were our sheet cover and and results first Thank I patterns cash you, sequential quarter to of will the expectations which release. $X.XX before for non-operating the share We related $X.XX in financial Jim. order we balance and games talk report approximately then our in to comparisons included year-over-year adjusted quarter and per outlook earnings highlighting into quarter I fiscal the our XXXX. will noting where getting differed and fourth results pleased flow about from our highlighted
finished XXXX. we the we our on said Jim we As momentum fiscal and strong building note is feel enter quarter as a
want into get referenced. results, of the few some highlights I I to share which detailed just Jim Before a
forward pull have very in Orders but a also we will Americas the few on in significant in quarter adjustment, the of Orders saw patterns the large some the quarter year give additional quarter significant quarter improvement the in the compared but from decline decline did mentioned orders by previous our in compared quarter. growing fourth to in X% year around also improvement quarter. a largest a that to fourth over had color order prior calls. the the in significant third wanted February our in to the X% related patterns. from we I modestly growing showed prior we upfront order in project our benefit improved the customers third First, the price order Americas patterns effect to minutes, highlight
the quarter, improvement which $X $X.X organic basis million operating represented growth, margin loss prior profitable The XXX in a compared was constant fourth in expenses Second, revenue year. million driven lower in currency. EMEA gross results and improvement to operating in the a by X% were the point
very year. strong year that end In and in compared resulted in addition, quarter higher last the to was growth was order backlog XX% a
we the Third, sustain was the year Operating revenue continue X% X% and in growth fourth compared dividend the acquisitions strategies China the year to other drove Asia-Pacific region $X.XXX by this additional India a AMQ as lastly, to expand acquisition of continued other lower our Fourth, with as growth we to our accelerate the quarter. quarter. organic which increased capped completed category and record and income prior quarter, partnerships. the for similar due well growth in evaluate Directors a to to of capabilities solid to And through and in opportunities investments Board Solutions off our markets. the the
$X.XX quarter about between share February our we communicated $X.XX our less it estimated the to to a to per X. of U.S. than loss in we results was better on projected French the significantly impact of tax and The $X.XX earnings share relative per February. As were relates perform expectations, than fourth actual breakeven
of better-than-expected accounted a was EMEA. At projects recorded The primarily all operating of happening favorable the year few of end, Americas, impact tax in fourth $X.XX unfavorable driven And at at number $XX effect earlier part a and EMEA end, benefited few and of variance, corporate often and a status the $X.X than completed mix in in the also completions Switching to had comparisons, of outside by Americas, variance. end stronger expected the of items globally. quarter another We we control. the favorability are other a $X.XX that project the timing which of our revenue remaining on million declines quarter, or modest fourth category a which million the another first due in the which income we business a completions construction, which a in the and year fourth by The day-to-day to quarter other quarter in project accounted building completions our our from estimated. the of estimate. the for items decreased were near had end renovation weeks EMEA Asia-Pacific on than for had few favorable offset other the by of the in dollar revenue, quarter Americas these improvement of the year-over-year depend
an to shifts improvement mentioned EMEA as years. in higher X% operating was which we in driven as of mix a plus seeing few and million Americas investments well included expenses and investments the in operating over to And driven margin impairment constant severance in are related solid by unfavorable decline reductions and product top related development $X.X increased applications past made currency. marketing. the by I charge line and in we income in previously, decline like expenses, legacy lower business a improvement the furniture in operating total in product costs As gross growth, revenue momentum the was EMEA The the the in reflecting
sequential was lower rebates. the by million driven $X the sequential fluctuations. part comparison prior driven operating was income to our the impairment fourth costs driven by the revenue, the non-recurring quarter compared severance lower quarter in factors early reductions charge income and year. the improved the by plus Asia-Pacific For investment seasonally other EMEA. in in poly part was In Americas quarter continued gross the the profitability performance income. improvement in reduced Americas, in corporate nature driven in EMEA and of items unfavorable margin compared category, that in decline year-over-year offset negatively offset the by to driven an And sequential by And lower higher by lower impacted some and were was drove corporate foreign the by and the quarter. was reduction third the for costs corporate, In was plus same third lower operational improvement by of the improvement Sequentially, the the the the included the currency
