XXXX Thanks joining fiscal quarter Good third conference everyone. Colby. call. afternoon, for you, Thank today's
to specific to upcoming on give then the turn third results. EBITDA quarter our report highlights, and over After Eric achieve highlights call quarter you plan financial I'll the June that, review quarter. positive to progress a the quickly some adjusted from go like the I'd review in our to I into business Before financial
our look is it important initiative. Reaching Slide help the management by the we So positive company to growth Slide capital positive start is that future high-level of adjusted as milestone let's go EBITDA turning a plan. as focus our for X. EBITDA unlock at team, X ahead and critical the near-term will adjusted a primary view
detail starting Capstone's our expenses we average a on range move is delaying approximately slide. cost focus going our more $X.X quarterly between remains in our and direct on an basis. operating XXXX, million from all of detail $X.X and lowering material Also, conjunction are calendar annual into of R&D million an $X.X in reduce million product on April This to As nonessential development later million XX% by $X spend I'll we lowering efforts. a in engineering to
from our long-term new we also The megawatts up adjusted rental EBITDA in X Today, X.X consideration megawatts positive at deployed is a quarter. key last microturbine fleet achieving stand target.
fleet the a of cases. over reminder, with an us XX-year life and margin simple a most cash ROI presents asset a and income of a As compelling higher reoccurring with in rental flow payback XX-month source cycle
our savings or compared will significantly our cost improved business U.K. new Also XX% upgraded plan knowledge is is as and generate Facility protection completed, well, a vital service profitability represent to contract FPP, which this long-term recently parts of or margins us it as factory With parts, remanufactured advance to enable a parts. goal the to spare important the are breakeven aspect which Remanufacturing EBITDA IRF. we why of our Integrated
paramount. warranty like makes quality Lower to I'd margins, expenses warranty translate Next, comment expenses. control better into directly which on
down heading this, very warranty other very have fully we as impact in expenses June a should prior quarter. discussed a along that the processed. close being This internal faced very drive with issue vendor have into manufacturing to all-important And was we quarters, Capstone. quality we now disruptive positive expensive As and is to upcoming and FPP initiatives,
as to and success. contract and track service margin the data company. business emphasized shows the is to pleased our the We our most in I'm booster very that critical FPP rates growing both the backlog, attachment However, say I progress quarters, recent by measuring
announced revenue. look megawatts. have you at amounts business. aftermarket If a FPP under $XX the eligible strengthening overview approximately provides future of to X, Slide slide a long-term in our today, XX% totaling that service we we fleet XXX of summary record This million contract This
the of remanufacturing is As to I several elements upgrades the this said, of completion facility. significant of our one key recently U.K. plan announced
cost initiative level costs. in touched element that June. material outlined margin the Slide I key help side high This reduction cost and have of we at utilized It in be just reduction initiatives cut aftermarket is our both and a direct fully and manufacturing essential drive now identified previously new X. should annual operation by starting business. been into to expansion This be on Another the are on is reduction $X product million is
for also our customers better revenue growth as minimum a of to key we ourselves enable back a strategic think product In forward that closing and sales going to to made larger long-term steps of have addition, look international taking position targeting move $XX will we're we million quarter. and better grow
sales separate us organizations, announced We on reorganization strategic improve X. lower our highlighted marketing help cost We will divided overall recently and into our we effectiveness. as sales that believe team and Slide X
a key for opportunity with even model on an customers of marquee Capstone's managing group while accelerate sales will focused businesses, OEMs customers have rental who first existing adoption and and long-term is our We build fleet. expanding focused ties believe for distribution and second technology. widespread will on the global rate help remain developing large to worldwide national having direct our the stronger Capstone account responsible that closing channel, The
plan development. increased salespeople with the driving our conjunction In account additional hiring focus distributor network, we on for national on beginning
relationships developing displacing expanding during mentioned Capstone current resource last corporate and distributor on previously corporate quarter's rather be planning new are we roles. call, to not better As serve the a network current conference the in
branding geographies, drive targeted recent the accounts, to X, solutions we look factors pricing of and the by outages adoption a within as number distribution are On relative the growth and for expanded not a underpricing market and California proposition OEM driving expanded we in customers portfolio, X continued national take programs make customers our our wildfires, in by see key power value going additional accounts marketing and we national expand and over or Africa, with like nondistribution product matched as business which customer improved expect customer. force revenue caused existing will customized and sure market and widespread awareness of new support, bring These go our include satisfaction, targeted potential installation Let's business direct solutions, Eastern products Improved and at include we and strategy product, distributed to Europe, and forward. sales Slide attachment marketing improve rates products generation presence campaigns, explore distribution East lastly, build now. as to aftermarket Slide improvement customers service well, higher to sales opportunities, Middle retain our through our help major and bundling they each energy accessories. new
All Slide of as financial to outlined these positive EBITDA changes lead short-term us on a adjusted path X. down goal for
our plan. like X, is today this are Slide highlights business execute strategic last what should where continue the to Looking business and June, the we at if we June, where this
increased attributable see, support elimination upgraded EBITDA the our June's today's of new aftermarket our forecasted with our of the is the growth lower is cost U.K. XX% adjusted remanufactured quality sales positive the facility. continued product outcome. parts program, margin EBITDA the availability long-term of manufacturing rental lower in vendor from of sustainable and contracts can XX% should As a to you along D&C, continued improvements goal combination deployment our part FPP performance. which in OpEx, service growth the XX%, business, to yield result part These issue, additions, increased in expected positive distributor From large overall expansion of lower reaching of system
in ending specifically that release remain quarter target our the XXXX. press to June of EBITDA be As adjusted we we'll I positive optimistic today, in our afternoon, this reach able being mentioned
provide I'd ended summary you XXXX. to the for XX, quarter the highlights overview Now of December the third like financial
$X.X move and product high-level and Slide was of margin our increase warranty driven in gross our The to the lower fleet. growth the by $X.X long-term gross the QX on rental lower million year to X Total shipments. quarter compared $X.X margin expense, So go XX% discuss and in million ago let's increased million despite or cost ahead initiative accomplishments. to reduction
our Gross cost Accessories, year lower million, XX% and stayed DSS basis margin in by in efforts. but year the revenue to million $X.X percentage expanded XX% XX% $X.X ago, from efficiency sequential flat rental ago a XX% progress was up additional from the demonstrating and quarter. service, parts, revenues, a on despite
this this We progress are as us underlying a is factor goals. with reiterated, achieving critical our especially have set pleased we
at fleet XX growing quarter the our in progress the X megawatts revenues additional planned approaching sequentially rental rental made standing with long-term XX% also We our fleet now megawatts.
high-margin we our company division the We squarely grow, throughout our expansion are in excited of see to and target expect year sites. the XX-megawatt with continued the
was second year fiscal the the compared X.X:X ago quarter ratio of and book-to-bill third in the X.X:X for Our X:X quarter fiscal to for in XXXX XXXX quarter.
a were growth basis. quarter, Although in were the lower book-to-bill the ratio our shipments sequential in on we by encouraged
received $XX.X in Capstone year year program. lower quarter. in product During for third slight compared million was the sales. million Total was to decrease new to revenue the calendar $X.X the $XX its from microturbine ago XXXX, The DSS million revenue due quarter
the call over to Eric? third Hencken the to quarter Slides XXXX XX. to Slide hand Now detailed XX financial Eric I'd to financial from results like discuss --
