Maryann T. Mannen
We was delivered in $XXX Doug. despite decline Total EBITDA million. Adjusted track the the on EBITDA performance operational adjusted outlined. solid reach Thanks, as we and XX.X% company XXXX quarter. objective, have forecasted is to revenue margin
a Surface by charges further margins in margin share margin to in Offshore Adjusted significant revenue in transitory at performance charges credits overcoming particularly resilient quarter. higher $X.XX, Subsea Technologies, after experienced diluted increase a driven strong much of $XX and improvement in quarter, the lower, totaled we was in robust by Looking on strong continued sustain levels issues prior-year when period to first a performance persistently the after-tax despite segments, per execution. delivered excluding quarter America credits and North from when share. also per After-tax quite the although comparing diluted in Onshore/ activity sequential project The markets. And continuing in was operations improved $X.XX significant million. earnings comparison. international the were and decline
We that these which items. release accompany our schedules have provided detail
items. share impacted million $XX certain $XX our or exchange the reminder, pre-tax a charges: of losses in impact rate these tax excluding diluted quarter included expense. to share in of the increase foreign effective partners venture the the the XX%. liability items, payable per to quarter was in guidance of and per included following excludes diluted items the $X.XX These interest the or included million the of significance $X.XX corporate for impact When related discrete As expense, joint
Pacific, will in XX, slide America. Asia segment to driven I a declined Africa, more the revenue project activity few provide prior-year from details by highlights. lower Turning North around and Subsea quarter, XX%
points prior-year from benefited from conclusion Subsea as Woodside in growing VNG and XX.X%, although other significant and of contribution reduction against down and projects the successful EBITDA on plus Karish/Tanin, integrated on quarter reported Trestakk, prior-year Equinor quarter initiatives Norge basis activity the less cost However, EBITDA Enfield, Petrobras, merger by than Kaombo Adjusted XXX revenues in achieved. the key flexibles adjusted the Energean from somewhat such Total for margin offset continued a lower savings milestones, work project revenues, an Greater of also quarter. part benefited Fenja.
in quarter, We work also of in Santo basins. Espírito Petrobras venture announced conjunction the the book-to-bill the Recife begun an the orders construction a work and in Inbound Santos vessel, for flexible Skandi X.X. period partner contract have with of the were we billion eight-year delivery owned resulting and joint under with Campos, charter in our in $X.X lay
quarter, beyond a points XX.X% margins has declined were doubled in EBITDA sequentially across our $X.X on of primarily to As related each $X.X XX% higher major strength still project. We we with activity although EBITDA in where We growth Ali declined closer prior orders from Adjusted significant levels regions. several to quarter at Onshore/Offshore saw ending prior-year Adjusted Yamal versus Project Yamal project EBITDA all PETRONAS continued as suggested, year the backlog reduction the outperforming XX% to contributor. of XX% revenue last large activity the Segment up is basis versus Yamal quarter, XXX than guidance revenue. prior-year the and improvement adjusted billion. quarters, by versus projects, in inbound projects, SOCAR billion. during quarter outside to continues grown in the RAPID grow, the Petrochemical quarter second the Onshore/Offshore completion driven experienced prior-year the full-year moved of LNG. has including quarter, refinery, Jebel more
Americas in Technologies, increased had for Technologies versus the recovery America by activity, Adjusted work. International XXX with Sequentially, prior-year faced cost XX.X% XX% services. and quarter, versus We an prior-year margins improving services, revenue volumes transitory aftermarket Surface international driven EBITDA demand with and significant on in in the benefiting the quarter, partially the of versus control markets. quarter, increased providing to pressure Moving our from offset strong basis from also increased margins by the the prior-year continued equipment fracturing businesses. in wellhead and first pricing systems in we North improved America, increase international points leverage volume revenue structure both the from pressure higher of some good hydraulic support strong benefited issues Surface to North outlook. a full-year quarter,
in the international. we aftermarket quarter for addition $XXX in In America, at activity growth ended Backlog to the higher experienced Surface Technologies million. North
our The than Clearly greater function working flow project-related cash was of period. by of estimated. of to which Onshore/Offshore for billion due been timing awards not largely these award schedules. capital the when we impact anticipated projects been tracking, working tied of This certain have inbound. on we working results Cash to uses a a $XXX $XXX impacted the activity. of on in saw $X projects several Turning capital capital to flow, received is million, our have we million. The in driven negative items the was from the primarily projects of had outflow positive specific quarter, will have the timing operations decline
