gentlemen. and you taking appreciate dial phone ladies the We the Butler listen about Thank and you, National. morning, Drewitz. Mr. to up Good time
over of ended can and and by press was million the April $X.X up $X.X We revenue have exciting quarter as quarter XXXX the at looking release had an one XX-Q your XX. up and million tell were from quarter that you basically
row. other had well. income coming nervous in and Get along are are successful a pretty about or three following our quarter revenue year sometimes our they that and in we’ve but each actually two a So,
million that versus did Let’s start you $XX can at see and $XX the the than previous year $XX quarter out release and in all we million looking by the million press ago.
XXX I in minute versus XX-Q about from versus notice ago in tells million our a XXX call you Our the all I it and operating obligations July your leases. went in and April, for to a and in year – XX XXX new $X.XXX would million was adopt income you $XX.XXX accounting million and $X.X number we Footnote talk will have kinds attention capital leases of provisions the long-term
are to be the because And most aware here in of numbers got so, that adopting you distorted of information. that that
we as those cover forward. go will we So,
spent year quarter quarter, can April on you and see in $XXX,XXX. compared to this we $XXX,XXX compared R&D a the here, As ago $XXX,XXX ending to
to the So the invest product R&D we in line are to continuing fresh. keep
press you think up Professional On the in pretty X% basically China We Page with the increase is XX% and economy policies X good release of X%. the see out oil-based increased in Services agriculture and there bit under and products uncertain current Services Professional a situation. little basically Aerospace the agricultural that that that’s an
went from compared we to $X.X our margin X.X% $XXX,XXX income talked as net million, and Our XX%. operating is to
shape. you you in cost, material the is fixed basically you Aerospace basically goes good labor So, money but in that once it’s the There considerable real are you the and cover see quick. the bottom-line cost to once overheads are minimum cover
project of X out paragraph $XXX,XXX Also, release, on pointing the third developments. in press the the on Page
say, the at by on distorted can those all are XX. I and numbers Professional You like look Footnote Services they
by not revenue lease as and say, Services. which that’s in I increase X% the Professional the are significant hangar good increase as the XX% got is lease, a distorted. and like not one revenue down is below very And in distorted Aerospace Although they has nearly in
We year. from million, $XX.X increased Aerospace from $XX at July in good previous year with that. roughly ago. pretty $XX.X progress. at were Like July this million million So our from of hanging backlog think income there our operating XX a to is pleased as $XXX,XXX that’s We million XX $X.X year,
And $XX.XXX that April of shipments up we and that’s $XXX,XXX from $XX million. XX, the at had
say, So, that’s not sales shipments, I it’s should it’s revenue. total
see we positive. that’s don’t We see much very And anything as at here. I have really this point. that changing Aric
can later had Aerospace, you if sales, about we need those If questions we on talk to. about
with there and couple to to and I major at investment investments about notice rework think had million be million $X electrical a we have $X the and between XX-Q some on Those cash at some we should in you’ll have a capital $X coming systems. position we can itself the now up do look we million also trying to million Hill that. where do board Boot
don’t had occurrence. have Garden at we we or power cuts an storms to that and or brownouts those else. We’ve all somebody had – lines somewhere us [ph] cost about the So [$XXX] $XX,XXX when City between occurrences
we to fix Olathe about million capital to Arizona. in increase job Avcon, some got plus to capital in doing we’ve million here of some relative need investment and investment $X and BAI money doing to are are job spend that. So that’s $X.X we fab we
two. are we looking in next investments to So, be the $X.X on year at spent million $X million, capital or
hundred and to as new you present [ph] of million and value use, land sheet leasing. far a under is accounting right – will the eighty. what three is change. purchase called the building. plant item does] finance, we lease, equipment That [It see goes, a of forty of the not and theoretically the six balance That As property would are I
go bought then like distortion of the interest it depreciation, a the income plus that have money accelerated have. if what will the more of because and cost than look representative will we’ll greater is should on get to cost. lease it’s That fairly and it’s actually we turn but that through it around the the thing, So halfway would it
is just us. sure to anyway, bothering one So, you that It’s just if make study We that want need no you. not to bothering really it’s concerned.
lease $X,XXX,XXX finance a per maturities, there Under number. SEC is calculation you of liability, Compute current is the requirements. which that a current liabilities, notice
covered Footnote in XX. of also down probability We $XX,XXX,XXX, are long-term have a below lease those both
the next we depreciation page, it’s summary lease expense expense interest its to is paid go so – you’ve And amortization. by lease of and really is is part payment. over in got If valuation, is revenue, that cost course, the and revenue that’s of distorted $X,XXX,XXX big Professional which Services and to long-term of there that as
some So, distortion there is there.
you distortion If will $XXX,XXX and overall decrease that at the income. total the Footnote net is you Q, look see about in XX
So, I think important. that’s
ought but the we is finally into rules. just put got do I don’t be thing think the numbers. necessarily what We to We glad doing, set we we the didn’t that we agree are accounting. that
wonderful. where moving That’s think on the it we goes are XXXX-XX is it as that’s Footnote everything And Topic information, we and on really that in far got happy So, Leases auditor we it. moving. It’s XXX our direction ASU up anyone we as are I by filed financial and if wants following approved XX. are to is that
and the something the there moving. answer moved of to we questions and in that’s lease and of of lease, and for get bit. buyout you the contract years, the believe the It’s are extension extension If I little buyout the is, to slow actually contract two. maybe on last the extension fact the the or the be but is keep the month don’t we’ll or answer seems lease, of is, of next a to moving happen X.X saying me, but you that the
where to Thanks of know basis. this and at the buyout seems point. a not callers we be Financing it on to we want fairly regular major problem stand
are going So it’s a they good to that say money. loan thing. any us I didn’t
That is their just interest.
think, with here take comments. any. time and unless for So, patience. us to this I big calls don’t room in any somebody probably that, I has your I think see And mind that’s the question else everyone’s I in it’s appreciate
safety. is going in Arizona Craig to flight
time any have comments make want to you if you over So, here?
