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flow will our coming substantial capital-light second cash NOV's that already that free cash business flow the the aligned over reinforces Last priorities. with long-standing realized quarter, allocation improved return of unveiled model of we strong capital is Much amounts quarter years. our confidence framework in our capital generate
priority reminder, sheet. the defend a is X As balance to
ratio As be financial of the sheet below X portion net meaning large condition, to flexibility. X, ratio and return we way expected, our adequate during leverage which remained while paves gross debt-to-EBITDA the our future the our to shareholders generation second optimal balance leverage now a below to cash quarter, debt maintaining consider fell in
and in drive that base asset our maintain risk-adjusted invest properly to organic aim superior opportunities growth returns. we Second,
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committed Lastly, shareholders to annual of cash basis. least remain we to an cash less from excess XX% expenditures flow, and defined as other capital free flow our our returning at operations investments on
the of quarter, dividend amounted million we our to by return capital increasing stepped XX%, paid During which up in quarter. the $XX our
share, at per back In $XX bought of an also price $XX totaling X quarter. to We we $XX.XX during an of returned second million additional average the capital our million shares sum, shareholders million.
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Moving on to results. our segment
XXXX. increase a in Our Energy year-over-year segment a quarter of a American Products more challenging less of EBITDA $XXX North second the million sales or revenues favorable of due X% to second quarter, Services mix sales $X.XXX and $XX market. XX.X% decreased and compared to generated billion to the million
segment flow-through. the EBITDA realized XX% with Sequentially, X% growth
segment X equipment. XX% As sales. shorter segment's the sales a quarter was Services our and and XX% capital and and for reminder, products services from rentals, income Energy consumable generates The Products revenue lived rentals, sales of streams, XX% capital service sales product equipment and mix
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we oil their noted their fleet. to signed our producer our services framework deploy in a rig a with major achievements, with As gas associated and significant Norwegian intent agreement across
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tubulars to Lastly, oil our drill in revenues mid-single-digit lower a Tuboscope the U.S. for pipe of field experienced operations demand low on and inspections in decline coating
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the Products to single-digit $XXX quarter, between EBITDA flat $XXX range For be the the percent to with Services up and to quarter in of million. million our low segment we when for XXXX, compared third third expect Energy and revenues
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divestiture pole than Double-digit year-over-year. from in and of into markets international increased a the roughly the revenue year-over-year. land land segment's for decline sales XX% growth market American North revenue more slight the offshore both offset products business, Normalizing
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During for the sales the second revenues. segment's of remaining approximately quarter, XX% accounted for the sales XX%. equipment and service Aftermarket accounted
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drilling Most equipment. and from equipment large of comes our installed and revenue aftermarket of intervention base our stimulation
rig increase Our its upgrade reactivate, rigs. percent projects spare saw year-over-year to parts in recertify offshore equipment and increase significant aftermarket led business teens high in and higher sales a a revenue by
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in Our intervention declines North to units aftermarket stimulation activity. in year-over-year teens down the equipment low revenues and due American were
market, should the North have While not continues in improve America. from the we may for offset international and quite aftermarket than in markets North American gain reached and demand bottom to parts demand completions sluggish in more services demand to
business. the side to Moving capital equipment of the
from very second of last slip in had mentioned we order orders strong a and into book-to-bill quarter. As which QX, we contributed call, a significant a the our QX level to of during XXX%
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During we a sales improved newbuilds the quarter, posted significant drilling progress on Saudi top drive in on sizable and deliveries. rough Land increase equipment. of a neck in iron second improvement and year-over-year deliveries increased
by pull-through growth general a strong, fleet in Offshore meaningful uptick upgrades equipment and expect recertifications activity capital driven aging require automation remains we been and continued the Offshore drive capital that from and reactivations to has from will rig orders. upgrades. sales reactivations
for Orders quarter revenues were wind WTIV not largest construction the installation from slight cableway lower system repeat quite the for marine construction vessels our business, wind and and business higher a decline in installation we revenues and vessel of second wind a Europe's compared to solid design from offshore with NG-XXXXX offsetting for electric vessels. jacking XXXX, cranes, our booked owner our space. for turbine Revenue posted offshore and order
equipment equipment lift the the sales the business X improved XX% to the and compared with of cable construction vessels in of FPSOs inflationary Despite vessels by promising and year. X of to and vessels Stimulation Intervention on delayed our for developers XXXX. quarter more almost half second Equipment impact remains second possibility the of projects, WTIV's offshore Capital orders and for lay outlook heavy FIDs
than backlog shipments growing higher equipment business equipment. wireline of lower slightly pressure more of pumping units of the only offset coiled equipment from shipments tubing execution and Solid
from demand wireline America, X better soft Despite than quarter in for on coiled international from book-to-bill business strength tubing a with markets. fourth the posted North and demand its straight equipment continued
Process strong the a single-digit operation increase module revenue achieved large execution Sea. Systems Our the from a for processing year-over-year North on low resulting
in quarter, the from We term, revenues but this are the bright, seeing monoethylene third from our is in down processes higher longer growing outlook operation this glycol provides origin expect sizable, which experience. modules new a FPSO team modest for we're operation where step demand units and unmatched capabilities and
percentage Our increase quarter production production America. shipments second a saw the chokes for midstream large to of business mid-teens revenue with softer East compared XXXX chokes Middle pumps improvement and of the in a North in outweighing in demand in
much subsea business the has providing business our by to improved line The on margins all-time backlog with for beginning top continued last achieving year, significant in a high Lastly, increased pipe growth subsea to an than path more its flexible robust demand capitalize clear over flexible XX% XXXX. unit pipe. and
for to limited place further of for now advance, is industry of stretching are additional positive some creating into remaining Awareness in operators orders, which production orders XXXX. outlook capacity deliveries driving a
quarter, to the million. third segment third of be of between flat our $XXX couple percent the $XXX and up For million for XXXX expect we Equipment Energy with EBITDA a to quarter to compared revenues
questions. call open now With that, we'll to the
