the and good begin consolidated morning, everyone. on segment followed the and by outlook. quarter the by an near-term specifics for I'll David, Thanks, operating update results covering our of
The of which sequentially year-over-year $XXX XX% decrease. rig Revenues reflecting to decrease revenues million segment reduction for sequential the count. U.S. generated in million, in XXXX, compares a and quarter third the declined total XX% to X% a of XX% $XX Systems Fluids a U.S.
touched on, basins the West the only being felt As across exception. was with Paul Texas most softness
top approach to to softer line was performance competitive relative While we've activity levels certain increasingly our disciplined regions. reflective maintained the of conditions in pricing,
the projects deepwater $X the market Mexico despite In Gulf sequentially. timing due quarters, declined revenues expansion, addition, share in of our within large-scale million of continued to these the
closely QX $X from have the over to a of same the in market reduction year-over-year rig count. a count which Gulf activity fairly is the levels outperformance compared compares to of basis, favorably to while The in tracked average the market rig revenues land U.S. modest XXXX, revenues X% increase million On period. Mexico, to primarily declined XX% attributable
typical market seasonal the although to years, out Canada, In of in XXXX Canada the revenues recent continued levels improved below well coming XX% in Revenues breakup. followed remain activity trend spring in XX%, $X which Canada to rig XX% line sequentially XX% count. the by rig in a in sequential compares million, count. a with increase reduction declined to year-over-year revenues On basis,
in quarter Outside $XX our U.S. were partially quarter, driven the of land, offset transition X% revenues America, which in has third in than contract Romania, stable transition was drilling customer Algeria Fluids international in new third primarily million although by by rate. decline, under Kuwait. which sequential the of remain an by contract activity negatively the the activity timing impacted run contract markets in more levels and the ramp-up Total new the North reached key much reflects now contract Algeria, the in project
On a Brazil year-over-year and declined revenues regions contract the transitions largely from international XX%, basis, by in Algeria. our reflecting
the cost softer in margin U.S. segment back was we by the impacted markets, as third half structure in certain conditions. natural of With during the operating adjustments Fluids the slowdown our particularly quarter, market on align lag match the operating activity to the
a revenue compared X% the with in elevated third of in the for X% causing to decline result, quarter, X% the was in and the the margin operating a last associated to the quarter second year. quarter decremental third decline As margin quarter for
the total $X business, quarter, particularly to The was to the Turning for Texas of third $XX million an in sequential by in to mat the segment increase $XX at million region came and Northeast for activity. service improvement million reduction million declined reflecting Mats the representing revenues direct $X E&P and West third completion Mat quarter. in activity, a sequential million customer softening X% continued gas-focused the sales, rental by third which improvement XX% the an year-over-year. $XX and quarter, improved driven in revenues
by and third mat Rental a last revenues direct decrease year, the activity. T&D notably sequentially, in includes in offset our the E&P while million X% in modest declined XX% segment from and $X improvement energy the from expansion rental infrastructure million. by somewhat sector, sales quarter $X service markets revenues most a decline in ongoing improved Comparing of utility service, to
decline service is Year-to-date, business markets non-E&P markets, a non-E&P million, the markets and as year-over-year the side, growth. service a rental is in On reflects from XX% the infrastructure. U.S. comparison rental energy represents year-over-year by partially from notably which approximately offset and revenues total increase XX% the roughly in transition continued E&P most $XX XX% our
elevated the revenues, The the third Mats XX% to operating segment margin for and quarter for year. Despite the sequential was quarter for improvement last shift the compared impacted quarter second as XX% was third timing in the XX% operating projects margin customer as costs level on segment's in pass-through third of negatively the well of service quarter of a by expenses. mix and certain
Turning of decline were million to the SG&A were our quarter year-over-year. second $XX third XXXX $XX revenues in a the XX% a consolidated compared and results, the prior $XXX third costs in in million, quarter the third representing from and to decline million last million quarter year. X% quarter $XX quarter
to in The expenses quarter quarter last the elevated corporate both office performance planning quarter offset sequential $XX.X Corporate in strategic associated project with third $X.X million SG&A in acquisition. costs decrease the third of our second and Cleansorb based the office were lower by year. million partially incentives, and in the is and million with lower primarily compared spending associated to $XX.X attributable
higher a year-over-year acquisition offset Counsel, performance reduction corporate is to our expense a On retirement to planning and based largely charge former year SG&A of by the primarily lower General was related office in strategic basis, incentive expense costs. prior while the attributable and
