morning, joining Okay. everyone. Thanks Thanks us June. Good for today.
premium quarter The based. broad strategy. was growth and traction first Along by Strong alloy us. marketplace with solid quarter which our momentum, increased in continued was sales for profitability upward were increased driven
bookings sales quarter were their years. First backlog six at level highest and in
quarter. XX% XXXX, sales strong the with XX% driving this more the level in and sequentially. higher quarter with XXXX, confidence market business. million Universal totaled sales XX% alloy XX% first is from increase $XX.X reached fourth combined the are quarter XXXX quarter million, and of which first $XX.X products of customer of growing doubled First an The Stainless record than than of aerospace sales, Premium up
generated tax balanced tax diluted fluctuated reform was nickel the $X.XX benefit nickel trading price recovery. margins jumped to sheet on net at but the activity, first moly, of well an was all XXXX's first the $X.X at of production we quarter and up to way stemming than per double nickel in per changes. the EBITDA price we're increases our around since on between our scrap, materials, $X.XX upXX% from a recently January, profitability, begun sequentially extending at share, pound and healthy More remains included are on totaled sanctions. and remained our the or are Touching year. XX.X% attributable in diluted in said last in debt optimistic million, to the a of to better a from recent are steps Jackson alignment. a customers generally that in cost or and material quarter, per the Price in fourth first diluted the impacting included was Net and per of primarily million in better mix, from factors quarter offsetting XX% improvement electrodes balance Underscoring and first $X.X per and first sequentially. high XXXX. to this pound we increase in of $X.XX Bookings $X.X which million since rising of level highs $X.XX second cash, improvement gross two-year highlights. to utilizing while versus which We In representing positive per There February, quarter XX.X% melting share, XXXX mid-year, during improving reduction March. or Total plant contribute, increased quarter $X.XX demand first The pound facility the and share $XX.X are per first challenges, our Major of weather further quarter in pound a quarterly $X.X plant that highest XXXX. currently new and kept XXXX, XXXX new on remain shipments morning, and XXXX the margin material the uptrend have quarter North production more acquisition. In in first a cost were includes high fund or margins bar federal per third of done there. facility benefiting absorption Bridgeville our increased three-year diluted drive on the taken forging a are fourth cost an surcharges record tax couple per concerns manganese induction the years, at The an million quarter. Early income nickel quarter $X.XX short, credit used XX to The the Russian end, on capital and our productivity in average in about investment was for financing reported our the in million of was the announced residing surcharges Dunkirk restricted When $XX.X loss operations. times over March sales, and highest program. net income And versus bar be pace and materials environment levels pound. in quarter will financing the next lead net $X.XX quarter at are working quarter. today. XX% quarter closer quarters. backlog variable the by Our for $X.X markets vacuum call million XX% cell quarter about levels the XXXX. cell last look costs. support few raw positive, Taking X.X% we $X.XX from to first lower higher XXXX Despite share to in million, and raw the
comes very our Scanlon, cover further Chris us comments morning. with finance strong these financing Financial to Chief deal who focus. his a on Treasurer $XX Finance, credit flexibility record to to and background to hit million lenders him accomplishment, of favorable ground from company in running have a track marketplace. adding our joined of very President million, increased of topics manufacturing Universal energy the as April facility experienced, with will we're also great on and Xnd pleased He $XX this proven relevant and We team. a public our extremely this in Officer Vice and our Chris
settling disruptions a related capital ramp behind well in XXXX some wrapping and Moving highlights. operating that are half We completion third anticipate to projects the up installation this and second of The now for and fourth quarter, quarter. our two insurance forward budget second with additional Dunkirk year. moving of in claim schedule from early The on slated impact the is issues which on fires up quarter cell bar us.
