cover Jose. morning Thanks, results. quarter everyone. Good first Today, XXXX I'll
the COVID-XX flow as liquidity. as profile, of including capital structure strong cash XXXX, our Our impacts current guidance of expectations for the well balance pandemic, potential and
indicated include adjusted financial and Marc our filings. beginning non-GAAP website, our our of EBITDA. Reconciliation As press in or of on call, details and discussion measures the our non-GAAP can and SEC found will adjusted at in our guidance be results release, of earnings
quarter earnings summary, expectation by per exceeding were XXXX and first results $X.XX our EBITDA million expectation by expected adjusted adjusted better In than $XX diluted exceeding our our with share.
$XXX year. generated period record also during the million, flow cash same operations increase the last quarter a million $XXX We of from over
opportunistic allowed to our This overall sequential share repurchases, basis. still strong base, decreasing outstanding on while us cash million totaling share of our X% invest approximately in $XXX approximately a net flow debt level
remarks structure us through advantage pandemic. make capital as further resulting excellent And say to later. navigate I our and liquidity from capital flow, strong on combination COVID-XX But this it we will in economic affords suffice the a our climate uncertain the cash structure shape. are that
segment $X.X gas same first backlog, over And period sequential generation XXXX includes lastly, increase and segment record grew of billion. well backlog. sequentially oil our new last significantly and record a both level power as backlog industrial in the year strong to This as a quarter level
expectations and of regarding will cover I Now, guidance for results our the quarter highlights balance XXXX. first segment
As expected communicated XXXX oil to first revenue and compared of period million XX% and last project $XXX decreased timing. same segment based previously the gas on year, quarter
of margin, oil this continued revenue trend reduced benefit lower EBITDA on adjusted projects. comprised strong a with large strong was gas and of XXXX continue and Quarter smaller productivity numerous levels mix, our segment rate First pipeline activity cost of margin plus project project XX.X% performance performance the project including
the mitigation XXXX and for move XXXX. project greater size, as currently be and and gas gas quarter, the oil of to regulatory our started $X continue awards, expect in duration these of to new a profile couple additional And project awarded pandemic half gas judicial well remains were XXXX. into oil of visibility of dates project challenges XXXX that impacts We of work will timing, of During in oil the project a With for XXXX. estimated awarded as clear. activity, crew impact with the we our in said a and completion approximately first will back we That from and future activity level expect and the awards billion project scope work combination segment into efforts. activity foreseeable XXXX
range as planning revenue expected sequentially oil oil year-over-year second XXXX project to results segment second on in half segment modestly low digit to an levels XXXX and revenue mid-single to assumes last productivity our large project XXXX guidance XXXX and year. expectation first basis a Accordingly, gas and increase initiates. annual and and in This quarter gas significantly the compared quarter decrease will revenue activity revenue that for will increase over mix
annual mix an margin XXXX. rate expectation of costs We half be lower the lower plus EBITDA high-teens the during the to including than margin oil of half and continue EBITDA rate annual XXXX the project the activity adjusted in with mix, be will project second range, increased expectation large that gas slightly to expect due rate segment margin will XXXX adjusted second
to compared X% First same year. quarter approximately the XXXX communication million revenue of $XXX period segment last increased
First quarter fiber and for XXXX rate market our communications segment margin drive wireless and demand revenue. wireline rapid continuing X.X% The services. which we of telecommunications believe evolution, U.S. is was significant adjusted EBITDA its will long-term
Additionally, orders homeschooling a and developing COVID-XX nationwide stay at the expanding highlighting have usage, nation's infrastructure. surge in resulting of in network activities, from our telecommunications further telework importance and home resulted
services coupled the a balance of communication considered are with infrastructure we are municipality crew are local level COVID-XX revenue loss we the segment, the some from mitigation seeing pandemic permitting the and XXXX proceeding productivity as delays critical of provide through While largely result expecting pandemic, in crew including and and impacts. disruption
larger Services due the COVID-XX consumer balance of XXXX installed to We concerns. social Home decreases pandemic to also over distancing expect
first related communicational pandemic XXXX by XXXX quarter quarter approximately to COVID-XX adjusted levels. second second segment approximate revenue XXX revenue second communication expect compared we XXXX segment last half XXXX margin anticipated continue approximate impacts, year levels will expect last that basis will half and expect points. of Inclusive we to EBITDA result, revenue and a rate year we productivity will improve annual As
XG Importantly, effects in rate us for and market EBITDA mark revenue, the improvements significant pandemic adjusted to will afford we and begin adjusted the beyond. potential XXXX normalize believe to margin as EBITDA trends
First quarter million. period XXXX Electrical $XXX compared year Transmission segment last same to XX% approximately to the revenue increased approximately
range project level of in XXXX segment, adjusted last Transmission of electrical compared We revenue pandemic X.X% related to anticipate the revenue. to teens start-up annual transmission rate with COVID-XX XXXX Quarter high delays year. some margin digit to in XXXX single First expected EBITDA was segment Electrical high grow
improvement also EBITDA to a compared expect adjusted We slight XXXX. annual when rate margin in
years. end strong for in adjusted expect continued the with this market this coming are belief that supportive EBITDA segment conditions for continue revenue and segment growth and the We
to XXXX segment increased quarter First same revenue compared to Power and Industrial $XXX the period XX% Generation last year million. approximately
slow higher of adjusted efficiencies and revenue cost fixed to a quarter. XXXX revenue, Quarter EBITDA was First levels X.X% on margin rate of seasonally the due some production combination
