Thanks, Dave.
key takeaways for I will morning this and my metrics quarter. on discussion focus the the financial
to detailed For refer about night. our our slides last supplemental website posted that information press our third to please more XXXX XX-Q, quarter results, and were release
those For our on I following slides, begin XX. PowerPoint Slide of on will you along
X% through sales roughly million, and even exchange by quarter of from was $XXX record to over organic the This mentioned. translation partially third price/mix fiscal growth record absorbing X% increased volume foreign net improvement, X% currency after offset Our million a achieved just 'XX year prior the $XX offsets. decrease foreign X%
million Adjusted the operating for company quarter, a QX from earnings XX% higher also XX% $XX were than third up in the 'XX QX. at and record
$X year-on-year 'XX QX Foreign currency, constant our of exchange comparisons negatively quarter adjusted OE the prior XX% $X and by million versus impacted year. third respectively. In approximately the nearly million sequential and improved
Adjusted and third million $XX XX.X% net $XX quarter $X and the approximately to in net EBITDA million was by year-on-year million. for of FX comparison year pressured sales X.X% third the the quarter. of prior sales, compared
in our margins the of cost presented Dave impact artificially math of net that are the deflated earnings Please our reconciliation EBITDA of recall your pass-through margin the reference. from to for A significant is slides adjusted mentioned. appendix unprecedented that
up was quarter. from It facing is in XX% EPS are in adjusted up QX we in rates. the and fiscal worth from headwinds 'XX, $X.XX foreign third XX% the highlighting Our quarter the of exchange interest 'XX and $X.XX $X.XX significant second the from
adjusted and nearly sequential impact third will of Excluding the shortly. year-on-year the 'XX prior QX interest, EPS year. present reconciliation our a EPS FX versus XX% of and I increased quarter
operating Please $X all foreign which segment of headwinds. FX by of and XX. On exchange adjusted price/mix offset to Slide more prior strong business growth, improvements, offset on impact turn million posted were compared lines higher costs by favorable improvements The to the substantial than partially earnings revenue price/mix year-on-year. year, of basis, a the driven unfavorable
Dave recapture year versus As quarter, adjusted over improvement Energy earnings for to adjusted second mentioned, prior hold sequentially. consecutive as OE significant cost a nearly operating the XXX% Systems impressive with price/mix and XX% result taking improvement improvement delivered of
slower to supply recapture momentum due as with increasingly other this is Systems had on the evident nature pleased Asian-based in been our business. the are versus becoming contractual in our chains bottom-line We manifest inherent Energy and it to historically segments
driven by as recapture. over XX% Power year positive improved prior and approximately On in improvements well another adjusted sales, mix positive operating note, as both earnings Motive price/cost quarter, prior maintenance-free
in still while Specialty prior our up And to XX% Missouri finally, and sequentially year. was constraints in segment, over muted line the nearly plants, our with due in AOE
business dynamics going press across and More geographic OE market results can all with improvement of be supplemental adjusted in and healthy quarterly solid coupled our Accomplishments our our of forward. lines resulted increasing in detailed results in the momentum found and release slides. in sequential
$XX incurred nearly improvement $X.XX incremental Slide to of third realized quarter 'XX, million in adjusted $XX the the well. On volume more as the fiscal improvements improvement offset per 'XX of price/mix sequential million or of turn with million we sequential price/mix basis, share in than adding per Please $XX exceptional costs price/mix, or on an to QX XX. a $X.XX quarter. sequential QX of during share
price/mix increases, consecutive the unprecedented the have past is years. endured incurring we cost we the significant over improvement, cost of increases of While on still quarter recapture further significant share QX's closing $X.XX second per our gap are two cost
driven third inflation, increases as Missouri in in Cost in the challenges well plants. quarter commodity energy continued rates, including our Europe, productivity and by were as particularly
are to that important delay is remember inventory we beginning until P&L costs the stabilize, in sold. in our related see a product is realizing is it While costs to there
accounting deflation very margin this and with Fortunately, price/cost provide if to tailwinds treatment, turns adjustments, when and normalize. coupled costs inflation should lagging nice
consecutive optimistic After escalating is of quarters six seen an gross steeply We that from cautiously are improvement. we solid inflection erosion margin have inflation now of two consecutive costs, point. near quarters
QX in quarter fiscal adjusted pass-through. cost total gross despite posting bps the XXX the of math over a XXX impact improvement a point after increase similar basis expanded before, 'XX quarter margin the Our from margin of higher first 'XX
