of quarter, the by near-term outlook. consolidated on covering our update Thanks, and for an followed Paul and good the I'll the by morning, operating results segment everyone. specifics begin
land $XXX XX% reflecting XX% most across in count Systems of the softness rig sequentially a basins. revenues XX% fourth generated XX% a decrease Revenues The declined million, million to Fluids segment sequential reduction U.S. compares and the in the quarter to decrease. XXXX, which for $XX an of total with felt U.S. year-over-year
results fourth at down activity impacted combined downtime to environment pricing quarter our a in rate competitive which the impacted certain those market, an remained in lower Further share. through holidays. a extended general, our rig decline increasingly reflected broader our of than that market the by addition In part per market with active, also in notable higher for customers negatively rigs revenue customers laid
primarily a as in count in to year-over-year million compares The in U.S. slightly where which XXXX, land the lower over same XXXX, land count $XX was declined million XX%, market QX Mexico, Gulf period. share. On revenues revenues reduction average rig by quarter. million or a the basis, the offset XX% declined $XX reflecting improved decline rig a $X million $XX fourth deepwater well from improvement to of lower as sequential U.S. U.S. XX% revenues for from
stimulation the although Paul to partially offset by year-over-year. a of in which our chemical on, this As share a revenue touched minor the contribution Mexico, U.S. market, in our revenues results. market first land provided land QX expanding The softness deepwater only we've increase provided in was seen million U.S. Gulf $XX
due on a In the year-over-year pronounced exhaustion market sequential budget declined driven to count $X XX% improved through our by to declined leading to XX% a Canada revenues key extended season. modestly Canada, the basis, revenues downtime compared count, a although primarily to customers exhaustion holiday budget with On in rig million rig basis, reduction from active several XX% by customers.
Despite region. Australia, contract on, EMEA a countries robust improvements in market several reflecting international the touched America, are North to quarter, in improved completion Paul $XX much fourth fairly million fluids offshore seeing in the more we the across sequential a increase, environment. the of Outside of Woodside revenues total XX% broad-based as
our With fourth regional it's the noting shift EMEA activity fluids XX% quarter revenues. the in that contributed levels, of worth region
basis, and offset declined which region. increase an On and offshore contracts associated Australia, in in largely from by by the year-over-year $XX a $XX international million Brazil our decline revenues other EMEA regions million includes Algeria, transitions contract from with IOC X%, NOC a
dramatic the discussed more the markets November actions on certain volatility, to a of operational activity drive our in U.S. our cost footprint expectation and As and taken variable slowdown in structure. call we've continued rightsize with
goodwill yesterday's the fourth these impairments in charges actions with quarter. $XX in of in highlighted other release, charges As resulted million along to and
Fluids quarter softer charges, cost well the in structure our to a impacted align natural conditions. quarter, was as by reductions, operating sales these in lag a modest weaker market the generated for as the match Adjusting in we mix as part fourth the segment the loss which within
to by in offset million $XX exceptionally quarter, representing Turning fourth a $XX business. sales, sales partially the quarterly service decline rental X% which came a fourth a the Mats Total revenues, improved million activity at to $XX million. which improvement an was record segment of in quarter. million $XX for came at sequential by in $X increase in strong the driven product in in revenues million product The and
relatively in remained and softness The in segment with XX% from sales. activity, our declined XXXX, of customer stable. fourth to $X Mats in while rental partially markets sequential quarter record a primarily revenues $XX a E&P Comparing reflects by million million improvement product decrease offset the XX% non-E&P services, decline
service the and weakness Substantially, activity, stable. all year-over-year of relatively E&P revenues from decline have non-E&P was markets the while in attributable rental market to remained
XX% As total fourth quarter of segment derived were Paul revenues outside E&P. our touched on, Mats of
segment or full-year total from XX% XXXX, product $XX $XXX service and for $XX Mats million the non-E&P sales. markets our revenues, For and rental accounted of of million end million including
year. the in the quarter fourth strong in in quarter third of of Mats the margin for were to quarter improved million compares sequentially compared Benefiting office XX% segment quarter, the for Total $X.X to corporate to million the and the fourth operating fourth sales quarter fourth the last $X.X $X year. from last expenses million the activity, quarter XX% XX% and third product in which
activity of is related by result XXXX while strategic M&A includes sequential quarter spending Fourth is attributable primarily and lower the for planning decline matters, on the charges. to in decline legal severance to a driven spending this, incentives. $X.X Adjusting basis, performance-based lower largely year-over-year million
the for million, XXXX Turning the $XXX costs were XX% decline to to million $XX million results, SG&A primarily quarter year-over-year prior The in fourth compared quarter quarter, while in from lower increase in of XXXX. performance-based X% year. fourth quarter revenues reflects $XX primarily were incentives $XX quarter, year-over-year. consolidated the and sequential and decrease fourth quarter a our reflects severance decline fourth charges, last representing the third the million the
