M. Kathwari
Thanks, Matt.
COVID bankruptcies Also in as XX resulted other discussed travel, and we to consumer sales. industry of positive about in industry. in in not the us emergency start sales and and opinion, our reduce quarterly and take interest, cash. and back, the interest home measures. of As last end do our measures diverted We in precautionary number increase lower results a take in a our do resulting did [indiscernible]. they expenses our months start started post-COVID to now such see inventories my reflect our the meeting, increased to and strong for areas We
financial our was And our XX% pre-COVID, like margin ended that quarter March for ended some operating margins the XX, to XX, XXXX, operating XX.X% for is the March however, given quarter information, March lower our XX, emphasize I the of XXXX, of has would Matt than are, again While X.X%. XXXX. fact course, that
net ended million XXXX. million as XX, $XX.X $X.X of of as and XX, quarter million March $XX XXXX, again, compared XX, March March for Our XXXX income of to
again, that $XXX.X pre-COVID, cash just XXXX, cash that March We $XX.X of XX, very position, the million march strong XXXX million, March have XX, at to our have said XXXX million. of $XXX as continued as a importantly, and Matt XX, at
ended in as that maintained million. XXXX, regular we for our paid also just did and release, cash increased $X.XX, March increase. strong We've mentioned Board X% Matt the $X.X dividend press And an XX, to quarter dividends our
able of our reduce to Very been count. base importantly, skills have our combination a to at and have we technology with the head from looking personal and business X,
XX, to March all important of talent of And Tremendously the efficiency was As fact head you in technology importantly, XX.X%. decline base enterprise. of X.X%. see of count as reduction from our having of in X,XXX March XXXX, might as strong X,XXX and had X,XXX in XXXX, of we of very XXXX, a XX, a compared our March reviewing XX, resulted a that great has X, it operations,
Now very briefly from our current initiatives.
have our next the and the programs our international North months, North initiative centers Design repositioned. our Interior During across XX we we design in last XX reflects the with working years. design in launched main are partners. centers Most XXX of initiative. elements currently America our And product This America, our been reinvention consistency reflect of are
of or Very converted centers the design centers selling is have call our what the been design we maximum the have XX,XXX have feet that At reduced. XX,XXX most way the stage, We've the change. the XX,XXX our design the our of size been objective had the resulting in. a that we from square design so, feet. from importantly, size extra square this to centers has we space have floor were space in The been inventory extra operating into area. of sample
were selling an samples. positive And a we floor it of we has had from been lower impact of products because products. but sample of was selling impact on of we a of also very cash manufacturing made course, impact for of were is, lot lot because this another manufacturing, the our it products had margins store that instead Now
orders Now the have does will is have in over. be started most of we news is products and sold coming good more this still time, some to of to manufacturing. We but that the because our going that now take have
and is and strong I said As a costs. technology of earlier, designers in combining the terms changer game interior very productivity
Now our in technology in utilizing merchandising, and constantly our is our marketing and developing distributing message. marketing
pages distributed customers magazines [indiscernible]. each time X about of month, each million to are XX During digital X.X
network now our been of we fact, and a by some In consumers has introduced. product very next and to style and aggressive programs be, planned just focused have They our that, this we our teams introduced and did very on print We new in and products in will Merchandising introductions, size April, have book, them new again, we'll form our available will months, in a product -- received of fair been but strengthening have introducing is X all the our well both digitally. manner. clients. which in amount
want an opportunity our differentiates also And had key stay we will fair week have sure been last so make where has be again, -- focus to to I, you We us. relevant. review that know, in people, as our of our along the understand to that products we some and to with furniture that products are. And focus. be we fashion Milan
that coming in. of more see You'll
us. perspective. Our attitude that plastics, product but on is the And with programs, modern I believe right for we say a we focused
logistics. and manufacturing in Now
other our are we it's of the XX and reduced to of environmental get manufacturing XX, years to but XX% and, machinery XX course, many we in and In now areas strong in North Keep mind, have technology world. America. have invest and America. of in We continue our people, responsibility our manufacturing only parts products [ like various products plants social with about our XX, new back, regions. things equipment about in strengthening North the in other today made we ] from furniture, And accessories in and from manufacturing from different do
XX% international from the all are increased. the freight you overseas, the the as conflicts Again, coming that make access furniture. in in products has know, with some of our our in yes, mostly furniture as been, Now place America, North taking the impact we has world,
So positioned. overall, we well are
important. has been very Our design network in interior terms the of projection, redesigned
strong all designers We interior have have and in continued to technology areas.
brief comments. like or up for open With overview, questions that I'd your to
