call discussion and everyone, a in morning, like for today’s XXXX. performance joining start you and Good thank Kellie. you, Thank job with fiscal site our I’d to about safety us.
of our in recordable incident XXXX. disappointing which the to fiscal XXXX, ended total XXXX with an X.XX when record year and a is had start consolidated X.XX, While performance fiscal outstanding compared to we of we
we achieved parts excellent this of judge view. performance, consolidated parts and other While enterprise performance our on not, our did business
safety significant to our previous about our and zero. XXXX effectiveness the between it culture very of is and those drive our insignificant variance to may years how statistical this we on outside of seem industry, While think
in Dropped Related to role two like have XXXX. fiscal historically focus I’d with our the incidents in our played industry. major areas construction you to drive share objects to zero, today company across key for a
according day. recordable Labor, U.S. approximately the Department every object incidents XXX has to fact, dropped In construction the of industry
To prevent are we job of raising from dropped across object incidents mitigate the occurring, our awareness sites. all
also our both of surface scaffold on place, elevated retention and and in educating better rigging We’re proactively controls. working people the having importance tools primary construction protections, walking secondary safer and
multiple tasks are hands an increased harm’s of to our hands-free her involved tools area, to second XX% Hand of injuries place engineered fingers. and from in employee all The recordables way. use industries. and across finger approximately this and hands the program, In are his or keep area, used our accounted training for where we a having in implementing
as making investments that committed well confident great as are create Organizationally, our we these goal of to initiatives we program we safer if ultimately first culture, a to workplace environment, people, a will in combined other make work our zero. safety with achieve our of leadership sustain improvements, I’m safer. and
outlook. and performance our to now Turning
our over that per came was year, earnings Consolidated fiscal fruition. outlook report a and to fiscal second-half share the to fourth pleased revenue marked closeout nearly to XXXX our achieved prior very of of previously We’re as quarter up XXXX strong improved we year, XX% an for forecasted the $X.XX.
volumes, quarter capital quarterly fourth revenue positive performance high including maintenance operating project confluence in the represented strong In of and timing, record resulted which and fact, earnings. events, a
financial want we our provide will you fiscal Kevin some expectations the I performance, to on key of entered remind as that we details While communicated XXXX.
Steel would segment cycle and gross revenue business. quarter-over-quarter. years. turnaround in we We segments, market margins expected Storage during highly we Iron higher these consolidated work, complete competitive substantially We our in will and said work and We produce volumes and say stronger on improve lower-margin margins a said said Solutions taking we in previous in would we the
We we are of pleased to report, have achieved these each expectations.
In project at per we well of annual and share billion backlog guidance solid supported within range. – while awards we $X.X our earnings achieved by billion, $X.X preserve addition, our $X.XX at annual within
to I’d congratulate we across behalf their we hard to thank continued backlog pipeline work have XXXX. our expand and On through leadership employees will Finally, performance. markets we creating allow as of opportunity entire brand that senior a move like our serve, the to fiscal strong team, our for and us our build
about of our investor our fiscal asked billion-plus. we and and Looking our forward, safety, revenue road XXXX strategic strategy our and at in and and we’ve growth, The specifically, shows, of elements include clients target plan key growth communication, investor for people been how more excellence. execution reach recent conferences will $X
value. elements four foundation will build lay and we initiatives growth expand linked, undertake business These the specific are and shareholder continue to together, intrinsically the for the long-term to
to in on safety risks. solutions this safety, year, mitigate we focused fiscal engineered On
We that focus also implemented will to improve performance. better, actions effectively more data HSE real-time a System provide our world-class to Management our
to people, continue environment. work a training processes We and make incident to in our zero will maintain investments achieve and
is of Ultimately, our direct people. a our reflection greatest performance our resource,
our strong and have great organization. work across further continue to communication and invest our a people channels bench the develop heavily to strength, to inspire We deepen in environment broaden will and a
the are and an ensuring building teams workplace, including initiatives, can and environment and and inclusive our to strengthening everything we workforce current and learning actively improving processes, engaged selection so, developing culture, harassment-free a on diverse workforce, important health future our doing doing hiring wellness. In
