quarter a morning, today good our third and pleasure for with business to and speak to It's results. review Mitch, you everyone. Thanks, me
let's of Before our highlights results, review our we review into the get detailed more some financial first. of
focus Last as rationalized began delever we over assortments, to been business. properties, underperforming which year, select our has our estate real past operational and refer closed primary inventory facilities initiative our the we Our efficiency collectively monetizing to initiatives. local strategic year the
the We our our several us by $XX.X and leaseback sold since enabling principal facilities reduce XXXX. of since sale transactions entered debt plan, balance million into third to deleveraging quarter have also closed announcing
mentioned, sales the period. When million net efficiency into Starting of compared Mitch the facility our sales we us, on up with net new grew same-center from initiatives, was $X.X adjusted base $XX.X million credit to quarter, for for were as offering, slide X, million the a our operational X-year X.X% new entered year. the the completed year prior investors, quarter or excluding $XXX banking broader of As revolving welcomed this successfully partners. our last secondary pivotal and effects
million margin rate We gross profit also gross approved the XX.X%. at generated an $XX.X of with
basis and and then Our initiatives From XXX some product was this year. due points anticipated able reserve of our category margin this a last basis better inventory gross last period X efficiency factors: quarter, the flat on percentage year. This Structural respectively, mainly resulted this third to and exit QX from than quarter improved Specialty is XXXX view, basis XXXX, release were realization the the points to XX of margins our operational made our remained from in margin which we to timing of that points. rate in impact second of in XX favorable point yet
to our XX% the to business, third our Structural in also headwind XX% quarter gross Additionally, basis from this of grew point quarter. on our products past overall margin of XXXX, XX rate XX
down and third-party selling, Our and for efficiencies. maintenance was, to QX related decreased in freight were million expenses, by $X.X when primarily, general costs which XXXX, to administrative decreases compared expense the payroll quarter
third And $XX.X leaner a BlueLinx was estate gains. for gains, our up third quarter best operational results quarter, year the not million $XX a is the for our adjusted up million $X.X efficiency any as compared this EBITDA our as EBITDA to quarter excluding again million, period $X.X of reported for real XXXX. We highlight when the a was included which ago. same-center real BlueLinx. include of quarter, adjusted since estate from from our adjusted And are of this for Net prior million million building million $XX year did which EBITDA income were total initiatives, $X.X another
we've improving made. $X.X to and capital operating with capital also Our this pleased our period Continue properties, hard work by working year. on the in with from million, are working improved last progress increased sales
in-stock We ensuring customers the our position stay on focused need. just-in-time inventories to we continue inventory have
on the expense life share a new savings interest we the interest and level. to from incurred prior the lower pleased and over XXXX, rate obtained and $XXX,XXX are based that had lower million quarter And capital balance compared interest lower expense at prior additional year-to-date, mortgage, now XXXX, from of credit excess year, in as will pending be the inventory facility, we X-year successfully credit balances $XX.X in $XX.X With effective is to our have entered qualifying from $X.X revolver, which working We facility. on is the levels. less revolving XX, our October previous year availability a that into we loan million during revolver receivable improved under million QX
margin XXX too. expect We per more a revolver and to balance of have of depending LIBOR approximately $X levels of average XX availability lower improvement we improved economic excess terms With including basis favorable year. on trailing other points approximately terms $XXX savings interest million million, XX-month
our XX first XX.X%, and months we'll XXXX. rate on last period $X.XX year. million profit gross X X.X% year-to-date same-center the $XXX.X gross to $XX.X a performance. increased point by with this the sales billion Moving or from XX, were year, from highlight of increase an page a of from of adjusted basis million We generated basis Net margin
efficiency operational Additionally, $X.X initiatives, the profit, which prior of million increased our excludes from year. same-center gross includes, effect
administrative the have resulted X the $X.X repair payroll which and year, costs, costs. general of primarily, an to reduction in connection reductions $X.X million which and is and XXXX, selling, to ended in closures to is, by in XXXX, increase for compared months down with from were largely prior $X.X related facility in the general months year. the million workforce X ended in the income million first costs related due also prior decreased Net maintenance Our
compared share Our very EBITDA adjusted period. third year adjusted year. commodity year largely from Equally the pleased prior of months months $X.XX, the XXXX We're is And net million first million up continue important led excited products, as million. $XX.X benefit time $X.X basis, EBITDA markets. today, XX%, XXXX. the year-to-date, the we've year-to-date from to increase we're sales per was to strong revenue adjusted of first report quarter-over-quarter same quarter $XX.X increase X Structural is from we X $XX.X that $X.XX same-center on third see debt million The XX, which $X by a of top slide the increased or period million, earnings On increase experienced focused to growth ago. a the line year-to-date, million quarter is garnering market the down emerging this sales from in strategy. trend to diluted an our is XX, on slide from excellence reported last remain On through And XXXX. our from share also increased and principal ended the $XX.X our we the our balance local as market same-center year in
progress on our mentioned initiative. deleveraging As is earlier, significant this
by Our is efficiencies this down million At revolver had the $XXX the federal plan. estate mortgage against million principal end over $XX real year monetization is execution our a and mainly and NOLs. approximately time balance from capital working quarter, driven down of in we $X.X successful ago, remaining our our million
gains real able Mitch the hard In offering in conclusion, for for like income We for BlueLinx efforts. As through monetization with and I'd will is you, initiative use tax-deferred shared the is our thank assets. years. that estate work be team ordinary real we key and NOLs these and their efficient use us, to to these estate way efficiently anticipate coming
contribution of Your their may to able special outstanding results And at continued we'd any now, it we for in this are and the to suppliers course, And, Banita, certainly for we thanks questions time. like share our have up open to customers show today. partnership.
