comments after results review you, and for balance quarter. year, on, Thank cash I our I will XXXX which discussing afternoon, sheet provide and Ron. be our fourth I'll our assumptions. Good guidance the the some flow everyone. will then
have our XX-K to we release GAAP of a the and As in non-GAAP most certain comparable reminder, provided financial reconciliation earnings a nearly measures measures.
well XXXX, in non-GAAP as that we second that measures exclude the took goodwill of the quarter the The benefit tax impact as of associated with impairment charge the charge.
will users I to operations, discussing year Accordingly, understand our adjusted income, better our XXXX, financials, EPS from for a the enable to our or on full basis, loss operating adjusted pre-impairment of results. and income be of adjusted net construction
was consistent reported $X.X with the XXXX for last revenue Revenue billion, year.
as which revenue earlier, important that is the fourth for as quarter $XXX charge, by XXXX, mentioned our the approximately SRXX note, it well XXXX, However, of Ron to million. for reduced
this segment are certain their activities early cycles, driven $X.X in Civil Airport year-over-year, as still by well Project. Newark life XX% in the projects, California was With and project the activity reduction, revenue year up revenue on billion that increased Minnesota increased for transit mass on as our
compared Building down Contractors Revenue was XXXX. modestly Specialty segments, and for the to
the segment, care on reduced activities projects California. health decrease due primarily Building the For to in was
activities Mississippi. gaming states, various offset and in hospitality in Airport partially Newark increased the Project. project projects on by And industrial revitalization an And
in year, venture. excuse related million $XX our a down the segment, Contractors to XX drive year $XXX XX% me Specialty last mainly the the timing acquisition an burn, additional as segment one-time the gain resulted XX% was the, the mostly for revenue to of of million, due compared Civil is with the work decrease for segment. G&A For from revenue to -- expected of to joint interest newer growth reduction
during collections cash billings mostly the with in be reflected that Note and gain, XXXX and cash this associated our XXXX. will flow,
million was to for the from construction which income Adjusted $XX million impacted due Civil primarily down basis, XXXX, significantly, a operations compared charge segment. last the on SRXX $XXX to mostly year, consolidated
Consequently, million. construction despite from operations was for segment growth, segment income income with the contributions strong associated adjusted Civil revenue the $XX Civil
adjusted couple from favorable increased $XX million, year Newark Airport. construction mainly Building XX% from XXXX, the of down projects due income segment operations prior by of compared was contributions project absence offset adjustments, immaterial partially a closeout the including to other to XXXX, in
that as individually the of The million $XX.X totaled were from an mostly on York, electrical construction projects Contractors segment adjustments operations, experienced a of mechanical Specialty for adjusted in material. which unfavorable result of loss none $XX New net million certain year,
a in property the expense in was to XXXX. due of The higher was to $XX due compared million to the million XXXX XXXX $XX net Other a prior equipment balance increase our in with to in average revolver. million was year the gain on XXXX. compared income Interest sale on increase $X in and $X million
in tax compared diluted Perini diluted tax $XX XXXX. $X.XX for Tutor year expense resulted the in compared impairment took Adjusted to share $XX.X was loss Tutor we $XX net to per or net for million in charges goodwill The million $XX.X $X.XX million XXXX. a of attributable in to income benefit to XXXX per Perini million XXXX share for of SRXX attributable or of
also to earnings impact net in the net XXXX SRXX and income per unfavorable after impacted share. adjustments the equated for tax significant that $XXX.X in I'll the our of were $X.XX by year, charge to results here note share segment impact. primarily or earnings $X.XX per a the Again Specialty million diluted $X.XX the
level the by Revenue quarter Now year earlier, last impacted associated the revenue for $XXX the million of same quarter fourth the I mentioned as though the $X.X quarter SRXX charge. fourth even with the XXXX for was quarter adjustment the negatively for revenue results. was billion with fourth
million, quarter affected Minneapolis but Several XXXX SRXX the the of we contributing for revenue our and quarter Rail Airport Newark projects, fourth revenue large the Civil $XX substantial down will segment the XXXX. in Line projects charge. Purple growth again to be both was Light $XXX the expect compared that about Civil company adversely million by the the Rail, High-Speed for California including to and segment of
was segment Several Building construction stages early the which fourth $XXX revenue million activities are are for newer many as to significant compared essentially XXXX. the Revenue projects, Building in segment expected of generate XXXX to level in of quarter advance. the
Specialty Contractors to that several was accelerating from on activity mechanical the a $XXX year-over-year various in New due strong in and up this contributions Specialty segment stages early group's larger XXXX are even year. primarily the million, XX% contributing New California that results. projects increased anticipate segment electrical the in significantly We in revenue Jersey revenue are are and projects and York, the to
Loss income significant from SRXX from due of million quarter to to construction same the the charge. $XX $XX construction was quarter was for compared of last The the operations decrease mostly for million, operations year. fourth
segment in was $XX operations the the For same million of loss that the the quarter year. the Civil primary the SRXX from charge fourth compared from last for to construction operations segment, income reported segment construction quarter the reason of a $XX for million
even to quarters. normalized range X% or profitability segment the coming and higher of contribute group's our margins return substantially Civil operating of expect historical Civil projects of XXXX We to margins even over the end several larger as in results to to XX% more near our profitability above with for upper the
income our year's the quarter still quarter. group operations Civil segment that with compared the up for Building We expect revenue construction to also flat in million, the from and company's overall modestly higher last earnings $XX year-over-year will even continue to margin fourth was growth lead XXXX beyond.
