good and Chuck, you, morning, everyone. Thank
of and this call, Allen the financial first I is would to you company's quarter the for welcome to results the review like to Tony XXXX. purpose which of
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gas more increase natural the X for key have the of of May from The by Slide is increase the reflect is or oil. Sypris same past by XXXX $XX by for XX% May X, the followed over XX% XXX% prices summer Oil for further to outlook to a year-end. significantly per West would from of use up count price crude Rent of past for increased is which to barrel, year-end transportation and this is with Texas over period. the market is year X XXX% the to Turning the Intermediate forecast for now of Rig the be and and year, processing market transportation up XXXX. XXXX. increased
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up was XXXX. business of and now into future extends sequentially XX% backlog Our
pleased with quarter very are of new the during level orders with We year-over-year momentum up business XX% first alone. the
important that optimistic this momentum will the coming year. throughout are continue We
the our over changes years. During previous taken discussed we several in place the that past calls, have market mix
please be note forecast for growth that Slide commercial fairly XXXX, the a during as increase is to well to our is XX% mix it forecast this an believe market past two We The energy. big represented a the and while revenue vehicle. sales our now achievement represents automotive result when change significant specialty and maintained of concentrated to quite increasingly and from remains with these the expected Turning customers. electronics, defense XX% to of of distant XX% were despite X, vehicle expansion now balanced mix continued certainly business, commercial
balanced have and served today, margin. market in of pandemic, has business during volume This concentration. of We us both much in the and well terms more both diversification served terms customer
expect this while we away requirements, technical further, to pursue exists to services. additional that to forward, margins Looking expand reflecting products we move continuing will aggressively our diversify and value-add further from business, We and and believe commodity to opportunity outcome. continue increased
point line, in the to growth new top clearly XXX to contract our The for markets, the in double-digit for flow margins, and wind with combined basis a a brief a summary. percentage back. awards, The strength to Now year. of XX% is strong expected operations positive expansion of Slide the from at our XXX when let's XX% to is growth in a XX cash leverage fuel turn
really of the forward task the building during we the business the will So Quite the and be with appreciated and severity challenges. in our always year to growth But the year during associated assuredly, the the coming surprises There simply, previous weighed when looking must be will and execution. of are beyond. this profitably will faced issues we focus and the pandemic. against most is surprises be much on case,
to presentation lead this morning. you Tony? XX, Turning Slide of now Tony through the will balance our
