Joe, and everyone. morning, good Thanks,
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we outlined have future transactions to income our previous recognize into As years. entered three SEC and from in expect filings, those in transactions the similar
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of are I Page X presentation. our an saving like update our Now, would to on cost initiatives, provide outlined on which
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third these will little temporary from most our During we benefit These for see of the we quarter, run the fiscal to and actions year. in rate these reverse be began savings will not in savings fourth the next quarter. cost
the an annual as base initial million million by of Joe of target reduce mentioned, additional our of savings launched we cost 'XX. with to an $XX During effort end quarter, $XX FY to fixed
additional costs quarter. in to $XXX,XXX expect roughly of restructuring During initiative this the costs we absorbed third fourth and restructuring the quarter, related
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Turning to Slide X.
the as $XX strong. capital Our with year. to management. investment improvements opportunities. significant strong capital compared last With going than in past our sheet of return two to and million have had expenditures capital COVID, from cash double, primarily Earlier sheet year quarter, the working $XXX Year-to-date, generated this plans. capital $XX balance We bringing by at to cash ramp balance point intend decided achieved in to flow back driven more $X total last our operations, point and uncertainty we cash $XX strong support third in scale to up of flow this from million year, spending million the million remains flow less million year-to-date spending quarters, higher forward at the we than we we
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position, buybacks we strength repurchased the financial quarter share $XX million. for the With our shares decided to during of and resume XXX,XXX
wrap our like would few I comments on to up, provide I Before outlook. a
With detail quarter. our again as release, let guidance not markets. forward we seeing seen we're continued you've press provide fourth in into architectural end this decided provide given we the quarter, the As trends our financial uncertainty in to that move the some said, me on
impact some our architectural have conditions and soft We projects and Also Systems segments, markets, expect the the of new revenue fourth out In in Architectural operating income which next Framing of quarter, year. the Glass. quarter. Architectural project both lower delays in continued moved be will much benefit will quarter rate market likely without tax in the into than Glass the third fourth negatively in
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drive our low addition, Joe. and that, gives call to over In long-term debt I strong us liquidity With turn will shareholder cash significant flow, the tremendous value. flexibility back to
