Improved Revenue in Latin America
After three quarters of declining revenue, Latin America saw a revenue improvement of 10% sequentially, primarily due to an improvement in Mexico.
EBITDA Margin Expansion
Despite market challenges, EBITDA margin expanded by over 70 basis points due to cost initiatives.
Significant Contract Wins
Secured high-impact contracts, including a $147 million contract with Petrobras in Brazil and an 8-year contract with Romgaz in Romania.
Innovative Product Launches
Launched over 20 new products and extensions, showcasing advancements in technology and innovation, including Intelligent Completions and digital launches.
Strong Free Cash Flow
Generated $99 million of adjusted free cash flow, with a conversion rate of 36.8% despite challenges in payment collections from Mexico.
Increased Shareholder Returns
Returned approximately 60% of free cash flow to shareholders via share repurchases and dividends.