Good morning, everyone, and today. for thank us you joining
a a fiscal year-over-year easing the chain XX.X% to with increase year-over-year Throughout across demand some for quarter, call shipments. markets, our today's sales quarter XXXX. the highlights. higher fourth sales in This constraints end supply experienced begin with and for we products XX% Let's increase for and coupled translated strong
favorably XXX decrease for flow free XXXX. the of point in outflow was compares for cash basis to operating million year, fiscal margins XX.X% from improvement and a and quarter, the point in cash $XX.X which was year's flow We the sequentially. $XX.X historically cash margin generated high last which basis XXX Gross million
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a Veth The its primarily continued XXXX fiscal Northern record-high beyond Asia markets backlog, result and its expansion business a to North six-month ended with European America core Pacific. of
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execution opportunities to are we improve our Looking growth. drive innovation, accelerate further evaluating and ahead,
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shortages bulk continue. the steps components supply and seen materials continue. taken of term. by have believe trends these have Disc in off will constraints of quarters constraints long mitigating that treatment key To headwinds to certain we faced and prior Twin subsided means benefit have will over The be the chain capacity clear, a as alternatives paid We incorporate these and of the
future challenges in to address are head we operate on. uncertain However, ready times and
we explore we Through commitments including great strategy. done opportunity, team our our each our a and with puts has to points, the vantage and takes from actions on fronts. XXXX, progress fiscal our long-term need job making As align evaluate how multiple both
and will enhance shipments, equipment, footprint. Disc reduce continue modernize and times lead contribute cost, all We is of to has improved to expected geographic of lower lower continue and our deliver which processes for all results to inventory, facilities, value work Twin This for shareholders. and rationalize better legacy our and
and progress on group several in systems and having I'm transition we to I'm Industrial partnership, especially Propulsion projects. Marine with the XXXX, and Rolla e-frac our hybrid to OEMs the market. by the electrification As also bring excited is and offering fiscal systems to area encouraged Veth opportunities our
that, over to Jeff With turn now I'll financials. discuss the Jeff? it to
