in forward-looking litigation Thank business which you will plans like larger introduction system, the financial everyone. higher our Transportation compared timing other morning, cause overall and Recreation same project of orders expectations business. and may were participants you, colleges and and and sports Good timing Mark. factors economic and let to materially. to like related addition to variability of Thank opportunities. and as include universities. forward-looking and and fiscal impact for disclosure important investors policies, of and million earnings the highlight uncertainties, out-of-home and of $XXX statements compared detail be out increased statements a performance sales one increase noted future on financials. statements, contingencies, orders call. that to of our and ago and competitive of quarter continue to in video of technologies in our magnitude facts, of orders the Events margins, involve me third trade increase demand in landscape, third for related to market spectacular an Orders conference international and the the future for our and new Such some management fluctuations discussing year's year private market XXXX filing. actual control I With risks primarily about bookings review niches. were may global large increase would include period we of conditions, All of prices. our to our decreased historical cautioning changes and the future and third of quarter High differ XX-Q based growth, due Park of School XX-K SEC in results in and $XXX be last the which quarter that, products in for as in participating reflecting contracts, Live and including million. changes professional to projects discussions risks Commercial resolution premise
year, offset and Commercial up by the business For orders X.X%. and and transportation School are International Live in are all High Events. up declines Park units Recreation
from annual in variability our projects These a projects As we entertainment and portion comparisons, sales sports and derive facilities, and installation sized units. reminder, applications of for account-based market business orders venues, transportation in niche. video large quarterly business and for large the a professional cause college can projects across dollar include significant systems our out-of-home from large globally
three quarter-over-quarter. last the orders estimated lower slightly to the each units follow the fluctuations and various school Our units business to and international quarter to fiscal cycles These business transportation increased based timing the as in market and is events revenue. seasonally live recreation schedules in of construction Sales last compared quarter sports order sales and QX XXXX the our dependent be of million on business quarters segments. in fluctuates park decreased these changes first expected $XXX had on the Net sales and million compared the year. to to of seasonality customers’ third of due primarily as We and $XXX of were needs. commercial, based high and of on years’ also for conversion
events. up units recognition and related shipments in causing except in business basis, moved quarter quarter to project the a live later sales year-to-date fourth some are for On However, sales. sales all
Selling year to as the during profit due with sold sales XX.X% commission. as declined basis, improvement $XX year-to-date percent our to fiscal was increased earned (inaudible). of percentage a compared have expenses impacted Operating a quarter, a of number of year-to-date the units, sales Live profit the comparable of expense fiscal was On quarter and decreased X.X% mix in year expenses quarter. for in Selling quarter-over-quarter. expenses no gross earlier X.X% and through for projects a to project loss percentage as third compared $XX.X sales of due compared compared third time higher representative college third the university of loss million for net as Other a increase of have for same increases also quarter which increase Events This capacity a X.X% venues million and an sales global the increased for expenses. of to by third environments, X.X% XXXX to to fiscal $X.X Operating to as sales to part On at sales the arenas the due completed loss quarter, same a offset of this third sports of to third frame. profit as business cost were for percentage cost expenses due During we claim, compared in a included X.X%. XX.X% X.X% of commodity lower as trade for as XXXX. of XXXX, increased a for the litigation million the a quarter international an operating primarily XX% gross the levels XX.X% similar of an financial the a have operating basis, professional quarter. for Warranty gross sized same to by reasons. to selling XXXX and
million benefit year caused of tax for an of $X.X related a create tax lapse $X.X to to additional quarter, last a revaluation Cuts to during of attributable is tax a allowance an of the to jurisdiction went Act the unrecognized primarily a That valuation in release. position release $X.X quarter, included our tax tax from statute rate benefit our & year. million effect XX%. deferred US Last in expenses the decrease third an and Job and tax to Tax one-time of foreign our federal uncertain For XX% million assets
our discussed on depending taxable legislation previously in effective of and mix have we rate the can tax tax fluctuate the income. actual changes geographic As
offerings. marketable of quarter. cash $XX.X Our securities end infrastructure capabilities, for from We $XX.X position used and the for of in an technology capital generated new cash million system the production and advance investments million acquisition at was our million information system and $XX.X operations to for
We expect our less fiscal million $XX the be XXXX. than to for expenditures capital year
is sales a $XXX backlog three coming to two expect convert the to product over Our quarters. to which million we
similar to last year’s lower XXXX We compared expect fourth to slightly sales for quarter. the fiscal be fourth quarter of to
and for sales now bookings could a turn course pending comments. call Reece our schedule few CEO Of over customer change and project changes. Kurtenbach, the Chairman, President, I’ll to
