These were partially offset by lower incentive compensation, as well as reduced travel, trade shows, and other costs due to the pandemic.

Mar 1, 2021 / receipt, needs a key / Matteo, CFO | earnings call 2021-03-01 | transcript f0b6a923-8d06-409e-b85d-50262a47fb3b | chars 21665-21802 | segment 22

And then, you know, one last comment I would make, I think, overall around the profitability that the team was able to deliver in the third quarter, I would say that I think what we achieved, you know, the 31.8% gross margin, DBI rate above 19% is really a proof point of the the profitability that we can accomplish as a company as we see, start to see improved revenue, and we continue to focus on sourcing excellence, driving productivity at the factories, and obviously tight expense management.

Oct 29, 2020 / receipt, needs a key / Matteo, CFO | earnings call 2020-10-29 | transcript a7fce5b4-c074-4d95-b275-676a6a28792f | chars 21545-22044 | segment 21

The year-over-year improvement of 4% was primarily driven by the impact of the divestiture of GPT, lower SG&A due to decreased headcount, reduced travel costs, as well as lower consulting and R&D costs.

Oct 29, 2020 / receipt, needs a key / Matteo, CFO | earnings call 2020-10-29 | transcript a7fce5b4-c074-4d95-b275-676a6a28792f | chars 14142-14344 | segment 14

Now, please keep in mind that the reduced operating expenses are also a result of reduced travel, trade shows, and other activities which will resume once the COVID restrictions are lifted.

Oct 29, 2020 / receipt, needs a key / Matteo, CFO | earnings call 2020-10-29 | transcript a7fce5b4-c074-4d95-b275-676a6a28792f | chars 14428-14617 | segment 14