Thanks, Steve.
margins our market XX%. XX% as recovery first mentioned, the per service revenue basis industry expectations. during robust business while followed the rigs associated efforts, margins Product customers our highest product EBITDA by strong growth EBITDA by followed previously reported EBITDA over U.S. Despite the their during since rig our incremental during of points quarter land across improved strong lines all prior levels revenue from the As remained XX% constraints, XXXX. to we adjusted period period rig at margins outperforming increased in product were product the during efficiencies XX share with increased lower cost a quarter, and reached U.S. period. due
the increase followed rig efficiencies second the in base further despite quarter. customer second to anticipate expectations to to digits in our low XX% at Product range be the Looking the quarter is XXXX, QX for Cactus' revenue reductions in high from percentage expected the margins EBITDA we during anticipate increase period. product of wise. We drilling during single XX% existing in
we've Additionally, U.S. the trial one of in a independent commenced larger the recently operators with
with continuously City. remains a challenges dollar provide South receives geopolitical active currently our chain together levels. cost headwind, of to then, differentiated high compensation efforts have in that recovery Since of company Bossier inventory with dialogue supply the middle equipment in reflect the elevated and as in led further the While order and tensions the customers year. the confident Internationally, product is American we system service commenced lockdowns first Cactus China will Cost last from has wellhead our its persist. delivered maintained process an being of it
to order has date no opportunities. We shutdowns the perspective, supply high-volume honoring From the also our at focus rather than book facility remained our East. in midyear, expect although pursuing first major on we've had our U.S. to our around commitments Mid-East chain international Far product a in
and vessels ocean continue to to times increase continue transit related to However, disruptions loading given -- increase freight.
Cactus previously, inventory up during on preceding mentioned months. As the stocked
international competitors City Bossier we to relative locations many to source on our facility distinguishes further while rely of our us Additionally, peers. which our of the equipment, continue to benefit solely have
expect operators We increase with ability equipment win differentiated private new customers with market we both forward, focus public followed we private and rigs as business going and to and to our continue to and our execute. demonstrate
Additionally, increased certain CapEx public announced operators have budgets. in time for the recent first memory
of XX% XX% nearly side the rental first year-over-year. during quarter revenues increased over by business, up and the are On the
rental higher our headwinds rate continue as the second product expected second percentage service Labor represent revenue are anticipated are a the is period. to are approximately to continued quarter. expected by margins during as to to Revenue XX% well activity. inflation additional fuel-related costs be modestly revenues rental and driven EBITDA field and For by during product to and expected be quarter, increase revenues both of XX% rental margins. up the to be In as
implement increase quarter to service cost initiatives. forecast However, the currently field as we low we to mid-XX% the range during into recovery margins second EBITDA
on enhance and M&A in quality that of months. be believe market outlook geographically increased recent a management our team opportunities to expand continues our in positioning. Regarding the competitive has useful the can tool or to M&A, This number
to a attractive carefully will that The remains to we cash opportunities However, on ability with shareholders. to returns to to we'll return an continue shareholders focus continue evaluate avenue assess. our our
over and operations, positioned during last quality over and Isaac, announce we and want operator, with may Lastly, XX Administrative be joining regarding quarter the and certainty the and retiring. turn role. and previously thank Counsel. and to David Will's team in Baker this Legal Chief international Officer team. for as also outstanding We're summary, we years great M&A Marsh Bracewell to is knowledge of experience will Will announced from spent the us to fill David Cactus proud In to unique service wish well to assuage Counsel, I of I'll well that will years Hughes to comes General Will his Q&A. our to customer him that few Chief retirement. begin of industry supply this with that, service. the over General asset And their capital a it markets and remains any Officer concerns be back his Operator?
