Don. Thanks
if tab comments, my on Relations to Downloads & portal. which via it in website the tab. will webcast slide the within can can our the Or find webcast, on I listening Events referring Investor Presentations Don the be deck be you're found mentioned, the During you
as on $XXX.X market. X% million, were net As mix a the compared offset our to lesser continued prior new first Slide program than same in automotive $XXX.X was to which was due certain the China, represents vertical North of vertical quarter was increase net introductions. first X and net decline sales Europe. The America year, in our to in compared largely degree, our ago sales by America programs was X, the increase in to North quarter million demand shown a Slide X% the sales more ramp-up up a year quarter. a up, prior net year in of by sales which vertical to our Comparing and
increased was in last product Our ramp-up demand existing QX our to both compared year continued medical current quarter vertical and of certain up X% for the the programs. launches from
ramp-up X% result was a vertical year of from launches industrial well the products as an climate up product new as to ago related for demand of metering. in from increase a as Our control smart
from Lastly, year first flat vertical safety the our quarter. prior public was
first margin gross in down quarter last X.X% was Slide Our X from first X.X%, in the was on fiscal reflected quarter which the year.
down and basis were year first health administrative the deck, quarter, up million in profit $XXX,XXX Slide expense, and due information $X.X which year related expenses, in the quarter. currency year year higher the the higher systems The mix and material ago costs. was costs, non-capitalizable foreign higher unfavorable costs. less to sharing compared and care offsetting from the in the in XXXX. implementation which costs, compared and the XX of gross quarter higher to compared to prior increase absolute availability; in expense associated the current were a adjust points of payroll the largely dollars to onetime to headwinds; up lower and product tightening bonus noncash designed fluctuate. margin part costs consulting was programs; stock domestic related costs mature incentive was X related first is component was selling to as $XX.X compensation to year profits absolute in administrative expense decrease administrative million a Sequentially, Selling partially Our Partially largely S&A quarter fiscal salary in fourth in to selling increase prior with and dollars
year Our quarter net of the of $X.X fiscal income operating adjusted $X.X compared XXXX X.X% operating XXXX. of and million compares in first of expense net was of the the income in for to Other X.X% the year in quarter, sales, quarter same the first period a year first in came Slide to at or which expense or ago. income income fiscal deck, million a of sales $XXX,XXX X on in million $X.X net
Slide to for the by offset The subsidies, locations $X.X the year related year losses dollar quarter, result XX% technology of flat result $XXX,XXX approximately first first other statutory the tax $XXX,XXX rate. quarter. and income well exchange. the $XXX,XXX was foreign impacts our in a benefited to currency U.S. we first Jobs the effective quarter gains effective investments the compared The and approximately In year expense exchange The expense, quarter was and currency year partially Tax U.S. million tax reflects $XXX,XXX had U.S. with rate was federal of the the of which first current relatively prior X on net foreign government quarter, which as by of In from benefits net previous upgrades. primarily the quarter current effective recognition to adjusted lowering prior rate related foreign tax improvements tax as the in year net XX.X% Cuts U.S. benefits of Act XX.X%, other rate the net discrete income prior largely approximately tax were the to in our discrete of income included $XXX,XXX. in the interest first foreign weakening as favorable the of current driven of in trend. the currencies of tax more in
quarter year Our in which of quarter from income first fiscal at million, first million in came the XXXX. $X.X fiscal income reported of in down net is GAAP $X.X XXXX recorded net of the
Our first of million share we a current proceeds member. XXXX, income first excluding at a ended per lawsuit, were XX, earnings class year, same Diluted which was year action the fiscal last in XX. $X.X in which non-GAAP to at trends received from this cash million. $X.XX were which - equivalents of quarter the were $X.XX adjusted net Operating September the compares cash quarter, $XX flow quarter year. we on in Cash Slide shown and are
and the used inventories flow plus of income activities to through million capital, to primarily components. the an of from the volumes, usage to by quarter by related production schedules $XX working offset more in noncash push-out tightened increased was certain cash the items of during increase cash current year was than as increase operating related customer in an manage supply net our Our first
by the flow used Our operating in $XXX,XXX. first quarter cash were prior activities year
over of and The is in new conversion contract revenue increase a contract our or work of product. the June XX, days XX as on the awards. primarily related in largely were Borrowings for investments from at totaled asset accordance metric which we equipment, when and credit over new days earlier, $XX recognized reflects X metric, increase our cash contract XXXX, as facilities months XXXX. September to receivables performed in the The guidance. and XX recognition recognized revenue common of relate domestic million The manufacture days. result X the the borrowings to the cash revenue of a be The which improvements of days over depreciation time new the the day were asset of in and acquisition, adopted the in days. addition same which, recognized as to X-day now is and trends. production of payable inventory X our asset preparing new reduction our million, prior to October on are GES for XX, of a our stock. acceleration from our repurchase hand, facilities the year million, time machinery fund including first should our to recognition quarter was of with result our capacity increase for equipment on for decline were PDSOH, and quarter needs, the increased outstanding, quarter and days and $X.X sales metric, Slide to as as our $XX.X Our PDSOH inventory to increase which we XX, revenue days as during from contracts production manufacturing in an the related up new date capital Capital only XXXX, to ended a sales and which offset partially for compared three September in day or quarter X-day the this the during are DSO, period a guidance days the addition the majority in days accounts the mentioned offset well support the that increase replacement the closed older with
the and from and are for general banks. at company's previously the of during up and credit available restated credit capital used to corporate the option and working with for acquisitions. $XXX facility primary in expenditures the increased which to quarter increase the As purposes, to $XXX consent request include expected facility announced, was borrowings, amount capital million proceeds amended the an company's allow our be to The first participating million
million be analysts do our that cash credit sheet cash today's like the up Our Lisa, would of open our September we to that, well amount would represented XX, balance conclude queue? questions call at liquidity XXXX. analysts. we're by to any positioned with as short-term growth. $XXX I With saying equivalents and facilities very and questions I strong continues the in totaled plus to like to have for from unused