non-deductible during goodwill $X.X pre-tax U.S. of loss pre-tax the period. higher $XX.X foreign $XX impact provision The reporting impairment recorded quarter is was of received income a along on impact million with our than despite expense on the the in losses million of the taxes reflects This composition benefit the geographic tax where tax result fourth million, the for the the quarter losses. fourth earnings our of
income impact was This release. of press $X.XX $X.XX and compares impairments net loss net share in the Our of the of fourth $X.XX third last for share the a reflecting in diluted other year. to fourth per $X.XX quarter loss yesterday's in per highlighted share, quarter the of quarter per the charges and net
flow, Turning of was which to investing all decrease $X net operating cash million Cleansorb fourth cash provided quarter, activities $XX call. used a operations $XX the million million, of the with by discussed from million on quarter million activities in acquisition in $XX working along $XX last Cash capital. substantially reflected totaled in included cash which quarter's
The fourth and to our course investments. our demonstrated adjust ability results managing quarter net capital
primarily to $X in generation softening of response in capital $XX were million CapEx, used able in reducing cash market, reduction free investment only million, the rental fleet, our in the million. cash example, of from debt. the Financing to net net quarter of we net pace $X a activities flow sale E&P increase of and while of reflecting Mats the For resulting
operating Turning utilized $XX million capital XXXX $XX million, for million working provided net cash, $XX activities cash in of flow, to including investments the acquisition. Investing $XX capital. Cleansorb included $XX million reduction a and our activities which full-year net million
million, million activities Financing of $XX an in utilized and including share debt. repurchases net reduction million $XX $X
and Our total a XX% $XX of of debt a a of resulting with and year-end, a XX%. in balance balance of leverage total debt debt-to-capital million to as net million remained $XXX of modest ratio ratio cash capital
XXXX on million and include December facility. outstanding on bank Our million $XX our $XXX primary notes convertible due components asset-based debt
the without from primarily XXXX to maturity note to to to free Although, generation we in maturity, public position to utilize us facility balance, we helping capital away plan XXXX our cash flow access convertible bank still nearly are need a two reduce markets. fund years our the
lower overarching expecting Now in theme not revenues our E&P U.S. improvement has although Consequently, an capital rig levels land customers. U.S. discipline to Fluids, expecting weeks, the market modestly of expected are in likely near-term be offset as recent outlook. activity. consistent remain deepwater relatively to fourth we activity as the improvement also with land will in turning In U.S. we significant near-term most stabilized a our for are by quarter remains
have as early of In currently a to that Canada, scheduled QX worth begin IOC, pace see expect improvement we in consistent project a the to it's with we we with the noting should which second are typical deepwater last Also, year. we QX. seasonal tracking
of Internationally, will a activity showing more a revenues pull while third timing general with our drilling multi-quarter quarter fourth strong pause we Albania, activities is the in in the including the a to in within following level customer quarter, based key on contracts, back anticipate line operations with strengthening results. Shell
the In anticipate to of month-over-month take meaningful drive base, bottom quarter. near optimization Fluids the to improvements cost cost Consequently, U.S. our are margin, steady operating quarters terms it although will segment breakeven our in in a improvement will line. remain delivering first we efforts the few
which pullback and a improvement from be record in levels revenues. QX, service segment, Mats in to the we offset partially the sales by achieved rental expect should product In modest
persistently activity, the geographic our infrastructure greater over to the continue market gas time, presence. to E&P expect low stability provide continue natural we Although impact to prices expand our as energy we customer
is million by project back rental well conditions, be pull product level. currently dates, of as start to it $XX can revenues timing both QX to weather we the impacted always of the as roughly the a challenging sales, While total to expect timing bit predict, which
necessary Further, the expect markets, stable, mid-to-high commercial QX accelerate the a investments likely profitability operations our are with non-E&P near-term pulling our geographic our with revenues in decrease growth end the in our established and to remain see margins in although relatively into to back we expansion infrastructure increasing and of headwind expected to teens.
office corporate million will expect to we be $X range. $X spending, Regarding expenses QX in the million
a the will Regarding while cash land, in strategy flow, we navigate approach taking more U.S. in which detail, challenging actions carefully to to appropriate cover environment of Paul capital bifurcated requires are execution our balancing as deployment. the
size In assets from and our Mats, rental which level to and will will we based levels continue on both our rental of opportunities, impact adjust fleet near-term investment capital sale utilization our of the our the fleet.
Fluids, NOC investments. expenditures investments In Overall, IOC will and XXXX limited. remain we remain until expect into land we see required catalysts below the North necessitate investments to market revenue capital continuing fund levels, growth, support American are very will although, to additional driven we that our
generation provide free seen to like of I'd market in to historically, driven working highlight we've reductions by that Further, capital. periods tailwind as softness a cash flow
near-term. the weakness currently U.S. with we tax in remain continued significantly expect our taxes, will Regarding operations, rate elevated in the
And to concluding with call over like to I would the that, his for remarks. back Paul turn
