Iv. Thanks,
call, we posted presentations our performance Investor cover website on the earlier have mentioned As slide Relations key that through measures.
We Strategy. have Capital Allocation posted also our
first the up compared Iv with highlights will income into more go operations quarter. million, year were up detail on prior company reported from income operations XX% the from $XX of a Net $X.X XX% operations The period. the the net per first for the sales are for moment. which non-cash $X.XX share $X.X income included divisional Here financial for million, or in charge. prior for period. million compared period, $X.X tax $X.X compared a per diluted share, of quarter $X.XX $X.X loss or million diluted income million million with was the net of year to Net prior year a
Excluding XX-month quarter material among foreign sales several I performance operating fluctuations, million and cost, million XX%. overall rate headwinds, Consolidated EBITDA X.X% freight return or comment raw performance Trailing for or namely compare a with factors. The labor our divisional reflected same was XX months net quarter of $X per improvement period on a period shortages was in compared sales, tax the $X.XX first moment. current year this of and unfavorable adjusted or capital XX.X%, reflecting first on affected exchange million XXX.X% other period by was the this performance for quarter the for ago. $XX The an year, effective for net of income diluted will higher of was a charge $XX rate year income with X.X% divisions, both the last year-over-year of the fiscal impressive XX.X%. share. net year but for income last trailing sales adjusted for was same non-GAAP tax
rate $X.X China of have and mostly higher by earned which effective rates fiscal located tax this the of by quarter net year during charge, affected foreign was first than operations Canada, income in tax that income Income year Our taxable mix than is U.S. because earlier. tax the the quarter significantly quarter higher income mentioned I the first tax of fiscal the during expense of current was income million the our last
fiscal the the that XX% Looking today. this year, currently of we facts second consolidated rate ahead will we tax be our based rest effective approximately income to the know on estimate quarter for
currently we cash $X.X Additionally, tax million projecting XXXX. are income for payments approximately fiscal of
versus as to subsidiaries our with be rates changes in projections, the only by management’s this earnings year our year our China Haiti relation located are estimated U.S. foreign China, in over can dollar. affected well and fiscal tax cash associated the Importantly, in as annual actual Canada operations payments the and foreign current from projections for income exchange
at segments. our a take Now let’s business look
For quarter for quarter, compared the million, sales to compared million Operating $X.X of $XX.X income operating quarter the mattress were ago, up last for year for the first segment, with X.X% XXX with margin impacted was fabric income points. an income operating the by first compared of of million, was X.X%, with year’s quarter XX% increase pandemic. a basis $X.X year which an a ago, COVID-XX the
prices, performance currency quarter last the in China, Canada freight sales in reflects and by first quarter increased as inefficiency the offset shortages operating to a for raw solid improved first costs, unfavorable foreign Our Canada. due labor and the U.S. somewhat year, fluctuations and primarily in compared of material
of affected mix year’s freight price additional primarily shortages help expected the during and quarter. results to costs, improved particularly a the during quarter by income X.X% first implemented pressures. compared the was by margin, increase last quarter favorable the inefficiencies As our driven product operating to to our cover in performance material fourth of the were and further raw labor half operating inflationary and increases second But operating due
a during was second to period Notably, temporary the the the resulting surcharge lag the through these trailing operating also help continuously take quarter capital quarter, the for during fabrics a midway implementing while period. control in are XX.X%. performance to price that for affect our cost mattress offset effect not until XX-month pressures, surcharge on Return We costs. working will will
year, which ago, Haiti affected and of Window Operating an income of was our first fourth in dramatic first as as the quarter cost impacted $X.X with the operating the X.X%, sales Read for ago, with in $XX COVID-XX in sales points. well For $X.X% to compared startup business, compared performance quarter by negatively million, increase million, operating growth, XX% last decrease for of were margin XXX lower the to up basis million over was new with costs prior first the by the also of topline quarter Products income upholstery X.X% quarter year year the year Despite compared margin income a a as segment, our last a $X.X pandemic. the freight by for quarter and year’s our facility. compared operating fabric was
cover previously the implementing last second exchange rise year freight to currency are to fluctuations but help rate additional our costs. continued Notably, pressured Our has surcharge foreign by as we the compared implemented some in offset extent, quarter currency the first to operating helped freight in China. price increase as intended, during foreign of quarter also performance an was fluctuations
lag given an range and longer XX.X%. in segment timeframe installations, Window between the project business. began XX-month growing also period months, project for there of the to months the capital a six was typically upholstery and backlog nine three-month temporary a during on for see our We improved is but disruption fabs for which for quarter, for often Products this pandemic-related Return the the results the Read to first impressive business term impact
total flow outstanding of balance of generated the of $XXX,XXX from flow the from end sheet of outstanding are as period operations and three million quarter, million $XX for no million and free with period. in debt and Here cash and $XX million $X.X with free flow year cash $XX.X first investments compared for flow and months year, million operations the the We same year. no negative last cash reported and the the was $XX.X investments, the in cash of of borrowings of total end the at prior highlights. compared cash We cash
for the expenditures and as during as we quarter As first associated to by in new flow continue due lease our machinery, incentive equipment operations capital to cash our flow free the new presto IT business, campus, and expenditures to payments sales, purchases inventory for higher expenditures related compensation invest investments, building well were operation. our and upholstery from with Haiti innovation including bonus affected cash our increased
quarter, During quarterly associated dividends and on we business spent and the We $XXX,XXX to repurchases. in expenditures lease our million building Haiti. capital million first with in share regular invested paid payments $X.X new $X.X the in
With place While we it expenditures that’s strategic second continue into investments of turn leaving quarter. current the note with a in cash and to will available planned the shares back capital, quarter, first XX,XXX taken under our during year to sheet over is XX,XXX in portion the our repurchased Iv. share our solid of Haiti the call pleased significant are the shares for going additional X.X repurchased to been with stock that, quarter through capital XXst, that very utilize working approximately and second approximately million investments program. during company we balance common The I’ll repurchase August approximately important
