and joining Good Chase. for us. thanks you, morning, Thank everyone,
continue Hughes be XXXX million a to further we business removed realigned successfully company. of business. proved to and for costs, $XXX actions OFSE our pivotal Baker reshape streamline launched to We IET the as our recently year our journey
working. Our way the to operate we strategy is transform
cycle records Slide consecutive year flow EBITDA, of double-digit for XXXX Turning we levels levels. XX% XX% share above and orders, third XX%. a peak returns. prior was up by earnings year-over-year, most per primary XXXX, X. Adjusted including to importantly, EPS, financial metrics, In and Adjusted all cash set $X.XX, revenue, free EBITDA diluted exceeding was increases
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company significant results has increased across the to XXXX. the XXXX. both segments record by New $XX and Energy billion, SSPS order largest since totaled up $X.X These operational strong XX% year market highlight the $XXX orders accomplished year-over-year. improvements since million, orders tailwinds
company we in XXXX progress and with the beyond. demonstrated headed is are where about pleased XXXX in Clearly, the and excited
cash Slide X. of our to guidance $X.XX EBITDA $XXX of improvement full realization came million the million remained exceeded the expectations to due Turning adjusted the flow of in fifth Free conversion quarter. of Fourth year in XX%. continued exceeding orders flow free midpoint out. and consecutive full cost above $X the quarter resulted $XXX of for operational of billion and IET strong, range cash billion
quarter, In OFSE, improvement $X more margin commitments. were addition, OFSE demonstrate EBITDA both XX%, margin EBITDA CSA increasing XX.X% to of solid during than with billion the awarded margins. we now continue record segment to In we exceed margins as
unexpected late Macro an X. growth Slide robust coupled led the prices Ultimately, to since into weaker-than-anticipated considerably year-end. demand have build September. to on peaking production weakened Turning Oil with in oil inventory
still remain that However, favorable at markets. prices for across are growth levels OFSE our core
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remains to weakness long-term Despite LNG X. LNG the market the LNG believe for recent outlook in prices, we solid. on Slide global the Turning
levels to In relatively fact, at remain prices compared averages. strong historical LNG
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Turning Slide to X. now
developments the New energy XXX state to heads of the energy conference and government was rate XXXX, we number increased emissions include At methane represented endorsement brought have other efficiency net-zero and a hydrogen representation of commitments efforts COP Energy from and for unabated a doubling global of which global improvements no and standard together and companies. see certification was phase the XXXX, On power. by average down the annual I front, accelerating Hughes. Baker past the by particularly the quarter. Key XX, seen from participation by flaring routine of towards coal well over officials pleased
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X. to Turning Slide
strategy time focused our on our are horizons. We executing over free
of unlocking Over business potential way we the we're and simplifying our successfully focused on the full work. horizon, the Hughes, first transforming Baker
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multiple upstream, midstream, equipment, various industrial pumps have turbomachinery including and generators, markets. markets, and end petrochemical applications Our motors across refining, end
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into diversity Our automotive, markets additional industrial tech and portfolio steel like provides industrial electronics. aerospace,
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market We to products, high-margin this industrial are niche in In service sectors. penetration of extend focused we beyond balance the critical equipment have plant. significant opportunity increasing a to on our
clean Finally across These and to compressors, hydrogen, core and are management, growth most CCUS, CTS' importantly, power IET. for X emissions new we additional expanders are energy long-term providing geothermal, technologies and turbines like targeted leverage able turbo markets.
provides As IET see, of we Baker can to LNG. grow a within beyond you a differentiated opportunity Hughes technologies portfolio have well that unique
revenue solid international, our toward of reshaping to speak margins at robust over cost our Nancy, pursuit increasing Equipment margin target headwinds improving and conversion strong as continue level led incremental XXXX. it I Gas with will us focus revenue to high RPO structure In about like OFSE, outlook. we drive in mix turning XXXX of path with IET, OFSE Tech growth a a of expect XX% the by on despite to year a margins would we Before putting in XX% margins our in In XXXX. IET growth record on
I'll that, Nancy. call With to the turn over