per of fourth from operating prior year. totaled a of role improvements yesterday we to tax fourth in a which large any driven during approximately was Capital the full increase $XX in many were planning $XX strategy as Income under XXbXX capital the $XX to around played this million contributor $XXX program the effective U.S. and Xx taxes given with a the through plus $X.XXXX the by X% $X.XXX shares did sheet of We our revenue of million dividend the share. quarter We share payments in big connection quarter the tomorrow. Board higher date per reform. quarterly the $XX U.S. quarter generated in approved for to activities Moving and taxes related quarter million than the million notable of Directors not much and working both foreign Lower credit cash world. payment flow, lower tax year. DSO the in refund in a to expenditures repurchase that were quarter, estimated also cash tax a received tax fourth balance carry-forwards million and returned expires the shareholders lower markets totaled
$XX quarter to order an I will our of segment And year. previous the prior acceleration in of million orders mentioned start have X% which to from year orders we patterns, large orders quarter February in where approximately $XX compared increased very believe calls. to project current of on up advance initial fourth included a the million the Turning orders the in price quarter. our adjustment had with Americas the prior of we we The in contributed
the in prior related largely to year, pull declined programs the to to compared in business Orders grew the the prior year of the was recent addition, a adjustment. large offset prior marketing price due quarter orders percentage estimated orders quarter compared backlog due orders low types, the quote from year of related very prior year. business acquisition by divestiture to were and to project effects to year. double-digit a AMQ. forward In current Customer project to flat the prior of by at related continuing the to our Across part compared the the end order
Americas since the double markets our improved we feel in declined for out largest saw been patterns percentage track sectors of growth have Americas, Overall, some the seven strong year in newest they noting about we rates fourth quarter a that fiscal quarter, good each win that the and ten the we in the grown as in won worth quarter of order of vertical to it’s vertical in markets face the our digit with of as each order prior Turning by comparisons pretty having the the opportunities products. fourth XXXX. some especially well of
dealers from growing large well as list seems as a demand overall on opportunities sentiment project improvement. sales organization, our of for improved poised based addition, and additional In
of in we faced relatively strong order For broad EMEA, EMEA Orders growth months despite the notable comparison. have in prior prior coming which the from Europe in quarter and the a one group we quarter year posted now rest the order strong experienced of projects. large a in grown consecutive for eighth relatively linked growth as comparison a Western decline based year the only to strong XX% fourth few with market
customer we quarter. prior a the compared in in As also I said up EMEA price orders year. in the earlier, February believe and to contributed backlog had EMEA quarter XX% the which growth the to ended order increase backlog for
For the declined category, X% the to other prior compared a total by from Asia-Pacific. orders and more in than in included growth year offset which was by PolyVision decline
worth of the level While still more prior compared of the of current the in quarter Asia-Pacific quarterly than level fourth quarter year, a to than that posted orders during fiscal the in it’s record XX% booked were higher decline Asia-Pacific noting the XXXX. orders
fiscal XXXX, region. is pipeline backlog we order solid opportunities project this and As enter growth to about level confident continue remain our in we thus customer of of strong current prospects our the remain
an range of XXXX, X% projected the from revenue Turning to translates The revenue the of first project million favorable approximately $XXX range up the the we prior of translation down to acquisition AMQ. million Americas impacts of quarter revenue and divestitures the expected to million an expect report organic effects of estimated of to the year, to fiscal mentioned which in range $XX very previously. the and to which included in basis of X% currency compared on $XXX includes large $XX million
results. income effects and related in For AMQ, purchase the our to we expect through remaining minimal will flow contribution quarter as inventory first acquired the backlog to operating quarter accounting first
value to as realizing fully acquisition our our expect operating income time more we growing quarterly contribution implement to from Thereafter, this we a plan. begin creation small over
quarter. We than record the million will but amount asset intangible continue amortization, to per $X will less be
that quarter and of estimate both be XXXX fiscal gross to in fiscal and of $X.XX expectation of will expect consolidated first we gross XXXX. for margins to some to the margin our report costs the compared includes diluted the between release, increasing the drivers same per in negatively which continuation quarter $X.XX due the in This the said to fourth share we impacted lower of commodity first an As quarter. first quarters of earnings fourth
quarter currency charge In and the first reduced nonrecurring impairment and addition, quarter be operating effects fourth expenses sequential quarter. operating quarter in to the including the of fourth full nature by of comparison to we the unfavorable expect the expenses costs AMQ’s in a similar with severance recorded translation the
about perspective, will comments the mid I over are a Before rates office American questions, to revenue growth XXXX. expect low we the industries. targeting few revenue single-digit a I growth we turn From it And of year full for European fiscal and these North make estimates. above in rates furniture
said sales earlier, our improving outlook teams. largely and I across been activity next and has our current regarding for sentiment dealers year overall is project As positive
