and to in how we insight X. a will X half are our and actions business operating we changed on of thinking into the and focus the the today year. will have My respond cover opening world, short-term we taken comments our priorities, how We're Thank discussion expect you, our in about business, Dan. second fiscal primarily dramatically Slides living and
are priorities near-term Our straightforward.
continuity crisis We and we significant water preserve are trends clean The liquidity. expect business long-term at business important in and has unchanged, protecting challenging to facing get challenges industry, time business the through and role managing to on water water global managing our the employees, macro future. foreseeable the are focusing an the remain Evoqua we levels to coming thrive and remain for the this out. to
your every to employees, public matter our live, to chain partners in the the we which adhering To operate. across greatly, we and make the supply day. guidelines health We're communities safety established wellness which priority regions top customers, our in and agencies continue by and we safety health
ensure for chain and managing are customers. to material us to are to available enabling that serve our We our our inflows PPE supplies supply continue to personnel necessary
efforts in these the of like circumstances. beyond support many proud more employees We've compensation personnel our with serving our would employees be specifically their I cannot received plus field under hotspots. above and heroes the customers highlighted who Evoqua I COVID-XX challenging and to of extra XXX customers. additional recognize efforts And serve in for to essential fellow going
include, on key Communication latest components uncertain employees We've companywide in or daily this to we for hotline employees and our an updates the operational up-to-date town of COVID-XX our site hall channels we've have navigate any meetings, and intranet an to few engaged are and put A communication multiple concerns. on established transparency period. COVID-XX-related actions and place in communication informed developments workforce. keep focused who questions as key email having the priorities our
are service COVID engaging concerns. and our due for to responding essential business, which needs, an customers ongoing We're functions evolving proactively their providing to mission-critical by
for importance the during name remained which operational are programs beverage active biotech Our among has customers as few. and our that a very laboratories, customers hospitals, uptime times to such and ensure this continuity, help business period. industries like have These maximize and great service pharmaceutical, these food during
To preserve targeted and increase jobs. we've actions liquidity to taken date, cost
have process our levels productivity reallocation our to established maximize market plans to demand structure and developed have contingency priorities a companywide business we Additionally, if cost employee support align softens. and
liquidity our prioritizing are We planning near-term management financial and decisions in outlook.
We share that pleased continuity and priorities, service and of daily progress facilities clear best our that all internal group and vertical if remained business practices obstacles I'm review established a and they to operational. meets to planning to report our arise to organized manufacturing have open on communications.
working including work return standard ensure COVID-related procedures to conditions, We've to quarantine guidelines. and operating safe established
working to protection expanded had productivity we've positive pleased we've I'm are maintaining five while doing that And To COVID-XX. test additional remote Additionally, employees report our employees guidelines levels. well. for to to all date, provide
for our the As with of other and that country personnels out in prepares we administrative a have rolled for guidelines. reopening reopening phased economy, process aligned occur protocols local will
ongoing the service our employees essential emphasize to and operations. maintaining our continue and will of priorities safety Our
were Slide Please turn due COVID-XX. to through nature to We full year of in guidance evolving our the mid-April X.
to expectations, what believe are hearing from we our it chart business. insight Based sales our this the for majority of is primary on important end into and expectations on represents provide our However, demand team further we markets. our operations current
largest of our single XX% sales. diversified a serve markets set only overall with of broad market comprising approximately we begin, our To end and
operational concentration no and branches. Additionally, the have our are on general, we're quite but don't COVID-XX, our in crystal we a certainly customer request in with of single X.X% accounting for more XXXX. the that from of given impact in ball well making estimates is We receiving customers customer revenue the than feedback
become our these COVID as crisis. our market chemical quarter. of of demand general evident throughout should More estimate slight primary anticipate progress on the in in the through either reductions markets FY continued our neutral in through XX market. growing We processing end and These markets we into to have essential to engineering be the out and this or represent light demand operate we end chart, six that demand end shown As visibility across third markets 'XX. businesses
Our QX and book. growth Aquatics with in well business solid a performed order sales strong
some summer we season, park expect for necessary we pool delays will the this will see to water as gain we business. delays cost impact backlog control actions and our visibility. better swim as and approach monitoring openings that implement However, closely We're in
Our oil our and gas business is one end of in smaller primarily oriented refining is and markets. downstream
prices, services. the Given oil hydrostatic in demand latest degassing numbers and out of resources have our we shifted
to Our hold drinking Municipal business water into wastewater continues divided steady. and
to the is material recently And our a solid, PFAS we traction. over capital in backlog not pretreating water treatment received do order and PFAS also integrated activity drinking gain large continue business contamination delays. for limits. water, for concerns We're currently is COVID-XX-related Our specified ISS quoting order seeing as heightened above well we systems expect contamination where
As discussed revenues we hold are aftermarket has team seeing productivity in requirements, been Service continues but customer to consistently. date, COVID-XX operate we that more service presentations, to be in resilient challenged expect To and the environment. our access due procedures prior true. a sanitization to somewhat market and challenged related
