Earnings

Operating cash flow was USD 329 million versus USD 444 million, reflecting higher tooling and engineeringInvestmentandWorking Capitaltiming, and free cash flow was USD 158 million.

The prior quarter included a GAAP net loss of USD 7.2 billion, or USD 84.65 per diluted share, against non-GAAP net income of USD 3.23 per share.

Chief executive Peter Vanacker said petrochemical and energy markets continue to be affected by the Middle East conflict through production, feedstock availability, logistics and freight flows, and that the company stayed focused on safe operations, commercial agility and its value enhancement and cash improvement …

Middle East RevPAR declined 12%, an improvement from a decline of over 40% in the second quarter. Leisure RevPAR rose 7% globally and 9% in the U.S. and Canada, group rose 6% and 7%, andBusinesstransient rose 4% and 5%. Europe RevPAR rose over 6%, …

GAAP net income was USD 0.00 per diluted share compared with USD 0.9 million, or USD 0.08, a year earlier. Non-GAAP net income was USD 1.2 million, or USD 0.10 per diluted share, compared with USD 3.5 million, or USD 0.29.

For nine months, revenues were USD 2,708.1 million, up 18.4%, and adjusted EPS was USD 1.20, up 27.7%. Nine-month adjusted EBITDA was USD 426.7 million, up 22.5%, and GAAP net income was USD 114.1 million, up 42.5%.

Net income increased 6.9% to USD 13.0 million from USD 12.2 million, and non-GAAP adjusted EBITDA rose 3.8% to USD 15.5 million, a margin of about 31%. Gross profit increased USD 1,506,000 from USD 27,846,000 a year earlier, when gross margin was 56.6%. Service …