the XX the Thanks, and on well. our echo our page morning, Doug. And on typical is Good Slide adjusted reported right and everyone. is the comments your page. left adhering results I hope side our Doug, formatted of earlier format, results on to safe Starting everyone the and and with
on results, skew we view in which We our underlying the onetime nature that in items or otherwise focus as commentary excludes will adjusted special performance. trends either the important
the $XXX austerity driven million EBITDA a million. estimate lost projected loss we stoppages netting costs, amortization. short-term asset our Details for For of -- and the down reported actions, XX% COVID by appendix Sales the applying that sales customers of which, in our in Europe for and at noted, impairments the By adjustments restructuring netted relate our difference about Adjusted quarter, cost production and presentation. quarter, to drivers $XXX quarter. were purchase adjusted the out year-over-year, was across the margin quarter approximately biggest these accounting various of between the our results Americas. billion the was are of as Doug our $X.X and the us on
However, and moment, we'll Europe as regard equity our Therefore, $X performance. improving to million and more With of capitalize related in of is was continuing income QX equity business interiors $XX performance on markets. or no XX% year-over-year, continued a discuss income, China comparison, a our to 'XX improved to operations consolidation today. across longer included million very operations Adient's that our apples-to-apples experience Seating to Adient's as part business China a America of the in up result an income fiscal good
point share, to that $XXX our income net I'll loss. a also expense EPS $XX of per adjusted $X.XX net were in year-over-year, and contributed Finally, out our of quarter respectively. down tax million and significantly loss the million
rate during Adient's by tax Mexico, losses, during allowances pandemic. on Adient XXXX of due rate you this the tax many effective for of losses the tax in United entities in Similar recognized tax QX One years, by valuation valuation therefore, others. tax an For based deferred including did actual 'XX Kingdom, use calculation significant their effective United why to the this it if recognized Adient benefits operates, benefit QX and The current the against tax was was entities and wondering you jurisdictions Germany, assets entities the of No those recognize not recorded associated recall, located tax fiscal among which in States, quarter allowances, calculation. of an third with with not to necessary methodology of comment were quarter on many incurred losses. the versus rate estimated taxes. continued benefits annual last uncertainty that year, the are
lost starting down Now detail, decrease, XX. let's Asia our ago. Slide associated and to with to period same billion, on of across We America, the year again, decrease $X.X attributed was volume break sales in third billion a consolidated a year primary almost -- revenue the of Europe results Lower reported the the compared a year-over-year North production driver pandemic. volume with $X.X quarter more of
the strong substantially quarter at exiting noting and X XX% and of platform of currency driver Brazilian Americas and the quarter impact Europe by Adient euro. impacted call consolidated month-on-month quarter In XXX% koruna on on almost exiting real, favorable China, periods included right, April. pre-COVID the box the addition, at the quarter, by sales for out the were the the million. markets the The biggest in Both XX% in were driven In between as customer the beginning levels. Americas the roughly Worth sales both quarter, the to our progressed, mix. improved down Czech of between negative the movements $XXX
and volumes Europe. to For the saw sales impacted similar pandemic, improve markets materially what began America returned, of we were and Asia, in but production by to outside China as
the compared of or With markets, better in to flat. within each Seating sales regard to Adient's production Adient's were unconsolidated markets. relatively were line revenue, the results For year-over-year
