Thanks, everybody. good and morning, Nick,
and expense. XX.X% financial with So five the summary $XX slide our quarter. to of for million, operating translates third let's on was $XXX consolidated the amortization quarter start Harsco's margin in a excluding adjusted acquisition income revenues million. of This
as adjusted the of QX of with favorably operating million compares provided results our $XX previously operations. Also, the quarter, figure in Industrial for range $XX income which we prior to earnings $XX million accounted XXXX operating segment discontinued our now within guidance million. were excludes This
quarter. quarter We services few market prices performance, which third demand commodity our customers by in foreign steel output, quarter. dollars pressures beginning pleased negatively in or of given this are a million with the Environmental, expectations throughout exchange impacted results the the at the Harsco versus intensified and external our our Lower on the
to business on difficult However, improved Environmental. this and despite operating conditions. the in these adjusted in XX% reflects It grew. our segment's positively manage the and years our through income recent ability within illustrates improvements for business exceeded started Environmental the make results to we quarter. margin year-on-year the investments outcome made we challenges, growth also fundamental This
our Rail lower adjusted year-on-year. consistent our Earth expectations. very earnings Rail's Clean strong and both quarters had Meanwhile, segments were with that were
discussed for as segment comparison will record we've comparison, Now, XXXX and QX in the reverse the is of challenge before, against current quarter a in this quarter. this
Harsco for high. optimism Our Rail remains very
per increased operating Harsco's than Clean income and consolidated grew revenues $X.XX Earth the share. operations more significant XXXX guidance to also adjusted than $X.XX per with a outcome its share prior quarter. basis, was $X.XX QX. earnings more growth of from puts showed its compared XX% quarter. in with year-on-year adjusted And $X.XX continuing year range compared this Clean within XXX% Earth's On our us in
integration per netted in included amount the improvement other Harsco and to acquisition-related costs and items share a expenses productivity adjustments including, additional Earth $X.XX to quarter. complete items quarter very our in the and costs and Rail. Unusual site in exit Other initiatives primarily unusual totaled small Clean
to QX, consistent materially the in which our as was was Next, our of expectations. with cash expected our In million is QX, free traditionally free current the case is be flow quarter. $X fourth quarter flow our cash better in
on moving capital slides, structure segment share me let on activity. our our buyback comment before and to Lastly,
Given is understandable business it quarter sold on QX there Air-X-Changers that results. our the after that July some about close, we second X, our confusion the following was day our structure capital
of QX, our Our QX $XXX X.X and XX at ratio approximated times. balance fact $XXX our the net net sheet At the of leverage in beginning million. debt over was million the situation. at and was September clarifies end Liquidity QX,
strong. see can you flexibility as financial our capital very our well As as remains structure
At QX under in current authorization the we balance position X.X continued the repurchase approximately that reflects the The our QX, of at of quarter. of per million stock $XX our $XX $XX cost an we've end repurchased shares since remaining and to was end sheet shares million share. of Harsco million also buyback average for
the million and please foreign of over adjusted margin $XX X just our versus essentially $XX unchanged Meanwhile, after adjusted revenues totaled in an XX%. exchange quarter period representing was Now prior our million, in QX segment. impacts. year third slide Environmental with Segment turn increase XXXX X% were the to operating compared operating and translation income
exits. higher from steel as is A rate high a that SG&A can of lower moving and bridge as number of foreign new output exchange prices imagine. sites, changes commodity and impacts in lower quarter site mix applied services and product contributions improved offset parts There the expenses, were as summary you level our the well
our the continue Given as conditions. the forward results the we given managing actions move challenging focus ongoing these on to cost quarter, helps macroeconomic and These factors, our will actively market rigorously actions we structure. been we've stabilize and in
Steel the of output, third compared quarter X% with continuing sites, customer our declined XXXX. at approximately
result, early Also we've utilization lower lowest customer the were as experienced year-on-year. facility at Nick As prices since mills a commodity rates our were mentioned, XXXX.
Environmental exceeded the achievement our facing our trends, customers. QX XXXX and results in Despite positive margin XX%. a as improved operating Environmental our versus we these Clearly, our in major given challenges view adjusted profitability
to turn Earth. please and Clean Next slide X
XXXX and is hazardous in also with start. Earth trends Clean our a grew mentioned and as late Revenues you materials, As Processing know, business completed these earlier. increased I were well. boosted pricing and for in contaminated this to as comparisons. XX% quarter great both these doubled, off favorable and lines strongly it's Acquisitions profitability volumes first
adjusted the operating The quarter was segments. the best margin segment's three XX%, of nearly our in
executed the Clean quarter. Earth Our team management in well
are functional of complete we successful the and has of rate business end synergies achieve been integration and the XXXX. Our largely and on pace by to is run targeted
Now another XX%. reached Rail business. had and to slide turn please million, strong margin regarding segment quarter. $XX exceeded operating Revenues Rail's The X our adjusted
and an comp. XXXX QX was mentioned, tough strong I unusually As quarter therefore a
mix of these product profitability and The favorable in offset manufacturing partially lower was parts were year-on-year a change by and equipment costs. lower shipments by and driven less factors
a results, the Beyond developments financial there QX. in were other positive Rail number during of
South manufacturing Our initiative American largely our our consolidate footprint to Carolina complete. is facility North into
next-generation technology, under time, other order large our experienced a which announced. and significant in we particular, We quarter the has are which recently launched our tamper a some as development been And backlog. Germany, in In we well. there we nice won growth in wins for
million. As $XXX our importantly, backlog nearly visibility a as us with Rail result, XX%. this And up XXXX. backlog to backlog begin provides increased we think Rail is about quarter-on-quarter tremendous to XX% Year-on-year
Next, X. discuss on slide the year me outlook let for our
the range. full midpoint Our guidance earnings increase will and latest our operating expectation our XXXX will at adjusted is mid-single revenues digits nearly grow of our year XX% that,
As prior of XXXX. results for a first this half the outlook reminder, includes segment our of Industrial the
operating the year, be anticipated now million of a income within $XXX to For adjusted $XXX to million. is range
the guidance as context than modestly current three all this for lower sluggish industrial of but steel we the of is global in our our prior outlook midpoint economy, markets The the view and reflect operating positive of guidance of flow, incorporates in higher figures the And case the income. our to growth-related on are businesses. in our updated slightly range new remaining free capital slide spending. cash The change the midpoint,
slide in is the deck. expectations for our each segments appendix included of the Our of
administrative $XX spending businesses. in each from Let range million. to and XX growth with me mainly services offset site Harsco be points is strong by our foreign will new which by three year-on-year to exchange QX driven acquisition-related expected quarter exits. before million of amortization lower slide site and adjusted lower $XX partially growth demand, Environmental's benefits fourth operating income conclude our guidance, to on
parts within favorable and its and performance year-on-year anticipated more Protran higher and volume also equipment, dredged as for materials Prior is Clean is year And a benefit Improved of growth acquisitions help strong mix product results and result will technology comparisons. of volumes business. expected for better Earth to contaminated Rail from lines products.
I'll back questions. concludes open our line the prepared the turn to call operator that now remarks, for So and the to
