and global in execution our work hard Louis, team and the for like disciplined their morning, Thanks, good thank everyone. quarter. also to I'd
segment. Automation performance Starting Motion review Now by let's operating with Controller our and AMC.
reductions and food where expectations, Net in to due strength to third the continued discrete to year defense, and was prior down channel, factors quarter the automation, X.X% in heightened offset sales shorter discrete weakness caution as aerospace our U.S. center The and uncertainty. to growth basis. benefits in interest the organic medical election below and ISM weak, were from slower reflect the on business the by lean with Within in the levels to results distributors partially we believe cycle stocking an projects data and smaller such to beverage, persistent remain automation, materialize slower weakness, materialize retaining tied rate markets.
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row, We orders, these project roughly are encouraged saw by positive aided second a in the would we large orders by discrete have even the flat, automation, while in fact excluding quarter that wins. of for couple Automation a been orders
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so remain under Let destocking. but on We end-user me and almost provide believe OEM it demand end underlying been a strategy. residential demand we next significant X market weak what more our market for remains has over, to customers from forecast suggest pressure weak years into year. will is in due This little color destocking are seeing and
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systems data. are important perspective less quarter. in HVAC that premium to market actually that Also, more with were the larger activity dynamics are is AHRI and appears by driven where we surge is focused we how focused an the the weighted These efficiency demand solutions systems, in prebuy year-over-year in smaller down are where apparent
strong year prior and quarter the margins. the for quarter with EBITDA cost pleased team's to XX.X%, lower with in management. segment weaker our to was but consistent The down expectation, from margin our commitment on PES were a PES, the margin for to volumes hit We mix. Turning effort testament adjusted third
in growth Book-to-bill is our as X.XX, PES in slower consistent for encouraging well as improve Orders however, daily end orders. for headwinds PES market capacity was and second earlier residential. organic decline for for did ramp with I quarter in expectation segment the orders the our mentioned to segment down The X% this an the the Shifting for in basis, reflects on quarter this quarter. sequentially. fourth which positive were
Daily PES also in I reflecting performance. were outlined orders third for the October dynamics impacting down X.X%, quarter
ready unfolds. we October, improvements improved sequentially fourth orders quarter saw and HVAC as to expect in further we see However,
On see reference. side with some your of the highlight $X.X debt page, right the this updates we debt on for following additional billion. of billion quarter ended $X.X of the approximately slide, we Notably, financial total and you will net
repaid $XXX $XXX in on quarter this We Adjusted free million the or was gross debt approximately down in the quarter $XXX million year. on basis cash a and debt million. of pay year-to-date track our flow to remain of $XXX.X million
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outlook. the to Moving
primary range. to third outlook As The drivers line on in performance September our at our expectations factor in our performance PES stated quarter and we quarter. updating top fourth our incremental tracking are reducing the in we for XX, outlook Day and to in were sales some headwinds, lower guidance guidance AMC. of factor Investor our lower latest we weaker Today, sales are
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path mid-teens X next free years line updated synergies, over flow XX% a to we cash a continue flow still low repay guide cash margin debt restructuring cash drive For represents reference, we our flow reduced continue realize believe growth. and margin, to a we free as cash to X costs have the to and clear top to stronger
our AMC calculated revenue this specific for On XXXX versus for by EBITDA all forma rates and segment Note adjusted for more pro IPS slide, quarter we year. the full results. and on that and are guided expectations for the provide sales margin growth XXXX performance fourth
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confidence near-term Regal temporary some value opportunity Rexnord despite our creation frictions, remains high. So in
modeling taking few Now of help next with to you many we guidance thoughts a for in guideposts planning be to before happy our interested I'm XXXX. are may share today, not to And provide questions, XXXX while year.
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because category commercial, Markets commercial for persist general perspective, machinery least, our industrial number include From fall into next for markets automation, discrete non-U.S. planning end we growth are off-highway. now of at assume and a in into that HVAC, are this general that, we experiencing year. sales headwinds limited currently XXXX a
demand of We creating at the XXXX. And the modestly XXXX. flat remains transition value Regarding be potentially we outlook, this is appears when to residential the HVAC, that different points this guide believe the assuming stream. provide vary now, in end year topic user refrigerant level. uncertainty which some are roughly additional better for thoughts demand to at the plan on said, we That we or in case may
key operator, average interest cost $XX and also the the fourth year. that, the roughly And tax with will that in to be expect with realize quarter in will a primary XX%. effective now we expect perspective, million would we longer to From at questions. more Again, growth an driver expected in are the a decline details expense low be to reversion our our bridge ready a a our next report. any to incremental take rate long-term of we provide We enterprise Below line, XXs. to organic margin lever drivers will synergies
