and good Greg, morning, Thanks, everybody.
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period margins quarter due decrease, with (sic) by both margin segments. segments reviewing XXX sales and the Greg the and to some both PI me Despite favorable on to mix basis in the first period of higher [ increased Let XX.X%, from P&I same that. cost our T&M year, in gross last lower trends. up begin the reflecting results
[Audio points ] touched financial
operating expenses, quick which under are shape. and good on in A comment control
think, rules our statement and the reporting some reallocations income rigorous segment in to minor done I on new segment in immaterial accounting reporting. have We of more expenses response and,
were So was compliance new in the X% year-over-year were the but $XX.X down expenses. approximately to this that first recasting million. But under quarter, $XXX,XXX $XXX,XXX about operating of reallocated manufacturing for expenses did requirement, we about
slightly. total only So expenses down the were
profit and $XXX,XXX the due at allocation, product look been and down higher. you prior development, flat, been selling about $XXX,XXX, would G&A $XXX,XXX R&D would marketing have up about expense about If to about gross have
small already of decline underlying future and these method, and before on expected We're the after not because are going is and comparisons, the between to this substantially changes quarter these representative comparisons more after frankly, to methods in quarter new economics. report differences
company restructuring total projected operating a focus on August, though, about over last the When million $X.X $X result manufacturing, of lower Overall, spending, first an million. last our savings is overall announced primarily is restructuring which an quarter of spending. year, than and cost prior we and the anticipated we annual
a those business despite But are million depressed targets. little going to down it's detail which, was the we'll basis, think becoming right bit we exceed maintain decline issues. And direction, temporary as to reportable then, explained, in track what due has the year-over-year or margin a revenue that's and you. since our a major to reason on on savings those we're clearly developed cost As able X.X% we're $X.X for Greg to harder meet
the $X.XX the last EPS in Adjusted profitable temporary from compared year. X.X%, of or the EBITDA what a of when we down $X.XX revenue just reporting lower in last diluted issues. year was million year revenue, are revenue think primarily was was $XXX,XXX to margin EBITDA began due the with we first to of the quarter, again, first $X.X X.X% quarter, Despite under XX% quarter
I've to quality issues. of quarterly affected quarter program is comparisons, segment, because PI short-term difference the the involving in the which did turn the cautioned repeatedly some retrofit of on $XX.X supplier's million our this backlog discussed to printers million related most But relating though of see segment relying the previously in indicator an our the year. $XX.X one we as for lumpy heavily in reliability printers were and explains too about by supplies in in what to intake metric nature performance of compared order inkjet Bookings last T&M lower
the his segment about flow $XX.X remarks. through with the that in customer of But soon. talked Turning Greg in the million PI resulting the quarter, $XX.X million compared shipments significant first primarily order to change Slide quarter will PI specification in X. shipments delayed was fiscal to 'XX first revenue those from the due
segment revenue in revenue $X year. in compared Segment operating $X.X mix of favorable expense or The was of increase profit last more segment is PI and or XX.X% XX% margin with million operating control. million
Test million the quarter compared In first million $XX.X -- million $X.X was last year. & revenue me, Measurement $X.X segment, excuse to
Greg with AstroNova sorts working positively supplier volume the sorted shortages printheads in quarter as Aerospace we're term, but to way through products. quite ship QX. have million remains the and noticeably these strong over as is out in shortages the While newer -- third as resolved of get customers QX, the well. OEM to result as to issues the those also of transition Greg most year and unable by delayed It in noted, products. but a closely some printer customers demand to this trends orders commercial some beginning of hurt suppliers legacy the shipments repair ToughWriter of from in Aerospace $X We're of of used the the said, expect Longer the profitable
million revenue compared revenue With or explanation, XX.X% those $X.X profit of operating or in as was the quarter of to segment last segment of segment million first $X.X operating factors XX.X% segment year. profit
for the XX.X% and Slide revenue, XX% to XX% QX T&M year, X Hardware category read. in quarter XX% of in the QX in due segment. stemming first just supply accounted which made XX, the won't to versus year XX% I accounted order points about in down of for Supplies last year. revenue Turning last The in of the last up of issues. that, primarily service/other revenue from and up quarter, shortage over from part deferral from large
subsidiaries talking end down the the million, at and by and is as sheet of remarks various $X globally. highlights range flow were currently are the at that likely Cash quarter I'll balance minimum outlined $XXX,XXX needs higher to And long end on the about for we're XX. remain It's our operating of my cash our close prior that Slide year. having we end fiscal about the quarter of as from equivalents debt have comfortable to accounting where outstanding. levels conclude at after the first we're about
We generated the the and our hair by revolving was and just XX-month we likely $XX.X quarter ratio EBITDA-to-debt the under covenant $X.X Debt be X. quarter, of bank-calculated even million still the acquisition. million, will at the operations during reduced end trailing cash ratio debt of limits the was $X.X at QX, debt end after from million. our below a significantly That
all should growth credit criteria, that sufficient opportunities together is Bank we're about still do our needs. by with amending we with the of to MTEX the on later credit capacity $XX.X post believe, banking As capacity million support end, opportunities support acquisition. our consummate we nonorganic facility And committed today, detailed file the have in our relationship, debt credit revolving fit to in to took operating XX-Q we America. increased acquisition our To the an quarter this, Post arise. we additional acquisition, also
That reduction. our term near is in focus said, the primary debt
end I of I We note the of of credit we from million year. we the the bank the don't the I repaying it. credit revolving debt or $X should does all by of the credit to under $XX $XX -- of expect million million the expect most but guess have decline availability need end year, that say, should to really the revolving we're paying fiscal by debt revolving goal the at
with Greg the to I'll call turn back So closing for comments. that,
