ago. Martin our in everyone. Investor those morning, like you, to weeks Thank taking morning. thank to you good for our time and who also would Event a call Thank this to again participated ever I first few you the join
margins are deliver with to above pleased slightly revenues previously our quarter net first guidance. and in We our with results, communicated line
platform we calls, other foundational As value. of to can and the provide continue focus and from our me enhance each our health This we on serve you've priority. employees in of the shareholder which one say wellbeing communities heard and number which priorities prior the remain
recent Tom and through margin will summary detail. expansion guidance results, our most opportunities walk growth our provide today's to call, update drivers results in outlook, M&A quarter During the call in I efforts you before including over turn strategic on will key I of and more the a first Tom.
this as our to begin the March COVID-XX Therefore, against impacts QX largely are remind we to free highlights year. last walked move until the Before mid reminder, from results, did through copying quarter business a calendar. the QX everyone ramps last from I we Also, like year. up first as not would from to late negative through experience that COVID-XX our I APi
during the and Our or at cause revenue the cold beginning can activity is of outdoors. the with majority typically segments, particularly the lowest months, performed year Services where work, in winter the is with of delays -- way our our and conditions what a because snowy Specialty our Industrial
As the improves, so to weather opportunities. our
by at in driven experienced tough of pressure relatively we comparison put serve. businesses, XXXX, our year-over-year margin of tends margins. have quarter first extreme we on Therefore, weather conditions certain to a which several the unfavorable also During weather we
was All performance basis compared continued the by in projects XXXX of disruptions three by revenues and driven of This year our to include impacts XXst, of Services for from and our the months site that highlights performance following: in demand execution prior quarter. the compared negative the being said, Number year organic by anticipated delays Industrial with March prior Specialty and and period segments, excludes the net offset our to an increased conditions. increased I'm first to Growth ended the very one, on due weather in project decline COVID-XX Services. Key pleased job timing Safety and period. unfavorable X.X%
the helps service growing a business. which protective mode and focusing of build our revenue, Second, around continued on we believe recurring ongoing inspection goal more
the Third, which primarily of to selection and Services gross margin customer increase mentioned adjusted Fourth, XX%, Services. due expansion. drivers project EBITDA disciplined margins grew factors an improved in points. the XX an margin of Safety in inspired advantage the were despite XX I points resiliency competitive a who like ongoing serving Specialty approximately is help basis members leaders the and figuratively for and expansion focused demonstrate our continued I'm and both shareholders adjusted efforts. of is thank to of as that Their driven value. continues mix by XX,XXX team thrive gross This remained to leadership of on commitment to and our customers, facing appreciative I'd approximately quarter. and literally headwinds, this their efforts them are that they basis
costs Before markets, opportunities us is ability stable basis. summary end followed our end opportunities turning revenue projects to that our and platform spend The all to call believe cash margin our a creation, a drive markets, diversification flows on Tom, expansion minutes I'd over $XXX,XXX, outlook three of discussing than and including for to value including with raw further provides size segments, projects, a within customers, geographies, a helps across by the timely We key organic which of growth. to like our few average pass M&A. strategic and material on our of less
contracts to don't changes or inflationary that in of inflationary market may relatively goods exposure our short, labor sold have that our nature, peers and the experience cost we consolidated of our revenues. representing term Our longer are average project XX% environment. is largest multi-year such duration in expense net an service initial of so price in On master approximately escalators utilities, agreements typically built end are our as In telecom proposals. into total some
strong, of recently the expenditure maintain relationships master rollout service service customer on of with direct from to two are our in and guidance believe to increases growing focused are agreements. benefit relating capital revenue well-positioned we announced to continue telecom We customers. We XG national through multi-year
given and our annual have any know, tailwinds, year. as X% customer additional revenues you concentration While these net in potential customer low way of we no typically represents represent than more
to As do an have our would stimulus in budget built certainly I infrastructure, infrastructure at of existing natural water XG or the while said not business such opportunities. incentivize we renewable as of bill passage services, existing our Event, anything combined that Investor the investment into from benefit our are renovation portable legislation, competencies fiber, aspects for due with there gas such energy, core that would our services incremental of
such fulfillment we in complex, These strength represents our net for The and distribution customers continue end these in end these opposed consolidated awarded to is on We -- represent and high-tech. the are centers, service approximately of to markets as work revenues. total work XX% as provide markets, also we typically see combined more level based price. of healthcare,
adjusted illustrative at recent our we EBITDA an XX%-plus During drivers XXXX. goal Event, expansion by margin tree provided bridge the chart of Investor
As other it there us we expansion. fall these any these you have behind and short, growth doubles. to many If help margin propel many believe singles heard before, say are and of are initiatives of all initiatives
disciplined timetable and realizing XX%-plus excellence, to strategic to continue establishing believe improving customer EBITDA a and are goal on acquisitions, synergies margin our accelerate an our achieve announced margin operational opportunity adjusted to we As mix, selection, by new recently confident our expansion project from We we pricing of the focus M&A driving future XXXX. opportunities, year-end spend, leveraging is objectives. in that
market of build continue to opportunities pipeline our service to grow leading We providers. our family of global
and our bureaucracy burden. the opportunistic the with with us provides also structure APi level by remaining nimble ability scale, and leverage while powered entrepreneurial local reduced to overhead Our at
Event, opportunities Investor would some these As are I a Jim also our updating results one over our progress. to as and Tom balance more discuss you traditional M&A hundreds, -- dollars. up partnering several $XXX million, with we ranging revenues while up larger at XX to to reviewing opportunities, potential and with mentioned Martin revenues look with from approximately low traditional at APi now to look financial opportunities through in the We look on forward of Tom? I forward to detail. call to to closing move the expected of to on year we like hand our the billion