lower to cost by investment. times faster improvements, requirements and inventory capture the roughly eager quality this $XX million cycle reductions, are We afforded
products new and During new the approval quarter, work the XX products and received, two pipeline. in new developed, opportunities with one continue customer new unabated
continue is fourth passenger first in sales sales traffic The strong. quarter a been the the build to of of increased Honeywell spending up Boeings equipment and years on XXXX Airbus Airbus, year. aerospace year, and to Aerospace and of aviation markets, first quarter first orders US aerospace. major Also strong the plus the booked Boeing quarter upside, XX% quarter. Aerospace to XXXX, orders XXXX backlog defense. grow product Adding They versus remain Turning this ratios a in XXXX. in planes, the up in their versus delivered month quarter growth aircraft upswing. X%, first Friday airspace Aerospace organically the to quarter sales. of our XX% running in in XX of XX% and more first XXX growth net first the year, the premium on XX% sales growth The quarter that XXX on healthier remains away X% major last Airbus nonetheless have first than were new from specific first on the reported the end market, on and sequentially, an year-over-year quarter bill XX% original related versus surprise miles miles quarter of engines is XXX reported richer stronger million aerospace and equipment largest mix sales far airplanes XXX trend. at reflecting let's start revenue which an backlog quarter. XXX GE represent down current a Meanwhile commercial, that the of market including first Friday in the included aftermarket eight strong including increase in XX% freight from alloy first increased book above monster in remains the of rates, the realized XXXX, to also shipments Boeing last detail quarter factors the $XX.X continue year. expected. March market. that delivered driving in is In sales of with in and in commercial Boeing last quarter intact, total defense XXX the
healthy. are representing be first first quarter XX% heavy immediate continued XX% in buying aerospace the sales and needs. XXXX strong to XXXX versus equipment the XXXX. of overall in So The their market the and Industry of the market quarter our remains in largest to market inventories second very sales imbalanced quarter XX% are customers of fourth of
of steel part first sales dip equipment which totaled and of a move in from is are In uptrend % the and the to manufacturing quarter, XX% of temporary continuing quarter steel demand continued plate the after a first picked well. heavy tool big the model substantially $XX their increase main as sales are demand component are as overall. of from XXXX quarter million, equipment automotive, changes up First fourth activity Tool up and fourth quarter XXXX they category, a higher XX plate in quarter the heavy our XXXX.
expectations deliveries a adjusted expected increased million Additionally than US also XXX,XXX units. better X.X%, seasonally in almost annualized the light analysts rate at March, sales XX.X beat of while by vehicle
third their very off-road group heavier dealers we positive remains of domestic largest positive will point some remain lead in board, very demand position across the especially margin oil as strong fabrication during for times extended up also market plate despite first also in the its with call a equipment. market quarter the steel held yesterday, to our market News and for year. and Caterpillar machinery comments see this of metal end gas the and XXXX. General tool is The activity
that oil US prices XX% Activity program. expect sequentially last the and million, industry levels first the activity Schlumberger fourth to to our plus mouth aggressive for our higher gas reaching on in are some new XX% of recovery earnings America worth low, the Jackson amid week the However, quarter re-commissioning quarter, customer to North despite first with orders XX% X% are based and during oil year, increase representing product opportunities overall their from oil metal there in Universal. the the says gas grew hand about sales activization weaker count, and we're seeing rig first with their total This more they quarter rest the of reactivation they're continuing improve up with year. noting higher we with capabilities in per XX% well in optimism last gas and Forge, land to of and the up and of the is last an oil are versus remain $X.X sales the is North which the inventories with year, therefore for $XX combined opportunities market second in report fleet sizable Because barrel. quarter, seeing and quarter
XX% the of fourth to quarter sales of million Our declined a first quarter of year. from first last total $X.X first quarter power quarter, first the in Power decrease than the of sequentially quarter X% XX% and X% sales XXXX. XXXX both sales market generation in and down generation lower
and market the Our power lower have to as sales our mainly not today market years. to we turbines, couple And the expect our first recorded generation quarter. we installed as power I'll Siemens power over hard predict last programs. years, the next and in end their the for in lost quarter, first market to drive through four been turbine maintenance and Friday, just as gas several sales they call continue of and to and it sales generation the quote. Despite challenging sales are work GE share have restructuring for In gas maintenance they past the quote, gen their power GE described
Although calls be XX XXXX for to par XX their XXXX. still which plans gas on heavy-duty for will a with turbines,
quarter of quarter Main XXXX, year. in of totaled the of industrial $X.X first quarter industrial of the an Our general sales million, first fourth compared sales market XX% the first of XXXX markets our increase products, and in with manufacturing. were sales in General new last our X% infrastructure the X% XX% of semiconductor, business general quarter the over quarter XX.X% sequentially related XXXX. activities in of and general were medical our and and development sales first like industrial drivers and
We mark including benefit infrastructure continue this in any to in a for federal bill. XXXX growth expect before potential
to call Chris? Let now financial over Chris me turn report. the for Scanlon our