in quarter the XX% XXXX. our increased the review then quarter Gross from while afternoon, versus decrease $XXX.X period, basis third results, third points record our increase in the of of everyone. focus XX.X% XXXX guidance. our non-GAAP Thanks, of Chris. a Good quarter were of margin year third the prior was third gross of XX.X%. an million XXXX, XXX $XXX.X sales million, quarter in a Sales on XX.X% margin to I'll point in XXX-basis
as mix, decrease larger The our higher Powered margin product in a was shift sales. to due the customer primarily in non-GAAP of represented OEMs proportion gross North continued American and Vehicle
In a continued addition, manufacturing margins. which experience negatively as we demand, result to of gross increasing supply inefficiencies chain and impacted the
did we versus slight in the in quarter earlier some the see year. improvement However,
Total lower costs year increase last Non-GAAP year. primarily operating due as as expenses quarter offset quarter XX.X%, related $XX.X of business, XX.X%, to increases on operating or prior related expenses. XX.X%, percentage the dollar a higher our facility is of in expenses compared to third administrative were by we operating and stated was and expenses $XX.X in innovation, million, to operating were XXXX, in the various or costs growth, patent basis growth to to support of third invest to product in the compared the the period. in XX.X% sales other a million, The in expenses support Ridetech personnel partially litigation
Ridetech, other by recently primarily Focusing to new and activities. to Ridetech R&D was our product due to million, on expenses event detail, increased prototyping marketing personnel investments expenses personnel $X.X $X.X offset support up associated promotional-related and with lower costs timing. and approximately various million, in acquired and project subsidiary, sales innovations to increased due more due partially
of cycles. factors, As we've launch depending of changes consistently between including the a promotional often stated, and quarters R&D on number timing product years expenses and
fees period. million expenses. in facility and in decrease the other expenses $XX.X million and compared in costs, prior were year partially various to and million, million professional The to in of due the $X.X general a depreciation change items, million $XX.X quarter litigation-related $X.X $X.X million offset was primarily expenses, Our $X.X third XXXX by payroll-related administrative of of
The compared activities quarter quarter XX.X%, For our tax of primarily from tax [fiscal the fiscal in U.S. a applied to XXXX]. foreign benefits of lower our of the rate the XX% rates was third and XXXX XXXX third activities. ongoing rate is QX effective to of restructuring decrease certain result
quarter. my million $XX.X due margin for margin margin year the increase XX.X% change the non-GAAP to in year. primarily operating in third lower due million in compared Adjusted EBITDA and highlighted XXXX, was $XX.X is comment of expenses compared Adjusted earlier was prior EBITDA quarter the the same timing. to XX.X%, The in gross to quarter EBITDA I to the in last
income to of a was $X.XX per the GAAP XXXX. third of prior income of $X.XX, per to adjusted $XX.X net quarter net income prior $XX.X to of diluted share, in $XX.X share third an third for the third quarter or million, compared million to increase earnings XXXX basis compared XXXX diluted was year million, adjusted $X.XX compared On in per share $XX.X quarter $X.X of quarter was Non-GAAP the year the of million, period. the $X.XX in the in million, attributable or diluted earnings period. net Non-GAAP FOX of
XX, on outstanding our million, was million, on to million. XXXX. $XXX.X million Total of cash we of XXXX. $XX.X hand the XX, sheet, focusing XXXX, Inventory September compared million $XX was of as at end had of December compared Now, debt as $XX to balance $XXX.X
Accounts our accounts million payable our to of to the the $XX.X accounts business And was XXXX. attributable were December changes of acquisition. compared $XXX.X normal accounts as at inventory, from $XX.X XX, and seasonality, in growth as and compared million Ridetech The end payable million, to are receivable, well as XXXX. the impact receivable debt primarily of $XX.X million,
end September of million net $XX.X to XX, XXXX. which lease increased the plant impact standards million XXXX, accounting due the million our first as equipment the to of $XX.X includes property, at to Additionally, of adopted new compared in XXXX, and of $XXX.X quarter
Turning to our outlook.
$XXX range $X.XX. of non-GAAP $XXX million fourth to of earnings For diluted per the the to quarter $X.XX XXXX, in and expect of the range we in sales share million adjusted
million raising $XXX we're sales our now million. the to range For in $XXX XXXX, and fiscal expect outlook of
per non-GAAP for fiscal expect XXXX. We earnings adjusted to in $X.XX the range share diluted of $X.XX
outlook. EBITDA XXXX We to continue and higher consistent include to XX% previous to expect to would and like impact tariffs XX.X% non-GAAP also based out I to our continues on input XX%, XX.X% full-year expenses operating margins the point that our current of of costs run to guidance with conditions.
year. yet expect would production to expect duplicative XXXX, second begin while And ramp in of well guidance Georgia we're costs new ramp for during next the We facility continue as to the this throughout additional and of quarter not to XXXX in continue, providing the inefficiencies year. balance we as the some
We to X.X% operations expect impact X.X% the which CapEx previously for announced our XXXX of be to of expansion. of in the range reflect sales,
guidance an slightly which to Our than rate lower assumes XX% previous now is annual expectation. XX%, tax of our non-GAAP
prices option expect during the to stock timing to to difficult in certain fluctuation of quarterly and exercises rates continue such occur due We year tax predict. as stock some variables that to are the
the as the accurately it necessary predicting elements note to due providing and of GAAP I'd provided efforts provide EPS such unreasonable guidance without reconciliation. also to like that we're cannot on difficulty guidance not be to
Before of the to talented been FOX to to closely years the to the a I'd the first to and everyone at past Directors rewarding. Mike team I'll for work continue forward with like and the so during I team. Board alongside making look transition. thank call XX It's Mike, work over a such back and privilege dedicated turn
turn to to like now call over Mike. the back I'd
