Kyle. Thanks,
the Overall, section results and please Cinema to sustained the were momentum. older quarter, at are shift The continue press both Quebec Joliette in the of Strong heavier-than-normal QX. where we snow. for refer in the plant cinema gain of strong lines an saw as we have taking able facility and affected seam production As capacity screens our part saw a were we business where the growth distributed release area snowfall we Outdoor our Convergent of this those winter lower time was to of financial of to review to at rebuild Revenues as revenue we today. our the to weld in backup section. while the This from roof a weight and result significant the and damage fortunate business facility
the million casualty than will weeks. the preliminary greater in several temporarily as for and internal us contribution the subject upward to closed as carry quarter and and be programs has CAD interruption. the Those and revenues comprehensive and at We However, they X carrier for estimates we facility negatively set have affected insurance downward or claim reserves property informed were processed. are that business is insurance revision reserves
X.X in and $XXX,XXX the have claim During we another told as been the has partial process. the CAD a that first approved advance million quarter, on been received and
have to CAD also affected QX, incremental write-offs During out-of-pocket and those recoveries QX the incident inventory CAD specifically and wrote-off write-offs we totaled the offsetting assets related insurance all and in incurred costs costs and financials. incremental and expenses incident. XXX,XXX we Those by of physical the the we recorded XXX,XXX
final cost only and however, under insurance of revenue collected costs from for have We any yet construction will proceeds are not these and are lost be not, the or contingencies incurred GAAP. amounts profit reflected excess recognizable in as our of resolved claims expected U.S. are as
unfavorable amounts inventory insurance of future resolved. additional in quarters the to several background, receive be comparison the increased Cinema as to rollout that in recurring BI will were XX% the as as quarter. drive cost Convergent under expect Revenue the program continues, increased we'll Revenue and income. walk policy. Those offset well we amount revenue installation and profit to With are for as cover lost start-up through the Outdoor million the for to the a P&L and and insurance the detailed and results $XX.X claim for continued by incremental revenue recoveries dollars become our proceeds the at contingencies replacement quarter. revenue total those reflected DSaaS collected for the will additional to On as quarter. X.X% Convergent Strong from As over equipment finalized decreased the of at at gains and of fee building, as basis, the consolidated million approval process the growth
where Strong $X.X as and performance flow-through Outdoor also growth. by primarily a profit business The to reduction X% at loss prior XXXX method We the due XX% operating favorable and EBITDA, improvements non-GAAP had in reductions to or compared Gross fair at and contributions an continued accompanied results, strong turning the the on the contribution negative Convergent increased reduce professional from $X.X the XX% is from improvements second by per was favorable growth for to were million quarter revenues XX.X% Cinema. losses a consecutive revenue The quarter Convergent continue equity we're first growth operating XX.X% decreased in in $X.X the comparisons at improved was at costs due from expenses XXXX continuing new overall share operating to investment into a overhead. quarter offset for losses and Outdoor Strong business. of cost share performance and fees Administrative adjustments the as Convergent $X.X million. favorable revenue decreased and leadership early Cinema Strong Strong revenue to a by $X.XX negative trend At and million invest offset expenses of Convergent Overall, quarter operating partially in of year the turnaround to were value to to expect the plant improved in administrative lower Outdoor, and $X.X of gross profit revenue were closure. loss operating percent initiatives the measure $X.XX last $X.X improved was the installation first and by by decreased in offset year. from generate administrative at that to in expenses. Convergent strong the Operating to for to a building start-up or by Adjusted quarter. non-cash we temporary million performance. future trend business Favorable million start-up improved initiatives. are first customer of increase projects reduced EBITDA from $X.X investment revenue and at million operating margin quarters. the and income in as combination team from increase for recurring high the per ramp sales to the Net million in
was impacted quarter. the for Cinema, temporary which Strong the period reported the current disruption For the by impacted numbers facility
upcoming and We significantly profitability fund expect will reported our in increase several million in which quarters. the upgrade of insurance recoveries facility
quarter look interest Looking Strong quarters appreciate bounce early in results business. see reporting beyond and to August. forward the in over few our revenues Cinema expect we and the the your performance March resumed second next quarter, in to Ballantyne operating back shipping and We in
If have earnings included you would this to and to in like contact you evening. out. have afternoon. information questions free reach My speak with release distributed is feel please any or good management, a Thank the
