Matt. Thanks
we get I of that businesses reporting America, HME operating Pacific the segment into remind we our IPG how America quarter being the XXXX, reporting segment unified in managed you former former Before called of part being more revised North reflect segments Asia to as North how revised numbers, and All performance a with assessed. and want accurately our to first We is the the segment reported and Other. the single into are now segment beginning
X.X% constant and mobility sales expected decreased growth increased sales respiratory offset in currency products. Turning net with to strong Slide X, while reported net seating, by in X.X%, declines
products, net respiratory constant currency Excluding grew X.X%. sales
XX.X%, points basis material Consolidated including respiratory gross costs, freight offset unfavorable by and products, primarily lower increased by driven margin, foreign partially XX to exchange.
lower million improved partially driven and XXXX million profit, exchange. Constant by SG&A related implemented expense to by gross and million, lower Operating currency X.X%, loss improved actions SG&A $X.X liability by offset $X.X and foreign reduced unfavorable or restructuring in costs, product costs. by higher to $X.X primarily restructuring
year compared was $X.XX. GAAP loss loss to to $X.XX as per $X.XX and $X.XX net adjusted share compared per share last was as
capital of by nearly reduced Importantly, was Adjusted million, also loss. a significant improvement an to working loss. driven of EBITDA and positive $X.X territory million, million $X.X $XX lower to flow reduced operating free returned cash $XXX,XXX, operating improvement of primarily due positive
mobility net foreign quarter, in X.X%, during decrease same an Europe Turning increase year the strong by XX.X% net due products. the to compared second period increased Slide in headwinds. Constant to X, reported driven and currency sales last X.X% to exchange sales seating
by Operating sales to unfavorable foreign income or offset impact exchange. mix was from constant quarter. the in due growth, foreign $XXX,XXX unfavorable and increased $XXX,XXX net sales The currency unfavorable translation X.X% currency
XX%. constant net by North sales an respiratory decreased decreased X.X% net of decline $X.X and product million XX, net Slide currency anticipated impacted X.X%, to reported close Moving or sales in sales America largely to
narrow mobility discontinuations, and of after product seating growth unit declined quarter. sales While a saw strong otherwise during dollars the we set
material resulting XXX margin categories gross costs improved freight due points related mix, reduced in product $XXX,XXX. to despite tariff better SG&A and $X loss of every increases improved expense. margin impacts Gross the and margins million primarily lower XX%, negative nearly and basis to expense, Operating by in or of approximately increased product due improve
Returning results. to are as making we demonstrated transformation quarterly to central this strong objective by against the and progress our profitability remains
Turning decreased X.X%, driven compensation net sales currency XX, sales result increased by impacted decrease of reported year XX% the sales and by and Slide million, in expense. net reimbursement stock slowdown primarily to constant All in the fiscal increased in in end. Other as $X.X a decreased a corporate Operating loss net government's Zealand New
due nearly XX. improvement was $XX operating Slide working $XXX,XXX, to capital positive primarily to flow Free year million significant and Moving and lower a loss. of compared to reduced last cash sequentially,
we of transformation. capital the in the or EBITDA to for the are adjusted full in of And continue XXXX, costs our supportive usage therefore, XXXX, at our higher anticipate year improvement flow expect compared $XX cash guidance and restructuring half half significant of expect to year, free favorable to that first as we previous at million. of we While second of the expenditures
$XXX operating January X, of the approximately new of a Total of excludes million the $XX effective FASB accounting debt the million, result standard XXXX. adoption on lease as sheet of obligations balance that lease capitalized were
and will hand, enable adjusted The cash balances to company's and support a performance, debt believes on by positive driven maturities. credit return facility company company the company's free operational to EBITDA transformation future The the a remains flow plans undrawn. that cash address expected
On goals. progress Slide to full meeting XX, year our XXXX we make towards continue
key currency reduced growth, and realized expense, During cash expansion, quarter, flow the improvement generation. we free second margin constant loss, higher metrics gross net currency with in adjusted sales EBITDA lower SG&A constant positive operating consolidated every
accelerate our initiatives expect half supply the of only and to expand in second French adjusted margin year-to-date cost production year of million, sales, realizing $X.X is performance normalization the to of guidance due transfer, EBITDA the reductions. typical chain of the at seasonality year least gross of benefit $XX full the of million we to Although,
in confidence As XXXX. a our full EBITDA have result, in of guidance attaining we adjusted
free cash Regarding flow.
our to be cash or expect We to free to at usage consistent favorable guidance of million. be previous with flow $XX
is will the are lower our transformation be by meet impacted cash goals. half XXXX we free spending on higher The from of which restructuring inventory expected into offset and sales that we and be and capital reductions. our flow the are as growth, loss second Based a timing net cash visibility transformation, XXXX as collections support to we by should confident well costs the trends seeing, the anticipated
back turn I call over the to will Matt. now
