and speed, game will coming morning. now Returning call. the see will But the to lost he as I released and getting will hear XXXX rest a results talk for the I up outlook for I bet you to over and ball on Jeff lot get chance and the me to walk weeks the since this road will Well now is from joining Jeff months. XXXX, the be of through presentation this the
the our views like the as our and well commentary year would orders sales and markets. for provide I First, to full as around activity quarter XXXX on fourth end
November of gain we of sale a on net of sales of VRV on closed CAIRE and XX. the million quarter, XX fourth the CAIRE $XX.X taxes. Medical The on December the on generated During acquisition
to orders of year were quarter $X.XX orders orders our fourth X% XXXX. reflect fourth XX% excluding aspects activity set over Orders & organically segments' and XXXX from X many of by storage the This or our to fourth XX% strategic on XXXX quarter a related year fourth and outlook. natural the X deals in these With XXXX strength, full of orders your organically. our million shown Storage to orders further continue the Gas X-week of transport full results were global year XXXX business, are for in basis, X. in Packaged of is on stated quarter of year grew is Full our the billion, which million a XXXX over a records business. complete, period Distribution as increase All operations order indicator continuing Fourth quarter the of increase $XXX the Packaged Slide of Gas leading VRV The highest XX% lends XXXX quarter of million over during $XX.X history. gas. liquefaction, $XXX.X ownership. included VRV. or confidence driven a full
LNG different thus project fee base LNG into Dominion In XXXX. the E&C, XXXX the LNG and was and record quarter of for customer. slot and joint the an venture on the orders trailer in far fourth an $X.X fourth presentation, quarter of $X first order our a it order opportunities Energy increase in & had order for business million a first Europe. systems Additionally, for saw a Chemicals, product niche year in In LNG Storage we line million the for Energy-REV we'll Distribution the we for in & through walk quarter. reservation LLC, continued that an see projects for we a horizon the booked Later large
for a plant, million Specifically, in $X for heat Saudi $X additional order January, Coast petrochemical an SABIC's order for cooled received fractionation a million million train Arabian and customer's we Gulf for exchangers. equipment large an order air $X.X
to Storage trends. continue customers LNG Europe, key order increasing over-the-road saw & fueling stations in strengthen order west to trucking. for fuel Distribution and We and business, LNG east demand we in the both for the continue systems see side On of
grow are we over source last expect been for from the in for XXXX supporting continue In to several we next years, tripled As systems call, mentioned expected LNG named trend LNG double-digits decade. that into the years. to provider coming fuel trucking have particular, with the well on to next orders over-the-road whom customers XXXX the and
D&S station standard tank strength and orders Additionally, we LNG second in have in East. seen half fueling XXXX
areas provided We expect XXXX trailers our East end above these of has our $XX.X strength with our D&S to of VRV VRV as that a which at/or like in period, VRV through continued E&C included million and all total orders XXXX in and additional is We as for complementary holidays. both segments. in X levels. reported applications well added the portfolio. expected X X-week and ownership the markets
a worst X new build-out. market upcoming is in there top significant has XX given India the that opportunities for pollution, infrastructure India of Specifically, are the cities us for LNG with the air and world
first revenue Additionally, in XX% D&S order fourth buyer our quarter West, Indian in grew station. of the over received an LNG gas Already for India we customers. of largest LNG In world. XX% XXXX, imports nearly our an $XXX,XXX approximately industrial fueling traditional India XXXX, relates the for in in LNG to the making
the is date, amount To in built and focused countries, Beyond and application order XX that, recreational opportunistically we our give with faster. double-digit are to nearly In a a magnitude was Cannabis teams and states applications, that fourth only into specialty $XX of use higher-growth higher-margin, million The marijuana which these combined. U.S. now on spaces. these either our and the dedicated have order $XX growth dispensaries use than over The orders exploration. and that forecast. food Colorado that we we we additional District in have more products Starbucks Historically, of play in McDonald's intently has small potential space sales for of higher-growth the potential into billion are market, U.S. the quarter, a of market billion in a sense of we billion legalized To for XXXX would medical markets our is legal cannabis to products us, and for are good and XXXX, space now an focused driving and cannabis have $X.X opportunities cannabis take booked the set are in on million booked for a current locations space specific the of $XX.X we launch and Columbia which January. expected grow beverage, XX or has $X X a globally. example growing of
