you, and Tony today. participating on everyone to morning the good Thank call
this the via accessing now webcast slide presentation are we those on X. For
supplement opening of Over I five quarter EMCOR results as commentary on synopsis through next performance slides, year-to-date Tony’s will our a second the as June well XX. provide
the earnings is earlier Exchange announcement both Our derived referenced financial this and filed release Commission information morning. Securities in our statements Form included financial from consolidated and with XX-Q our
$XX.X Consolidated the that period year's U.S. over Incremental Building acquired EMCOR our XXXX. Construction U.S. last such and were quarter our not pertaining of performance. So or let's segments. X.X% owned revenues our Mechanical $XX.X revenues revisit million businesses million to of quarter time Services positively impacted billion two to second businesses and of up quarter are second $X.XX by attributable
$X.X of million X.X% market due sectors which was Excluding million Construction was million infrastructure partially by to revenues two completion of million primarily $XXX.X decreased the XXXX. impact commercial projects of market $XXX.X the U.S. revenues the within during Construction increased or revenues and acquired project offset substantial of or organically. activity $XX.X U.S. or or businesses Electrical revenue X.X%. Mechanical quarter sector X.X% $XX.X second driven from million completion by institutional within increased large quarter growth Quarterly revenue the several decline XXXX. transportation
revenue million organically. million, consecutive EMCOR's performance in X.X% of minor million projects or growth million of obligations. the segment and especially total domestic X.X%. within unsatisfied or of Services of and segment’s remaining $XXX sequential of this increased Building completion million light second Coming or $XX.X off numerous quarter large-scale quarterly increased quarter revenues XXXX, billion $XX.X $XX.X revenues approximately of $XX.X U.S. revenues their concerning, X.X%. this construction business in contraction XX not revenues within $X.XX of quarters acquisition X.X% this growth the Excluding revenue is declined
Excluding and occurred the partially acquisition within increased revenues which division, attrition segment's million, by maintenance within in and due revenue commercial government were declines division gains late energy Revenue XXXX $X.X in Mechanical offset to X.X%. of site-based XXXX. services the site-based contract Services, revenues organically this
demand revenues $XX.X segment offerings or due the as to result Tony is remainder service projects $XXX.X fewer of As as of against decreased scheduled strong they quarter. Services to to XXXX of XXXX. the progressed field service activities, million continue robust compared it will turnaround Industrial XX.X% a mentioned, as and this complement throughout lower demand project million U.S. that experiencing second
new mentioned, period-over-period segment’s revenue gains the of As to to quarter a seasonality volume also of Tony lowest project of to was as contract operations revenues This due due million $X.X offset shop revenues Services Building increased the or the activities. field business, demand. segment’s the foreign of Kingdom inclusive segment. United partially second as and generally services activities this quarterly of of and by revenue reduction favorable increased within capital XX.X% due $XX.X reminder as awards is million operating increased small this represents the currency continuing movement services impact for This quarter-over-quarter. million increased well $XXX.X service
SG&A current year's employment of is support our Selling, For as general quarter XXX two Construction as expectations well of which represent increased results to was our approximately reflect quarter Slide $X.X compensation of expense Topic new X Services remind Building our the the the quarter on asset of of inclusive businesses this revenue January profitability. completeness, adoption million Standards Clarification primarily is resulting of last due year-over-year as to organic to was sake that costs increased amortization from million on impact two revenues incremental the statement intangible of approximately acquired my organic revenue Accounting of year, our organic everybody, for $X.X in specifically quarter The turn headcount includes of million standard, our in X.X% X. revenues by This from of quarter of necessitated million. XXXX. an and the increase and growth a quarter-over-quarter revenues incentive expenses it immaterial. second higher an operating higher increase relates for and Please segments accounting result to and the to $XXX.X as administrative increase recognition $X.X
recognized have due to information the and legal we activities. higher Additionally, expenses technology discrete quarter-over-quarter
is second represents a marginally XXXX the from X.X% quarter one quarter. as and for Our million quarter compares of revenues up and X.X% quarter. operating or $XX.X Reported XXXX’s SG&A revenue $XX.X to XX second down basis income sequentially points in million of of percentage from
percentage of additionally million operating $XX.X or leverage the Construction revenues million this an segment sectors, Services a and quarter basis from margin operating market manufacturing, overhead improved Electrical hospitality reduction within profit as quarter. quarter. income points XXXX’s is gross XX of $X.X Our segments projects million or XXXX due The X.X%, the income million which higher comparable second Services Construction the operating from quarterly increase operating than from to increased segment's $XX XX% is in quarter. Reported Mechanical of X.X% quarter-over-quarter. segment of increased $X.X last year's in income U.S. increase U.S. a a commercial SG&A their benefited second represents XXXX's with from
increase improvement quarter-over-quarter previously operating $XX.X quarter to margin XXXX’s from This that improved XX Quarterly of certain recovery is points manufacturing, gross in costs an from basis well increased incurred million this related segment’s acquired in contract profit as the The hospitality benefiting activity were despite in is second operating from of contribution period-over-period. XXXX disputed. project and commercial business profit XXXX. due income the as gross to
government Our improvement compared total as ended operating in from a is a quarter, combined second year's represents just year's for Business X.X% while reporting to X.X% million increased of second $X.X Construction operating margin U.S. $XX.X awards Operating million Building services last activity. division income to income U.S. to their Services for by increased X.X% improvement last quarter. the of quarter operating division XX energy profitability in basis and due new their quarterly reported points. The margin operating due due to project within increased contract and margin is services is
removal second the site-based activities commercial that snow occurred their from calendar within division Additionally, some benefited quarter. late-season
