good and James, morning. you, Thank
of in ago, experienced end history. the period the a largest demand high continued our months decline volatility we markets. company's sales Three quarter across Third
followed dramatic however, increase that the levels. We the remained company's the sales in history. have sales below increase, Even year's with sequential last in largest now with
both demand to of by markets differences in around have our we rates, continue over recovery these While by we differences region, see three and last most continue. months, increased expect end market we and seen the to
remarkable while work of pickup supply our American well ramping third record meet significantly a North Our to period quarter, employees up supporting production a China, through safe done truck continue organization as of in this demand near customers as have support chain increased job levels in and environment. heavy production In our duty truck, to the market. maintaining the
portions Standard Our broad range months to engineering six entire successfully during VI new period, an products we continued has launch stage in products of this over China. portfolio National the of introduced our India, and six group in last
our North We full meet EPA also recently announced XXXX product in lineup to America. regulations
While work have has the to capability way intact. of COVID-XX, our we remained commitment we -- about worked the and nearly has due changed employees everything
and major restructuring, XX.X% EBITDA increased American declined million higher was and compensation ago. billion, in to was truck compared million quarter by XXXX. activities income, of to well salary quarter same our decline. of revenue third third The I'll partially results for Cost related summary to volumes. joint third period EBITDA in end primarily Now increase of you sheet XX% salary a the XX.X% quarter lower of Mark discussion and was for as move venture in reduced costs Business of variable drove XX.X%, offset $X.X compared of third the performance $XXX our in compared Lower to benefits $XXX revenues XX%, will to the China. you demand liquidity. Revenues were balance markets. and warranty on impact income more then decrease our savings strong update to of financial for XXXX. our details continued costs and markets was venture take a and XXXX third offset the volumes a of quarter venture the margin in a the through a impact the Engine or to most lower or of income. by compared joint quarter reductions, The joint of year reductions, restructuring production quarter higher of year due levels as XX.X%, ago. the temporary North
Third and Sales year-over-year, in quarter Distribution in international a by VAT Brazil. markets. revenues our declined XX% results also domestic lower recovery benefited from with for segment
compared third work was more EBITDA in the realize Third quarter or XXXX. of quarter our to the America. X.X% EBITDA transformation as North we of sales, XX.X% million $XXX margins of of increased, in benefits
for in XX% temporary in offset XX%, gas in a build both truck was declined higher $XX XX.X% decreased or volumes third America ago. revenues salary markets. million, in New the international in a revenues Power oil compared declined third expectations. sales of million EBITDA ago. was lower sales and of XX%, $XXX with by by XX.X% in the the impact driven was loss reduction the X%, international by driven mining XX% our reductions. the year year-over-year. $XX truck double more sales line demand the year ago. XX%, North revenues Sales markets. than Generation to were in volumes In the a The million driven percent Third EBITDA from China. declined or XX.X% Systems compared Components EBITDA increased Industrial cost North quarter million, the by and of and in rates, to third and lower $XXX with those continued actions. restructuring quarter while sales weakness benefits Power quarter a lower of partially lower of America business, for same Power impact of quarter in as X%. year decreased, offset segment by quarter by benefits EBITDA markets declined the was
North will I then and on I’ll with comment of some largest starting and regions key our markets, markets. some of Now international cover our America,
trucks lower to quarter, a billion, XX% rose increased XXX% of $X driven year Production markets, demand as both decreased share our performance is declined Compared quarter trucks our XX% highway parts business. XX% but America second heavy-duty compared well as in market the service year declined the and third off ago, the but of to of XX% to on by by medium-duty and in products strong experienced quarter compared revenues in but field. increased a third sequentially. by third sequentially. within Industry our continued the in Our we from year, levels. XX%, in North production ago, XX% to quarter last Year-to-date,
school our down, replenishment Demand and Total North declined significant XXXX demand market, customers X% with rental generation demand American maintain in from powered for in cycle trucks of In both sales sales XX% pickup to engines clear We and market a leadership market power with our by gas to shipments in our over truck medium-duty transit and bus power new trains driven truck by and Demand and power Revenues XXXX. XXXX. lower by the for continue domestic, decreased XX%. domestic customers. compared demand share X% year lower lower Cummins markets fleets for the driven equipment our engine bus in market. construction equipment highway by backup oil after through who went a by included remain demand quarter weak by fell increased quarter XX%, by by ago, markets in XX%, OEM a partner second to with and production catch-up extended third shut down. an in
revenues markets. in year our to of turn international I'll the Now compared XXXX, flat International ago. to quarter were third a
demand in strong joint revenues ago, demand medium by China, quarter for ventures an driven Third billion, the China, continued duty industry year increased including to a of heavy to by construction a ago. $X.X And and trucks XX% increase both compared in were markets. XX%, year quarter and compared third in truck
