were morning XXXX Thanks, quarter Fiscal Good compared third everyone. million, $XX.X to sales down net Pat. third quarter. year's last
sales. driver, Aftermarket the Our $XX.X modestly radio excluding with flat, virtually OEM comprising primary business segment satellite the sales product majority down fulfilment discussed. was Electronics million down Pat Automotive the the reasons and were for
new the offset million, product Motion Consumer products we programs our by lower segment XXXX was third program. and Electronics distribution in sales Fitbit This of in added $X SKU as primarily by in rationalization a the due for to compared growth to quarter, declined Europe. Sales and and reception wearables UHC partially fiscal Apple
product are build wireless to Klipsch for soundbars contributing continued newest the and launches momentum to and growth. earbuds
store partners the working product as to quarter customer we last reported segment due sales, impacted for many year's primarily in we a to P&L sales. net decline Additionally, programs more products the in third marketplace contributed sold The dollar on new mix yet. distribution favorably Hbox higher and XXX,XXX of Biometrics have are not
typically points. OEM Automotive product Electronics fixed impacted third down absorption XXXX XXX headrest costs. segment. of which generate quarter margins sales XXX the down segment, points, which Aftermarket due XX.X%, for to margins also decline, The higher was Gross which declined, to mostly basis were basis fiscal our attributable sales was the decline for overhead
anticipation There two This expected that of quarter program. fiscal were in impact in partner – other next two latter One, automotive in a the to the investment tariffs; is margins. positively factors a and year. part was made automotive business to margins future the lower payment third program OEM contributing of
by the higher the Electronics The European The sales warehouse offset well premium of increase year-over-year improvement a had of as impact higher XX-basis quarter, was lower Consumer and sales partially by third point driven products. tariffs, audio for costs. as European segment
as certain The to segment Biometrics written margins set licensing for which to to gross the fiscal the which as prior no fees XXXX, at fiscal product due margins to year, and contributed in charge. off in higher testing sales this was of customers was of higher year-over-year third segment. in earned margins quarter, negative previously due decline sale XXXX primarily well had for inventory higher The
certain fiscal included repair quarter and XXXX tooling the defective third Additionally, costs.
declined headcount quarter and by year-over-year. due and amortization expenses $XXX,XXX, expenses million Total million lower as approximately commissions, principally fiscal declined restructuring, display our to lower $X.X third of part advertising reduction Selling operating expenses. of by XXXX $XX.X costs in
excluding quarters. a the by fiscal down one-time $XXX,XXX. expenses for XXX,XXX had and would we of approximately Note, in million G&A quarter lawsuit, from X been event, this have comparable increased third however, favorable a reimbursement expenses G&A XXXX
support restructuring. associated reductions technical headcount declined due to the and principally million, with again expenses Engineering by X.X
was that We by completed and done work several were transferred also have projects in-house. of lower R&D some expenses as outside contractors we the
We are and continuing further to can lower our operations. where at our looking we areas impacting expenses reduce spend fixed without
last of second other quarter reported of as to chain by in a in other the increase. million, financing income million domestic X fiscal resulting approximately income year's XXX,XXX Interest fees. and $X.X our quarter, in lower bank third charges We XXXX approximately suspended compared of supply we declined XXX,XXX
of events, declined Equity which equity initial tariff recall lower led $XXX,XXX. to an and two, impact three investees were approximately product There in and the three, duties; income warranty by costs; a of One, increase the expense. income.
ASA. to profitability As mentioned, Pat is at increase anticipated
our the the after our continuing outstanding Germany. recorded purchaser gain sales sold million property arrangement estate. sale, on office operating for net with of in with entered On transactional lease of this XX, property costs we we a Pulheim, the sale the operate small an of we Additionally, with September as proceeds XXXX, and real X.X of are X.X repayment portion a to Germany a Concurrent into million mortgage. we the
other decline of $X.X had sale approximately to $X.X from income $XXX,XXX million of of pre-tax the adjustment reported a $XXX,XXX million. Hirschmann. Lastly, a the settlement as of net related working to million $XXX,XXX operating declined We $X.X as income compared charge of final approximately to million, capital we and by compared as $X.X our of
a versus quarter, we of provision million million million swing. or the a $X.X For benefit $X.X XX.X% last of tax year, a tax had $X.X
of non-controlling valuation foreign state after jurisdiction or non-controlling million non-deductibility income local an taxes, various EyeLock tax in earnings, was interest tax differences, increase net and U.S. to our permanent of tax provision LLC, Our in is related at income $X.XX and a share. $X.X rates. allowance, interest a Impacting taxation foreign
and $XX.X to XXXX attributable account period. resulted million taking income compares million $X.X VOXX interest net our income income This This in year in to of $X.X when million, million non-controlling net comparable VOXX to of third in income quarter. $XX.X ago EyeLock attributable and in net the of of to fiscal a
impact fiscal working Hirschmann Taking real and of for fiscal gain settlement the XXXX into and with adjustment the Lastly, third we respectively. on capital reported adjusted the million final account $XX.X estate, compensation, the the XXXX quarters, German versus EBITDA sale. million stock-based $X associated to of
Moving was as million XX.X and XX, repurchases balance the repayment is seasonal sheet. million, cash stock of August Cash on XX, equivalents on to and XXXX of working to cash November the XXXX. The of XX.X based needs, debt. as principally capital compared usage
our $XX Form used been in temporarily domestic financing need higher. the cash of noted balance programs chain we approximately As we we the would our have do suspended program, supply November XX-Q, as as had our XX funding. not million Had
We expect quarter four. improvements in
a had expense. was of in debt outstanding German-related used X.X real Pulheim The third sale to and European We this of pay severance cost. our lower We completed and and XXXX fiscal portion million. estate quarter mortgages other available accrued our
debt total XX, as million as from XX.X X.X at February of position of XX, down Our November stood XXXX. million
share no had program, and facility balance plan on flexibility to with Pat our carry discussed. and million the domestic on our operations execute fund repurchase needed overall as We XXX us balance our to strong, continues be credit to provides sheet our
shareholders entered this program new stock. period do small the support on program until transactions, into continue a – the of the to out a to as no to the We we XXb-X we renewing as set We but second quiet call. with was by will quarter intend recommended up in hold material are company, the to
the over back I'll for to Pat Pat? closing comments. call turn
