build Thank three America. sequentially you, revenues XX% segments consolidated million markets, posting all digit International cycle continues outside NOVs from offshore capital improved XX% Clay. markets double to equipment International growth $XXX or as NOVs benefiting in momentum improved businesses. longer with North Revenues and sequentially
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increased a margins. to incremental EBITDA on million $XX XX% $XXX million sequentially
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are the when when We’re mismatches required when record reported cost expense creating and realized. action company to commits the savings expenses to an are between
amortization by we comparison Clay in quarter, impairment The assets. reduce against depreciation amortization during to quarter, the result in our depreciation and which million expense goodwill and third second of and second approximately primarily will QX $XXX charges the total in $XX took $X.X As approximately mentioned, intangible will in million the expense billion quarter.
working growth revenue as a resulted million the of we and in operations. were from to a sequential $XX rate, from of impact slight use our the impairments capital XX% run our revenue by While cash annualized disappointed percentage improvement
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know to However, better. we execute we that need
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of our to Turning results operations.
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was market international Canadian by sequential spring in operations. increase capitalize Revenue slightly XX% in mostly North the conditions post to international U.S. on breakout. revenue sequential Segment improved a X% offset growth from in America. the improving
took from offshore Grant and capitalize results. recorded sequential drill we deferred improvement continue QX pipe, demand Customers pipe their to QX that America in sharp in markets. Our of improved receipt its Prideco and deliveries international on North business in a
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in unit we in margin million XX% $XX could quarter, excess of that began the These of over ReedHycalog on helped drive executing achieve our that initiatives XXXX. during mentioned by the efficiency Last margins business initiatives second incremental end improvements quarter. annual
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innovation share to unit Similar Downhole grow business ability to gain drives our and revenue. ReedHycalog, technological in our
SelectShift continue operators high-flow motor set power growth adjustable efficiencies, this XX for we motors drilling is and to records to sections and for additional Our drive business. ERT Series downhole our believe help ready
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costs, to responsiveness initiatives Our and match in-field progress unit select lower improving operational improve margins levels and levels. growing manufacturing key North fewer making America infrastructure customers, serve pressures operational and is better services activity consolidating and second during business offset products unit The and to inventory hubs unit the is pricing streamline incremental The Downhole to than business also in to into changes efficiencies. post deployment, markets. and rationalizing with development more reduce Efficiencies for quarter. the allowed these XX% associated in product support
demand downtime pipe small posted separate line demand conditions well Tuboscope increase that Hemisphere. revenue increasing penetration mills as softening production services. further of international for international markets in that America by offset Improving a our TK and North resulted in as in sequential provide two product we Eastern inspection affected where natural from coating partially Our unit at disasters Liner was business the in on
offerings. unit business decline in sequential not sequential did fully Services Eastern growth offset its small North our Lastly, fluids in solids control lower in a product Hemisphere our activity Strong impacted saw revenues. WellSite which the America, and
growth. multi-year slightly, international While that meaningful, in plays, future we awards will groundwork Argentina select for the Africa, revenues lay contracted help and including received West
expect international offset declines the In in in growth XXXX, we continued to of third further activity quarter U.S. operations. our
segment As X%. between a revenue we result, to to expect decline Wellbore for Technologies X% our
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significantly we last of the pace million, during resulting since March, continued $XXX quarter, the described intake As second of order and through increased largest improved inflows third captured order quarter, the bookings we’ve in quarter XXXX. quarterly total the
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unit in realized the incremental in business on the Strong post allowing unit executing sharp order late continued sizeable second XXX% came margins by a first with orders Glass inflows strong a revenues bill. quarter. Our that quarter, Systems to book in Fiber the to pickup in business
to to business material to large demand offshore related and West water diameter the pipe XXXX a for systems healthy pick-up see The needed also for scrubber We’ve spoolable infrastructure comply East. continues demand IMO are pipe seen Middle for in regulations. in that in composites produced Texas vessel with
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unit from Revenue sequentially demand Process Flow offshore international for and Technologies markets. and our business improved X% on strong
share Our products, gains production America. certain declining helping in and midstream product market North activity line realized key in offset
for also incremental potential project The We year-to-date margins. a bringing healthy secured with units Wellstream to driving June, well FEED strong the awarded wins, three studies pick-up LNG as within business in two additional total as projects. Processing PFT project-related associated future two monoethylene activity, awards were in project glycol realized
production Bay project also We in the a book business sizeable backlog helped deep-water gas business a turret helped quarter supply a for of drive this at unit times the submerged system condensate achieve award and Bengal. bill to The us unit’s to major of won orders and a high record X.X for end.
