and Howard, everyone. good Thanks, morning,
Let's Slide versus exchange. $XXX year the million, or net X% of X summary a We on had quarter of sales year, quarter. results down third move flat consolidated the foreign of excluding our for to financial and XXXX
our sales unit components which other offset and products. price contributed volumes three of segments average growth a by the of in across base and a in Solid decrease X% decline was X%, X%
base higher in points the primarily due partially by to versus tariffs. XX.X%. third and AUP XXX decline lower impact was costs by expanding the margin productivity, and and end attributable lines and and in strong in earlier Mexico U.S. expectations year. in-line gross new markets, another was profit quarter lower-margin material quarter to volume to with our primarily due Gross housing, the both with up largely XX% this higher continued gross saw margin softness from basis The year We over to profit our of prior product volume exit expansion, gross of from offset factory
as SG&A from higher in driven quarter, well SG&A as spending acquisitions. costs additional primarily third higher compensation, $XX was by million the incentive
EBITDA consecutive and the million, combined adjusted and adjusted the shows The of As Howard adjusted to EBITDA expansion. side bridge performance. by margin EBITDA our $XX mentioned, price third we quarter slide expanded to growth X% on XX.X%. adjusted mix margin EBITDA basis benefit while on Adjusted approximately increased points XXX right-hand EBITDA of delivered of the volume
to global tariffs They our coupled expectations, impact in was implement in great Net identify remains part our than to savings X% inflation due the inflation of percent the quarter. the of projects. roughly XXXX with Commodity and a team. original headwind lower continued work sourcing
saw we impact our cost principally quarter tariffs. in in net was the material result, a As the
including discrete California Factory Mexico, our costs These as wage additional start-ups to approximately well with some facilities and total inflation, costs final were million, offsetting cut-stock start-up factory in items flat the manufacturing Stockton, new million but Verdi, not quarter. costs productivity and for Tijuana, to only of related cleanup $X costs on items $X Nevada related benefit almost year fire. as our and strong also factories year
in ramp-up changes quarter are us, costs will West Distribution diminishing on albeit costs facilities, of existing cleanup the customers levels. cost start-up due to to were in previous service the shipping Coast. some retail higher the While behind primarily the continue to at lanes the
share per was the previously of and down Diluted share debt related restructuring quarter million million was activities. from $XX due net quarter in extinguishment the third a diluted announced per $X.XX after-tax to XXXX approximately to third income of were $XX and $X.XX. $X.XX Finally, share, charge per for earnings EPS
compared of to Excluding items, comparable the in in adjusted our impact $X.XX the of $X.XX period quarter XXXX, diluted XXXX. the of was third EPS those
to XX American Turning segment. and residential Slide our North
the segment up from an were of our impact quarter from price volume growth of and prior year, base through of quarter in X% discussed XXth supported of a compared were American sales portfolio the in North fourth the partially offset wholesale X% acquisition of residential X% BWI was lapping and the by driven softness AUP business, to Net and X% Canada consecutive by and increase. This AUP the growth our declines These gains XXXX despite continued previously mix U.S. price July both in Mexico actions. XXXX. by
top-line Mexico elsewhere the in While shedding capacity service impacted short lower margin business is this the higher segment plant in America forward. it is of additional and the Monterrey term, us AUP performance in accretive going affords our business North to to in negatively
to point the of sale retail but second more see levels well EBITDA serve. segment. XX% conditions, the and Adjusted XXX to soft was the continue the as we in margins quarter in in in and delivered increased up basis adjusted compared results in in higher at American that year year-on-year with We than the and stores generally Despite we declines end-market continued quarter residential margins modest adjusted North third prior points. meaningfully EBITDA EBITDA line
by cost solid segment. quarter end-market for Higher all I soft additional of were despite productivity Overall, noted which AUP the demand business offset for drivers, the and North earlier, the a partially the primary being. time impacted factory residential very American factory
and our to from exchange. approximately XX% businesses foreign Net quarter, driven decline in to divestiture non-core first by sales in the our due in Slide year Turning large well X% a year XX UK of Europe decline as and by decreased a in segment. the part volumes on third X% XX% as quarter, decline base
result last dollar year from mix, The of offset which currency channel. exposure the the on British share over up versus result comparable previously year were down period the X% year. AUP and as X% both segment, note, the was higher largest lost decline in On U.S. the a a bright in pound, the in was our price base improved that of volumes builder
