our operational a we ] questions.
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performance progress in continue past the this make our year long-term plan. the to demonstrates Our we and strategic clearly plan, validates executing
past contributed from to to Russell accomplishments being congratulate are Index. I you as of XXXX Phinia's thank year and the evidenced the to a Additionally, special recognized by say the recent all to addition want It's along passion that will to our our our listen and colleagues business, long-term many success. this whom across their strong of to and into continue contribute dedication, with call. brands, the
expect. performance last pre-spin on carve-out we stand-alone of to team's operational moving before this financials. commitment dive note highlights our in and the we results, our I One comparing leadership starting plan be would the will discipline financials with Now on execution quarterly our Slide second financial strategic X. to the is we long-term quarter quarterly with time The are
sales due and CV EBITDA EBITDA adjusted operating margins XX.X%. segment light to sales basis margins Systems lower of the in XXXX margin XX lower quarter our resilience performance XX.X% retroactive Our of same stand-alone to transactional Aftermarket basis QX of in business vehicle and line of XXX We and in and an in an particularly adjusted company period X the business, the the million of our XX.X%, increase as previous was reported points year million reflects Systems from and prior segment slightly the Total at lower points adapted segments, year. and consistent Fuel aftermarket respectively. of This decreases were Systems $XXX were sales.
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with returned IT was cash million systems.
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move on Slide X. let's Now to
the On we and This product share our leverage and products. is again evidenced wins once organic opportunities both expertise to our identify growth for long-term market lines our near-term recent continue by high-quality and that engineering across product front, geographies. efforts and reputation
complete wins leading supply of deliver wins the utilizing fuel Indian we its growing to Chinese leveraging win example an the market.
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Now let's priority. move to Slide X. been a financial Strengthening our post has spin position
improve As in our majority of long-term secured on significantly undrawn new disclosed, rate This our previously loan restoring reduced of and debt off term by line notes. a issuance and overall revolving to position liquidity fixed run drawn we balance capacity with senior transaction of rebalanced early April, on the revolver. paid the our then credit expense, interest our our B rate
our more We also restrictive credit on amended execute strategic numerous priorities. covenants, agreement which to our to provides modify flexibility
we lower add refinancing. feel to to X.Xx, cash we expect increase Obviously, and enhance interest prudent Xx it's stability to target the debt value. we if leverage what to were shareholder service the we our debt be from and to new net to similar X.Xx. our they Given will to our leverage only rates, is costs increase the If prior utilized
and days. we the $XXX the recent further growth next repurchase nearly Board. our in shares, million in only This coming the share our million the plan steps potential. to outstanding quarter, remaining, review to long-term demonstrates authorized the million of repurchased commitment for confidence we During With Board company's over to returning most by the our completed shareholders and $XX have value $XX opportunistically
remain conditions. to Our capital healthy as provides strategies to shareholders continue with flexibility return our generation, buybacks. as confident to via both with organic us solid inorganic long-term coupled and our of despite sheet the growth market share cash and our the our growth in business well the dividends opportunistic current we balance summary, initiatives, support In and
today the who future QX have brands, like discuss results, it as to leverage We are capabilities our will outlook walk hand many year. opportunities through recognized our our Chris? we to scale.
With us over for well and to Chris, that, globally for our positioned and the our I'd and
