Brad. you, Thank
in partially quarter and volume currency second price million of $X sales million, driven million and consolidated million mix. million X.X% were the foreign $XX This which Moving unit results, favorable by was lower $XXX from by to impact, unfavorable of $XXX of $XX were XXXX. down decrease offset
light in from into Tire imported products China Melksham vehicle production in decision as achieved million million related $XX was restructuring This margin well the in X.X% new to XXXX, of United Operating quarter as operating profit of England. tariffs $X Europe's $XX million Cooper costs was cease $XX an resulting second of related States on million to to tire of in compared to despite costs sales.
we XXXX, quarter provide we respect tariffs around the with expected the new implemented million. Let on the update Last be XX tariffs. to February $XX that of to an cost me full-year indicated TBR for
TBR be was increases expectation will price the these to there that on in tires U.S market offset Our help costs.
and see broad we that pricing implemented to have the we increases, expected. yet we industry others While price
TBR market Cooper demand tires that industry and we eventually will remain to strong phasing pricing will with continue believe result our relative TBR to in pricing. supply for
number However, receive we sourcing take good agreement beginning previously from quickly as with we are our tires pricing do our We're commercial of Vietnam. We're and expect actions TBR not that will received up to diversification. making on ramping assumed. footprint as occur the Sailun off tires progress
is half joint of continue Sailun in At on the and venture next track new to May, the same our the further U.S In from in TBR diversify production of XX% plant tire evaluate XX% to TBR we year Chinese the with with early commence expected first time, on opportunities section construction a announced the XXX imports. certain sourcing footprint. to administration tariffs to increase further
experienced we some TBR immediately. Given tariff This passenger from China was included on Cooper impact raw our imported LIFO our that increase method well tires rate incremental applies a in in previous accounting outlook. as is in This car tariff the not both negative materials. U.S., to the as
for updated for recent on fiscal rate $XX for all is newly million. our estimates and expectation our have sourcing full-year of the other impact variables, we XXXX implemented gross changes As and expenses tariffs
which charges projections amount transition charges Melksham restructuring our nearing As full-year million of ahead expect completion million with second restructuring XXXX of approximately in the little be and the was in schedule, in we continue Brad $X in line to quarter. indicated resulted to $XX $X is earlier, range a the million. This to
Europe in when experienced this leverage the more slightly manufacturing will fully this of in conclusion action completed, remaining our than manufacturing in network, and benefiting plants disruption Cooper approach Yet expected. we we volume more As globally. transition,
distribution volume of the $X cost $X related $X.XX higher higher the quarter mix; stock-based ceasing of quarter following favorable Now costs, enacted of let's at costs the was million the related take products liability a quarter XXXX $XX compared to impacted excluding raw by light tornado XXXX restructuring to $X million product vehicle Total tariffs on profit favorable non-recurrence share of primarily million XXXX. XXXX. included primarily incentive due tire into in also share with the United other costs price company including of walk. in higher $X second our SG&A million to million look million materials in from of million, tariffs; production factors: $XX operating $X.XX new of per the Albany to in of warehouse Melksham; and compensation; second profit in earnings million; Diluted increased imported compared China; States unfavorable operating $XX and recovery new of insurance was per $X of
$XX to operations. unit Now quarter of tire down volume, compared X.X% million turning our down the volume sales a by Americas second from as $XXX year-ago. to offset partially for $XX a unit result mix. X.X% million, of period was of Segment were XXXX Segment favorable the million and lower million in same price $XXX
Our by vehicle light U.S by the X.X%. unit decreased and volume industry while X%, increased USTMA X.X% total decreased
XXXX. price U.S operating million profit Operating $XX compared or million tariffs from costs raw of by mix, $X volume, with million to $XX million other XXXX of liability million favorable $X new on into unfavorable warehouse of million products insurance million the in SG&A recovery quarter XXXX. of $XX imported included or profit non-recurrence increased the tornado to Americas $XX in manufacturing excluding of higher lower the costs, costs costs and $X China, $XX primarily of of higher million material X.X% $X costs product new that of tariffs, of due Second distribution $X of and improvements, million in enacted Albany increased X% in million favorable sales net sales including
