presentation. of Ivonne, detail I'll to quarter Slide which X my on and today. we highlights, good everyone on the begin call you, with morning our us the joining commentary third Thank
cash revenue, quarter solid resulted cash execution by execution global our third capture bookings team, the balance generation in strong demand positioned to continued expect trajectory business from on will conversion. strategically we benefit flow to another and drivers, strong and sheet, disciplined free an improving are improved The our our was the margin period which OpEx-related priorities, quarters. of momentum, strategic this the flow in our we against which our Based of in strength translate coming efficient growth
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on basis a constant positive This and increased reported currency XX% Our up modestly with on a in resulted basis. orders a book-to-bill. organically were another quarter
discussed last backlog as increased nearly solid up backlog the conversion reported X% quarter. well The basis our the backlog as slightly and I Importantly, strong is order by a growth organically. being driven trends XX% extended on was
a the moving headwind forward. our acquisitions. from near-term and visibility the came us has The margin EBITDA confidence burn more favorable heavy an the our nearly of despite our revenue growing While key to of business bit which enabled slower modest in adjusted backlog gives third mix generate drag quarter, margin was driver during increased that a and workload us XX% recent a a growth been engineering growth, backlog in higher trends to
business. a we was the mix benefited the savings initiatives cost from key the instituted in we've While also productivity factor and improvement, across
discipline resulted And EBITDA. to first believe cash which capture generated the conversion margin ability strong lower strict margin million of profitability months XXXX, free achieve is profitability year we business, providing flow, despite in quarter. in very the potential during We our financial $XX flow targets. during the from the X in quarter fiscal and confidence our free for overall the our quarter third up Through cash slightly highlights finally, million our were pleased last $X long-term with the
As $XX in quarter, net a over debt third down at bringing during result, the we our Xx. down paid leverage just end quarter million to
results a items. in to So the like with more the want will financials detail, I'd on highlight Slide that, but to starting cover few turn key third Jan X. I quarter to
in we are trends and remain we diversified our end growing our sector. seeing on an focused gas are and end oil While markets, for business, the improving important market
we quarter, chemical, third including in petrochemical, intake As in industrial improved in continue discussed, I a oil general experience gas. order which by was broad driven solid trends to transit, the to and already strength, addition momentum rebalance during market
The extended has recent tariffs to on we we and additional aggressive uncertainty approach encouraged improving, customer seeing broad still in decision We're capital activity. remain quoting projects, and unfortunately cycles strong the the where is larger confidence growing opportunities and believe business. created pipeline by
the on With yet and nature we are trade business. the fully customer question, not final behaviors the and in the underway, contemplated outcomes the of fluid have talks potential impact
would our our like operations. I take manufacturing like to We a our moment customers However, Thermon's to and people, be reinforce to with close to our manufacturing strategy. services
us both customer to to be responsive produce in needs. and to U.S. allows footprint in the Our Canada countries
this of F.A.T.I. acquisition in a further was move direction. Our
potential improving and as breadth the about and trade as our Jan later position, be call. While this these closely of in to We'll a approach duration monitoring natural talk import fluctuations clearer. tariffs duties. magnitude, more negotiations currency competitive the in the exposure serves becomes hedge will also
pressure by large revenues the in quarter, projects. driven ongoing the by during Our CapEx declined X% reported
our However, remained revenues short-cycle resilient.
X. Slide to Turning
increased flat ago. total basis, XX% range business. represented few from the third organically XX% quarter were of our despite spending challenging XX-month environment revenues revenues up essentially during our the CapEx XX% a OpEx On OpEx and the Our trailing revenues, our a just in years low
to capital continue should a will going stream to expenditures, revenue which the mix. large have in OpEx an increased revenues the rebound provide and on a profitable more anticipate do impact We exposure forward. predictable But
margin driving enhanced In stability, business our improving is performance. addition evolving to mix revenue our
the quarter adjusted EBITDA quarter performance was years us and third despite decline. our XX.X% X margin has Our quarterly enabled the highest in margin EBITDA modest to our grow during revenue
our pillars. Now X turning Slide strategic and to
important continue our We reduce gas in make quarter key oil of has during sector. backlog revenue progress strategic goal strategy trends, and the our growth. expansion our priorities our to to OpEx exposure been and on by aspect favorable the evidenced And a third margin as
least we As end revenues from I quarter, of markets. diversified achieved our discussed 'XX last at generating goal XX% of FY
oil an important Thermon. end is improving still remain market we and gas While committed for further maintaining metric, to or this
we've Mountain gas capacity new business. by we've maintenance our we've seen driven In So with a seen drilling oil and the been and momentum activity encouraged programs in Trans additional increased support by the Canadian business, recent to export commission pipeline. LNG in and pickup this export particular,
I capital. maintaining the on which investments more capital the will outlook focused see seen of market we in organic discuss our oil are and our strategic between of financial disciplined priorities M&A, further and flexibility, balanced straight-through expect based detail a end return on by administration. the of and my some gas in opportunistic in We later approach of given is allocation in we remarks, pockets encouraged growth, strategy, but momentum could remain new
building F.A.T.I. quarter while during to to F.A.T.I. businesses. We successfully Power backlog Power, Vapor the integrate first current on on Vapor our financial strong market owning At to the convert acquired capacity recently continue backlog and and are solid we see generated results focused of continue momentum. strong the business. trends expanding the
'XX fiscal X.X million $XX million far remaining repurchase have purchased We of shares during our million and program. $XX thus under our share approximately
We a range, continue strong our leaving comfortably position us to in robust execute continue priorities. our pipeline current M&A net X.X capital leverage leverage to Xx with to see to below allocation on our and a
will to provide quarter I'll our some that, review wrap more remarks financial before a our of turn results outlook. it third Jim? With with detailed over up who I on Jan,
