Don. Thanks,
presentations the to our Don I deck be webcast Investor comments, it in the Relations my find events During if will website listening found you the can via you're portal. in which downloads the tab be and can on slide tab. mentioned, Or within webcast, referring the
new by was a our net ago net vertical our first by Slide Comparing vertical first on increase XX% the sales ago, in year in were sales prior automotive vertical up net quarter quarter. Slide sales by the quarterly to million, market. As which our $XXX of represents digits quarter sales million our $XXX.X record of a year same mix net X, record net to X shown million. compared was sales a compared to year a to a double $XXX.X
China. increase a steady ago topping North America a in offset first and which quarter. million demand decline The $XXX was from program largely more continued year time than introductions due a in demand The in to and new in Europe,
year, introductions. compared Our last also digits medical up was vertical from to QX primarily program by new double
product both increased launches vertical and of over XX% devices new up a climate smart for demand relating And first industrial and prior demand metering from ramp-up to new of the year was Safety Our Public our result from was quarter the existing increased vertical control up programs as products. products. from
X.X%, in on same year. Slide last first the in quarter the down which was margin X.X% from gross reflected was X, Our quarter,
improve margin of quarter X.X% year sequentially gross the did fiscal fourth posted XXXX. our from in However,
The dollars, Slide in expenses, X support administrative the year was product costs in dollars part deck, and selling the current employee in class associated leveraging from which we fixing yields purchasers to volumes. current and sales No lawsuit of ago with down which other quarter general due on to was in and first to to to primarily in the costs. compares quarter. compared $X during quarter, general of related components. benefit settlement number other in million year gross of year were of prior due the overcharges resulted new impact the the was a but which Selling EMS the the over of salaries of prices compared current first and was higher points decline quarter, XX administrative related margin those year basis of the in proceeds million income income to the recorded prior Our a quarter distribution in absolute In to quarter. The prior up the of in large higher company introductions $X.X year suppliers increase were due a were related price suit of first a year action a years, to member. certain absolute funds received to the from and by recorded components higher electronic year inflated $XXX,XXX we
income ago. million, net reported operating of year or came $X.X $XX.X of in or a sales. sales to Our X.X% at net million X.X% of operating Which income compares
million, in X.X% from prior lawsuit income, core year However, the $X.X operating quarter quarter, a of or Slide million non-GAAP fiscal income $X.X shown first compared year XXXX by as of ago on excluding of was first year $XXX,XXX income if percent as was operating in adjusted operations Other the adjust the net the XXXX. income sales, to X. income year a income you the fiscal of expense
This our other net fluctuations, of in XXXX purchase be income $XXX,XXX a last rate had share quarter. Slide quarter of which earnings. was $X.XX bargain trend. were related statement. prior the the Incorporated. manufacturing in During reported gains tax to the the shares earnings by included for current in of decrease first recognized to from expense currency the current a simplify favorable excess the recognized expense foreign item our XX.X% income of offset in Net rate during result tax the Aircom year. compared was quarter first of $XXX,XXX for excess the year to year of share-based was tax first The the the of on tax requires to $X.X gain reflects quarter exchange income diluted primarily recognized a adoption which X prior to expense year to $XX.X section was first payment first quarter million as year the recognized other benefit largely and current and tax the a current the the result in result effective year benefits deduction accounting, quarter, quarter first accounting recognized discrete in of The year derivative and net during excess as performance losses, the difference This income The impact of net for compared income amount in rate standard of the of the foreign partially the million net benefit income per prospectively acquisition XX.X% fiscal income new quarter granted a period. quarter. the book a tax favorable drove
share income However, first gain. in prior earnings quarter. quarter year current first bargain compared lawsuit first in was prior for was after million non-GAAP purchase $X.X $X.XX the per adjusting the the adjusted net Diluted and the year proceeds year quarter for $X.XX to the
and income on year quarter, bargain on equivalents cash shown in of the September cash the XXXX, adjusted $XX.X per Cash prior non-GAAP earnings XX. for diluted were share Our million. slide $X.XX are gain. trends in lawsuit flow adjusted Operating the XX, purchase again
in sales flow volumes. was the quarter by cash an increase production accounts and Our growing first year during for impacted receivable current and from operations largely inventory
year. quarter of of the by the also the a activities our included prior compared current million cash million As proceeds last The first of from $XXX,XXX year to operating result, $X in quarter of operations used the settlement. provided quarter we from lawsuit in first cash $XX
ended for Our to months in the cash increased year. the same compared XXXX, X day the X prior days period XX, conversion when September
by accounts days days payable day XX declined our compared year to quarter. As prior one the of
metric, our reflects product million, new new and hand, to awards Our and trends. first equipment sales at and our year PDSOH inventory days, receivables days Capital respectively. outstanding, XX capital metric, quarter support with Slide or on depreciation XX accounts and totaled our to were manufacturing $X.X the the flat prior sales production in XX, days manufacturing quarter capacity. related increased our investment our both investments in largely
As XX, on which were Don our million, from $X.X purchased June Borrowings were of XX, September million our common during the million up at stock credit $X mentioned, facilities XXXX. we $XX XXXX, quarter.
have by facilities, Our represented short-term million and credit the balance would plus any amount at unused to growth. as well our continued like that, to our Saeed, would strong, I call with for $XX XXXX. conclude analysts. With we in to of analysts very totaled questions today's we're September positioned I the XX, and sheet cash saying up like liquidity questions do available, equivalents from queue? cash the is open
