Thanks, Don.
my webcast and the along to by slides Events the the During be the slide follow advancing Don you can if which Investor tab, referring on deck, Presentations Relations be portal. mentioned, comments, our webcast, on you're listening found via can website within I'll or
As to a shown XX% the net quarter sales net an prior-year sales $XXX.X sales ago. foreign reduced were quarter in $XXX.X exchange compared net approximately million, million was net our which first by on X, the were of the Adversely quarter. for Slide sales rates, first to our first X% year which quarter our compared increase, impacting
in were X% impact net our sales GES which acquisition, resulting offsetting quarter. to However, added rates of from foreign the the sales consolidated currency the
X experienced vertical our Slide the net market. quarter. over our represents prior-year sales double-digit four verticals growth Three by end-market of mix
largely the same which was new from programs. vertical of driven the XX% North quarter markets, ago ramp-up each to automotive volumes a Our increased year in compared continued America, our by by of up was led
a to compared vertical year-over-year in up The quarter quarterly record $XXX.X the of related XX% existing million. demand prior-year to to new the was medical current first increase primarily was for quarter programs. Our strong
up introductions. was program demand associated industrial result acquisition, in the programs a and XX% revenue ago from Our GES of an additional a metering year as with vertical new increasing smart
with prior-year flat the was vertical first quarter. safety public our in sales Lastly,
which quarter, quarter was X.X% from first Our Slide the points basis the improved gross first margin year. in last reflected fiscal XX X.X%, of in X, on
business a from Our improved of improvements lower margin and locations result at in quarter at costs, gross from in GES compared efficiencies volumes, certain ago in domestic offset year than leverage an adverse to current which quarter. units, impact increased existing was healthcare the increase largely of year the more the a the
finite-lived first Selling with the lower percent and administrative compared which amortization million down expense, stock as in XX decrease was the assets were GES deck, dollars to in down absolute and was administrative costs absolute The the $XX.X and system net in expenses, selling more Slide first intangible points and consulting acquired sales X which a of prior-year basis quarter, acquisition. approximately the included compensation offset the quarter. of information in lower dollars than $XXX,XXX
ago. credit X or deck, net of in year X.X% of borrowings expense year came for the in X.X% $X the of rate million the corporate sales. fluctuations. in was compares GES on of expense a primarily This fiscal year of Other or income on increased facilities on unfavorable $XX.X the facilities expense, foreign period first acquisition $X.X year our quarter first first and result of quarter, of expense last at for in same the compares credit in was million net purposes. losses of our and million interest net the in Operating income currency $X.X income Slide million million to an quarter $XXX,XXX sales of current expense The $X.X to net the the first of in in the from financing quarter, XXXX. net operating which was borrowings increase approximately general exchange result on primarily Other this
year was $XXX,XXX largely the subsidies. $XXX,XXX expense, current in which Other effective approximately approximately performance to the expense in The related included approximately impacted related tax foreign losses government the prior-year of quarter was net XX.X% year of and excess the while to approximately granted by in tax to rate first quarter, excess shares $XXX,XXX unfavorably the tax were offset shares. result $XXX,XXX rate first during by prior-year foreign first in the benefits compares quarter which for $XXX,XXX of prior-year granting expense in effective was first quarter quarter. XX.X%, discrete currency tax net quarter partially discrete performance The current the of interest
trend. our adjusted reflects income X Slide net
was year prior income lawsuit, $X.X earnings $X.XX the XXXX came to we non-GAAP million is proceeds first for the from same class fiscal in quarter the in GAAP the in quarter and reported share per of of year. quarter year, year diluted non-GAAP of action XXXX. for first at were excludes $X.XX This first member. million. million which received which of last earnings fiscal a share this per up $X.XX compares net of fiscal from Diluted a income income of Our $X.X net in The quarter $X net adjusted the net income adjusted
flow Cash on and XX, Operating XXXX XX. Slide cash trends $XX.X shown at equivalents million. are were September cash
was million, which In $XX during first used by Our the in and cash operating by operating cash. was $XX.X factoring arrangements. resulting provided decrease items third-party receivable quarter largely from the plus million accounts driven prior-year net increased a non-cash flow year income of utilization receivable, accounts activities quarter, activities of current first
or period when or days more to conversion same the in days offset payable a to in for which the than three the DSO. year, months cash decrease September XX, ended a decrease outstanding prior Our related increased largely accounts in compared XXXX, sales CCD five days, days
a year CCD reduction fourth decreased However, our DSO XXXX, offset days decrease more compared quarter sequentially in a AP fiscal in the four as than of to days. our our
of during As which we helped receivable year factoring DSO I drive utilization mentioned our quarter, our current increased lower. arrangements, accounts the earlier, third-party
our reflects XX trends. Slide and capital depreciation
totaled were A to down which to our XX, from our equipment portion at in current during down of pay facility the were Don XXXX. to our capacity. was new investments activities credit provided Borrowings utilized $XXX on million first XX, operating to support $XX.X at mentioned, quarter by and the related million, current quarter June cash debt. awards production $XX our capital As XXXX million, our September largely increase manufacturing borrowings
facilities Our short-term as million our equivalents, XX, September the liquidity $XXX plus available, of amount XXXX. and credit totaled at represented cash unused cash
conclusion, hard growth position condition and return to continue are the our to In invested also capital. and in financial continue solid operating while we our margin driving trend, improve excellent is strong our to on
With Sydney, that, we questions have do questions analysts. up today's from like I analysts any to in queue? the the open would call with to