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will the XX% also push mid-to-upper margins range. savings into We initiatives expect incremental cost our
$XX XX%, million second sequentially. generated million million drove an million of $XXX sales. $XX increase or in in Higher Rig $XX an XX.X% quarter, in revenue segment EBITDA to volumes Our increase or of the Technologies
from than sequential offshore revenues land increase large of land two was early Increasing declined in revenues equipment segment. net XX% more result The sales. projects that due and offset project sizeable in QX fewer the a projects QX the and sales rig completion land two booked to capital for
capital of $XXX shipments segment $XXX $XX orders quarter Technologies million, a was providing a million XX%. increase equipment with million, Bookings backlog at billion. sequential book-to-bill Rig end Total outpaced or totaled XXX%. of us $X.XX of
industry’s in first orders technological and is preventers. safely for Headlining an industry for the reservoirs efficiently drill BOP high-pressure, deep-water extremely our we and for use will blowout psi be to order book two seek XX,XXX The designed stack offshore were the reservoirs. advancement XXK challenging enormous more as
Another in QX offshore an system for order booked Europe. wind jacking of a in construction vessel was note record
NOV an of has have capacity role offshore instrumental wind that played vessels Europe. construction in XX% in wind over installation of the installed
While handling and traditional our our this to outside rapidly core to gas in markets, and falls growing industry. and naval in expertise been have oil leverage lifting serve this architecture we able
to In our technologies. for to and equip new and healthy heave and multi-speed such addition been shipyards sizeable cranes the we as rigs BOPs see opportunities crown-mounted over to captured from for compensators, niche work the offshore demand needed waiting for continue the equipment, for last replacement that few automation customers blocks advanced we’ve quarters, in that have upgrades
speed contractors sold are Operators and respond our for process of our first automation opportunity. packages technicians To and to realizing are safety to software of offshore offshore, We’ve out our we’ve the engineers and XX system benefits NOVOS increasing NOVOS we XXX accelerate in talented are of comprise pushing team the systems a also system our installed of and seen sense efficiency of and September to service now the up of the date. to system adoption the have installations. XXXX for rapidly get markets offshore and NOVOS scaling demand
anecdotes from NOVOS. capture to the excitement base Two we to our seeing are customer serve respect with
a next a recently informed their within few in every of have us First, their drilling contractor on the years. NOVOS as feature intention to rig fleet standard
operator requirements. importantly, large more now their and into is Second, specing one perhaps NOVOS tender
American business, North pace drillers to land upgrades. continue our rig their of slow In
counts are older, higher companies grade out As to less utilized, and fleet opportunity capable to Tier rigs that their with America us Spec Super the I rig pick operating confidence high-grade the service, giving oil remain once rigs up rigs, fleets, well replacing gas stabilize. taking in will rig AC upgrades come of North allowing
for tight rise, International rig land we to the tenders the and continue are technology; continue push. see drilling international also however, modern markets, is count on demand budgets in to and pent-up
timing uncertain. for We opportunities India, remains in be are and when but the East, projects will Middle Argentina, pursuing other awarded regions,
seen Lastly, steadily increased from segment spare to in we around tracking Aftermarket and globe. base continue equipment improving revenue. XX% of achieved X% of benefit of sequentially higher the operations, our our of bookings. aftermarket sales rig a continue installed on Sales parts and QX result the tendering level reached had that the of activity increased by first highest we’ve orders spending maintenance since deferred offshore quarter the expenditures through the downturn. of XXXX, customers normalization
maintenance spending in repair is normalization This driving in meaningful business. our improvements
upgrades, We are working and/or undergoing reactivation slight offshore on are recommissioning, rigs sequential that XX a improvement.
marked customer to customers to addition at of seeing also we a in a have actively work They amount their line positioning capital service staging that they of contract. we increase in our are equipment so centers. begin the equipment active pickup site the can are moment projects, are the our In
improvements continued offset continued X% in revenue land the X% in our offshore from softness projects the and increasing in XX% equipment business, capital we expect resulting range. between in improving quarter, segment incremental operations revenues and aftermarket more For margins the than our third to with
back the questions. for call additional Clay? turn we to to take over like would comments few Clay a before I
