Terrific. Gary. Thanks,
the growth we're we on revenue reporting in organic forecast more quarter, in be a of Factoring to delivered pleased of we XX% have our previously $XXX XXXX quarter here on total I'm the million to to once pace our service acquisition successful are recent raising a growth. guidance million guidance. XX% another on $XXX roughly With results first deliver $XX billing that rate range in net activity, to million. new orders
as to compared first $XX.X million XXXX. $XX.X service revenue or million to increased in to XX% $XX.X quarter the year. last for million or million to million Net as billing to Gross compared XX% increased $XX.X $XX.X million $XX.X
utilization relatively growth revenue power. a workload so we pricing X% combined X% to consistent the again Our over periods about to our increased our headcount, higher between was attribute with
net our mix basis of revenue. a gross consider variation a ratio to by negligible Our We XX% on XXX and to as XX%. normal periods points compared to decreased is between this based
We in transportation, expect our specific connection outsource small and are to work regulatory business to required this ratio enterprises to requirements, mix contract particularly rise we help where meet their periodically disadvantaged obligations. and with and fall often in customers to revenue
infrastructure was of our projects. projects. revenue or activities homebuilding total consider related commercial market revenue what from municipal X% to revenue, building to of as roughly a that our building building revenue our would Floating revenue XX% ago. residential infrastructure year our our from Our of from infrastructure XX% just infrastructure revenue grew revenue was XX% down quarter, XX% was so representing last from remaining XX% year, XX% coming around be of of more revenue in Approximately half as just balanced first related. nearly The under category XX% revenue of to with continues of the derived by representing mix with infrastructure compared building of derived XX% or total
as which revenue of million energy renewables feel emerging continue comfortable grow which $X in assignments, continue infrastructure we in that us our confidence and underlying from gives characterized of originating ability to in the of revenue. orders the customers to from We increasing health to transition the year, segment market. market that previously measure building volume indicates had a our demand Last roughly this generated we economy,
with transmission projecting of convergence continued the revenue energy our category. we in this With to the growth along utilities decided energy renewable and are we services, and consolidate into power transition, infrastructure traditional
adjust will historical comparative future accordingly. reporting and disclosures our We
Gary additional later of our the other call. color mix revenue will on markets be providing in
Gross margin primarily to overall the an points between periods. slight to consistent may in profit anticipate shift was our change don't anywhere increased meaningful based work the quarter due mix points to this relatively by from XXX XX.X%. of rate. Gross our $XX.X from shift that the utilization in million We a basis rate $XX XX.X% to XX% margin work of of basis to our million. million margin and mix gross XX profile. on from be consider We was in margin our gross during year-over-year a as to or indication compared decline or The blended by $XX.X period decreased period firm-wide XXX as fluctuate utilization to
all Cost cost of on and goods spent fringe direct includes time operations, customer compensation costs plus labor, labor, the associated assignments of expense. stock sold non-cash
associated and XX% XX% billing. to of XX% of of amortization, year SG&A, quarter net and comparison better the in expense operations was all exclusive and this and in believe corporate I fringe of depreciation metric. along costs roughly XX% stock and all last is and XX% labor, first XX% This non-cash with both includes SG&A on fourth compares resources, indirect of the overheads. and trend a which compensation quarter gross year, staff last non-customer
of rate see the Over past the of in operating we growth point the we of expect less the to reflecting rate has leverage course XX can that revenue, model. SG&A SG&A our meaningfully in the our believe of business whereby months, be to the our grown than positive growth
now into efficiencies operating systems The from and organizational reporting We acquisition, recognize fully platform, McMahon acquisitions fully largest structure. date, our to increased they're once our integrated. integrated is
awards The compensation Stock quarter in This $X.X IPO is retention unchanged $X.X issued million. The million. issued was of new compensation for stock effectively and as an with March $XX.X incentives XX long-term the plans. is of year-end. remaining future compensation in to connection XX acquisition million from reflects our connection incentive for of expense December increase to employees from grants and remains the expense with grants prior awarded expense
million, or XX.X% on EBITDA $X.X increased adjusted margin million for represents Adjusted billing. to $X.X the a EBITDA quarter service net XX% which
and on March count of see grants increase includes to the margin vesting. expect net units share issued XX as stock long-term include performance future This XXX,XXX was restricted all million. this shares of pace roughly service outstanding progresses $XX.X the March subject prior year but We XX not The total accelerates. time-based does to to unvested billings
not diluted million that Our were counts weighted unvested but shares, average share million include and respectively, XX.X and does restricted awards. time-based basic $XX.X
cash our ratio leverage on of million $X million We line X.Xx in EBITDA healthy were EBITDA our million representing capital forward $X shape before from million changes midpoint. deferred position undrawn a down $XX cash remains a operations adjusted of have of working of BofA year-end, great $XX sheet million in balance $XX guidance after and X.XXx Our adjusted at net flow with tax. nearly and and from debt, trailing with
tax we work for recorded incurred connection expenditures what uncertain which include change change, from advisers million be deductibility tax $X.X our position the fringe related Speaking of labor to with a but accelerated regarding In Pricewaterhouse in an at costs, of and as them of payments the if by continue recent development at classified timing long-term guidance research on incurred we IRS associated tax, with the and engineering firms. provision closely and this XXXX would additional await risk costs new obligations.
ability the we've requirements and cash our going flow, doing. on available with confident feel free hand consistent meet cash of to been debt, Between in acquisitions we what forward,
no of they as additional immediate good on we for future and governance raise have an the S-X we arise. capital, reach eligible, needs two-year we when if IPO, and to are have we anniversary While to file it's shelf our feel plans
anticipate recent we with earlier of our guidance the in connection We a acquisitions for adjusted the $XX full our EBITDA mentioned of million, million $XX we and for As outlook in revenue to year. the million. year $XXX with are range call, to $XXX net million increasing
we the we'll accordingly. As year more clarity, achieve narrow range that and progresses
file XX-Q our we expect later upcoming forward prospective We investor shareholders. and events meeting where several today look to be existing with and to will
turn to Gary. now the I'll over and back you, call Thank
