a quickly our this revenue as But most our generated X. markets, good to successful of base the nearly call We proud X% our against first our a hard disciplined EBITDA and quarter growth on end and focus key namely installed execution Ivonne, work couple line pillars, quarter diversifying execution growth today.
I'm the everyone strategic environment from morning joining positive was on momentum the demonstrated during our weaker and growing exposure.
Starting cash as you, well market Power favorable team's contribution importantly, the we're quarter, and during on Vapor identified financial backdrop Slide largely and the revenue at the management where integration quarter deliver acquisition adjusted that have synergies revenue Thank to The acquisition. our and growth was first to initial disciplined Vapor cash which on strategy. The of global by continued not from our and track, top solid end were our we of extremely free by able flow the Vapor integration highlighted and flow. of the strong in excited leading our conversion. contribution in we by successful were contemplated diversified Power driven is Power us
basis. revenues organic our However, on Power, declined X% roughly Vapor an excluding
focus have in not installed a been decline, customers. exposure XX% our that important our our decline possible growing only for organic While would we're our modestly on despite organic revenue note and base disappointed our of end by during if the revenues performance This project large the declined quarter. of it's diversifying market type revenue to not
growth business grew half the large of continued Canadian noted trends call, on as operating revenue, year-over-year first point after the weak our project on sales project with a quarter revenues, we customers' time small material are consistent The addition, X% is tied to and offset in pressure our 'XX. spending customers' basis together which second was In our capital revenues, in somewhat fiscal our earnings OpEx tied our which on by refer our in during budgets, a generally to last XX% to generally which budgets. annual
Revenues As associated materials nearly XX% of of XX%, revenues, to were XX% and compared in our while spending small revenues represented the first the we during on project Slide million XX% the our with were project X, total our total detail $XX mix a only OpEx large year. revenues quarter. prior
revenue OpEx of our this X% We're recurring of and demonstrates our deep base installed the result Power, Vapor believe benefits exposure. organically. this proud Excluding revenue increased and
mix as higher gross margins. generate current more stable provides as and Our our predictable revenue a OpEx a stream more given mix, profitable revenues consistently well
In end market. market addition reduce by quarter, strategy me discuss important our you've oil been goal of to benefiting our from more also our diversified recurring An to exposure. to the gas the has and revenues we aided during aspect first exposure heard were
our weakness a a been have gas of as oil of our results our result and to inclusion which end We we've sector. Vapor a Power, together in driver of efforts, getting revenue our goal and recent positive trailing total the of diversified market the the has to goal a XX-month achieved with on given XX% at basis, least
oil key once of gas While results is our it our is and that an driver no the of business, part was. longer it important
very the in despite business we've work more cycle. X% to quarter, very successful across during these generate the position Our be we gas to markets.
We're declined pleased we're oil to our so business the accomplished financial were of able revenues the and weakness proud first solid results
believe is durable built and generate operating spending of more cycles. to benefit large improve. to range a the as positioned still well important installed economic that one large more an trends is that All base to a project we said, the we and spending that have Thermon, equipped across project business are results driver for We business is and predictable stable, scenarios grow
in upcoming uncertain the the rates. elections we cycles experienced uncertainty capital of recent the interest large As discussed projects environment, customer related sales macro and by extended quarters, have driven to trajectory
While year-over-year market we but see believe positioned ball optimistic November continues we in to the our very remain patterns the have is large spending normal year of have and cautiously almost be we pipeline we cuts market as that XX%, improve get start elections, encouraged our robust, that been up a We we difficult second when delayed Unfortunately, activity don't are project project half is as rate timing uncertainty, crystal total clarity our well in currently the fiscal quoting decisions September and remain on we do and the to will to a on X%, some basis. Fed hopefully some given both spending up bid expects. resume. predict,
turning bit Now our a of and our Slide growing spent in market to X end diversifying on quite our our installed focus exposure. and pillars. I've time strategic already base
However, I do opportunities on want update to our capital decarbonization an priorities. quickly allocation on and our give execution
continue sales $XXX million, pipeline decarbonization opportunities to to the see XX% We of representing of grow our roughly total. now over
X% in in $X the we decarbonization quarter. During orders approximately or approximately to secured the orders of related million incoming the quarter,
more will priorities.
With X.X allocation capacity to acquisition. say our to We're I'll position wrap before quickly are As Vapor that, of leverage growth Greg? financial capital over provide Greg, in coming review it believe detailed range discipline, relates to first with it I of pursue targeted pleased following more a financial to our Power some Xx. we objectives more very remarks our provides our with who but of suffice to nicely enabled quarter up and provide with delever this the of capital with us Greg a on below financial We in which it than our allocation, will us the X.Xx, strong sufficient details, outlook. our results solid to turn has our ratio
