So, everybody. morning good thanks and Nick,
operating Slide income and third million start that of debt our not X, was related quarter of bad let’s of in to So metal figure $XX the one expense including offset was sites debt on receivables $X.X reported related we clarity included quarter The estimate bad voluntary was this the gain entered charges, until of did therefore million. a some our we recently, appropriate an guidance this considered the in asset Industrial our our in million included administration customer an for not and quarter, This of and until impairment have year. anticipated for the number exit of guidance Australia in $X.X were severance reserve a to quarter. gain ago, items segment now. item also quarter The not and over a included to in that charges sufficient collectibility sale other year had professional our and costs, This a able some that by fees.
by results million. from quarter of commodity $XX was benefited Rest Metals quarter. of guidance Rail adjusted equipment mainly the lower the regions exceeded a mix in in better number performance and for This for and Brazil, aftermarket and debt services work. and better-than-expected our Metals $XX segments. operating our due a our this our to Europe Meanwhile, Rail segment countries, also operating $XX was India, Minerals of and costs services benefited million prices, higher World from volumes contract of including Excluding figure M&M higher helped nickel range mainly item, parts region. within bad & to million higher-than-anticipated income was mix, and which
expected million. related Revenues positive to quarter increased of the this third volumes be within Industrial and As Most year quarter impacts increased year. to the timing and some the X% sales quarter higher prior Metals. compared segment in with of was $XXX increase exchanger in this case last fourth can these originally heat our in the of quarter, attributed were
minutes. segment GAAP M&M the earnings was the adjusted margin adjusted and quarter Industrial. was income, with to adjusted XX% I'll versus attributable XX%, which or for Reported debt quarter, margins few the year improvement per the M&M and the for Our share the third walk in bad increased included double-digit a in quarter. through in Industrial. Also, $X.XX expense, prior the details
the figure mentioned third $X net was bad to $X.XX $X.XX XXXX, Adjusted and cash was quarter anticipated. final this was debt the flow per that cash the our the earnings within had the prior and million EPS advances was quarter As in share or consistent expense quarter inventories venture. in range tax. in share from the in which internal cash third third equity with Energy $XX was that in related we due included was change income to of is to swings per our the Rail performance of segment, forecasts earlier, $X.XX, which includes quarter Free Brand quarter, guidance of the joint of million, Adjusted quarterly the above mainly $X.XX. flow the $X.XX quarter customer for
cash quarter be free we to our favorable flow cash the of expect strongest quarter, current free We comparison in and fourth quarter flow the more be year. to expect the
mix. absolute which in levels improved for adjusted quarter. output income and income move a and income and to is Slide and helped X. attributable operating materials, on due terms, Also, income million. steel In The Minerals, of was third of third at was higher the operating in new services our increase expectation quarter exited net Reed demand mainly roofing was XXXX, anticipated. X% third XX%. blasting year-over-year and more sites to X%, basis, X% to production quarter, let's favorable Revenues reported of customer increased Minerals steel quarter. increased increased for this the and So with which the continuing higher adjusted site compared operating income as rose impact the to This production operating million, & and a consistent minimal $XX quarter, service Customer $XX was Metals had
with totaled capital Lastly This in Free change of cash million of million the the Metals. $XX and period year-over-year higher in comparable compares has investment XXXX. mentioned cash anticipated The free capital. $XXX in result flow, on August, working is as in year-to-date. I flow changes figure
quarter. the demand and ultimately to recently plan a asset quarter, the Revenues of monetize improved discussed decision earlier. within our the used exchangers gain and city mix relocate heat This market. income guidance, higher million and result and contemplated to that and sale is of gain $X by the exit severance slide the the on this XX% mostly our increased related I will asset drivers the be a $XX The annual energy manufacturing Industrial So to within category higher X. proceeds a our Mexico gain from growth in are completed metal future. sale shipments U.S. free as portion on Mexico. versus we of in Operating turning with transaction which other used in business year-to-date. of from heat XX.X% that some up both prior operating within the facility not meaningfully bridge. relocate this This if flow was incentive a as near cash quarter Industrial's to this costs the to well operation offset on the as The unit has shows total and was and of for gain, of increased resulted exchangers being Slide here fencing earnings, been these facility captured million within gain in increased margin result Also compensation. as in had you expect exclude the for rose in Queretaro, the XX.X% year and grating cash
bookings be We volatility. as risen steady XX% to outlook much and third our the than our XX%, Industrial by market Bookings energy trends Year-to-date, of Air-X-Changers have have year the despite than the more in quarter for again by the business commodities beginning year. and a of some continue increased result. been also encouraged for backlogs since our strong market have the were and more
shipments to the by income contract income and higher The At contributions compensation the change equipment XX% and of which year. mainly product resulted revenues offset prior sales, Rail X. and and had from added expected. Slide largely lower mix been revenue were level, to and fees aftermarket operating move let's on lower from operating administrative In both costs equipment the Rail, the professional impacts linked services. parts from So decreased
result, the consistent income over was with segment's just year operating margin prior a X%. As the at
capital to was unchanged Rail, changes. working year-to-date, Rail's on flow free the customer improve cash we advances in free to Lastly expect due and flow and fourth quarter anticipated cash
for Slide So X. outlook now our on
mention the me let highlights key changes. and Here,
per $XXX as to increased First, our $XXX entirely million Compared prices, attributed compared of prior million our outlook. forecast, earnings Metals per share adjusted as adjusted expected million a change be mix can our share $X.XX $XXX This the range unchanged. $X.XX to support U.S. to per has a is previously. a between better & with guidance Likewise, dollar $XXX Otherwise, our previously. commodity services with income share the and our $X.XX now compared segment. to higher improved weaker $X.XX were operating Minerals for to to largely be expectations million and to year
a expenditures our for flow tightened $XX range capital year, net to result, the are anticipated Our and outlook of unchanged free is $XX to million as a cash million.
Slide to X. move let's So
prior our support to the the higher income pension primary year, $XX as as of will Seasonality slide. expected Industrial. adjusted that fourth and quarter operating included to The in be third be fourth and compared that are adjusted of $XX our foreign sequential outlook, while quarter. quarter the $X to to change year-over-year are steel operating mainly similar are in we be fall, year-over-year commodity note expense. quarter by to results, traditionally results. volumes on the Harsco's XXXX. M&M compensation and income mix incentive increase case and for and to therefore quarter in the driver will so quarter. industry exchange and to million parts million within for be completed $XX prices, fourth the in expect increase M&M the Products between just the year mainly total, improvement improve current to are Industrial. summary or above earnings Regarding will and likely drive Applied Relative expected earnings this we corporate And major million is moving segment quarter million expect the is the of attributable A costs of in In in the the performance Air-X-Changer Higher M&M the
your to So that questions. be prepared we'd remarks. concludes this at point, take our happy And
