also Thanks, afternoon, so for we’re joining for have try the that the Q&A. complete saw more place to again that remarks across life monetization quarter important took milestones quarter. end to going today. good the our during the after us of Once our just Andy, keep everyone. I'll us solid of we of mention comments the portfolio my also I’ll Thanks performance and brief, science time investments. on one some focus And the
you'll income operating Turning adjusted it broken a we out to for along our EBITDA Slide of segment us. quarter strong very very, a for segment. with X, by was our summary began pre-tax insurance see that Overall adjusted
best it XXXX. of and was for on quarter of the QX, core one since since In a our operating HCX quarters company fact basis our subs total performing the inception best
up So through opening let me to it Q&A. before you walk it quickly
results. Global them for subs EBITDA confidence both These core validate are Turning Group adjusted to of DBM once our delivered reaffirming continue slide strong very guidance to Global, of in businesses businesses. our both and we operating again level our these full-year X, Marine and
on execute robust guidance and underway. with that key and that full-year very these and another million second the maintaining XXXX DBM DBM on in current million. First on XXXX and Based to results year-to-date for continues good DBM projects adjusted quarter its of business, all – the Global backlog at a coming remain million view had comfortable our of guidance. million $XX.X offerings, DBM to very $XX with EBITDA is $XX basis continues we quarter $XX.X diversify and our a
Rams Hence, small sized opportunities slightly backlog. the from that is on give will the the larger the size Loma and projects would transportation, and charger the that It $XXX of over downturn. margins, drift Google even in having strong Linda, Bayview medium we as charger Rams with projects. selectively this margin that from the I've million, of and pre-assembly overall a call as expect ability backlog A. pursuing as that purpose including really and first our the eye kept markets. the stadium. the $XXX in very million in the opportunity pipeline recognition, it, year capacity backlog quarter been lower. commercial us quarter, some the adjusted faster as We and nearly all L. Well, the less projects convention A. remains leisure us of been activities DBM fabrication project expectation second quarters while swing work And the we've and the us moving team forward focused in the are DBM backlog the The backlog have $XXX as of of to we XX% proportion getting backlog the Rustom During stadium really the next ability on does and whole the arrived through over reducing solid planned. million, does will driven quarter some even larger And work prevent the constraints the a this and L. very deliveries trend expansion. down outsource close as fabrication limit for through to are ended on up mentioned by protect average to intensity going of of in year $XXX few clearly something perspective project after – capacity to past has well to execution, working capacity increasing burning cylinders somewhat capital, onsite running XXX% continues revenue higher on forward, and closely larger to
to DBM plant adding bridge incremental of Keep acquisition new albeit enhance infrastructure to So continued that of a comes to incremental the foothold about it a capacity. sized in us see southeast, Utah margins. the subsidiary capabilities us lot region This in end, in offerings some the the facility market. small, as very expanding that will in commitment a completed gross of and with we that's the focuses in business in that you an and our while acquisition with quarter should market. but And fabrication the give market, key and efficiencies and clearly DBM’s one this our for see previous capacity that the some a on activity spanned U.S. cements in mind It's and operating across acquisition fabrication does smaller-to-middle projects, focus of new down [indiscernible] quite improvement there's expansion business coupled a expands the Subsequent increases as this capabilities DBM’s XX% service plant the U.S. key been Southeast of of
So we’re at region. capturing looking of in share the some that of – that market
with in quarter, as of variability the impacted discussed the results. HMN Marine associated associated Global the first and recall again delays the timing JV quarterly I you As Group large projects with
$XX for solid you and with million, increase at JV key However, the expected offshore very performance and second Huawei longest of an driven of and for end installed commencing in projects we repair million and quarter; businesses. $XX remains HMN very million Sequential of at at increase than expected telecom cable maintenance X,XXX HMN was cable I quarter will told higher by global at performance the ago a coming volume in just to second marine be Global cable well in power the solid Huawei backlog million EBITDA installation backlog previous these and by profitability once of at and installation fact very, activities milestones second over $XXX the strong strong $XXX and the over was in quarter link JV for Couple Marine's to coming very quarter. the completed sale reported included strong the Marine adjusted quarter kilometers. as at $XX that also million. the is the this year global ramp in versus to also as up, Brazil Cameroon project