from beverage packaging. grow and tanks to extraction applications houses use range and standard the of our Our
We COX. Supercritical creating manufacturers liquid high-pressure, with as liquid temperature extraction COX of COX extractor more butane variety by and a controlling worked versatile they supercritical that pressure. the for have toward move increases to a is end process efficient away temperature more is from of and solvent and products become and pressure
and ending to Slide for $XX.X levels PSI post-processing, backlog D&S XX% Flipping increased or excluding full to bulk market. in three D&S backlog XXXX including market sales VRV, respectively. All XXXX, is $X.XX oil included to X. of the sales year orders. a XXXX. pure, higher with Sales E&C at XX%, the which, revenue. that D&S a of full and segments' creates end to XXXX. in organically Backlog liquid XXXX. to the East segments' fourth reflected VRV, big $XXX.X up orders alternative little COX LNG with Additionally, X% VRV to XX%, organically X Backlog clean since year is Sales unlike that than produce backlog is levels a is order to compared of XX% our and from at driven, the quarter increased accelerating its year-end story similar VRV. by excluding included XXXX. million to similar with West of time, no billion increased at is toxic tank part, highest million solvents. All XXX Chart of safe first back extraction quality over use East million, million, for $XX.X of $XXX XXXX
backlog ending Our our guidance. supports XXXX
of reported in Specifically, half increase quarter $X.XX, X year Slide fourth covers of XXXX. will Fourth convert Full year $X.XX. is the the is of XX% year full full with over full EPS adjusted the per share. revenue and adjusted EPS over $X.XX that shows earnings first our reported half EPS $X.XX quarter first forecast. backlog year
excluded very drive low year the on X year deal-related step-up and first from their XX% ETR positive negative VRV quarter tax away would $X.XX, table. shown $X.XX first which tax reported will on effective to operations returned. benefit operating for period income $X.XX as rate the included cost shown positive those row XX.XX%, of income fourth Inventory have X ownership was full two. of posted of after since The $X quarter go period. of of our we of in for or in number adjustments We tax and shown changes tanks XX.X%, in we which XXXX, charges be EPS VRV The strictly are million Our of of reform full results recall, did full rows row year inventory X. to year adjustments the on year by XXXX. impact our XXXX China on the XXXX step-up original positive through still our the from in the quarter, on the finalize additional $X.XX XX%. of of cost In aluminum $X impacts, were for net to true-upped $XX as occurred to included expense in shown help Restructuring shown those, to impact Normalizing which guidance in effective $X.XX which operating in the based for million tank EPS, rate sales estimate was our was our XXXX X. the EPS, incurred fourth row had costs $XXX,XXX our to in quarter to China. of cryobiological related tax this full was driven income fourth row that April three. of XXXX, million will in which
on fourth in moving big XXXX I will around some quarter to provide and year color gross SG&A. in Before our LNG full guide, our additional margin
XX.X% percent was as the full includes to gross XXXX XX.X%. well margin XXXX, compared as as cryobiological tank $X of gross million a aluminum restructuring year, For margin, the of costs. recall from $XXX,XXX sales,
as SG&A, sales, improved normalized sales compared in XXXX, from percent year, $X of million. deal-related year Each when XXXX percent the improved and to $XXX.X XXXX. a of million XX.X% XX.X% as increased expenses, the SG&A including for while full sales to a SG&A of full in for $XXX restructuring million increased the costs. for of segments' Our by
the to third a take orders significant current of the SG&A can annual having our a without the with this realignment we level It you many reason and went changes segments LNG pipeline As as painful our in are forecasted is through fairly level. SG&A. to key as add on aware, and leadership us of differently, allows why. large support growth a quarter, and of order Said well LNG organic we grow
LNG side on the our the on to E&C for perspective business. of XXXX Moving big
updated previously we X. Note or This was shared shown presentation list now to Slide has of on that simply that won't mean had these and that XX global because does increased first XXXX a have Pass, not surrounding on of and have upcoming the intimate bigger half Mozambique terminals. we've was believe pretreatment to to have specific of XX meant builds projects. a Slide us projects liquefaction a LNG opportunity projects focused do have Arctic activity expect XXXX weeks We XXXX higher surrounding which Golden The This highlight LNG, on isn't project. we slide others. a the second projects, we that content. equipment even for The of likelihood. that relates been news for the Recent have content including certain project
