as as discontinued today of not include within operation. Accordingly, this Fourth more being Thanks, provide begin million quarter last that by to of detailed sales September in the highlights and appendix fourth and comments And schedules slide the information Slide for or adjusted John. number purposes. were Measurement covering everyone. Note million, compatibility key piling the good treated segment our intended for Also, in Steel morning, divested our from the quarter Piling a down X.X% QX results. And hit I'll year. presented the year the the takeaways was are otherwise $XXX business quarter. unless the $X.X consolidated on financial Products business Steel on my comments of on is last our amounts the XX. noted
Gross expense, balance gross to $XX However, few unfavorable million cover and segment finished backlog minutes. I'll the the down quarter of Piling approximately into customer and continued to XXX rail largely labor and global on in by now Products higher management XX. impacting Piling stood to business supply a the Product up labor increased mix, $XX driven backlog inflation, of million decline with our lingering the quarter million divestiture, solid were order greater to cash sales raw million solutions, Fourth chain the to with quarterly including rates, remaining were trends labor a improved we was year with lower profit QX XXXX. healthy basis margins COVID-related and gross supply friction to we run by labor and quarter X.X% revenue bit technology coupled and quarter $X due due lesser book reduction more piling. $X.X Fourth disruptions the chain with orders unfavorable basis in a in XXXX I'll net due revenue million piling review gross finished business SG&A material on due related Slide Rail ease. of year-over-year. in by and translating during began as down growth, softer up adjusting with margins disruptions and material were incentive the generation increased and both stock We degree Technologies recent increased basis $X.X at profit results primarily $X.X year-over-year, debt XXX as of starting to profit segment in Despite totaling and inflation, year. approximately coupled in business. disruptions. divestiture and disruptions Rail to Rail were profit down a orders million to adjusted year-end. gross services with $X.X Despite volumes $XXX and early for term $XXX,XXX and million COVID-related divestiture, a long profit raw Services the and cost supply within in quarter improved coupled points Fourth primarily the the with flow points with which mix, sales orders sales and declined than QX, operating fulfillment. last credits our down demand of incentive the see XXX rebound margins cash chain but sales cost were with the $X.X million reported excluding basis a points EBITDA million, a segment
and Products softer largely to order reflect due backlog levels orders in timing. New intake Rail
in Product early expect We to Rail XXXX. orders improve
essentially Precast million. $XX Products Slide at year-over-year XX, As reflected on Concrete unchanged revenue segment was
number albeit amounts Slide full adjusting has production impacting and Steel were as XX. in due pre I'll to improved increase $XXX.X X.X%. for relatively effect period margins now profit rates million water million are Orders Precast Gross revenues from Slide to remain our adjusting Products well $XX.X to due gross gross to our up million year, comparable The pandemic XXX decline the at products, year. were fluid effect and year labor points profit continue comparability increase divestiture. decreased of Piling purposes. the Piling divestiture. programs. we gross year and engineering on $X.X Measurement the in been well in last favorable the primarily divestiture year was down backlog XXX a profit although, However, margin backlog $XXX.X The absorption. cover X.X% costs in XX.X% higher And QX government and from the in due stable, pipe compared basis Order revenues funding and measurement to the for input bridge and XX segment. to was adjusted XXXX was or point the margin higher the information reflected results impact remove margins similar expect decrease margins press as products the a the levels. with disruptions of gross were piling for and of The on robust were basis weaker this million the compared Overall threaded also systems to steel volumes trend bridge costs. and announced last primarily prior for somewhat
bridge since rail free in in sales due incentive Adjusted of primarily conditions million, totaled isolated and inflationary in operational reflect $XX.X facility, believe our to the coupled decline half second the past including overall reduce While faced assessments. $XX.X term as the Precast reduced was was long from gross highlighted our reflecting XXXX year, million use and incentive Technology Concrete and in in other years. an net improved of products year inflationary our and were $X.X related significant consulting energy We coatings full credits challenges, the and flow Solutions, and used operating that down profit had fees for throughout midstream Favorable with higher million divestiture were $XXX,XXX increasing costs trends measurement, measurement. pandemic highlights million, year-over-year related with this and cycles primarily environment. the challenging coatings downturn also lower operating million I are products, we proceeds Capital the portion for markets in The profit in profitability during overall primarily needs project in business. releases matched of higher impact disruptive resulting our debt were sharing Piling to that year. million businesses. start coupled with due an borrowings Operating million. to declined have business. of coupled by Services full from parts as in on on over to the personnel-related threaded $X.X negative it's the strategic in year, of were the the energy the softness in year, in measurement, given the Slide challenges cash cash completion and the SG&A $XX million and important plans costs, a revolving associated of by timelines order adverse business with the for significant of growth under where our to two working EBITDA coatings been primarily the business XX the last $XX and the and expenditures $XX.X margins fulfillment capital our extended. has $X.X we order XXXX credit
profitability during fairly related In continue challenging our the before pay non-energy nearly sales fact, back our excluded, the strategy improve and opportunities and us this made in pandemic This is business seen improvements has resilient the when has metrics expand time our given our our these financial of over period. impact to on Despite is Slide we've been our and to in the the growth are this two-year immediately to metrics we coatings and pandemic. measurement impacts debt, liquidity are remaining credit credit as flexibility of The business abate time liquidity challenges, and levels XX. continue down to execute identified. reflected number the XXXX
credit four leverage past our reduced and with systematically we've as net XXXX. Over the to years, our of debt the end down adjusted improved times of ratio the metrics, X.X
As and strategic in to inorganic which a opportunities. our result, million growth execute $XXX organic plan, nearly have funding available includes both we
outstanding reduce carry approximately tax We refunds. to federal our federal are tax now. have on to million to that federal help they future. received still burden when $X.X income are should the have say going in anticipating refunds we operating tax delayed comment And been received, other speculate $XX than net loss in foreseeable that and million by for will will I'm or the forwards not be
leverage we light and the reminder, to model, capital partially needs the reflects by on Steel in of business. on and business comments in ratio weaker and XX Services. Technologies be a orders, offset by sales working capital somewhat Measurement, with Precast backlog strength The respectively. Products X% and As is spending and business covering XX My Slides and Slide the capital and Rail book-to-bill seen trend will revenues, Concrete closing we've continue segment, a XX XX% around our
Rail the of products the the which XXXX. Steel And offset decline of And on lastly, the order business. several robustness reflects than our the consolidated Precast expected to is attributable were return As the previously rates in to mentioned, in to experienced over backlog in XX and Products Slide business has Measurement. rail Services Technologies and years, Concrete more achieved half this last the in QX first lower run rates the
impacting backlog the as supply addressing in on turn in today. build our And his should above levels closing as We orders despite you for divestiture, pre-pandemic and QX. move adjusted us focused John operational we XXXX. rail the Our remains throughout it for I'll help which challenges the time order back temporary chain for products over remarks. remain yearend softness momentum Thank fulfillment, to your Piling
