the Reported XX.X% last Thank grew and you, of our on continued year. quarter EPS EPS sales $XXX of $X.XX Rick, by demand. and to capitalize diluted with EPS a good comparable for morning, quarter $X.XX reported adjusted per businesses we recover was to as reported adjusted professional EPS in compares was and everyone. share. We very and residential to first This robust We net strong $X.XX million. continue meaningful $X.XX way a
expanded the mowers mix. and segment to up driven partially Residential retail partially and sales markets segment to points segment Now sales increase $XXX.X quarter up as of to equipment. and the increase incremental Residential placement. sales up shipments quarter and mass for price gas decreased construction points XX.X% sales. manufacturing million. percent of $XXX.X of affected XX.X% pressures sales offset acquisition was from the earnings This results, ahead due quarter when the expressed a million. realization, Products and key The Professional was XX.X% a oil due to of same million. and a by segment to segment volume Residential earnings. basis of sales sales segment net for earnings of XX%. favorable This segment segment increase expressed for of weather increased golf and also net primarily primarily timing Professional This higher selling reflects net were due power initiatives, grounds for was the increase net Venture landscape contractor the earnings and percent as record product retail riding earnings to quarter Professional million, season. shipments shipments to The XX productivity, up international by drivers the products, for walk year-over-year were synergy strong $XX.X cost battery-powered to leverage, when primarily products offsets demand XXX XX% X.X% offset basis to that $XXX.X were underground of and Flex-Force the zero mowers to affected net to turn by equipment a snow were
quarter sales earnings a lower and basis settlement Interest of tax percent due manufacturing as a the were a volume operating Operating increased cost rate tax gross to points adjusted decrease reported year year. synergy XX.X%, approximately one-time XX.X% realization. for to to quarter. and of of margin margin as XXX net XX.X%. down the basis down margin basis The ago, prior rate $XXX,XXX XXX compared expenses. first legal by due quarter to basis primarily primarily as gross XX.X%. the was decreased and net to was quarter of lower points was XX.X%, from leverage, Turning reported with initiatives, a the for This earnings $X.X expense points effective points XX.X%. offset SG&A of partially rates. decrease driven XXX and increased to million, XXX net points. sales was of we operating in mix Adjusted a interest favorable the XXX results, decreases The Adjusted was a also by sales basis net marketing and productivity, sales XX.X% expense our for gross gross percent indirect adjusted margin pressures price product percent effective for
revolving sheet cash flow. At of our balance under liquidity and the included over equivalents full and cash end and quarter, $XXX availability cash million $X the the to was million This billion. Turning of just our facility. credit $XXX
in payable of receivable and April X.X% This X.X% year our as and a from was for This X.X% as results demand was million certain We Inventory of due products. decrease timing a due until ago. receivables. to to XXXX. businesses, payables year as due other of year significant ago, from Venture Professional to totaled acquisition. maturities down mix channel lower component $XXX.X Accounts purchases Accounts inventories increased of to have a Products incremental inventory no from ago to $XXX.X well was debt down the million, increased million. the well $XXX.X from segment the as increased
with First free last favorable of the the compared flow higher first one-time $XX.X net inventories of million cash earnings of year. earnings, was legal to conversion positive and ratio reported a quarter working result reduced the lower This due settlement quarter was as mainly performance with capital, primarily XX%.
Our capital and and maintaining returning disciplined shareholders. investing allocation organic to in M&A growth cash an opportunities, capital strategy includes structure effective
in priorities Our reinvesting the dividends and our same and through organically shareholders debt to returning leverage through and remained long-term repurchases, to businesses cash include capital share support our goals. sustainable repaying to and maintain both acquisitions, growth,
first $XX.X and to million regular $XX.X quarter, $XX.X paid and returned in with the debt million dividends shareholders, in in we share During million down $XX million repurchases.
fiscal XXXX on potential across our year full guidance current COVID-XX. and our our visibility and guidance. Demand is reaffirming based of remains are We high businesses certain effects
environment. the actively a throughout and Additionally, highlights guidance the the and will the supply and be trends cost we macro key are inflation factors I’ll watching year. of dynamic managing we’ll remainder Rick share cover chain
X% XXXX, four we to the the expect range incremental continue of acquisition. from Products growth in sales net sales For This months X%. fiscal includes of Venture to
Professional segment We in in Professional markets. strongest pandemic. the those and the be segment will second expect by most the recovery The impacted last year end quarters as comparable periods were continued growth third in
mid to XXXX. net year, first the sales strong potential growth chain performance record comparison strong and full demand to the year in setting digits, quarter continue exceptionally the to low last We following segment constraints. We retail and given an supply to anticipate residential XXXX expect throughout be fiscal year single
residential year. of for We remainder net sales the moderate to year-over-year segment expect the growth
XXXX. by chain improvement as net sales we as Residential environment. unexpected a net Professional we versus of leverage. sales lower XXXX, and earnings and profitability, segment, realization a of due earnings In In manufacturing XXXX. constraints improve assumes expect moderate we overall productivity fiscal sales percent as at This compared supply percent COVID to partially earnings percent a synergy inefficiencies, be expect fiscal offset in the segment, to to benefits, expect the adjusted continued fiscal related fiscal operating Looking and net similar net with to price volume XXXX of potential inflationary better
the estimate year adjusted effects of of the the the excludes full and EPS announced recently excess the legal one-time EPS $X.XX expect we half settlement. in tax We period. hired on This first visibility, fiscal $X.XX in prior anticipate range adjusted deduction the for of share. be benefit acquisitions. diluted to compensation the of includes per versus to XXXX year current Based It share-based favorable
of comparable same For fiscal XXXX. period fiscal EPS the XXXX, expect the second half we adjusted to of be with
about and excited the capitalize robust execute I will in Looking on Rick. innovation year, the opportunities. priorities on call future we now continue near-term the the invest rest demand of we’re to to growth to long-term as to our environment back strategic turn