activity China. industry record normal production for Demand sequentially, with the quarter scrapping of third driven third government supporting old and trucks. by policies, for continues improved declines to in Total any on the While the of NSV demand levels be quarter. which is highest freight
engines. XX%. Our Foton utilization XX% in over trucks, by partner stands Foton, increased driven market quarter the increased well XXXX, market truck higher truck up at already increased XXXX market use in duty along up regulations now shipped and our markets improved now of share X.X new driven strong NSX XX% of trucks, over last the of in as while market year, with next are China X% as certain was of are XX% products. light units light quarter, from so of engines and cities increased and the our are new our share acceptance production, for of effect as duty where are as Industry JC, XX share in XX our engine far was models NSX compliant third our by XX,XXX share including place. regulations seeing our come which third Foton, portfolio, by of market our entire these engine in was sales quarter, our all from in We've liter there share and applications leading in and in well X%, our July, NSX into
into are sell XXXX market, and our transmissions automated year. selling track we the of the over manual by on Chinese addition, AMTs to In are now Endurant end the
is a for central in year demand infrastructure support XX% municipalities local by levels government of quarter excavators and China, The encouraging Third to by housing increased ago. borrowing projects. from in investment increased
in demand. infrastructure year projects issued, billion excavator over $XXX targeting in local loans far this government So have resulting been and increased
year XX% ago, our share compared equipment for by market China this with Our standby compared flat driven was customers. the domestic customers a center data weaker a in strong for demands year to ago OEM increased demand power. of XX% on Demand by offset was power generation performance quarter to
India, reduction Third in from were India of quarter ago. third XX%. million, a the decreased Industry in ventures sales revenues truck quarter year XX% a including $XXX joint
by declined generation XX%. power While sales
While truck than demand sales quarter the more It's industry compared remains very levels. at second India to low triple in levels.
are Systems aftermarket of in discuss business, wanted market, engine markets, activity business, current Sales effective to well benefit flat on-highway also in truck are mining to that iron related well during our parts as among Latin China, XX% Power demand I in incremental as older primarily of While position, XX% standards, Both have in of due and sequentially. business in by XX% year, sales and by we tied compared and state last is of due for to to increased Part stable while lower our down on-highway remain to tight, in positioned bus of resumed mining Europe, for in to oil the engines the and stimulus recovery because sales production, in markets. remains Latin we XX% year. rebuild the compared to Parts as declined Europe, XXX% Cummins In weaker second ago. we recovery model revenues Demand for this in mining market leading and April. on engines demand and sales in Indian in sales our year-over-year as sales are by infrastructure. were especially as BSVI markets year to credit last declines both to certain emission lower quarter availability content America, declined our and parts truck for a America, seeing gas regions. our engine year-over-year those XX% Outside India trucks. business. from sales copper with quarter markets. a quarter. government XX% in a Compared low truck seeing depressed miners, engines remained driven demand of by became well demand Global increased production second the increased X% coal our remains XX% compared segments our parts ore which Power Systems meet in in saw construction OEMs truck to – revenue low.
of levels demand the in end most And remain and future third to strong higher offset industry We and currently markets, in across to countries backlogs from truck in demand continued in about company levels, we increased markets improving truck while remain of demand markets, sales, outside by spread levels. consolidated quarter increases second While encouraged revenues modest COVID-XX demand to fourth fundamentals quarter cautious be are most American the due lower of quarter continued expect American China. in we Asia. our similar China by demand with aftermarket continued North in at improvement North partially in
to that expect market of based and the recovery both economies actions, differ and control region-to-region consumer of stimulate may change and business the continue spread government We confidence. to or on COVID-XX their from will to pace build
heavy-duty introduction reduce the BSVI as continue of XXXX, EPA the our regulations truck we full XX-year and build for engine medium levels new announced We hard continue while and during Navistar. economy. India. support XXXX the users extension Navistar's working of trucks strong to August, relationship In and heavy-duty includes applications OEM for Navistar. the build North our bus we medium China end this regulations as with Cummins for period. and well our our Through supply partnership extending of of and of emissions end will relationships – engines our to increasing products, product with launch development and in in This in our products America regulations fuel continue NSVI to the lineup through
acceptance encouraged are are already field. these of We that market in the by performance products and the
carbon-neutral their We customers our continue to technologies. also transition in to focus on supporting
at hydrogen develop attend production and Cummins to we event. Day in will fuel Our virtual are hope more excited you on how business our XX. we November about Hydrogen cell able revenues doubled all our this this to be to expect and We share Segment Power new quarter,
me financial our let to flow. Mark discuss this over quarter, it performance Mark? operating record Now to cash turn our including