strong of ensure corporation. levels we strategy all people the Another succession aspect key our have a to of within process is
our with within announced. some exciting me team changes share executive we Let you just
was from years Vice Matrix the Officer, the industry, XX Operating Joe will which as Service Chief XX, last At of XX in and President the effective role retire June Company, XXXX. Montalbano, his
to vast understand, for industry Joe he the join and contract the ability sharing in our assess our only tremendous to the years, expertise community. made and to Service addition Joe Matrix Please teams me in mitigate impact but Company, operational engineering to instrumental has been project our and to not In thanking and elevating also leadership has his risk. over
Matrix of the part through role and X, for Inc., position to now Matrix X, and COO subsidiaries an later interim Operations. Engineering. will leadership three this end have Alan transition Updyke Service from fiscal North we and American created have report role, into Construction role, September direct step will This operating of July the Matrix As on XXXX. year our transition, will the effective to PDM interim XXXX, the President Joe succession
in Senior in and February subsequently Service XXXX engineering Prior various joining to to of of Inc. construction Matrix Alan of President July the joined Service Vice Capital Matrix, promoted President Vice President Matrix Operations XXXX, industry. executive to and subsidiary as of in our held Construction, company, Inc. Alan roles was
Matrix. Brad promoted EPC company his was role numerous Rinehart December with on long held President, the tenure that most of Brad In to the has Engineering PDM career XXXX. roles role, Matrix positioned integration has will Solutions of capabilities President tripled Service led to of larger Inc. assume of take in projects. Houston and the Brad and Matrix Storage his our in over XXXX spent which joined Brad in business. Brad engineering Matrix Interests, our
President, Matrix leadership Engineering. of as role industry and XX of companies. Glyn Strategic joined large Glyn the including Inc. President, executive January other roles of years Service over engineering, Matrix promoted construction Glyn Development. in experience, to Rodgers PDM Vice in will has be procurement XXXX
will corporate has in Brad in with North X, Matrix company Construction his Construction XXXX, Turner prior named various American since report September Updyke American President and, continue the Glyn, Jason Matrix to Jason XXXX. to with been holding as executive being of role will President directly Alan and roles XXXX. effective of North
well those Jason. the contributions These portion of Alan, Joe Montalbano’s of I the represent of as leadership again the want executives as and Brad, organization, to our recognize within depth a huge to Glyn organizations.
the development, employee success. planning, for and continued succession recruiting company positioned to related efforts retention have Our
In clients processes necessary complex investments continue people, we take and on we larger, will to projects, volumes in technology. work and increasing make of more as and growth,
strategic strategic will opportunistic We where good and cultural also a pursue fit. is there acquisitions,
advancing shaving, leading and for opportunities where of oil, is significant for terminal contractor in and midsized facilities, Our electrical the world-class LNG global choice support market. for bunkering are and in This energy abundance a crude and peak demand States feedstock also position projects in NGLs energy capabilities United EPC generation. that North America’s position storage remote high as expertise for exist LNG our and off-grid leading
onsite we and capital maintenance & position In refineries projects long-term agreements, Oil Chemical, market mechanical heavy strong as as America’s activity, and our and North gaining continue plant ongoing to well in services. share Gas turnaround repair build on in
services, at Refinery, including example, onsite contract turnaround to their Shell mechanical support. where Sound will we small provide we embedded serve contractor Puget projects five-year announced with capital For a signed as and primary maintenance, their today, services
to refineries through Shell we provided repair the these maintenance we services the including turnaround, services. at added With tank industrial this cleaning years, award, routine have of a and mechanical number to
very of longstanding history Shell of and our We’re quality services. relationship with proud
gas progress awareness, traction. midstream is Our our natural territory processing brand service in to gaining build expand
expected range infrastructure. as in outcomes project out supportive this growth of and continue look its margin builds we industry very Our the have been the segment, to this
in primarily Finally, our Gulf billions industry, of petrochemical extending along on the and U.S. and existing construction, it expertise the focused services as facilities, capital to we new turnarounds invests are Coast. plant
steel repair the remain North for services Industrial supporting and integrated leading America’s and new processes. high-strength segment, we facilities next-generation and choice and other for our steel In of projects, capital contractor advanced iron inside maintenance
