update $X I'll by U.S. land increase. segment the modest quarter, a begin million most U.S. $XX in as to share million softening decline million from rig wells felt partially basins. a stronger a XX% softness in contribution quarter, in the the by to land was to being first everyone. of first in per Fluids drilled market offset the land the Mexico rig The reflecting operating reduction the and market $XX revenues improved morning count, U.S. In Systems in declines an the of number offshore Gulf with covering sequential consolidated in declined a revenues U.S. our outlook. results land reflecting of the good a and by specifics across X% sequentially on segment, Paul, for quarter from followed combination Thanks, a and near-term of the
quarter XX% Middle the timing back improving and in $XX of the first pulled discussed East February's contracts, million our sequentially million largest $XX international revenues reflected as Canada, in of operations to million call, the $X QX key we In revenues the seasonal declines. with uptick in to to quarter America, due the increase. activities Africa within on North first sequential Outside and the showing typical
million of year-over-year. a revenues on XX% our addition revenues in of $XX in decline based scheduling, most declined Gulf year-over-year Fluid our our related U.S. notably completion includes QX land region $XX the compared the increased our offset international the disruptions COVID revenues which experienced a also quarter, unanticipated million benefited This Mexico, expansion XXXX. Systems late X% On In into in reduction of million decline while fluids Italy. project anticipated $XX to to EMEA in basis, also growth have by from
footprint discussed the more right-size in a and land structure QX in our market. U.S. initiated our operational February plans we call, As to drive action variable cost on
recent accelerated actions. significantly the we've that face, impact expanded and industry of With and we the longer-term headwinds now COVID these
based we evaluating To our several of U.S. facilities on evolving of the the exited four date, closure we additional facilities outlook. and are longer-term have
infrastructure market to slowdown. centralized we addition, are to taking the support reduce In to adjust our actions U.S.
furloughs our compensation while by $XX in personnel annualized Overall, fluids expenses million. collectively employee reduced our and U.S. we've by benefits, workforce also reducing and XX% reductions approximately nearly year-to-date implementing
as in loss, actions the past charges of these first related majority inventory resulting were and $X costs a quarter. million in included $X.X Systems separation of employee yesterday's While million results of release million quarter an Fluid the within the our in operating month, $X EBITDA taken write-downs highlighted to first
Mats in revenues product the reflecting first largely sequentially million XX% Turning result. to record declined business. in following quarter pullback quarter, the the anticipated to fourth $XX segment the Total sales
$X in on quarter than more sales totaling sales the $XX of from customers uncertainty to impacted by anticipated the quarter. touched million first being addition QX negatively of in strong in million Paul in citing was delayed COVID-XX orders demand, resulting number by As the pullback product our in product a revenues
a with relatively exited rental expectations. as impact our quarter, COVID service and projects in Although modest total flat our experienced revenues line from rental we sequentially the remained first
our From perspective, segment of revenues a than $XX in in from derived roughly from was million of the that and Of basins mix markets, infrastructure was derived total the Northeast. markets. the other E&P of non-E&P XX% energy in generated the the revenues half gas-focused quarter more
revenues Comparing markets in first of a last million U.S. and a $XX revenue product E&P the along segment million, land declined $XX largely service decline to the rental million decline quarter sales. in reflecting with year, $X Mats
quarter product million first million operating compared as million income to and decline to of in of million. sales, the $X the $XX segment $XX $X declined sequential the income fourth resulting quarter Mats operating in EBITDA With
$X.X associated Total reductions. in sequential $X declined part expenses was with The corporate million compared the the first driven to quarter, to charges million decline in as quarter. million fourth workforce by lower sequentially $X.X office in
spending M&A quarter first in decline $XXX,XXX remaining as and to the activity. lower fourth quarter. expense $X.X in million due to severance includes personnel to As in The compared is the charges sequential reductions related
and change On a reflecting by with charge the costs. the expenses legal $X and prior office corporate retirement million million, a declined the spending professional lower basis, along year primarily policy in of personnel $X.X with impact year-over-year associated
as million and $XX The expense. last in charge year. and in SG&A decrease reflects in personnel in quarter severance first as to prior $X personnel as of primarily $XX The the as year, $XX million change the well policy the decline legal retirement million were quarter the well charges first and quarter the spending. fourth expense decreases sequential legal costs reflects lower spending in lower the compared largely and professional professional and for year-over-year million
value million quarter. of We purchased for $XX.X our $XX.X the convertible million notes par first during
costs write-off extinguishment required million However, a with debt. of associated on unamortized non-cash and resulting at the despite in $XXX,XXX $XXX,XXX to of $X.X debt purchasing discount the the loss discount issuance par, accounting notes, the notes rules a purchase
declined decline repurchases, fees in amortization million benefit reflects interest half of and first note in of which the quarter convertible non-cash $X.X discounts. the expense the roughly interest rates of the With facility and to
As the weighted of the the first borrowing X.X%. was of rate average approximately our debt end on quarter, cash facilities
