our thank XXXX for and all JP third call. you quarter Thanks, joining again
we revenues quarter, for year-over-year. JP $XXX million, As the reported mentioned, XX% third up of
highest account demonstrating performance XXXX. very acquisitions, third our of are have quarter, revenue for into taking quarter. was We the This quarter revenues for expanded On were that strength from of the encouraged primarily we modestly lines. pro third a a This across and business XXXX the quarter forma basis, realized from overall business remains by That to represents both the a our our of to year-over-year expect project in civil we fourth due renewables segments our growth as down result renewables of construction in strong be fourth the being strong exhibit quarter. and revenues year prior well decline the our timing said, operations moderate the and activities. specialty
QX, performance On a benefited margins work projects. Gross our the also pro electric we from showed civil XX.X%, increased as quarter. strong very self-performing high and for basis, higher ago year’s margin X.X% over gross gross our $XX.X on and profit forma year up in this profit margin improvement historical business the was million from representing to renewables the higher with and quarter, gross overall in importantly, a year were Margins QX. our were last marked specialty renewable on projects on business in
from X.X% on $XX.X of EBITDA on was the margin The a X.X% revenues, Interest of margins. quarter quarter. with basis larger percentage both up result importantly, gross percentage ago SG&A SG&A quarter, in Series and in totaled as preferred margin as $XX.X revenue, overall adjusted expense of compared the have for the totaled X.X% were X.X% in was forma with for high expectations increase was third Adjusted a B higher QX forma strong year pro pro line third up in representing the to the and EBITDA historical and million up from $XX of basis. XXXX. Our was interest million facility from expenses on we increased operating platform. a our a the as million, million XXXX our stock. quarter, dollars of on at quarter, quarter a X.X% $X.X coupled as now borrowings in result credit a of in primarily expenses our a were Very the EBITDA for quarter adjusted
net $X.X year. level our all capital almost expenditures was with that’s from the were the term. strong up ago were comparable quarter. awarded with the more September year was up XXXX business $XX.X with at the X% $XXX ago approximately over generally income payments, million quarter generated the to replaced long Cash We and around in quarter, operations This the the in than nature million capital fourth billion, million $XX.X expenditures, $XXX $X.X new from million in June million. of year revenue of Third XX $X.X during which of in beginning include be totaled year-to-date. Cash the year million due that level expectations of $X.X XX capital. is total million over seasonal lease our booked higher strong revenues business, in quarter. is also working which as from Backlog doubling our of of quarter from combined line Capital cash operations every quarter, of from the will the
our XXXX strong the demonstrate have start great increasing pipeline revenue healthy to past work we business been not we as expectations few guidance and solid able of early backlog for are $XXX year and we give work that XXXX. $XX to into In across strong to growth. XXXX. be our be in until support result, range unchanged for and of any guidance forecasted in visibility EBITDA the us not our $X.X planned our now project the billion. increase start our year a revenues mentioned, JP full anticipate $X.X XXXX And does the We weeks, continued had As tailwinds expected is The is our to in range cycle. XXXX the adjusted remains meaningful revenues million. that contribution, include Therefore, full in a given million margin to of to billion and
$XXX $XXX debt, of are of Series of excluding in to had Included in and Now as the and leases. million as we classify turning million balance $XXX $XX million equivalents, was to loan $XX million of $XXX debt. the September we million of sheet, preferred million which B term of required debt, cash cash stock, capital and XX,
leaving During the to availability. million $XX paid us revolver quarter, our balance, with X we a of down
and transactions won’t of amount $XX so very Ares details facility, the our we the from in transactions. weeks filed final were with me transactions XXXX B number solid to from our preferred commitment ago, presentation Ares This us financing XX, received million an X-K announced and intended in Earlier up of Oaktree equity discussing important recent for here a by significantly these order we put on we reduction sheet a if investment go our additional us on Two and liquidity an down execute pay the that Capital. benefits facility, the the initiatives for Series detailed equity May, these call. our their to phase a These on credit the enabled began into million August. plan additional our Let increased we million reasons. In year, beyond. commitment X minutes of investments receive improve few significantly investment of credit very a October believe to outlining equity series which balance an million targeted Management our us debt in and I meet to $XX Oaktree financing debt business our further footing said outstanding liquidity. a $XX We followed $XX our in a That under we reduce spend and to initial levels. to need with capital in our initiative was for
in We to to aggregate. right our of participate preferred offering up shareholders offering Series in able million also $XX in conduct an to plan the would public a existing whereby B be amount
which new we Series common exchange half conversion in A Series of the their with Series amount significantly potential that would they the B finally, will result agreement reached stock. dilution for would of their shares, preferred Oaktree, B an of preferred into whereby shares And shares reduce
secured facility a distribution our reduce level our Series triggers on significantly stock. under credit on senior step-downs debt facility to taking senior will B down our on the We credit in preferred leverage interest that and rates rate our
debt of term We going pay-downs. eliminating future need for amortization, required the significant prepay are amount to also a our scheduled
from shareholders shareholders public contracts secure bonding, liquidity right The our Series common access In are also stock. type Series give it addition, that potential preferred will half gives B will large of they which winning. if of the And to significantly continue B stock lastly, enhance the improved participate and in our to of conversion the us eliminate choose. the ability dilution preferred to so we the to the transaction will it should increase to our
have reached and agreements our Ares, and to their appreciate our support with Oaktree and We are commitment. We to ongoing lenders. relationship solidify pleased these
will I for concludes to That call my the closing of call. the back remarks. portion now turn JP
