were more first had low-teens in and This in growth than growth prior high-teens The XX% quarter million, increase which growth million increase significant of the by earnings $XXX $XX fall-through, XX% of growth Thanks, more in GVR, in with expansion growing In Matco was net double-digit of was of prior mid-teens broad-based while the adjusted earnings approximately core the revenue supplemented the to bookings strong primarily and year led XXX share to sequentially. non-EMV to rollout operating were year-over-year for markets quarter North growth in adjusted core and compared earnings quarter margin first $X.XX $X.XX volume of continued EMV growth. XX% quarter High-growth quarter. Core basis points the year XX% in period. America. contributor the bookings XX.X%, the grew driven growth high-teens, by driven a by than Mark. revenue an in from in an Adjusted of per net period. revenue the translated strength the first also
To was driven of XX% by sold in Mexico management basis With by driven of inflationary $XXX and revenue adjusted execute growth America primarily in markets, and quarter the progress saw points of both XXX dynamic cost margin through in share half profitable manage points margin we XXXX, the Latin supply in the for that profit cost continuing as our operating -- growth gross to we of within operating the operating made basis growth of year we end, India gains. period, leverage growth to million, back the and strong Adjusted XX core drove compared expansion expansion a goods continued high-growth the first prior environment. strong very and expense. particularly and initiatives VBS chain we and
free million, lower conversion, a conversion performance of to XXX% the a $XXX coming translate Our is is quarter. cash flow for to in working earnings cash volume normally seasonally continued growth adjusted low through flow we quarter. typically build the off free of QX year-end flow as what capital very in the the low cash year point strong with in historically
place $X we retired and opportunistically the better billion execute we quarter year gross company to temporary through We under had of the our billion targeted on interest which However, put billion of working XXXX impact senior debt structure. notes volumes. also This facilitate positioning $X.X to maturity average two this October improved increasing loan, the the an to repaying while subsequently first at our by payables our on further indebtedness $X.X of term debt capital quarter, actions high in closed of receivables including was M&A. approximately In our X.X% lengthening satisfying spin. $XXX financing our million rate
from time Our strong times at leverage and spin times X.X the in earnings free resulted year. end decreasing net the the to in of X.X growth along our October of XXXX times with last in our of generation cash flow at X.X
by solutions XX% America deadline. Looking growth top retail in Teletrac and due XX.X%, Technologies Mobility Navman. GVR, two growth continue growth mid-teens strength point-of-sale markets. to GVR strong core North in multifaceted. demand in line in strong core at performance revenue solutions sales We non-EMV partially of from platforms. offset and aftermarket demand EMV the growth to The we ahead environmental and in our of the saw high-teens And high-growth was see primarily driven had by
to diagnostics strong Matco Teletrac XX.X% repair platform, that strong environment substantial with accelerated demand business of by core high-teens we Navman driven end and was As the remain sales core growth growth remains revenue and Mark return experienced will growth. improve by and Matco. at mentioned, the primarily the technologies continues same-store our In demand to growth the optimistic year. as
height consecutive of the We the to additions third the continue add we to distribution posting quarter base our franchisee pandemic. of net during saw pause that our strong following
company sales regionally, was at total the truly broad-based. Looking growth
high-growth Europe. by markets our and XX% with grew softness in North grew total As mentioned, Western growth I low more in than double-digits America, partially offset markets mid-teens in developed
which on of progress growth In opportunities through We addition as markets, the discussed in operating continue QX, last actions $X is adjusted of the the position our we as our will charge improvement progress we million charge from net to we made the for better that quarter. on company a profit is recognized in profit to restructuring This full the million excluded charge we year. year. anticipate also that approximately part our $XX executing
a our XXXX sorry. to share to outlook rate benefits complete our XXXX approximately count as We from to these the during down $XX our XXX actions our expect million assumptions. -- second base reminder, with year, year million acted the look weighted about positioning achieve Taking now by closer have quarter in XXX of and in exit actions expect these our We substantially environment. in cost we the at decisively a year pandemic average be in line quickly the review. And demand for last prior to reduce and the million
million the Given saw V-shaped third we those of $XX markets, our costs quarter of XXXX. the in return of the in majority recovery about
return supply the and cost chain for of constraints We the year. actions the guidance pressures full have temporary from our the in both contemplated XQ and impact inflationary these and
working first flow the free adjusted unseasonably we cash for built capital quarter Historically, year. seen this the quarter the in point this of have XXX% year. high QX for have was as conversion a Our and conversion low in of
and year. that XXXX, likely anticipate be be for for high QX the For point will we will the QX point low the conversion
to the expect we quarters free as to working conversion demand. noted -- payment three for with actual down see around in the Furthermore, of dynamics due from cash occur last that payments said, remaining XXXX of work we three XXXX full year in to flow XX%. levels QX We The have capital All still will we anticipate will compared tax spin. in we quarter, the QX. conversion better federal to from five as align as adjusted
expansion enjoy and strong a from capacity. financial we balance billion robust sheet healthy in a margin a ample earnings a to our year excess back and position of $X growth, meaningfully Overall, turn near-term and operating year with the a will -- that, for raise meaningful M&A start with Mark. expectations it with Importantly, liquidity to to and growth. With full core I
