I welcome and Today morning's call. overview provide subjects. a joining brief this Aaron, to of everyone four Thanks, will
Our performance developments, trends, on strategic review financial market an recent in quarter. quarter, market over our then end priorities. for the update on will turn more detail solar and I key it commentary Pete first to of the
recent we our conditions core renewable our continued performance. of and growth. within me remain let Market first businesses robust. with First, And quarter start strong environmental trend organic
improved record growth the us encouraged climate award the remain very by bidding to total an favorable across segments. experienced outlook activity see quarter with force, businesses. for up new both the market renewables market year. skilled strong in With enabling to revenues by our our our rail our We're As prior Further, in we're leading record civil double-digit specialty first beginning business. over labor XX% conditions, backlog. were business the finish versus strong, position quarter first and our growth Aided
the in that the inflationary backlog expect realization months impact continue, recent to quarter, revenue and margin customers procured chain components we take such and we during will both projects renewable risk experienced impressed no panels our are by turbine we these our price year. used While this in that larger meaning first headwinds blades as items. Many of and supply and our solar with
and and However, for were cables procuring there contracts other in all as wires almost fuel are responsible such concrete components and were responsible that purchases. for
compressing supply quarter, volatility materials, of resulted challenges the in over the project progress projects margins the higher that be will chain price many on the these and costs, completion. especially as During towards forecast continued first fuel our year realized
a were largely events execution issues of of they problem and or our function these from were control, Importantly, outside issues. not contracts
to updating the revenue with we guidance. EBITDA our while of are financial change full-year with efficiency and headwinds XXXX we impacting attempting backlog, to our improved project our other our for suppliers, anticipate guidance the This and strong We our revenues. negotiations on factors bidding Based offset to will we reality reflects contingencies, by maintaining business, cost profitability are believe mitigate adjusted can balance measures, full-year a to near-term improvements. consider guidance. billion increasing guidance while the billion, project We the potential financial XXXX, the position recognize of higher year. our these us achieve headwinds XXXX of $X.X these Entering $X.X for measures margin through headwinds in range these current additional help be
panels domestic lead combined Thailand, is year. the findings significant industry supply demand, the of This equipped Malaysia, to already solar These Vietnam. the announced The a conclusion the until solar of occur Cambodia, resulted to countries Department preliminary not in Chinese and overview of and the recently situation and from industry. meet of middle retroactive an department developments. next and companies November availability of the uncertainty challenging year pushouts, Department that rising uncertainty could around and solar China. respect in investigation the The a result orders increases the will both concerns are solar project fall market XXXX. how of with the to them. chain in three investigation cells for duty department's to modules. solar many In and to duties has recent voiced of back from industry. delays resulting across pricing on from Commerce panel recent in concerns months, an from companies turning The panel panels We to solar not investigation U.S. market have into products. current Now of August, industry may Commerce as circumventing investigation cost modules in Allegedly with solar panels projects potentially decision and impact for in these cost could believe current are This anti-dumping modules of availability categories our imported in final but stem expected
their we manufacturers. from who source based have panels U.S. First, customers
While customers, anticipate there schedules. to may project we be material some risks the minor delays no for these
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the quarter, During of availability rearranged solar on first the based some of dates projects the we panels. start owners
of fill third subject favorable. in at any that gaps trends. businesses our to the that backlog utilization are projects have still driving our an ample Fortunately, overview to this and My trends we is cadence market end solar that have in teams. we very key time, of believe area remain long-term our project support full We so remaining
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several start back materials the We estimates have as encouraged not spending multi-year levels heavy direct seek by a adjust bidder activity funds infrastructure it we stimulus these anticipate We period bid recent bidding to infrastructure as way with time pickup on the contract was new awards, near with markets. estimate. public civil take their public heavy remain inflation. engineers come While a market the a expect awarded. raw cost result, our the updated to closely bill, more civil in states We for market of particularly and projects exceeded in into no flow, to been elevated a but to activity the will still and a aligned result scale. strong yet expect And started our to Unfortunately, pickup prices. and recent to of bidding bidding awards far low again we reflect term municipalities as of have see and find cost will funds some
