Thank you, Troy. And welcome everyone.
by X. XX% Troy in the Slide and looking On last Let's like slide, up here versus continue his at year. our this this point quarter-to-quarter. that strong QX quarter-to-quarter are of commentary to were out mentioned QX year up we numbers review roughly I
a for year. at industry the across look when know, you As the you oil softer QX is quarter typically the gas and
QX real strong how so in. with our And came pleased we're
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our XXXX. at nice increase basis, you numbers to calendar when see an a steady XXXX calendar So on annual look you
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XXXX. addition we can see in with how place really you to in the contract April up show that of that the And XXXX, additional new put with product started it in
X, other and slide revenue, revenue If tool tool revenue that's So to look we sales which versus looking. a the go can real we in pleased royalty US. how just is that down and maintenance at break basically rental bit the with related and that's the the
part as in look QX there, we that graph, international of the of $XXX,XXX rental QX $XXX,XXX. at bar came in at sales So versus in and International under the is just
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kind you if of $XXX,XXX a So view line in QX; that looks and $XXX,XXX trend A in QX like. in what of get $XXX,XXX QX.
sit the business. that's curve talking will that we're there's to internationally, pleased traction about confident look So taking the with go Troy's international continuously way the that that that is the good we growth And here at we forward with we're curve and when that as really piece we're numbers the shape. getting continue, and going we of
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they that share. says basically up So that it pick
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had we bit an a we coming to some the that basically You see amortization and in we you less look to coming amortized XXXX, XXX was so assets depreciation May - down intangible $X,XXX, that a expenses the - that down. month and at line, that's $XXX,XXX, $XXX, led expense. fully a amortization amortization had from XXX there
in XXXX. of that - assets of will second you that So fully in have see some May bucket There XXXX. the of that been another that amortize half calendar intangible
as And that expect to so we go we will forward. come continue down that
be will for the expense as primarily to we increasing continue what Middle East Now tools build market. depreciation is
tool With a that's do we'll to increasing asset. demand and depreciable we're that that the seeing, we're and fleet so that continue
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our adjusted focus bar, once quarter Once Slide So can translated of to let's bar strong soft the to and again, just year go into this We XXXX. on it as see well. than XXXX X quarterly EBITDA strong adjusted you want I to revenue fourth our it; of a again doubled line EBITDA graph. quarters; the and the EBITDA adjusted between on more QX fourth QX
strong increased revenue some EBITDA as that So previously well. we that in increase good saw translated
Reorganizing working with of had and EBITDA turn And things we that with things that's that came some were of some costs $XXX,XXX those. out QX. quarter how the were able Troy about. to the adjusted some is some so efficiency doing in in we're that QX we that in pleased and things, of real still spoke the through absorb so And we
marketplace, year we anticipate to were revenue. XX% primarily that on international mid- coming functioning $X costs You the and that EBITDA of today, as revenue. structured We grow Troy million, need we XXs I we forward go be see rigs again, for quite with be get able through challenged emphasize to are some to we'll the percent business as we as Once as we at as we some XXXX the should this are need to that continue into in down. are obviously some reduce mentioned,
balance On we don't the XXXX doing coming I they're where been down it what in are the balance balance end continue a facing. right that XXXX, it Slide order on to cash mean if back is anybody we'll make the cash at we come had market We'll the QX about down, with and adjustments some some make deferred what to that had really QX did these to million that think And and into in and would receivables far years. sheets, make will, the $X of how timing million of differences today. some been to XXXX. where well million we I we've this in perform $X want have and headwinds from they sheet need XX, collections point knows. $X that's But for and the basically do been they we
in collections. and that QX receivables coming come would They're We're collecting on making we're QX. those ordinarily those have in
so range sit the million $X today, where and we about good here is million cash balance feel very and I cash $X.X our so And is. we mean as
been timing we've the I that ordinarily look, taken and you receivables collected that are As care difference, have in said of we XXXX. as those collecting would
see can debt down. come You the to continues
We're principal. $XXX,XXX million our debt you first now at at paid on over add Rock our this we of XXXX. our Hard If note; year $X in of on the have that look installment note we XX% charts, XXXX. our I that end end cut the want since
blue And at first it that we bar made So light note $X,XXX,XXX. We balance payment that fully we're Hard January of X, care that got have three we've we payments that that's and the Rock and each stands XXXX. and about sheet really is at more retired $XXX,XXX to currently the part on so taken will how look once note that excited of. going debt get
netted on out in the February forward perspective. liquidity cash we're We where operations, generate going we some sold cash the cash we in We airplane, an and assets. and in have pleased between expect are so from with hand $XXX,XXX the to we selling
as Arabia ramping uncertainty between obviously look and in is weak this a Saudi everyone that's coronavirus an well. Russia industry's is having understatement. the the production knows, both what So like, and fits up supply great demand is I just together battle that is on mean and with to deal they're as production, side the But of the going
really time oil So it's time, and a tough tough in business. be a the gas to
position we're end we to market the so our this marketplace. more financial hesitant into XXXX. in to and clarity we're of what a stay in we the opportunities of seeing significant get where this as And market. guidance we're because exactly customers kind see really on their the But users that little uncertainty provide And upheaval even to going from and plans and until from any in
suspending the this is since on. we of for much past has hit at guidance just And XXXX. mean as least so this this us So now going right I for we're what's weekend. evaluate
weekend pricing off when past it the as on, As amazing sounds, this perspective. wheels just that was fell
operator for turn going this open and questions that back this So with up to the to I'm Q&A.
