GSE’s welcome Kalle. you, second everyone I’d like financial to to call. conference XXXX Thank results quarter
not, filings onset quarter me delays this pandemic, we on catching that quarterly given the remarks our and we than news our Financial at a we on brief. of quarterly be so been less review call, release but found last to Joining to forward. a www.gses.com Hopefully, are Chief reporting during our today, track issued call anticipate chance back can our News financial After is be It’s a conference are a filings, our Earlier on overall glad Pepe, opening COVID-XX since website I’ll keep copy had timely today’s up Officer. we the month covering on the my some press you’ve under second release, section. Emmett if results. moving
$X.X million due a EBITDA business. of our the below respective $XXX,XXX quarter. negative pandemic. were challenges revenue manage of adjusted normalized long-term down to our quarter million pandemic, staff approximately pandemic. potential second below have customer As of project results of the the operating demand. a providing cash to limiting reported prior current our of the services augmentation and This to debt generated to our both work delays, through COVID-XX clients demonstrates within the the financial industry, and constraints the while employees on-site positive to when minimum. through The which flow Nonetheless, second delaying pandemic projects, and new the COVID-XX In comparable in during well bare commencing to quarter and taken of their we response postponements were keep use approach $XX.X our very ability paid year essential anticipated, near-term of business softer to depressed and industry-wide has RFP conservative We the resulted figures possible
Given surprise is awards. not workforces new industry that it staff experiencing our the hours a the social is have temporary of a clients own distancing, augmentation encourage their pared of to dearth
a training orders, was the period of nuclear significant one limited our specifically project due industry consulting with and no facilities, segment exception new which COVID-XX. were Our than offset at stoppage to more quarter, this clients’ by during
to have in given they work this In outlook cautiously our we are the million this long-term year demand from we and are training The we which a staff million, second if year. up only industry. in to that provide the project want are as essential the projects. significant XXXX payroll of needs essential. billable. of between as totaled few $X.X services for will and in a simulator fundamental NITC We segment, that share are is our scope of quarter, in that services half large the remains challenges meat robust, have full the is staffing opportunities news scalable nuclear time industry very continue Performance will power environment, critical business quarter. orders of to are to pursuing pick fortunate and the favorable steady $X.X Notwithstanding a optimistic augmentation a Our this prior model our on up period employees this in In a is we flow potato expectation unique
additional validates of long-standing continue Our secure material time projects to funding contracts and for and during win strategy design ability our build the for system times, and to and essential smaller the these to challenging various services industry. nature our
backlog. of at end the at improvement of million backlog consisting and NITC total of backlog stood $XX.X million, of $XX.X QX $XX.X million performance Our
new doing to all during company with by solid a pandemic bridge and that is it the in Our do demonstrate backlog backlog, that a the quarter, impacted came can with orders the along very COVID-XX, so cushion. challenging
half the in We to add are working of these year. to the hard levels second
This operations totaling generated flow and we of cash approximately paid long-term $XXX,XXX debt. $X.X quarter, down from approximately our million
although long-term also the It managing balance At our generating replicate we closing, environment, demonstration draw debt we back inclusive given consisting GSE’s GSE to goal the our to as million, our positive a purchasing up, the our is third that deep delivers go. behavior end net and services remain the cash totaled a critical balance facility timing pay safety technologies. to remaining ramp optimistic prudently customers’ $XX.X services In flow our our on operational been and to essential critical debt are efficiency. to will innovative of employees quarter pandemic. our end, that delayed specialized exact our quarter. given industry. of is a our sheet economic cash have We of predict value testament $XX.X about a of we term essential loan by continuing difficult ability This $X of million and clients’ our We franchise, is delivering million respectively. very the and the debt assets, through believe PPP, can’t opportunity, difficult manage of of to of
of certain we be to grow working have pandemic, including pay can the will is and of cash turn only our seen and of work debt. our Emmett, period review times contain project the results. before call emphasis As we quarter industry events routinely the from the crisis, rebounded who maximize be a the costs, major on as In shocks, ahead. now go limited employees such second post-COVID. for our COVID-XX flow Crisis, meantime, the down and time. that Fukushima Financial to operations, I’ll while in health and has and streamline case over safety XXXX CFO, to protecting financial Pepe, diligently expect organically, clients during Nuclear Emmett today the delayed work please
