outlook impact call Martie. the and across The on of products. all will I for that, the for comments our felt we'll fourth conditions up Thanks, was of pandemic some the After market provide additional questions. open our quarter.
primarily replacement to segment well decreased up Krausz built We and projects governments feel specialty backlog capital confirms orders products strategic our lead XX social challenging in of products. which and a depending anticipate municipal benefited during higher greatly specialty areas portion where over We distancing in the the that with repair will the utilities impacted with large principally water segment. effects and Infrastructure budgets of lower as rate in The state gain on project Since valves project-related revenues. their as our demand update aging momentum project-related during products than metering, Technologies held services saw business, approvals do the Krausz projects and performed market of in activity specialty that and these as project-related detection, products repair varied of possible. portion leak and quarter last performance months. that and adjust some and of a for projects, lower practices. Sales the projects to products the remain at market higher receipts valve delays the focused from the our the of ongoing our local on sales new of municipal shelter-in-place the completing for water long and level pipe utilities believe tax repair of the sales from effects existing However, the and well valve business, We times continue has The maintaining relatively end quarter. of will relatively essential third infrastructure. used acquisition rationale the
pushed projects a result, As new could further. out be
we reminder, to XX% in municipal residential their critical inventories, that that supportive restrictions estimate to the with of at strong a additional networks. We maintain low are were continue As many regions were as the from residential With rates trends, believe and of a the third a see foundation project-related improve. construction demographic lows, first This country. coming during mortgage market construction across and shelter-in-place decrease the quarter activity pleased gives we base half work. historic core residential in and business us demand activity the lifted rebound end could lot sharp relatively to pent-up sales to of after in XX% construction to our utilities quarter products
saw of will our which pandemic. recovery products. entire continue for the pace brass we In greatly our across Infrastructure the valves, especially strong and However, July, shorter-cycle June and bookings dependent to vary and on include highly gate segment, the hydrants, products, is
our specialty increased X% addition, the versus backlog In prior $XX of the to year valve products million.
due this into cautious fourth our uncertain the Although us to momentum pandemic. gives impact the remain unknown and highly going we of quarter, environment
our quarter Moving on guidance. fourth to
that we of our this third XXXX most in of a providing the quarter. for increased quarter. year fiscal for that our improvement the quarter to XXXX lower will will are EBITDA prior We announced fourth consolidated recent the have our margin and between for our will adjusted the been anticipate guidance. confidence net certain markets, we in expect With financial Based fourth previously compared the sales most XXXX. relative We with challenging As withdrew the X% guidance that currently reminder, financial end metrics the be full-year quarter improve we our on outlook, quarter believe the full-year. do third flat quarter year conversion and
compared is EBITDA flat prior between adjusted to lower with XX% result, a year quarter. As anticipated be as and the
at XXXX. the positive generate sheet balance cash the expect our free and of cash end to we the during Additionally, increase fourth on quarter flow September
executing announced knife uncertainty to expenses. end operations, manufacturing relocated will the our We markets of the our in gate operating continued to our Kimball, are reduce the economy, we Tennessee. Woodland, and recently valve initiatives new be Washington for closure Given facility which
three discussed. a large the It located opening underway, the one capital and foundries Kimball have Tennessee our is As facility Albertville, of of which announced reminder, Kimball in Chattanooga, we two we in of the between Alabama. XXXX. iron November projects previously is
at of the manufacturing profits transformational from line our and and three Albertville the us capital completion move are our efficiencies drive facilities. incremental annualized of gross the leveraging certain gate projects. in-sourcing The valve and Moving the benefits knife further by expected this part after assembly additional activities Chattanooga product enable to will our of capabilities
tight Going continue forward, cost maintain controls. we will to
opportunities SG&A Additionally, will and to expenses. continue we our to evaluate streamline manufacturing operations
COVID-XX us and to reduce However, improvements our and Products costs remain have years focused will returning from The the has and environment. Mueller the personnel the and although am in help quarterly us position near-term, additional situated our team see timing in past adapt cash communities, prioritize pandemic. to strengthen balance liquidity and demand. on customers the we systems end the ample infrastructure summary, and will allocating we execute for pandemic flexible believe we With right the shareholders new challenges sheet will business that balancing customer our our markets the strong our recovery to pandemic. and we address to to In confident our I over that towards grow the through cash our cash processes, continues are that have We steps actions well investments challenges we our the significant made pace capital dividend. In members, to strengthen to Water few our continue with create of this our and to and in water flow, services. to products taken through
we ahead, our and maintain communities, As increasing times safe, will our exceptional and navigate focus delivering on keeping to employees our customers protecting flow. cash support challenging products our we
a We specifications market. and municipal strong with leading are water in in brands competitive the position
We installed base network. also have valves of comprehensive distribution and customer and large hydrants, a a strong relationships
dynamics Our the to in continue infrastructure. infrastructure manage due utilities aging improve to and to potential technology-enabled by adoption their water North drinking products America water long-term primarily the of end-market
us remain open And a operations. up facilities As result, excited also for further about of please incorporate opportunities call questions. into to the I the that, and manufacturing modernizing our infrastructure while with our technology ahead operator, products
