Thanks, Steve.
chain mentioned, growth third during level supply across margins previously reported extraordinary quarter, highest year categories revenue while all sequential the our this As despite we overall to challenges. improving their
with been in on customers, Following I've U.S. time. levels than recent some bullish I'm activity more conversations
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above-market business is during growth dynamics, positive to fourth witnessing lead which the quarter. rental some Our should
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reputation providing providers point service reliably Our the year safely an in of become as differentiation equipment and coming important struggle execute. to some for should
into Regarding the during were pleased third quarter. expansion our Mid revenue to first the extremely have generated we East,
the unconventional fields in As previously in disclosed, concert development this has has in who with been Arabia. NESR been of active Saudi
customer. key quickly for important with prove a to to to NESR region. for the important This and in entrance our first an Aramco into gain Cactus overall and represents reliability potential was our technology our about step Our we're and us allowed access has area, the agreement with excited
close our manufacturing changes will advantaged the no is evaluate to margins Revenue as mid-XX% seasonal revenues more expected final percentage into I'd EBITDA year to witnesses range the activity to to additional highlighting In pursue driven And elements. approach basis. expect the unconventional continue to to product prepared the during product This due a the of to rental low normalized field margins rental given marginally be on-time operations to in we in for on lower levels. assets a labor would The from customers quarter sequential team. and to continue as supply activity. region the utilization first that on the better Bossier traditional during fourth for increase product We due one by revenue the to most to like typically margins returns don't The and and in shipment that quarter. remarks next accordingly, is manufacturing plagued We our and both in expect We costs the service, while our cost handle ability and by quarter of sales. of we a said, face degree experience levels of decrease remain continue see capabilities, to further challenges with a simply impact working issues relationships compensate of in Increased the miscommitted the in will arising deliveries deliveries. chain deliveries. next our of unparalleled quarters tolerate points. represent size the at prepared timing That not continue of increases key headwind these City businesses in few have to abated. amount the issues ensuring of few have to our increased least. we us face depend we pressures segment
continues to market labor the tighten. front, On the
associates our and unique However, we always Cactus opportunities no we've change believe our been There's regarding recruiting in M&A. offers in talent. opinions that key for successful been
carefully that this extent believe consolidation team evaluate continue become and monitor they makes industry sense We opportunities will the and our to within available. to
regularly, in you investors with are aligned are long-term As and I shareholders. our remind management this business highly
team capital our were rebounds, activity extremely deployment both product cost our revenue flow to recovery returns categories. will priorities. with customers our main As and as cash summary, rental our support the continue we from pleased and evaluate in with free In
Additionally, industry optimism regarding levels take our recovery improve. ready our We to activity favorable ongoing continues. positioning of continues to the advantage as remain activity
back And and so we Q&A. turn with operator, over to Operator? may it the that, I'll begin