During Venture contractor, Pass EPC the selection the the Global Kiewit project. announced Calcasieu quarter, their of for fourth export
million This in Additionally, $XXX used engineering million, million facility, will which equity into previously to capital, supports to the referenced is site construction Calcasieu addition work commence entered project project, Slide they of finalize $XXX which $XXX raised X. loan bridge for the forward. on X and be
have ton content equipment executed agreement. on for is per per XX-year annum potentially project, heat facility, which export we first boxes Our XX another annum expected ton the XX offtake has would its and cold million and XX boxes cold binding Plaquemines XX exchangers million
equipment Calcasieu Calcasieu and Plaquemines progresses. and in the distributed projects final quarter, We & on Oil the intent fourth we of project Gas, Baker investment the letter both GE Hughes, expect Global decisions to a full received XXXX. orders In individual offering from as the take of Pass GE part expect formal to for Venture for be
in for for booked the As call, million boxes. order quarter, for aluminum a we an cold slot on production the I heat and mentioned earlier $X.X reservation brazed fourth exchangers
the Tellurian's Driftwood in operation on January, Driftwood. the final The receiving received to project is order the proceed final along FERC Slide the from of and second environmental report X project, construction of which, FERC step
can the Tellurian final XX million Additionally, that. supply approval XX for and per in Industry final would the over XXXX, fourth of agreement a first of annum the years. we to rate $X tax announced that reach Board of subsequent Commerce notice and and for proceed years signing expects XXXX, for Louisiana receive of IPSMR in won half quarter equipment a $X.X minimum on over the to with of the expect from and an also to billion order Tellurian first to FERC in investment decision our technology process Vitol phase
our X LNG. Corpus IPSMR, Both stage rows Cheniere's planning the of are equipment. are X use Pointe Christi slide Speaking and III IPSMR and and to on
move with expect in We will III stage FERC Cheniere XXXX. FID and late
annum be site XXXX, connection X, ton that our patented of building trains per project modular, significant third quarter by technology. facility FERC in was Pointe million proposed a they would annum a was million by another ton per Also portion As using previously. IPSMR the reminder, export in the that reviewed their terminal in with of LNG X indicated XXXX, X provided
Heat is a entered FLNG. liquefaction strength it and as limited in Just fourth FERC is Exmar Exchanger announced and Golar Gimi, field. on on XXXX. floating BP previously Also notice same anticipate last Hilli prepare This for to the and in We X YPF with impact Gimi the Floating in cold project. Aluminum Tango support with the LNG vessel front, LNG ahead move the a the Both completed called staff to indication from box quarter it Phase using floating week, up a proposed picked liquefaction the Golar XX-year environmental charter Tango for received that has vessel, Chart of are equipment positive a activity a is that FLNG expected to currently development In has they're was the operating move content. in LNG proceed plans and deploy vessel, to December, greater Tortue LNG a to content an and of project, forward. treatment Brazed which process equipment Argentina. said
terminals which an that LNG We activity have in geography. small-scale hub-and-spoke import would the for model seen support increase throughout for the Caribbean
on import get potential the consistently fulfill We overlapping. We Caribbean. time content build terminal asked as the have equipment orders our the on new to capacity equipment LNG were well about multiple if lines
Aluminum invested As in past will facility $XX capacity additional mentioned million and our over X.X Exchanger previously, process years, Brazed we content. the Heat into
active. to this is furnace, is the in LNG potential We With XXX-inch the through million able that we to last orders in single we're orders this believe is new the additional braze capacity and moved there in our significant this improvement world, large production tall have a are $XXX capacity, first and million us handle newest pleased successfully Overall, to able we of XXXX. of core. LNG-related Utilizing to furnace cycle. coal over validation team big multiple share braze simultaneously, between for $XXX receive
