Doug. Thanks,
jump results and our typical left, formatted reported side. Let's slide XX. to format, Adhering the our into the financials results with the our is the page on on adjusted on right
We important trends and results, one-time view exclude will commentary either on that or focus adjusted in underlying which items performance. we skew as the nature our special otherwise
associated the refinancing. quarter, relate and recent accounting difference biggest debt our results costs reported the the and and with impairment drivers restructuring costs, to For between purchasing adjusted of amortization our
compared results adjustments China all production XX% primary driver quarter increase. the to quarter, were approximately the Europe appendix of year-over-year the in are Details quarter High-level for billion, the Asia, Improving of our vehicle in Americas, the second excluding and year. $X.X presentation. last were sales the for up of the
attributed with $XXX periods. These associated million primarily the EBITDA up was benefits of mix, two $XX the Adjusted was operating performance between in of a key minute. were expand million, business negative higher partially benefits drivers and year-on-year. to improved commercial recoveries. movements on increased the The business the I'll these quarter currency volume impact offset for and and by increase impact costs the
million Adient at $X or per income adjusted reported net bottom an share. of Finally, line, $X.XX the
Q&A slides few Let's second the detail. break next of the adequate slides included detail on call. cover more should our of the results in this quickly are an the I'll for as we amount rather have results the for ensure down quarter the time portion and set-aside
$XXX $X.X movements $XXX compared with FX pricing, primary increase of slide driver Starting an negative QX on higher impact between it quarter The approximately million. with consolidated increase We was volume revenue year-over-year million. the of the sales of reported $XXX periods million The FYXX. and call the impacted two XX. by billion, of
generally for as the sales outperformed. Adient's table performed regions company volumes quarter. the and and customer in-line production Focusing of on schedules in-line Asia, the Adient's the side with where make was the major consolidated with through broader modest production, to on market, production each the EMEA in Americas strongly right-hand continue improvements of slide, except
significant with launches our expectations Adient's GAC, heading the Daimler In industry are outperformance from in the and region. year, This charge. China, strong customer led is mix taking consistent Hyundai the the underpinned QX program the versus into outperformance new and as results hold. production benefit
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primary quarter the XX. include quarter. performance of not central consistent increased ago. $XXX show costs operations, EBITDA $XXX expected heading EBITDA reported segments periods. year to million allocated detailed are provided on legal. corporate corporate the finance influences The to year-on-year current the back office bucket page slide of the comparison bridge the into between as and labeled million of versus are we Moving Big to executive with communications, $XX mix. drivers was in and adjusted that a picture million what the associated our The volume and We've Positive adjusted with a represents are such
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by $X non-reoccurrence it weighed of quarter million the SG&A quarter factors headwind higher income. Other million. quarter's non-recurring finally, was the as austerity inventory of performance, from which that timing adversely recoveries million. FX revaluation a well the million engineering taken FYXX due And of by support the the on commodity primarily in weighed to driven timing launch compensation-related on costs. $XX certain the load, net included and a favorable to impacted as FYXX by of call $X in equity measures $X commodities, spend lower
performance quarters, with was out is expectations. segment the Stripping Adient's why the year-over-year detailed non-reoccurring in-line benefits Important results, the to ongoing be slide totaling in to comparison million the should note, non-reoccurring Adient's QX impacted. presentation. fiscal associated XXXX quarter a benefits was EBITDA second is insurance of all-in-all, very much benefit our net from our not included settlement, last an insurance which settlement run The internal similar-sized contain about appendix largely in year's with removed that provided rate. past $X a Similar we was
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Other improved positives freight included within business costs. performance
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of commodity recoveries higher Asia, inventory to year-over-year primarily higher by production Outside in the net driven favorable in lower leading and comparison by improved the the the In valuation commodities, due mix, costs. and of impacted business was year-over-year and material improvement by China, primarily performance, the business nonrecurring FYXX, adversely timing the outside margin freight benefit and way. to of related was of volumes region performance with improved volume the costs improved
venture, restructured These unconsolidated joint benefits a were FX by and initiatives. shareholder to our resulting KEIPER volumes offset lower partially lower our China and impacting from our equity SG&A our in costs temporary support growth JVs increase in at agreement,
Starting slides now of slide shift helps as XX. capital on Let the results XX move structure on the cash, working cash and in liquidity year-to-date focus XX. and movements. timeframe to capital volatility with on I'll longer me our some
