Thank you, Scott.
I the sales the XX% remainder remainder the down during of and first trends, down April began improve trends going the like XX% a anticipated would the negative American quarter to as Before [inaudible]. of on we saw the briefly trends compared the we April, the to the trends continue experienced detail, would early the few ended into North COVID throughout quarter. worst, days. We the throughout modestly then expand through In We exited market. that the as prior impacting quarter. We accelerating trends our with improve at to reached month, April
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experienced we anticipated, mix negative recovered more as the brand Sealy quarter quickly in than As Tempur.
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global to performance. company's the Turning
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changing Our supply rapidly chain has been impacted environment. by the
protective of capacity Some such materials of are domestic the has U.S. products for redirect use. bedding production mandated in for the the suppliers material making personal as being used government that equipment
impacts We the have pricing our these partially taken certain mitigate to constrained on remains steps including actions supply as items.
continuing We spent generated operations and the sheet second during record cash flow $XX $XXX million to second moving and operating cash Now CapEx million quarter. items. on quarter flows of balance the from
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down of As under was Scott ratio our times is second credit within the to range our new leverage from quarter end significantly pointed target the of XXXX times. X.X out, times, at the two facility and X.X three
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we expose Going of mandated recognized financial were shut under quarter, into our AR. our for could customers the downs, some strain which
June of that the held XXXX, as levels. the had much This than XX, me was to has consistent has credit the we As U.S. to and to accounts broader aging despite volatility an expected compared receivable the especially better risk up market returned sign market, good in bedding normalize was the prior substantial our year.
we have our structure previous cost naturally discussed As earnings variable flexes. calls, on
and when personnel, These reductions, staffing we quarter, felt primarily reductions preserving with that we further position variable a in improving cash During focus on advertising, compensation. liquidity items were implemented was related our needed. other the and cost it
outlook. our as now in trends which statement similar items not we had outlook, as the they income In confident sales increased historically. As have cost our to expect have in most are changes felt short, we back defense, to expenses playing line revenues. our rate offense We the a most we of improved, well. expenses the And more as variable business bought discretionary with line
are XXXX would changes near-term today, but any expectations unforeseen material, like color to on to our a guidance position I issue in the environment. full-year not excluding EBITDA in offer We operating adjusted
and to-date quarter quarter all have for all geographies trends across from the accelerated second third brands. Our the
adjusted the internal to year. an sales imply positive would trends, last for as third the compared in target the to end have be consideration would we This be EBITDA and be in -- possibly growth. four This remarkable about a into third would in year-over-year a quarter trailing global third capacity aspirational million on Given quarter $XXX low-end of quarter threshold by the our plan’s the quarter result XX% takes could XX% it basis. the of the constraints net improving that reach as a
As a Compensation tied $XXX end will refresher, million aspirational between plan and trailing targets. the as is $XXX of quarter charge the is the company XXXX, is and to than by plan the non-cash XXX,XXX restricted when achieved XXX,XXX performance quarter and basis million is and four-quarter the the a challenging a the million the achieved. There triggered, will true-up million between fourth four the [stocking] X.X% to a X% achieves in EBITDA the in quarter. be the Board. third triggered if The if determined of greater in resulting Committee adjusted EBITDA threshold dilution $XX $XX on then of through is If quarter of adjusted trailing target vest performance between one-time in
items to Lastly, few like flag I'd modeling a for purposes.
we count plan, XXXX, year to between this share of interest tax million. by Scott. not the least higher currently $XXX Total and back million, $XXX I'll impacted, of over would rate between maintenance expect the be aspirational diluted the we turn to be would and call full a charge expense $XX $XXX D&A CapEx to million million at be $XX would and $XXX would be XX CapEx If million, XX% and also million, expect as increase. $XX million would compensation rate includes of share $XX tax which be shares. million, the that, For count and With we a XX%, million to non-cash the deductible trigger unfavorably D&A