We continue quarter to experience backlog renewable power segment billion. and first of levels activity, project XXXX generation by active market a $X.X very industrial evidenced as record
XXXX, annual look growth rate mentioned already year. the balance expect when towards the of last segment we that As this XXXX EBITDA strong show margin was revenue compared improve to it adjusted both performance will we and
largest approximately wireless Now, Home approximately I revenue as our total XX% was and installed as period three and our wireline service top will combined of customers On a quarter revenue. of discuss for a to XXXX the these XX derived approximately from of a summary XX% percentage AT&T the a separate first offerings totaled services fiber Services basis, X%. was revenue. result
independently AT&T that while it within these organization, reminder, that important a within corporate and diversification universe. As budgeted umbrella falling under offerings us is managed to giving note corporate are that
X%. Agreements derived each X%, Master Products, this we services highlights X%. and XX%, comprise a were of Permian at each Highway and recurring at energy, fiber have wireline X% on NextEra of Energy projects with XX% that and basis. Corporation was Enterprise Pipeline portion NG mix Comcast and Transfer were both the Excel construction comprise wireless and Energy, Verizon revenue, Individual our Energy, our Duke were a revenue comprising substantial Service
worth of our customers, our also which quarter a as of is XX over of into first head uncertainty all have profiles. XX% potential period induced that it we noting investment Lastly, represent revenue, credit grade COVID-XX top macroeconomic
our quarter represented approximately level First billion history. MasTec in the $X.X Our highest XXXX, in of backlog
record million noting year-over-year the reduced impact the our same on accounts That for and communication backlog installs said, period for last compared that it in includes negative levels $XXX current of this level home decline approximately the is of for year and backlog to services our worth segment. within backlog virtually decrease all segment
usage discuss I’ll cash Now, capital investments. and working our flow, and liquidity, capital
quarter $X.XX flow billion, quarter $XXX first debt, a the which XXXX, operations in and equates as with a to of less cash from the leverage level net total debt record defined generated ratio X.Xx. of During we book ended million cash
with near quarter We due orders the the to in quarter the course increase ended XX with nationwide, collections home at compared impact the enacted quarter, COVID-XX at last from end. stay days of XXX pandemic DSOs primarily administrative delays days ordinary to
typically value. We are maximize us flow strategically fortunate cash that significant profile our business affording from invest and operations flexibility the shareholder generate to operations to efforts
and shares of as during cost quarter repurchase first level X.X overall XXXX we still net results fact, our reduced highlight Our the quarter. debt opportunistically a this million at $XXX million
forward strong continue. we believe the of As look balance towards we XXXX, our will cash flow profile
of While of the and over the developing XXXX this still we impacts monitoring potential balance closely time. are macroeconomic are uncertain during COVID-XX pandemic conditions
XXXX we'll XXXX from We level or exceed at flow levels that operations million. expect record to slightly cash annual approach of $XXX range
sheet MasTec no coupled with maturities balance expectation approximately structure flow cash strong significant ample position. liquidity near-term and low a long-term rates, million solid of $XXX places This capital an with extremely in
managing authorizations currently executed during our have today $XXX of quarter. our also prudently in conditions Regarding repurchase if while this and sheet. program, we second not have balance as open repurchases program share million opportunistically any share repurchase in invest warranted, the will We
cash million cash defined Regarding quarter, and the of during incurred $XXX equipment $XX and an CapEx disposals million capital we finance currently cash net we spending, with net anticipate $XXX under CapEx first finance an of CapEx additional incurring additional million XXXX incurred and to leases. incurred approximately million net $XX We equipment million as in to leases. purchases $XXX approximately under be
the EBITDA current and $XXX to XX.X% revenue and EBITDA between adjusted to diluted adjusted equates $XXX million annual of This COVID-XX $X.XX impacts, between share. expected rate billion and XXXX ranging $X.X to Inclusive range are per to adjusted range pandemic XX.X% Moving XXXX margin million. to of between $X.X between to our revenue earnings potential billion we guidance. projecting with $X.XX
to As will XXXX we our highlighted expectations, other briefly expectations have previously provided as yesterday. as guidance some color I in release segment cover
annual interest million. we approximate XXXX on rates, Based lowered nominal and strong our cash expect levels to interest flow expected $XX
weighted modeling XXXX million valuation this share which share our shares, for count first is our For XXXX should repurchase XX repurchases. quarter approximately our annual XXXX that weighted It shares earnings shares, timing XXX,XXX than first noted lower is of purposes share and million activity. share count end quarter average approximate year purposes, XX.X be annual per share count due to share is the will the average including
XXXX We XXXX capital of expect X.X% the annual of through X.X% the revenue levels timing activity. acquisition XXXX XXXX and and lower and additions depreciation expense to range expected to of impact between revenue combination
Lastly, we approximates existing well adjusted expectation income expectation XX%. balance XXXX that tax leads This as rates XXXX adjusted for annual adjusted quarter as XXXX will the blend that XX%. tax adjusted of this rate our tax continue income our to an to XX%. quarterly rate, approximate rate And tax includes approximate expect first that the annual will
XXXX for second The billion EBITDA adjusted impacts adjusted related revenue share. and quarter between expectation million ranging the to adjusted COVID-XX between diluted revenue pandemic. $X.XX to and to Our ranging earnings or $X.XX XX% revenue $X.X $XXX expectation guidance This of million, to is productivity expected $XXX range $X.X includes billion.
With And that, the our back that to concludes prepared for turn we'll call operator Q&A. the Operator? now remarks.