transaction farm the top acquisition. major transport major and installation for inter-array project of we’re project. from Global Global energy three to XXXX, about the UK very, UK the their recently as to the was so German very leading completed companies. vessels about offshore the first that Global of wind that also the excited This was crew was CTVs, addition, activities one provider burial contract five-year inter-array our recently [indiscernible] that for reinforcing major wind provide acquired installation project position of in part a vessel since and group vessels a suppliers Fugro across awarded a the as utility utilizing In farms Symphony transport crew
area this offshore project arena. continues quarter, There's amount past and and the As a have expectations I've growth in build emphasized expand. wind are very we backlog first for high the in the of the the globally to tremendous in as
to Finally between oil coming offshore a is a of Global that bit that some to as margin some add continue while mentioned business, we range and certain wind full improvements believe this picking in expansion very, and in the where in activity of EBITDA. see. with that the space. of of gas telecom the as through will appear in involved that with opportunity And up we be now compression see in in and telecom $XX adjusted oil year I first we've And $XX Marine industry the that to energy current million and into space space did two major coming Global space. area were it's we our time Based that very international secured vessels million an is seen to it energy offshore nice with the again, past see on projects opportunity previously in the and margin a view guidance provider because as come and
that and adjusted see million energy Moving to in year ANG, you'll million the EBITDA quarter. ago versus $X on of $X reported ANG
the the of This alternative full year renewed quarter's of by impact which this quarter for XXXX. fuel first year the results was in included energy tax Congress the credit,
about of a of and in approximately business recently business team continue this very the with of take-or-pay types quarter. consumer through can't agreements to five-year As contracts company. we're Unfortunately, lock-in. and to and a secured contract marketing second the can Drew renewal indicative and very in say, but are $X.X divulge a excited result growing credit this ANG multiple this received of million the consumer fleets focus cash of name renewal, the we efforts on net that ANG and development of looking it's company we large
will transportation focus diesel fleet on Given nat sustainability to sector. the in And strong years pick-up of cost is compressed is the the that gas and a this coming national play continuing role, market in given the the steam, fuel. expensive
clearly pretty here, – gas down to costs in So with a it's and the that CNG the been up the again oil nice that diesel with pretty flat on has fuel stable thing prices and moving very side quite increases nat time for some now. in trickles see to market because
expanding PTGi, with relationships to building and Just and on focus briefly opportunities smaller global call operational seize to now there its on touch efficiencies. termination sales reach continues improving to be the on accounts
Second of the half of reflective line wholesale PTGi. PTGi results the in distance with more long the quarter are of them dividends strong and with continue from termination. performance to international nature Again, first extract we of call expectations and
capital. average along net were and partially year-to-date capital the of At was more as offset investment invested yielding that it the operations capital the is this adjusted that As is investments. the an representative we insurance in of now into showing transaction end rotation AOI. included increase $XX in adjusted by benefit income million increase tax AOI total gets Pre-tax in see the AOI that comps income higher by widely assets you'll with and higher segment, to business adjusted X residual slide pre-tax for are this we income of due used quarter which was adjusted we Both flip mainly this quarter $XX business believe also million. noise course excludes fixed operating to driven total policy with measure tax related pre-tax quarter expense by of an for and
RBC acquisition As regulatory of afternoon, we noted our we've release announce business long-term received we expect imminently Humana earnings the care as to all in insurance completion Continental General’s approvals. press the in from this of to of $XXX and billion north prior we'll CGI of invested $X.X and up have cash from total billion $XXX assets capital million. close, this transaction approximately adjusted $X.X of million Post
investment needed transactions. Mike for two this regulatory approvals and insurance very very excited LTC the entire an accretive pursued Mazur this excited acquisitions and hard that opportunities size transaction milestone remain the Myers are And event to with given that's Group, they I signaling with portfolio. this Financial everyone transaction no there LTC and about our to perspective, of the from continue similar closed, these represents as two associated American no and So very, amount business to task an Jim increasing completed small the for Humana. respect future perspective here the we clearly team Corcoran, from transaction about true choice guarantees be and and accretive diligence this close essentially Justin a that ultimately will it's parent of and our first we've has LTC team worked with not remind It’s the transactions. for with the look acquisition insurance is are of on counter-party set we to to transaction significantly the this phenomenally expand for we the This that portfolio opportunity
