the continues that following team is year. the now third removing excellent gross the class performance quarter incident, raw top in and fluctuations focus a the and cyber on resulted have that once impact include margins
XX% below approximately it years began improvement five in Next, this where journey is a when breakeven our reduction was that point we ago.
our services, the continuing positive application technical And and of of development, our alloy the our differentiators, and and finally, including products high-value to To illustrate and core below service. focus breakeven on our competencies of efforts in of the and supply outstanding improve effect and outage, point, previous shipped network of pounds despite in reducing million pounds being This net million the $X.X we made just because a X.X point income. is we impact breakeven X QX, quarter. yet million sales
but were third and numbers revenue Revenues year-on-year. cyber X.X% $XXX.X one-time tell a compelling move incident, market now quarter. sequentially, performance the our very will the the story. XX.X% in Despite impact up million, I to down on of
far as because pricing value our year-on-year markets, mix the both incident our initiatives. and for were management, significantly, As ongoing and CPI revenues of our cyber and down sequential
Our year-on-year. This IGT use primarily service, be revenue to share is excellent our land-based to due of gas XXX the but our technical gain, XX% alloy will up being sales, due cyber still and Haynes and incident down increasing proprietary turbines. sequentially
declined and desulfurization markets from other or the Our market. cyber year-over-year both majority due flue our both to and gas FGD of the withdrawal sequentially incident low-margin,
market As for that in Further market, increases show shipments, will I we revenues quarter growth XX% demand Paris strength numbers increased the the gap of the the where of truly our occurred Air June, far third aerospace June met in Haynes. our and sequentially. engine our unprecedented as with experiencing market. the aerospace we along in emphasize customers builders. this which strength These touch on Despite the market, year-on-year XX.X% the with many airframe emphasizing and and are aerospace aerospace Show,
the Each meeting chain. themes: build engine was in very the similar three to industry's inventory with First, supply inability main
and combination service of need tube come. people, service customer-facing centers. company-owned, unquestioned superalloys technical And our Second, out sales excellent the Haynes, by of of and titanium to to for nickel-based due years quality, the our anticipated provided third, increasing and outstanding for service outstanding
positive. To of put this, some out the additional be on the aerospace color continues very industrial to new
LEAP XX,XXX objective backlog versus For engines than -- is more a recent XXXX suppliers, to from communication deliver engines XX% of more LEAP XXXX. in their there and is
through show levels commercial fleet returning anticipated the projections published XX numerous traffic balance passenger significant and decade double commercial this addition, this to aerospace to peak with next over growth, aircraft both In the of year XXXX the short-term years. and
the new in with backlog now a of end QX June book-to-bill, reaching our and record at Finally, $XXX.X million. XXth far as backlog increased for backlog as month, consecutive our
this our backlog prior before million. record For $XXX.X was ramp-up, comparison,
revenue on X.X and X.X, was strong CPI very based at [ph] ARO markets book-to-bill continuing total QX, X.X, IGT and For at with at other X.X.
great future company. backlog, and and anticipated both of our our work us hope and current for reduction with cost our gives supply the products high-value past on along and Our future differentiated excitement services record of
points comments, my additional I few to Before a cover. wrapping have up
First, the with proactive pleased facilities. within safety ongoing all approach our on of I am
staff, Our within and most each a throughout updating system safety recent focus the all of to maintaining our specialist suggestion plants, procedures our our on addition our training our and of one facilities. safety accomplishments include of key safety
In received SHARP, North maintained that XX-year facility SHARP addition, in Safety plants in standards. XXXX, workplace and stands Carolina Program, safety Health for designed recognition. our implemented, Recognition is for which and exceptional Wire and medium-sized and have established, Achievement small
we Next, agreement United has we workforce. a our that, have agreement five-year ratified Union. overwhelmingly Kokomo with to The pleased Steelworkers by are reached our very announce been
to our path talented delivery, development, throughout down core and of are employees dedicated to item and of look the safety, cost alloy is quality, Haynes, of application which want further that We competencies have on a group Haynes's forward heart our and The yield, innovative touch true are next and improvement. company. we continuing I
that long-term BC strength bringing Alloy, market Haynes niche, Haines result Alloy of highly Our signs development products Alloy, X and HR-XXX differentiated are and developing stages XXX of our commercialization the different market are to Alloy, initial clear Hastelloy efforts. Haynes have application shown Four of research XXX and acceptance. Hybrid and is of newest alloys, at
Unlike heating, XXX combination and IGT, many of and OEMs segments. being Haynes alloy some major outstanding tested was resistance. process strength an has with oxidation is versatile and temperature been high-temperature in extremely Alloy the industrial developed chemical selected or currently aerospace, is already other market newest alloy’s XXX by Our
bright. our is the thanks Haynes, sincere worked Haynes of my through we the quarter. performance people issues for teamwork our Finally, the and of future this our team as their of past to way and opportunities Because
hand will I to for now financial the Dan our comments call on over results.
