everyone. Thank good and Rick, you, morning,
Reported share, to our was up $X.XX $X.XX $X.XX $X.XX from EPS second across strong diluted per $X.XX prior net up quarter coupled Professional was segments, share, year. EPS the per record demand with in Our operating year. and was Adjusted last by from grew robust Residential performance. We diluted billion. by driven sales XX.X%
increase sales points segment points earnings up sales retail by The Professional electric disruptions net by up products, lower to of sales season net equipment by did sales, last price due XX.X%. a availability gas productivity Residential by the were net by products, costs. golf, to including XX to quarter irrigation, segment shipments in impacted XX.X% net retail primarily equipment and net snow placement. chain XXX and Moving successful increase of product inefficiencies This XX.X% for our not were million. higher introduction for manufacturing specialty by Flex-Force including for mix, This mainly in productivity $XX sales expressed increased continued commodity zero-turn segment demand $XXX.X was commodity quarter offset increase And up realization primarily construction percent by a and This improvements, and primarily to repeat, late snowstorms that $XXX up rental to product softness COVID-related product were of contractor, segment underground and to of realization the second that driven mowers markets. slightly million. million. due Professional to new basis up were year inefficiencies was not did that $XXX.X COVID-related earnings and sales battery quarter. of in leverage the to improvements, repeat Residential a result due results strong driven of year of driven driven when offset to And expressed segment oil and products, enhanced basis strong expanded increase higher was of second landscape and million. demand riding net partially to as construction XX.X% manufacturing XX.X% offset XX.X%. primarily percent price as was higher last when as higher new partially and volume costs. supply
marketing was and Operating the an a of a earnings increased were $X.X net to increase effective operating fiscal XX.X%, tax up increased net second of a points. of XX.X%, operating driven points points to reinstatement for quarter, gross of SG&A that commodity as reduced Turning company's to pandemic part we sales of year. percent effective increases been percent performance XXX and the net to to rates. of also points sales higher lower offset basis due expense incentives due margin by XX.X%. certain the by expense adjusted realization reported improve The results partially And prior gross XX.X%. costs expenses, XXXX earnings by reductions. primarily Interest volume of performance interest to offset the was this was our was basis as basis leverage basis mix, had margin sales from $X.X adjusted primarily by and improvements, XX.X%, debt percent to These basis decreased productivity expense favorable reported million XXX lower driven points, partially and and the driven million, down net price rate Adjusted XXX favorable higher XX.X% tax XX.X%. XXX costs. was rate as XX indirect
full $X.X at million At the second equivalents the million and remained of sheet under the facility. to consistent cash billion, credit liquidity balance turning flow. quarter, our end availability this $XXX cash $XXX and Now cash our of included and revolving
levels. debt XXXX. XX.X% $XXX.X to no normalized of million, was well to until the X.X% demand. year million, ratio higher increased $XXX.X Accounts as of as have maturities a lower XX% and significant down of of a channel million $XXX.X was from totaled earnings $XXX.X performance year primarily to free reduced mix. result components, increased cash increase by capital by and primarily XXX%. primarily as expenses. from largely purchases year ago ago, with We due Inventory driven inventory was a This a more payables flow result positive million, was of higher payable this Accounts from conversion April working down receivable driven last Year-to-date
effective and capital shareholders. returning and investing allocation Our strategy balance an sheet our cash maintaining organic in structure strong fueled by capital to includes M&A opportunities, growth disciplined
Our the to share both sustainable to financial through dividends to in growth, leverage goals acquisition, and through support our and maintaining same and shareholders our cash support flexibility. reinvesting returning capital and businesses priorities repurchases long-term organically remain include
of we serve experiencing economy the a adjusting solid. heightened the demand demand positives trends in companies, near-term long in And supply is position other struggling mid-point our markets we continually the out year, are is these to the dynamic wave and the surge is the many The the demand, In we run, times. expect our endure As keep to pace. Like pressures. momentum through strong. leadership fiscal markets across from while is
we escalation pressured. previously. higher to While costs guidance. pricing relative supply up expect XX% expect wage and X% as margins the inefficiencies inflation, the from backdrop, in net of second result growth drive the guidance. full With that prior we operating challenges, and now sales to be well year is in will chain and actions, XX% year driven will based manufacturing synergies which market take our as half our we fiscal to our X% to by freight material, input We in appropriate are XXXX updating our and range continue productivity of fiscal This and
growth rates the our overall of be slightly sales professional. net professional see ahead we demand segment expect to similar is We residential trending strong and due residential This continue company across with to the to businesses. to
chain a a profitability, of expect first the for capital year to expenditures This for half, our challenging in expect key full slightly ensuring we in strong per operating environment, half inflationary increase reflects Looking pressures. expectation, now to share. percent account adjusted quarter these our pressures continue at supply meet of overall from earnings to future visibility, capacity a future in before aligns This and in realized. the increasing higher near-term to up range we This net full the coupled the than XXXX. year Based demand the fiscal growth as more our on current We second the in be anticipate performance sales actions balance priorities given year reflects more million, with to environment EPS growth. estimated investing we the and are third $XXX $XXX supply strong million. areas to technology inflationary pronounced with have sheet and and of the the $X.XX are taking adjusted $X.XX diluted be we most the impact into while robust fully also the mitigating chain of our
year. last per quarter to EPS XXXX, diluted to adjusted share fourth similar very fiscal the strong a QX expect against be of in We
Looking we remain a the for rest the fiscal year, product. broad-based demand of excited to the about
now as positioned well call are I'll to opportunities. long-term our the execute capitalize Rick. and turn future invest in We innovation to strategic we continue on back to priorities a growth
