quarter, morning review on provide our balance the results and an XXXX sheet This financial liquidity, guidance. update our Thanks, our review for I'll Scott.
XXXX. awards; is XXXX new contract Brickhaven significant the not us call, we ways. XXXX completion previous the due will in transition of in year of timing our for The with to that early in business offset with EBITDA into XXXX a loss discussed we business As several new of from EBITDA accelerated
to XXXX We $XXX awards expect us by decline XXXX in XX.X%. $X and SCB XX% of acquisition track Environmental million of interest year-ago GAAP rate fair net the later year expectations. attributable of Adjusted for value Revenue a Gross our of profit increase year-ago EBITDA for a million into swap $XX margin gross million to of put We $X period. reported our XX% down increased $X will million compared million that as was net The in $XX non-cash significant to million our first decline increased lower of profit segment. mark-to-market adjustment a $X line to $X.X revenue period. $X which the with million expense. declined quarter on from first on loss decreased growth interest attributable profit. of million most back added was About The of $X was The the lower decrease quarter X.X% half driven XXXX profit which was this a EBITDA the primarily from and or million the March the gross strong in Solutions business to in to quarter Gross million. was to or in beyond. new or and driver XXXX and the X% the revenues.
In addition back periods, was expense non-recurring for although XXXX, comparable to we G&A in G&A million $X reported expense of two adjusted the EBITDA. added
to segment, XX% $X revenue due profit in profit Turning $XX a Remediation Environmental increase of margin to our for from segment $XX to million. declined segment, in XXXX. weather to of accounted reporting net remediation for Byproduct revenues with Services started our million $X to others. review the the and adjustment from $XX in to or two discussion gross quarter increases. remarks. business, to technical a in and or quarter three sites to adverse resulted million cost XXXX our and attributable $X maintenance total $XXX $X segment Compliance Services services of outages In remediation Most Based for decline the million the the decreased including the to weather XX.X%. segment schedules, and expected impact million of rolling million. six we the our we off. issues of the and margin unanticipated of revenue two acquisition revenue million have costs jobs work sites through noted a three and To-date X% first these million Gross SCB first and in of at in Solutions each as completed completed In decreased site issues of million an to and of or segments. In affected Scott gross mid-May, specific Nuclear increased our March This his and margin declined $XX delays sales XX% gross the was on contracts in we XX.X% flat outages. on results. two recorded
partially from lower of profit reflected million of outages fossil decrease approximately The gross added adjusted costs was on profit the start-up mostly outage lower service revenue the quarter. Nuclear XXXX as margin APS effort. by the the offerings. Services fossil lower XXXX lower amount resulted maintenance modestly of reduced modest services offset the was nuclear EBITDA. APS to the for increased profit These very in and the from with business the a $X.X was to were the contract Gross than associated from service January. in revenue start-up in gross the Gross in we The Services increased the the offset scope from and aside back business fossil partially contract as gross were X.X%. revenues period. Nuclear year-ago However number new profit fossil by nuclear in relative period anticipated to increased prior This X.X% higher days
our to discussion disclosure Before a like of out in find segments, point you helpful. I that XX-Q this might revenue moving our on from would
our we technical byproduct In down revenues which footnote compliance only revenue percentage categories, XX, three products reflects statements mostly which and projects on percentage and of have in segment. for services, broken accounted provide remediation revenue; financial everything basis; revenue a our into completion but sales which those segment. and Our are includes by completion, includes else includes of services maintenance that
cash will review I flow. Next
working the and in in estimated CapEx flow cash cash $X to flow of a quarter quarters million. $X.X positive a on contract. to roughly or $X operating $X contrast operating modest increased despite equally impact million capital the Changes CapEx. million CIE, earnings Our in few the past had in to in and million maintenance and increase split excess Brickhaven technology-related billings, approximately the quarter costs related growth was primarily between CapEx in
new technology to expect continue We trend rollout higher work to remainder CapEx awards spend as we the receive our year the initiatives. and over of
level. balance XXXX nearly In the was $XXX our and consolidated to Turning sheet from March gross we of which year-end XXXX, unchanged liquidity. XX, million debt had
which at $XX.X times the a in times Our million. decline XX-month net EBITDA due basis XXXX ratio trailing was X.XX to up X.X was leverage from year-end on to
our million we payment, year, Brickhaven of to related approximately unchanged which calculation Our Duke rolled leverage in expect ratio this liquidity loan amounts the the received and gets our our by later XXXX. we under After would year-end XXXX portion ratio was expect again year-end. anticipated the as EBITDA $XX however, from we lower the nearly outstanding from a into we fully term increase to repay see reduce revolver
Looking growth our should drive we XXXX ratio. in beyond, EBITDA improvement ahead in and to that leverage the expect
XXXX our Next I'll address guidance.
