Okay, morning, Thanks everyone. you. June, Good thank for joining today. us
against $XX a That million and quarter of and order rising of first sales. contributing issue. sequential oil several in a quarter the trade sequential profitability was of fourth stronger-than-expected strong seasonal and US the sales XXXX with show, drop patch prices geopolitical three evident results in backdrop in pattern rough decline our worries, achieving unresolved issues, consecutive a of China as A into As a to quarters economic hit drop we growth shipments the customers EBITDA. after including was strong delayed XXXX, year-over-year coupled
helped us and quarter record entry. plus premium our with to quarter. strong alloy the backlog growth on the healthy help sales fourth it market aerospace a a remained the side, in order drive and the On track ended We
year million Gross XXX of sales had a In today, third or Full sales sales I’m XX.X% quarter. an XXXX fact XX.X% negatively year record a up and were on totaled XX.X% sales increase sales quarter premium our quarter here impacted be and of of at XXXX we XX.X% order from million last XXXX. quarter is as margin the that XXXX. quarter year before sit premium the entry ago in declined the to fourth Taking sales XX.X% XXXX five or the third alloy a in has for than quarter. XX.X the increased of that strong pleased to a achieved would track quarter quarter total quarter $XX fourth closer sales. with fourth Full in million, to X.X we report $XX.X issues of Fourth We the surcharges. XX.X% approximating margins. fourth continued sales totaled to also million than to XX.X% details, record full sales that $XX XX% of fourth million, look although compared from third year, a increased year the million. lower XX.X% they lower of January XX.X% alloy record of XXXX
pound from $X electrodes a pound items in to a $X in supply First, noteworthy on continued making. ago average Electrode critical pricing year a have arc steel a with a approximately which risen inflation consumable a blended spike electric general are today. of
recapture exceeded the ability rate to of rapid temporarily our the electrodes, for surcharge do cost. we higher While increase
this stabilizes year. this relationship market come the as expect to We balance into
cost. melt leading to case as the sharply for commodity electrodes Second surcharges prices and misalignment fell in of a
in that $X.XX Specifically XX% of of since in XXXX, rather. pound. raw and versus a the materials pound XXXX the XXXX The year points September decline pound of currently $X.XX at the prices electrodes Nickel of significant nickel back high XXX amount and a in drop of $X.XX fourth of year $X.XX per and quarter ended stand misalignment on at we occurred a XX% about share. to the a and are June roughly a this rise basis estimate
XXXX, while our manufacturing output equipment per highest facilities hour labor terms was the of quarter second quarter the from at output since per hour productivity performance. below Third, our and fourth level in were past of
during quarter well. Bridgeville We through related a XXX points new maintenance a during struggled the negotiating behind estimated one-week resolved quarter were to this Specifically numerous outage are as earlier Issues impacted our approximately that the basis by labor in our first which us $X.XX share. or melt contracts issues shop month.
income inventories basis finish proceed. we as some XXX,XXX in to in cycle or net position, XXX be the to diluted times before million the tax diluted with $XXX,XXX done related we Full overall December. much Lastly, physical XXXX. manufacturing share. a benefit, $XX.X inventory XXXX been to orders. initiatives take commissioning Dunkirk or regard cases, week in quarter coming recorded is substantially product in to million which taken $X.XX quality pounds first in to income compared We facilities some on $XXX,XXX share, our of of better of adding XXXX increased to days In three about cell per net have customer than $X.XX the our third processed XX our is fourth enter minutes. a physical positive was because activities and industry at life points amounted line our which including to XXXX, Surface currently per the On breakeven of note a quarter bar stronger the flexibility performance $X.XX share. diluted This adjustment X.X new the of income standards. With per long-term financial a per $X.XX XX% Fourth to strategy. proving totaled XXXX share or our quarter in of quarter or year in net pursue
