Good morning, ladies and gentlemen, and welcome to the ADF Group First Quarter Results Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Wednesday, June 10, 2020. I would now like to turn the conference over to Jean-François Boursier, Chief Financial Officer. Please go ahead.
Thank you. Good morning, ladies and gentlemen. Welcome to ADF's conference call covering the first quarter ended April 30, 2020. I'm currently at our Terrebonne office, where we will hold our annual shareholders' meeting right after this call by way of webcast, in light of the COVID-19 situation. I will first update you on our quarterly results, which were disclosed earlier this morning by press release, and then update you on our operations. First, a word of caution. Please note that some of the issues discussed today may include forward-looking statements. These are documented in ADF Group's management report for the first quarter ended April 30th, 2020, which were filed with SEDAR this morning.
Please also consider that although for the moment, the impact of COVID-19 on ADF's operation is limited, the extent to which the virus can have an impact on our results will depend on future developments, which are very uncertain and cannot be predicted at this time, including new information that may emerge regarding the COVID-19 and the measures taken to contain it or address its impact, among others. This said, our revenues for the first quarter stood at CAD 45.8 million compared with CAD 37.1 million last year. The increase in revenues is in line with the increase of our backlog. As previously mentioned, ADF fabrication, industrial coatings, and steel erecting activities were not impacted by this pandemic, at least during the quarter ended April 30, 2020. Gross margins at 10.6% was lower than the 15.5% reported a year ago.
Last year, first quarter gross margin benefited from the finalization of contractual changes, which improved margins. The margins for the quarter ended April 30, 2020, are in line with the ones from the quarter ended last January 31st, and even somewhat even better, and represent the pricing of recently signed work presently in our plants. At the close of the three months ended April 30, 2020, EBITDA stood at CAD 3 million, which is the same level as for the corresponding quarter a year ago. The decrease in gross margins in dollars was offset by the lower selling administrative expenses. This decrease coming from the lower legal fees associated to last year, third quarter out-of-court settlement. Year-to-date, net earnings stood at CAD 68,000, compared with net earnings of CAD 1.6 million a year ago.
Besides the elements mentioned before, the net earnings for the quarter ended last April was negatively impacted by CAD 1.8 million non-monetary foreign exchange loss. This loss comes from the quarter end fair market valuation as required by IFRS guidelines of our outstanding FX contracts on hand as at April 30, 2020. Our balance sheet remains somewhat under pressure. Working capital as at April 30, 2020, at CAD 28.5 million, was just under its January 31, 2020, level. This said, cash flow from operation is starting to reap the benefit of the increased backlog and associated fabrication volumes, and as such, generated CAD 12 million during the three months ended April 30, 2020.
In light of the uncertainty surrounding the COVID-19, we are taking a cautious approach with our liquidities, and accordingly, are tailoring our CapEx program to the situation with only CAD 0.2 million spent during the quarter ended last April 30th. These operating inflows enabled us to reduce the drawn credit facility by CAD 4.2 million and we finished the quarter with CAD 7 million in cash and cash equivalent. As mentioned in our April 30, 2020 MD&A, ADF, like many others, is currently navigating into unchartered waters. As mentioned before, and although the impact of the COVID-19 pandemic as of this date had a limited impact on ADF's operation, we remain abreast of economic developments and trends.
We continued to grow our order backlog, which ended the first quarter at CAD 343.3 million, and also significantly improved our cash position. Risk management has always been of paramount importance for ADF. In these uncertain times, our approach offers us comfort and allows us to face these challenges with determination. Ladies and gentlemen, thank you for your interest and confidence in ADF. I will now answer your questions.
Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press the star followed by one on your touchtone phone. You will hear a three-tone prompt acknowledging your request, and your questions will be polled in the order that they are received. Should you wish to decline from the polling process, please press the star followed by two. If you're using a speakerphone, please lift the handset before pressing any keys. One moment, please, for your first question. Ladies and gentlemen, once again, we will now begin the question and answer session. Should you have a question, please press star followed by one on your touchtone phone. You will hear a three-tone prompt acknowledging your request, and your question will be polled. Should you decline from asking your question, please press star followed by two.
It seems like there are no questions at this time. Mr. Boursier, please proceed.
Again, I wish to thank you for your interest in ADF Group. Thank you.