or you, million Please fiscal slide sales X.X%. decrease third net $XX.X $XXX.X to a of to morning, $XXX.X nine, and in good Thank million Don everyone. ‘XX, quarter turn compared were million
premium quarter's America. freight This currency impacting million and sales million large had the recovery buy cost impacts. Also North roll-off $X.X of $XX year quarters was a prior spot in unfavorable program and comparison impact automotive favorable the
currency sales X.X%. increased the impacts, recovery year-over-year Excluding cost by and the foreign
driven in The distribution and was strength for full-year datacenter applications to XX% applications. quarter. represent the of expect of now EV solutions a sales. by product in We EV the XX% sales fiscal ‘XX quarter our reached record consolidated EV power
fiscal expense. despite in lower noting $XX the factors of foreign currency and Third our selling impact would was $XX.X operating million million that cost to income to mainly unfavorable lower material inflation, It is decreased and the $X.X million, due sales. have partially $XX.X million from quarter year-over-year impact flat from ‘XX, administrative those offsetting operations in worth X.X% absent translation unfavorable currency been
earnings the same per in XX.X% diluted to last year. Third period share quarter decreased per diluted $X.XX share per $X.XX diluted from fiscal share
expense an expense In was last driver, unfavorable million to assistance government exchange million, of an year $X.X income expense Other foreign the from sales, clearly an remeasurement reduction other rate increased addition increase other lower this major year. COVID-XX. higher from translation. the in to of $X.X of the $X.X EPS million negatively and going the was the to related tax expense, to effective these, Of currency due mainly foreign impacted higher and
by not nature impact government the expected exchange forecasted. reduced the While remeasurement foreign assistance was was
Please turn to slide XX.
a were manufacturing in lower of offsetting decrease XX and margins compared points costs. them Material quarter the Third higher gross basis year XX.X% were factors, fiscal partially was inflation quarter to main in costs cost ‘XX. contributing the restructuring XX.X%, as
mainly a expenses decrease. a expense decrease Third the lower XX-basis expense. fiscal a ’XX, compared quarter XX.X%, annual as percentage point year of was selling incentive of and and was as to This restructuring administrative in sales factor lower XX.X%
lower sold partially in in Note some that, expense selling salary are captured and some restructuring cost and goods Higher of those costs administrative. offset expenses.
a margin unfavorable XX income expense. to and operating points selling compared to was as administrative and currency ’XX, basis quarter lower decrease. Material more in foreign inflation fiscal XX.X% translation Third than offset cost X.X%,
EBITDA, was other unfavorable period third same Please was versus volume, turn to the slide XX. higher by Shifting higher million measure fiscal year, $XX.X costs decrease. non-GAAP quarter negatively in manufacturing impacted financial a and lower the sales our $XX.X currency million the foreign the last the XX.X% EBITDA translation. expense, EBITDA to
Third XX.X% XXX-basis in same was year, versus XX.X% fiscal margin period last the points a quarter EBITDA decrease.
a the the of described, was major other change expense previously driver year-over-year As in decrease.
slide to gross in million to in Grakon the $XXX.X since reduced debt turn million quarter XXXX. the third XX. of $X.X ended level lowest acquisition September with We we by cash. have our Please Year-to-date,
shares million. the measure $XX.X we end fiscal $X.X million decreased for $X quarter, of to financial total Net by our $XX.X debt, at bought from million, the the bringing $XX.X million non-GAAP year-to-date During million back to ’XX.
trailing-XX-month debt EBITDA was approximately Our to ratio X.X.
was debt approximately X.X. Our EBITDA trailing-XX-month to ratio net
We the inorganic solid from offers capital which capacity, initiatives. continue debt flexibility allocation especially perspective, have for a growth company to
the is Nordic of combination financing purchase to a week, not last on under financing of expects facility. fund The Lights subject announced debt existing cash credit a with hand condition. our As and to Methode transaction
Please turn XX. slide to
activities compared million ‘XX. the increase $XX.X capital working operating year of as from in a quarter. million improvements to cash million, fiscal quarter healthy due in Third was primarily the The $XX.X was to $XX.X
in million The function as the prior $XX.X of mainly increase an as was ’XX, fiscal million. guidance. quarter of expenditure capital in spending quarter a level Third the this $X.X lower wasn't level million, was in quarter keeping to spending year compared annual with of the $X.X increase our
million million, free flow Third due measure again $XX.X ’XX, was of non-GAAP quarter increase improvements. another compared $XX.X in primarily $XX.X million. an capital year This fiscal notable cash was working financial to increase to
to a continue our and investing opportunities to We we'll balance continue growth. pursuing inorganic utilize and to it by strong by organically have sheet grow in for businesses
Please XX. turn slide to
‘XX change guidance, variety to subject on is on fiscal it Regarding based management’s as a due and estimates of this noted slide. factors to best
billion. the range. this fiscal experienced billion $XX.X range fiscal we us The been offset to we revenue ’XX. midpoint for previous year material the $X.XXX expect for with $X.XXX of price have ‘XX will updated from some increases be million to headwind has cost was the success lowered While in expected inflation, The ongoing remainder
updates diluted The expected share. from quarter diluted range $X.XX center updated demand has lower the main drivers auto the the $X.XX activities been weakness third earnings and and $X.XX the impact in to exchange remeasurement. are by share for The Asia midpoint lower to to foreign both per per with data
does as guidance updated Our from acquisition costs include any not guidance Lights. been have Nordic other assumptions follows: the
amortization $XX expense We XX%. Our which XX% XX%, $XX also Estimated million, CapEx estimated rate million is $XX unchanged. between It million, potential to $XX million discrete not from tax to unchanged. is effective of lowered depreciation anticipate any items. and remains does now annual XX% and to include
to announced market we will in mainly compounded of sales Due a and program three-year in year. growth fiscal previously a timing organic XXXX. the of ‘XX and vehicles, auto datacenters the commercial reminder, the X% with roll-off growth expected large occur the fiscal As annual rate weakness year organic a year target as base
of business Don awards. has As us before, Methode pipeline center mentioned replace not only strong enable the a rate had console at but X% we programs, will grow They the targeted. have to the
activity new result XXXX, expected organic programs is fiscal in while launching be over growth year growth XX will 'XX. will timing year this for in the investments The launches We in flat fiscal making of target year to organic in support our fiscal XXXX.
none of of reminder, a these Lights. include acquisition the As Nordic projections
on XXXX our in for We our will results details June. XXXX report fiscal guidance fiscal provide further when full-year we
my comments. concludes that Don