CapEx million defined compares last flow $XX the impacting year. less commercial Free driven million. cash a by flow, higher for operating and by of the lower outflow and environment, better cash same-period modestly periods level an to operating level paid, two This timing reduced settlements, of include as the of comparison $XXX interest was the volumes between debt of Key drivers earnings of by a compensation. driven accrued level lower improved the consolidated
Adient typical by had and the $XXX XXth, programs deferrals benefits point of March end million to tooling factoring At XXst, receivables the at September payments. at low-cost and QX $XXX One of various million $XXX factored FYXX a capital on partially versus liquidity. of recoveries and working XXXX, last as source were continues we million of These XXXX. out call VAT to month-to-month the offset slide. utilize timing movements,
Flipping XX. to slide
and consider even on of billion of $X.X Adient's undrawn total reflects and quarter strategic when on noted of liquidity, credit. capacity of side comprised revolving outcome the quarter-ending the about right-hand ended the cash impact As the impressive million few recently good more you million under cash of of a A $XXX we hand slide, balance line executed. the $XXX actions with very
shares settled to execution Of company capital not that, in I the the of under to $XX statement why closed. Specifically, using shares of repurchase stock. cash know million. which $XX and our common of under with million That's full after XXX,XXX cash the just enhanced just the quarter resulted show million the April about related approximately the $XX of cash repurchases allocation in early will $X plan, million XX,XXX Adient outlay
second, And used issuance $XXX issuance, proceeds unsecured portion conjunction refinance $XXX company's were with from X.X% note $XXX million that million and August of go which a of the of of the million secured the of had the our cash set million large to in euro a in year to note B, X%-plus. current Term and prepay notes at Loan a cost this of $XXX time
of totaled Adient's demonstrate balance Adient's actions capital and versus actions. three debt to while to refinancing prior to implemented March enhance average the billion executing sheet, plan. of the The allocation maintaining $X.X commitment XXXX. half Speaking during debt to debt. net $X.X respectively position portfolio five years tenor approximately billion, about a The at XXst, years and our actions Adient's strong the quarter extended
XX Doug idle. a through said, is start, XXXX, we're that the quarters That to let's Adient of remainder to solid flip XX, to plan. mentioned, not as sitting With the first outlook Slide XXXX. XXXX off review two our its Slide on-track for achieve and fiscal of
in and that earlier. China share of have steel will its we've to as soft no elevated discussed demand half in need of North prices America, doubt second navigated, be The obstacles such which XXXX
direction, continue side, environment modest progress at a expect in to albeit a positive pace. we overall to On to the the operating plus continue
on conditions, about guide. through the to assumptions backdrop, at equal Adient's market following. year, forecast is our billion, current the production we sales land Adient's and forecast FX including that revised currently which for consolidated $XX the as results With based to and March previous
$XX few key EBITDA, results we nonrecurring adjusted the million, improvement insurance albeit half approximately a HX, $XXX income to For second versus in forecast continue implied driven of about excluding That including equity influences. Adient's settlement by as modest million.
First, America. benefits and production operating in environment associated with improving an North
relative to commercial Second, in of HX. the recoveries HX timing
in benefit in And fiscal the these certain year. Lastly, the lower increase benefits continued the latter China actions fully an production improvement are and of elevated of certain by and Europe execution offset material input raw half predominantly realize in costs North America continuous company's in costs including that fourth almost impacting full unfortunately, HX quarter.
is between headwinds million these for $XX $XX forecast current and million. Our
before more note moving item to on. One
versus the recoveries or of benefits for to the more the towards associated expect the is excluding just we quarter same just timing at EBITDA the insurance $XXX we with Adient's QX settle tilted the about Europe forecast level as Given recovery. commercial the HX which QX around production the in completed lower and the Americas, mark, completed, quarter million in
timing the first level at payment recent million. interest is XXXX expectations of after October Moving expense now bonds, given the fiscal lower primarily $XXX the out the interest as on. for cash at also which is The which XX, driven XXXX, called of interest, by the set close Interest rate as forecast $XXX debt well is is of million. refinancing new Cash interest on year. forecast Adient's is
Cash previous at of million monies launch opportunity the the No based result earnings of cash million. forecast guide level The million. now interest taxes the of of $XX combined has And expected is guide expected, now forecast are change CapEx, customer uptick at from as on the million $XXX expectations $XXX year, million. Asia. versus given certain up company to the our free-cash the largely with out from modest schedules lower February we $XXX the dividend approximately of previous finally, a flow $XX for of guide.
on to the portion the let's Operator, of our first that, call. we can Q&A With have question? move
