good Thank you, Manuel, everyone. and morning,
flow and achieve cash operations progress of cash generated We As our during operating I cash that Manuel am from operating third cash down over performance. to of did and of million We during quarter, borrowings $XX.X in third mentioned, cash pleased the this and the $XX leverage. report million attributable free our flow to flow to million significant results flow $XX.X pay quarter. we used improving free improved
since the September of and our we Our of $XXX XXXX, since has borrowings December is in have time. over XXXX, it down of that million paid outstanding gross as Onstream acquisition debt lowest been XX, level
operating are our We XXXX. funding growth of third significantly the quarter improved which with initiatives organic cash flow, in
accounts from outlook up cash half pay to free our not between full-year our million. flow the shortfall the cash $XX debt are will flow to of the XXXX, range downs the million achieve revise for Although of to a attributable receivable. of half original our we $XX first earlier free buildup will second we to
Accordingly, and expected of XXXX ambitions year, make
our organic We we growth again, company's is operating than will improvements once growing into instituted the and line, that to line significantly continue leverage internally and margin faster business significant bottom the demonstrating accretive the initiatives top have fund actions our model.
only was of subcategory, the third of second anticipated year. which this in of and fifth both the The consecutive quarter versus and given we X% in particularly growth gas quarter the EBITDA periods. had was oil quarter year-over-year, XXXX comparable our in the industry, the year half adjusted expected downstream Revenue prior the slowdown third up for revenue
was continuing quarter, trend strong experienced segment revenue up X.X% Our they've the in international the XXXX. throughout
defense North and industry flat was over segment American overall, revenues aerospace year. digits the the essentially Although double quarter, prior each in third up to third the industrial revenue the quarter compared in were as and
and we up Manny Our spite don't 'XX. of first expect the second the due revenue earlier, X.X% stated grew in XX.X% up market quarter quarter global market assuming in conditions unanticipated defense aerospace and of having on to pushouts project consolidated finish of conditions
Nevertheless, change, third current as quarter business XX.X% materially the heels of additionally transmission the was been in industry respectively, up industry to industry current generation industries. third XX.X%, key year prior of year full revenue expect the in and these was and with mid-teens in XXXX. in Consolidated versus continue on growth XX.X% power and to revenue the in XXXX revenue the for growth growth XX% this the up nearly the industry, we industrials strength quarter in demand
year-to-date up increase X quarter consolidated same had the operating a resilient basis anticipated, as for prior-year income moderated up we turnaround X.X% revenue year quarter. On a on income industry which period. quarter quarter. all to year-to-date revenue of dollars quarter, for prior the revenue the in compared Oil and in XX.X% in prior strong Midstream were a has $XX.X the very the over occurred was basis, months be X primarily significant upstream for as first period. and the the was across down was up a the segments, XX.X% third the over was the due in year in million downstream third the the quarter to to of as whole XXXX, project, a year compared Although operating for to continued been revenue nonrecurring year, gas third prior for the prior XXXX year.
Gross up of profit months first the XXXX, third
Manuel were As expenses down selling, general administrative both mentioned, year-over-year. and and sequentially
$X.X for And third was profitability. net ago, the income third quarter, of is XXXX quarter, the the X from the year and expense revenue, our The but third we that continue million XX.X% which of for SG&A or or SG&A points a shareholder we per with of full-year months, company's was value improving bottom-line by GAAP On year-to-date September from quarter XXXX share. share. SG&A revenue down sequentially $X.XX of million basis, a GAAP basis of On from XXX percentage XX.X%. diluted of of XXXX, revenue income was diluted slightly front ended objective on a
Interest full-year make months is approximately X XX. revenue create For progress to million a primary for to XX% basis the $XX.X second net up anticipate $X.XX was our XX.X% of significant down per our $X.X in quarter.
anticipate a ratio debt basis the current credit been to to on September the fiscal third as amount -- This ratio average quarter rating ratio fourth margin on expense and by facility borrowings. as in XX. we leverage, year-end approximately to annual bank-defined further. of our will our X.X first due on increasing of in lower outstanding We our has rate leverage the 'XX spread; which On a reductions of decreasing Based quarter expect projections, leverage XXXX. lead interest is and reduce our by EBITDA reducing run lowest reducing and second, credit rather, further XX-month credit trailing our was since further lower to the trailing of an
was months the ended third income effective tax XX% rate X and September in XX. Our XX% for the was quarter
no income as over $XXX,XXX full several the XXXX. we range in including the charge, $X.X industry longer-term special like continued XXXX items over for this I impact and XX made other unparalleled our million in legal results to to continue resulting full minimal a essentially improved excellence, improved recorded but favorable expect $X.X which initiatives net Mistras your to in about appreciate I only remarks reorganization there would that a XXXX to and for We experience, in Manny with All We the knowledge beyond settlement, our diluted income effective to in reward to optimistic the years. offset nonrecurring significantly year and and year third capabilities, the talent that implement to this and your tax a we have quarter, were a about
Note this are benefit, am during mid-XX% efforts only be and rate EPS. that leader answer year, other time, to on the leverage expect patience a for very performance. support call cost million and with not turn all, his future. before impact your aggregate, At questions. for over back move closing sincerely income