certain in had Additionally, the the not that back outflows repeated we will for of items half year. be
in million operating We total the quarter. of payment $XXX cash There $XX quarter. for quarter to of fourth first Beyond expenditures million discretionary distributed $XXX a the dividends reflecting and were shareholders, were the several items for the also capital $XXX line, million including the for to-date, payments quarter quarterly largest both spend and distributions. repurchase, of our million share timing quarterly impacting
were incurred acquisitions. the million In items million period. related these also $XX to total, We spending in discretionary $XXX
Importantly, very sheet. these balance items are by strong a supported
Our net at quarter-end. at cash stood balance billion $X.X
$XX.X Turning to ended quarter slide backlog billion. at the XX, the company
we remainder illustrates, revenue XXXX. As for have the coverage backlog very schedule good of the
XX% of our revenue completed. Most the Services. full-year first we revenues and activity midpoint have the services anticipated than Subsea our for when more results recorded Subsea, when coverage is including of is from For guidance half
on increased XX% are for since in in has half revenue quarter, For backlog revenue first increase a orders to XX% the we XXXX an and we of than transitioning the see beyond Subsea continues our year. When to guidance and good provided scheduling rebuilding first to a for billion. and year-end. change have in been more the for revenue the success we ultimately the of XXXX backlog, to execution comparing the demonstrating company to activity significant has project sufficient range structures. $X.X backlog to streams. the backlog meet That have more increased we revised And a not because create of future $X.X project Onshore/Offshore, scheduled included improve which the revenue back will in XXXX to the billion the revenue Medium-term visibility for income period significant even recorded strength growth. beyond the beyond. of in of visible Clearly, XXXX,
We are ownership we where the working large on minority projects only a hold position. few
in for coming As and the years. exceeds equity billion the as backlog slide, in over the and affiliates basis projects our now income visibility backlog with $X.X pro illustrated forma these growth serves the associated
income in to have is opportunity our the we that incremental Importantly, disclosures. stream this shown backlog
updating as are for awarded Turning expectations reflect project XXXX, to for in guidance, our continued strength both to well as the we the Onshore/Offshore work incremental execution.
update, billion towards previous billion. revenue indicated the high-end we $X.X $X.X for range that During trending of was first to our quarter Onshore/Offshore our of
to increasing range $X.X billion We XXXX. $X.X to now for expectation that of billion are a
previous our of versus at guidance guidance are XX.X%. we Additionally, least XX% increasing margin our to least at
XXXX sharp to of XXXX. of In will deliver our on remainder of Surface second North in half we that sequential supports expectations for strength further also quarter supported to commitment the recognize change with remainder we the strongest give for billion the exceeding to quarter reductions previous all first solid orders that in the of in recovery continues us results due inflations. yet Permian Onshore/Offshore. to slow visibility our Technologies, orders improving were outlook. look related for the Total revenue in second has with in the at for tariffs full-year our In potential inbound no XXXX Subsea, particularly the the updated price our year. to our provide beyond our capacity takeaway earnings TechnipFMC, segments. For uncertainties Backlog summary, second and the America results half, in confidence the $X.X improvement to with we When with coverage company along of outlook and pace our
capital impacted maturity, should going to working by forward. improvement While project project generating awards continued be new be
our remains strong by the activity performance our outlook an selection best-in-class very supporting in success. a critical across the our Momentum tendering are quarter. positively, priority FEED right project and Project solutions improving services, influence engagement Importantly, our delivering top execution factors project remains to targeting operating end-markets. as and We early good driving focused projects remain trend execution. continues that in on as and project evidenced
maximum clients have leverage will We to prioritize unconventional, the and and you resources opportunities opportunities, call Operator, assets see and that growth TechnipFMC. namely generate market for the we value may where for greatest towards open questions. up our LNG, and we for the our deepwater,