This XXXX. margin compares The newer We in margin was to higher the X.X% the they margin advance. the to operating Building a compared mid-X% higher year in of same several to X.X%, margin Building in full full projects continue XXXX. quarter that segment's year XXXX will group's deliver range quarter fourth the produced for as anticipate the of segment X.X%
impact decrease construction construction in $XX as quarter the the million from the net the income in for of principally million from quarter substantial same of loss of approximately million last well electrical York of $XX was due $XXX operations of compared million adjustments quarter and fourth $XX the year. fourth as SRXX was million charge. unfavorable Contractors in the projects to Specialty operations mechanical The on impact $XX certain New to of
that segment We operating expect group. given performance driving our the better focus deliver improvements Specialty the in on will XXXX, in
the compared with fourth of fourth of for tax for tax benefit charge year. expense the a quarter XXXX $XX level Interest which same quarter quarter last the a The to $XX of million, in XXXX. of fourth SRXX the expense resulted was of million $XX million in quarter
for share per last for or net quarter to Tutor year's of the share income and EPS year. to attributable of million $XX.X was diluted mostly of The reduction due diluted Perini quarter quarter Tutor per compared the Net the fourth $XX.X loss SRXX Perini $X.XX was in to or $X.XX to million fourth fourth charge. XXXX in net attributable income again the substantial this
our shifting of cash balance $X.XX. gears and operating and SRXX was clarification, impact EPS charge a just sheet discussing Before the the
per may I share think said diluted I $X.XX have previously.
the the generated generated of the in operating of XXXX to operating $XXX We million year year. half $XXX.X quarter Ron was cash. million noted the that $XX of as fourth On including and full for during million second cash
a was with certainly year the line to $XX this improvement and million expectations in XXXX. Ron for we our result compared mentioned, generated the strong for As an
We income as continue excess activities. to activities expect of for in well regular project healthy operating cash settlement generation net execution from XXXX as collection
third Our the our the December the comparable at million to debt -- excuse me total to of debt XXXX at end debt as $XXX the of end compared third XX, quarter. our was of quarter
will includes spring-forward notes mature provision, convertible XX, maturity you a if it whereby, As December that at may know our outstanding still credit our XXXX facility on are time.
convertible cash out the Our generation take to notes goal year. the is from during
are with and However, various we our all plans options backup lenders. discussing
most the determine the the all sheet impact alternative best on debt of needs in operations. and the We to our on provides the favorable is our of XXXX. current This facility, And borrowings maturity under facility suited will financing balance end at our spring-forward terms. at included all our that no credit because are of has
note quarter our comfortably will we are covenants go limits well that the within I we in forward. to covenant continue limits within will and we that and compliance debt with for fourth our be we the as expect
mentioned below $X.XX acknowledge guidance EPS the this diluted We XXXX of initial $X.XX expectations. Street's to range is our that for share. Ron Earlier, consensus per guidance range XXXX
short when when project the owners of actions to impact challenged achieve including: been consistently as the that falling delays In up our ability awarded, reasons schedule. project guidance or activities past, awarded, to as for delays to has various and they're the execution projects are projects after start expectations
our of uncertainties are going not industry The away.
to meet that do impacted ability account range have uncertainties a more of our of that to exceed of believe business. in inherent guidance. our frequently surprises or need takes the better guidance We we our anticipating So, consistently appropriate job the
will of notes interest million addressing $XX interest will interest additional debt, non-cash approximately million our it of is the Interest to year. expense me non-cash this the associated $XXX assumptions expectation $XX factors guidance. associated of approximately provide with but in let $XXX that with and G&A be year million at expense. million with our in expense cash we XXXX the collect convertible range also reduce $XX budgeted some be expense in to line About for expected for is Now our million.
to $XX established Depreciation for which segment of and the asset result amortization million be our XXXX a amortization interest represents of joint $XXX increased is anticipated approximately million, Civil venture intangible of on project. as an
range to Our of in effective be is rate expected XXXX the to XX%. for XX% tax
attributable approximately to to anticipated be income is $XX for million. interest XXXX Net non-controlling
for $XX.X average be weighted outstanding million. the year Our shares approximately should
which Finally, will $XX for equipment. are million to capital XXXX owner-funded expected of be expenditures million, approximately $XX be in project-specific
that I'll call turn With to back over Ron, the you.