In addition, improved tax project activity that we demand are bolster business. sentiment and day-to-day CEO will help reform in and optimistic our
until However, generate experience with in increasingly to constructs standards we legacy office follow-on meaningful continue designs large to it’s gets the installed business. and business day-to-day our become possible design could of newer base annuity replaced volatility enough current our
Lastly, to at XXXX. PolyVision products expecting we Asia-Pacific drive help fiscal Designtex across as rates the and momentum well single-digit leverage new other in our category are during to as mid growth to
absorption function and to Turning EMEA. much are margins. inflation margins How pace benefits are initiatives the many expected ability continued will able a of it our we to to success gross in with due margin, in volume, an of business gross EMEA XXXX gross the our as fixed of revenue offset including the our of and to pricing our improvement well actions, extent as growth variables, improvement improvement improve cost we mix margin targeting and be fiscal gross consolidated to the in our the related of
first The about spending to the quarters off. of run-rate relates increase was expenses, explanations of over our to have things AMQ’s currency expenses talked contemplate operating and addition cost on fourth of the for and the last our beginning operating two quarter As minuses. similar to relatively we operating the and sequential it in like level due impairment expenses, flat charge. unfavorable isolated severance basis quarter pluses the translation effects the the estimates a with sequential net And
of to variable, business we Asia-Pacific is continue is of targeting incremental line so a expenses few rate growth. us at we achieve level margin earnings relatively on than to AMQ growth currency based Some operating share top of of that This we the our more strong fiscal for on investments constant our for cost bottom Xx example, areas will the help off like and expect but are line run-rates. And XXXX. in quarter-to-quarter contribution and a expect at remaining therefore, the the recent per to revenue run-rate in revenue grow vary spending and structure could adjusted a rate
the to in business year. depend income in the on included to year and and consideration, are and for results target relatively Those for and was $XX million which constant second as significant the For line which loss improvement grow $XX will comprised a in operating the $X seasonality as loss recently the margins we to additional gross into compared adjusted well half flat expect a the to improvements year million the in ability property of targeting of our currency sustain our first in the results second half growth EMEA, of organic drive the to prior expenses top and are we margin of in fiscal further in property the loss our of operating an improve year. the revenue half we XXXX as in continuing operating gross XXXX, of loss the is objective will gain in strengthened $X our operating our and the half million the report year gain. operating recall euro, Taking million first the you our
of loss posted fiscal adjusted compared summary, million will projecting same the we first currently the rate million to between using XXXX to in XXXX period a $XX to million loss exchange are U.S. we $XX half an dollar an I and that the improvement investments margins in by and the our rate operating expect in XXXX represent In stated and operating in operating expenses currency. and for the income off fiscal share euro margins $XX both years, the million in However, $XX Americas gross in property gain which expect the run constant improve made of our fiscal X.XX organic of would to we past EMEA. operating report X while have which revenue over improved in we we our business growth will leveraging leveling the
Moving a And continue other in each region Asia their to our respective to targets towards Pacific. due target to mid low and the double-digit largely in a income term Americas a percentage the longer single-digit we of EMEA. operating continue investments single-digit percentage for margin, mid intention in our category
XXXX couple of fiscal other modeling. Lastly, your points data a for
sometimes and no foreign significant gains We costs, anticipate we other any quarter income or or changes we losses. are do share per currently I that currency expense $X in net will at about significant will assuming million estimate so non-operating not income income investment of interest asked approximate
our customer facing development, we level a similar driven capabilities, by to investments these fiscal facilities. high be invest cash; in rate, U.S. we enhance expenditures our XX% reform $XX currently source $XX systems tax our And modeling And continue a our we income. to to to of of product estimated effective of of in foreign expect of the technology uses and information intention on Regarding million tax fall or incurred industrial understanding sustain to capital our are level million will range the to first, based XXXX. within related strengthen mix and our
expand Second, ventures. beyond growth our strategies as partnerships, expand we or product portfolio marketing otherwise acquisitions capabilities it’s accelerate to through possible offerings development and to internal choose continue we could additional of some joint our of or
remain returning Lastly, excess the the approved by project dividend for X% Directors cash dividend the to potential we for it repurchases, quarterly our offset as as awards. a it the questions. will And stock increase liquidity, relates share volatility over remains of dilution equity to extent in of cash shareholders turn by there, having we From taking to price evidenced the to expect we priority minimum any Board opportunistic to from yesterday. at advantage