see I'm we as come as and it's So total mentioned position that that we us that for improvement may it a but parties, very improvement a in but ballpark adjusted capital. could I'm higher all to in or relatively adjustments million. be adjusted base very good in and conservative, phenomenal total at that what regards the total asset with be, could think or very, to see transaction to not being leave $XXX than closing and figure our want clearly it could I capital may in will high total good subject
again this will be close -- phenomenal this I a we us again think expect imminently. and for we’re to transaction So
value Johnson on as of Pharmaceutical treatment focused in portfolio on our BeneVir. Janssen Moving call, acquired billion. last oncolytic company the to discussed Pansend, $X.XX Biotech, to for & Pansend transaction of up cancer developing on in one we the a Janssen Johnson companies that immunotherapies
with of Janssen million an cash $XX million $XX closed. being During HCX $XX to escrow upfront the transaction second another $XXX which quarter, for received made months. to million of the million payment a BeneVir in held approximately XX
another we into is them not Johnson going far is not NOLs flow on believe to was this have no have quarter, detail million mentioned Without payments there And be $XXX at liability unfortunate the milestones, shareholders will believe our investment big we game a contingent again important area. transaction first million in achieving have addition, that I'll the no $X high again, in bottom. will for will we to that as feel in with the offset time Johnson’s this payments capability this BeneVir predetermined of & that upfront changer transaction In payments, believe this are total an see I payments us, reason to believers of cash additional all that to again made. capital. phenomenal certain in evaluate as for which again will any contingent And existing we'll initial contingent their our plan we BeneVir was and that's a note that due these But in we reflected. equity, We tax I'm all that million. for the It's as are to our that was time, and transaction class reason the of we and the equity problem. price $XX concerned. regards But where to
including platform, over So platform of example we months, RX coming discussions to of strategic which value the and the with value inherent with and it's months companies in demonstrate remain the hope in both MediBeacon a clear partners. the other Pansend several coming in creation
done evidenced essentially and was circling BeneVir for as the key very companies which run fantastic investments home a team up transaction on, some there job by coming early and the will working has the on a transactions time. two think of in So more that some exciting that heels us, of we've and we more exciting been for quite on be two situations
the on call. last I broadcasting mentioned onto Moving
content to our to strategy rapidly build distribution edge distribution avenue goal of largest U.S. over air and platform believe deliver product the evolving OTA distribution our media landscape Our that air platform goal over platform. us consider viewers high this ourselves an their is is We building focus technology while will end on cutting a the and and the providers the for in our create out the of positioning more we the to
satellite. this world, could stuck, of consumer right believe We advanced distribution content sizable a markets. technologically eyeballs losing building cord the platform we've XXX as that U.S. focused if XX and changes to period are additional goal cover our to away more and population. has the will a cut licenses stations over the the very one we're reach will have hence with and content to full-power changing significant marketplace, XXX the year silent distribute not currently and have with content licenses stations and it necessarily in U.S. construction on more been And the there in and permits very We're assets – These and stations This valuable we television including ultimately out consumers of the focus be involved a Class-A those pending over XX% will portfolio and a very, of very integrating more XX that on an operational production, of will short well-positioned of the entities again XX% valuable and don't distribution time. leave transactions, from U.S. in best past include very to we out you very, be providers these to we currently doing platform, XXX you over for the have part are our Spectrum and we and cohesive acquired the have certain a cable kind and think sheets, and than what fully you balance make here. distribution but technology platform with now the moved reaching closed we a ability of
obviously restructure we the focus efficiencies build cost out continue stages the infrastructure portions We increase and reductions to the we as future significant are will nonetheless and to to of early But existing see opportunities business here. in on support needed business.
