wrap the pandemic Kelly Monica. update up wins. turn detailed Youngblood, well your progress thank including against XXXX highlights, CFO, I our results. recently our provide COVID-XX contract objectives, over financial strategic company's some interest then as us to Good for with initiative, and an the will morning you the as of our call Global. continued for a and announced I'll you, MRC second and of response, review quarter joining customer our today e-commerce for in Today, Thank I'll
start caused First, response. let update our COVID-XX the and me the an with on disruption pandemic by global
you charges reduction our intangibles, and goodwill pandemic closures also completions. an with and upstream, current quarter and which this associated aware, deterioration inventory related along The related took reduced measures was customer charge As market pretax restructuring are of and decline the results, our and Consequently, spending particularly in in for created a oil impairment uncertainty to write-downs. and for have mitigation million followed the significant gas. we severely evident well severance, in demand $XXX facility demand
However, our end-market diversity proved to be a mitigating factor.
to continue for as position uncertainty optimize continues disruption, duration significant take cost better to the there the be While the to measures to this proactively our and company recovery. aggressive ultimate structure of we
corporate whose various about have workforce, safety jobs for safe a designated remote employees, and provider, had including of measures for working of total critical any closures provide it, the essential no exposure implemented nearly system employees. order limit In we our of including global a working a facilities. energy fortunately, to are environment, and those We to XX% infrastructure and supplier covers our which have permit our all
to slowly our the number to working quarter, return back we facilities. in This to decline, employees began phasing cases as virus of began
stopped or return-to-work rolled zones certain hot plans. as have appeared and restrictions in our were new we states, put However, in place back slowed,
facilities. to real with moving permit some We in status, by employees body to allowing require changes We respect us certain daily also checks to work-from-home before and entering facilities. a our our locations made estate our have office temperature footprint downsize
equipment our as to We are the at stagger social warehouses our key upon distancing protective all personal we providing to and capacity chain a rely have shifts manufacturers additional promote well that normal facilities. levels. deep returned perspective, From as to supply continue cleaning at
Given our orders have the reduced little with inventory disruption. and we position demand, fulfilled
are locations, if at shutdowns However, reestablished fulfillment risk increase. suppliers' our could order
Moving results. quarter on now to our second
with This spending. quarter of most customers one our been has reducing challenging, significantly
XX% our up as which of slightly, utilities, Our declined sectors revenue sequentially of was our positive highlighting business. except gas one declined all attributes
budgets deterioration said, sectors in to Our aggressively have that is level the the the activity diversity to pipeline in steep acted revenue current conditions sectors. upstream providing for optimize is and a market and of challenging declines our our the we continue with future. align be Therefore, structure have commodity protection the cost to significant and customer of industry market end With against severe. prices near better been levels expectations and swiftly experiencing
I'll headcount for cost more We on our of total XXX a is by shortly. over quarter, In completely the this year closing by include XXXX, we've are within we control, reductions reduced which headcount detail XXX reduction. operating or as second cover the mid-year measures business improvement profitability a XXX control. facilities initiatives, of e-commerce our Since headcount or the and in XX%. we XX% reduced focused the can of managing acceleration The of and implemented well we levers as the
by second closed reduced on the XX of Since an the XXXX, XX%. XX facilities facilities this with facilities closed quarter, we a X,XXX in we or additional also We total middle of our or facilities XX quarter of last year. provided or the XX% consolidated have and for headcount par expectations global
However, and are the additional planning, half reduce year. this XXXX facilities on SG&A reduction normalized in an further from of currently our XX to basis. actions With $XXX we the close a in million taking footprint in taken a all to second projecting our actions over annual plan we've are now we
the our the year-to-date previous we guidance. for We work efficiency. second than optimize and SG&A in optimal lower QX approximately working capital $XX exit Additionally, million cash are in bringing structure a to million to continue significantly rate $XXX generated quarter, of our targeting as inventory total branch we $XX from operations down run million,
in We continue and Debt to reduced by priority, $XXX target reduction the the debt far million off by the near-term year. year-end operating XXXX pay we to overall is cash year. net since this flow we're have the track $XX over my so year, balance end of for top ABL on and million
this. regardless exceptional to e-commerce and economic profitability allows our We are experience It reduces strategy service the and gain value our while we service improves robust of levels and customers capital, MRCGO, Part our committed to a platform, of operating our maximizing cost working customer to optimizing conditions. shareholders our believe to our that is long-term delivers to us delivering share, accomplish and serve. market providing
are We of respect currently executive over yet our we trailing customers. customers next more XX% digitalization service expect an Consistent global the to of quarter transact recently On XX% to important North our customers. these with basis, electronically. American We e-commerce to increase to top In continue this from to milestone second with e-commerce small met percentages was the solution a this volume, have strategy, we this to years. with lead and change revenue and interaction our few platform. our a through digital goal customers and XX sell our is of committed our thousands e-commerce XX-month accelerate XX% and to generated revenue, total of of designated adoption and XXXX, of
tiers. our of to be by MRCGO this supporting to with distribution million $X down customer of directly to Deliveries serve have XXXX. to extends improved aim differentiation, our our begun features consolidate the solution transactional channel located $XX This and customers and customers migrate million a to offering from improvements center, accounts. delivery was customer to transition the the only at XXXX. online these complex, capital. MRCGO the and coupled location model, a annual targeting and capabilities profitability centralized to between a efforts different new savings differentiated We transactional larger centers new drive offering them service regional direct these lower previously and our enables will working end customer Houston managed to inventory available operations which by shipping our price and deliver e-commerce leverages This platform, we service more implementing are the channel. for to cost By sales made platform, We
overall the to As intent build is we managed to customer revenue into expand in adoption transactional come. learnings leading years growth our large with the parallel increase account to goal premium MRCGO experience e-commerce our in channel, this our consistent customers, with to customer solution,
obtaining to also customers. market We share expanding MRO and drive gains with continue by contracts multiyear
grow TECO distribution five as This largest, with and including Energy, customers, PG&E, execute years. integrity for sector quarter, customers continues management This multiyear to X and programs. gas each to agreements several utility continue have their we gas of grow XX our our renewed Dominion
to PVF especially a to undisputed We objective are have market record and leader suppliers expertise service and corporate achieving asset and INEOS, sell BP's the assets shrinking this only share, proven the of we sector a as due is our track Growing market, one of for important in strategic quality. superior reputation an deep Noble Energy of there sale Chevron. including our assets of downstream this announced Also, objective. of customers, refining to announcements transactions by have selected the been Shell plan to by and announced recent acquisition divestiture the some among the refining
at we are facility transactions. well level increase with some share as the the of level well creates always customers level market corporate to of change and uncertainty, positioned While each as the in of or maintain expect these each
our to delivering continue our on to to be and customers We service superior long-term value delivering objectives, shareholders. focused strategic our
leader sheet. market balance PVF a the are We with strong
We market through are this to not just survive. turbulence managing
to are future thrive. the in We investing
have and XX are MRCGO in XXXX, making With at we the structural MRC. the years in structure that and most facility reductions my we efficient investments personnel will permanent operating
well strategy capital efficiency increase execute of profitability to recovery continue maximize positioned against and capital advantage working eventual well to as We structure. share, our our optimize and are market the as market we'll take to
highlights So, now quarter. that, the turn the call the with cover I'll to financial for to over Kelly now