third the Interest previous and $X.X quarter, in quarter million modestly from relatively last $X.X with year. expense down quarter third of the the was for in million line
cash bonds. our expense which includes non-cash $X expense, along convertible of million interest, quarter $X.X relates primarily of third with The to interest million
primarily tax significantly quarter including the income. a in taxes a our anticipated reflecting million, decline projected third in impact total the increase of million the our increased $X year charge, an which to in was pre-tax $X.X full projected for rate, of XXXX relative U.S. income provision The result earnings as
quarter XX% Consequently, the in significantly elevated XXXX. the rate of and from the tax quarter in third rate third XX% quarter tax prior the effective of is
impact quarter in for share share, year. diluted net With of last of taxes, was per which quarter income third share $X.XX second third higher per in the quarter net to diluted of loss the $X.XX the compares $X.XX and the per the
generation Turning $X results came free in continued reflect to a for cash cash flow, quarter million of which the quarter. third at the flow, positive
includes quarter activities million the quarter, totaled Third in of decrease deployed $XX which in cash by which was million used from capital. with $X provided financing $XX was in business, cash million. of million, majority along while operations, net was used million investing $XX operating activities activities cash in the Mats working into the $X Cash
$XXX a total total the million of and balance of debt-to-capital of resulting and quarter, balance as net ratio Our debt end with debt-to-capital million XX%. cash and of the in modest XX% ratio of of third leverage a $XX remains a a
to we we near-term targeted strength on rig quarter. with growth Gulf the see expanding revenues the up note, expect third presence our turning fluids, completion Now markets. Fluids, outlook, and our deepwater in in in positive continue the Mexico of to our Most fourth improve Shell starting in notably, to our
our the expect Australia. modest which and with expected to region, the than down from as in more also are EMEA wind We in of Shell benefiting increasing as Cleansorb project strengthening offshore Woodside the activity well offset ENI acquisition,
decline in QX we before an range. activities single-digit anticipate they Overall, reset U.S. the QX the be However, we indicates that results messaging XX% customer progress, overshadowed margin more by revenues with a weakness rig near-term and in QX their stand this we operating land expect will lower from roughly should counts slow anticipate the average, levels currently pronounced in despite year-end will where January. the down below XX%
Mexico, Fluids, unexpected improved under in continued the penetration the ramp-up in QX, U.S. continued and stability of and international see improvements activity several strengthening an in contracts in of including modest in improvement the we Canada Gulf land, markets. seasonal beyond Looking for catalysts
stimulation annual believe tenders also an opportunities additional for operators as We XXXX basis. sales provides award chemical U.S. on many
penetration the Direct segment, expected result strong near will service in Mats sales expect weakness as year. revenues, also to see providing while focused well the we the market of third demand rental typically as our a headwind Northeast end stronger quarter to completions the will ongoing energy mats remain we activity stable. following markets and In continue infrastructure applications the each in West stable remain as gas of relatively is Texas near-term our
challenging the predict, while mid-XXs always QX dates operating expect revenues to direct margin into low So a an bit the is currently pull total low we segment the project timing to and start of sales to range, back in XXs range. generating
Regarding corporate million office behind us, return $X spending, to now expense cost the and range. acquisition we planning strategic $X effort expect QX million with the to Cleansorb will the
a Regarding we more actions bifurcated our fund U.S. we investments to growth, are continuing infrastructure side, investments into navigate with our calls market initiatives, rental which strategic the the carefully of the taking along energy one on international to to deployment. Meanwhile, On support environment investments to execution capital mats minimal. which ongoing are support cash appropriate in market. will remain view strategy fluids offshore for while the in market the balancing expansion required include our primarily flow, and challenging U.S. land land,
decline of as historically, from balance. funded highlight to continuing tailwind somewhat softness following the market the maintain cash although to flow total serving noting we that as near impact Overall, to excess investments debt on our by foreign our substantially that I'd offset working we expect our like driven quarter, million to will repatriate in the a periods the year Cleansorb cash subsidiaries, Further, reductions it's to seen end of of acquisition provide free in million. we've generation, acquisition's capital. our we're $XX term And $XX we expectation full capital the worth
Regarding currently significantly continued remain weakness in tax of the taxes, elevated U.S. with for expect we remainder operations, our the will rate XXXX.
the And remarks. to with Paul to for call his that, turn over like I'd concluding back
