Thank you, and morning, everyone. good Tracy
to continuing the our the over million over my prior operations. If third you $XX we'll begin was up second our for just my $X.X and turn review and be or period year from six, comments $XX or quarter. XX% million sequential the improving I'll XX% Revenue performance on of slide quarter million focusing quarter
As continues we the $X.X you can of X accounted at see in for X bridge, build, the revenue performing scope Vogtle and which growth. million are revenue of the work Units to
contributed which had million new work to also We decommissioning growth. the $X
been decommissioning in $XX.X done space revenue. Tracy we have As year year-to-date services mentioned, and the providing have million only last in of QX since
to The of Vogtle at up projects to the increases of we in revenue months period. decommissioning this timing increase project. expect Units decrease increase generate September due million to do prior expect at over much million the of primary the outage. we for drivers fourth While were million to and the XX, Revenue the offset Those the to timing continue million Plant X $X.X $XX.X was and from customers' from nuclear year nine build, construction substantially ended XXXX were related $XX.X to X the not activity related increase decommissioning $XX by quarter.
and million four last non-recurring to $X.X We less completed million revenue XXXX price substantially damages we in revenue release contracts fixed liability. also the benefit as liquidated of of contingent year $XX.X had the had
reported margin you If a of gross you XX%. see look at slide about seven, can
The revenue related prior which quarter the billings was recognized impact under was filled However, the matters, on the of completion accounting estimated the profit. our of and additional three recognized of XXXX of any related directly year effectively termination, with recognized of was associated to without of the At of losses $X.X gross no million those To revenue recognized. early contract, million the the related lost gross the was amount $X.X percentage XXXX. the and of difference earned there first termination methodology in cost. of in quarter between through cost-to-cost complicate timing contracts profit the contracts actually to cumulative revenue contractually
be expectation. revenue So, year's early The a margin this mid-teen's of benefit the XX.X% as XX.X% with excluding our mix. on points down margin of gross fixed project in normalized we XX in would XX% just the result which of margin range our execute to the the as in in always quarter gross second is and trailing termination, looking we with well was expect was price overall to basis but XX% project can we Gross execution the and the business mix line of if at profit opportunities percentage related contracts. peak quarter to
over losses substantially associated due million For completed months with $XX.X million which of year primarily year's contracts in price recognition in three to profit XXXX, the $XX.X non-recurring gross first fixed prior were the of increased XXXX. nine last
mix. period same XX.X% the first expenses. the XXXX better margin be improved at result in execution to a If of would As to operating the would let's a last margin X% a for Gross turn compared normalized improved On year basis, result. and project our slide you nine eight, look of with now months as XX.X% year-to-date
mentioned. Our charges million core exclude had operating expenses $X.X Tracy of that the restructuring
revenue revenue quarter year decreased costs, down $X.X of administrative quarter. of XX.X% million in prior the expenses expenses million General operating Excluding from XX.X% the for those $X.X period. prior down were year or the and $X.X from to million
goal mentioned, to to to down of expenses get our As is Tracy X% revenue. G&A X%
the restructuring staffing closure nine, into September, of end with severance cost charges operations are overhead we single eliminated Dallas million $X.X million severance. our Through slide with of a to in in $X.X included the Moving at in associated associated business. directly restructuring cost and operating of annual a have cost our
cost which additional an We extract in year, $XXX,XXX expect in savings. of will to overhead quarter of another $X.X severance the incur the million last annual
cost We but the to XXXX. full G&A, see have begin not of in them those seen in impact we'll yet reductions
in Slide and we losses periods. quarter those the the Operating discontinue for related the was $XXX,XXX. shows of restructuring nine-month year, to including XX million quarter For expect the million, cost for operation. income $XX $XX total are to range operating
$X.X GAAP mentioned, the improvement net the in operating continuing have XXXX several loss year over operating slide quarters. the decreased million the period that quarter operating would reported Tracy profit exclude with first in this million, expenses. of current show years $X.X have Year-to-date quarter $XX.X $XX.X in a On of the operating for costs third gross is in period. the a year-to-date we Further, compared with income. last million, operations prior $X.X if quarter decrease income we restructuring million result as from the along loss been and XX, you increase year As million the significant
making able progress can are both you income. into on territory net Adjusted basis. a turned journey positive we year-to-date towards being quarterly As and in see, our report EBITDA to
the performance not financial acceptable trending still Our in right is direction.
broke I'll our first of even on we've made In progress XX, the position slide to recapitalizing nine you turn operations you'll the XXXX update months on of and sheet. our usage cash the If continuing cash. on balance
a However, was end as of million of September, at were June. discontinued After growth the of used the period. in At the from million of $X.X our of portion also end at end million cash the and $X.X execution had $X.X to release cash $X.X million of cash quarter, Restricted of million letters released the the of cash equivalents during operations restricted revolver at from and result $X of of October, our additional credit of at was June the us. down million the end the which cash $X.X collateralized planned. down
XXXX previous closing, we September with at our from this new a the to maturing April the refinanced $XX of rate plus or floor XX.X% reduced X.X%. $XX XX.X%. million XX% Tracy XXXX secured noted, of in successfully to variable million LIBOR term maturing time At loan senior loan in LIBOR As
up million revolver Now This $XX floor October, three-year secured significance, that borrowing of of accounts And receivable certain of of LIBOR reserve. credit. XX% XX% of collateralized $X provides revolver in plus ability customary after estimated letters eligible particular with and in against were X%. million exclusions X%, us LIBOR earnings non-cash of to eligible and with billings, and excess costs we allows
growth initiatives. term in reduced you. structure. more in corporate fully can with on our With place the significantly Tracy, combined cost back loan We and to now revolver our focus the refinanced now
