you, morning and thank walk through you Thank our third Gigi. XXXX results. joining us quarter for Good to
our included our in also In the presentation operations slides updated guidance will this movement facilitate XXXX today’s of to order discuss We a XXXX the walk will oxygen-related the through reflecting discontinued into look. products increased and first discussion, morning. I release
sales few EPS a around adjusted through slides first and will We provide the like activity. in commentary I but walk the order would to
on supplemental market, as of accelerated particular seen the Page deck. in of shown dynamics have X We the in in LNG, growth
quarter completion the to Distribution on and growing focus & the our during the businesses. strategically of Before and we the quarter support our strategic third of we get with oxygen-related Storage announced review Chemicals business products better Energy our of sell We moved this the agreement core realigned & regard, numbers, the that into and XXXX NGK expertise. fourth we CAIRE business cryogenic for on close. gain out Medical sale, leverage $XXX to an core million, definitive a expected In to to of a over non-core
agreement equipment & of the We multinational pressure cost is to Cryogenic of also purchase and serving manufactures corporation million, a initial VRV, end XXXX. diversified $XXX and and sourcing, the in designs expected significant quarter that to markets. This related and achieve annual Energy announced the sales a add Petrochemical to net fourth synergies operational efficiencies acquisition of close signing definitive
are quarter the our of results in discontinued XXXX CAIRE For purposes operations. third results, shown and year-to-date
XXXX organically continued quarter Orders liquefaction U.S. the grew of Asia tanks Pacific $XXX orders of in over XXXX, of of had third XXXX. by of experienced of sales and gas. and quarter in second and XX% quarter or to driven million increase natural natural in the strength a to processing global trailers. and and third Orders strength an packaged Both over reflect million XXXX activity quarter $XXX.X XX% increase third related gas by the XX% in and Hemisphere quarter transport storage the increased of gas. third Storage driven The of & particular XX% over in LNG the XXXX, the driven Eastern XX% by third quarter over standard strength Europe Distribution
East. in the Asia Macro of and highest XXXX, level taxes and of orders quarter governmental drive all orders opportunities pollution control, XXXX. since quarter highest European Pacific regional the at of second were fuel second additional the tailwinds the since their policy, level at were
for We demand LNG continue fueling increase LNG for order to a tanks over-the-road continue Europe stations in and customers to see key trucking. vehicle
next the five to over three years. continue to that expect We
second sequentially this trailers engineered including supported the are region. quarter over tanks. XX% in In The China, year-to-date of gas rising months, six and the XXXX. been driver products, by and up bulk of past the are orders increases up prices further the industrial Over has diesel main XX% are
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while On liquefaction the growth midscale market the large received continues. order LNG for significant of a E&C projects, yet the in business, side we not have terminal
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announced an incremental positive towards and our approvals which in June several speak XX use at infamous quarter, content. is had to expected it FERC had have products Driftwood LNG technology has and is will process forward moves that per the our to project. IPSMR Slide boxes and aluminum Investor the Driftwood Day April in Chart’s progress its XX several million projects Slide in XXXX. Additionally, this will showed the ton FID update we in third for will brazed heat annum X the with including FERC cold certain and final that Chart project I that for of exchangers that indicated quarter. order
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orders. the projects, anticipate While IPSMR not box be will process these we associated cold on
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XX% supply me While thinking impacts from pending production. import our retaliatory projects, the about to let China as tariff LNG our on that in impact gas natural related well as on place from tariffs view the chain put on our cost share perspective and
there concern over United First, the the States. China market increasing in is between the trade dispute and
developmental are others and/or is be prolonged to impact the or seen possible be that in Gulf have that may projects While a see that those speed U.S. FERC in not there could or we to negative date the Coast, processes. phase particular along fall effect, an It of more FID further in on are off. we size the
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calls, we prior as on from cost tariffs. mentioned Secondly, certain protection material perspective have a have previously earnings on we
D&S commodity close. certain material are our long-term clauses and meant side project in to market. material cost are E&C a our business, escalation nor time businesses either the to Specifically, In which agreements costs changing agreed upon in reported win lose with limits have have