from stimulus included the also the public funding infrastructure one transit for rail federal to business as bill We and the package expect railroads class rail. benefit
on improved forecasts in rail pickup our the are rail business. public earnings favorable profitability, to and railroads the discussing spending set seen the with recent to recent But We've with appears to discussions calls. recent capital trends spending Over improve weeks seen two optimistic past our depressed COVID. the industry due several improvements see with we'll has spending capital customers in industry years in a that
one about innings of decades. ash opportunities early Lastly, in within we estimate stance spending a the environmental can billion very January, In their is of experience, opportunity while opportunity with hardline our advantage excited a Nevertheless, this communications the and industry remain which although remediation remediation, a we coal coming the for significant from skilled over is the are the companies may temporary coal it workforce be $XX time, EPA record capital remediation, EPA. to cycle utility over pause, which project business. cause billion long-term will handful believe on small take the we to and We analyze track $XXX announced environmental market. a remediation, the significant ash IEA new benefit the players spending of
backlog project awards. new the on Moving and
record the market quarter reported strong reported This first At we $X.X I from despite another total revenues. end momentum discussed, to favorable XX% record trends end last new we comes up same of million, quarter just the awards able Given the quarter, the year. a were first period backlog of maintain backlog. of and backlog record
the continued end solar organic good revenue backlog, the of were first want which that's three month XX% quarter. the in next at projects we growth quarter. visibility was up XX Our that year-over-year. a billion highlight to gives I awarded And $X.X into us
total acre completion were in for farm, a also acres Construction a in XXXX began online Ranch, the Solar the megawatt Construction began XX of our X,XXX facility also Early Cedar relationship ENGIE County, of and $XX ENGIE project XXXX. with Scottsburg a construct the of megawatt Solar southwest site completion we project a County, Powell's quarter strong on County, in Georgia. More end across Virginia. XXXX, January Silicon megawatt to be XXXX of Construction Solar, by First, awarded that's is targeted of of expected contract approximately XX solar in America the XX $XX signed in be a of facility in with we PV XXXX Virginia. will Georgia. commenced January project targeted Solar the of XXX,XXX XXXX. of December second the IEA has Sunnybrook and to North in the December the with installed rural modules Creek continued to is project Halifax on and that's Ranch contract construction the million Series a X value the than Springs A with first solar contract million. First has project XXX when
the for Before me for measure priorities way XXXX long-term clear strategic priorities. investment it briefly creation our to key I turn our community roadmap reiterate over progress. a Pete, let and value These to provide our
we continued key scale to our lines. within gains to our develop reach growth. positions leading want organic We across key First, technical business backlog by both To expertise, our drive markets. leveraging market acquisitive this in intend and throughout and growth market share accomplish geographic
in our XX% prior Over versus month and growth the the XX% last months, Renewable segment, revenue XX was period. the XX
by favorable and drive Onshore maintain of solar to a scale of we related installed Secondly, IEA's expansion. approximately we and on decade to to capitalize online anticipated be new gigawatts part economies over the We of to In of margin the are XXXX. derived XXX builder fundamentals the third revenue EPC with renewables. bidding expected services. look XXXX, support installations XX% great to wind will discipline long-term was strive wind to opportunity, be intend of that for accelerate next within choice from capacity,
that ongoing important possible. critically supply Given challenges, limit inflationary chain as we risk it's the much as contract and
many built trusted project work continue and to our We profitable for will further our with parties key Fourth, a while structure, liquidity sufficient involved. with to element our is and maintaining of partners support renewables capital have experienced growth. relationships to long-term simplify working successful all we a to customers
program repurchase successful. up Our warrants to that extremely outstanding has been $XX of million
availability Exiting initiatives. purchased on quarter, our growth $XXX in nearly to the credit we available have facilities cash outstanding more our support warrants. XX% and further of million We have the first than
a will strategy. pursue capital disciplined we Finally, allocation
developing continue industry by expanding will invest workforce. growth services growing technical We product offerings skilled in to expertise labor and to and better customers, further organic leading our initiatives serve
presence execute we as that in geographic to our service complementary create all the generate our that confident tends will are returns with and that, we stakeholders. addition, committed our and markets, bolt-on expand our for adjacent In goals, our Pete. value I'll our against And to margin acquisitions call attractive turn over increase We're pursue and plan capabilities strategic to profile. and enhance IEA
