right. All Thanks, Jim.
and comparative in quarter revenues pound resulted the the $X in value the year-ago. a sterling lower declined a respectively period the have the X%, the we’ve decline the as same currency to wins continue in despite performance John and the the solid and face, devaluation reis peso, our Mexican that of which have be in Jim Brazilian quarter, indicated, compared As each million year-ago. second X% the And to XX% than of
financials, the Now before of the reclassification remind our for quickly to variable this prior of year, accounted such in with as year and we marketing get rebates, you in customers Prior expense. about sales want I as and considerations marketing incentives sales components we support fiscal of and numbers. to cost contracts certain revenue
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prior the on ongoing currency fluctuations. As mentioned we’ve program mitigate we calls, have to hedging of impact an conference adverse
recognize contingent quarter this former adjustment owners the payment we gain the of related a to to Quat-Chem. $XXX,XXX consideration Additionally, an of
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stock earnings of in share. prior-year. million differential the per was represents in The $X.X to about benefit $X.X tax related exercise $X.XX However, options higher the million
calls If fluctuations net a I've benefit company resulting a price in activity, you activity effective in could between will quarter, of by that $X.XX each first options Depending in be tax expired stock earnings quarter. particular in option significant second-quarter. per that October our tranche prior-year, $X.XX in share. year past in remember this rate of the different the impacted stock but to and indicated the our This tax income on tranche expired on in quarter, to exercise overall our the and result
corporate rate the company an from $XX.X XX.X% compares Our income. and The income which is $X exercises. net property almost million in rate quarter. our favorably of in operations assets from invested option the this $XX.X tax in to the reduction U.S rate to year-to-date tax the prior-year due net and to equipment in stock generated cash in second intangible We in benefit effective the the quarter, million statutory of tax compared effective XX.X% million
inventory prior-year in Our end of finished our $X levels. increase with rose million since X% an goods balances
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