quarter To adjusted of I consecutive achieved Further, at we progress to very call, begin our thank of quarter tasks since the impressive we second plan XXXX. you XXXX. represents to have call, approximately have over proud Thank the to of our for am that everyone us the and all goals record priority announced million, bridge against increase continue make of we profit you, today. significant last from completed highest joining the $XX gross second profitability which Chris, to a an XX% say and today's end
quarter flexibility. certain margins, since these just liquidity execute Our The efforts progress improve to through to fourth designed increase position and Rubicon initiatives team the successfully the operating to plan, which our financial and our in has key costs the strain to segments been we continues focus business. improve financials, the is reduce the impact of the margins and last profitability of reflected in of and our on Company's double-digit are to accelerate year see beginning
significant are this for third fourth positive impact We quarter. EBITDA in gain confident will quarter and the momentum in adjusted the result
minutes of provide few of customers will and and in partners. story, the cloud-based take recycling solutions. details of leading Rubicon the who was a provider will our are we for with company and to But describe you in more the work today the progress waste is call. global I XXXX We and later our Rubicon those do new to founded our
and key generators, constituents: We serve haulers three waste processors.
Rubicon's governments, software with is for waste vendors management for their multiple and service the waste our waste platform eliminating recycling including coordinate local all pickups. to single generator and locations, customers, need a For businesses solution across
their customers to Our pickup monitor ESG data, that on analytics products and also reporting and and performance. provide enable report schedule optimize their
the to Further, and unified customers billing, intelligence artificial of provides ultimately reporting suite can overall of Streamlined reduction also types their operations, vision technology and consolidated and assess Rubicon costs. drive materials streams. a optimized use in products, pickup in volumes frequencies computer which transformative waste
helps as net allowing customers even waste the offset be generate sell to profit. stream technology which commodities, materials for or can that to Our identifies them diverted expenses recycling, from
services, optimization platform including provides and network where as to and and fuel, city and access to consortium through of buying and both products resulted waste opportunities haulers, Rubicon's taxpayer and access save customers fleets, municipal private generator a significant services fleet at business for and insurance purchase waste new customers For route easy-to-use our can and parts, our fleet fleets benefits a tires city time have money such help savings. in management discount. fleet These
our fleet, solution In fact, one Rubicon for Smart fastest-growing is City our products. municipal of
and City run helps Smart recycling operations. cities and heavy-duty waste Rubicon smarter faster, more fleet municipal efficient
and only sends managers, Our recycling contamination can times time service dumping. efficient for to routes, department and also it with become drivers more software which information improve like bins, helps illegal not response their but pickups, back issues block captures
this lower substantial and of municipal improved driver operators. to satisfaction, safety can increased citizen cost savings from morale operations, carbon All lead and
Our waste and higher-quality materials customers to to technology consistent receive waste spend proprietary of and our technology processor our increase generator and customers partners valuable and quality commodities. diversion processors. to more relationships with enables high Rubicon's rates rely volumes on recycling
to XXX and logistics with rates. grow, network and that commodity types customers significant premium We customers unique and improved has from benefit broader our to haulers for them practices waste service streams than locations to partners ability manage continues also for pricing, better best offering, designed the XX Today, X,XXX capabilities programs allow performance. more diversion our of increased handling recycling and a as to our achieved scale, material surpassing command million incorporate Rubicon service
revolving package, for of significant of solidifies strides EBITDA financing adjusted and In our financing which $XX the financial liquidity discussed position objectives made past the achieved the strategic forward a year. to line term earlier had we we comprehensive improves we million million final of path and to the The the a end $XX the positive the calls. on Company objectives we've includes In by June, we which that profitability. was package, up as new three secured a and great loan quarter, announced credit
on in we future. focused operations optimizing place, and sheet balance stronger the now are a our for With fully growth
of Since Company's margins, on and the XXXX. operating In focused of the profit have addition, adjusted we XX.X% on end we our plan, gross to to quarter our flexibility. expanded costs progress improving the by quarter continue XXXX, the reducing the make margin basis second XXX increasing third profitability which and strength significant end points to of as is of bridge financial of
was portfolio business, existing for growth targeting through our eliminating Connect the lines Rubicon and customer SaaS higher-margin business, businesses high-grading within growth This less achieved higher-margin in our profitable accounts.
previously have general fine-tune through reductions. also and annualized of help $XX growth the or We optimize We've administrative XXXX business. an within reduced designed by supplier been expenses core an million able estimated July to force without our on expenses basis costs as operations sacrificing and to announced and actions
we alone, Rubicon Smart the wins. family. Colorado June, second During to the quarter welcomed commercial Denver, we several announced City big In
and greater is the Our and efficiency. of of county waste technology vehicles, city enabling recycling now fleet XXX powering and solid Denver's than digitizing operations more entire
are We deployed cities, the including successfully cities years. year-over-year eight U.S. proud city by XX over adoption with the few XXX achieved last announce of City Rubicon to our Smart for technology This that than years was more doubling the incredible six also top municipal just milestone population. in has fleet in
fleet the shaping event City We prospects ideas line. city expect featured product Management, partners to New to on York June. future and The similar of with municipal Rubicon momentum in technology. our opportunity the in continue for and Waste meet next innovative panels keynotes, Summit workshops -- Smart an operations We at and this smart had
Smart the best Rubicon hearing the features feedback positive For most was whom as event capabilities rewarding share of interest City well them customers with as customers, their and this the of me, the receiving due to our with many from and their practices prospective of aspect peers attended in product.
platform. continue We grow new with to functionality within customers by offering our features the and
we Summit, billables the creating and based integrated next exceptions, interaction further announced of and between the updating from customers easily During functions. streamlining Automatically fleet on operations feature to an digitize billing launch status billing operations. charges
and Artisan for of commercial our the platform to as These growing of current has several Rubicon Rubicon customers. will wins True Smart other City, our and Most customers. addition welcomed we Connect with experience recycling full our Food customers our digital well Kitchen In waste like recently, scalable Floors customers benefits companies, as in new added value to product extension our services. family
are to reducing exceptional impact their service own to providing environmental their efforts excited support and customers. value We in while
contract renewals. their a We notable Inc. years. GAAP are for also further customer five delighted to renewed announce Recently, Rubicon with some
deployed Rubicon X,XXX Banana Republic than Old Gap, brands, market-leading and retail States United Connect Republic Navy, and the Outlet has across at more Gap's Canada, Athleta stores lifestyle and GAAP and Our platform all of Factory been Banana at including locations. Gap
Additionally, their for contract Goodyear years. further Rubicon two Tires renewed a with
the Goodyear and deployed retail than across locations States. commercial Our platform United XXX at is more
I turn the will of review to the second provide a to over financials. call quarter Kevin now