We joining for hold, the review quarter, us results start our you first quarter Thank economic the we discuss everyone. Hello, a took and in but our global a XXXX. deterioration environment. saw to to this Mike. pandemic Thanks had morning strong for general the outlook as first business
our to few economy. getting update response our I'd operating to into led Europe QX and North on take The and performance, Asia of change America incredible a of our to minutes you COVID like to details the COVID-XX. the to rapid to spread then global Before an from operational environment in
pandemic. industry everyone life-sustaining continue been to like goods the environment customers this partners, We, critical other adapted then many to available who are around a our provide serving by have employees we infrastructure else, worked world. for operations ways Like first people our work affected in and to our making safe
duties who essential all through help are of get for workers the We to grateful pandemic. this us to perform their continue
you Specifically, the I'm challenging have employees done who have performed of and exceptionally you for grateful all work do. extremely for our committed under Thank X,XXX you and circumstances. continue resilient well to workforce
am pleased had tested report person only COVID recovered. to has now have employee and I We for one that positive who has virus,
any around locations other our of operational. the XX world have tested fully the no of and in all for today, of As positive employees manufacturing our are virus, locations
in us our manufacturing gave footing strong outbreak, and regions. prepare Our allowing facilities this China insight other us better in chains to an early of supply
other customers of only their and needs to We continue the employees protect to business to safety but our our families and health meet of not partners. precautions continue to take the and also
experienced a for surge have and products. Most their customers of our our customers demand their operations and food processing many tissue continued of packaging, in have
as consumables other customers' our critical keep and parts provide supply to emergency machines running. to continued have as We well services
in playing through the during very the are this of period. our difficult we are communities world proud time get help role We this to
As may for that minimal. this potential material us. supply part contact disruptions time, shortages At chain of key regular or assess be disruptions our affect will routinely with we we suppliers, our believe any
with quickly on materials feedback ensure We we to lead-times we and needs. procured customers internal can Based are respond this customers' longer challenge. components our from our to and meeting additional raw KPIs, our
As for from and a may view. company brands long-term this XXX years, over potential going that pandemic. with are we the market-leading back result take shifts We businesses long well we believe socioeconomic well-positioned
have reopen is solid. this sheet around expect balance been and our in Our this economies of begin will healthy continue Mike in world. and flows to detail the always strength more discuss a Strong remains position remarks. we will liquidity cash Kadant, as his
financial quarter customers' We and in COVID. compared service forecasted projects work requests performance to impacted first experienced but and as our set to XXXX. delay in as declines was revenue to bookings of came due record Our in expected QX the by
a the end was ratio at backlog solid X.X quarter, million $XXX at book-to-bill QX. Our of first and solid remains in the our
of continues be revenue stability made percentage year XX% the revenue, & total is reflected cash strategic & Consumables and to initiative, prior in our business Parts up same Consumables key of Growth strong stream is the in Parts Our revenue this our flows. a as period. which relative the
and with the little customers postponed been that will stoppage belief our repairs, repairs travel proceed. It's no capacity as restrictions or that our maintenance of been ease, have early running Many upgrades or at have maintenance. since near-XXX% for March
our in the Our by also related settlement and was first the terminated cash annual was quarter, program, year associated pension is our from flow costs incentive operation benefit payments typically of with of impacted plan this by which to impacted program. recently $X ending the supplemental million
of was in business the end the global the financial towards the of deterioration our quarter. quarter first progressive good conditions despite Overall, performance
new like reportable operating on week. segments Next, our I to we last would that announced comment
and and have last broader the from pulp seen grown significantly Over business heavy markets. a to -- several transition in grown a years, our paper concentration industrial we
and made certain to acquisitions our markets and industries been This product shift process we organic we initiatives aggressive as growth portfolio strategic has pursued expand serve. into the
Material focus to our segments communicating strategic Processing, Control, Handling. operating three our and our new reflect Flow in aid are and to realigned and segments strategy story. The growth Industrial better We
