fiscal our morning everyone. financial Kevin, available will during Kevin’s share referencing on part presentation get second excitement on you, is volume our as discussion, and and sales our I’ll the specifics the growth I of Throughout be I’ll Thank and good published performance webcast the more into about quarter. my that and website.
worth actions of $X.X valuation a QX on This of income related we divestiture compared second ability this optimization $XX.X net company’s of tax $X.XX and quarter, part of certain Reform. net we $X.XX $X.X earnings X Tax of H.R. also quarter REPREVE and and of income year, net year, historical For was share to correspondingly included last QX that the million saw per a operating a loss it’s In the $X.X diluted to second million The are to due XXXX. to of per fiscal reporting benefit million of share million ‘XX earnings the losses. tax reverse allowance renewables. diluted noting not
EPS a was we slide high-level overview Excluding of those to $X.XX $X.XX our items, results. comparable show adjusted of period two the year. presentation, On in X these last compared
for to the and of volumes investments impacts raw these that gross our generate fiscal debt. $XX.X higher of compared and capabilities we that million fiscal rate mentioned and shift earnings diluted the we expected material provides share from corresponding of The driven September the a fairly similar you but floating and half now can are higher primarily have $XX expenses $X.XX million strategic the Kevin million include do valuation of most that drivers saw XXXX rates and Separately, Here similar we first XXXX. benefited $X.XX and net impact share performance and income second income Slightly costs customer per driver. per that by see increased from fixed earnings you stemming $XX commercial of mix can positive per sales offsetting X quarter margins from for of allowance the higher improved expand the for earlier; see relationships; in year-to-date, to recent lower diluted the marketing; quarter our each reversal. walk are America second net Slide Parkdale our quarter. where reporting to interest share planned in SG&A the were,
gross to which and operations. the highlights our slide sales Turning segments on Remember exclude X, core that quarter. the here the for discussion second you see focuses can ancillary profit
consolidated quarter. fiscal driven X.X% volumes, selling polyester segments. roughly of primarily in revenue the which X.X% again million quarter and Offsetting You the international by $XXX.X and the both volumes appendix this lower impact the segments may $XXX.X strong were This Overall, refer XX.X% experienced mix metrics. an during average second with XXXX stronger to million from prices by higher period. combined of to our the for grew year-over-year was in in increase the driving especially
an Moving the XXXX, profit by increase in profit. XXX decreased to QX however, quarter. basis We gross saw margin from points gross of second
segment, by operating up our margins. impact resulting lower mix, up polyester raw here, expanded are the ramping clearly gross materials but performance were or associated raw of cost higher recycling and sales terms which in evident with still In of operations,
the the exiting nylon primary international margins segment continue While gross in were In basis over we sales despite mentioned the margins of improvement we strong shift top year, down our improved growth, year the Kevin points driver mix effective. the margin. in was mix nylon earlier see saw and declined cost XXX by change line to in sales
this month. respond As rise our pricing cost noted to raw in Kevin the have begun through rapid starting we material also actions to
So, the the a the little remaining to price themselves increases will time of business. through rest take work
as to As recapture the back, result, materials the QX lag a lost impact our expect nets case inherent material the business. some the that these impacted of In profits over would of prices we raw long-term. pull raw
at our multiple of to which nylon affiliate and for this America a last much but side Slide improvement the see that XX% year lines, last of at had level to $XX.X Parkdale date XX% reviewed ventures loss earnings consist in two million year our relates considerable $XXX,XXX that There we to in balance in Turning end we was joint X, bright increase and in $XXX.X highlight $XXX,XXX equity The I Parkdale higher the performance an our June. $XX.X pretax a year. above December shows Slide to of On joint pretax quarter. ventures affiliate over but moment. the challenging million company's the our interest working derivative $XXX,XXX ownership distributions The supply domestic materials adjusted the increase the was looking unrealized highlights, at Parkdale to time X raw capital the and some operations, period million September than will headwind the quarter spots. here of loss due losses. the and was equity experience nylon the same sheet
capital or basis XX.X% December XX As was range of of expectations. remains last in adjusted our than and sales, less year a percentage working points
of During boosted to a quarter that from year million after equity in distribution routine $X.X our a distributions also three worth million It’s while of date received period the months close. that are July Parkdale total the distribution we noting received we by million we $X.X Parkdale in affiliates, from received a XXXX. dividend from $X.X
using debt million. lower debt total respectively. total and the $XX.X would liquidity, have May period at that net and we LIBOR of revolver the million and million like from ended debt spend company $XX at of and ago to also fixed of effectively million from year on July $XX I note CapEx the is principal. our of XXXX current interest a with position, Moving debt XXXX swap were on Parkdal, in principal million million our debt terminate liquidity current $XXX.X net the in the and Net to $XX.X dividend account availability $XXX rate X.X% approximately XXXX June million down $XX.X
we and positions still million our $XX.X program. remind on remaining debt Looking cash beyond share that have our authorized I repurchase to you and
with levers for fiscal update to While considering drive on we prioritize investments, financial growth we long-term value. to Working our remain open outlook multiple an XXXX.
forecast our earnings are As fine tuning the you today, for saw financial fiscal year. in we our release
our volume fiscal to the our expectations range. mid-single-digit low top-line have growth First, to thus percentage and our the exceeded are land and year during first growth expectations half revising the in we revenue single-digit of
on raw percentage and result growth costs our America. fiscal to a the income this first we operating to with and broadening line the earnings saw importantly as the half are income arrive Parkdale, mix and of issue XXXX expectations, period of mid-single-digit fiscal operating excluding the However, rising material flat earnings we in on excluding growth broadly more Parkdale year, through
we excluding of excludes in our This We CapEx tax from ongoing XX% to December’s continue mid H.R.X Reform. expectation tax changes significant $XX impacts the fluctuations to associated and million, rate periodic Tax effective with range. $XX expect our are optimization XX% mid million range lowering and the
earnings, the a the back rate Looking US Operator? current rate. tax expect expect take will to lower Reform significant of a ongoing will our not for our overall With mix said, our impact to forward, This change be limited liability on rate call of did the impact now based the the remeasurement to go consolidated we Tax tax does on Based the enactment but effective turn tax review. concludes in sizable of our have corporate step that currently business. drive H.R.X operator significant. over And not your from we I questions. financial position the deferred benefit forward change
