**Jeff Miller - CEO**
Good morning, everyone.
Thank you for joining us today to discuss our third quarter 2024 results.
I'm pleased to report that we delivered another quarter of strong financial performance, driven by continued strength in our core businesses.
Our revenue for the quarter was $4.5 billion, an increase of 15% year-over-year. This growth was broad-based, with all of our product service lines contributing to the increase.
Our operating income for the quarter was $850 million, an increase of 20% year-over-year. This increase was driven by our increased revenue, as well as our continued focus on cost discipline.
Our net income for the quarter was $590 million, an increase of 25% year-over-year.
Our diluted earnings per share for the quarter were $0.75, an increase of 30% year-over-year.
**Lance Loeffler - CFO**
Thank you, Jeff.
Our strong financial performance in the third quarter was driven by a number of factors.
First, we continue to see strong demand for our products and services from our customers in the oil and gas industry. This demand is being driven by the continued recovery in the global economy, as well as the increasing need for energy security.
Second, we have been successful in executing our strategy of focusing on our core businesses. This has allowed us to improve our margins and increase our profitability.
Third, we have been able to benefit from the favorable macroeconomic environment. The strengthening of the US dollar has benefited our international operations, and the low interest rate environment has reduced our financing costs.
**Jeff Miller - CEO**
Looking ahead, we are optimistic about the future. We believe that the long-term outlook for the oil and gas industry is positive. The global demand for energy is expected to continue to grow, and we are well-positioned to meet this demand.
We are also confident in our ability to continue to execute our strategy and deliver strong financial performance. We are committed to investing in our core businesses, and we are confident that this will allow us to continue to grow our revenue and profitability.
**Q&A**
**Analyst**
Thank you for taking my question. I was wondering if you could provide some more detail on your plans for investing in your core businesses.
**Jeff Miller - CEO**
Sure. We plan to invest in a number of areas, including:
* New technologies: We will continue to invest in new technologies that will help us to improve our efficiency and productivity.
* International expansion: We will continue to expand our international operations, particularly in emerging markets.
* Acquisitions: We will consider acquisitions that will help us to expand our product offerings and enter new markets.
**Analyst**
Thank you. That's very helpful.
**Disclaimer:** This transcript has been generated automatically and should be considered a draft version only. It may contain errors and should not be relied upon as the official record of the call.