volume favorable our This of from second unit million result million XX.X% in to tire $XXX weakness vehicle of was international tire and Europe and with $X both of price by XXXX. in in decreased unit and replacement part unit the by foreign impact, Net market large offset currency China million new turning second business. partially sales driven were for of driven Now and mix. by decreases quarter down Asia million, in European lower quarter volume volume operations. challenging unfavorable Segment were XX.X% $X the the $XX which
million unfavorable $X million $X higher The decrease $X by unit in price profit $X other $X second of offset to which million million $X partially and and material $X of lower million costs, $X related international quarter mix, million were of lower operating and compared costs of The manufacturing of restructuring, volume, raw was million of lower in charges our England higher SG&A operations loss costs. million included $X XXXX. Melksham to of costs of operating million
our expectation slightly the quarter a XXX.X This from XXXX. XXX.X Raw be quarter second sequential slightly in XXXX. up material quarter from increased but index the second index down line first Raw sequentially was year-over-year. in with material X.X% basis, of in XXXX to of decreased the on to of
sequential the For expect a material our raw quarter, and on we third year-over-year down to basis. index be
corporate XXXX. to Other first estimated return now benefit year. versus planned increased expenses quarter, and increase $X.X Turning items. the of is postretirement lower compared this the the to prior on Similar million result primarily assets pension to
have to which expense. funding status funded in portfolio As our strides protect of is made we improving the quarterly in pension the result risk increased a status, net order in less taking plans, the
the million second accrual to quarter includes for the rate quarter of the tax pertaining The the year. compared last to effective for tax was additional of items XXXX The uncertain XX.X% related positions previous XX.X% discrete quarter for $X to years. XX.X% -- rate tax of
-- quarter million net the items of tax discrete second included tax included The XXXX rate. of impacting $X a favorably
restructuring items and form the company the order range in full-year effectiveness More in Melksham tax between planning perspective. operates. on for on company discrete in with annual decision entity based be with in and to rates tax will our excluding from various effective jurisdictions, rate, tax effective conjunction region be available which XX-Q examining SEC rate significant will XXXX XX% is related the later the that earnings taxes estimate facility, We XX%. detail will be the tax its a filed a of In our the forecasted today. structure the to is ensure The
and its the highlights. $XX some at cash $XX Turning in invested to the $XXX impact XX, the June Vietnam. compared million quarter June balance million quarters. of cash XXXX. million X.X% Unrestricted Return second period XX, for goodwill new year-ago. XXXX expenditures has at on million of capital with charge joint compared fourth the quarter, the quarter flows were was XXXX and million second company Also, the same excluding impairment $XXX equivalents four in were invested a Sailun the in cash the of trailing with Capital with venture $XX in as sheet
comprised facility is credit its an to year. XX, credit existing XXXX senior and to amended June mature date maturity Cooper of to the the in and $XXX $XXX $XXX bank revolving June extended borrowing million existing a that of December executed loan. On million. amendment The be which XXXX agreement this capacity XX, the loan to draw million primarily facility, The to proceeds from retire used term new late X% a new will the notes increased
good additional very million the of able time, be The to attractive back At some save flexibility amendment annual interest we the opportunities rates, fund provides with savings XXXX. for given reinvestment beginning $X will financial same Cooper to the into borrowing in business. approximately
us. Before Brad, to it to priority remains capital for our reiterate that over turn an I returning want I to important shareholders
in As quarterly the the invest supporting we'll balance we repurchases our near-term our as business. pursue committed but to share opportunities in more in attractive opportunistically quarter, to demonstrated we're second dividend,
back call I'll Brad. the now to turn over
