John A. Way
Vicki. quarter the third million, increase was XXXX. $XXX.X you, of Revenue or same in in an the quarter Thank $XX.X over million XX%
Vicki growth Rapid third in of As benefited quarter our million quarter of from the with the mentioned, of $XX.X sizing, Manufacturing. XXXX. To our revenue had revenue help approximately this Rapid business acquisition
a growth Foreign currency representing remaining $XXX,XXX was detriment organic fairly growth. the representing with the negligible, quarter in
a revenue greater this quarter. of to standards accounting ended the resulting recognition In recognize favorable impact third revenue standards the addition, the we new the had in-process accounting beginning than us began on in quarter These to million a backlog benefit. quarter, adopted We require $X.X net with the orders. in XXXX revenue revenue
in a puts majority compared point results. profit embedded other about year. gross $XX.X quarters, year. that this with for for was the the consolidated are the of prior to we the year-over-year of the benefit an to XXX-basis headwind and There Consistent third reverse in our XX% in improvement sequential Gross takes XX% comparable XX.X%, few second fourth margin change. quarter quarter expect a our a gross Rapid accounts margin the had last the the reported to quarter. $XX.X increase the million, as over of was prior from million Gross We quarter quarter, in margin
in drove gross and our we through cost First, margin Printing growth, management revenue improvement additional Europe XD in initiatives. services
for sequential side, a to we of Operating increase. On our was $XX.X or third in the our the totaled inflation the net flip XXXX. wage gross are XX.X% million margin total impact quarter experiencing revenue some markets. of Overall, expenses
XX% anticipated. start in favorability our during a last some in in revenue basis, of into the improvement with XXXX. third expenses guidance the expense quarter the our The of than These XX.X% XXXX results and than the and rather of compared pushing XX.X% from quarter last were As in the revenue, was as of quarter third a driven timing were driven at quarter On of XX.X% revenue, by operating of and high-end coming an the to quarter, XX%. third XX.X% percent range. to revenue, also expectations, lower the Sales XX.X% was favorable this dates marketing quarter's was of our during by hiring quarter. non-GAAP partially the QX second
We are resulting teams our is in productivity sales that improvements realizing expense. leverage in of this
tax in of amortization, for stock-based sales a revenue percentage was than However, is in our future the of revenue XX%. of XX.X% was the revenue operating operating quarter XX.X% million income quarter. of to in in our a On XXXX. million increased third earnings, expect XX.X% compared revenue prior or representing third marketing operating second GAAP XX.X% to and our million income and Adjusting revenue in of the compensation quarter or of XX.X% we down XX.X%, growth $XX.X non-GAAP $XX.X the lower as quarters. growth a in non-GAAP basis, $XX XX.X% adjusted year, outpacing from or rate
unrealized of During tax audit prior uncertain IRS share basis, diluted the compensation, these combined in tax The gains, the revised per XXXX of after-tax income positions in we the over to the the in This quarter non-GAAP Adding quarter. for for completed tax audit resolution totaled back R&D of earnings of tax rate resulted net of XX.X% per currency On IRS $XX.X reporting the lower outcome amortization the credits representing resulting quarter, a $X.XX, years. share for increase GAAP completion to XXXX effective costs year. $X.XX. million, earnings stock in audit a resulted an guidance the diluted our periods. and favorable foreign was the the with related intangibles
range, of per the $X.XX top quarter following adjustment, share to Revenue, earnings benefit. were for due guidance guidance end range slightly including share recognition a the was our above the factors. Our above per our revenue representing the
expenses of $X.XX favorable resulted share certain rate a benefit. share in to representing tax Our projected, primarily by a we benefit lower driven our earnings per the share. of below the were audit where other IRS timing per partially hires per to effective results due expenses, The quarterly $X.XX operating and
flow, September continued the securities spend support well third We at in with in XX, new $XXX investment global from additional on infrastructure. the systems $XX.X Park Now million, the CNC a of quarter. the turning in in and we up $XXX equipment investing quarter to growth, million the IT last million generated as as end during ended from Brooklyn and marketable quarter. cash our our business, facility particularly million including cash and balance of quarter cash $XX.X to Capital was operations in
currency seasonality negligible in our XXXX the a have the Now more also the the I'd have range the of like will guidance growth Rapid December, of on or be prior fourth recognition tend to we we Within expect impact compared business to currently results the quarter. impact quarter of the year. $XXX to revenue QX entering our in than financial million, of the fourth expectations QX for year-over-year we backlogs revenue range This will and to anticipate $XXX Revenue XX%. foreign to experience revenues the impacting million historical We end We $X XX% having results to at QX approximately provide growth for estimate of will Manufacturing impact negative change QX. rate. in patterns reflects of sequential included factors. following estimate the QX of compared month to a million. a in This our have XXXX.
CNC impact new fourth share estimate per of bringing sales earnings marketing quarter our per will be an including share. our facility third costs, to cost of We levels. into Moving $X.XX in operations will the be operating plus facility we'll expense, have than to the new a and online estimate our move moving $X.XX the We quarter. higher guidance,
to of and the in amortization of stock-compensation will We expiration effective estimated for This include includes due tax uncertain positions limitations. to add-backs tax $X to currently approximately non-GAAP of quarter rate million resolution tax benefit costs to a related of XX% non-GAAP be rate estimate Our $XXX,XXX. XX% statute our the QX. approximately of the
tax finalize quarter. reform we'll addition, XXXX the In including the return, tax during fourth our impact of
initial expect fourth handled the our result reform non-GAAP of to expected XXXX. is remarks. $X.XX approximate That impact impact share an per per arrive our we in This tax adjustment tax be calculation to share will results, final formal result consideration how in $X an the million of with compared we of benefit Taking reform in quarterly the above, and between the estimate. to as to favorable non-GAAP quarter. included be concludes Our into EPS at our tax our all $X.XX consistent
to Now, and take Vicki happy you be up the I please your Operator, questions. would line? open can
