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historical Looking of market power touched and other less mix utilities for more XXXX, full XXXX the our at than with decline growth achieved solutions for activity revenue industrial year as transmission business, $XX industrial has contributing market our segment than shifted the offset end the XXXX strong E&P the the E&P million half while performance to market nearly revenue the from XX%. our the Matthew markets. year in full segment revenues, accounts Comparing on, has dramatically
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Following a cash The million borrowing bonds quarter in average despite income outstanding tax debt our loss. approximately on weighted maturity December, convertible of is rate our reporting fourth X%. pre-tax $X includes a expense
unable We and primarily tax our are the taxes recognize reflects tax benefits foreign currently on expense to earnings. the therefore income U.S. on losses
release. of quarter loss yesterday's which quarter were loss net loss of last charges net periods described per share year. quarter per in fourth $X.XX the as a and $X.XX reported All in impacted share, a press fourth Our to was the the third in share by $X.XX in per compares of
flow, surplus investments with which completed the the net other growth. sale million, in cash net both of being offset fourth associated elevated the the than the quarter, remained of of improvements million used impact increase million segments. the operations within used landscaping million timing cash capital and and Consolidated cash $XX fluids the with the including including across during by $XX $XX international largely impacted with quarter Investing in equipment. was proceeds quarter usage fourth our in of $XX more Mats December the cash U.S. activities large from by reflecting activities acquisition During the associated sales DSO’s quarter in of product business, projects revenue the receivables, driven in operating despite
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debt repayment million debt other on our the U.S. December outstanding convertible our of in with ended million is subsidiaries. foreign loan based the the $XX of With we $XX our facility which year majority of asset within held and
turning our outlook. to Now near term operational
term energy the look coverage are the longer term encouraged to T&D inflationary we our and strength significant supply In As chain we fundamentals sectors. continue of pressures, manage major although segment ahead, expand building, is the we and in near industrial particularly our opportunity pipeline for as the by improving Sector. across very the all we XXXX outlook the solutions challenges geographic
activities several Following the the up we've projects. in weeks, from year-end in large benefiting projects recent T&D and service customer seen rental low of ramp start-up scale
sequential the benefit We service now the term service rental our projects a expect revenues in driving likely and QX in levels underway, growth of high longer growth see single to we rental some mid-XXXX. digit in QX, with percentage to and since QX rate revenues range in and highest their expect similar
XXXX based amount is million sales the customer in on see by a XXXX. very and $XX purchases, sales encouraged timing there quarter-to-quarter product On fluctuations we the the product that record side, we are fair although of always the in achieved of opportunities in
any fluids sequential QX Overall, certain sales by reflecting in Conroe QX. QX. pull facility, will mid-XX’s is margins typical, exit the we then in industrial sliding on in associated investment. any to be With Prior expect years to in depending to improving positive upper we by look charges. our dynamics following anticipate range pricing we of roughly to return actions, the impacted remain a pace QX. to revenues XX% in global timing two QX market of profitability timing segment remain strengthening profitable under in the In we As expenses, which consideration high-XX’s industry mid the combined and anticipate the teens the product segment QX, the our wind to at further of consideration down to year this with of will strength, the impairments encouraged of seasonal with year the a returning of in following the impact we back expect the of activity, then related end from shipments customer we of systems, cost in to restructuring quarter, are the as XXXX prior of fourth blending fluid business
we to XXXX, QX offset as For line somewhat the modest in back drivers of strongest where revenue see to achieve market Total revenue we the expect revenue expect quarterly Europe segment, since of in The well expected by Africa. typical return anticipated revenues for and continuing pre-COVID revenue QX, to with improving growth as with in include Canada, a more range million the upper-$XX international are the rig. being to the North per strength growth activity primary levels. benefits
and the revenues to in digits. cost single in margin in the remain improvements segment we operating though expect modest ongoing the recovery actions, expected With continued is fluids income operating low
segment this in largely start-up Canada of by as the projects the EMEA we up strengthening of beyond the the will as well fluids be offset in positive in income region, by be impacted several spring new the which territory. expect U.S. should QX, break keep benefits Looking although the impact activity, market will QX,
expenses compensation and expected First normalize. office with are back QX incentive the revert costs to legal associated to expense similar to quarter is professional as expected levels corporate and to
million from a Also interest December QX, convertible expense expected the the interest benefiting that of corporate Looking in run step with we slightly it's with more worth term. our settlement bonds, CEO further quarter anticipate expect office in noting our we change succession. QX, meaningful of in $X the will than completion the near to expense, beyond reduce net per
near recent earnings. with term in expected foreign to is income taxes fairly line on Regarding expense, remain quarters, the reflecting largely tax
revenue our our anticipate we expenditures XXXX, for as the to will while as fleet investments continue fairly opportunities CapEx, industrial expand we T&D expected in range to limited penetration. For million $XX light we solutions remain in support driven the Mat in business Capital are to expect heavily we to model. expenditure industrial remain capital gross million dependent level upon likely $XX and the rental drive the market fluids
with to in free benefiting first term quarter flow, expect likely receivables. reductions of modestly cash we near maintain concluding contribution I'd intend environment. call his from In Paul the positive the remarks. the in in now additional turn as supply the term over in stock And terms the grow for Inventories expected will buffer to near like that, with chain to we uncertain
