Thank Kristie. you,
We continued the our on strong top quarter. line performance, last momentum building from
Kristie growth sales second healthcare, year. in was verticals. the quarter excluding over was David XX% acquisition, basis, hospitality and as increased increase quarter our strong a an last On in And a $XXX sales our by Our led revenue mentioned, our XX%. commercial million, organic of strong the Edward second which were performances
we healthcare this row XX%, mentioned. ship we in this in within solidify vertical. their Kimball and increased project increased this last this we vertical healthcare in accounts. of our Sales program strong the advantage experienced and sales as double-digit is in as over have quarters. acquisition traction our custom assisted our the larger Edward where relationships We growth previously but with the the this the several and of our vertical, also And as fuel strategic in sales. end vertical, that's very hospitality seeing we Commercial focus of Our third new growth from increase We're attribute leverage the growth in and healthcare development David product, business customers focus the with to the both XX%, is where up relationships a strategic and a opportunities to quarter growth the fourth not expand sales custom very being investments Edward while of row we portfolio. strong increased, product our with was ours market. of only have that further capabilities growth we as double-digit strategic experienced a by health and as XX%, growth continued strongest showed revenue David been The also quarter take will hospitality branded Kristie
was primarily had and vertical and the contributing shipped, that to declined only federal includes which agencies, decreased was more The This we state government, quarter, this vertical mid-sized growth. decline the quarter projects local that down XX%. Government several was federal, sales. due to
that about X% large current dramatically year had our is shipped, prior we quarter, smaller of year. more impacted size the the did in not project several Additionally, the that timing quarter vertical The by occur this are business. government projects of and sales vertical total of
increase and organically, in in led or market. commercial, X% orders X% healthcare, increased the and X% were vertical a by consolidated orders in Our higher education XX% increase a increase XX%
last that year. and increase over X% a million $XXX was at finished backlog Our
sales aggressively sales growth. And the just during to a committed Our do in new of vertical from the metric we product hospitality an in fuel the strong again being new exclude hospitality because primarily development We impressive products were XX%, quarter. up future as to product quarter, this do the sales our sales our during specific. total representing XX% hotel-brand are remain reminder, investing
while XX.X% all XX.X% increases volumes, price higher last from were results impact points. our the gross the higher steel costs, healthcare reduction price at up basis profit the leveraged increases by XX% transportation we benefited lower from second realized with savings points. negatively margins able gross approximately and reductions. our XXX to consolidated in costs offset basis to increased quarter sales year, those compared increases cost quarter, We Our ending so and cost with initiatives and The tariffs, XX
have level So headwind, at been still we a a experiencing. lower but than
also The margin productivity already David since acquired continues shop floor on reduced our the we've in has the XX there. progress the to points. made short Edward our significant, consolidated work expected, time gross given been improve October by As the and acquisition late basis them
to XX incentive effectively second selling administrative higher of points expense to well-thought-out income a being helping and operating productivity that's set increase CEO including which CEO The profits, to prior quarter related to foundation increased year. strategic XX% dollars Operating increase $XX and basis next last excluding sales strategic related during compensation costs, The of growth. by net of adjusted improved increase income transition costs $XX we was costs. in XX% to -- to million a operating compared XX% in as or quarter for profitability. expenses percent the making Selling administrative increased $XX.X The driven compared CEO costs, transition the operating $XX costs or our the the X% and million. sales, of this transition and quarter sales. $X.X year. and higher income thus, a commission costs in non-GAAP ended growth investments executed investments was was the are million or have an drive chapter of at million about improving absolute And plan million, are We and and were
to Our lower effective reform. benefit the is tax rate XX.X% the compared to XX.X% second was tax that due And last for the year. from primarily rate quarter
diluted $X.X the million quarter $X.X compared compared to per Our share last earnings net for were year. $X.XX income and ended second last $X.XX year, at to million
balance Now moving sheet. the to
remaining to short-term Our We of the cash dividends quarter $XX.X at in million equivalents December, approximately XXX,XXX share cash had operating $X year million current second million repurchase investments the in we totaling cash, $X.X we paid compared under million. the of second end balance XXX,XXX $X.X million last flow shares had and quarter the shares, program. At $XX.X in December. was and and our of repurchased end of
we will continue So, to opportunistically. shares and monitor repurchase market the
in for corporate Kimball through manufacturing primarily equipment, our brand six $X the and maintenance These the automation, $XX.X were totaled facilities, to capital and renovation for million expenditures investments and first headquarters. related capital months. Our million quarter expenditures
capital be around expect for XXXX as We $XX we fiscal continue million expenditures these year to investments.
little very debt XXst. Our remains with balance December strong of as sheet
and have $XX credit million covenants. a in compliance all We facility with are
our very growth continued up, it expansion were in wrap with to of QX plan. pleased the So strong and cost reduction we
to pathway are and where to not margins we improvement a structure. we our them of wanted be, While cost see the growth through do rightsizing
that, future will we for As will Along our couple months, targets. that mentioned, the growth Kristie new over foundation the growth new our next of will long-term set be success. we communicate and with financial initiative communicating our
have to and questions. We that, to onboard. are more With excited about like look today's I'd you the open We soon. call excited with to to sharing forward Kristie future really
Ashley, have do we with questions? anyone
