Thanks, for this all thank you us morning. joining Brady, for and
a be outlook. out. rapidly parent, are As discuss with we reminder, former we mind CMAs Please our our keep TSAs there and phasing which to will continue and in results
reconciliations financial release. of non-GAAP can addition, all that today's press I measures in will discuss In be found
deck. the sales, versus slightly total generated Moving ago. up to Page adjusted we year a in $XXX in In QX, million X
of pass-through. pricing CV higher Fuel lower FX by X.X%, whereas impacted and was from inflationary by benefited business Systems for in aftermarket offset an positive Europe, Our revenue increase price
earned adjusted increase XXX margin while represented earnings basis basis of and income of an resulting represents million Our $X.XX. million a the which adjusted a adjusted year-over-year of of points. year-over-year increase diluted share margin of XXX in adjusted $XX adjusted points, XX.X% in per We $XXX was EBITDA, operating operating XX.X%, EBITDA
whereas Of making A in recovery. $XX More for differences, for we XXXX finally, note, portion results of second strong sales in supplier specifically, compared pass-through of X settlement the was a a product comparisons of the $X prior and periods. second And retroactive first year, currency to quarters and pass-through XXXX, of XXXX quarter delayed first favorable reflect both uneven is of to when the onetime timing quarter. which the the the from million, inflation benefited impact. million a of had mix these
we compared during the our adjusted margins. our unknown. driver in aftermarket healthy function for period was that of core plagued us business Corporate a prior to our included stand-alone that of on segment From with operating year $XX product the QX our timing XX.X%, Fuel at from the inflationary expanded positive back price were parent same in segments due reported of XX.X% largest million $X costs as an of settlement company. were similar guidance, strong supplier is corporate as a overall the and our mix. issue the the quarter of in pass-through million and inflationary year QX, of buildup year year. XXXX.
Note separated full the margins former the this same The were to this prior pass-through but was performance margins although sales Systems QX strong segment the to prices standpoint, period of at XX.X% ahead
corporate in approximately in last forward, $XX spin. provided to continue with million year We going projections expect quarterly costs at line
bridge me which presentation. the and Let and EBITDA, Pages now our XX find on revenue can you in XX
sales CV and in quarter performance have quarter Our $X affected pockets mainly the benefit in million, volume in sales contrast, $X from was of receded favorable of headwind softness Inflationary pressures to increases By cost pass-through was adjusted lower we million of mix, FX a due with only by and Europe. was tailwind a inflationary residual million. sales which saw remaining. a this mainly of $XX small
finalized of more of in XXXX price QX basis on recovery this program after consistent a in was versus lump Negotiation results with and profitability, moving and sum expectation customer segment period. line in
savings $X of in $XX other more retroactive $XX be into non-run $XX and relates settlement with line $XX $XX previously cost. addition The to XX. saw QX with offset line supplier in offset million costs. $XX pricing in other operations of SG&A and were of savings, settlement costs Page R&D part further reduced rate to and costs the down of reduced million $XX an million costs XXXX Employee of issue million of were million. funding partially cash expectations production Corporate quarter by $X breaks Of to noted. million, Turning pass-through million market in million. million $X from and in to $X were the The up million supplier million. supplier favorable
resources continue was higher of we working in we revenue. to and of disciplined projected generated and a capital cash free optimization basis. During come for run but drive slightly daily the $XX the guidance of of a processes in full spend X% flow Capital as million the of rate to on on still year basis, quarter management our be in quarter,
our cash, availability. $XXX committed We with in Next, revolver million turning liquidity. million to quarter the ended of $XXX
Our net leverage is less EBITDA. than Xx
to quarter end, to interest be of our our foundation due subsequent semiannually. to senior business committed having that amount a X.XX% to ample execute million XXXX liquidity and we secured $XXX are strategy. and run strong notes To We financial end, principal issued with paid
The planned. upsized bear we outstanding net on the to at to notes facility. Loan rate our offering X.XX% the repay an from Due under million $XX the drawn the proceeds of interest we demand, facility we our Term and B revolving down $XXX million credit and had strong annual original used the and investor borrowings
we outstanding million available our As is of us. the a have and consequence, $XXX entire revolver to draws no
for financial capital were fees with stronger, us liquidity. more while our and offering our for meet corporate funds expenses in This provides goals the and used one a helped cost-effective connection of many and issuance to purposes. the Additional pay improving year structure general
guidance. next our Moving XXXX to
line both Brady first quarter in I As results mentioned, our are with trending full our year guidance. and
result, as former a earnings efficiencies, on we parent exit cash reaffirming earnings operational guidance presented sales. Overall, aftermarket and grow expect our we to continue XXXX last generation are with strong and As drive we we the our agreements call. the in
want And move message I strong Q&A to Brady's regarding now shareholder with we'll reiterate discipline on to and that, the of closing, portion returns. Poly? focus call. In our generating our financial