business UK area. door distribution our of service believe customers target interior to With team the keenly at this recover are our complete key we remains integration builder levels, we our and focused positioned with in and
divestiture growth door basis XX%. The continued the supporting was of our the a Margin both well delivered growth, and Europe as strength repair strong EBITDA business to result segment of remodel entry once market. in adjusted the margin up as non-core again XXX points businesses,
synergistic in we not a the we our but quarter, Unlike integrated Czech doorframe highly acquired the Republic. previously production. region, in small during fully did Lastly, frame that competitors business have
those So to opportunity an investment. capabilities this was at minimal acquire a
X% XX quoted growth to Moving in by pricing Slide third benefited AUP, in X% in projects on XXXX, mix. This products. as beginning growth components from base partially of architectural a the by from to early X% increased X% and the sale offset Net as quarter was higher sales due which decline in the well in favorable decline other of volume a segment. and
machining business were points and to caters expanded of delivery. increased pleased EBITDA again commercial EBITDA adjusted year XX% who in architectural speed custom quarter. strength quick-ship on to We XX.X% XXX basis margin for finishing continued value Adjusted the year see customers and which to in our
A&F prioritized of this of are June additional Following investments people we our result. for XXXX, year. line and a we with acquisition late Maiman and in acquired have as in growth in pleased Graham systems of Similarly, seeing of business continued wood business the the performance we strategic were and last products
$XXX at the level. to undrawn equal business our was rate, to exited that sales and XX business Slide of as double-digit consistently year EBITDA liquidity reach cash facility purchase and that the to was XX% Recall year XX for second objective including continues second performance margins flow net our unrestricted and this liquidity receivable Total quarter. XXXX. for by that that of of at our perform trailing million ABL the our the approximately time ownership. cash summarizes at agreement and XX, September months' accounts available quarter the We
the Capital DAT was X.X slightly $XX to At third of debt total the operations due million EBITDA of respectively, target the quarter, months end quarter, times, X.X comfortably XX debt cash flow flow higher our in flat of from trailing in at conversion quarter times to and Free flow the with of were three adjusted last from free XXX% end trailing restructuring $XX was million third and of will the slightly third XX the in and year third interest quarter was net million adjusted months on within the year and net last cash through of of be with in $XX excess expenditures expectation roughly consistent XXX% the costs full-year that adjusted times EBITDA. payments. conversion Cash quarter down to XXX% cash income, year. stands year. approximately total a
at began the quick repurchased of when approximately we update sheet quarter, structure were During million that This quarter. $XX.XX on one program in of Since that than our share price the of third the share, program an shares at inception balance outstanding totaling last have XXbX-X due we XXX,XXX appreciation we quarter item. under price February time. that and repurchase XXXX, our share the of slightly roughly existing program. shares repurchased $XX the this is program per average to lower A XX% in approximately
changes associated obligations. with we liabilities October, to $XX of In transfer contract transaction these pension an future and actions million The benefit risk and assets. plan with the obligations to entered a assets. reduce obligation of pension of reduces return $XX plan pension by rates transferred million settles and pension took of due We U.S. purchasing on future into approximately annuity discount
outlook during that call. adjusted net $XXX sales consistent X%, of we we in exclude we adjusted exchange, and earnings growth second-quarter inclusive with a which remains in On full-year release million, up our million full-year expect to When non-cash the our In charge related update provided range the adjusted press $X.XX. associated we from flat EBITDA to note, indicated the to the EPS we $XXX approximately million of of this action, diluted $X.XX settlement fourth foreign recognize with yesterday, XXXX mentioned we to quarter, expect will were a $X EPS. of
full-year leaving these upper current that we're for to are We product, acknowledging the while of ranges, lower seeing end are demand more believe our unchanged based range these on results then our the be we that levels in likely end.
some speak That the result and will quarter. said, our recent for that could in products in in fourth moment. are increased developments to there a demand Howard volatility this
quarter facilities are headwinds there moderate worth anticipated several expect in in associated compensation America, in And accruals I'll back could higher closing that disclosed margin they our turn of Additionally, of Howard costs losses. previously incentive for call with the fourth reductions some and expectation comments. are year, growth, ramp-up in to costs including at to repeat we manufacturing the XXXX the new quarter noting fourth since the year-on-year grub that legal the this with would continued that, North not
