you, Mike. Thank
During expected. the American market North faced Frank's the third in some quarter, was which somewhat headwinds
through season, the land North not As we new erosion story American is have news. earnings heard this
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momentum, continue leverage and side, our show margins positive steady businesses are the our On to strong improvement well. international as showing positive and
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months Adjusted million and million the nine $XX first demonstrating for QX, year, the year-over-year EBITDA of in was $XX XX%. of margins incremental
we and report We $XX of cash this that flow pleased quarter, capital working highlighting generated discipline to most million capital are free focus on management. our
decrease Turning to third markets headwinds TRS our a $XXX North by revenue produced sequential driven slight substantial the in of American quarter. X, this Slide the million, quarter segment
activity. maintain expect to were to second able through the expected, affected headwinds were bright These have our markets challenges despite growth quarters. rig continue we certain of as we Middle and Europe at that declining offset XXXX, East the quarter. continue for spots see this of least to quarter been the those the couple notable third results been in next increasing quarter have international partially counts, and While both
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several our Tubular during continue in to changes sales drilling have currently confident sight XXXX. into the long-term may schedules. much backdrop deliveries said, line we of as are quarter product this business, QX, expect as growth some and our a trajectory update of That that we had have of We plan in their we improved customers shift to
than customers the and past several seen years. we this indicate Our more have schedules in stronger sales business we robust anticipate significantly in demand,
Additionally, South in market quality America. opened us our Caribbean, has several reputation for including the recently for and Mexico, international and reliability opportunities
will upon performance base drilling XXXX access in sales programs. we to within order our accounts to some as more Mike, drive market focused and have technologies improved drilling that consistent asset of quarter-to-quarter. development customer mentioned our Looking technologies to technology and product us for remain Tubular give by line our next-generation increasing more expanding We completed drilling recently business
X% to was in over Cementing international quarter segment’s activity Slide sequentially, slight The markets partially third revenue our revenue U.S. our This declined increased X% driven customer sequential in Mexico. primarily offset Equipment and it reduced by Gulf of reduction was the market. although in Turning prior-year. land increased revenue X, by the U.S.
XX% over with continue share rigs We Mexico quarter. market presence our Gulf to in the the throughout on increase floating of maintained
markets Mike has organization of management Turning margin the and of a will in Slide a the will industry recover comments, business historic strategic X, recognize streamlining levels. quick not changed. to were to mentioned series player the become for as in onshore rise improvement. will this if reviews be It to the his also of adapt. Frank’s And goal be viable We team that fully be a the that apparent we markets the order have even trajectory offshore to back with itself in conducted to space, the
and Unfortunately, XXXX, lot listed for company, current a scenarios relationships out with tried simultaneously in reality. much significant a and company had has recovery a infrastructure more than to publicly going is maintain and culture. that was the being customer built to what market larger a public our infrastructure build company its our Since comes oriented has of
change affected. been be has five business next the the of our some implemented where a to review has of approach took over combination soup quarters. be following feel to the we meaningful the team a nuts categories initiation project The and We identified of can
customers first rationalization reach overseas our reducing of cost locations footprint. is success. is basins our and in and which serving the Global operate The our to imperative
some reducing regional out process move where of where and evaluating going sense the the our addition structures. our returns most We can jurisdictions make we are nimbly through more into of models in are the Also, engineering we projects. of heavier to pursuing
favor the goes We returns validates to There through committed focused project ensuring development will market, and Stage development put every rigorous in dollar be a that to that we some time challenge. Gate projects process to that on rigorous more are time shortening spend and customer we a need, our expected efforts through shelve decide commercialization. an engineering of
We’re evaluating management. and also of stands our layers
scenario. As Frank’s a I today built mentioned earlier, was for different the market
and inefficiency too organizations have that And simply we making layers creates some of of smaller management affect the organizations that can our decision many support need. quick
and length create new negotiations, our It change. vendors also cost during at imperative alternatives more and to is to operate. backdrop cost empower top our to to slow tone Finally, Frank’s with the cultural employees of ask for to industry set be a general change, for need and explore savings conscious drive prolonged our to speak we’re recovery. the the We looking way we discounts, given at to
encouraged started results we heart of have very our taken see to and am that I QX. the has messaging that to in been
better. making our the shifts. To-date, we in The incremental fourth changes occurring size how anticipate and facilities making right will reductions processes have onshore recent for are business during to conduct also taken significant We already systemic are in U.S. we we market day-to-day our actions operations quarter, staff and affect the considering changes with XXXX.
service our an that so to our our manner vastly return Our objective maintain improves to our reach while customers, shareholders. and efficient doing is unparalleled to global in
approximately We savings identified and end XXXX. have can be between $XX that currently of million now the of implemented
We on will much before enabling be year-end. plans as as actioning be the in these programs our fourth savings possible as focused quarter beginning and
we're currently anticipating $X to restructuring million of Associated with million expense. that, $X.X
done The parallel beginning efficiency have in to process. budget XXXX our been plans
details We year-end will share around improvement profitability XXXX call. be toward more able our and on project expectations our our progress to our
million $XX And multiple XXXX to believe exit effective can earlier. implementation, XXXX. longer-term mentioned be savings to programs. course cumulative of ERP also more XXXX. additive are the principally such realized XXXX of There at with involving savings as beginning opportunities end in and of well profit the The run $XX this opportunities are to least implemented projects before the an will over bring improvement about and hope procurement million we maintenance savings We we achieve rate cost
the fourth compared the a the for of to X, top-line quarter. Slide we to on XXXX, similar third anticipate Turning quarter trend
plans over We that and we our are will estimated adoption with high-end optimistic EBITDA quarter-over-quarter. early that improve incrementals our year of efficiency last
segments. XXXX, to all expecting top-line XX, from Looking growth on Slide full-year we're with contribution
recent certain contribution. segment strong margin Our basins has in TRS contract seen some that in wins bring international activities
about During also bring sight business that discussed our would this strong double-digit of Tubular year. growth in we've call, top-line line next
anticipate adoption Cementing of starting is ramp stronger new side year. And up segment getting projects international with The Equipment countries three at traction and in least SKYHOOK this next quarter. we
U.S. through financial to in said we What struggled our guidance. implications That exceed ability confident will to land in XXXX as use, budget our have U.S. predict million push we the provide is updated savings we adjusted to $XXX profile. our details and plans we are our update of land EBITDA XXXX and our
feedback We in appreciate questions. I welcome and Mike participation call. your and today's everyone's
