(Dollars in thousands, except share data)
The forward-looking statements in this report are made as of the date of this report and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by the federal securities laws.
General Overview and Business Update
** Results of the calculation are not considered meaningful for presentation purposes.
First Quarter 2022 Compared to First Quarter 2021
First Quarter 2022 Compared to First Quarter 2021
Rail, Technologies, and Services $ 122,918 $ 96,573 $ 122,461 Precast Concrete Products
The backlog for Steel Products and Measurement includes $32,004 related to the divested Piling Products division as of March 31, 2021 in the above table.
Outstanding borrowings on revolving credit facility (35,496) Letters of credit outstanding
The changes in cash and cash equivalents for the three months ended March 31, 2022 and 2021 were as follows:
Net cash (used in) provided by continuing operating activities $ (7,636) $ 7,614 Net cash used in continuing investing activities
Cash Flow from Operating Activities
The Company's calculation for days sales outstanding at March 31, 2022 and December 31, 2021 was 46 and 45 days, respectively, and the Company believes it has a high quality receivables portfolio.
Cash Flow from Investing Activities
Cash Flow from Financing Activities
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