afternoon Thank joining thank conference everyone call. today's fiscal you, for XXXX third quarter Jayme. you Good and
for go our XXXX, increased event. results, a conditions, to quarter positive broader will program, like third rental then followed by distributor as market third the overview an of on set across financial you into expanded the newly our financial I discuss from as support substantial strategic we provide experienced subsequent XX.X key with an Capstone the revenue update our of verticals highlights trends a shipped and quarter In diverse Before I’d well business Capstone launched megawatts diversity, factory initiatives. expanded and fiscal of geographies. a program. from its system new revenue four
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opportunities. our my and the in are and with they’re of a to Capstone's chance distribution and had that all geopolitical customers macroeconomic view, Middle end our the on partners U.S., During America, customers meet the issues, bullish I large Mexico, Europe, in In agreement Canada, quarter, number South future East. use of despite
energy a clean assets. rise to decreased in and rise Brent on over of microgrids impact oil on crude below quarter, of $XX distributor meter bullish gas prices adaption, generation from oil the natural business barrel are the during our and resource behind the minimal had continued $XX the continued We barrel but the a market.
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is in severe solid ROIs well the case driven customers ability application a a As resiliency as reminder, or for reduce of the to backup energy as provide by our weather and power carbon this footprint event.
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very leader as CHP Germany. the momentum are international quarter a regaining in evidenced markets distribution Mexico partner the a order in In exciting. manufacturer, after Florida, show the global continued of presidential as contract key a in we in Mexico, for such Jamaica, recent and in see manufacturer and and new orders manufacturer. our order strong orders the resort during received election from pet Kingdom, plastic is pharmaceutical United growth California signs for optical glove luxury manufacturing, Italy, in global This Columbia as from also in orders addition, Australia, our all from our food strength country's CHP company, polymer Caribbean
shipment quarter. the energy X% in little On microturbine as light like France. the a landfill for was it's the to side, shipment parallel a renewable It's Northern only of vertical
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like our previously objectives. I the discuss strategic would to progress key outlined Now quarterly on
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four and strategic quarterly capital, balance If working key quarterly our you flow improve is sheet. objectives: cash to our look our at number one strengthen
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Specifically, let's XX. turn to Slide
that in in $X,XXX. was the only the operating DSS This We're proud $XXX,XXX to sheet. quarters. continue new quarterly highlights in improve operating activities from and strengthen three quarter used our million quarter last program. activities to approximately report capital cash cash cash from working flow during recognized of balance in and used $X.X included As capital, approximately of revenue the this is generated working lowest our net our we quarterly This we cash
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slots to new made expanding signature approximately valued in fixed rental production we of production build factory program. and quarter at slots quarter, million in system early a a decision allocate recall, microturbines series third four The for rental you for we $X units If accounted to number megawatts each our X.X the CXXXX our revenue.
earlier, by created the number headwinds macro issues Additionally, a as and of during overall quarter. market challenged were conditions noted
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turn XX. Let's objective. Slide to our highlights third Slide XX
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operating Growth goals. covers to the achieving margin unscheduled organization. absorption underlying predictable their rental reoccurring the high business. Slide revenue, a from margins. The profitability a reoccurring of of long-term Slide service maintenance direct improvement our means The improvement XXX% good , megawatts, expanded in earlier. the aftermarket Lastly, new new from are path of Capstone to turn I and service margin business revenue this XX which gross years launch areas XX. scheduled DSS Example drivers gross The Capstone's long-term result aftermarket factory contracts will these up of to a in service the entire separate business key and program. of program, the highlights the margin to sequential company's new XX contracts. as multiyear in the is these expanded its service to the representing the expenses FPP reaching long-term contracts generate mentioned FPP three coverage at with X.X were
third For service which margin target our aftermarket the accessories, for goal parts combined include future XX% was quarter, gross versus business of service XX%. and
aftermarket service As This business, on help truly with coverage I’m be of with guarantee agreements. margins. before. business of energy than we’re customers, which five of the new lifecycle end as expansion other offering proud nine XX% a and our we turned current significant leading announce will Capstone Capstone from industry levels revenue long-term industry year our our our very Slide service cost FPP that become partners Today highlighted from to and XX, leading last gross XX% expanding service driven year's coming in is
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in $XX significantly we can to improve recent on Sachs we of and to deliver million forward near-term continue the will us the to control look ahead. Goldman our Additionally, our results quarter initiatives growth factors funding, allow business and performance improve execute that to the the
managed beyond. again we’re the In push and to experience believe and specific financials go the which with we forward looking Jayme, reach for of number summary, quite to quarter pushes we As pulls we we the EBITDA and breakeven a in quarter. fourth well, ahead quarter.
