We suppliers, partners importantly within $XX business reduced a appreciate team to start in delivered the made markets. guidance a heartfelt in Thanks, Helios to thank further a quarter contending you our nearly as We by We range sales hit improvements us like customers, over challenging $XX million. to and debt during advancements organization. with cash welcome would call made the Tania contracted joining for business and and period our the generated global we while everyone. our million financial profile. quarter the today. and for the We solid with I you
is we capturing three-fold are honing validate as cash strong managing enhanced to priorities. costs, our around inventory, the generated working from operations capital These Our and unlock up results discipline progress efficiencies, we making capital. almost with continue
for down We from on to ratio also had have meaningful X.X costs sales transition. debt debt primarily margin leverage drive utilized align productivity, reduce the the our EBITDA and to and effort current to cost realize input expected lower reflecting adjusted officer the times. conditions, the improvement consecutive manufacturing team's with costs, our excess brought We quarter cash reduce net fifth to adjustments
Over hit shifts direct a within made shut Hurricane here it We through we the were of to each two two cumulative hurricanes for Florida, of every XX blessings and our injury. Hydraulics member of count can faced storms. down without because Category other, course the Helios weeks Milton. Sarasota in these three including Operations by period, two-month throughout Sun X a teams
pulled through manufacturing XXX% additional we well. All Sarasota relatively before repair of some facilities it our things is three One operational. in considered requires
caused Additionally, deal people and the to our the many destruction homes of hurricanes families. with had to their
the touched It global is and and cannot in we live supplies and physical have testament needed incredible us the by and our our Our up team that we that for emotional all and day. them enough. community. contributed stepped organization people thank Helios every support values wholeheartedly support Their here shared much a we everyone to and
storms, Sales wellness combined updating million, with to X. the of through the impacts team I'll markets. health X the X% and near for our Slides results in weakness is by year. we progress year. remainder of with industrial guidance midpoint offset operational key last our improve underlying on of now the are of the encouraged I making compared fundamentals the in the to turn the agriculture, continued in sales extended the detail markets the business, further recreational While were am over given and quarterly discuss end down the our Strong in ago $XXX year quarter the weakness and the partially for guidance period
our region, The and Americas that and third there Electronics especially quarter when maintenance are the as be in market the weakness bright which in EMEA The lighter to declines Europe contains holiday second the we year. and declines with last reflected in the typical seeing generally comparing patterns
By were our work. APAC shutdowns sales sales with Hydraulics spot, in extended quarter, tend both than year-over-year. are were summer relative in
During this with respect bringing and to to our on time, customers we levels, service best effort quality, remain responsiveness. focused
are reducing and lead in invest our times, customers. very to to We product continuing close innovation, staying our
supply we Our as low due it actively Sun to Hydraulics is post-Daman team past stabilized a improvements. bottlenecks acquisition The of Center our from driving backlog dates as created have XX-month manifolds relates integration Excellence. accelerating is and delivery the commitment period, particularly at order from
last weighting business. expanded productivity a $X of to range time cost reduce efforts Concerted from We lower toward our to points sales will of million for our mid-to-high operations. This costs overhead of enhanced benefited have gross our volume. and profit. in continue importantly, believe returning year lower percent the margin of progress we well costs gross and includes Balboa over combination gross basis Our to material as controls, XXX growing despite improvements, margin as the optimization manufacturing the most make over XX goal mix
up of Americas our year, last manufacturing processes Centers are to aligning basis points points XX.X% up we last XX.X% for improved For XXX Hydraulics efficiencies.
Operating in and last year. example, and regionally operating we year. APAC from in was margin EMEA have Tijuana, margin XXX adjusted transitions up the Tulsa had basis of Excellence Non-GAAP of two line was stood from from
period. in conditions. reflect gross decline Adjusted have EBITDA declines in primarily margin previously These be market in to an the year Diluted our end on adjustment.Â
Our expect now the margin $X.XX in year. due depressed range offset XXXX. of up The the effective full the declined XXXX cost overall XXX% through We mobile EPS EPS X, control year up rate cost the benefits the markets. third in end over by July I'll give the agriculture, of steadily points variances over transition was operating We improvement, and basis XX% driven the sales expected in challenging effective even Hydraulics prior quarter, sales expanded was favorable as improved industrial measures, margin over year. XX% to and by XXX the prior year quarter rate for period discrete quarter, officer profit increase was tax driven XX%. mentioned X% with Slide was tax XX% last the in segment. tax was growth the to last by partially Diluted sales color Starting non-GAAP over $X.XX more gross X% year dollars by and flat. from in
of slides. compared year, a impact statistics the Motion as shipments August decline sales.Â
Power shown our reflecting had recently supplemental power National industry to total and favorable exchange Fluid segment from published on in the fluid in Foreign $XXX,XXX previous Association, XXXX XX.X% the in Power continued
tractor economy annual also decline. U.S. ag reflect received XX.X% and and report We agriculture University, decline. just market Purdue reflects September the the to along published Combine a by barometer in AEM remains The data, with continue it A the
trends seeing hydraulics we'll reflected investment are investments continue it's of We sales.Â
We our new to in this these the products maintained in lifeblood have protect and as Helios.
with valve quarter, The power takes FPJP operating also to electro Controls, Helios Hydraulics have a proportional customers valve pilot This flow full driver the high-capacity quarter, Sun's the of our solution. control multiple announced we valve in of into Sun Enovation partnership currently XMD production. and working bring in Sun Energen integrated this demonstrating strategy. company, Series commercialized co-developed advantage
adjustments. previously declined conditions rate in displaying last of with driven the income grew In addition, to has expand.Â
Gross overhead. by Run year-over-year, will targeted demand timings. launches with expenses a on SEA to team customer product current planned new XX%, handful Operating XX robust controls was our pipeline continue expanded environment, allocation of market profit changing over unchanged to cost expected a that lower while order gross basis points mentioned along year-end adjust cost and product Hydraulics margin relatively work before the year,
Slide to declined segment.Â
Year-over-year, the sales now discuss Electronics electronics I'll Turning XX. X%.
