Mark. thanks Well,
and our So, call. us for thanks second XXXX good quarter joining afternoon fiscal earnings today everybody for
the I on are really set giving business we stage heading. by jump before like to and define would about Now, themes going to into as presentation, where they the call are today, hear the actual you our I you this consistently
let’s with So, start that.
year. didn't last Second expected the until and last be was down really quarter. of to is recovering. consequence, pre-COVID shouldn't impact the last a year. up And quarter Schools volume are surprise are anyone. the volumes industries We year's third be COVID to significantly a second-half quarter That versus see reopening from as
up despite selling interested a bus percentage lower in. is that's be again. key And is gross Our all know up price quarter you'll margin significantly second volume. factor I Average
leader. and mix, fuel are alternative clear strong the a have We we
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up. were manufacturing Our efficiencies
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quarter one schools for our with Now, only a started that a open of was in second we the for and challenging about teaching. in-classroom industry, third fully January
cases intent schools first the [holiday a each administrators bringing running schools schools March. open second the quarter following immediately boasted time. led the declared the in to delay But that within COVID XXX reopening number in vaccine at saw increase mid-February late deployment fact, particularly many and of the in the or into our by In the teaching, COVID new to of of term, December, were period] school however, re-opening, close spiking as around starting classroom days and sharp we increasing
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time the Importantly, our underlying despite structure in over and business continue part supply, delays to additional constant caused improve by margins. we
we than a In our higher plant was percentage prices margin fact, as drove selling bus year gross higher efficiencies. significantly ago, and
up prior drove sales, capital improved position. sales, we leadership leaner strong first And working also had of in inventory, we levels maintaining our XX% last offering much than mix bus as total another at year, second down years. We in alternative-powered clear the with quarter half compared of
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seeing is disruption now in the in impacting growth all continuous half As support significant chain previously of volume virtually year the those of next supply companies. year’s bus anticipated, risks of major are second that The delivers school we industrial start. is
business our delivered a orders, delay We job. will is be will work in to great I school this means that doing to stress this want every continuity, our buses day start. of after fulfillment the suppliers that and could with which team maintain our disruption
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second highlights. Let's and now turn to quarter the financial Slide discuss X
of second second the year a quarter seasonally first quarter after low Our the quarter. is
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measure provide to our and important a was worse quarter, second more Now, performance. is cash first $XX of I quarter guidance, capital despite This and adjusted working in-line flow plan. sales, these last three as better than we financial $XX.X net were during was recorded for quarter. the while volume, this All adjusted lower substantial maintain the significantly year with cash year’s results, than ago, million wish improvements second million first through namely our free flow the EBITDA, them half
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let's margin results mentioned. review that So, And of now at to let's X I the and quarter. importantly, look our major growth initiatives specific this achievements Slide turn operating just the
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