morning, Mitch, Thank everyone. you, good and
along XXX for record another period when over was the BlueLinx net financial year quarter year $X to prior of first related in improvement XX.X%. to margin, significant on basis. basis was million billion, performance reported up The with up improvement a compared with gross year-over-year our quarter which in We year sales points $XXX a
off reached period. on another adjusted effective remaining we on We balance milestone we which X% the our hand debt as an We for also We million ABL, under than and of EBITDA with cash approximately an interest experienced over higher prior another paid the significantly loan, of of improvement rate record to $XX the eliminating and $XXX excess close reported availability of term last over last of recently quarter ABL. $XXXmillion, $XXXmillion, X% million the BlueLinx quarter rate, during year. our increase ended an had the the under year
or an year-over-year First were $XXX of quarter net $XXXmillion, sales of million Specialty increase XX%. Products
of comprise which we For significant less and range net inflationary of impact XX% net pricing total sensitive to typically structural the are sales. of Specialty sales, that see, XX% is quarter wood-based below commodity our to market. the up XX% on as the Products a wood-based Products Specialty result
categories market. the product specialized across see building the specialty resulting demand from imbalances products continued we inflationary this in various nature, Given quarter, their however, did impacts supply
off coming into million rise and relative prices prior quarter. for of pricing, commodity wood-base has $XXX sharply the year. XX% increase elevated an second Given to commodity net or structural increase million, to products in lows began $XXX December, continued compared in to after the were Wood-based November sales of
X,XXX, composite levels. structural ended The first historically with at soaring which to and lumber high quarter links its a related panel had random both are of X,XXX, composite framing
random We impact XX%, products, consistent first inflationary to total sales the of up As lumber the that than quarter, estimate the net The and inflationary structural with increases prior of seen evident of to quarter typical panels comprise sales week, for was was net this pricing due the year-over-year impact. the is exclusively sales making specialty was structural in composite is year first which sales sales quarter, almost structural the XX% of for lumber net recent of and and respectively. for period. higher XX% approximately panel last X,XXX for X,XXX comprise XX%. Framing remaining we've and in links net the environment range as this years which both XX%
highest in the to pricing of to XX.X% in coupled for margin in margin year ever recent the are strategy. We to from XX.X%, is what year-over-year continued and it seen team and XXX with Specialty products year's of we've wood-based our of full XX.X% quarter. relatively typically dynamics, prior than strong is is the the basis margin increase in And margin rate XX.X%. XXX attribute higher Products and points reflective the quarters. focus of increase basis Specialty close to points that when an experienced gross commodity we've increased the above sequential compared year stable, of gross margin gross margin XX.X% in was the significantly gross margin Structural the Our increase XXXX rate market prices X% This current achieved. last period Specialty on
respectively into quarter our volume volumes Structural volumes last levels constraints, year. are and sales pandemic were supply to Mitch compared severely up XXXX. and are and first and As of for our X% by April this continuing, are onset XX% while the impacted April time when the by indicated, which impacted approximately early Recall strong margin shutdowns volume trending that Specialty early was related QX, both
in are increase range the quarter first for from from is actions XX% quarter was Specialty to-date related XX% commission, actually offset increased $X taken quarter in of Our million, XXXX. $XX the in margin and an mid-XXXX costs, gross that compensation to range. is for $X incentive a QX, the have of place. SG&A This financial million It improved second of of margins in better the and to remained primarily to by the results. through to related $X was an year-over-year even overhead when million increase reflects labor variable XX% million compared approximately reduction Structural than resulting margin, the XX% and to
we period. million net consider positive net of third-party as to quarter include handling, generated Costs is our SG&A fixed the compared We loss impact income percent $XX compensation shipping XX the and prior points percentage I mentioned, our SG&A efficiency. the million year-over-year $X year such We the warehouse which don't of primarily and commitment over in labor, increase be reflects outbound variable incentive freight. first fuel, in improvement to ongoing to sales prior fixed. quarter items year approximately and current of of just delivery XXXX and our approximately the is year consider net of an related cost XX.X% a of are and of basis to and inflation of XX% first XX.X%, Excluding in
on discussed our utilized our of fourth we federal in effective quarter NOLs call, rate was And As approximately first all tax XX%. the quarter we XXXX.
year prior and when increase the remained improved as days to and purchasing of sales last year quarter relates as XX% continued disciplined the approximately controlling of made We significantly, capital Higher executing expect approach March be net that improvements significant, to collectability inventory of that end or first while we sales period, XXXX to compared the The were quarter. we our XX%. in quarter second especially drove working of during days compared between the tax rates inventory. grew XX and the it will by And same nearly in receivables the an XX% When XX%. balance strong.
As of helps how decline. as mentioned product the inventory currency mitigate Mitch a of XX%. much to sharp price close rate our was management operating impact
I remember working to event capital. think will it's deflationary the cash a generate significant that environment, likely company from of important our in the flow
In in the during $XX decline The of investments. was in in primary likely lease would those a our obligations approximately The of the of approximately use compared of improvement back levels. there fact, year first the decline that and large quarter, lease And accounts the XXX fleet that experienced was be absent million we tractors first cash in the converted upgraded quarter, balance the our to receivable event equipment estimate and XXXX. to in the year equipment by prior million finance to had invested capital we $XX additional qX which same investment cash end also profitability, expenditures quarter qX million. from XXXX in million We of lease which amount reason starts to over end increase the the we increased approximately we XXX by would that capital million, capital despite year. working in $XX cash our inflationary Pricing the still equipment the $X was by of of
our we earlier, of approximately million, loan the mentioned utilizing availability principal existing Mitch repaid under As $XX balance term remaining voluntarily ABL.
at this quarter under last compared to the million repayment $XXX include which borrowings same million ABL, quarter $XXX end were the for year. Our
to year-over-year is year-over-year million by write-off by year XX% issuance our or last year. interest Liquidity the the under reduced when one-time term $XXX now of term was was debt rates. Interest compared This loan availability which in debt balance $X excluding period. Bank prior an payoff, $XXX of term approximately XX%. or and million reduction improved zero the decreased lower excess over to related million $XX Our balance $XXX to and the loan driven approximately million the debt comprised expense costs ABL was ABL. million loan by
performance net at prior ratio financial managing financial of imbalances how year. debt our as improvement transformational -- geographic, Additionally, during is that dropping supports for The in and opportunities strength overall evidence providing market, cost our balance sheet improved provides resulted adjusted and remain and has significant deleveraging our on I a with markets, am X.X we optionalities a in times supply year while the expand our of capital on to effectively We have demand and of scale the increased the the compared focused flexibility product services highly us both efficiency. deleveraging realizing maneuvering working X.X prevailing in economies could inorganic and the maintaining our well which and organic while times prevailing operating with to EBITDA, executed strategy period, company. pleased last
We to now, would years Mitch. value it well-positioned our I to have for the a to ahead. strong foundation And back create turn for shareholders in like growth, one
