Orders for the quarter were $390 million and frankly, much stronger than we had anticipated.
We generated $21 million of free cash flow during the quarter and ended the quarter with $101 million of cash on hand.
Our total liquidity of $397 million at the end of September positions us well for the cyclical nature of the Crane business and to execute on our strategic growth initiatives.
Our third-quarter orders totaled $390 million, an increase of 10% compared to $353 million of orders last year.
Favorable changes in foreign currency exchange rates positively impacted our year-over-year orders by approximately $6 million.
The book-to-bill in the quarter was $1.1 million.
Our third-quarter ending backlog of $465 million was essentially flat over the prior year and up $35 million or 8% on a sequential basis.
On a currency-neutral basis, backlog decreased 4% year over year.
Net sales in the third quarter of $356 million decreased $92 million or 21% from a year ago.
Net sales were favorably impacted by approximately 2% from changes in foreign currency exchange rates.
Gross profit decreased $23 million year over year, mainly driven by the lower volume in the Americas.
Gross profit percentage decreased to 140 basis points to 18% from the same period in 2019, primarily due to the impact of lower production levels.
Third-quarter engineering, selling, and administrative expenses of $50 million decreased by approximately $5 million year over year.
As a result, third-quarter adjusted EBITDA amounted to $25 million or 7% of net sales.
Our flow-through on the year-over-year sales decline was approximately 19%, reflecting excellent performance in managing our costs in this uncertain environment.
Restructuring costs in the quarter totaled $4 million and were mainly due to headcount reductions in the Americas.
Our GAAP diluted earnings per share in the quarter was a loss of $0.01 per share versus income of $0.51 per share in the prior year.
On an adjusted basis, diluted earnings per share was income of $0.10 compared to $0.54 in the comparable period.
In the third quarter, we generated $28 million of operating cash flows, which was primarily driven by a reduction in working capital of $19 million.
On a currency-neutral basis, we reduced inventories by approximately $18 million during the quarter.
We continue to closely manage our working capital needs to current demand levels and remain on track to achieve our planned $80 million inventory reduction on a currency-neutral basis.
During the third quarter, total liquidity increased approximately 12% from a year ago.
In the quarter, we repaid the $50 million draw on our ABL facility and ended the period with zero borrowings on our ABL facility.
Our net debt leverage ratio is 2.6 times, providing us with sufficient runway to deploy capital for growth initiatives.
Accordingly, our forecast for revenue is between $425 million and $450 million and between $18 million and $23 million for adjusted EBITDA.

Summary:
Our GAAP diluted earnings per share in the quarter was a loss of $0.01 per share versus income of $0.51 per share in the prior year.
On an adjusted basis, diluted earnings per share was income of $0.10 compared to $0.54 in the comparable period.