Thanks Rajiv.
financial quarter second strong expectations. results noted, of of overall added As generated profitability results These well in to our XXXX. improving the the to our returning business ahead since fourth performance quarter trend
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net per million and of the were $X.XX $XX income in $X.XX $XX earnings respectively. to compared share losses million share and Second These quarter per prior and year.
which I'll color spend business the our by results. minutes consolidated provide next the covering additional results couple of to
quarter. an operating year. cost due operating volumes to in was The loss positive freight material First, profit to lift over margin. business truck quarter X% compared XX profit resulting as sales of roughly last approximately substantial improved the generated operating $XX to on year-over-year This additional and a the million mix, a and in $X an billion, sales second a just improvement ratio, dollars price of million
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and same controlled were an by year. second Bolzoni, the by aided period. team manufacturing particularly Bolzoni profit sales and volumes. profit about benefits of Sales price XX% prior business, operating their to reported ahead increased $X.X Lyft higher growth the the the the in costs, of over Turning at business truck sites. increased quarter, million XX% Like Revenue
to costs, second the for including XXXX operating power, XXX product Nuvera's $X and higher about Elevated those year million. change. by increased accounted loss engine kilowatt related over employee year for this development million larger, quarter $X.X
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benefits inflation, programs, counter inflation, and cost level, At expect from stabilizing savings including costs. additional labor to cost ongoing pricing discipline and material our the freight we the any
touch programs, will moment, mature. enhance Al in on they further Finally, a which margins our as should strategic
these As gaining as traction with evidenced Rajiv market by initiatives, noted, we're improving share. our
Breaking quarter, XXXX's related around to largely slowdown third anticipate a in into second plant July seasonal the globe. the we half normal shutdowns quarters,
planned their first second of quarter's North shutdown As the output. earlier, in American worked Rajiv plants the our benefiting June, week noted
As strong quarter and sequentially results. normal to a largely quarter we production profit is EMEA ongoing and challenges. patterns operating due margins to seasonal This from decrease result, expect third second the
the Fourth quarter anticipated planned due meaningfully largely the to results are anticipated of absence production improvements. versus to third outages EMEA increase and quarter,
we due to year EMEA. compared XXXX market in revenue a Moving particularly to decrease half to the a Bolzoni, second of in first half anticipate projected modest the decline
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Despite the exceed sequential margin decline, due results of second Bolzoni's the XXXX half efforts. significantly to ongoing should improvement
versus Anticipated Nuvera to orders by of booked to are due current higher sales growth be benefits increase expected the are sales in half likely moderated prior Finally, year to costs. from XXXX customers. second
year half prior expected losses. XXXX's As a to improve loss in second the result, first versus half XXXX is operating operating
Taking and improved financial and product foundation real-life a opportunities. longer view, the to engine continue for fuel returns. ramp lay provide up adoption demonstrations These cell term testing technology
our As on earlier, efforts. Rajiv our objectives. reduction on focused included cash capital second quarter progress and We're generation financial momentum our results highlighted working gaining cash
Second quarter $XXX X% due capital year to by largely year working improvements. to over net decreased debt million,
the capital driving to the capacity expect improved first due As level, continue of approximately levels. expansion XXXX, the million quarter we second revolving with to second our half credit move available ended borrowing $XXX of to a above accommodate quarter's temporary better we working part facility optimization in inventory results. current We through efforts
capacity, second Despite first borrowing quarter from our level the X% by increased the declined debt quarter.
points result and total financial quarter of capital first of debt our basis by versus lower XXX by a profitability improved leverage measured XXXX. debt, decreased the As to
by materials the inventory improved quarter, both or goods production outstanding aided $XX North million decreased inventory and by our total second by week. additional the decreased, In inventories sequentially, metric raw days American three while X% Finished days.
inventory hand capital production working improvements. on as progress, days efficiency While include focused rise. inventory our increasing continue we we're These to remain further and making rates reducing on
updated control, I We're market to flows, off Before costs, Al, can working expenditures, capital, saying positioning. our backlog prepared cash we're impacted. unit factors can't and our namely we should rest leveraging keep of hand that demand our overhead call capital sustain to you to close I'll unfolds. year be business including by the global extensive focused manage we negatively the our our the what control, on We'll as the
perspectives. the Now, for I'll turn Al over Al? call his to strategic
