the to call Thank joining today. you, And Phil. everyone thank you
slide now start and will results. the on on I second-quarter most that items focus significantly our X So impacted
segment earnings which release X, for table in on shows shown of your not the is while a there revenues breakdown slide the So reference.
for quarter. of to now by So declined the Product period compared the last X.X% revenues same year.
disposition the the exchange, exclude market revenues segment Industrial we the foreign more XX%, the where of declined Chambers outpaced by segment, X% if While Industrial Automotive impact in primarily than business. of to we CSZ the the our X.X%, due actually declined
If was The year-over-year headwind a held for revenue result in we in exclude automotive global production. and the FX, the overall impact of a assets our by declined the decline vehicle sale X.X%. X% of significant
global second declined However, latest light According key forecast. in again production the points we XXX their IHS' approximately outperformed X% our basis the to second quarter. vehicle and mid-April quarter year-over-year in below markets data,
a despite CCS was headwinds. the where outpaced continued excluding the the product market year-over-year, the in flat Automotive impact result strength Our market business as FX, of line of revenue nearly the
revenue we last quarter. almost during to last same Additionally, due of PACE to XX% the the in BTM discussed year, primarily award-winning the that solution our increased compared period BTM
vehicle in a This revenue Heaters in business. the Seat walk China, lower well as primarily revenue our was FCA. Steering due declined the to offset margin away to Volkswagen and Seat production almost Heaters by to Steering due decline as Wheel sales decision Wheel declined Heaters. X%, increase X% conscious at continued sales by decline Heater lower from in
the Cables declined XX%, orders was continued the Tier slowdown X Automotive primarily XX% finally, RV customer And Additionally, continued in large from down the revenue in Electronics Germany. in a industry. decrease to due due to
as to Industrial compared business, we move sales decline of to revenue was as ... in the of our the year. quarter sold lower coming due as Industrial we XX% Chambers acquisition, as as sale. last Blanketrol XX% to Stihler The has been If second due last was Stihler revenue from GPT revenue And second declined of from revenues saw the in the know CSZ increased in strength exclude the Medical higher compared quarter revenues to that Medical, well we almost classified year-over-year the continued Conversely, quarter, for in the we sales. first as acquisition increased products held to almost X% the where well which February, you primarily Industrial absence year. which closed if the
by gross higher as of the the price the margin supplier margin lower year- freight was quarter driven XX.X% for margin XXXX. quarter premium productivity compared to which basis increase which cost the offset annual And savings the The our the from to to as ... labor was improved quarter, coming our gross gross at first sequentially points more primarily in and in of we gross points reductions, If is well quarter. decreases the XXX Fit-for-Growth a move compared second a customer also basis factories, year-over-year XX ago increase initiatives. by our margin than
of impact volume technology negative partially as unit higher wages. associated actively the tariffs, phase These negative leverage of with improvements BTM the were lower by margin the well launch cooled the and new from cost lower as offset program, fixed our in
a more Just our little color, was in to achieved labor by the right-sizing quarter the productivity the to volume. lower add factories
approximately of year. the As count the by head beginning since decreased a XX% reference, manufacturing
out in efficiencies freight minimize better compared our to of particularly to factories Mexico. us last Additionally, allowed year, premium
quarters. in a cost demand. what response quarter our as in able our to were driven rapid is some to prior the well plants, which impact in was net we improvement negative from improved sequential the labor line impact as we while the point primarily in was in tariffs, approximately sourcing team, customer as adjustments of of by the mitigate pretty lower experienced the much result On $XXX,XXX, gross margin with The efficiencies the XX-basis in efforts the
in expenses million. quarter operating expenses, operating to the were move we If $XX.X
amount this were driven last cost Fit-for-Growth periods in the of quarter's offset of CSZ the related restructuring I higher year-over-year acquisition million mostly second Now the in reduction initiatives, sales expense, Chambers operating this as the expenses we X% million earlier. year. by included factory $XX.X decline SG&A for by the the to that restructuring quarter in adjust rightsizing mentioned business, charges, of both the $X.X impact of of Industrial $XX.X well from If down partially million, was charges This primarily as and Medical.
quarter tax held as $X.X we non-deductible Adjusting rate quarter, this GPT. impairment impact for million fair XX.X%. of the the impairment assets to value our effective the the in a related sale, in recorded continuously we charge for charge, of Also was the evaluate
For adjusting the business, was effective recorded X which $XX tax to XXXX, rate charges XX.X%. we of the GPT the quarters, in related the first have and impairment second for the first the million months
$X.XX was last to Finally, in compared our $X.XX adjusted per the quarter the quarter EPS a second in share of share year.
million Now on quarter sheet, coming move was Industrial cash Chambers. from disposition in to $X.X million, of the including position we of X slide CSZ our cash the balance $XX.X restricted if the
Stihler we outlay share $XX.X And in cash year-to-date, position program million million year. quarter. We also in $XX.X Our for business. In the million activities million cash the to sequentially related from $XX.X cash compared compared of activities acquisition cash in the our $XX million had the to outlay generated cash we approximately operating a decreased $XX in $XX operating quarter, $X.X the quarter. million last by year-ago of to generated million and from repurchase
of As debt a the $XX the increased $XX quarter. quarter the from at million result, end million of to first end by million XXXX net $XX second our at the
stands approximately XX, of As million. $XXX June the total at debt
Company credit credit secured with quarter, lower ample provide that revolving amended environment, with during Additionally, the facility interest agreement also $XXX million we provides an amended rates. announced a we uncertain new agreement. will our well liquidity which the macroeconomic Gentherm This as as in
end new availability credit stands result at of revolving $XXX credit at line million. of June a the approximately facility, our the As of
walk If we will to I turn guidance. through slide you XX,
our on our to the our our up We we based challenging prior be flat Core growth. expect So now and XXXX second guidance reducing excluding exchange, are for environment, guidance X% of to Business, to quarter X% to revenue the for impact X% year-over-year compared macroeconomic revenue. of results foreign growth
of result activities, reduction a the XX% of decline. of range and continued spite to rate are As our on in cost to EBITDA revenue and maintaining be margin XX% progress tightening XX% gross the between we adjusted XX% the
environment, this macroeconomic Due you appropriate significant well in our continued have have to adverse updates providing we to to automotive and as XXXX it quarterly outlook changes volatile future outlook. outlook, to order cease industry years. believe respect in uncertainty, been long-term the as the With there seen quarters, challenging as our recent for is
We goal volatile and the on our June market through XXXX we planning shared that upcoming will recent in aspirational from that, said, believe longer-term be cycle free our completing XXXX. cumulative of in early With which and will based prepared that performance in we provide back I our will reduced from will XXXX an we flow be note outlook also cash million be $XXX to the XXXX. annual financial of conditions, months our updated
year-to-date. cost in pleased I margins, in the the that especially we do proven still most to our that changing to improve made ability while has proactively have beneficial, we we of say work have structure So are conditions. our further would to improve progress summary, importantly, our rapidly with light market
the back Q&A turn to And with begin will the Lexi I call to that, session.
