You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. 
Text: Total revenues for the first quarter of fiscal 2021 were $108.5 million compared to $109.4 million in the same quarter last year.
Net earnings for the quarter were $7.1 million or $0.65 per diluted share compared to net earnings of $8.3 million or $0.77 per diluted share in the prior year.
Net earnings for the quarter included an income tax benefit of approximately $1.7 million or $0.16 per diluted share related to the release of a valuation allowance in a foreign tax jurisdiction.
Irrigation segment revenues of $87.4 million for the first quarter increased $4.1 million or 5% compared to $83.3 million in the same quarter last year.
North American irrigation revenues were $52.8 million compared to $53.6 million in the same quarter last year.
The decrease resulted primarily from lower engineering services revenue related to a project in the prior year that did not repeat and this was partially offset by higher irrigation equipment unit volume.
In the international irrigation markets, revenues of $34.6 million increased $4.8 million or 16% compared to $29.7 million in the same quarter last year.
Increase resulted from higher unit sales volumes in several regions, which were partially offset by the unfavorable effects of differences in foreign currency translation rates compared to the prior year that totaled approximately $2.4 million.
Total irrigation segment operating income for the first quarter was $10.6 million, an increase of 9% compared to $9.8 million in the same quarter last year.
And operating margin improved to 12.2% of sales compared to 11.7% of sales in the prior year.
Improved [Phonetic] margins were supported by higher irrigation equipment sales volume.
However, this improvement was tempered somewhat by the impact of higher raw material costs and also from higher freight costs that resulted from reduced availability of commercial trucking resources.
Market prices for all types of steel products began to rise rapidly during the quarter with steel coil prices increasing over 70% from September to the end of December.
While we have implemented pricing actions to pass-through these cost increases, a large number of irrigation equipment orders were received prior to these actions taking effect.
We expect to see some margin headwinds in our second quarter as the backlog of orders received prior to the price increases are shipped.
Infrastructure segment revenues for the first quarter were $21.1 million compared to $26.1 million in the same quarter last year.
The decrease resulted primarily from a large Road Zipper System order delivered in the prior year that did not repeat and from lower road construction activity in the current year.
Infrastructure segment operating income for the first quarter was $4.3 million compared to $8.7 million in the same quarter last year.
Infrastructure operating margin for the quarter was 20.1% of sales compared to 33.5% of sales in the prior year.
This decrease is primarily due to lower revenue and higher margin product lines and was also impacted by an increase in raw material and other costs compared to the prior year.
Turning to balance sheet performance and liquidity.
During the quarter, we generated free cash flow of almost $10 million, representing 138% of net earnings.
Our total available liquidity at the end of the first quarter was $196.4 million with $146.4 million in cash and marketable securities and $50 million available under our revolving credit facility.
Our total debt was $115.9 million at the end of the first quarter, almost all of which matures in 2030.
Additionally, at the end of the quarter, we were well within the financial covenants of our borrowing facilities, including a funded debt to EBITDA leverage ratio of 1.5 compared to a covenant limit of 3.0.

user
compname reports q1 earnings per share $0.65.
q1 earnings per share $0.65.
q1 revenue $108.5 million versus refinitiv ibes estimate of $113.1 million.
expect improved activity levels to continue in international irrigation markets.
seeing rapid and significant increases in steel and freight costs that will pressure margins in short term.

assistant