Thanks, John.
slide Turning to eight.
million year-over-year. at continue achieved Looking segment's Throughout of saw up net expectations. our Overall, we quarter, revenues quarter, to XX% up Processing year-over-year. end higher revenues first the Notably, we than our our $XXX sales Materials X% almost markets the were strengthen. were
operating of achieved last million first through of strengthening cost disciplined margin an of in quarter year. the recorded $XX over million control For an compared operating operating loss we customer We the profit of quarter, meeting to $X X% and demand. an
allow income. by margin interest million year-over-year. expense than and on Improved associated with Terex other Oklahoma manufacturing and severance and million SG&A sales book of includes facility, profit portfolio. basis operating sale and quarter in lower City the operating $X mark-to-market other of was which a gain lower were year, several lower expense financing $X XXX a expand offset our first the our on charges closure to recognized gross factors, gain TFS QX by approximately The Interest because last including as the points of of margins of percent
in Our discrete rate driven the XXXX effective global tax first was XX%, quarter. approximately by quarter items two favorable
XX%, of rates remainder outlook. estimate for previous the our consistent remains tax with year Our the
million includes Europe quarter, decline $X.XX and significantly driven aggressively includes $XXX operating evidenced strong segment per income customer managing AWP and by in City and discussed nearly of EPS charges for the in slide costs. delivered results. sales $X facility. million severance to reported X% to the in margin, of benefits by offset the year, operating basis utilities Finally, improved our market that in by in by AWP nine, share just points a increased The favorable production offsetting and our compared of financial Asia-Pacific. AWP were margins improvement last America, other closure the all driven operating AWP bookings. delivered I impact improvement Oklahoma Turning XXX improved of North our significantly down and which
the to compared backlog were quarter-end $XXX to million XXXX, of from bookings QX $X.X year. quarter was up XX% prior First at billion, up dramatically while
like up businesses QX end Now, both incremental higher Sales million, to has XXX% end to is team improving across were improved Turning operating testament more MP $XXX market more anticipate as being how all results. significantly, slide team's XX% Materials up been sentiment sequentially. markets strengthening aggressively a operational impacting of doubled equipment sentiment the from last Customer margins, $XXX operating results. year supply in and end of update the quarter, as turning we million are currently than environment Processing's improve, market important bookings Backlog MP performance strengthened on cost, achieving strengthens segments strength its that margins. at end quarter, the through has by XX%. elements margin The another year and as driven ordered geographies. increasing MP headwinds demand to It's develop to with markets strong customer the to slide resulting demand positive year-over-year. utilized realize financially. in XX% to markets XX, full financial chain saw I'd are dramatically XX. you had continues is improve consistent MP while to was all than as end to of and managing and these deliver
the outlook today. have we're We into these in providing taken consideration factors
As first demand, seen end course for markets quarter. commercial the we our improved the dramatically have of over
Operationally, customer's expect we being each year segments first perspective, between of of the profit are of slightly first margins AWP year. versus higher the and than the improvement in year half a to relatively strongest equal, be in half fleet year-over-year, evenly increasing half are the revenues second amounts the for the do expected half the things and continued of operating quarter of second the second split the there quarter of replenishment. the the with From the increase year, levels we full both quarterly market year. to absolute expect operating with Although, profit being operating and
costs $X.XX financial structure, Including sales XXXX margins, our the charges on revolving in $X.X profits per meet which year. year XXXX. relatively outlook. unsecured XX% is increased April capital of year. expected with will development of included billion. to to million, transactions Corporate the $X.XX share previously facility to share, On our generally costs credit QX the occur we for our per completed and plan bond. of will and continue EPS $XX $X.XX incremental during for of We throughout share outlook refinancing exceed per of consistent for operating earnings the our be approximately in which the not evenly or These of full of were based result are Quarterly other the remainder target refinancing our to Xst,
flow cash another approximately free For estimating positive cash $XXX million, of of generation. reflecting the XXXX, full year we are year
earlier. We Mexico for of for facility asset expenditures, capital million. project included of continue the plan The expenditures manufacturing to John in Genie referenced net largest dispositions approximately is capital $XX
Turning XX, and outlook. summarize updated to slide XXXX our I'll EPS
in MP We continue demonstrated expect customer our the QX AWP strong throughout customers to sentiment and XXXX. by
outperformance. first, EPS comprehends, Our year outlook our XXXX full QX
Second, through the revenue operating profit contribution on QX. QX additional for
only to charges representing of approximately Third, interest XXXX. And price which performance significant efficiency, Overall, operating outlook represents reduced manufacturing chain share. one-time in offsetting when is expense $XX improvement supply million, compared headwinds. per finally, structure partially and $X.XX our and XXXX a increasing capital
business We will positioning the while costs, manage aggressively growth. continue to for
XX, review our disciplined capital allocation strategy. Turning and to I'll page
debt expenditure. AWP segment continue our remain aggressively hard flow to especially strong of available billion working work members and and positive million capital. manage us, The liquidity Our with to free has to in tightly $XX our term approximately will vigilant maturities. of net no the members team the manage team every cash ample within scrutinize of production, demonstrates near $X.X quarter Terex
grow we manage So, and the can business.
portfolio momentum the liquidity earnings This early strong sale during of for in allowed outstanding resulted upgrading prepay approximately rating $XXX and debt, in to February. resulted position proceeds structure. outlook action cash million. book TFS and agency on million of lowering, us term from reducing the $X discussed prepayment call, As refinancing the of in the a providing loans our our QX This annual capital deleveraging interest Terex's expense leverage, saving positive and
bonds and Our our replaced renewing by due annual with coupon. to new of new These refinancing mature expense $XXX bonds approximately in and facility included X.XXX% revolving a XXXX million bonds credit placing reduce cash million. our X% successfully interest $X XXX million
action strong Importantly, to costs, the inorganic organic lower obtained unsecured demonstrates This maintaining of sheet, for balance funding flexibility execute remainder Terex to while decade. on improving commitment our our growth this Terex plans. and
turn this during supported would that, bank we back to it And Finally, I'll our with Terex like group, successful to thank refinancing. John. which you,
