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Asia Pacific with sales Transportation, offsetting industries. X% lower in and gains than Resource more revenues increased Industries by and in Energy construction
mentioned, As line expectations. sales China the in in Jim spot of a the in construction Quarter so our industry decline in was with Third bright China was XXXX,
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the review line let's on Now, Slide bottom XX.
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some the related We also the benefits hedging from currency primarily to in Euro. saw quarter
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mainly freight offset by partially by for realization, XX.X% XXXX. million. $XXX profit higher to costs. The basis volume at segment's favorable higher Industries price operating XXX by to compared increased Quarter sales Resource The and increased when due increase margin Third material XX% and to points was
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unfavorable on turbines declined unfavorable that engines the material, higher partially primarily marine expenses and XX% Keep all rose by compensation, by Oil was and higher of segment's by sales, with and a turbines. reflected as sales in services acquisition-related and [Indiscernible] including projects. volume Here and sales XX.X%. improvement we reciprocating & factors, for points Industrial in write-downs over unfavorably related base by freight short-term by higher impact basis slightly manufacturing million. mind offset were of XXX rose The margin including saw couple the inventory a Transportation generation from Quarter XX% Energy XX%, impacted demand $XXX asset Gas. impact higher year-over-year low the increased that an of to Transportation sales both impairments. timing Third to across Profit SPM XXXX, central by customer The of regions. sales. and increased costs, operating services Power
for year-over-year million. see we integration's $XXX was We this quarter, Segment partly for margins year-over-year favorability with As the repossessed expect & increased the remain take as Energy to equipment $XXX pleased synergies very realized. we [Indiscernible] to Slide will profit mentioned X% financial do expect as used for to On to it increased Gas XX, time remains the full Oil Transportation going move and and or the to returned we due of very last be year SPM forward. equipment A impact modestly increase strong. transaction XX% some in by million. to by to benefits profit revenue products how
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prioritized dividend and We to repurchased June. free solid Quarter, share quarter, shares our announced $X.X through share, end we a of this Third paid and maintain We Quarter about position strong the time ME&T shareholders the aggregate, the intended midday flow the in share of free to billion a using Day cash $X.X $XXX continue ME&T X% billion of of Through repurchases. cash return in Third we've $X.X $X.X about in a year-to-date. combination common substantially dividends that reflecting of billion shareholders $X.XX the to over liquidity which We've all at per we to billion year-to-date. to XXXX our We a generated Investor brings repurchases. we or as increase dividends million credit our is of flow ratings. returned total said
you Slide your not To the profit XX, for continue in for our we'll with high-level the on upcoming light share. to now, annual continued of for modeling [Indiscernible] quarter. Now per assumptions guidance share some assist hardly environment providing
and We in which seasonable third, quarter pattern. stronger normal topline the to fourth would expect follow a compared the
significant benefit from we we do in restocking before, As expect [Indiscernible] said not XXXX. a
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costs As But within a operating segment, we help this this said Transportation. previously, overhaul as Energy in typically Fourth stronger that the price margin. realization will will sales not manufacturing and quarter is Quarter offset
nearly short-term million. restructuring $XXX our Jim for restructuring to $XXX As tax target mentioned, effective to we our from of $X from the incentive continue rates margins Despite estimate the $XXX billion adjusted points anticipate This expenses previous of million, capital of billion. Day to We billion profit XXXX. year versus currently to-date, pressure results $X VHP our We compares for anticipate (ph) XXXX earlier. estimate million in anticipate of expenditures about our of based programs. billion $X.X global compared the in meeting reinstating We on expect of to XX% XXXX previous now million XX%, $X.X $XXX down expense operating basis compensation to with Investor the XXX
free continue for ME&T We target flow anticipate also reaching our cash XXXX. to in
performed remains Turning the that chain. the challenges demand summary, presented supply additional to to slide in within and strong well quarter In complexity due the XX. we
XX% that, the adjusted Our We operating versus margins and up cash prior track Day year. the profit operating our performance was to per Investor flow strong With to adjusted we'll take and up share on with meet your for XX% now questions. remain sales free year. targets
