outlook. On results XXXX good year our review and will Thanks, provide quarter our I today's Chris, to update and call, fiscal second an morning. financial
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chains, supply I outlook the have industries X, Global I markets including on to Before during upturn. primarily provide manufacturing constraints global are become semiconductors commercial chain on production global an has for in trucks. want review this constrained global our affected update slide closely we current market This supply monitoring. many
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our Let's market to to update assumptions, unchanged from are billion X forecast. an year be to holding slide range our fiscal outlook. turn our with in $X.XX billion XXXX the forecasted prior Consistent sales we of to $X.X for
range steady expected We maintaining XX.X% XX.X%. of to margin adjusted are guidance our also EBITDA at an
the are have been price to most has increase steel costs the over we September seeing XX coil and than prices The steel seen rapid however XXX% movement Since increased up and have severe We nearly years. in past scrap XXX%. prices more increase. continue hot-rolled are
will result, steel a $XX million impact year $XX as to reset million with million in of to third now As higher be prices a quarter headwind costs up our this in our our we felt review. from prior suppliers. begin steel Most anticipate fiscal $XX full of
six-month pass-through this a is with XXXX, on headwind customers, mechanism significant typically While to do our are three- place in a which we in a lag.
We recovery early of expect year XXXX. this fiscal most to in see in beginning
growing we to to this Additionally, increasing as electrification $X opportunity. are our our respond to prior from $XX between we continue million spend guidance million
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in continue and has reduction cost performance material see job savings purchasing executed actions benefits we done year. Our from to last the team excellent driving an
in to This $X.XX the expected Moving impact earnings for adjusted as redemption. outlook the XXXX reflects as our range of bond share, for interest from the expense non-cash now from lower per well is diluted adjustment taxes $X.XX. to the the
tax expectation million of Overall, cash rate in a we to to and generate million is approximately rebound of unchanged. solid free the deliver team And $XXX to maintaining our cash are XXXX effective the path job, a fantastic Our $XXX remains XX% global through MXXXX. flow. fiscal glide of finally, doing challenges managing the strong between
Chris. call will back to over I the turn Now