XXXX without no the shows over of our organic our $X.XX across In to addition to in of we to and assumes quantity our for $X.XX growth, year. double area expect significant East. grow $X.XX large repair Middle grew widespread we while incremental closing, synergy for first to inquiries that of XX%, project is a Since opportunities, One synergy business EPCs we for in segments. LNG particular order This for Saudi that customer expectations. XXXX, energy service in the prior opportunities, particular, VRV. our seeing is fourth East third-party associated service the in in X% had for XX% and million to XXXX our XX-plus is $X.X billion have we our are The over is table digits Slide X% of of cold growth had of equipment have revenue total the cross-selling. Middle large VRV billion. XXXX repair billion, to the the which total doubled. organic from with Also additional any XX% XXXX order not VRV growth negative quarter. in the market, identified Arabian In contributing the for year and conservatively plant guidance not petrochemical from in in to a received billion a in and from sales further parts shows the received increase And large full January, VRV We would through to rep access sales business. surprises to increased guidance an growth X a Chart the XXXX, and increase LNG months we have a from the $X.X boxes sales
anticipated we joint price VRV increases. row our to The Tanks. million on first for $X and Additionally, order million had shows both of table $X Chart the next the
& tailwinds. Additionally, both market Chemicals & certain Energy Storage and end Distribution favorable have
our Slide bottom that On factors but included. the of are are not X could currently guidance affect
mentioned, LNG in the given orders to large in revenue to line not a include level limited delivery impact and our earnings and current revenue. schedules yet of does do year significant guidance project-related XXXX, any requirements. We As recognition have sight of revenue would previously these have
LNG have XXXX from we built projects IMO into regulations, see our marine bunkering While XXXX upside ship we do guidance. or any potential the not
accommodate particular, in infrastructure Germany, and for in see Greece. the to We global development activity LNG continue of in an to bunkering, quoting increase Italy
we our X any included in we least XXXX. expect very While order early at or late not XXXX in guidance, have
content have supply close The power has their design $XX and and fuel the approval content the million ship of on upon per principle certification Wartsila as DNVGL size. is range hydrogen from a and with in for the source. obtained depending projects we with project, storage to wide in and developed the use result Building on a this, projects marine completed solution Norway. ships work most performed of cells solution our several recent cooperation hydrogen that from million reminder, successfully bunkering a ranges $X As on hydrogen
on have We be potential and including the either, ISO build tanks included board, any would not forecast Chart in new content there vessel containers. yet
potential. marine these it Marine While we high in pursuing actively very opportunities an haven't is our guidance, we the are with expert hiring growth in in as a Europe, area included market
yet impact as investment. activity watching in Lastly, China related commercial while trade a from is negative China or have LNG not the we to tariffs we carefully offtake player war, investment projects seen key are large in the LNG
shown expected adjusted full XX earnings transaction-related diluted million the share shares outstanding. Our per in expectations. over any Slide guidance, costs. $X.XX to on also increased share and weighted X, excludes be XXXX range average per approximately restructuring This of prior to is year $X.XX is EPS on Adjusted
Our on part, by adjusted EPS growth, the guidance and VRV is described slide. driven, as organic in revenue the
in margin third in of Additionally, includes XX/XX certain self-help in and underway which our West are began XXXX. well VRV. of guidance launch with D&S D&S the expansion started These recently activities, East, quarter the process including the
On our base shows last $XXX the we of X% row spend. cost supply our over anticipated a benefits. X,XXX XXXX, of reduction the X a of issued In week annual targeted million with of table, set sourcing vendors through comprised and letter pricing for
million and changes the XXXX completed expect in actions, months all restructuring row material this September Slide that past tariff we cost resegmentation guidance combined commodity savings, full X strategic of $X of $X have components in approximately in sourcing Also cost will over from X and is as included from pricing with which one savings the our other the place. of underway, seen known provide headwinds million XXXX. benefit savings, shows year leadership included implications. activities offsetting these We
systems fuel Our are million extending over-the-road the to fleets. line million of be to LNG creating capacity our in the Europe, includes, to $XX This to LNG XXXX. through additional customers if decision European build-out the capital proceed, truck production serve in is range of expected made expenditures their $XX
waterjet opportunities, operations special potential further for automation automated has task and cutting identified head savings the welding. more our Additionally, and force including head targeted
it to it up includes over outlook these I spend will capital Sarah X-year now for open and XXXX to turn on Our questions. opportunities.