share our importing global certain tariffs are products hedged regional chain. footprint $XX.X over strategically our a is sales. to both of we continuing and In into point both geographic given year-to-date, Xx profit percent are driven adjusted and some regions, purchasing, by and XXX of improved was between Gross manufacturing naturally we gross where our Additionally, impact per margin may move our cases in earnings SG&A. as in XX.X% The by able sales XXXX This sequential of in for our quarter cost improvement margin as reflects the as our E&C to the second increase volume. West and gross past as facilities. basis XX% additional months XX additional the D&S The right-size percent a operations. segments. XXXX X year-to-date structure Slide on of a we leverage the of margin quarter expansion the over On manufacturing third third profit have from million, sales seen or efforts expanded gross well sales supply and quarter was as
While a sequentially sales the second increased quarter, of gross increased as D&S percent margin over basis West XXX X.X% points. sales
recall, well associated or XXX driven products points. basis quarter sequentially gas gross basis increased percent the margin million, repair of improved D&S West XXX of as points margin E&C margins parts, costs sales and in with second gross bulk service the improvement packaged by Excluding XX.X% a as as sales, sequentially, of and business. in $XX.X
received structure fast quarter. and The within order atypical reflect cost improved third quarter results included an the turn
at this result XX% SG&A for is transaction The expect the by to million, We year. levels restructuring the of for year. improved net gross restructuring continue the $X.X XX% operations expenses actions E&C to of continued related improved costs. sequentially our margin SG&A of remainder and
the process. XXXX. annual excellence SG&A with activity not XX/XX will special mid our to be there realignment in have are to-date, savings pleased operational quarter us from margin completed segment The our was additional significant and the fourth While operational margin yet in we resulting we launched our underway, $X.X team particular through of September additional beginning in the expansion that available but that recently of in reflected million is is
process through Additionally, we be for quick XX/XX XX/XX West will to the wins rolling D&S D&S month. within and identified have the East
reported X, for year-to-date. the EPS adjusted quarter and Moving to both third Slide and the table shows
reported quarter over XXXX tripled share of more the $X.XX the $X.XX per Third same than XXXX prior period while in over grew EPS of $X.XX year. earnings adjusted share per by
is divestiture discontinued discos to rate tax effective $X.XX which U.S. costs the was resulted primarily related The directly tax affecting negatively and for of to year-to-date the foreign and EPS $X.XX was quarter the the XX% quarter, which the dilutive the due The related convertible is you’ve quarter from the of transactions third to third a fully already. effect X our related costs hedge. numbers our notes In Slide $X.XX to and offset operations recap is $X.XX were seen discontinued by an related and driver low third share. effect restructuring of in per adjustments of EPS. operations
and deck. Now let’s continuing XXXX The X side included Slide prior CAIRE. XXXX of left-hand year which middle shows on basis the guidance move to takes of our apples-to-apples our the outlooks XXXX column The our and for guidance prior full shows on operations. it an slide
for shares guidance prior Our expected for CAIRE CAIRE. basis fourth is restructuring not be This increased range outstanding. billion the quarter of new to XXXX $XX in any XXXX is guidance on is over per and diluted billion. a year on in excludes ETR expenditures increased $X.X information is said the million normalizes the or to XX% to be of over expected any share and prior our operations guidance $X.XX CAIRE range year to year approximately contribution. average per to also XXXX. Sales be are full adjusted continuing guidance costs $X.XX earnings of Full be Full is share to $X.XX transaction-related million VRV XX in year. excludes and This and the full excludes differently and guidance EPS entire include for year weighted capital and approximately does expected is adjusted the anticipated
VRV only of India addition We E&C of not share offerings our VRV about Both not historically us. technologies. forefront market product addition is both bring to respond needing have to our our are India have and us expands VRV IMO to rising products that a even Not this solution pull-through market we able for will opportunities, at faster, the excited of XXXX. market China. our the in offers the that expanded will to particular, overall an penetrate. family. addition With and be ability and and cannibalizing D&S Chart it significant a LNG addressable customers its India, the to to is growth available China enough in been rate X% market pure-play and be are complements to that current
all Italy six to of with products time. will of allow of the quality expanded offer the shortest the customers lead Additionally, our should that benefit and inclusive highest us global from footprint India sites
Moving be both and a full be earnings guidance billion revenue $X.XX our to of conservatively transaction-related quarter diluted the the shares of that VRV $X.XX in and LNG is Slide divestiture full on CAIRE in to to presentation, the billion per fourth range outstanding. in range project year expected XXXX assumes $X.X X excludes This are adjusted costs. to the of acquisition XXXX to weighted of year the expected close assumes approximately large in XX of guidance million and and XXXX. Sales any restructuring average share per share $X.XX no of
be to million up turn XXXX. range in effective We rate over it tax to the expenditures now will operator million expect to to $XX be open to and questions. XX% for XX% to I it $XX of for the approximately our capital