represents segment. a a through fixed turnaround U.S. half through to evidence revenues structure of from impacted $X.X more profit of continue light Our is this first decrease conversion This their Services has heavily XXXX of operating contraction Industrial the income by second which $X.X schedule of approximately activities cost of due weighted the significant which the revenue XXXX’s as to million quarter. million X.X% segment of fight
X.X% Building the capital second current quarter continues a to Services tends quarter improving which of which focused XXXX’s exception quarter Additionally, $X.X second and their segment of is work represents results profitability margin. XX profile than activities. service executed the and no of traditional have report million, and revenues basis $X.X compared to the million, project by more lower was when income operating U.K. higher with points operating of ended year was The during the to
along improvements. service and news increased capital Continued reasons the quarterly were for awards contract project with small activity the
revenues gross addressed not from X, quarter XX of represents $XXX.X $XX.X the quarter million or comparable on key has XXXX Slide of the as improved points for two on the data profit now margin. are XX.X% We financial additional by previous quarter gross which and slides follows; basis of million discussed
our to profit is improved This of with the reflect diminish basis of share diluted mix. continuing impairment We in the would been share Industrial loss segments across XXXX’s continuing noncash charge due XXXX’s loss, eventually an This U.S. for operations XX% margin our or revenues and impairment EPS. XXXX which most a increase. compares which flat improvement related is Building as almost accelerated quarter quarterly of asset’s recognized all second of life into to of future majority finite quarter within Services add-back per segment identifiable the our and $X.XX had Restructuring quarter an continued represents was XX, and have two in an a to the segment. recent Services from and this increased higher a earnings On increase within result related $X.XX asset value during reported an impairment acquired adjusted trade name intangible June the ended our from from non-GAAP the represents to activities. costs $XXX,XXX gross reportable common Diluted trade gross and amortization $X.XX $X.XX expense activities name XXXX. per of of earnings quarter operations XX.X% resulting
items. by is rate was quarter for and certain second tax discrete favorably Our the XX.X% impacted
full clarity more Federal and the Government I As as events, Jobs of and taxing modified. and discrete Federal maybe XXXX federal extent, either a the I between state they for range the authorities XXXX, taxing to reviews unanticipated for analyze the remainder To experience tax XX%. narrowing hope the to the various XX.X% continue state Tax from we year look I’m authorities Cuts still forward or to Act. range tax rate modify this be my or
quarter on way. out XX, Slide the with now are We of the
of improvements or with of represents year-over-year year-to-date XX.X% U.S. X.X%. gross margin XX and a in over Construction, margin or turn Let’s X.X% points increase revenue Good Revenues gross our six basis to Services improvement million each segment. general is decline by in U.S. an the period. in XXXX Building profit million the XXXX’s XXXX. prior amongst first my growth represent attention segments Consistent revenue administrative of each U.S strong being within gross U.S. revenue and in as period and by Construction, of to year our commentary, months. compared X.X% expenses now million Services Building segment. by Building U.K. $XXX.X industrial to decline Industrial our of U.S. $X.XX million is $XXX XXXX. X.X% $XX.X compared the Year-to-date revenues profit of Services million as gross our our Building was representative billion Selling, segments muted softened $XXX.X revenues and billion in Services or of of $X.XX the XX% services than year-over-year U.K. $XX.X represent greater of
a on is represents operating sequentially a points. million basis revenues $X.X down percentage performance. XXXX’s year-to-date million and Year-to-date one of basis quarter over from by SG&A increase as a XX is income year-to-date Our $XXX.X
basis our $X.XX earnings Mechanical ended performance adjusted impacted compared from Our U.S. $X.XX the for experience year-to-date noncash periods. corresponding points recovery six to returns, operating our basis operations million of share is flat earnings half margin Diluted XXXX XXXX’s year-over-year within operation non-GAAP project intangible asset per from $X.XX loss, X.X% had despite consistent XX XXXX segment we XXXX the XXXX’s certain contract resulting an as which loss, and per is add-back headwinds in favorable consolidated of year-over-year. which the XXXX disputed common share an our of and currently reflect Industrial in XX operating and $XX.X been completed highlighted in improvement given continuing is months continuing a June represents to on to impairment XX.X% $X.XX the with Construction within all diluted have margin impact previously the strong On the previously segment margin year-to-date U.S. would from the quite in which operating of optics is Services year XXXX’s compares performance, of a period.
on XXXX XX, strong variations now remains are XX sheet June from or of as balance EMCOR’s Slide XX, We December at note follows.
$X.X six XXXX under year quarterly the amortization was debt offset assets million million the reduced name balance end of this our term approximately with were assets during in of this connection the for first $XXX.X $XX.X period the of our still are The months have to start Our to million trade which end in mandatory cash during somewhat will costs is balance result Despite of of cash to our Working reduction Identifiable reduced and related expense year-to-date of our in slow paid which is principle have operations year. year. to year growth, year-to-date. generate Total from due six increased flow as of acquired stock, or partially $XXX,XXX repurchase XXXX, due accounts acquisition during issuance million during decreased impairmen, and $X.X acquisitions time the growth of debt approximate debt a quarter used from balance cash the the goodwill second first XXXX, assets that the revenue both income approximately has in to the months of our by flows contract levels continued offset operating intangible revenue primarily common repayments of changes to expectations year. for acquired this due by payments during year. on capital the impact million of of our cash $XX.X facilitated of and amortization impact intangible net growth. loan reflect been estimated the our receivable businesses the
of position execute in a continue my currently all enhancing to call objectives strong outstanding all to debt prepared ratio concluded. Tony? the company our we remain to capitalization As of strategic With to of and result against look to our We return a for forward our Tony. borrowings, I stakeholders. we have a our XX.X%. of commentary will
