Mike. Okay. Thanks,
wanted regarding a I changes segments, comments on up to new the Following the into pieces. further drill Mike's moving little everyone's clear so from the
cost and view for look after revenues to Turning the We'll at X. and movements. Slide take before a
revenues Our new Services combines segment segments. and of TRS the International former primarily U.S. the
related color the that operating TRS. we'll resegmentation As note, this out by geography Land segment. U.S. commentary the resided U.S. or will a TRS a various in but expenditures longer Services for in to the and our consolidated we the biggest offshore we U.S. these revenues and we'll markets, longer Obviously, separately on provide breakdown provide no will region SEC versus Likely, International is for segments. report filings, break no geographic in also former shift International
this pieces. two Let's down into break
support which based previously which segments, the behind the in premise and our various true shared operating insurance methodologies. expenditures, The supported resources the the expense various programs be is or and support be new First, it segments are facilities, function these benefit Whether other businesses. these U.S. to will segments that show enterprise, entire all this between now from. being receive allocation of three upon burden costs certain running departments, now the split the resided Services to International segments
is its The which being component segment out U.S. Services the into in broken the expense, second piece, is resided significant corporate previously. which largely own
forward. just functions to here others, overhead in the This To going global in report expense, well Houston. corporate such as clear, global IT costs includes as as not support addition be in Houston. will legal this We these separately are costs expense
our previously changes and two would a Cementing regional $XX segment Moving Equipment OpEx only and Blackhawk, tools of was roughly XXXX in the the million International group, formerly allocation. of allocation. segments. the change to the the forward. Notable revenues going regional OpEx small segment The segments as known in the known And Tubulars the be U.S. notable as addition is remaining last, to was and new drilling inclusion be which in Services will
summary, the better business. cost to the in run have us three the and new we will, This in drive cost a more allow efficiencies turn, the business. each segments to discipline, true allocate So in ultimately, with reflect profitability within structure aligned better capital component more corporate of
to Slide Turning X.
statement item. announced the it our to announced namely week, income the as the addition line The general cost, geographies to also relates statement we administrative In we to consolidated of resegmentation changes and income last to be employee related on and of to now the based revenue forward reclassification will and compensation follow primary medical or expenses XXXX cost claims classification, would G&A going our in stock bonus, G&A. that
Slide revenues. If on you at statement costs X, about look see $XX moving summary of million in you'll cost income XXXX the G&A to from
Okay.
that Now let's X. QX got the jump way, results we've on that into starting out Slide of
step segment down somewhat notably Equipment were sequentially slight in slightly to maintenance Tubulars sales million of the to strong in specifically reduction, the pipe a Adjusted strong TRS down Mexico. up as cost, timing, First offset a due reduction segment, expected, sales in in Cementing the to growth Gulf $X.X in the repair the the saw in was slight relating quarter, off, expense sales by product and segment. certain revenues EBITDA as
As well, period, related change. segment costs higher-than-expected the million, insurance roughly higher corporate to XXXX-XXXX to with were or reporting due costs in activity and associated premiums $X.X
cash approximately ended and use $XX.X in XXXX. was short-term was capital quarter $XX Turning to cash with down investments, of Working factors. the We flow. in of $XXX X driven cash QX XXXX by million, which million million QX versus
associated product which customers, longer to accounts up orders locations with in million, certain saw few go due receivable geographic we largely some some a to them. $XX First, terms by was addition with
annual short-term And in deliveries. Second, associated incentive some were taxes. $XX cash product we upcoming payables to addition with payouts some lastly, million due some saw inventory restocking down to
in we a consistent at We year. will also had CapEx of $X we is $XX million think the quarter, with for which expectation the see quarterly XXXX roughly for what full million
each be We likely targeting and the improve break-even flow rest cash to of quarter are XXXX. free QX to
DSO, a significant efforts in manage business environment. improve are As to upon embarking we our inventories generally improving some
X, starting TRS the we a take segment Slide to will segment. results, look with at Turning the
of slightly million For XX% down its XXth U.S. land QX, XXXX. quarter segment saw from of QX, QX up XXXX, generated $XX.X in revenues consecutive TRS TRS growth XXXX. in QX the but from
Caribbean Trinidad continued and sequentially On front, saw as in the the Guyana. double-digit offshore growth growth we in
Guinea of from Mexico, as Ghana was the quarter. driven of double-digit by due expected the U.S. completion Additionally, work. and to U.S. less the $XX.X down was growth XXXX Europe, XXXX. Africa during Pacific. and Gulf saw notably a oriented million to This of and markets projects Gulf the offshore down EBITDA new Mexico in $X.X reduction in mix was of in the of Asia some Adjusted million QX of revenues QX Equatorial
equipment we maintenance mobilizing cost increased repair freight projects. and associated experienced addition, In with for upcoming offshore and
driver million $XX.X is pipe tools slide down EBITDA orders relatively adjusted repeat million is adjusted look in for nine, the up XXXX. growth improvement while segment, it prior segment. business, from EBITDA were drilling in This the is the not now at quarter the helped this in margins which million were adjusted the total very part sales to certainly several wheeler two XX% in $X.X as Turning as the Revenues did represents segment. of of about QX of has nice we'll and Main grow quarter. our our QX take from incremental business, albeit, this down of EBITDA. a $X.X Revenues XXXX mix quarter small
you markets of see Equipment U.S. of to of revenues continues from over expansion and specifically incremental Turning outside in from Cementing that work with up million I the growth Cementing by the QX $X sales. coming to quarter services, Cementing the of throughout close in should Equipment XX, at outlook Slide $X.X in driven U.S. up sequentially land XX% XXXX segment. the activity our look in out To promising Equipment awarded higher of Caribbean. XXXX. with XX. EBITDA margin Gulf international XX% take Mexico market from results. mix trend and product increased quarter-over-quarter take growth on these The The sales drive driven of the We'll was new international through $X.X in business reflecting the Adjusted also in million quarter million a XXXX. was revenues the and offshore and helped fourth help segment Mexico as by slide the the product revenue primarily record the continue was rest this will
QX full to to top and with non-recurring open up XX% guidance revenues XXXX expect to be expenses. XX% growth With international the year TRS we to XX% will We EBITDA call due adjusted adjusted revenue up TRS expected company Operator? driven incremental EBITDA are by QX to modestly growth continue sequentially the expansion that, line total margins. and of Q&A. The
