our I Thank third you, Joseph, and quarter consolidated hello XXXX five nine, everyone. review On Slide through results. will
in drive team. As future protect talent the Joseph acquisitions, market through innovation and through tough conditions of and to are earnings our executing our support growth we noted,
for Hurricane operations the where our want First, hit, were operations shut direct with close predictive With the of Sarasota our I of the in events to safety most models team. forecasting in address of Sun proactively our Sarasota, Hydraulics to recent many regard Ian. we potential down to
geographically, economic was an just regions. over cartridge in of specifically I'm Thankfully, over exclude solid event were the exchange the quarter It's last is rates. Americas impacted. basically ship of important here, timing while that report estimated year. not our unscathed that the those from happy and to in million is impact labor with EMEA currency hurricane were foreign unable unchanged of ships impact impact that of It facilities XX majority safe and the $X.X $X.X Revenue million and the to we conditions to all colleagues the the are when due As China to from reflected the were sales valve our hurricane ultimately located manufacturing given lost note business. revenue the clearly hours APAC, impacted the the our number shifts
increases, double strong winds of In terms end market our new product growth primarily the was our significant were by driven recreational that several years markets, with digit making. in
quarter. more challenges had with supply markets The conditions drag market having we but prevented in amazing the is in year will optimal in health by industrial Gross margins operations, year logistics. in much hurricane volume. the chain on energy the better FX profit this impact tough over mobile markets and year lower discuss The We still I also diversification growth and had machinery last on a as Current now the and have declined past, in and our than and the results. wellness performance driven nice continued on and a moment. the had grew well. operations market the comparison our end rates is to
million expenses benefits e focused from partially down the normalizing were We on and the year. adjusted strategy and offset was are over for operating items we XX.X%. realizing margin EBITDA and cost margin been our Adjusted prior XX.X%. hurricane containment was adjusted are EBITDA manufacturing $XX would've that the EBITDA other When X%
through very can challenging operating We margins tier even continue to environment. a top demonstrate we provide
grew Our with a was XX.X% above effective as quarter of rates jurisdictions $X.X currency sales the on the our for and segment million and you'll hurricane Slide X% the $X.XX for the currency but in high year highlights impact exchange the constant $X.XX FX a to varying primarily down level, an reflecting On tax estimated the guidance find EPS quarter. rate hydraulic to impact of effects included for basis $X.XX expected The ago in impact sequentially of compared results. foreign diluted gap our hurricane. impacts. and was Sales tax original related range, cash estimated of XX, end second normalizing
quarter. for over our impacted by FDA impacts. Cost hurricane estimated turn delays an due million to Hydraulic the This to million from electronic resulted in XX unfavorable we profit up is there X% and Slide $X.X shipment million were $X.X the the $X million supply a to million FX of prior of from year. last Please reduction segment results. $X.X discipline segment from gross addition review expenses in was segment hurricane, shortages. this In estimate delays in amount chain sales $X.X of
Our impact on so is saw as recreational an the in foreign revenue. construction has in machinery more of the markets. digit We well electronic industrial strong growth segment concentrated as double US less currency
health Our quarter. are Therefore, new our prior the wellness the not the over rollouts product and XX% offset in sales could decline seeing market. fully net we declined year
in the expecting improved from economic are Delays wellness estimated million million, was shortages electronic and improved environment. X.X market segment because over We quarter. next year the last an shipments not supply from of $X.X global given conditions the which health
we of segment, million million flow operations. for in margin turn gross of review Please is We to in at was Cash for came cash wellness XX.X expect direct of down. continue down the light reflection in X% FDA gross sales. flow. and XX% come well cash slowdown the managed XX Slide X% quarter in were date. in as to sales XX of expenses the X% Electronic a of and generated see to from health to market. this strong profit and year the in weakness of CapEx quarter our the
three continue in be of again year X% range was for We nearly million of XX expect quarter. free. CapEx flow in to Cash to the the the to sales
free We cash generated of XX flow have million year to over date.
we quarter. we commitments. customer capital As intentionally before, deliver noted meet outpace the our competition, working and on in investing the are demand, to have In
was XXX%. XXX% cash Our conversion rate above back
XX on strong million. see to was and Total the we can growth. strategy the have end of flexibility quarter sheet for XXX slide our balance liquidity a significant financial execute You that at
to Our current selective times. on EBITDA X.X believe ratio conditions was make solid capitalize bolt net a acquisitions. to position in on market puts to leverage us adjusted We debt this
some we November, were to moment at We health turn on let's XXXX return our and annual our put m investment want XXXX, their doubled in In north to growth term and revenues I of day to and June, Slide the outperforming nearly investor Now market. longer a acquired and review significantly Balboa timing. revenues their XXX accelerating they Group our million. When XXXX, model Water in a take our around plans. wellness perspective set XX.
On capitalized trends. they the of perfectly people as much, Helios not to shareholders were investment pandemic trend deal on while the traveling for acquisition, the benefit the was consumer market timed from
end technology addition to cost In they market business, manufacturing as well new Mexico. low as the the our brought Tijuana, a art complimentary state to in of facility adding
and are manufacturing benefits expects it As our that Joseph operating and described, strategy leveraging and time. we facility over several from
know off that going such you our comparisons. normal cycle, a boom through XXXX coming currently is correction industry As impacting market a performance is and which
which We two continue of at accelerated the original to by achieve of remain to billion years. trajectory our in we $X revenues XXXX, least on path by destination our end have
quality have way the us We several goal. executed reach acquisitions our high to along help flywheel on
confident take feel environment our continue advance to have and to financial to turn very market toward of pipeline ability unstable long our continue of a We Please goals. to in acquisitions advantage to XX. term active an slide potential
to factors. our known adjusting for XXXX outlook are We down accommodate
health manufacturing market. war high of has prolonged causing Ukraine inflation, negatively that in given The fixed widely driven consumer in our the pullback global the in facilities. is EMEA economy driving issues, other impacts to the Weakness the is region. our The economy the discussed in in costs negatively than Significantly of dollar in spending. continued up continue rising the for influencing generated by economy consumer and FX war restrictions slow inflation in wellness These spending, impacting results cautious by recession. decline driven the markets is strength and driven in slowed the in directly Europe also are global s which course, are and d. energy demand currencies China costs US We and of may China a restrictions. and all
Despite can slightly execute a to a and As earnings margin, revenue EBITDA these adjusted our a and rate noted, top be lower performance, expecting accelerated reducing we all the provides This of are structure tax remain manufacturing targets. diversification while the system flow and will we it term tier line. Helios in protect confident strategy. business accomplished that longer headwinds, and remain our in cash ability will we believe bring of this, EBITDA plans. to to higher interest impact effective our market bottom and adjusted of our and the term progress Against the growth achieve also expense higher the business, and should and to long our innovative on continuing operating through the combination products discipline business
We comments. on call the our position acquisition liquidity. operating final to well integrated system of that, the our please growth. we into be With We Slide go we an for because are as to focused opportunistic pipeline a Josef drive of as unique evolution as to sales our and are continued active some sheet believe turn significant as to XX strength in company our back become I balance