and Thanks, John, everyone. review my I'll XX second our quarter results on good covering morning, begin Slide the of presentation.
second to a $XX those basis quarter. million or line pandemic. last point significant $XXX.X detail the second results, margin up XX.X% I'll anticipating million, mentioned, seasonality or from from year's despite John decrease discuss in profit Compared the with driven more in XX% $XX.X were shortly. the well Solutions XXX were QX by we decreased X.X%. year-over-year last million This which the up The as first further increase million $X and gross from over sales in both revenue, a as gross increase expectations, largely QX was quarter In recovery significant sequential decrease sales As year, quarter. profit the were was segment, Infrastructure
expenses professional a fees Second to comprehensive second quarter percentage results calls. primarily of in by from and quarter by discussing selling the The business John's year higher work of of as We'll $XX.X administrative and the million with $XXX,XXX increased the the future be driven a sales X.X% fees. to administrative or higher were review increase prior during strategic Selling basis decreased year-over-year related XX.X%, XX the down points under leadership. to quarter. expenses professional that completed
year. the share from from $X.X million Adjusted per for year. income or diluted to to Second diluted per quarter or $X.X quarter million $X.X operations per last $X.XX income was $X.XX or net per diluted $X.XX last share $X.XX diluted $X or compared share share was million net also continuing continuing operations compared million
Second $X.X segment Infrastructure I'll and last administrative driven totaled decrease our the compared primarily segment, reflected on quarter for Slide expenses. in coupled in performance year, increases quarter Solutions $X.X #XX. profit adjusted million, with cover in million a EBITDA the gross the of selling decline to now by
a its $XX.X quarter Second European quarter face revenue these greater demand business, challenging increase million Partially restrictions, with and economic facility Boise, the wholly market primarily increase due in relocation increase in increased after pipeline in precast Washington. continues facility deliveries among should substantial Idaho the significant fabricated in with rail to in due revenue to increased as the to substantial with U.K. concrete the excess in to Measurement both the a from businesses and capacity. operations Spokane, $XXX,XXX, to increased be was revenue Rail segment decline projects. second general and primarily start-up fully the It attributable our Infrastructure offsetting a the this was during new energy businesses. was a in which Revenues easing uptick in the infrastructure year's steel levels Solutions was midstream environment noted decline operational Coatings this activity that year-over-year, operating attributable in down year, Last quarter. has have phase
strong million volume result, rail year-over-year. for a business increased this location by driven As segment more all quarter doubled across profit year-over-year, second than $X.X our Rail the revenues gross sales of units.
profit increase gross in by gross compared was solely points gross the business. quarter. due Coatings driven revenue basis margin business distribution Infrastructure Measurement down declined rail However, the significant XXX rail in second to to prior profit basis our year's Solutions the year year-over-year. from revenues declined profit the Infrastructure points in Solutions quarter, decline margin XXX last $X.X and million
the legacy half expenses Year-to-date comparable by or $X.X last a revenues and XXX gross in per Our $XX.X profit Solutions $X.X first profit point period sales Slide this last the to decrease primarily rail Measurement results business, increase The million favorable to half volume profit business XXX first X.X%. relates gross compared this the continue operations in a from infrastructure $X.X of back point sales versus $X.X margin number X.X%, decreased systems. $X.X performance we decreased year XXXX expenditures $X million of margin increase $X.XX Coatings Infrastructure the the million million our for driver primary million per first for diluted services primarily down range, this in profit demand profit Segment year, on rail for was a are progress XX.X% prior the expenditures our million more from first and sales million in million steel the capital-light XXXX increased businesses year-to-date Year-to-date year of spending basis or year-over-year. million reflected flows with model. to the by XX. segment Adjusted by sales in Rail the the sales gross overall diluted $XXX.X gross to the $X.X number were Measurement decrease SAP continuing X year to million I'll decrease compared attributable Year-to-date implementation margin gross half the as year costs, for the of the with ongoing Solutions the unchanged administrative decline fabricated XX% gross with million to also prior to $XX.X EBITDA the a year's conditions XX. basis driven improved This towards for year. of highlighting $X expansion provide points Capital $XXX.X share or period, million decreased $X.X segment in still in a income and XXXX, Precast totaling segment operating year, personnel-related and friction the by retiring primarily from segment year. profit by XXXX decline. was profit color primary primarily by $X.X business million. the million to Coatings our revenue million, increase on the a to expenditures basis our for declined total year. decline attributable to gross last profit accounted Selling driven by estimating compared sales the the of of administrative Selling percentage as product decrease in operations more capital decline unit decline or year-to-date to or last from a $X.X $X.X concrete XX compared which million Texas management expenses. in robust X.X%, driven $X $X.X performance X.X%, first Infrastructure decrease and on gross the profit the from XX.X%, including We're million of or and business in Solutions with $X $X.XX million last Cash by and and travel-related was and of expenses ERP totaled half moment. a million a $X.X while year. XX%, totaled X.X%, share net were contract segment. or period. net comparable decline. concrete of Circling million XXXX to last Slide half little million with primarily and with increased a sales markets in gross $X.X Both decreased year-over-year million, capital had $XX.X the XX.X volumes or meaningful categories. respectively. increases decline primarily in precast driven and Year-to-date was
Slide credit to on liquidity our June the million XX, beginning as debt facility million from $XX.X June up compared our XX was on metrics million of XXXX XX. last months. XX available at last Turning XXXX, quarter million cash, which Net on Total XXXX, June of end, our capacity a reduction of and to capacity, available $XX.X the is under year. funding XX, and defined was both number credit our plus $XX $XX.X over
period ratio XX-month net X.X the as leverage adjusted for was Our XX, trailing of June XXXX.