pricing material metals, mining earth when non-ferrous and demand and the handling and also improving strengthens industrial gold and brand for us and for copper other commodity in rare opportunities other minerals minerals. including Our position
been while distribution. exists infrastructure our efficient, has as the opportunity Electric more result reliable, current the of footprint, for need delivery aging and a our power of segment limited by significant Finally, secure and interconnected geographic Infrastructure portion challenged
brand address expansion continue leading demonstrated we organically our as power To by current beyond our demand the current Midwest. in footprint, to position geographic the into delivery, grow will our
targets Additionally, fit we’re that looking acquisition for our expectations. and strategy, financial actively culture
and support continuing gas package to work. fueled opportunities Lastly, for well-defined compliant abundant is our of to strategy the for low-cost create unique power smaller demand natural generation, environmentally by us
system, cash In engaged processes business include, will that execution continually and greater These quality project improved strong initiatives are tools, among management management allow efficiencies implementation initiatives for sustainable engineering enhanced in continued consistent earnings. excellence, an management. and of and enterprise-wide others, we
sustainability ensure tell already initiatives strong strategy formalizing the a – responsibility efforts that stakeholders. at place efforts our processes to about results We’re culture and want our strategy to our we work all we business expand further. in to We about story and corporate communicate even our that our social work of to embed and into also thoughtfully
of on execution and to growth these continue and clients communication, plan, our focus excellence. and foundational elements people strategic We safety,
acquisitions strategic and investment Our investment specialty top reach, client power business growth and areas expanding needed and capital our growth, delivery through revenue include: base equipment. organic
and Expanding considering expanding adding engineering, acquisitions our and project Oil Gas to capabilities, in Chemical workloads primarily & reach recruit, estimating geographic Storage inclusive, an expanded that enterprise-wide bolt-on needed new that skill diverse and and bring we in capacity, retain Solutions people, EPC as safe in handle sets. we by creating added people operations best-in-class and develop and ensure workplace. people Investing are and to initiatives,
Expanding markets. business internationally our strengthen foothold, with gain we clients operating people existing to experienced will where an can follow well into acquisitions, we market as resources these penetration, internationally development to through as facilitate activities and also continue
strategic markets, will to continue and existing petrochemicals. and and support that programs, but targeted areas breadth acquisitions also employee engineering recruitment depth chemicals development only planning focused we not succession our expand such our as and Finally, our growth to active
areas We Canadian will operations and them, build grow services. and and to in help electrical other investments expand in among scale the our strengthen that business consider our improve also acquisitions industrial
our renewable to continue the assess point energy into will We entry space.
fabrication market joint capabilities and of plate and/or Solutions equipment well acquisition, steel opportunities as structures, systems, specialty and will the us allow capabilities or Storage acquisitions enter energy of modularization, that our expansion investment, through as with federal piping both. our vessels Pursuit bidding and to infrastructure
over invested a proven from X% and Making of on focus revenue a organically acquisitions. $X at achieve to with With of of billion years, as top XX%. EBITDA increasing these year-over-year we remaining cost investments our over capital the to higher-margin project three expect well volume expect achieve return continued coming a as of of and grow X%, rate margins work, X.X% to structure, to management next we line and
monitor and we objectives are in to we our we environment including environment we external macroeconomic, in factors tailwinds, While closely our an an strong of that, are also operating are confident as all and other uncertainty. with achieve aware, headwinds, global ability create will potential political
our the impact and be as in factors create always can that As line must we award performance. starts, of can cycle we’ve experienced market bottom well patterns. conditions of project variability past, as timing in and mindful quarter-over-quarter the client-spending These awards
conditions value, confident deliver a will we demand. working While diversified and to closely growth watch because high our over remain long-term, continued services in we’re our markets, ability where I these in the strong are sustainable shareholder in
we know a focused, vision a a how to clear with experienced are have and we values, leadership, best-in-class culture core solid and people We strategy and and execute.
put and conservatively demand, cash our We on and elements: for create focus manage backlog, promises capital. deliver safety earnings and higher first, momentum a execution free revenue, our significant flow. These
over to quarter to and Kevin I fourth will now full-year turn discuss the call results.
