few good as pleased the after for weeks. last months. Lee time and Jay his eight short everyone. us a I'd the the in to Jay, for interim today have role like also thank very for morning, to Thanks, only being with I'm CFO
earnings press with of quarter yesterday's largely release, $X.XX per Flowserve's expectations. in were adjusted in line third share our noted we As
are results they be. not the were platform the certainly where operating should Flowserve expected, in The they quarter. issue they continues the to to largest where While performance negative of income with IPD be essentially or what the be for we need
continued am related resiliency business by taken. delivering Harvey. essentially to we Our have flat, Hurricane demonstrate growth months sequential the in and to pleased with franchise actions the the revenue aftermarket the in and with that its despite Coast Gulf year-over-year After role, disruption delays I the six bookings
are changes we While there here that is we making accelerate do, believe are and poised I the significantly transformation at to more to work needed Flowserve. is
very a early me and Flowserve I'm doubt the convinced Here leadership lead Lee that making he became can asking areas great will and with create partner CFO XX company. the questions. change taking value someone that and Lee platform. is significant ago days, who digging shape. both Lee Eckert be weeks are and the have at for right and the progress joined in few new where Flowserve. he our will The the are and just a turnaround I'm already a progress. in IPD In we last Wilson is team few David David's I of pleased no of here drive this
as of several IPD leadership technology, as further In new and new IT, in at well leaders our operational supply I site effort. increased locations. confidence David excellence, the with and turnaround addition to Lee, we in and chain, team have built the marketing
to locations. at to our translating time, operational a of IPD this in solid we isn't are issues improvements financials in making this limited the The While business. are handful
were taking team is facilities improvements solid that's the further in fixable being to progress necessary we forward have in in and being David made. Flowserve. to execute is I continue in to and we are contributor They are nature. and turnaround in The for look the to right I now improvement. restore aggressively IPD Europe IPD effort challenges a these as actions the the firsthand However, large. saw our place drive we recently process-oriented plans that to
We have cost also complete to efforts our that programs and we advanced intend preceded the me. reduction realignment
Additionally, we to flexibility flatten actions to to simplify organization, new have our and initiated and structure. the in more SG&A, cost reduce create
we mindset we and achieve cultural Today, we long-term are a is fundamental much and the greater needed facilities, two leverage scale this, organization the local of Flowserve We efficiencies to are enterprise-wide ahead change ultimately at change facilities. the that begun breadth our culture goals. that and drive the to reduction. of the have Finally, very mindset doing an to have There Flowserve. we and can must and need collection and cost products of enterprise happen. within that significant changes puts By need the
To forward positive, support will focused. foundation this from for efforts developed The we and KPIs, and and the organization. will focused teams create is have for journey. have clarity, and the across our transformational significant culture I'm expectations second cadence, reinforcement is our laid accountability operating cultural disciplined teams clearly do this we accountable for on feedback take greater our from most that ownership associates received critical I've The to initial with need to a our time the and and has help confident change, leadership our move our but team. been this, results communicated these a the
financials. to solid XXXX. building. that markets shortly, detail Lee above to performance, of improve Flowserve book-to-bill I'll then versus on In the we All total, progress third intended bookings of our our talk of year XX.X% and consecutive this much actions first let our and delivered cover and greater end and but comment of X.X is in the part X our our are are that maintained I'll our operational detailed Flowserve backlog program
in QX, bookings are XXXX. which to metrics would our quarter focus need this of have are work refine expectations win these to ensure We the to winning had into challenged to for continue in visibility in revenue marketplace. level While provided that we we a positive, better the fourth we deserve higher
bookings the impact at approximately almost basis driven bookings quarter, So were the of on looking exclusively the Gestra divestiture, original by X% a and in down constant-currency equipment. excluding
at near where While we to cycle, of project operate the bottom environment spending continue we believe in or are delays an the we continue are to normal. in
solid than small that quoting million. was While project medium several we we're of by $XX activity project achieved seeing level award to on in quarter, remain no third wins the We the opportunities. encouraged several greater large
increasingly awards. looking XXXX these are However, like projects
primarily in they did in in we look third to like on the provide optimistic oil remain driven bookings for we but quarter. gas. essentially starting We XX%, XXXX, color increased more quarter about end-markets, with So, America. and declined which growth by with were fourth and EPD. approximately North approximately Bookings included flat a like the the our small gas oil IPDs in XX% to FCD's were our I'd expect pleased project year-over-year, bookings quarter. some award
back aftermarket difficult the gas deferrals came bookings Hurricane oil it's facilities Gulf and maintenance, in to Coast and While impacted negatively of were as quantify to Harvey online. due disruption
expect damage over repair a We hurricane activity next to the continue quarters. the two in slight related uptick to
equipment of back nature their freshwater or given and production customers flush put without chosen However, in flooding, overhaul the repair. have it to the major many
the by approximately Our again disruption chemical XX%, markets Gulf by Coast. the decreased also EPD impacted primarily in down approximately but driven X%,
relatively run. utilization remain grow unlikely increase is to investment significant short competitive. Asia, in continues demand drive globally, in these chemical and are progressing a While remains very in low capital to the Opportunities but
bookings move continues crackers wave of FCD's IPD, environment. Power pace, American flat. to deliberate lower by North while second forward the driven essentially ethylene The driven EPD bookings approximately decreased were X%, by at oil price and a
XXXX, industry bookings or orders other continue IPD and Nuclear China, gas with strength essentially depressed in but countries IPD, by distributed were New market nuclear general are offset in strongest Middle solid Regionally, energy. growth into and and project of remains the down in industry us natural build renewable activity continue, where Europe, mining bookings are builds nearly Venezuela. investing region largest fossil saw East bookings Africa, in we decreased challenged X% bookings very with of FCD and flat, challenges in installation sources the XX%, particularly opportunities remained and quarter. were down for the approximately continues in as Latin XX% In in facilities quarter. third competitive bookings delivered further Mexico, approximately as America, Brazil, EPD. primarily the Asia. our largely the bookings within to a of General be we
of third XXXX bookings declined quarter highest the year. were bookings approximately that X%, Pacific Asia where
Finally, bookings were North less than X%. and stable generally down American
to the now turn me Let call Lee. over
