good by Thanks, quarter, our remarks with third the Matthew. And update results outlook second of level an followed begin a for business summary the and consolidated everyone. entering on morning, my I’ll the segment our for near-term quarter.
region service line another business May, record expansion, quarter second momentum in continued in were continued Our positive growth, revenue rental generally quarter margin cash EMEA our revenue quarter business. Fluids for results call flow on our by shared and Industrial the first with and Solutions highlighted solid generation, our within of expectations the
$XX the with quarter, the service Growth was infrastructure within and revenues utility our markets improvement. representing quarter, were XX% year-over-year Solutions in and and which million remain continued revenues million core for healthy. organic revenues growth segment Industrial Rental second the in rental $XX a second revenue segment revenue. reflects service rental of XX% service
sales half back for XX% strong fluctuations product supported Product quarterly the XXXX though sales demand in on timing, million are pulled to activity up based utility first the $X order second quarter sector. typical year-over-year, from by
Improved adjusted including discipline, strong manufacturing volumes a second in XXX remained by basis year-over-year segment reflects with Solutions utilization. price rental improvement. and quarter improved margin segment and fleet higher-margin the Industrial reflected profitability in margin XX.X%, realization growth EBITDA cost continued as leverage, along the of strong point segment operating
a of Segment $XXX million versus year prior to EBITDA of revenue in adjusted decline the X.X% generated quarter, XXX segment second Systems X% Fluids quarter. margin basis the in the The improved second representing points period.
margin. with charges associated the the exit As million markets Matthew second quarter offshore $X touched primarily GAAP chemicals, of on, operating the in Fluids and stimulation segment impacted incurred of which
quarter, the as reduced ongoing the as employed we receivables, by impairments. effect the Systems or $XX Fluid and of excess inventories in reflecting of the the well million net During second business capital our PP&E X%, asset monetization
growth, Fluids delivered $XX benefiting International and reflecting most Our customer a sequential revenues across second activity XX% million of of from the in Hemisphere. strong XX% improvement operations Eastern the quarter, year-over-year
in the spring declined in effects the line wildfires quarter, sequentially in to Revenues and seasonal the on million overall the the of X% relatively expectations Canadian the XX% activity, market. breakup and market as effects of with second reflecting well as Canada year-over-year $XX
reflecting focus U.S. our land as lower we share sequentially XX% lower $XX activity declined discipline. XX% year-over-year million, to pricing maintain market market on revenues and and
end XX% of roughly the little quarter, consisting over second million Fluids net capital, the which has segment’s net receivables, the a of business employed. of represents working and the $XXX of primarily As capital of inventory
call reflecting as strategic SG&A on well primarily expenses restructuring May our increased both discussed with and a overhead year-over-year the efforts costs as a second our on quarter activities. planning our basis, sequential associated
including corporate the as quarter Second corporate million and office costs $X in of $X.X quarter these SG&A of of items, well costs expense. two consideration After as of expense SG&A second severance million, the included planning $XX.X included totaled remaining strategic M&A costs million. office $XXX,XXX
quarter, overall debt million increased relatively at lower second held sequentially flat borrowing of expense reflecting effect the $X.X Interest the by rates, net offset for balances.
was $X.X in expense a and for effective XX% quarter, tax Tax million the reflecting year-to-date. quarter XX% rate the
second Our to we foreign which benefit. are tax unable the was for impacted jurisdictions negatively the certain elevated in rate by in losses quarter recognize
profitability per Adjusted X% last outstanding. in reflecting decline the with second quarter in share segments, within diluted a from increase EPS of substantial shares second improved $X.XX diluted share was $X.XX year, the a in quarter, per both our along
payables was decline Free flow quarter quarter, from In in as cash $XX as for flow was payable divestitures. accounts generation results, in Operating our impacted by a with naturally million million second revenues divestitures. exceptionally flow, the solid decline another generated strong slightly second the million of of another quarter the following Fluids the positive benefiting cash had decline. we terms from cash quarter receivables QX ahead the for $X of Fluids $XX
to expansion majority CapEx highlighted, once vast we directed million As again the towards rental our net Matthew fund the with our $X of fleet. used
We debt and million million repurchases. reduce to share $X to fund $X also used
Let’s business the now to turn near-term outlook.
largely the on remains unchanged. the markets opportunity view respective Our and
support to fundamentals projects currently meet we of will the critical near-term we For multiyear a our infrastructure spending, impacting demand. typical some grid summer and much Industrial as and weather to hot impact the continue Solutions, the power remains expect loading to for to elevated plans, on and which see potential seasonality dry provide tailwind although utility has extremely growth U.S. strong
to Fluid we outlook continue for confident in the transform Systems, In the feel as outlook term, continue the future we while Hemisphere challenged and Eastern business market and remains to success. U.S. markets, position and near in somewhat for Canada mid- the longer-term
revenue We timing range primarily improve product of QX. the anticipate third quarter of benefiting sequentially early effect were the including QX activity, to orders in $XX million that Solutions sales of million a delivered to to from Industrial $XX product
a by Fluid a and Canada. U.S. the in million a recovery our we to million, anticipate segment, quarter revenue Systems seasonal range $XXX from decline to pullback the decline partially sequentially to of record in a $XXX primarily Eastern Hemisphere, third Within offset in quarter reflecting the
We for the anticipate $XX expense third range total million, and be while $X EBITDA $XX XX% of the the the interest rate quarter. level of effective million tax to near in million, should
flow, we've our In terms July. quarter seen a of ABL million to solid under cash $X facility declining borrowings the start in with third
expect of business. range to third free the $XX quarter from Fluids in flow capital solid generation within million EBITDA in the and working in million net benefiting U.S. We reductions cash $XX primarily the generation
Beyond further Industrial or organic generation program. growth reduce shareholders in we Solutions, plans accelerate primarily to our investments share used return our our to our through our providing debt, quarter to be greater repurchase expect flexibility to third continued growth value cash
his to concluding the over And for Matthew I'd that, like with call turn remarks. back to
