Thank important safety others to safe. message you, this Kellie, our for leadership sacrifice, and about keep
Our us. you. actions and I'd matter. own unwavering to to those safety as and personally for their as behaviors service thank around past Please like yourself military nation's to also commitment choose our first and all of well responders, present, protecting and for
our contributed fiscal the our generation large important As the meaningful quarter close advanced year. out during quarter, work point an to XXXX, fourth inflection represented for to close cash multiple fiscal we business. which We projects on out
to expect we so fourth absorption will in continued fully course XXXX, as overhead As of performance quarter costs. project strong, through revenues we the the of into improve that and have fiscal seen the be fiscal XXXX, construction
billion and strength, basis. new awards $X.X the storage increased has X.X. pipeline fiscal million bringing for by opportunity in facilities, to book-to-bill significant continue a on project $XXX XX% fourth in new total more the year awards quarter, We year-over-year in Backlog added the than to and of a to backlog year. And expect have we our continues in which storage-related adding to particularly
to combined and revenue multiyear ramp booked to profitability factors, into in which and beyond. growth give our changes projects, These our already visibility with and organization improved us the strategic XXXX up, beginning are
across and providing business tailwinds other The LNG, our for opportunity services renewable provide significant are key our NGLs, healthy each driving for long-term be for ammonia, reporting that demand fuels, a catalyst to for continue the infrastructure and of our segments. megatrends investment hydrogen
on work backup in robust in the enter facility an As and Solutions we Terminal in XXXX storage the our Southeast. segment, was and advanced at facility compressor activity fuel gas LNG a boil-off large project fiscal a quarter supply Storage we as
Gulf project other where storage several another added executing projects. also Coast to We NGL backlog, we storage already NGL are on
currently projects and other are approximately supporting $X.X teams our ammonia, addition, hydrogen NGLs, near-term of billion LNG, pursuing products. In
and data the and resilience and reliability infrastructure distribution, to In peak support Power periods load need power including as our Infrastructure well transmission meet energy as to substation Utility system in investments the upgrades system segment, other centers. utility driving for during growth, is energy-intensive generation and and electrical demand
in LNG, leader shaving. as terminals things a positioned expertise Matrix and all related infrastructure for meeting our peak Again, in LNG have demand
X well work [ underway, ground beginning the silver facilities fourth of quarter, in while Coast, on work. LNG shaving peak we along the one the and are East ] continued in other, broken Specifically is to which we've
is $X.X infrastructure. transmission projects more and and also system systems near-term LNG including the substations, distribution and shaver well in support Power than an Utility other space team billion Our Infrastructure reliability resilience, as additional and multiple pursuing in upgrades as of and in peak
and energy continued Within segment, the transition and with industrial for hydrocarbon project infrastructure. along supporting our investment, Process is other clean Industrial traditional Facilities demand
completed repair work turnaround note thermal extended the renewable grew providing maintenance refinery embedded in client. that a vacuum new for refinery life our We on and quarter, advanced due the services another diesel we state-of-the-art And existing chamber. project through of client scope we X-year work multiyear long-standing the quality refinery contract of were Coast in An work. work and turnaround a West Of plant the awarded our to for the of on for retrofit team. on a project
natural end minerals. this and mining segment pursuing are and multiple markets, projects petrochemicals currently We $X.X near-term billion and in including gas, chemicals in in
strength $X.X our strong markets continue key across growth. at end ability the billion, to opportunity pipeline indicator and remains trend backlog our of a of Overall, long-term the
we expect to trend annual continue of As basis. greater backlog, or have X:X on we book-to-bill a previously the in at communicated, ratio our an
bid contains monthly. we We opportunity updated bidding keep this projects list, are and bid, which have will
and this to that for continue. of pipeline has of out and various we reasons, in been expect volume long-term movement be can there the While stable, opportunities
will awarded, are to opportunities the of many general, expected next awarded XX-month to In months. complete. time to be pursuing these and are bid to frame an we XX- require Once XX within projects the XX currently
this many As foundation on projects and a reminder, of contracts supporting the performed individual parts for smaller maintenance that customer activities lay MSAs our not relationships. the does capital include strong or business, our while
profitability and strong our growth our we As continue the prioritize improve, will a business. sheet support and a flow lean position of free cash balance to conversion maintaining liquidity to
a a demand projects limited and available, followed highly and environment. was competitive of Matrix of period years turning several began low that a in point, core protracted number during were our with bid the is indeed destruction energy pandemic at following with markets critical revenue a by
markets we time, capabilities that to the fit drivers. this focus our unique the present macroeconomic on company the are During end best and industrial supported by opportunities, meaningfully transformed and strong
building upward with focus Combining fiscal of trajectory execution enhancing billion costs, accelerating a noted, profitability. opportunity on a execution We And and backlog. organization a of and of growth with the reducing XXXX conversion continued revenues, a strong backlog project now is pipeline, believe the $X.X project company we with on streamlined We began $X.X billion. as backlog, the
starch said, fundamentals, scheduled our regulatory the projects. into upon which the be by visibility always today, which timing That is decision-making market the impacted of this environment trajectory operate. of business ], dependent given upward Our portfolio clients' the our on will status clear significantly and is in [ of awards they
is of XX% year-over-year these consideration of In million XXXX million, increase revenue which our for a guidance XX%. and to all factors, fiscal between $XXX $XXX represents
up our as support the for and that projects outlook the the mentioned, progress I we As through stages, early are to in continue year. ramp XXXX will
the accelerate the Given earlier. get cadence the first of renewable start will to the the as revenue should have of as the a project along operating slow we months year recognize during with noted remainder as summer impact project diesel the with recent increases. completion well profitability large The revenue expect Once quarter, estimated the activity the of we results. -- through year, year of growth associated improved the past
X into beyond. and projects revenue strong positioned improved year Considering many pipeline to and to up fiscal is the the opportunity in to for years performance operating contribute these extend company XXXX of for will
committed of quality service. of upholding safety, and growth, During are standards to period this the highest we
will advantage long-term of take our maintain balance strong to and we service quality to a will opportunities focused growth outstanding We deliver us in our strategy, stay support customers. the the sheet our allow on and see Doing so market objectives.
With to turn the that, over I'll Kevin. call
