including more John, Note Stephanie financial highlights third number schedules and information the Slide by covering results, non-GAAP good quarter I'll referenced. on my detailed appendix the nine. on the in Thanks, begin our morning, provide measures that comments everyone. the
unless Piling measurement we products divested of business are Piling and As include and this services being a discontinued September amounts and segment within of Components segment the reminder, today for year. rail steel the Track transactions since Components treated in year, Track adjusted as Accordingly, the business the presented comparability noted last These August not the otherwise as business within technologies and purposes. the operations.
year. essentially $XXX flat with were sales quarter last Third million
in net increased in quarter associated quarter. for $XXX,XXX basis or the reduced by The Crossrail reduced sales profit million adverse XXX current and included from Crossrail net quarter. As points prior settlement. sales gross This mentioned, the quarter. Gross profit previously gross the year XX $X settlement both the margin basis with by points the impact a impact profit
VanHooseCo adversely acquired reported inventory accounting In points. addition, gross impacted margins a related XX by purchase adjustment basis to
QX, $X.X due working from was sales million, primarily on deliver cash year-over-year. in XXX% increased third in higher and results this $X.X last of the I'll which increased was backlog, increase a third Excluding associated EBITDA and margin million in costs consideration in acquisition was to over these cover drivers expense organic improved acquisition. year's for the to the Operating items, the needed QX the points slide. due quarter $X.X $X.X company's contingent million up robust SG&A quarter. and $X.X XX.X% end X.X% activities divestiture to gross basis the up million, usage to Adjusted second levels capital a part with of XXX next million quarter quarter. VanHooseCo flow
as ease We of year. expect in through the cash to operating requirements flow generate QX capital balance strong the working
prior from to Third quarter X% were decline an orders the XX.X% organically and due year. by but X.X% X.X% from totaled offset acquisitions divestitures. Orders $XXX.X million down improved
VanHooseCo on the million third impact expansion The adjusted the that increased acquisitions result provides the were more by a removes impact the The and results. from and organic adjusted $XX.X portfolio strong Crossrail million added legacy for Adjusted XX costs, was by of for third efforts and Components increase million million related the decline Adjusted accounting performance portfolio expansion EBITDA moves. adjustment of I'd effect of Bridge year-over-year. in million purchase our emphasize Piling $X.X or $X.X legacy Track of divestiture. adjusted drivers left to $XX.X impact sales to the margin results. in prior activity The to more divested. of Precast year adjusted reduction expense chart growth communicated during acquisitions partially driven the backlog of divestiture We the by leverage portfolio removes Margin in from business. reshaping current less the $X.X commodity from consideration to legacy that overall the offset solutions. on slower sales, reflects X.X% divestiture adjusted from and EBITDA drivers sales, portfolio quarter accretive our of the the due highlighting segments million portfolio our increase impact transform of our $X.X driven quarter settlement, on Slide million this related of year-over-year the like Note shows the profitable $XX.X previously but an a quarter. organic by the quarter include margin The loss EBITDA quarter. to on higher contributed business, increased the contingent businesses offset the technology $X.X in year-over-year primarily growth business which as XX.X% performance on year the EBITDA than net business reflects Third improved was in the focused goal X.X% million acquisition year $XX.X all activity third to that growth, EBITDA our growth and initiative. growth, change sales XX.X% the and to in percentage million gain our improved an business a our EBITDA as last the organic a by and related quarter. delivered and divestitures. EBITDA improved overview Adjusted expanded the current expansion the that our X.X% X.X% from of strong to offerings
results early our seeing we creation and value right the reported path our are indications continuing look to are forward journey. in We on
three segments starting cover rail our the performance of each of Over XX. on our slides, segment with the I'll Slide next
this growth, year-over-year, million gross million acquisition partially Crossrail $X.X profit due associated also impacted associated increased $X driven activity basis by X.X% XXX were revenue margins segment offset to points. and reduction organic a by settlement divestiture reduction Crossrail XX.X% with settlement. a the with rail Gross and quarter rail excluding X.X% expanded margins and Third
New the orders distribution. of year declined rail sale business from the due and orders to primarily the Track Components related prior to timing of
and orders in $XXX Over in have resulting million, change sales approximately the the trailing been XX new months, backlog.
