the remainder Thank Chuck provide our quarter we you, year joining our outlook a then of I Good discussion CFO, fiscal operations, morning and a Chris. appreciate of for third XXXX fiscal our and overview you us will our brief Barrantes today call. with begin financial year. will the for conference
for up Following questions. we’ll the open call his remarks,
Before crisis I global want created unprecedented by on COVID-XX turn through managing to to this the pandemic. our company provide an and results, the update I
that our efforts this health of want to dedicated time. thank their like all through employees is and foremost would I a of I employees concern say First, challenging to and personally safety for our all
therefore across locations business We are of open considered all an our essential venues. our and remained
and work as conducting flexible company-wide implemented working online. over have shifts, social business such practices work-from-home with practice in meetings options, and telephone distancing between plans We employees the
but sectors our live both chat impacted created the than of The swift and It new aided pandemic also Our as customer others, is times. in severe. well. recently is from has opportunities also introduced response economic has economy and online more rental fallout
core has temporary is opportunities most Asia-Pacific leasing COVID-XX pandemic. steady holding business very up related office sectors and across well. in storage demand and the Overall, the new America seeing remained in some Our to container and North both we are
the these of and medical sectors. offering. to offices our of opportunities across highest level retail, Some demand are the core in industrial continued Ground product all be
With by respect as product typical COVID-XX-related an the expected some to but uncertain environment sales demand in our business, has softened economic sales. offset
Going remodel trends business and events. non-residential monitor hospitality that industry our such will impact retail construction starts, continue special business, forward, to as we the the
We and delayed events are not are hopeful projects these of many and canceled entirely.
facing to liquid the oil has is more in Lone demand Texas lack extreme containment is The through business, oil operated drop and severely conditions. and the gas of disrupted primarily adverse Star, significant in sector. Our which due price oversupply
pullback the both corresponding production levels, on customer have we experienced in and utilization pricing. With the pressure
with new have and service served This from well strategy more as both from measures for control We to downturn implemented without us sacrificing the period customers. costs we emerged our existing safety. business our levels last that in
We are primarily expect and to tanks. our opportunity oil normalizes. potential well customers the positioned One serve this to is prepared weather be market near-term storage oil to when our crisis blue-chip in
temporary receiving at That this are being for oil We time. could and less our rates said, storage than inquiries normal be terms the many activity.
this uses business the applications. continue COVID-XX-related well been modifications, GLO traditional Frac Southern we receive our as side, manufacturing for as the as fairly to during has period the orders in both On active
while liquidity sheet or by past, in in stronger has and have times we of our ever this unable experienced summary, caused economic challenging team are we our In the management we the the with history predict fortunate the enter had company. fallout pandemic, and than the a weathered to balance duration are severity to of crisis the
and to resilient fleet cut and enables of we business Our to flow discretionary debt. type free cash to reduce lease, remains able which we’re due investment fleet acquisition and generate the us
We the look committed to Our and by the country the through all everyone remain lines. the our challenging out and and are customers particularly crisis, gradually healthcare front life. providers, and hearts first helping the impacted workers the go support to we to responders, business essential of in seeing for reopen normal more a get return our to employees time, and forward this extremely way
our Now turning quarterly North increase with improved overview a American revenues, Pac-Van across our delivered all results sectors. X% to in leasing for core leasing virtually generated the year-over-year increases brief operation performance. an quarter, again of
continued results the Our growth Star containerized liquid fleet, strong once quarter. XX% driven with in growth led containment Pac-Van again, product by revenue the Offsetting business was price favorable rental at increases. and in for which lower year-over-year the the way moderate the mainly recorded the Lone softness of mix
be controls, operating cash generate mentioned through continue we’ll and we As to being the able are earlier, to in I proactive flow crisis. cost hopeful
an Our quarter improved customer. specialty to a primarily manufacturing large results posted North American operations of made for to sale trailers external the due
increased year-over-year in The in revenues driven to lease by Now our nicely, quarter but by were in sales dollar were up adversely the rates. Australian sectors turning higher two mainly relative revenues declining currency, third impacted region local currency, to across and Asia-Pacific transportation the region, Asia-Pacific higher were the up average result local was sales large Leasing in U.S. the the sector. year of dollar. to year most the result over
that through of the the decline. Our remains will new the to markets helping its a as more appears is cases number return the normalized the economy U.S. caused of disruption Royal pandemic. team It virus Royal a Wolf on Wolf customers in before the by focused
may implemented longer business but take has distancing New the restrictive pent-up more as and Zealand bit policies, for a it future. also social demand has
with challenges. but conclude, our in not without generally its line To third expectation, was quarter performance
challenging more even prove will disruption by because quarter fourth caused COVID-XX. the Our of the
our preserving closely impact the monitoring focused on safety and are employees. We the and on profitability, assuring liquidity of while remain our situation, our the minimizing
have team Our organization. to crisis we from as a management experienced, every believe emerge this and will senior is reason highly we stronger
now for fiscal financial and will Barrantes call to over year. I Chuck the for the the outlook remainder turn our review his of
