Thank you, operator, and welcome to our first quarter 2021 earnings call.
joining for all you us. Thank
various Commission. started, Before factors documents Securities performance of Exchange be to to to other are that all time differ other materially performance. in like that we considered could some These and actual and may discussed get and you call statements remind this our filed the and XX-K anticipated I'd from made cause uncertainties with risks, from time forward-looking factors during Form
Additionally, the of is for required to agreement ended regarding that not secured we discuss the to debt. discussing our will XXXX, restructure we senior XX, be quarter questions call our note bonds or this recently of purpose Therefore, to due fiscal the announced as operations results our October XXXX. by first responding
in $X.X fiscal results strong XXXX, Despite growth set for year and U.S., significant in in leading continued increase a of over foundation the operational prior X,XXX% million to or in quarter the uncertainties produced the income [ fiscal growth company exceptionally XXXX. a over the first ] operating
gallons sold for the to XXX.X year The million last of XXX.X million year. were propane compared
exchange a strategies trends. However, offset decreases partially Rhino to increase in due by were Blue in tank marketing these and buying sales increased continued stay-at-home
year, partially decreased sales the the exchange in and lower economy. logistics to the increases Blue sales was prior or propane increase strategic by year slowdown to in wholesale tank for year. $X.XX exceed the retail were and locations growth per XX,XXX, now Margin up strategies volumes margin due higher product of Additionally, gallon Rhino's supply prices. attributable chain the prior over X,XXX Overall, volumes customer placements, and from XX% sound than offset
deliver results million. This has to -- or to company X% operational management. strong of resulted profitability. quarter due enabled These a gross expenses in the and the efficiency continued and $X.X produce initiatives in numerous in strategies more high has gross helped gallons efficiently. $X.X expense to to and increase growth dollars decreased Operating performance million the The initiatives margin underway first in of areas
leaner field both and corporate workers performance and in as a essential with transition locations. high the from decreased company, in a throughout environment travel throughout essential expense company. Successful a more general workplace agile by expenses and various the is corporate centric workers technology execution Strong workforce to well as administrative work-from-home the driving of
and health protocols our ever-changing XXX,XXX Lastly, protect help our to the safely serve to adapting while continued commitment and customers our new and of over safety our to operating the top circumstances customers priority. remains employees
quarter, or unit. For $X.XX L.P., attributable first common loss unit million quarter compared net or Partners, prior $XX.X $X.XX million to $XX.X per the was to Ferrellgas year's of common per the loss net
prior by increased measure, to compared non-GAAP a million EBITDA, Adjusted or $X.X year. XX%
For quarter, initiatives. EBITDA quarter, year's $XX.X resulting compared the from discussed adjusted million million last previously first was in to the $XX.X
As required XXXX. the previously of contained senior cash as company the result indefinitely coverage not meeting in distribution unsecured notes the ratio its quarterly fixed suspended a charge announced, due
bondholders majority the the XXXX. with of agreement historic an notes announced previously senior we Additionally, due
will and suppliers about employees, to other are partners It company's interruption. the this excited very allow of obligations continue We all to satisfy vendors, agreement. without to us
refer information X-K to XX, that more XXXX. December about please For agreement, the Form filed
mentioned Relations any you. our Investor our but be submitted additional this in moderator, do now may the to before box turn at questions back I call, announcement call the as investorrelations@ferrellgas.com. I'll for e-mail that, Thank via