Control and Flow our our DCF in served. includes terms handling diverse of segment lines and industries most fluid is product The
While packaging, also food sectors. its key of are variety and metals, general we industry in active tissue, markets include a
million had penetration, in in segment opportunities, entry approximately has operating and market This and market XXXX $XXX new it revenue numerous acquisitions. growth be
fuels. a and include end to packaging, recycled million Industrial approximately Processes plants preparation base linked stock of OSB segment and installed tissue, industry revenue includes most in virgin alternative operating large wood had segment products, our closely paper This $XXX segment forest lines. markets Its processing is wood XXXX. with primary the products mills, sawmills. and This in product and
recycling, where operating and had Control screening, waste Then our This bulk handling segment segment segment material the and and products. third in fiber-based the of commercial sectors, revenue diverse segment This others Flow processing, food includes discrete is is a serves approximately our set including management and agriculture, Handling pharma, industrial Material XXXX. aggregates, Like mining, required. segment, of Material conveying, million $XXX Handling. billing
as Slide eight three by segments. shown reporting reported here based and illustrates our new XXXX recast revenue product the on as line
XX%, Control and of respectively. Material You made Processing see total and made Industrial while Flow XX% up Handling one-third revenue, approximately up can
and our We leaders community believe serve the performance communicate our we this and seek will investment as and simplified across business segmentation better growth our clearly to business. streamlined initiatives strategic
review our segments, like Control introduction I'd With begin with to QX new our our operating Flow of segment. that business
on $XX shown revenue decline nine, segment slide to Control As our quarter a in of saw Flow first X% million.
project our While and capital pressure quarter, outbreak and execution on aftermarket made total due customer-requested the work performance. delays revenue revenue in demand parts in to COVID downward was for solid of up XX% service put
other in designated million, improvement access. limited and EBITDA critical operations this enhanced saw customers safety segment are supplier EBITDA the as protocols and industry adjusted margin hand, serve manufacturers X% to XX%. in continued and increased to On we Most $XX have a their we with nice
the from but Capital of through project early seeing the are the part we in QX, activity move seen pace projects still pipeline. slowed
ahead, be stable be parts capital to to our side business expect continue operate. and Looking the expect we service but soft project to on customers as relatively QX
QX, protracted in in Processing Our steady bookings quarter. China shutdowns the Industrial negatively with during revenue impacting faced segment and headwinds
experienced for products wood the addition, capital XXXX. in record and for for In makes in equipment processing we comparisons our XXXX historical tough also demand XXXX
result, to million $XX in and segment a this were XX% revenue bookings XX%. was in down down QX As
in Our Consumables & Parts first quarter. up bookings XX% the were bookings total of solid and made
manufacturers, While activity a delays in as forward, expecting project are some result of packaging are in infrastructure of particular, seeing tissue our our capital moving surge and all and the is in designated we a critical demand. and as timing Nearly customers are customers, COVID-XX. uncertainty
Turning Handling now segment. our to Material
mining by underground applications. million. increased were revenue and at an conveying all-time used in systems income various was slightly, down high This bookings for demand driven were of $XX While
Adjusted XX% margin to to down under for the million, EBITDA was declined modestly our X% and EBITDA $X quarter. just adjusted
market its increased segment we believe ahead, Looking aggregates spending. if in has there's upside this an infrastructure an and potential
addition, in are In products orders. homeowners and stronger seeing garden lawn fiber-based used our under evidence we as are demand some stay-at-home products more for of
continue our have to unknowns, our unprecedented to for six last will ability there customers. confident the navigate proven times, extremely be we we be weeks remain to While to many challenging and with these manage in through
the As the speed we and limit ahead environment the and timing visibility forecast to orders uncertainty the look of to of XXXX, QX remainder accurately of evolving recovery. and our rapidly the economic
full for guidance year quarter cash and for not generation XXXX. had decided long resilience. Kadant and withdrawing have we the flow a guidance history Therefore, and are our provide has second of strong tested to
strategic to continue and future. will initiatives We positioned focus on well are in our the
QX Mike? over call our pass like I'd to Mike the now. review performance for a of to
