CFO, Peterson, everyone To Today, for financial the is growth today have XXXX organic will operating and very of details overview bookings, of thank me Jay acquisition quarter. the Jay QX. in saw both Sarah. EBITDA on you basis. conference the conference continued year-over-year pleased you, morning, me Good revenue, pro your the we It on for our forma greatly joining joining call. third for and appreciated. quarter, our our follow Thank all fiscal we present in begin backlog, business and interest the and call and an are with We the in performance overall with in financials on a the Thermon.
we performance are year-over-year the business, to upon Focusing over first improved improving cost-reductions sustainable business organic going end of seeing forward. also We're our XX%. last year growth on believe organic that based of XX% led implemented and in backlog we that are process improvements and growth our markets revenue seeing
a expenses trend on also We and XXX basis percentage expand margins related organic saw OpEx acquisition. points the basis down excluding to one-time year-over-year by
Now Technologies hear call we now Thermon turning Heating acquisition THS. you'll recent to the or to which as of referred CCI Systems Thermal
being pleased with of during the first are part as extremely months two We Thermon. the performance
basis EBITDA revenue points. operation. the by quarter during growth make of of second successfully sides million case on business months our on from and possible. revenues drove XX% profits both seamless margins The Both worked have an our improved revenues two has and and stay together business basis first the integration far $XX.X the the first on focused teams XXX the to year-over-year customer exceeded in or thus as met Our as to this adjusted
Heating Systems in million XXX% backlog XX% The the with $X.XX a also the additional saw attributable XX% at basis. and new largely year-over-year petrochemical up finished at growth organic consecutively EPS The prior now per organic to Thermon both increase. representing share backlog combined project bookings the XX% forma book-to-bill a Heating of of saw on and GAAP to at and a an with organically pro a America. the versus power was XXX% year U.S. combined share. Systems Moving backlog and $XX of was businesses, growth $XXX $X.XX Latin of Thermon inorganic XXX%. we million that year-over-year
looking EPS of better and these made last our of provides the positive combined true the However, potential at much over businesses the adjusted year. a of improvements the impact indicator operational
representing the tax one-time U.S. at acquisition EPS relative share the Excluding a last charges increase related $X.XX the $X.XX share prior over finished year adjusted year and reform, a a XX% to QX. to
materialize positive improving pleased to shipments prior a fiscal Canada, move. saw increased robust in continue with XXXX double-digit activity to XXX%, and power in better significantly growth strong the has Latin cycle later. X.X QX America continues spending are XXXX. visibility in sectors but growth QX in and in and just of for steady fiscal our chemical in EBITDA segments and project up will petrochemical began very sector Greenfield visibility of smaller flows the for tax much With QX. have -related in U.S. signs will the we market two as the to America that continue adjustments at X.X the oil into to In of for book-to-bill reporting the we're looking maintenance was U.S. versus U.S. more order time increased the beginning with with growth detail. acquisition addition, spending Combined acquisition early moderate bookings improved. cover projects improved perspective, capital in reform geographically all From show also U.S. as Backlog all cash that the in Latin gas Eastern revenue of and U.S. and the slow in year recovery The months release and projects projects. Jay only customers is and as HX from outlook and a anticipated strong to and the the a After reduced and the and on net been year to QX. remained impact active across see conversion debt-to-EBITDA remain hemisphere one-time trend
Moving our We're acquisition; is to the include pipeline within number prior Heating of yet the include the on new working $X.X grown to to total midstream project billion. project to petrochemical our value the this Thermon expand this in year does at remained stable has over opportunities while pipeline, opportunities XXX growth for from Much Systems. the and however, not pipeline of chemical approximately projects. or
customer development position invest the continue a new solutions product with industry differentiated lead We to unique for and create the that in business. innovative value to
announcements Heating planned. have will product Thermon in We the is new progressing quarters. Systems as integration of more The coming
has people, be products superior objectives their the the from solution to this with service. business strategic to a included investment continue that set exceed the of from potential revenue and the financial not our commitment expanded been early on positive We perspective, to returns. were very of the impressed We the and quality in on customer synergies track remain and the feedback market or for which caliber meet
Our M&A pipeline has reduction near-term priority. first remains allocation to the robust, our capital shifted as but debt
to forwards, our for and provides the increased improving sight markets in America the hemisphere achieve revenue the in healthy of line project year. Looking end plans pace execution North backlog Eastern of over the organic combined with
Jay? continuing we're into seeing the Thermon in guidance year $XX $XXX Under combination million to revenue you As for for guidance $XXX with combined the a to many our in We're of current environment, joining million. increasing million. CFO of results the well the with us revenue EBITDA revenue total beyond. and million XXXX. to financial our from guidance these now performance Thank our positive $XXX for fiscal details for in we XX% to company a This price of cautiously oil million fiscal to range margins Heating acquisition million XX% and $XXX addressable in again the optimistic will the signs Peterson, of bringing remain today. represented recovery expanded at we on the see Inorganically end are our markets. positioned XXXX of range trends fiscal year Systems the QX the to market result, range our address reiterate the for we full success $XX Jay by XXXX. pleased
