XXXX we overview our the will and of then CFO, our I fiscal today operations for discussion a fiscal appreciate morning Good you Barrantes, Chris. our us a quarter of first remainder our conference year. brief you, Thank year joining provide Chuck begin financial the outlook with for will call. and
for up Following his remarks, we’ll questions. open the call
provide ongoing continues company how I the update an Before through to our to on our want I pandemic. manage to turn global results,
customers employees First, foremost and and safety to remain our of reiterate our physical I that health our concern. want
other, of it would essential and our the employees to our continuing these of an business, what thank support our our customers open operating maintaining personally remained our level I to service dedicated safety each expect. practices communities challenging do under As locations all work for while times. customers like flexible and during takes same to
and our our Now pandemic of an that results, these the challenging be would to COVID-XX our results overview first expect impact challenges, quarter expectations. our negatively we exceeded turning results. Despite
pricing leasing X% American core was growth product remained perspective, increase the see all and in level offerings down others. Pac-Van in sectors in product at revenue Overall, across operations experiencing and leasing some of X% continue ground revenue our with but rental year-over-year a modest core a demand to solid From in products, declines total highest year-over-year our only year-over-year. increases North non-liquid offices Our both with mixed was demand volume. containment
declining held quarter, less up in than relatively expect well product business year-over-year. We X% the sales our
is have softened uncertain expected the sales. COVID-XX-related some with Some offset somewhat segments but as by economic environment,
such Going events. will business, forward, we our special starts these construction as impact trends and monitor that nonresidential continue to
We many delayed of and and not entirely. these canceled are hopeful are events projects
with containment Our which primarily Star, Lone is activity uncertainty continued gas liquid the pandemic. market reduced COVID-XX business, consists in of aggravated experiencing by the and customer oil
remained production utilization we experienced both levels customers’ continued pricing. pressure in the and our and During low, quarter,
costs measures We have implemented without control our service or levels sacrificing safety. to
we and downturn mentioned period before, customers. I emerged the new well us served As with this more that as from business in strategy last from existing
the will improve. We conditions hopeful are
for when well are prepared to in expect ongoing these market this blue-chip We be positioned the to and our customers serve challenges primarily sector normalizes.
to the primarily and ongoing the demand by containment tanks, results manufacturing operations as operations. GLO for Pac-Van’s sales specialty expected, tanks from posted reduced somewhat offset of leasing liquid Our American due for North quarter, lower modifications
hit Asia-Pacific Zealand driven by adjusted region, was to EBITDA both in modestly were and to a Royal the and U.S.; of growth year-over-year, as as sector. the the from utility year-over-year sale the second, the sales business-related follow-on factors: revenues Wolf the higher hard in a due and number mainly first, economies pandemic by New turning haven’t Now Australia
exposure sector; strengthened against reported Additionally, Royal and between to revenue adjusted a providing virtually the finally, lift periods Wolf no is Australian the dollar U.S. and energy EBITDA. dollar the to
general, New the normal. In to be and the by the region, way and caused conclude, XXXX Australia are Zealand are the experiencing across expected and as and which year in likely caused COVID-XX, oil team Royal remains Zealand in challenging the both forward. near new disruption because COVID by returning particularly China, our and its appear that helping as should get renewed fiscal the countries remain both pandemic economies term. the Wolf To business particularly customers disruption will economies, New Our economies to Australian also going recovering low cases remain in the gas sector. growth the focused on in benefit very ongoing through of Asia Both
remain business impact We of continue to monitor profitability assuring and units focused preserving our liquidity the safety employees. our the all of while minimizing our the our on across of situation and
successfully through to economic ultimate unable challenging past. fallout we’re what in the by our management duration times navigated While the or predict severity the of experienced caused team has the pandemic,
cash model, ability business us by free to provide enhance fleet debt, with did requirements and resilient Our quarter. which with containerized long anchored maintenance first we during the lives reduce low economic very flow and the
to continue prudently, our the making will have discretion acquisition and we high when of manage where investment capital degree CapEx decisions. We allocation
strongest turn our the fiscal from for also Barrantes ever persevere Chuck We well are the for this year. to positioned and eventually the fortunate had financial financial his liquidity will of crisis. in position the emerge and and now to company review I over and outlook we’ve call the be to in remainder