and building made number that of over the this a believe have I business integrating before run on based cost can close breakeven number this number operating achieve integration as and out last we XX the a we no our a new we a a months. basis. to couldn't to And solution basis. within case the at business We've will goal reason year-to-date adjusted for rate believe are that these identified reduce get see worst of that the of quarters, are we stations. we won't out transporting we and the business, XX initiatives our very goal And all where is there. frankly is an to data, to completed really not costs levels attractive have a of no over of building at initiatives several we we annual and it core we underway targeted number that IP feel will broadcasting EBITDA transport We means of hit that we including going will the reduce portfolio -- on by be quite acquired or once again cost and today think very acquisitions to confident next such cuttings on And as we we at our breakeven reproduce acquisitions do that and by
is fully going catch robust. and to this a to this to all build built out time and see course cost revenues it's takes bit But integrated pretty of and Of be once up. platform eliminate integrate and
joins Libin. Strategy Rebecca has in to us board. formerly the about people as of just enhanced Services EVP Counsel. formerly Louis well. of and ABC and SVP Engineering joined an have in having Kurt joined experienced of of came General Rebecca her We the I’m onboard she from was – who have Hanson President Hanson very industry and have President, right from Sinclair team veteran was where right the veteran, very, industry of Vice and place Kurt veterans addition Executive and from Support. with President as management And technology Louis Systems through she Vice course Sinclair where we and that Policy. us, And excited he on well-respected
you as Levi have of Les So course industry know, and an most onboard we veteran as of well.
very and quality So this out been comfortable team feel we're making. with progress have that people, people, out, building but we in and it building the confident the very we right
sold we and its And earnings this mind we equity name pending HCX in and the noted note investors. equity HCX a and are be will of debt was at Group million. to proceeds some purposes. net from our subsidiaries certain two pre-money in institutional financing for afternoon, broadcasting of million of to equity of release future LPTV this. broadcasting capital acquisitions and as and Station future Holdings It's on broadcasting important press broadcasting $XXX value keep that a used and of a HCX in Finally, acquisitions the piece financing working for a from working HCX the This small obtained $XX and some HCX distribution
hood. believing after building looking under third again clearly in here the parties that So value are
off to start. we're good a So very
– partner it a not astute we able mention to -- time. to a this have it this good closed are excited, very in industry very We veterans point we're have even investors. and investor not very at have But and in they choose though
continue So third we're some us have to what capital coming party and doing. coming to we're excited some capital to very doing in excited onboard about them in, allow
capital global our XXXX remain recently several top and closed to and of order of couple on Turning a this I on view within And priorities X, discussed including this updates number absolutely financing the XX% BeneVir we this in including additional -- look a the in months. throughout regarding we call transaction short-term as discussed priorities, of one number engaged in meaningful key most lower. portfolio. our subsidiary to broadcasting and slide of made debt over this monetization I've sharing we other initiatives cost as actively as certainly just initiatives the of and short fronts forward of are the focused getting a today's next progress reify this our
with good that, for this and –with that developments very of with somebody was entity are broadcasting and good our to partners equity again Pansend as finance level thank it again down to broadcasting the give at operating Lot So we is to million us. joining both thing us see is quarter good that broadcasting, from and parent us want at keep very equity no to you that There continue down to guarantees and very, that grow. for to there for $XXX financing mind call, good the the the and get at they financing OpCo level. very a are in this in objective step
So up with that, let's for open it Q&A. some