up Adient variety business, varied as Adient FX. Outside sales plus attributable the approximately unconsolidated results. market JV that operations sales versus in in to significantly is you sales excluding XX% a China, were performance China. and back unconsolidated China were outside exposure most unconsolidated our peel However, Adient's network, the to average, primarily results of stoppages the recent sales down the year-over-year, luxury of mix strategic the JVs. onion, sales In driven same strong consolidated between China, versus The affected of specifically unconsolidated by OEMs. impacted of these JVs XX% of production has Japanese our were the These On quarter. through
positively with what We consolidated progressing, are again, we're encouraged -- with -- that's It's to encouraged we the seeing sales our sales. trend. similar were
was performance between bucket are back such segments and was Moving of corporate The central to XX. that executive impact corporate $XXX of office, represents Big the marketing. operation, not provided Europe communications, year-over-year legal to driver across to a finance, our Slide versus The last as bridge million steep of the EBITDA We've loss picture, significantly the million costs in adjusted periods. lower the a volumes of adjusted our $XXX year. labeled of EBITDA Americas, decline. allocated Asia quarter show primary and
addition, production, extent, planned year-over-year correlated divestiture dependent a moved through third as a of we stopped also had the to negative EBITDA is In recording vehicle highly the and December. month-on-month we financial Adient's adjusted improvement as showed performance steady on to Since comparison impact much the lesser and income on its quarter. YFAI last
May, fact, year-over-year. XXXX XX% down June after a our results despite were June equal In horrible adjusted approximately being to and sales April start about to EBITDA
Speaking of point. one results, just monthly more data
overhead certain through the Doug the have between was included and earlier, a performance, launch Americas the costs reduction XXXX. in and drivers. Adient's of SG&A improved performance every offsetting EMEA April and important employee to reduction improvement, as It's to on concentrated approximately cost margins the it, and and temporary and This million quarter, overhead next and margins net combined decremental business primary our SG&A, year. costs increased million, included partially and efficiencies were labor SG&A approximate May, lower improved reverse. mid-teens, positive improvement, and temporary out, The efficiencies volume not Business deconsolidation benefits Aerospace of September $XX benefit ops reduction XX%, even with divestiture repeat Excluding it, of to were impact also temporary are costs. contain in $XXX associated related with in helped associated to waste about month $XX the of COVID and a significant compensation with the alluded Back to of SG&A benefits call in as But year-over-year RECARO. point portion call the Labor the was the to that to and tooling primarily reductions Adient costs, likely lower began million. lower
lower slides of experienced For equity example, the segment year, earnings appendix by last from the you outside volumes than ensure higher business And XX% operations Improved impact the equity outcome second was -- offset restarted overall the performance and performance the Seating lower provided recall, would volumes presentation. a costs, line portion expectations. and plant and driven of with Q&A typically below by earnings expect. SG&A detailed and $XX impact to million YFAI EMEA of lower quarter in partially the decrementals mentioned improvement trend the our in Adient's the the with volumes offset of internal our direct in the income the China. In takeaway offset we is the call, of decremental but indirect the primary margin furloughing the enough Americas income in from was associated lower XX% contained region. benefit more by be Asia, performance if personnel. is This but on time our call, we allocated as would we've To QX
our structure shift slides now to XX liquidity me Let and on XX. and capital cash,
QX cash flow compared adjusted significant in $XXX There quarter, cash defined of was were the factors quarter's For as flow, less cash operating ending the outflow balance. CapEx, free to a several an had that our million. impact
a factors at these level, Adient's high Excluding lost included, ABL, production.
