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the in segment quarter, Total revenues to by third rental increased services improvements X% Turning sequentially and driven as business. as $XX million the in to product sales. well Mats
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in more segment operating the Mats third essentially operation The $X over million breakeven, spot particular been sequentially EBITDA Our XXXX. bright than U.K. income year-over-year, has XX% to quarter. delivering a of in declined revenues generating growth $X million
operating The hurricane our results resources mix elevated to by quarter third to and to respond service in the fixed rental the manufacturing work. revenues, facility along with and our and unabsorbed of mobilize were impacted costs cost assets
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progress our meaningful efforts. reduction As Paul made in discussed, debt we
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quarter loss Our and third net of which highlighted quarter $X.XX per of yesterday's a year. share share, $X.XX quarter, includes included loss net charges, loss compares second $X.XX the as release. third in charges, last which was per a press share the the net This of $X.XX per in $X.XX to in of of in
by of provided monetization receivables, benefited had the activities The both utility in including minimal cash noting continued into the our working model. U.S. a quarter, business sector. was end-market activities, working reduction the expenditures in of a particularly a capital impact from inventories operating third that in the illustrating the worth million fleet demand net included $XX the It's $XX strong capital For majority quarter, our Investing deployment again million, capital. which the in rental reduction activities industrial the the support to mats support of from flexibility of capital-light increased our and
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balance declined $XXX the total resulting debt-to-capital the a in debt our ratio cash With million XX% quarter million, third the ratio $XX and at benefit of net our repayment, of total ended of XX%. the balance while debt to debt-to-capital
debt Our cash $XX million million components of international of U.S. of runs on resides year hand $XX of $XX asset-based facility, on convertible our due which primary remaining subsidiaries. to include XXXX. million our the in all our Substantially December next bank and notes outstanding
with land, coming to end anticipated meaningful in we of improve, continuing in our October we In change markets outlook. roughly In revenues near-term expect in gradually activity to ahead Mexico, continuing QX a Fluids, improvement hurricane North quarter is we're revenues largest see to levels. land the an season American to with rate. seeing roughly turning operating improvements will within Now coming fourth The results. to run expect the where customer of X% Gulf U.S. QX QX return and
market the seasonally improved in We levels QX. also expect overall the rebound as Canada will activity stronger
addition, from production. double revenues will of In expect a benefiting full QX we quarter our levels, cleaning roughly products
spending rationalization the a business return the generation into quarter, see reconfirm quarter positive U.S. Europe we of from hitting as East in uptick wave to QX, our past in Africa effective demand our an in be determine double-digit perspective, in product can From Mats ongoing segment, business. the extent fourth monetizing capital Fluids operating for sales the and QX XXXX. revenues with product Combining anticipate chemical the margin Looking the utility North quarter the impact in always quarter. margin we parts the near strongest sales, cash East. whether sets QX. QX demand drive relatively should will outside the breakeven regards the it's is the remain QX several of second visibility QX Corporate year office benefit With COVID Mats of of the business the the in in RNS Africa, of level cost America, and working perspective, In to efforts, for the with remainder rate we in activity, predict, to sale expect to sales revenues, fourth a From the the hurricane-driven product revenue a the the will targeting the the the QX in solid sight start continued will likely progress the ahead with sector expect we with quarters close QX of the customer sale roughly Europe, of activity. we line mats made currently return stronger of to year increased in tax XXXX to receivables of North likely timing strength to from rental will combined Mats have flows, largely several will the this although that foreseeable planning margin rate. first for cash year-to-date XX% year-end a Eastern the capital cash capital-light the the service bidding deployments and More North EBITDA improve over on of expect expect working diversification up expectation, to doubling U.K. over a industrial for year-end the coming we remain the to along we plans. demand stimulation have result. X working publicly of take provide $XXX activity Middle as with roughly to remaining Middle our a levels, continue the U.S. pickup generation from Meanwhile, and benefiting and additional currently customer revenues worth flow international end-market of capital a well clear should capital quarters large line investments fourth increase optimize, with well challenge historical remain levels, and with of Further, of expect further noting quarter EBITDA is depending reductions and for an customer our ongoing EBITDA efforts tailwind we Consequently, and reflective generation. in business, although opportunities we capital and books. to potentially global the to million specifically, so that excess to capital provide the in return the believe their net companies limited on model, inventories see above quarters. utility their commitments Inventories by future, to to to to in net
maturity X year. cash focus flow As illustrated quarters, maintain by at million with end the next our past $XX to actions the remaining we note prudent particular are a steps on of over the taking positive convertible
maturity. note cash that our liquidity our U.S. our generated satisfy sufficient facility support ongoing loan available asset-based operations our the under from will cash capacity to provide hand, expect and convertible on We and operations
to without in public we've accessing noted the markets. capital our maturity the remains As past, intention fund it
to liquidity our capital we our management, structure additional further of evaluating As sources enhance are structure. capital available part of
It's the required as noting from then our the falling noncompliance. worth NYSE's real NYSE that be $X below we to a through recently average can our this cure with notification rules, meaningful release will estate the XX-day liquidity receive X or to U.S. noncompliance. create secured be to requirement, used Per we that we the as regarding Specifically, listing assets have months press and well arrangements. European to maintain financing additional expect within alternative operations NYSE issue price share also
our various driving reshape NYSE the that, cash on to While continue we primary like the evaluate options compliance for his with free remains improvements available generation Paul to the to intend And requirement, to turn and over as focus that we consistent company. regain flow are the to I'd operational call remarks. back concluding with
