Thanks, Louis, morning, good and everyone.
our third While adjusted points growth, strong cash margin flow, team by to impacted of quarter very flow in including continued performance free expansion margin be XXX improvement conversion. basis operating and on pressures, cash COVID-related the XXX% turned and
and now some also for ending program. stabilization, order signs on feel in the and guidance our pause fourth comfortable territory stock purchase showing providing quarter our of the rates we with addition, positive In
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and our operational businesses. COVID-related impacts we’ll All on Asia, closely in of and be our are all monitoring of Europe facilities
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showing businesses, restocking are short-cycle have to gas lean. headwinds. customers during at Looking at inventories at orders second tended by order but see finally October, bearings appetite versus modest in last an We industrial-focused did in demand general to partially offset improvements September, with quarter, year, I’ll to a channel slightly remain very start our short-cycle pace and stabilized of tracking our month-to-date business oil but remind up to despite restock. evidence that some you,
almost for flow enough EBITDA third of the income, million of strong nice review. highlights: end So some net the expect On for our when your net or confidence First, continued second, user we balance business XXX%; key times meaningful of the slide, XXX% to down A restocking to our we to more end year-to-date our bringing occur. cash $XXX rises debt X.X financial adjusted quarter. tailwinds this free with in to this few deleverage conversion highlight adjusted notable sheet at metrics
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couple of Moving left in months on this to XXXX. the outlook to detailed of a and year we some order guidance. provide the of rates feel stability, territory more level in With the positive prepared remainder our back evidencing year, for
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Speaking of we results. more XXXX, when provide detailed to we fourth guidance report aim quarter
few a mind are should to there model as you next in However, keep themes you start year.
majority savings in and cutting we the furloughs permanent resulting second have $X of to million the pay year the done this First, cuts of related in exception is quarter. vast temporary the with cost
the have XX/XX XX% initiatives, rates and to we growing when position our above we consistently leverage again. our supply Second, a is are that chain indicated other our previously moves business through achieve actions, in restructuring
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start a we forecasting analysts demonstrated challenge success through more setting urgency growth We’ve XXXX. flat accordingly down either cases, the next this In While we share we market that leaders approach the end prepared bar gains. to have business cost range around been of nonresidential are throughout for various growth year. to the pursuing would not actions to adjust and/or in rates, note strategies clearly their these greater aggressive of
about out sourcing tracking. and alluded earlier, XX/XX feel are good how Louis cost best as very country our we value to Next, initiatives
margin of ahead included to we more While we’re our look our report increasingly basis still assumptions plans adjusted can and bottom of for quarter spending this impacts include on remainder top year. of on share We’ll that corporate our touch the many modeling election. themes when the for on XXXX, like stand of changes – goal I’d operating alternative policy. to finalizing front topic mind also operating that track guidance when page, U.S. XXXX. us, of we’re rates, to this a China Three of XXX tax fourth is additional briefly delivering provide XXXX. trade out that used significant this by our we to is some energy infrastructure can potential surely for for points upcoming on we’ve which details confident that investment the At and expansion and
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Regarding we’d spending on and/or investments increase energy expect infrastructure spending alternative Regal. broadly, more any to in benefit
to investments growing are exposure which and solar We and investment, exposure such focused extent our businesses, to commercial also especially wind in construction. have have motor potential PTS on infrastructure the direct to
potential for China global variety our Finally, investors us presence, customers flexible relevant is enables a our policy, of most we scenarios. to tariff it consider serve to relates to wide manufacturing which as profitably believe what’s global trade while under
to everything and to I constituents, Regal moving associates difficult to our our once for during all customers, of Q&A, want our times. Before very various fellow our thank for associates are deliver our again these they doing shareholders
improving material on take execution turn structurally are to now Operator, to results showed And to business. and the questions. that, we over our Our with profitability the through-the-cycle in operator. of our strong very ready progress QX journey I’ll it back
