good Thanks Scott morning everyone. and
of our Before quarter like I overview I to impact and quickly results. reported XXX performance. ASC our the expand would on on Scott's of XXX review second
and was by that us approximately deferral our uninstalled profits $X.X negative In which approximately customer in the with million solutions detail million. impacted recognized and segment. predominantly sales approximately associated with relationship Lower primarily aviation in period, over materials now the most of technical technical deferred summary, expected the quarter project impacted our $X.X lower solutions associated revenue arrangement on of service were are million reflected changes concession commission, $XX the
are As you adoptions not only we are change the accounting year. this these managing new all know
product addition attendance systems In and the deployment strategy. excited deployment that our continue launch will implementation. first to QX, the I in time the of last based the as approach human are our rollout and of management The [ph] capital month. too phasing and we benefit in our in we of our launched now with we ERP am cloud us UK ERP phase phase
systems GCA legacy having to where With our team financial these combine each monthly are system, help know our I and evolve calls. ADM our finally forward of our we us will members our quarter all as new a environment. can unified legacy processes such looking
is never and implement operation. management of complex working teams our our commend system who Change easy through our while all day-to-day new to to plan our project are manage continuing I
us a be impact and live as exciting been the our of has history challenging truly also go future prospect decision-making will system. we this all to As we data legacy of the amassing our for component in that necessary an is
income segment. by from $X.X X% and increase our for our organically or On versus were share last or and million to $X.XX approximately revenues $X.XX total result, X.X% turning continuing operations a GAAP solutions driven was basis million of $XX.X per year, a to quarter compared Now aviation diluted our the billion, last year. $XX.XX technical
contribution GAAP higher solutions to higher or group. million ASC a $X.XX technical $X.XX technology from adjusted in for impacted or mix these well combination operations $XX.X increased positively an as adjusted basis from and to margin last our continuing income were both the margin approximately revenue million compared basis. manufacturing by by results These results diluted On business the of our driven $XX.X year. $X.XX on industry per from segment XXX as and share and quarter
of the approximate of During EBITDA X.X%. adjusted margin $XX.X we rate quarter, million at generated a
this a Now comparison we segment, A total provided slide year industry turning be segment also beginning which quarter. began XX presentation, found of today's out can revenue, on provided as interest historical we which between services our breaking to our group. reminder, reflects last
Our $XX margin of X.X%. rate B&I our operating of million and segment profit million for delivered $XXX revenue in
also in of stricter been standards, built over accounts. We of the has success fronts, current managing beginning see more and a of Adhering great largest yield discipline favorable to continue how result. mix produced expansion our are aggressively some national many pricing market have B&I better acutely pursuing business. margin we to has example years of to escalations the a the the of face labor including on labor ongoing
quarter, the million also of the $X helped a XXXX. occurred beneficial on reduce half but one-time reached. second the rate benefits anticipate the overcame second Additionally item taxable we quarter of year-over-year in to are this wage that approximately [ph] SUI basis segment as during also limits
related for $XXX were reported result revenue. This a as XXX but million the classified as roughly parking were sector year-over-year revenues now public leases. counter million. reduction These to previously are expenses reflected Aviation amounts rent of ASC as accounting $XX
also to detailed this the losses from contract Scott continues As segment year. last the overcome from
for regional leverage the both and continue our additional profit of offerings expertise pursuing densities million, cost while airport, logistics was catering diversifying to teams quarter at Operating matter approximate low janitorial fueling upon approach our by with $X and our building subject our two-tiered and carrier. service and a
to strong at travel improvements to our services at the demand fundamentals the throughout of this into industry. for trend We believe As as and continue as infrastructure the US airports we our over strength will long-term. lead continued longer-term well play look
Technology this has of operating T&M margins considering Like been million, profit of on $XX the retention. X.X%. segment growth revenues pricing year $XXX of operating with reported and with focus a manufacturing and balancing million B&I when
