results and to everyone. call, welcome is company's of Nick, XXXX. quarter I the Davis would which financial the review like you to the good you, second Rich of morning, and purpose for Thank to this
advance you these please projections calls what note some Slide those with this of our we presentation We statements. forward-looking of here other include have a and who For X today might to now. access PowerPoint morning, to begin may discuss always that
Regulation assurance be will review can sypris.com may with in website at included projected factors. results definitions our materially No the be can projections several given and G, call. you are financial the Exchange discussed compliance Securities those be could and the that measures to statements access any Commission. company's of from as these of non-GAAP factors And this actual a filings result that during achieved, with and These in differ
in qualifications like starting the of Slide the outlook discussion. our lead mind, now these an half morning, the our of for each With be to with an quarter, by update with presentation you on to overview I will of this Please X. the highlights to business followed for first advance proceed through we'd the markets. primary
review financial results our of for provide detailed then more will period. a Rich with you the
X. let's Now overview the Slide on begin with
for basis. Electronics a increased that for revenue revenue our reflecting period Technologies with to and on the business report sequentially, of Sypris continued XX.X% consolidated basis. a year-over-year year-over-year Sypris XX.X% are We each XX.X% for XX.X% rising Backlog on increased across the pleased for quarter XX.X% strength and segments,
products per the increased XX% for energy year $X.XX the $XXX.X EPS $X.XX share backlog prior prior quarter segment's Sypris per $XX XX% for period. from million end share share rising Technologies of highly last Backlog year engineered for at a per year-over-year, to the of increased positive In the demand global loss the of fashion, a increased quarter, $X.XX up similar Electronics from year. reflecting products. the a million Sypris to from
performance financial foreign particularly words, raw it unrecoverable superior our unexpected other the the was adjustment an standpoint, headwinds in increase material to [order] currency pension of and expense. way a price and company's operating The since from was an notable clearly quarter. to an In
As we an have we mentioned previously, point. entered inflection
the as will We programs We're rapidly of pace of we rising accelerate into rate intersecting that backlog material. production. ramp continue believe with to up now revenue increasing demand the of is full new conversion availability our to
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use during of We for several additional quarter, have the contract components awards In program been at we to announced of new all-terrain a to supply announce Sypris drivetrain the specifically new model award the new Technologies. a of pleased more production side-by-side April, in vehicles.
of rate forecast vehicles. at award market. is according of Technavio the into with Production a and to to program The this in to further Sypris begin components specifications incorporated opportunity Research. for new these provides market The the growth to annual Sypris by The between in finished exacting XX.X% be differentials produced all-terrain expand is will growth XXXX. burgeoning vehicle XXXX compound XXXX, expected
people Lake to potable Utilities pipeline XX-inch the largest Oklahoma. Atoka water. raw where Atoka for for Pipeline announced Oklahoma infrastructure in expansion project is In XXX-mile-long sources, Oklahoma new Lake areas the second According delivered with Water City, insulated use the X.X treated August, it provide the we water City of Draper to an new and of Trust. history the its Atoka in includes being Stanley award The diameter be is transport Pipeline will million that from built and Water water the the to project for in in surrounding municipal It Central to Oklahoma a state. joints will more XX-inch City than
pipeline and These award line psi. rated water and slated in cathodic inches its insulated are The cost XXXX of day. is than pipeline. agreed start and to a of steel expected more pressure of per in polyethylene-coated to protection under gallons to will monolithic manufacture and supply be new to has Tube in Sypris Turns-branded will insulated finish cement this $XXX diameter motor move joints XX-inch XXX million million for the XXXX. joints XXX XX be and Shipments
XX CPX Venture export in In terminal project. August, the with in than CPX Export facility $XX direct use Louisiana, we Parish, of CP export to also million CPX natural with new the project Venture of LNG will more The billion Terminal Natural high-pressure Global LNG the they to export a liquefaction closures Pipeline the sources. LNG nameplate LNG Global Express a first metric will investment the be the Global LNG per capacity Parish second annum. Venture Together, an announced gas by and Calcasieu specialty Pass developed Project. be represent award for in Cameron Gas according tons being
and will venture energy American be LNG supplies. approximately XX-inch to East natural diameter pipeline LNG North the diameter in develop by and to CP new natural Southwest pipeline of and is miles Louisiana. X.X objective and approximately reliable investment mid-XXXX. Express the of The pipeline project will existing the connect gas support of clean XX-inch to in new The lateral consist Texas terminal proposed service miles gas CPX global grid XX of
systems are will be Shipments tons of on Sypris expected manufacture XX and psi X,XXX high-pressure for the supply year-end. to for inches award the rated much to in These as to up completed specialty under project. up weigh Turns-branded has agreed will diameter, to XX.X its this to and Tube range tool by closures a pressure as filtration closures be use each.
