anticipated. areas, start will I as outlook We, for everyone. many few of others, pervasive focus some experienced on this cost making our morning, than has Good are progress overview the like highlights have morning the of significant this financial and by performance followed and permanent an we be in proven more remainder quarter to pressures inflation a with year. our many
the such, margin we of to gross are regions. efforts redoubling As address businesses and our our across drivers
have at to operating, employed our prioritize savings the and efforts pricing opportunities. initially optimize inflationary we management, expect bringing revenue on chain, pressures. costs in been expanded teams resources expansion cost to to cross-functional environment together the we of beginning those preservation and We supply well By the gross which provided continued dedicated to margin. teams we to help efforts in further ongoing coordinating consolidated historically deliver involvement, we the fast-paced incremental were outlook focused By given those that of focused execute efforts deploy as as the despite pricing were we November, ROI year, and highest able and able our projects these towards
growth we the in is We year we identified Care, in a to-date, and Based portfolios, gross remain of expect costs. already on margin year have incremental in Batteries This guided balance our rate our while improvement have Auto the can we and the of accelerating designed margin improvement. years this enhance undertake ensure gross half quarter deliver margin over that first the to to as work improved back done reduce program pipeline healthy year substantial earnings. the track fiscal full on the to and maintain pricing and future we both already
environment due has the investments customer season. investments attributable capital stock of supply the was ensure critical These increased of last more a prevailed in years. to working for to to The safety Our inventory auto and in elevated been pandemic. the recently inflation. volatile elongated the more incremental of course The chain impact increase service throughout primarily the care two were
working visibility chain the lower from of our us the improved as supply investments improved inventory to well stability our should heightened However, levels in allow global digital reduce and needs. capital as
cash debt to flows of second As more is and return recover. normalized cash our the we year flow to the prioritize will free we a result, generation expect in reduction half
our have analytic have our our has the visibility business data, and multiple which strides the capabilities. quality made over of years, digital our significant two over last we in Finally, transformation elevated aspects the we of
focused to are already benefits and we heard, we remain on implement capabilities return potential. tools have you new highest As and as with will these seek yielding the tools areas substantial
able the the container more For and our inventory to have transportation to which freight efficient analytics as of cost well can reductions, as on utilization, spend lead areas quality ocean optimize instance, and to identified reduce improve greatly been costs we have management.
disciplined through have and on the managing short- while long-term crisis. We priorities, stayed focused and
by capabilities, pay capital transformation in to to our we and will come. starting And by continuing generate like that and continue dividends areas margin confident to gross our priority in working results to management. we develop on our digital quarters digital the focusing are high is years Our improvement efforts
up another distribution turning X%. of growth were actions additional sales and organic were Now flat, essentially our globally to results, organic revenues Pricing X% X.X%. contributed delivered to roughly financial while reported $XXX.X million
roughly the prior declined were year. COVID as volumes we in demand quarter, While lapped the X.X%, better expected elevated they than during related
X.X%, our down offset due driven comps with was volume Looking Lights were able to year quarter roughly demand. at primarily grew Battery two distribution last COVID our revenue first gains. related these year elevated declines partially that with to segments and of organic as actions round pricing and the prior elevated We XX%, by
A/C organic pricing due the to As shift XX.X%, that actions, distribution to from a the additional Care executed PRO strong shipments reminder, our have quarter we into up and markets. its and March. effect third primarily sales international effect both first into the went continued mid December Auto of of quarter in and gains performance pricing round in U.S. a in quarter with second pricing went timing
implemented recent round into effect increases our across with portfolio, the most early We in price going have April. numerous
the as decreased margin months. for the were as increased and pricing sales was XX.X% X.X% XXX by adjusted of net to of As input quarter the our gross impact cost first offset transportation and labor a including basis A&P actions. percent expected, partially six for material X.X% points
more Auto second of a the is third quarter A&P to for spend, of Care quarters in shift to decision our our quarter due businesses. our year periods higher seasonality we conscious the investment created our year. While both and typically fourth This for last lowest ROI the made both as of investments
brands. more A&P we the trend towards prioritize historical year in to spending for full As a norm to we result, as investment our continue our anticipate
to million, Russian and up XX.X% XX.X% acquisition sales a market. On net absolute with pricing exiting and associated integration demand, SG&A Care and both primarily spend IT transformation. strong Similar to continued Lights for from to basis, was percent of dollar an and costs the related quarter, prior distribution Excluding gains. first and profit due SG&A $X.X the digital as our segment Auto increased year. actions in Battery from higher benefited the
the Interest offset our an However, benefit was March, $XXX,XXX, over million in input of the $XX.X expense inflationary million than year, completed inventory. to took term more performance more segment profit out roughly incremental as in bond for declined cost investments Battery opportunity Auto X.X%. and resulting which finance Care. stronger expected last increase to than than the pressures in at declines in our and topline offering we In $X.X the million offset of $XXX debt, used a revolver refinancing
As we the of slightly remainder in the result, expense a expect higher year. interest
Our us a rate debt rising rate at environment. well fixed blended capital current positions structure average is prior interest with now minimal of XX% X.X% which to the XXXX, maturities in interest
call, As globe, mentioned we the stock the success outperformance quarter. our we in fiscal on increasing be are digits. our million the anticipating average first Weighted sales million outstanding our for to of the topline XX.X actions for approximately common converted in shares the our And outlook on are on pricing half to were low-single weighted we average January convertible approximately on across X.X for year of last net mandatory shares to million. the Based preferred shares outstanding XXth. XX our XXXX,
environment the taken operating actions pressures. we the remains have along volatile, pricing inflationary cost to efforts expected While are offset management with
we million. results I Russian exit related quarter. outlook to $X of a and of the million want to one-time these result, earnings $XXX operations per $X.XX are share charges during EBITDA do reaffirming for $XXX note second to to the our As of adjusted adjusted that exclude any our
closing to Now I to would the like Mark call turn back for remarks.