results scalable with reflect of $XX.X operating which expanding education These group with technical optimizing buying newly year's sector result to some we as education higher was more Revenue integration acquisition of $XXX a a we initial GCA. seen and in and We the pull-through good interest clients trend. is and are last have million. our profit continue million of for the high-tech as season profitable services
to results to a of beneficiary Looking convergence portfolio system education buying education and midst be XXXX. should and finally the so systems position also manage we lingering fiscal are legacy of members in on is operating anniversary new last Education challenging separate it education, XXXX non-union our contracts. pleased be for Transacting platform. as especially season, can makes of in team forward, higher we primary two the given processing on well more proportion our year's effect the currently the turnover, the on
$XXX margin of continues sales up profit in this of excited more technical of we X.X%. reported solutions has backlog a pipelines to and year, business with team almost the million, by to rate solutions, XX% be technical revenues and Turning projects The million last could operating $X.X versus grow not delivered. at only what
defined of the in is closed strategy the mega-project beginning as first fruit, months bear pursuing to Our of two year. over those million we and $XX six
outlook While continue current to segment. business, business digit a and expectation demand single at this sustainable is remind we the based seeing in that, high project unprecedented does are not we new long low about is term that everyone are necessarily teens Historically, grown has levels. to this that believe the range, the and we a growth for excited to want signal we in this
most is operating heavily by the the solutions year's technical segment accounting rules. impacted this that is profit On side new business other
earlier, quarter last stated $X $X.X year a repeat tax over year million. the ASC XXX On not approximately impact of this the million XXX also quarter. credits, was which on did current basis I year in As
to million for more space longer profit were Revenues of our in moving presence term system. The operating Finally non-acute the rooted growing as opportunities the have healthcare. for hospital with well business been million. in this $XX as quarter $X.XX an
this ABM earlier, we to This realign other could has operations sales fully Scott occur take of reach As will in third our have healthcare quarters to a the that introduced our decided to offer that fourth all leverage and realignment strategy to into advantage align segments. year. of and
once to year. integrated by between savings fiscal anticipate of generate million of the costs $X to rate We this and expect additional million $X in million $X fully run approximately incur to end
Turning million to operations cash was from during on liquidity, cash flow $XXX the quarter.
saw slippage an coming out have QX fiscal We yearend XXXX recaptured we of the DSOs of some in collection. exceptional
start timing and needs any continue including to our to to continue event, we of one for of flow We performance. job working replicate last large manage capital outside time proactively cash expect DSOs, new year's
including standby credit quarter of billion X.X the $X.X of ended debt ratio and with approximately adjusted We a bank total letters of leverage times.
XXX quarterly for consecutive During cash a the our approximately we of paid million. distribution dividend quarter, $XX total
zero on range for year. which view to and from Now could the outlook, updated guidance not guidance our any $X.XX include narrowing be to new pronouncements, we which Today, GAAP does the accounting our of positive to and basis. our the impact expect non-GAAP of are continuing $X.XX for be year-to-date a of in increase on $X.XX to $X.XX represents performance. income to bottom operations now adjusted This the We each end GAAP $X.XX an $X.XX range. reflects
fiscal a the aviation, remain our which our flow While obviously carefully. as business. regarding we the in the also we want and given overcome increases as under first as half retention to manage segment, year-to-date to our prudent is performance We confidence continue labor performance much healthcare revenue smaller must well XXXX through
well to IT We continue long plan, the to project. of below the as of our anticipate the as half reverse Additionally, as to deployment benefits corporate incentive stock-based due in our year. first reversals in related for of have some expenses our IT also of second related the compensation to the half we deployments come the term expectations the initial timing
are year. narrowing interest expense the for We also expectations our
During interest half million. approximately year-over-year continued expense million, $XX of the rates. first year term was short improvement this driven low This of was by a $X
fiscal of terminated XXXX from swap. existing In during and the our re-layered swap, new executed when benefit we addition, QX to we strategy continue we
million. of working to result we full revising a million expense conjunction interest with to As in $XX year these our outlook continued management are capital and benefits, $XX
are we now ready questions. Operator, for