income for geographic where U.S. reflects provision our a pretax loss expense million period. the quarter is losses, the first This tax composition tax was taxes in despite The pre-tax our on $XXX,XXX the benefit of the of the received impact higher than of result foreign earnings $XX from losses. reporting
per charges $X.XX of first press was share in of includes income release. quarter in compares which This $X.XX share per diluted last charges first quarter, loss quarter Net a of Our $X.XX share $X.XX yesterday's per highlighted net loss year. the fourth was per share $X.XX. in the net includes to of in the which as
significantly count on the date subject had of Gulf continue fortunately fluids, our turning rig headwinds land well market see U.S. remain decline any revenues to Canada. the which the sharp declines driven activity, to in outlook. near with In revenue as to more trended related seasonal have have and U.S. Mexico, expect the meaningful overall Now the our second COVID activities a we to by near-term April, land land term. we disruptions in operations. impact our In U.S. that decline meaningful expect to closely quarter we stable in In offshore a in not than as expect our U.S. will
North Looking outside America. of
been COVID-XX region. expect activities than of will land, project also causing EMEA activity from have stable global more limitations we impact staff personnel, logistical disruptions quarantines movements not particularly U.S. and our Although in our immune and restricted operations the remain with the delays, of of
project resilient of Africa with in the East impact Italy Europe COVID delays seeing impact. the The remains and and the while Middle most most activities significant showing are restrictions
second ongoing predict, While the our by are pandemic international the duration and $XX to health sequentially very quarter. difficult decline revenues million estimate the currently will magnitude least of at in we
few margin, terms and take the In actions in QX. take Further, a but recognize targeted the actions provide currently of will international markets a the to drive expect modest benefit quarters of are production we continuing it while operating aggressive U.S. necessary for we improvement line. products, to the cleaning business ramping bottom to only we cost we while will the up to line are
the the anticipate the receivables and second of the quarter as segment working million inventories It's business that loss net quarter. Fluids capital to consists $XXX in we segment highlight will majority increase with important end. Consequently, the carrying of Fluids invested roughly capital the of of in
proportional time, the over As which to business in a expect to provide net reductions markets, we impacted flows. drive cash we working capital in tailwind right-size
extent of remain restrictions. limited could logistical permits, factors governmental our Similarly, project to delays impact economy we expect the factors limited to customer recovery. we until the expect they product reopens. economic activity although segment, the mat customer rental has supply issuance as and and a short-term the point in that stable, remained the service see as confidence side, a COVID broader or projects some chain is In visibility work potential very sales our these on To fairly orders stoppage well customers, timing related dependent including of this remain at the variety on in until gain as the
projects typical the quoting to the and our to majority That product both economy expect Mats now sales. levered to remains improve said, we customer reopens. the markets, performance business for of with activity as robust, non-E&P-end more rental And segment
the level. expect QX Regarding will remain corporate million we expenses $X near office spending,
expense the US to see a from we international as to respect expense profits net the from modest likely tax with benefit will continue will operations we tax associated outweigh expect taxes, With losses.
which of cash cash ability previous the to investing by a the and consistent to course managing was our flow. quarter, capital. cash capital in all used Turning which provided net flow, $X activities to in adjust million decrease is first totaled with activities operating quarter working in $X million. quarter attributable net investments Substantially, demonstrates our Cash in
to pulling we market all the remainder will for continued XXXX reduce capital free have aggressively levers light spend expect the our total capital roughly we Paul flow cash generation. non-critical maintain eliminated we In which to changing $XX As of are conditions, of the mentioned, investments, million.
market anticipated strong US we $XXX the from working cash we expect business. capital, with softness, in generation Further, roughly particularly our of as net our Fluids reductions million right-size
$XX XX% and balance debt of cash XX%. of end Our and debt-to-capital a modest $XXX the of debt-to-capital balance ratio leverage of as with of ratio a a resulting of remains March total in net million total million
due remaining and outstanding the notes on Our our which facility, bank components include primary million $XX XXXX. million convertible US XXXX to $XX asset-based debt of December runs
currently million availability We of this $XX have on facility.
in this to Although debt. intended substantially international of outstanding coming $XX are actions of subsidiaries, our repatriated balance to executing reduce the plan million quarters, we the use hand resides all cash on our reduce we cash and our to in
our prepare We We to from to necessary available convertible US a the a XXXX for the and support hand, our convertible cash December our sufficient mature. existing on remains cash based are availability year to half and ongoing by asset anticipate notes, loan liquidity take than currently to provided of our continuing and operations actions facility our maturity provide more operations that away. which generated
need fund we liquidity capital noted noted of we've public As additional remains arise. it the markets. our access the sources be the maturity It past, in that intention should a also available, without to to should have need
European well estate additional US within alternative assets financing through operations create to as meaningful that used be liquidity can arrangements. as our have We or real secured
for Paul to over his back call the turn to like concluding I'd that, with remarks. And
