quarter XX%. to Our $X,XXX,XXX an or $XXX,XXX in revenues compared fourth were $X,XX,XXX or consolidated of the prior increase year
of just they Midwest, Ag and September the in us. a Bank. better and $XX,XXX,XXX was Bank revenue local really Iowa we are U.S. economy On compared to understand partner much our is a $XX,XXX,XXX X%. bank year-end for Bank and decrease prior here business a Armstrong, Midwest we owned Our debt feel from the restructured that in they XX, away with our year,
our service our approximately and current bank to fees covenants reporting favorable $XXX,XXX for annual November to Our period. agreement over due We reduces long allows and be establishes banking bank in liquidity term more anticipate change for and XXXX for our down debt greatly improves by from loan partnership. much XX%, our debt new us our and loan our move our to
to market We and $X.X two the approximately business. our million. key continue had At more facilities bring end year our for on we to simplify focus operations
a We and sell million in of with for signed assets contract the XX to have Dubuque the impair March approximately [ph] remaining building to numbers. closing the We sign, $XXX,XXX. a did our $X.X impairment XX. was The November date
a to fourth were Canada, was effort the concluded facility that the the have product wasn’t while We able We as producing production a also we coming in that Agro our was did gain, the down the we lease to complexity here adding and came to it line presence. to, our production in that were in product was required line a sell well. significant We closing also was not really loss closed it quarter worth firm production the producing the and there income December, feel line. that end the in not and snow blower Trends or and an revenue was
have We in last inventory down to to been order the our the value. aggressively bring for working cash two unlock years
In our our our of growth offerings. and Let’s November was inventory also business simplify consolidated XXXX, $XX,XXX,XXX. product
draft consolidated period or our $XX,XXX XXXX of XX%. In about $X.X year out $X,XXX,XXX XX%. reduction close we was for two As the a inventory was or a XXXX
compared products, year $X,XXX,XXX revenue quarter for prior of increase agricultural in the to our $XXX,XXX. was the an For or $X,XXX,XXX
X% a or $XX,XXX,XXX decrease Our year-to-date $XX,XXX,XXX compared sales of to $XXX. or are
two this concluded X%. year, and year. our We successful up year. sales for than was account were or dealers that program last times you adjustment for participate take If to beet early into very were this $XXX,XXX more year order for sales compared our down our $XXX,XXX just us of which an self-propelled harvester We year-to-date had the
self-propelled are however, year last now last right two about we had the numbers comparable backlogs backlog year’s in $X.X which units million. Our to accounted for
current just XX% a increase Art that’s Way at that you and look So year. our manufacturing produces, is if products million over backlog $X.X over last
Our around engineering to liquidating affect year continue products. by and so approximately of XX% the new higher and our push And focus our for expenses on up last in we doing margins X% ended growth our X% some over did [ph]. on year levels XX% to down due our inventory
Other are the as prior due Year-to-date margins new assembly turnover XX% were compared for margins our numbers in compared to XX% our quarter year. production factors XX%. to margins growth in low area. the our efficiency Our impacting well XX% to growth were as
our We pay improving work Art’s-Way in structure quarter our instructions were our compared have an XX%. to to sales At department. made increase $XXX,XXX, for are that $XXX,XXX the of and Scientific changes
poor a X sales production to XXX The due the XXX,XXX compared year-to-date Our X XXX were million XXX,XXX and dairy only decrease XXXX decrease X sold XXXX, In to of of we of XX%. is markets. able million million we to in a in sales egg sell buildings decrease XX%. were
the XX% his animal prior due [ph] spun-off he up increase We in couple of or “increase” market. months went in the a the he last line thus We in other Mark diverse which of in we is new later December did work Tax which in businesses, when was our able see food background product Tax Early Mark result development seen some laboratories onto a base, due our Base of egg was [Indiscernible]. in cold at couple of new became have our and XXX,XXX. may extremely On to line and was career Manager, with and had to to on Caterpillar. with hire Art’s-Way by Scientific. the an XX, XXX,XXX and one purchased safety that working small were have has later General that believe increase an temperature Midwest here our in laboratory we the We XXXX. sales of the in research uptick is
believe given back good he he focussing background processes, and unique or and yet lean our with of initiatives, training dynamics those has and a some was we business, a small training waste. him eliminating on understands the initiative. Caterpillar implementing manufacturing He his time So lean has
to we that Our on of we his left aggressive leases. an then in inventory. that XX option pretty were that all XXXX speculated inventories. financing two five went research leases leases, And the buy. sale President month Palmer half variance only egg customers preparations by the well have XXXX. had see secured with second stock. of sold. that those quarter focus they talked have was have got will buildings the get final on We some year Since buildings Dan did capital business. a and buildings their have contracts time that moving or deals I and had done one production efforts we been goods of of not the half finished Two about side revenues [ph] on the will first contracts of In the second the these buildings We not rental had for now second of on have those to on five The we incur in in until with now the
take XXX,XXX do year have it XXX,XXX contracts produce we compared contracts. signed Scientific into That we lease at And a to we bit that have deceiving do was that need decrease backlog for ago. account little on. Our at a doesn’t buildings is buildings Art’s-Way to because
the XX% X% low the Metal, for At busy. million So sales we XXX,XXX the plus do XXX,XXX. XXX,XXX. still by Ohio to X do number despite from keep increased production up XXX,XXX to Year-to-date [Ph] to quarter million were for backlog X have our sales factory from
Our have in XX% XXXX improved growth from to margin in XX% XXXX.
offset in peaks standard speciality and on side. valleys of growing continue to We our the focus order to efforts the departments the
We XXXX future. a We be service focus year customer for on year. and an product our for believe of industry. on business increase development investment us speciality the speciality the continued on new the of have in in seen difficult through we our side fiscal year side prove for will increases anticipate an and our XX% next the to sales was and our
Our focus up and on resources. freed simplifying inventory our reducing and management business both cash has
our us reduce service debt the flexibility [ph] debt relationship banking our expenses. will our improving reducing by new The property new further carrying of our Our will allow sale and liquidity requirements. much more
We optimistic cautiously are corner. we that have turned the
being will on and new We market relevant products our in to continue space. focus
image also and and dealer service continue through Our relations our to a customer be quality. focus
are Our backlog for that a Ag products stronger. and ago much the is also associated stronger than margins is backlog much with year
move forward service believe drive you. I’ll will to have sales have our opportunity our taken quality, our turn improve. the operations markets efforts on focussing strengthen to our it costs and out as years core we struggled be recognized productivity we to these While We few while past of customer Marc, business. and over over
