Thanks, David.
normal business we And best segment segment have performing Retail that as the segment island in operating become our our and normal performance water Cayman. and to more XXXX. was directly up mentioned, opens vaccines challenged tourism. in services administered, segment Two pandemic PERC our expect performance that retail Water segments led year David consistent more widely continue to by the of as last and Our believe Grand of reflects the been PERC for again return we of manufacturing. eventually impact tourism on will
Our manufacturing of is based is our a manufacturing Aerex primarily Fort subsidiary segment custom Industries, comprised Aerex Florida. Pierce, shop. entirely in
million its So business those for had in project our than cycles first we became $X.X term significantly not in fully shorter manufacturing result the expenses has been In These with intangible by in contracts decreased the as segment decrease affected of interest a assets amortized XX% other expense are for G&A acquired remaining of business manufacturing in associated of by pandemic. the Aerex. segments. Aerex about our initial This early and we acquisition assets which quarter amortization certain a the not XXXX owned. XXXX. XXXX, in
our quarter to Aerex’s largest October it related of previous us expects in due as However, purchases that factors. we until customer suspend XXXX – to the its last suspended calls, informed inventory has first well, discussed it management
anticipate purchasing and manufacture can't been the second of which two was lost in steps at begin of Aerex will municipal of the the targeted was we the awarded by for and Meanwhile, products, other contracts that make recently While taking we manufacturers customers. our products, the and to in new water Aerex shop do other we've and will Florida, of replace Aerex sales treatment production guarantees, production in any – projects customer to this will other this of earlier one XXXX end QX month, anticipate month. this XXXX. this third awarded existing had sales just year. resume projects that in quarter project We last begin revenue awarded increasing
the quarter So we positively contracts manufacturing of second revenues this year. in these see impacting beginning our
also commence or we’re plus XXXX. in in are late projects XXXX manufacturing additional early targeting And obtaining Florida. likely We successful these in this, $X would additional three million projects if
our and a With of Now about comprehensive emerging solutions infrastructure, water our for mission, reuse overall and pursuit existing our of its has services water little supporting suite more projects business water treatment bit other PERC strengthened opportunities. improving business.
also Arizona clients one-year three negotiations terms wastewater we we $XXX,XXX, clients October the in treatment of year, component PERC serve. in ownership additional maintenance which renewable water, additional acquired XX%. competence operations positive profile and revenue performance to Securing Angeles maintained recurring Such and third renewals and California, and Los obtained interest As in a demonstrated California. begun in typically new for PERC in to including contracts PERC from to XXXX. four three PERC an for three PERC various in the for operating quarter agreements, completed operating PERC In advanced PERC Last has this of our XX% controlling its the operations principal a those provide markets. another Already services our this years. during and acquired increments five facilities year, and last of since segment, has our contracts and water XXXX. they markets commenced increased existing granted our year, contract in ownership high growing
currently and wastewater and attractive their is significant courses. through in are that reclaimed the and resource provides rapidly facilities harvesting their conscious project in growing delivering with are building in and in potable include potable track solutions municipalities in a experience, to advantage a wastewater These treatment We California private wide range and California record irrigating replace of clients. discussions are for to that excellent model that golf golf market. courses sustainable wastewater reputation this clients immediate problems. potential operating water successfully and water clients designing, market to seeking PERC’s believe delivery with very existing and looking expensive of competitive its projects PERC’s landscaping niche We
Central expanding making into PERC’s We Florida. are progress also business
After bidding are new in us these in We cancelled are already excellent client know and finally Caribbean water manufacturing expect long that leveraging is is was for leveraging projects by PERC region. client a desalination reputation with drought, Mexico – infrastructure the following natural and region of activity last some already the base seawater synergies Aerex’s opportunities. year. and in carefully are project to have June capabilities we the Those our Aerex’s seeing PERC evaluating
all this the will recover matter it client, courses We how to this project. and action is remedies quickly, are investments rights long We available a our take. pursuing difficult our and legal say enforce resolves it of now hope but in vigorously and legal to costs to from
or Rosarito process matter unless resolved legal the planning timeline, we're address of to a unpredictable need the the is special Given develops. until not topic again and
to the that footprint. M&A and potential one to ahead fire. year We have hope will looking in end the actively the are our U.S. of acquisition remainder irons front expand the this least several year, the we of through Now, PERC at evaluating before complete acquisitions on
to solutions and with diversify products For discussed existing XXXX, we as our Aerex’s new the expect to down be as segment and of we first manufacturing quarter customers. continue
business We see other segments at operate to status our to expect continuing quo.
from on growing perspective, the to tourism completing Islands. replacing certain markets emerging Overall tailwinds in operational and market by manufacturing we're not and and never have the focused been discussed revitalizing our possible and this post services businesses return, from pandemic particularly However, the for we're stronger. revenues reopening actively waiting see around we financial of an strategic loss with Cayman acquisitions. tourism we But
than we serve. have the We utility be have and debt continue through our the all, as provide business that to on business will great no projects resources to the increasing liquidity more we develop partner value we our above And focus privilege capital to organic to growth, plan will a where ample for new solutions We to substantially and expand to and we water and acquisitions continue that shareholders. further offer. expand communities
that, with like Tom, for questions. open to So the call I'd