conversions, electronics surpass should to gains such bottom-line. benefit should supply to as increases ongoing margin rationalization, price/mix cost margin the chain from of products, our savings from reductions pass-through, due as higher for from the which well and all of forward, our cost as especially maintenance-free Going loosening, mix to price/cost accomplishments, footprint realization continue EOS drop improvement
Please turn to XX. Slide
sequential share. quarterly $X.XX our EPS 'XX Looking adjusted the came per QX $X.XX our guidance in of than at at bridge, adjusted higher midpoint EPS diluted
Our was were pressure increases. net driven interest expense per by and which per price/mix/cost from previously the substantial of share by higher $X.XX of diluted results from net $X.XX share rate impressive impact exchange partially sequential the discussed, foreign
transactional QX throughout were The euro revaluation interest the income FX the from a quarter in as FX in well expense of the the the of adjusted $X.XX and AOE, per primarily and of headwinds other the impact quarter quarter. drag as result and headwinds. euro weak when EPS has Year-over-year, end FX negatively approximately 'XX impacting share expense strengthened at the
XX. Slide to turn Please
end at very balance times QX X.X environment times of of QX our remains even downturn. Our leverage free with at potential economic cash sheet positioning navigate X.X current improving the from $XXX us the improved flow net both we to million healthy In liquidity, better the and 'XX. EBITDA had bank QX, to with positive 'XX
and earnings capital working program driven asset of primarily initiation reductions by securitization due to million This in a strong investment the $XXX December. in improvement was
this In approximately times year by addition to in QX leverage interest X.X beginning expense program will $X.X million by reducing bank per 'XX. reduce EBITDA,
In supply mitigate QX constant volumes strategic despite in inventory chains. flat and unpredictability currency, support our to to ongoing inventory levels was maintained investments
approximately on $XXX million had QX hand. we At the of end 'XX, of cash
prudent. inventory inventory create impact higher period a lead working of are we focused After now increasing were and and absorb in to reducing investing longer and on times of the costs, buffers targeted
inventory are opportunities levels further asset the cash should efficiencies operating and continue million point supply significant strategic That off to fiscal our we of we when returning by positively 'XX, we cash are capital in able risk an fortunate volatility generation with when of chain securitization and customers business of 'XX said, begin the end pre-pandemic which levels. will prioritize our inflection in necessary. QX minimizing to costs leveling and investments Excluding to in represents impact primary our with program, impact the that $XXX believe
multi-year confident roughly success our QX building TPPL 'XX in capacity 'XX. were year-to-date. off our $XX capacity in remain We and expenditures Capital million fiscal plan $XX expansion million in targets,
on Considering uncertainty, have capital new effect our for X tightened unchanged. strategy economic year X% prudent global of allocation to times in the target higher we tax Our of times remains buybacks leverage the rates, and midpoint already X to bank remain interest our the remainder 'XX. below EBITDA fiscal
share authorized shares million buyback currently our In and QX did any not program. in we $XXX 'XX, repurchase have
to turn XX. Please Slide
supported providing for trends Our well business. as to business robust, remains tailwinds for our continues positioned ongoing demand products mega the by be
industries predictions economic capital vigilant in remain conservative decisions. some and making other prevailing allocation of are we slowdown outside and Given ours,
balance us As economic at a advantages and which time. a downturns mitigated even strong reminder, to financial and past that of structural sheet better have impact in have us we a the number position this
The diversity our of are of our we enjoyed significant recessionary during periods. and large independent portions includes revenue past flow business model generation that cash have cycle
again intend on appendix remains is recession this slides. review don't intact, I While and it call, our to in the our of included playbook
just in our the quarter a guide is fourth $X.XX improvement XX% diluted midpoint per guidance which the midpoint QX reflects reported. share of $X.XX, For EPS we up from adjusted $X.XX 'XX. at 'XX, $X.XX over share adjusted EPS per range the Year-on-year, the fiscal X% our to reported we is
sequential but performance the However, business, while and reflects saw expectation continued interest be our 'XX. similar we in volume FX what year-on-year our net by headwinds gains, rate and commendable, to will it guidance improvement of impressive improvement our strong financial our operational as our price/mix/cost is muted significantly again understates of QX
are reflecting continued lines, lithium range products, to in for cost the in year of the initiatives. XX% 'XX new including fiscal $XX our in gross production our million, investments We margin and expansion and be to of we expectation TPPL capacity full approximately automation improvement expect CapEx our refining to XX%,
of and strategic forward to plan June XX We on providing overview progress continued refreshed at updating you our in our York an look on New Day City. our Investor
questions. remarks. open This for may concludes now the you call our prepared Operator,