to proposals noted, prospects for XXXX range to $XXX range We Scott of $XXX we guidance confident million from awards. million. $XXX have to work new million As remain of converting revenue the about a to our previous $XXX reduced submitted million our
the Environmental business a existing has not and $XXX revenue our is the awards. course of only revenues The XXXX on year, awarded revenue the million business. Thus previously. a clear by higher over and in remediation we had expect of significant in revenues timing should dependent revised revenue substantially timing we in as sales we delays XXXX our be range compliance segment decline byproduct of new additional modestly that is offset our end work Brickhaven partially contribution year. through decline acceleration business services and do by receiving as these underpinned expectations. XXXX However At with to of new guidance the as the into the XXXX result is to we contract business this lower and from new lower the XXXX awards to as of Solutions of to-date of a business level, The to slipped it in expect that previous continue will to and us move be relative
on will We and lower year. XXXX revenue services technical decline by lighter expect with maintenance services to XXXX our offset a to modestly services in fossil due segment be outage growth this in the in schedule nuclear
guidance the a our within million EBITDA provided come range terms million. the we In maintenance segments, segment. from maintained XXXX to will technical have split as the adjusted of for and the half we of more late XXXX Notwithstanding still that March. for reduction our the when than revenue guidance revenue services $XX range. in we our but revenues view adjusted two lower moved between $XX internal expectation of EBITDA conservative expect the XXXX, outlook to revenue lower for is XXXX, in has We this With guidance
is our margin new Although assessment new business we anticipated expect of on latest type, is lower, on of the from business revenue work our complexity expected new amount awards. gross and of higher mix, based that
of of not on optimization a limited including cost and available but to identified number jobs to us performance efficiencies. We have also levers existing
would guidance, lower the that quarterly we be quarter the second note EBITDA level. than providing I the expect not first are of the adjusted weakest quarter with we to year, Although
year. in to XXXX record Appendix fourth provided the up call been in of the we continue in have subsequent with the and comparably yet were with quarter, which contracts previous sized detailed supplemental associated in the presentation. second our the several quarter March projects. quarter a these on largest the first completed the some I new would to on From quarters the also and being ramp EBITDA like contributor with of color you review items level, contracts Riverbend anticipate replaced we Brickhaven meaningful by While we not
note partially lower expect For amortization than to $XX XXXX. and XXXX, which XXXX into the $XX to the we completion mostly G&A option amortization the credit be million contract the amortization component depreciation XXXX. of expense in first million a included Brickhaven was We million the that of liability offset by of expense amortization quarter level depreciation of of that includes of approximately accelerated due significant intangible assets million in expense purchase is recorded $X the and $X Brickhaven
expense the of purchase stock administrative of Brickhaven For option XXXX, This the in we non-cash of expense. liability. figure million. the amortization the excludes XXXX items expect XX% comparable ballpark $XX non-recurring amortization Approximately recurring of comp to consisting and the and general and be G&A is expense of
to $XX loan expect result the of $XX refinancing expenditures. this depending interest be as in million XXXX cash payments We level debt year capital timing the million repayment lower term significantly range on of to and our a of the of
the the However record term on the to level vary swap our respect depending of GAAP expense with rate loan. will we adjustments, mark-to-market interest value non-cash on interest of
free that of as a contract. expect cash flow will year this early with the we be positive expected later of year payment result the completion connection in significantly this Brickhaven the noted As cash
are conference by Brickhaven call. an our I'd we capital on finalization the to so update XXXX not do second to we expenditures. our guidance pending provide time, this plan related quarter also flow at providing payment; Although cash like of
does forecast change not from our quarter commentary. fourth Our
expect new CapEx we to business this spend rate in $XX on awards We dependent of be CapEx of the replacement timing million. second approximately XXXX. half will continue the or of expect the to maintenance-related CapEx Growth and increase of
an update our months at driven and of conditions, As work our CapEx, next MPXXX the out on roll we to slag of to spend respect will necessary. obtain rollout market the through the facilities as grinding With the driven. while required clarity several greater technology assessment and customer new we technology related by of awards, discretion is provide timing proceed is
announce able that contracts we strong seeing potential customers and interest be we're noted, to this are Scott will optimistic by As year. utility
XXXX turn could rollout. or technology-related increase to back With technology continue million the of timing I'll of the of for call awards, into CapEx decrease could slip that, we million as the Depending this portion Scott. $XX to a $XX estimate on XXXX. Our
