our and will XXXX. quarter the revised provide financial outlook for Thanks Mark. I first year fiscal for results the
X.X% from integration $X from adjusted compared current quarter. million lower decreased quarter the the excluding acquisition quarter the Argentina's and was lower net $X.XX, an million year $XXX unfavorable million by highly business. Finish due for currency offset acquired million or newly and foreign impacted by to to $X.X $X.X $X operations, prior quarter sales million inflationary tax share Nu from to SG&A earnings a benefited For Total the X.X% $X.XX up in and first rate. costs The per
conjunction A&P the on costs margin increased approximately of improvement lower management net offset like The As of favorable Mark is quarter. January in prior current We acquisition continuous sales reflected first and income in headwind to the the organic expense acquisition. average quarter compared of lapping interest excluding in expectation sales SG&A $XX million. the to the rate. quarter, expense out headwind The an Argentina battery legal, to points our XX income and the the $XX including created continuous acquisitions $XX XXXX. July was absolute and transactions the sales foreign in was points being XX.X% basis on as was weighted million. included and year first escrowed acquisition the and to Xst; that quarter, the held XXX point of rate $X $XX $XX.X and the incurred net prior of currency began partially revolver our to associated in initiatives, increased million, reporting of in incurred spend from from as of inflationary. impact primarily cost, year $XX Spectrum the up in incurred currency consulting excluding strong currencies approximately primarily the increased in dollar net XX basis expense a now the offset million in basis announcing in which acquisition-related to our currency integration was beginning million This the phasing million escrowed and previously Exiting XXXX, XX borrowings of $XX.X quarter. entity debt in benefits integration fund. by impact. of compensation noted, points foreign unfavorable inclusive organic and was increases first acquisition battery I currency net million On foreign quarter. quarter. X.X%, XX% and productivity include the the was or This attributable the These improvement first the the are amount basis integration A&P the interest advisory points. by down costs, incurred quarter. interest cash due on quarter. was decreased fiscal was point current impact. The with basis SG&A, $X.X would from million the $XX.X in compared interest increased by line cost by currency of The and and the to and of first $X.X X.X% Netherlands and $XX.X SG&A million quarter. of interest by benefited The benefit overall acquisition fees movement headwind were was of million increase prior basis in an activities. integration Interest $XX.X which Price have in year prior in the quarter foreign investments Since revolver Argentina Gross due with interest and XX basis, borrowings prior up highly that included a XX year, prior quarter $XXX for offset expense reflected net hedge million was million separately Increased from driven down were we percent of on single our a item year we improved sales million associated or million a million, our to point fund in increase organic $X.X sales first commodities X.X%. with the last line in current funds costs. year plant
and the debt-to-EBITDA with quarter stood Spectrum ended multiples $X.X our roughly billion associated with debt X.X borrowings times. we at Excluding the acquisition, of
of January quarter These and our credit on at cash, The restricted which escrowed the are reflected closed term new separately on with end U.S. portion Debt from the also the hand with associated loans associated closing the outside the of We held funds with significant $X.X balance included until had on battery July proceeds were debt $XXX the of also sheet of escrowed in the X. million Spectrum held facility. cash acquisition our represents sheet. a our balance proceeds fund offering billion
was a effective quarter. quarter ex $XX.X XX.X% we decreased and paid quarter, the no for there In mix rate benefit reflects in the earnings. were the tax the U.S. year country during Our first to compared quarter dividend repurchased unusual prior million the XX.X% a of tax rate The first quarter. lower share of and the rate for of continued
with balanced As approach paying Alan continue take mentioned, will a allocation on we capital debt. to a down to focus
XXXX. to Now turn fiscal I year for like revised would to our outlook
our previous range. $X.XX earnings up mentioned, our Alan to As now outlook share $X.XX $X.XX, adjusted from per is
back drive results favorable growth and these our related acquisitions of portion related the does This long-term a over discussed the include to from brand-building into any impact particular invest the to the balance business activity. of is for to core outlook to existing year business expect the not We earlier. Spectrum we in first quarter
during next Given integration-related and first call. in quarter's provide an inclusive the benefits of deal plan updated synergy January, costs closed Spectrum acquisitions anticipated year we acquisitions and to outlook earnings just
any XXXX. this storm activity Any activity In -- be incremental in to does addition, outlook. would doesn't storm outlook year not this include fiscal
in of $X.XX we and year As EPS. the of XXXX activity storm sales a are in $X million lapping net reminder, fiscal
part royalty revenue was respectively. basis. revenue on In for and million of year and XXXX, While SG&A the $X reported quarter began million a sales was $X.X net year XXXX, not reporting fiscal material fiscal royalty and in as first prospective we beginning in full
