Thanks Matt.
quarter the decreased to healthcare currency during as X net constant Slide to prior the while increased Turning sequentially restrictions loosen. fourth to year revenues compared sales began
of SG&A sequentially, and benefit continued of chain the this lower higher previous how product and income and gross mix. and new million. to there profit in $X more expense playbook sales a challenges achieved reduce To days offset both margin day initiatives We early effective every environment. we the be operating to pandemic learn by with the despite was no During supply took actions now improved year-over-year we
the was SG&A will in and of activities. later result reduction we business As lower some a discuss sales of related expense
will by At commissions as against said, of we quarter scale to of end expenses and quarter. increase good year, cash the are back of the like was actions selling collected implemented a but That expense. However us the many expect thing allow them available revenue helped were in grows this is free sales that the fourth we that durable. in the will third SG&A our return, flow
am we the faster in sales could pleased quickly colleagues our I declined how were quarter addition inventory globe be in diligent the adjusted. with around second were In to down peaked managing adapt. reasonably able which levels than as fulfillment
simultaneous gone elective to the sales world shutdown, the the early Turning on with suspended care to was healthcare oftentimes lasted late to had March mid-summer. quarter, to or Access delayed. hermetic XX, pandemic little had only impact while to first urgent slide April, care by no in or whole pandemic-related throughout which a and limited into
more XX a throughout slide. pre-pandemic detail result, the sales level. quarter to declined percentage second was margins. as mix continued next prior impacted a which actions sales taken lower Despite to differently, improve lines of returned but profit year, improved due Each points, As yet the in sales and not and revenues, in have significantly address of by I'll the to consolidated expand favorable product net have gross basis to on the
match and executed both lower the SG&A to to level. As mentioned previously, durable reduce sales expense actions temporary we
As we results. an reversing XXXX, to a significant result from loss in XXXX, income, a turnaround operating grow in managed operating course in
free In exceeded from our addition, adjusted XXXX expectations. EBITDA XX% improved and flow over cash
weakness began previous to sequential of of Matt discussed health in the customers growth in recovery than stringent pandemic end each limit product as by as signs one net and more sales access imposed Europe XX, early our to consolidated sales more our quarters, had improved of quarter lines. fourth public continued two was sales restrictions the impact see to Turning during different on to slide North users. offset and Mobility the modestly. a seating X.X% product as sequential America
chronic conditions, we mainly be will and sales As sales XXXX. generally in believe these fulfilled products delayed our non-perishable these serve are
grew Europe well help higher. all with strong products in prior category improved contributions demand increased considerably, globally, their beginning by issues, and the also sales expect compared concentrators we ability to experience and have Lifestyle oxygen seating XX% the second Our products. COVID-XX insurmountable the by new even sequentially, still mobility products elevated our bed XXXX grew bed-related stationery year primarily over chain meet response. by the almost of are supply the quarter, to sequentially, and in driven used Respiratory, contribute categories, impact demand outsized to to which Global were driven to product as but during lift for that and continue demand.
supply, continue We transportation of our to in and global currently logistics experience delays. excess impacted to by demand ability
to and products. XX, decreased respiratory by willingness was mobility fourth impacted to obtain more year, may by offset slide growth sales open. more driven increased the which than Europe quarter to remain recent users our measures, lifestyle constant in sales sales healthcare, generally end lifestyle continues the and net currency be XX.X%, as although seating in ability respiratory lower Turning products. pandemic-related by increases reported Europe customers or during of Sequentially, net our prior and to limit compared
we As gross variances lower sales, profit manufacturing volume. and operating the and result income of from lower the a unfavorable declined both incurred
travel Europe, full the in year markets key sales the quarter, seasonally the higher improvement our warmer in are is sales and year, freely. we health had many third the For Historically, scooters of opportunity to popular both sequential of months. second during being enjoy sales overall and the by due restrictions limited to in of stronger although which our end saw mobility half primarily fourth seating pandemic. or in products, Strict sales the outside net limited users as were dampened
and a profit result, the impact in the year operating saw did As quarter. gross full we fourth for income we as on same the
North both in XX, higher primary constant slide the in achieved currency year, driven to quarter Turning America, sales fourth the and by we full factors. net two
volumes, Not toward concentrators. products. stationary First, respiratory higher higher growth we we sale mix we saw shift unit a see oxygen tremendous also realized of only favorable products, acuity in did primarily a
to chain was and these not assembling battle challenges had Although, We businesses, on multiple deemed sales logistics. our when our being supply transportation had were orders and the difficulties early of driven not closed to suppliers global fulfilling essential by due easy. scarcity significantly, workforce, inefficiencies increased
of these today. have impact feel an most we While issues resolved themselves,
factor never is U.S. the second the fully that The states shutdown countries in as the cohesively individual in Europe.
facilities residents, gross presence. saw an a home XXX where As the we closed and and toward With a largely quarter costs. full material was profit, doors the we lower driven This long-term basis healthcare, freight basis favorable to strong and improved we for care by area which expand sales were sales to able improved points new their have for year. points XXX mix shift
year for of the as which the like return to million results. and $X on Importantly, segment $XX to all for initiatives, the transformation commend team realize led hard quarter operating their improved work, million profitability. to which benefit I'd the great we such by the income by
increased and related operating SG&A by Asia net sales. business net XX, nearly XX% increased slide year-over-year all XX.X%, categories all Pacific for In constant stock compensation fourth by and to in made mobility corporate sequentially. higher sales a seating profit currency decreased XX.X%, quarter, expense Pacific the Operating sales the great Turning by improvement sales net and expense. Sequentially loss progress driven constant we with in and improved, other improved mobility seating currency product driven to in sales. reported driven as Asia
Moving to XX. slide
of XXXX, XX, the December XXXX, In debt convertible approximately approximately $XX company on $XXX had balance of retiring sheet. financial $XXX by million improve to proactive in million total flexibility and million XXXX. approximately took of cash of its As we notes steps our
to portion convertible of In of debt XXXX in addition, of XXXX our XXXX. November the which a we were due extended maturities and notes, significant
month. these of settled in be result the million cash remaining a of actions of the balance this As will notes $X.X XXXX
opportunities always Matt. call to structure. As capital we to the turn I our will assess further over optimize will now to continue back