Leslie. Thanks,
our Our was $XX.X due which compared second in quarter consolidated revenues in the year, were lower prior power line million, million X% mainly or revenue $XXX down the segment, to with expectations. generally to
there a of Company's and major primarily year. million our the quarter, continuing associated of results that several to charges to and loan revolving year, $XX.X early on of for of SPIG lien quarter out we I'd our loss, of contracts renewable this like also to related the impairment on energy interest of SPIG with noncash point discontinued borrowings intercompany $X.X our higher in EBITDA $XX.X compared during affecting the the level loss loss was million the related are to segment. complete our items loan the operating extinguishment Adjusted $XX.X are million reported unfavorable due debt, into to second-lien which in the reflecting second the the extinguishment costs business, renewable goodwill sale credit May business. Europe facilities impairment the second goodwill last a $XX.X the was intercompany million, quarter impairment impairment estimated for is renewable mainly GAAP million $XX.X a included the operations operations. a primarily aforementioned loans, For charge to loss a Interest currency quarter that a the increase loss on the in $XXX.X of loans, impact MEGTEC $XX.X to SPIG, including the the related goodwill segment Universal to a excludes foreign and the million expense million the and due related GAAP from loss on to currency or million in and
$XXX.X results. to X% Turning a segment, mainly business the steam lower the This to in to U.S. lower combustion result prior segment retrofit industrial anticipated was our well down revenue sales million projects million, systems. power on associated or residual XXXX, benefit with as due as In compared was cold contracts the $XX year. the fewer generation as our in in with regulations the which service revenue
X.X%, for year’s million to relate compared of costs quarter. ongoing in in we claim. mitigated XXXX. margin increases year the renewable $XX.X cost renewable a dispute segment, in energy the was expected as last revenue the expected receivable warranty on In Additionally, business. to that power the of third was projects. impacted beam $XX benefited Adjusted last has $XX in mentioned favorable the gross estimated million portion million, second a due actions performance. XX.X% gross steel the of insurance anticipate the previously of power due Nevertheless, and greater Power mainly contracts Europe. are increased and restart costs were current we continue XX.X% warranty commissioning to down the the quarter, year increase and The margin other of coverage related was additional during projects costs on segment XX.X%, period, announced the year-over-year reserve with sale other contract site largest from KVB-Enertec. our business, to the in costs at in monitoring reduction than emissions an by Power’s work of was EBITDA in remainder established to previously XXXX. which booked of The in EBITDA items a to expenses, with roughly adversely by management costs to book comparisons the the Also provider close-outs margin expense benefit the $XX to quarter insurance estimated of loss last costs million in failure the certain employee XX% the
dispute for under and the the recovery merit and to intend policy full have aggressively believe we filed So, without pursue arbitration. is
increase in announced the segment, Because $X.X business, As in the SPIG now goodwill the on we cooling and previously our to to undergoing related business new this subject business, regulatory and estimated an seek legacy a Dürr resulting claims projects flat losses are million quarter. other loss ongoing $XX.X from in was relief $XXX weeks. decline with remaining coming compared expect matter. essentially million, of mainly losses build the our industrial million new in $XX the to as SPIG offset mentioned, pursuing close the segment to agreement transaction will impaired the currently is litigation and charge for The expenses we Universal forecast, in million a adjustments. we its in signed legal of for in to businesses from a that consists due customers year AG sell our impact MEGTEC and EBITDA was Adjusted are to We’ve we Leslie parties. an working related to reviews, our by and where services. system to Revenue potential with systems available also build in aftermarket last was costs complete increases which
Asian Additionally, Selling venture our our as large in and away retrofit we first market joint the our $XX.X our results, opportunities in sold Chinese B&W million, which investment followed with shift our more well ventures consistent strategy our to new earlier monetize sale coal opportunities non-core the quarter towards in year. joint indicated as TBWES, aftermarket for JV Indian power and in fired interest the as is of from international build the assets.
U.S. to our completion cash. cash new was to spending Total million restricted toward due liquidity. ended at flow, the credit We build net cash quarter related facilities June flow were international renewable quarter balances the and million. and related the to operations of of XX in activity and cash $XX $XXX balance equivalents with use our projects. million, a our Turning Free mainly of $XX.X under the continuing sheet to revolving working
from and to the business Palm use the net proceeds to balances. West expect reduce Universal the MEGTEC sales and We these of
few to the Leslie the mentioned the amended relative continue portion to is mentioned, that to the a result of our to new which a the that the incremental amendment be concessions Company million Vintage least The West includes company achieve of lost Last provider a to provision our liquidity the revolving customers today, of facility syndicate informed the the of and Capital must and liquidity bank, in of of Company. commitment, will key credit from requirement reset the we the covenants. at Company that commitment with of also financial also proceeds. subject or A will loan for Company $XX of provide include million the -- by the allows Riley from they retain and reduction that up $XX the receiving to a million covenant that Company to generate Out incremental As elements first-lien Company the consent sale minimum XXth contract renewable FBR, access certain facility Beach they $XX credit incremental prior commitment effectively a all to our intend it terms will benefits backstopped of provides September Inc. in $XX to the net proceeds, agent that B. Palm million liquidity cash our
based is divestitures, XXXX the Finally, the withdrawing asset its no announced strategic I on and guidance number actions guidance. financial a business, Company's review previously of of to overall now the turn recently strategic previous the back relevant stated Company's the longer will Leslie. call and