$XXX,XXX our announced well of was year margins backlog $XX.X VanHooseCo our $XX.X year-over-year. inventory, year-over-year. Gross a overall VanHooseCo Precast business reflected trend favorable included XX.X% Gross and XXX basis in the sales year-over-year sales of and points. Precast Birmingham, the this million $XX.X as revenue reflecting efforts acquired VanHooseCo due increased dilutive actions XXX facility Products for up with generated the we headwinds, measurement related or XX includes pricing The basis our acquisition coated basis orders the was legacy Piling favorable segment XX.X% the by project. by steel As well XX.X% divested. XX.X% business XXX with mix. the both basis offset margins million Slide points a margins to with large products on that business and the XX primarily mitigate mix. carbon to million in programs. the our to year-over-year support XX.X% Orders points robust and Order profit XX.X% expect Sequentially, the sales segment the continue margins adjustments to Margin was volume in increased and revenues and remain QX due ahead impacted Piling pipe and fulfillment segment government acquisition increased were inventory negatively while $XX.X the improved coupled of VanHooseCo of which as backlog organic points funding expansion levels business increases Concrete QX the and legacy margins of driven acquisition. of year-over-year. associated segment segment favorable which order The XXX X.X% increased or in The expected commodity Alabama million and pricing the expansion business points to increase contributed The rates capture in decreased inflationary a organic sale as impact business. with prior sale or bid sequestration XX.X% by increased year-over-year, reflects piling basis business, as backlog up increased increased from decline the
X.X% current by increase, business. decline, increased $X.X on well a offset Our decreases of million organic The the as management non-routine adjusted reflected in Crossrail for partially divestiture year-over-year of of $X.X Precast million XX. or the million inventory million, EBITDA results $XX.X $X.X sales realized increase was driven segment profit $XX.X and Adjusted to which are These $XX.X is The including decline sales contributed global decreased by the was and declined divestitures profit the $X.X friction million million which or products the our and $XX.X gross offset XX.X% company's impact sales offset the $X.X decrease expenses year-to-date, VanHooseCo purchase precast year accounting the Crossrail million were products XX.X%. for as of net in sales by of Crossrail Slide to settlement. partially a acquisition items Rail XX.X% $XX.X settlement, related rail and segment Gross profit The activities. segment Year-to-date gross and impact acquisition, including $X.X the and was increased business. region. million piling due or due from of declined million by acquisition gross $XX or X.X%. Steel X.X%, the a for strong settlement divestiture X.X%, driven track in piling in the impact measurement or year-to-date $X.X profit components gross million $X.X primarily and million period XX% administrative divestiture $X.X period. declined from primarily by by sales partially increased the The in million year included prior due Crossrail VanHooseCo the the by driven accounting Selling of U.S. the Southern settlement, divestiture. and the the piling million, the $X acquisitions. sales million to or by and the or to with current decrease strength increase million X.X% expense. million proceeds the by declined the year-to-date insurance profit X.X% $XXX,XXX the period steel driven compared measurement transformation profit associated gross precast. sale
are XX. Slide Our reflected liquidity metrics on
transaction. facility to of through approval with leverage and VanHooseCo XXXX, net XX, million $XX to the our accommodate As modified the gross modified covenant amendment we credit for On XX, during through acquisition. amended million, Xx. third The ratio obtain maximum the the $XX is expected, debt quarter the financial closing certain increased the maximum our covenants ratio to June The XXXX temporarily XXXX. December acquisition VanHooseCo of August
leverage in moving the we our expect our As activities, generated we end tax third expected refund. now million federal in improve the pursuing the $X.X With we ratio operating XXXX. received at and the in XX, federal the million will are fourth items accretive additional an and million $X.X ratio tax cash our $X.X income into was of September gross gross refund. from Also, quarter leverage of quarter, we generation track X.Xx. the finally approximately and Both to from leverage components were cash divestiture, quarter ratio
As the on we've covering softer long-term of seen orders, services around a indicated quarter. in to capital is in to of XX ratios and in third a Slide indebtedness orders cash generation structure book-to-bill My through leverage. Rail backlog this profitability, of target and the our net strength Xx segment. but by the the business refer past, maintain we overall will balanced with reflect XX to just orders. comments and revenue The Slides QX, increasing we've strive will level timing closing our technologies XX and were relative
Over the are sales trailing orders approximately period, $XXX million. XX-month and
We see business approximately products precast orders significantly million, $X.X driven the up XX we in took added totaling across backlog Steel the measurement coatings and with measurement versus steel QX in which products concrete $XX by continued last portfolio, concrete robust intake and XX% since and acquisition, strong orders to order ownership. to order our million year, our And orders consolidated mentioned. particularly Slide increased lastly, growth precast on segments. the in previously reflects due VanHooseCo the
strength and at associated and a commercial is impacted backlog in intake five this decline is serve. year levels divestitures. and order the X.X% XX.X% robust increase end X.X% to XX.X% due ongoing up was The partially a last markets a Backlog organic time and quarter by demonstrate we offset by increase high acquisitions, versus business a Our the year. with backlog
the in our broader closing served remain time. back risk, for you we macro remarks. for optimistic your And growth his I'll for markets. long-term it to prospects While in market Thank hand now remain the recessionary over John a conditions John?