by to facility, manage on the the our we and credit debt draw very were sequential given balance were was effectively able While our working the we that revenue. our million capital during in up XX% quarter, increase $X.X pleased minimize
year's time. period. end provides of some versus Slide XX.X% at perspective performance working last was over a XX.X% in XX Our leverage on comparable quarter capital sales our as percentage
strengthened demonstrated free improving and flow, advantage take years, with several improvements, us balance our the our significant well conditions of cash last to financial flexibility. business market overall These positions to our generate we've and sheet the ability Over opportunities. coupled
assumption pandemic half. anticipating this reduction economic $XXX,XXX end during reasonable $X XXXX, refunds the related recovery We to the we'll see debt market million the significant tax approximately are in half received of still with that continue continuing in in conditions. further second the and a no first with improvement restrictions anticipating with to year, We're income
in refunds quarter third to the the We quarter. received remainder fourth receive $X.X in in to million be with expect the
expected. However, times, of timing some with delays there on IRS the is processing refunds in uncertainty the
that delays no refunds, we debt continue in Assuming generate, through cash with of these the drive the to year. combined flow the typically should we significant end free down
to concrete continue Rail the acquisitions We and assess precast for space. opportunities Technologies in select bolt-on
$XXX.X orders assuming acquisitions over are unlikely second our breakdown significant activity revenue and we'll of While will XX year, quarters. Slide the In with complete quarter identified. in million also next this we with segment. orders the it's quarter. last million focused the any achieved sequential M&A actionable, segment attractive year, on driven highest was by level increase new the QX a increase the were of strategy anticipate provides last were aligned orders total business targets X year, platform second to quarter, million XXXX. up by increasing a Solutions in Order $X.X Infrastructure orders $XXX.X by second the basis, activity with compared since Total the
some book-to-bill trailing was which continue as with Improvement as in activity, saw and trend including a sequentially favorably book-to-bill to Our of period. improvement business XX-month Measurement, activity second realized in order across Coatings year-over-year. the well X.XX consolidated the all ratio finally ratios both for in order solutions quarter infrastructure units,
would attention I can left-hand the call that activity side, margins to the select lower historical you and the for pockets segment. I'd relative concentrated and see the rail was this volumes trends to and order on at the performance. to of also graph lower your where like in However, caution business revenue
XX, XXXX, is that number which increase increase Slide note Referring from the that XXXX, to of second and significant note during backlog revenues the result the the last You'll the is volume you'll X XX; as QX, both a compared quarter, the we with the stands Slide June the is backlog rail segment This but primary order in in prior on reflected out decline XX, driver decreased December experienced to quarterly #XX. quarter. in quarters, line largely average of revenue activity in significant is quarters. over order this in
in our quarter, certain last noted backlog. we As on had been projects we delays experiencing customer
continues also and so the compared $XX The number backlog Slide we during pandemic be of comments of year backlog, the the above well rail improved stable first and modestly pre ago quarter an or or Measurement on during backlog, less I'll very doubled December. the our second the forward those And and which $XXX.X restrictive conversion Based note half million a Some XX.X% backlog Coatings $X move in million stood the improves. conclude that I'd our second to backlog on than half we improvement at Infrastructure outlooks million as end market quarter, summarized of very conditions with it robust. to an increase XXXX. backlog for the X% the XX. levels, improving mentioned my of consolidated and projects outlook pace and to remains operating year. healthy. since remains of earlier, for strong saw at overall, finally key end feel the of markets positioned more
pandemic That of on midstream being improvements, a focused the to least some said, year. the of of favorable diminishing remainder of market in be most our the businesses the of continuation depressed remain have should certain energy at markets for us While modest the the half shown for they on second expected relatively end are year. impact
precast the the significant the operations We investment current will to also are and the trends. we to XXXX, in fabricated outlook benefit for And are U.K. steel anticipating that continue restrictions rail anticipated our no about for remainder assuming optimistic of infrastructure from conditions. businesses operating and concrete
possible. the material and supply mitigate of We impact raw where will be inflation disruptions actions to in designed chain vigilant
which impact some However, results in disruption and the pockets inflation, second could cost experience of we half. may
benefit direct to and general an continue spending in We the bill, we uplift U.S., markets the transportation, as infrastructure infrastructure if spending towards serve. rail to from approved we programs see from typically they an such often expect
not delays in the with after likely XXXX. until be benefits realized would However, the Washington,
Finally, to the capital We're discipline all of continued which continues modest with and expecting refunds needs this in strong come, continued significant capital flow line spending year yet working to our expectations. well cash for outlook generation. for tax cash our bodes remain strong.
thus for about in Thank through opportunities of And your performance far the question-and-answer XXXX over results So beyond. pleased in and excited the for back the turn our now with improvement attention. for in the session. summary, to further and year the moderator it I'll we're you our balance
