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Resale company Winmark is a franchisor that owns concepts including Plato's Closet, Play It Again Sports, and Once Upon a Child. Not in a legal document but in a pact because what happens, Jim, is our most successful franchisees, they understand that their business is a legacy asset in the community. You've got some debt.
A great mine site could face legal and regulatory pushback, drastically increasing costs, causing delays, or, perhaps, even leaving the site undeveloped. This is good for the miners because they don't have to sell stock or take on debt to build out their operations. Things can go wrong during any one of the steps on that list.
As I mentioned before, and it's even more clear to me now, there were missed opportunities in the past to rationalize systems, processes, legal entities, go-to-market, and delivery functions. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.
This performance was primarily driven by a higher yield from cost management initiatives and a non-recurring benefit related to the settlement of a legal matter, which added 30 basis points to the margin. year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%.
Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. billion of gross debt, of which 1.1 In the U.S., merger regulations.
While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. The lower mix of resale revenue also contributed to the year-to-year margin improvement. As planned, we incurred a modest increase to our debt levels to $4.1 Moving to GIS.
year to year organically and services revenue was down approximately 7% and resale fell approximately 16%. On a sequential basis, the GIS profit margin declined 170 basis primarily due to the hardware asset charge and last quarter's discrete benefit related to the settlement of a legal matter. The book-to-bill ratio of 1.51
Our finance, accounting, legal, and real estate investment teams have had a busy year-end and beginning of 2024, closing over $1.2 Orange County, and Atlanta, both underperformed mainly for reasons related to bad debt, skips and evictions, and fraud. Our balance sheet remains strong with net debt-to-EBITDA at four times.
To grow revenue and earn a full-year adjusted EBITDA profit in a more challenging market, we're now integrating rents and Redfin, human resources, finance, and legal departments, as well as technology infrastructure. I think some of this is about legal and regulatory compliance. million in adjusted EBITDA. area market in Seattle.
. • Over a Decade, Rolex Watches Outperformed the Stock Market : The investment return of Rolexes was higher than real estate, the stock market, or even gold over a 10-year period, from 2011 to 2021, according to Paul Altieri, founder and CEO of Bob’s Watches, an online marketplace for the resale of watches, with a focus on Rolexes.
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