was an first Slide provides manufacture receipt announced that to contract turn of in in award Electronics, the April, be and electronic its additional U.S. to announced XXXX. multiyear to let's to systems Sypris electronic a warfare The supplied a modules we improvement X under be At production of Now releases X. program. of in for assemblies the by additional Department contractor. integrated Defense test Sypris The produced be for will
new to and the warship, to adapt capability missiles the According threaten Production will scheduled on to incoming sources, jam XXXX. begin a this year quickly deliveries program to threats. evolving expected late cue in for actively that decoys later provide upgrade this is with
the is cost contracts of known. Sypris failure are applications which Each for of these high well representative of
potential We and as growth we new expect program future during wins continue about move the forward. to revenue year of very optimistic contract momentum the and for the remain we
we our pleased of our confirm consolidated for for to headwinds are to to expected XXXX, XX% exchange to result margin recent top growth outlook foreign for line expansion to a successes, in forecast points reducing year. XX As XXX these basis for continue are XX% of the while
to each increased According advance of markets. rise our review additional the to forecast. ACT X expected now XX% an of and which the major let's is in XXXX, production X.X% Slide outlook demand its previous Research, heavy upward revision to an to the X XXXX, vehicles to for for Now Class reflects during
transition current production and down of into in XXXX. remain hold the have production Shortages e-commerce, that Unfilled influence supply demand and many are transportation. continued semiconductor to factors. before are quarter levels on outlook chips, other in easing XXXX, among and backlog for fourth demand the factors shortfalls somewhat at capacity truck chain, from positive levels, other the carrier heavy-duty ACT well OEM the pushing The for of components profitability to a having calls medium elevated There steel to XXXX. served
for now to from Sypris Turning for increasingly The transportation to of imports Slide shipments dynamic it is and has become XXXX boosted use LNG X. declining past over pipeline European and this gas offset in market Russia. XX% key year. the by natural countries
elsewhere. campaign their embarked As of to gas, on to the Russia needs reliable for part former an the of strategic source upon its has response natural Europe dependency supply aggressive
The will capacity the its projects tidal of in LNG the will increase see XXXX come end by of online IEEFA a mid-XXXX. forecasts market wave that Europe XX% global by LNG starting and that import
will added XX of XXXX. outlook projects tons liquefaction by capacity be metric that The annual million
and growing demand approved and XX% the growth is The underway support right depict of positive Europe, identifying the those infrastructure construction, outlook in to effect and to to proposed. projects became under in world's The our The operational, in plans We exporter strong even come. reflects year-over-year remain to energy in LNG will do the a major programs. maps for XXXX backlog with that are time these that this the various U.S. products more the future. the U.S. provider and largest some remain in optimistic cautiously
a for spending As for the you remains will see market long-term spending continues technology to platforms very Slide be overall high on on positive X, budgetary strategic the chart defense and priority. upgrades within the from allocations,
firm at Our with backlog XX% XXXX. extending orders million into business is up future of $XXX.X stands now year-over-year,
are the we level continue going optimistic that We forward. with pleased important are and new momentum, of this trend business will
During previous the in changes discussed mix place several taken calls, over that our past we market have the years.
XX% significantly. to defense-related markets XXXX, now with in Turning XX% that increase our XX. to revenues forecast increase to note customers to Slide for shipments Please expected
believe diversify will our up As from XXXX. aggressively XX% to a outcome. we represent in opportunity in further We XX% result, this defense electronics business, to that to of consolidated sales is forecast pursue additional continue XXXX, exists and
backlog is support for prior million, year-over-year. the by while for a XX.X%, summary. $XXX.X at XX.X%, similar to from Now platform reflecting energy increase Revenue to XX% up XXXX. stands a XX XX% providing grew In Sypris at fashion, future a products year growth period. Backlog in Electronics turn let's strong Slide a our brief quarter backlog increased now for the
geopolitical Our upon current outcome may spending markets defense some yet depending the are global to additional in and our feel situation. of good future increase, shape, we continues tailwind
pleased are expected increase for a As XX% XX% we Revenue our is to to year-over-year. result, confirm outlook to XXXX.
to positive. the of simply, margin forecast forward XXX flow to looking is expand to task to operations the points, the cash business coming remain during are gross year profitably expect we from building We while basis beyond. XX and Quite
balance morning. presentation Rich? you to now Slide of XX. this the will Turning Davis our lead Rich through
