including Thanks, measures John more on the of referenced. everyone. and good by appendix Stephanie provide in financial Note I'll first begin consolidated detailed that comments on my the our our schedules quarter X. the morning, highlights the results, non-GAAP covering information Slide
reminder, in last today Steel Measurement operation. for year noted business the a presented discontinued purposes. unless comparability business treated the segment, include and a amounts the not our piling and otherwise As as September divested Accordingly, as within piling is adjusted was being Products
$XX.X last down were from million First-quarter million, or QX XX.X% year. $XX.X sales
impacting profit piling However, Gross adjusting profit Piling the raw supply X.X% up of piling the XX reported material up the divestiture, and to down to points were basis QX for labor year-over-year. sales business. the as in margins Gross balance disruptions divestiture due was divestiture. the on with coupled as and well labor chain a were due basis inflation,
piling gross highlight reported profit margin gross XX.X% points in down adjusted of QX XXXX. to QX compares for basis the profit were XXX that However, margins XX.X% would year-over-year. I
the current of has the declined some So rate quarter. margin eased sequentially in
the impact where on implementing the are business increases price We possible. of to inflation mitigate
contractual the and others, given business considerations. been have And some successful of than parts competitive more
to to our balance higher However, declined through business. will SG&A thousand QX with profit further $X.X continue to we in slightly EBITDA XXX XXXX. we and lower million from we pricing believe margin costs improvement actions, increase Piling remaining gross and million the $X.X margins in progress the due to see as and the expect see due and divestiture
sales first QX. of a on period top slower quarter in seasonally a period is The low for
we result, operating improve million year operating a $X.X As of usage flow was as cash flow cash the to progresses. a in expect one
backlog with $XXX a totaled were excluding the million robust of John orders $XX ended up or a XX.X% as piling. quarter and we million First $XXX And million. discussed, quarter
starting segment on the the each our three I'll Slide Over segments, our rail X. cover slides, next of with performance of
Despite First The products Rail and Technology unit. part QX Services decline revenue were the volumes XXXX. higher driven orders in QX million offset sales rail points Rail year-over-year, in in due $X.X business segment quarter year-over-year, more business as margins, of basis and and up XX Solutions well gross increased Friction profitable to sales, lower margins and and in lower slightly by our units. margins Management products Management segment volume businesses, in timing Solutions by Services Rail decreased largely and as versus Technology higher of the improved in was Rail also products. Friction
segment or million on year-over-year. XX.X% As $X reflected revenues Concrete Slide X, Products increased Precast
strong the demand The progresses. programs. Measurement in actions Products year The coupled result profitability government XXX Sequentially, to product with primarily and cost manufacturing input XX.X% XX and were well However, precast improvement down $X revenues impact points margin primarily production as basis of absorption. comparability as engineering gross impacting due year-over-year cost to should QX by the continue increase fixed favorable in the down margins purposes. of Overall announced information and increased disruptions and higher Steel with improved business XX labor remove as the expect trend margins in to our piling points. we basis remain and in been divestiture with attributable lines. precast year-over-year has Slide Orders and the to measurement backlog our or precast threaded the million this were funding robust for adjusted segment, on
longer-term XXX improvements down our were challenges in margins protective volumes QX year-over-year, the metrics absorption due costs this and manufacturing reflected While margins basis to cost bridge segment Sequentially, unfavorable and improved on were XXX made higher declined and labor, business. we've Slide parts the for in XX. ongoing in volume basis profit of business the and coatings segment. gross steel, points this liquidity points The credit reflecting are project products in
despite improved Coatings Over X.X effects business. on and last result the to the down overall flow, was The increase our Measurement demand credit lower XX.X times million our at net the debt end Total adjusted primarily debt of systematically of the cash past in metrics. pandemic our four at million X.X and years EBITDA quarter-end, the and in was from we've XX-month reduced and QX leverage net trailing the realized of year. ratio adverse
leverage rate in the seen book-to-bill The revenues, XX quarter Concrete order over we're sequentially have cash capital orders operating the million. be net federal a performance. Rail times foreseeable light times increased $X.X year-over-year future. strength is leads consecutive QX. longer-term generation line Services outpaced our where in will backlog run Slide on million in help model. we've ratio will orders closing and After a by of our stated and we continuing financing and Our business federal covering around leverage two carry in and basis. of with business. Slide comments given year, XX-month orders, reflects This have and with XX million softer up QX with in were forwards ratio remains anticipating sales, our reduce we've on Technology still to Product that My last and overall our for burden XX% XX% and on below We're loss two remains X% of approximately sales businesses $XX that the around Capital the XX a ratio tax by Precast about refunds third trailing federal comfortable tax $XX income spending all
XX increase And of a lastly, consolidated in Concrete Products QX Additionally, on sequential Slide of Rail Steel our year. businesses. reflects the and Services robustness and XX% Technology backlog Measurement Precast the and realized orders last from
a demonstrates the and commercial serve. we in backlog the year markets high four-quarter at is that Our business and strength end underlying
coming John we I'll for closing continue this that optimistic morning, to the our remain time we turn for back it now and Thank improve result, a playbook. as margins and to quarters his your John? over remarks. in will As execute revenues you strategic