of million month us This approximately by a working working the again, restart sales unwind the of heading down the quarter. resulted in level. benefit and essentially the of of with production in trade outcome temporary us is quarter, capital roughly as cost the of shutdown headwind approximately $XXX noted Also approximately $XXX capital a every in two heavily expected of net Given subsequent QX sudden of cash. headwind impacted Therefore, about burn capital quarter high million We cost the on to months was a QX working COVID expected $XXX and were very into roughly page. side loss production XX%, our shutdown million QX. million, $XXX operations. stated at right-hand
working transparency, movements quarter, flow reinforcing approximate also in tend an that to benefit cash For I'd Adient's provided out production over remind of everyone working our full immediately a capital second smooth in $XXX million period time. -- capital to our when ceased,
joint on. million course, of offsetting million received from strategic the approximate and of $XXX just the Moving was dividends venture good of value in This, was the a highlights $XXX just headwinds quarter. very mentioned our Partially over network. JVs China of our outcome
In China for from million be dividends higher our million full year, to versus the expected $XX estimates. earlier fact, $XX will the
quarter, call addition to other a China positive as $XX tax In around benefits VAT-related the benefits handful items, million. those such and payments aided dividends, certain deferring of the
weather helped year cash total of you throughout need undrawn revolving the see $XX on we deferrals the -- million billion, hand quarter be of actions the Although billion storm, credit. $XXX next year. of ended capacity can our paid executing of enhanced $X.X At page, us our the bottom our which of line million will to of plus and liquidity very the liquidity, at included $X.XX these about drawn under these
$XXX would and announced expected would repayment. Key of potential call liquidity the drivers any factoring previously in which from exceed in cash debt liquidity billion Adient's Slide June and under QX $X.X before quarterly addition our point at Looking it, dividend forward, structure. our expect respectively, include September proceeds debt JV billion we end believe the million; $X low our working by headwinds; represented and transactions, of to On additional reversal of $XX million; debt snapshot provided totaled XX, $X.X to position, capital XX, billion, increased also net about revolver. capacity a we've of temporary and of China showing capital
X-month Just after flexibility believe we the on a past -- crisis. weather only not this provides lag the $XXX storm, a a capital pay revolver We it end such drawn the to revolver. the more flexibility that and balances than at to that debt million QX. to Subsequent also priority. QX inventory a top inventory cash Improving million quarter of cycle to May Adient the July provides capacity increased I'd approximately balances. availability here. few that AR was drawn Adient's the generation end is proactively on based revolver structure under of repaid reported or previously million and June remains based availability note to bit comments down the close, AR Updating our on the in $XXX $XXX
be in plans improve are to cash pay debt and and post earnings has somewhere $XXX range. run to $XXX the smaller balance obligations. time, out, Adient in to we'd Over we'd excess balance to million pointed designed profitable with in the take to X actions and have taken flow the various revolver Doug is look expect the crisis in Once our a outstanding down crisis, to million mirror, rearview As cash the environment. sales a
closing a on few remarks Slide Finally, XX.
That Adient's the QX. trend emerged to we're vehicle to industry in dependent we that the the months. environment positive by for correlated and months. Adient continue Adient's influence to coming First, auto global higher and sequentially also quarter, and the in will on production Building time. on expects shoots trend improve to green of encouraged vehicle production the we margin Europe across COVID-XX performance and and some the our highly production as sales, expect results we progressed the said, impact continue financial through established will in coming today, are in vehicle quite Since on third Adient America economic based earnings expect
$X.X range to to sales QX billion. expect billion we the in $X.X of Specifically, be
our million North EBITDA implies launch this the otherwise expected Adjusted range and between down the At America to midpoint, is be $XXX QX million. QX versus last expected implied volume. it's by the midpoint, decline less would be year, Although $XXX significantly versus decline QX, this in but in F-XXX. year's remember would of be impacted a to XX% important last than will at down sales by the the for
production our I not be be tempted than simple. impact not assuming from but adjusted COVID-adjusted in to million it approximate around comment being midpoint our expect range EBITDA, for full QX's than it year which, you biggest use point we includes heading numbers and to lower More many you'll Just The volumes And take I'm our the volumes, million an which the to at XXXX. it's likely 'XX, 'XX, that on $XXX fiscal as is do the starting uncertain. shown, $XXX know, factor your of will guide. for as know $X.XX settle billion into unfortunately, math, would of not, COVID. you that fiscal are very
impact such team and the plan RECARO our moves, The of year-over-year to XXXX. and with fiscal which this is into 'XX will as In addition, our sale portfolio the YFAI, share fabrics finalizing expected plan, walk you sale later we presently calendar the of year.
the on we'd portion adjusted cash finally, of expect the Operator, have to YFAI in launch last with million $XXX and settle of to year in $XXX million. be flow, plans, backing the to the after about our we in on $XXX million. to move equity QX question. million call. income be for expect to free line CapEx we'll million range, Moving to will first EBITDA, million. income $XX back equity our range of customer And $XX question-and-answer QX. Based With $XX let's Within that, out