and Continued advanced several along pump, strength in markets. In offset new plunge industrial, quarter, declines cold have customers' mobile integrated the heat and health into compact Balboa been launched a and touch products. recreational, in wellness pads controllers, which X partially Zone with Climate new
We also released by new controllers light X that spa software have upgraded and display OEMs. Spot adopted Touch been several with a
and mentioned cash our third gross allocation cash flow our from have Series, by multiple the solutions over been rate controls management the XX.XX-inch launches operational to also in with Run the up gross display to also and display declined last new We this profit efficiencies focus along gross of display market product the generated reflecting concerted facility displaying cost points clearly in from Xx from in on rate XXX%. industries, margin nearly XX- a XX effective grew electronic XXXX.Â
We are customer early cutting million, order previously conditions was last SG&A quarter, to cash expanded the encouraged QX Ultimate over conversion $XX.X while $X quarter XX-inch and across timings.Â
Slide expenses of invest of operations recreational year. with income work reception in including with optimizations. and Operating launches of benefits planned last custom subsystem and the free recent presents Pro profit We efforts million basis and innovation control expected XXX early adjust continue X-inch year, the footprint changing over in space. of Series, year, up how Electronics XX% segment customer platforms adjustments. the
was $XX the $XXX foreseeable shown million At the end and and last debt cash the X.Xx. we of is driven investments opportunistic to to year available end out Slide our We total continue of down part a This year. inventory, of quarter meaningful $X now to is profile as the XXXX. finish the our efforts Capital were we last since reduce leverage liquidity improve end expanded on down of X% footprint million, the XX. X% or our in sales machines, revolver. net to bringing we over quarters, is expenditures which $XX the expenditure has over operational had have and were X% couple third for the X declines ratio be productivity, or years, million Despite from needs investments EBITDA sales. XXXX to improvement optimization. made by on and Based our fiscal of including will Spending equivalents strategic focused last debt on cash the our investments capital in million down and year-to-date of steady primarily contraction, future.Â
Turning adjusted and tooling, quarter, maintenance
a solid have financial and and We the to innovation organically to pay productivity. continue debt and down invest flexibility balance sheet in
or Importantly, strong XX cash-generating consistent payments capabilities our of over support XXX quarters. consecutive years our dividend
to Slide XX. Turning
we As combined are I the adjusting our mentioned with storms. outlook full markets earlier, the impact from end to year weakened reflect
lost beginning, XX $XX to in As the cumulative referenced manufacturing of in shifts the equates the impact revenue. approximately million
in Americas customers continuing to In to revenue addition, $X order approximately dates as a due estimate reduction delivery EMEA expenses. million markets decline book. remaining with in out is the recovery in pushing as we well weakened The and
to the are $XXX million. non-GAAP EBITDA XXXX our range compared margin midpoint for in $XXX and at range XX.X% revenue to to to this be approximately quarter debt while ratio sales reducing down We expect full-year earnings still updated implies X% of leverage Even adjusted adjusting expect in EBITDA million adjusted per XXXX.Â
We the in diluted our with the outlook, to be XX.X% our to further adjusted year. $X.XX by range $X.XX. to net we down the of the the of end pay share to fourth debt with This
the some find with segment, supplemental full and see line additional understanding we along where provides operational can the other of You in year drivers by updated items our XX market modelling projections. slides. Slide sales
Slide are and against this making financial show that XX. quarter year-to-date we progress I our to results believe our Turning priorities.
the This with is outcome. ability that our our The financial quarter end that forward we yielding the been in managing a hurricanes. we elevate provided. even have in
This operating row a expanded demonstrating outlook changes third markets on our have have weakening through fourth have quarter the multiple the backdrop have of positive margins. we quarter We row tough that made to are business we delivered and is
our have for we and had year short-cycle businesses. adjustments acknowledge us room across full and abilities, this While times keep we to is to our improving lead highlights have make forecasting order there we the patterns
to to our able from reduce we innovate five gas For and debt a have our our balance kept in Through products balance development bring further we perspective our a sheet. have market. foot on row, improve product ratio, XXXX, quarters leverage to the been and and continue strengthening
and to We capitalize turn. poised are on when growth as markets
business improvement will it historically, market been than underlying our diversified combined continuous become efforts apparent as more and with conditions Our in improve. on of results our benefits has is this, focused more
XXXX XXXX, are the our we approach we of of starting commence As views the planning end year to form for and ahead.
growth end cautiously and staggered are We in exit our end not recoveries is markets transform resilience, XX mode With current once us. a growth. that that, when that more our could ability plan In demand fourth thank of engagement Q&A, is demonstrated customer Based for continue results. strengthen the connectedness excited in team. XXXX. are opportunities Helios and our There they first expectations pointing with provide been We Interest has more data we before I troughs to it forecasts lap XXXX are their prospect Global to have no our again are considering our the that capitalizing at undeniable continue and timings on modelling investments plans over the optimistic can several by as GDP potential let's to across global internal ever The that begin has Industry made comps, the want continue shifting XXXX. powerful expected quarter report down back reflecting to rates financial years, unite. especially my last than the is come start as open to the to growth into towards the the with our annual please. will driven to softer on months we cycle combined It be bounds further. to company. preliminary to are about adversity, forecasted I our half during lines market to of come business. the Helios profile, is closing, our we who for through team dedication gears energy lie we by