is having happy the on like digitally tools they during a end value is is we can to the deployed we One and questions Water service the site. When Water have service Our tech when systems times Q&A that digital connected ensure a troubleshoot markets on to the specific system, can challenged, platform One address be these physically to proper our without connection, We'll proving section. proposition access first on location out system about through be go. in
Please turn Slide X. to
pleased in very Organic are both revenues QX solid We with X% to segments. a growth deliver performance. grew over
pre given call. in QX order quarter strong As EBITDA $XX the million to In expected, as million the announcement, X.Xx. range our would of ratio growth above issued had a very earnings we be $XX we guidance a adjusted book-to-bill in indicated, with of mid-April,
to million sales almost benefits favorable $X driven by million. in approximately pleased mix report and are $XX We EBITDA, of growth leverage, price/cost adjusted organic
and the month results oil minimal prices. Our with low COVID-XX March through were impact from solid
earlier, late discussed establishing in government emerged. second as quickly concerns in quarter, As new and requirements the restrictions the company operational responded business across COVID-XX the
our changes, initiatives, capabilities improving such emerging to these make strategic PFAS on focused capabilities as remain progress we our our our operational contaminants, implementing and digital our continuing enhancing While highly platform. on to and serving across including customers treat
services spoke to gain enablement Municipal about those quarter, and efforts the traction. digital continue Last of our I business,
new I connected, digitally Evoqua the for quarter, continues enabled care health wanted for as market. the grow. highlight for Water One, end Health water product market high-purity digitally This to an attractive a need is care to
launched quality specification this on Vantage are During digitally. microbial pure AAMI SPD the operational medical mineral instruments, The the surgical to and solution, and quality pitting system quarter, we systems currently even hospital This device water corrosion water COVID-XX while reduces throughout is crisis. orders and pipeline designed logging TIRXX robust, we from digitally-enabled critical meets reprocessing. is scaling that data for produce receiving and for specifically this offering filing the and which
a Living focus Our highlights capabilities. on in the importance COVID-XX monitoring greater. of having has XX/X constrained digital never been world
We assets to our and costs. status customer migrate assets productivity to to are operating allow enabled not digitally more of currently systems connected maximize drive digitally to are connected and that systems. working enabled connect lower Transitioning will us to uptime, overall
near-term Frost have evidence suite awarded connected award Liquidity As the and on solid recognizes Technologies. debt Global our maturities our for leading-edge are primary Company with recently of pleased customers' uptime. focus progress, Evoqua been & of of to Water we no agreements. Year for XXXX remains the solutions our our for of This maximizing operational two Sullivan
flow was see slightly Our were $XXX through April, million and from pleased the revolver solid. quarter leverage for improve We remains undrawn to QX. cash
around as the for forward, centered to look planning the XXXX of we construct reopen. liquidity our economy managing second As is begins half slowly
should contingency if have to expected structure revenues experience in cost begin We weakness demand. with than our aligned greater our established keep that we our actions
to agreement EBITDA. X.XX trailing calculated covenant currently credit of XX revolving a We net significant times earnings covenant. Our cushion months the on adjusted related a debt has have financial
covenant more of XX-month levels would need trailing than current would decline current XX% Our before to adjusted leverage from an by $XXX the issue. EBITDA become million
essential significant markets. Evoqua As an designated essential stated, of serving business end previously a is set
in substantial reduction have business. are we We managing engaged and Cost the taken actions actively have been liquidity.
contingency and have the action market we Evoqua to that to positioned. plans further difficult growing ensure weather necessary is is conditions backlog if becomes very Our well
time turn Day, impact the to we and and wellness XXXX report, we believe you report since especially strongly to which organization. relevant to making we've sustainability Please health our celebration Earth progress made and our proud encourage sustainability efforts I'm welcome we are here in Slide We take company. and programs our of Through our human of We is that On time, your day. committed a becoming the are initiatives, across the positive this every to independent during read an released to X. XX, fifth feedback. April
about think two sustainability in We ways.
Evoqua to customers our solutions our more and in in enabling by customer-driven offerings. First, initiative notable sustainable particular, second, PFAS. sustainable driving within become One more our operations. sustainability through and to by internal service contaminants, And own is emerging become
our Congress military bipartisan forward for initiatives municipal, We funding. are refined industrial seeing increasing and We contaminants go-to-market in emerging strategy legislative and across support the moving markets.
is several pipeline the During quarter, previously as last growing. and the had PFAS we mentioned, wins,
as We continue which with to a well portfolio solutions. this very are we growth complete positioned see opportunity a long-term of in full
to great governance on front, to we critical to pleased a during engineering and us has and has of Glatch welcome Lisa Board the and Evoqua's pleased infrastructure. been in experience time. to Finally, board are industry Lisa energy, in this joined chemicals our February announce Directors. extensive addition She and
and graph EBITDA stable EBITDA rate X% from a XX-month grown to from Slide XXXX. This have time. Overall, growth adjusted basis our during business growth. XX% this and quarter-to-quarter revenue adjusted Please continues of with X. turn revenues Overall, on recurring benefit represents rolling over a since the revenue at to
to XX% business. drive our aftermarket and primarily We total up projects stable, service approximately XX% make business service Currently, growth. while ultimately sales, combined and service capital aftermarket comprises pursue profitable our of recurring and of
we discussed, variability. is our the subject nature to previously business of quarterly As
an uncertain us However, we this services period. have products annualized model serve well visibility will and from to revenues high basis our our and into during continue on believe
call like now would Ben. to turn to the I over
