Thank good you, morning, everyone. and Rick,
million XXXX same Our revenues compared the or million, last first quarter $XXX to were $X year. increase period X.X% of an represents which
to revenues distribution. XX% for million service increased projects increase T&D $XXX revenues for $XX million, T&D segment quarter year. projects. transmission million revenues. last period first and were the an The $XXX million $XXX revenues continue and master our was represent $XX approximately compared Our of same of distribution on of transmission under to XX% Work million breakdown T&D on agreements performed T&D
of a decrease XX% to same revenues period C&I XXXX. are year. to start $XXX due million, were of that projects the to revenues expected C&I in compared certain later decreased delayed last segment The the primarily begin
was was which for XXXX offset on productivity, chain order favorable first results, supply last partially primarily venture change due favorable and and a the margin margin unfavorable quarter inefficiencies, disruptions period XX.X% same orders compared year. The and in caused by of the increase for rising were job associated project weather projects, gross joint to favorable were gross certain some of with and an job to Our inclement XX.X% change unfavorable margin improvements closeout. by closeouts. costs These experienced better-than-anticipated labor
The X.X% in was was compared that the to year. margin increase experienced quarter same increase a which were progress, disruption. to work X.X% productivity, also which C&I favorable related inefficiencies, favorable depreciation of inclement negatively last depreciation acquisition, caused increases was one also fleet an C&I decrease income was labor which These compensation energy the for a decrease and project supply to and expenses related expense higher clean progress. period work offset to of geographic of offset These unfavorable in income chain projects, and year. operating of well most to period The due was same some project to job in as income compared and productivity change by fleet energy margin impacted change the primarily clean change results, XXXX, area for closeout. expenses. order, venture to operating an in X.X% by XXXX for some higher prior higher maintenance in order. orders and margin due partially contingent were for of partially related joint weather, primarily quarter by decreases better-than-anticipated maintenance a projects, better-than-anticipated first inefficiencies, and unfavorable favorable and the as primarily operating were by an and last first T&D labor X.X%
$X the First in to increase primarily same and The year. increase period compared an our prior increase quarter an contingent related XXXX compensation an due to to incentive compensation in million, $XX last increase in SG&A of million an increase expense acquisition expenses were was costs. expenses, employee-related employee
higher compared XXXX The increase higher interest outstanding period to of $XXX,XXX was last to increase expense same balances First the average interest was due and million, debt year. $X an rates. quarter
compared the period $XX million year. million period First to year. diluted for to quarter for Net XXXX last last same income net compared $X.XX same was $X.XX per share income $XX the decreased of
our $XXX quarter $XX of backlog XX, for last was XX, C&I March X% year. same as XXXX ago. as segment. million EBITDA of our for segment billion a year March lower compared First and million $X.XX consisted to XXXX, of million T&D the XXXX, $XX billion, period was backlog than Total Total for $X.XX
First sales provided was operating prior for same timing due as year. by of was operating activities decrease operating flow primarily billings payments cash as outstanding to quarter period to $X the our cash million compared year. the cash compared an last The increase of and in XXXX in as $XX to well the days flow million
quarter First the period flow last for capital reflecting million flow negative $XX $XX higher free and operating million cash the of cash year, in to decrease free same compared cash expenditures. XXXX positive flow was
our had $XXX We of and million XX, balance XXXX. liquidity funded availability $XXX working March under million and facility of to capital, approximately debt in credit borrowing million $XX Moving our of sheet. as
our as a to meet funded that We our future now needs, credit I'll March balance growth business, have support our facility, working turn continued enable sheet the Distribution capital of strong strong of Brian to XX, us and believe our and of Stern, shares. organic We segment. to debt-to-EBITDA will Transmission pursue XXXX. X.Xx the ratio leverage of provide operations acquisitions overview cash repurchase maintain an from opportunistically over who flow will call and