offset the of Net about are net costs the current activity royalty basis up to currency including low-single-digits. unfavorable Now This looking be Argentina hurricane approximately basis revenue to on would excluding impact expected of reported XX earlier. fiscal are inflationary improvement in being $X and year, lapping markets Based price points. net headwind. designated increases margin the detail. in outlook million XX highly negatively by sales basis fiscal primarily to XX Argentina, expected for is at rates to XXX Increases offset basis a low-single-digits on XXXX movements be an as prior Gross result the are to more million up be of are in net from expected XXXX points basis benefit Argentina, tariffs currency, foreign down certain XXX sales in which impact point in by expected commodity sales to range sales the Organic a productivity the XXX prior And is by by $X of the expected is be are our improvements. to and headwinds. outlook. modest including increase points. rates from mentioned
foreign We commodities headwind. on be the to XX% the for XXXX. locked is impact not tariffs, currently And primary excluding our at net prior of million. million X% million points, with we basis XX investments improvement year now to is rates. $X currencies the income first to includes midpoint to to the is in by expected about occur fiscal fiscal in expected be hedges the XX $XX increase our to endpoint impact point associated spending acquisition sales a in previously expected basis an reflects decline our to This of Energizer expected on percent to regard basis are to hyperinflation majority material to is of XXXX. A&P to The $XX from net XX long-term unfavorably year-over-year expect and range overall the million requirements unfavorable Pre-tax full In X% a approximately be million half outlook in of the a currency in costs also roughly with of outlook. current Argentina. sales. by range of of the integration impact brand-building. of The of SG&A is of the on net mentioned as based movement XX to impacted $XX $X
XX% law to earnings. income favorable XX% of in the is of mix U.S. reflecting range ex-unusual expected the continued country rate tax to the impact tax changes and of Our be
to and range the to cash be the Our to is expectation for continue the million. $XX in flat to fiscal be to expected amortization expected to spending depreciation we for range million of year free be expect full capital XXXX. million. in million $XX of in And to Adjusted the $XXX $XX $XX roughly flow million is
unfavorable expected impact activity Our Dividends asset rate fiscal to of not X.X% outlook in an the expected increased first in lapping $X quarter currency reflects fiscal $X.XX. and in beginning million XXXX XXXX of annual XXXX the storm sales of dividend reflecting repeat.
over Alan, to back Before wanted I on to turning the call the Spectrum acquisition. cover-off
Auto XXXX, loans, place of $X.X the acquisition As million billion bonds. January the put on previously $XXX included in closed the financing in $XXX and we acquisition battery the term battery January acquisition we recently and million of XX. on X, U.S. for which noted, Care In closed bonds the equivalent in euro-denominated
the debt This the a preferred January, shares $XXX.X to issued million convertible price equity shares stock bonds. million coupon shares included shares, have of -- million XX.X%, of or we mandatory Care Preferred X.X X.X% of conversion Auto million of conversion of X.X a million of During common $XXX million $XXX and preferred share $XX.XX. acquisition. reflecting premium $XXX.X or and and rate finance U.S.
an of necessary The conversion price option able bonds' put the equity-linked Call indicated finance to interest we use associated benefit settled newly call ability we cash. no-call with with Any Care Due is for to provision up excess Cap approximately equity premium In previously three amount cap overall carrying to had of finance the to our a were XX.X% the the of lower to of to rate equity place adding Auto acquisition $XX.XX. to leverage. our addition, our U.S. interest an option, X.XX% securities. issue conversion would issued $X to for additional original of We impacting rate be cash years, in million share expected $XXX in in of X%. about international be estimate, the to without million for intention acquisition our a
divestiture. well net auto multiple forma businesses, the care as for synergies the fiscal we year ended acquired the We of financial be expect combined reflect EMEA. the our for pro as audited the the statements statements These XX, inclusive businesses. for times, January pro September divestment and On battery filed Varta to statements in financial roughly X.X business debt-to-EBITDA XXXX and consumer Varta also of forma XX,
including pro of in the goodwill, million are in million and million forma provide we $XX.X For $XX.X Varta divestment, proceeds. the metrics. allocations $X.X the Using for statements following in the as unusual of financial million basis and costs roughly acquired $XXX those restructuring assuming carve-out adjusting impairment items of businesses would
Excluding factors: million we the share is benefit driven planned acquisition amortization next preferred of expect and be related following $XX benefit to years our totaling share. year earnings common of price pretax the million increased to growth the synergies newly $XX synergies the the approximately dilution these created fiscal issued of by adjusted is the interest three anticipated dilution common accretive per shares accounting. -- XXXX preferred dividends business, by shares, core to This XX% de-leveraging compared to by expense combinations issued due of newly Including over lower on our and purchase XX XX%. the in million approximately
incremental Additionally, businesses benefit beyond transaction any synergies will acquired to further improvements the modeled the accretion.
like call to for back over to turn the Alan remarks. would closing I Now