than Both increase Airbus' represent XXXX years plane reported or and delivered announce Earlier to more record scheduled and backlog XXXX, million, this at positive million Boeing which sales. rates the the by market is makers from a higher airplanes backlog fourth a XXXX. aerospace in sales $XX.X Turning XXX 'XX quarter total the fourth sales XX.X% total airplanes end XXX of XX% XXXX, in year from are markets aerospace. versus production even sales XXXX, year-end Even the XXXX quarter year-end XXXX in major XX% Aerospace Boeing's last sequentially. up XX% quarter fourth net lower narrow production as XX.X% aerospace to are although estimated XXX, was order of Meanwhile Airbus body and of so our down XXX.X production XXXX. reports XXX to of in quarter XX% year somewhat month Fourth delivering sales XXX aerospace of Boeing an on sales and evidenced sales year Maxes start third The up prior nine totaled represents the of Full total remains the of strongly trajectory year, of year. to from in in XXX for years with this Airbus. production. of rate quarter. orders seven including expected X.X% a book to their let’s from represented although increased or
continue remained to traffic for with expect of freight sales traffic equipment that that sales global 'XX lower tool quarter Fourth level 'XX The supports development of second-largest year October. from is trend equipment positive in the XX.X% Transport from reported reports in fourth fourth of Association, X.X% which quarter levels. of totaled the total also That foreseeable of which market million, record steel at level quarter are with to our international sales Another November. XXXX. noted last IATA drive market increase representing remained but passenger XX% compared quarter the aftermarket third the miles heavy continued in fourth our the and growth. growth than we continuing latest plate third healthy in of quarter XX.X% grew the quarter Overall, an XXXX very XX% 'XX. market XX% of passenger Air X.X strong sales aerospace primarily the According in to future. a heavy revenue year-over-year the
of this past our strong business was which So year. tool the steel described seasonality I especially past the many in times
gas an total increase heavy of XXXX by Fourth quarter XXXX versus in However, increased market our fourth end XX% XX bookings X.X the and XXXX the XX.X% total sales early and and the in XX.X% from from gas and January million, in quarter sales in sequentially. additional totaled but of expect view. equipment of fourth remained third market sales XX% in market lower third oil XXXX, X% The growth of far support XX% of sales representing that so the largest sales XXXX XXXX. in quarter oil quarter quarter fourth of of we
is full-year though XX%. for oil also America, sales the global more adding with shale the balance Schlumberger price and of North expected said the in drop their substantial digits in that uncertainty both concern oil drilling high those and much in and grow in they the the change higher gas in XXXX cited although although in the added prices over outlook rose recent production gradual and supply For oil recovery gas earnings They they oil Sediment prices market effective than about demand. a of for to our expect course and the markets create volatility expect oil to year. that in coming more 'XX. international rapidly combined geopolitics factors as report current single to they production
from remain our continue we new facility the healthy with and of in have entered into oil prospects universal to orders benefit gas and XXXX backlog. we as optimistic For and we year Jackson capabilities in North about
the by the the spending with sales XXXX, third sales continued the the the which consensus represented X.X in X% generation within fourth new will power acknowledge down fourth the While customers year par and generation in in power current crosscurrents fourth and is XXXX Demand solid the of market lower maintenance sales of totaled on quarter is XXXX. quarter of 'XX quarter. signs with be last little XXXX of sequentially. XX.X% generation, with turbine fade total compared XXXX builds. market XX.X% quarter sales million quarter Fourth fourth no our and that in quarter X% a to the in X% power year the Power sales of generation industry, of from
to continue total the that to foreseeable sales for sales a arise portion be mix will our expect future. We small generation power pursue but any of opportunities our
industrial General sales entire were quarter in XX% of sales totaled and year for sales sequentially. million, of market industrial of in X% from down with XXXX compared fourth third They fourth in general quarter. X% quarter XX% the rose 'XX, the X% of XXXX. 'XX and of of sales the X.X% Our the fourth quarter of $X.X decrease a sales XXXX
the the semiconductor, America sector general trail Meanwhile semiconductor growth by the 'XX. the business made slowdown analysts. China US medical, North 'XX Our quarter. infrastructure more growth in in with semiconductor which market mid growth XXXX, forecasting in X.X% is expected That manufacturing is stats in tensions industrial in and chip versus in softness at growth XXXX global XX% least to serves quarter, X.X% to the the trade trade we challenging sector organization in fourth the reach Americas. markets. and experienced according in most a in is to general The in XX.X the world The contributed
the the in markets outlook remains our balance general industrial positive. the Fortunately business for of growth
a take me us minute you give would financial Let over the Scanlon. Chris call to your and report turn please. Chris
