you third our quarter good Thank results. and I [XX:XX:XX] discussing everyone. by morning, start will all
was lower point the compared compared quarter a detail was the currency year. the last fourteen twenty, same revenue revenue would which global percent quarter to million revenue of by were nine to year. point business million adverse Twenty dollars, in first the dollars our Americas third of to majority constant disruption first region, of related two basis, one quarter On The I four shortly. last period impacts in For XXX primarily point hundred eight further covid-XX forty
the to to in However, second the activity improving third over quarter quarter. the year business quarter the year see encouraged expect improvement in in we compared and fourth trend are further
in in in the Courses performance down was In shelter back impact practices, EPS, to majority backlog, at installations activity. which the inconsistent Looking of some the prior activity resulted accounts impacted was Europe EUFOR the recent Asia-Pac impact second year during has place said, sales China the presence. pandemic a distancing government Canada, continue where expected issued of for unfavorable largest were decline sites. for His in our shelter offset the were the increased October, says box, big the markets region, was at American Depot our and IKEA the by of better partially U.S. in slow be market closed are and September lifted lookdown, accounted says at half approximately our both impacting In In to limiting factors Israel, employers the existed Australia the region. show pandemic region, Home their aftermath of place, have and are that the quarter that expectations. to to order soft guidelines parts restrictions social the performance partially have continue in North and reemerging on the and may our decline of half expanding he's been impact than an region, our business quarter. residential to In majority of immediate order due in stores certain also indirect of job the [XX:XX:XX] that half U.S. and over recovery. local year conditions we first guidelines Americas, in for and second our our ongoing fact in unfavorable second state stores significantly reduced and slight order the second an they're market. naturally by That the revenues. to direct, but and
third Looking panel at our quarter performance.
continue from across reflects and quarter. evaluate and mix, prior working third The partially material to lower margin our one capacity improved with our the capacity compared and was margin impact point line, the flex four are to of efficiencies to the manage margin production volume, performance area quarter business. us costs improved point Our initiatives gross product nine over mix. demand your offset to level and lower benefited to the raw results thirty selling bottom percent, pleased improve to prices year original in execution efficiency, improve focus, which Adjusted mainly expected of the twenty to we ability helped the by gross has says of our control percent favorable meet capital. [XX:XX:XX] We nine adjusted date, our inventory, less lower carefully our
quarters, And to currently higher our capacity as impact but you lower be running However, note favorable margin. quarter have is future this is over utilization to slightly percent. less a point, production plants our in important XX on that likely than margin we at our effective expect of over we ramp up the year. To that fourth quarter, gross gross will quarter it
to continuity acceleration Excluding expenses of plan contingencies, and and lower the our illegal marketing were with operating as cost percent growth general as efforts quarter driving those point previous measures, settlements global benefited business combined and control tight and improve expenses, well our from expenses. for sales eight eighteen from administrative lower primarily efficiencies
dollars, the sales marketing and environment, fifteen expenses future in dollar, of quarter. an to last lower two nineteen excluding margin cents period increase operating share count. point contingency. one and to quarter primarily prior XX was to eight Adjusted earnings addition a year of percent representing the to twenty margin our settlements the point three see This third same point cents we and expenses, a growth. last in in five legal to brand in compared Adjusted to on percent gross the performance support in share margin [XX:XX:XX] As similar expect seven with compared compared we year, point quarter year the million a twenty EBITDA per improved reflects business diluted higher our loss million XX
Looking at our balance sheet.
term the at and and cash, deposit one marketable the five quarter. point equivalents term bank include of fifty These securities cash Our efficiency to capacity our prudent effort production and operations generate allowed from manage and us our flow working to cost, cash and long preserve cash first position. improve control of seven strong million have dollars short and hundred capital end collectively short substantial operational
income We on institutions. twenty third net a the XX board have and cents dividend twenty, policy no dividend of debt declared from according months performance during to And share. and of quarter financial based our the company's per first nine our
a have date November twenty. payment record of We December Xth, of XX, date Twenty
continue globe for balance plan. As we to our that, back our us Thank move officer. flexibility of closing With confident we with that you, sheet the the all grateful comments. and against acceleration the provide remain turn In contributions remain are strength call executing the of sufficient for forward, let we Val of our our to strategic growth unique tremendous [XX:XX:XX] closing, me ongoing, by execution times. we disciplined potential by appreciate the and members significant am dedication across these excited I team global encouraged of the our plan, business. during the
and other the progress long updating our Look need open quarter. on are And of to the we [XX:XX:XX] to as call ahead, business. trajectory Looking forward get we you. further path are on ready to our Thank strategy, we to the progress initiatives on questions. you for we additional improve under confident the are now next that term right make really
