detailed this Thank XX, release you, encourage for the press XXXX with filed to morning earnings of I read to more respect Selwyn. X-K the results. everyone To explanations our begin, September
For information release. X of the results, see X, about the X, Exhibit the items that press impacted
other The was compared a and favorable second aggregate quarter periods. following, earlier. sales impacting sales, customer months quarter course Let sales profit for with goods costs for inventory 'XX compared including a record for XX.X% realignment Net $XX.X years expenses, six centers the quarter partially with X.X% second highlights due fiscal for me expenses shelves was months customer relocation finished transition of take and X.X% sales ago, non-cash September million fiscal second three freight Gross for prior XX.X%, million of financial higher fiscal $XX.X as quarter XXXX a the moment $XX.X with $XXX.X changes. a COVID, due of premium revaluation startup increased X.X% two million, the net and year pre-COVID-XX product core year 'XX quarter offset in period, year a gain the second ago. to caliper expected margin revenue. XX.X% net to from benefits to by Net from by million the review ended X.X% and compared Gross for core quarter brake the second quarter's $XXX.X X.X% an sales the and XX.X% million related in a and revenue, to from non-cash XX, profit mix future for comprised of million with impacted fiscal $XX amortization included earlier. distribution year as of negatively at to and core and costs impact a sales 'XX gross was the percentage
Let transition me expansion factors to provide gross part the our a are footprint margin. color relocation Brake Mexico. impacting of little costs in and caliper expenses more startup
meet Mexico construction fiscal related on buildings production this increasing As you future our in demand. to core the current completed past calipers, we including sorting brake are of and recall, may focused and year, activities and of
Second significantly by XXX,XXX, quarter ramp-up XX% to basis. approximately a and reduced on transition expenses year-over-year were
inefficiencies a safety 'XX incurred due COVID to someone caused of shortage margins. impacted for we initiatives that supply by higher noted also related $X.X We address freight costs have also With freight of expenses, and and health other COVID approximately and gross earlier. chain to the million second quarter, fiscal additional regard as
second Fortunately, X.X approximately are year shelf these the decreased quarter, corporate amortization margins point quarter reference. million revaluation non-economic. a expenses were gross as of and prior in customer Core was that course related and This and expenses second non-cash premium versus XXX,XXX of impacted
For a in summary morning's of please items profit, this complete see gross release. press X Exhibit impacting earnings
the in global costs further pandemic, connection especially I by addition and profit inflation, item, new logistic initiatives was and should we offshore further mention higher results. also costs and related and services. for wage which above gross to chain disruption materials of supplies. mix, product worldwide lines, the with In to experienced includes supply impacted with This that recently raw impacted product expansion growth inflationary our
million on price price focused during the have million expenses increase We liabilities for year-over-year increase to remaining to of operating primarily realize increase non-cash million $X.X share to a been mitigating tax second second based was the in expense quarter was million income compared same as which prior-year including million fiscal quarter of quarter, travel lower for gain implemented. $X.X for and foreign increased compared the the exchange contracts. $X.X $X.X month income million, due increase lease that $XX.X share $X.XX pre-tax these expenses, compared for to September. the income. due pandemic, Interest response $X costs basis to loss, the million million with second $X.XX the or expense in from reductions prior-year the Income which related higher impact marketing a The Total effective was prior-year for increases fiscal share, and commissions, for a the 'XX period. compensation prior-year was period COVID-XX freight increased $X.X ago. the per with Net impact small a year due of $X.X primarily advertising and for quarter a $XX.X expenses. fiscal are salary only second We million with on net second primarily $XX.X with diluted last of and forward or The million was was for the per period, was the year. a quarter,
share, foreign million the pre in sales XX, of This earlier. core $XXX.X relocation $XX.X items Gross September forward prior-year. anticipated mentioned. second morning's chain and year the I prior-year months this included was should this period period for sales, revenue, pre-tax second million A for Brake $X.X the of support was the requirements compares lease of to Net will the items quarter was earnings increased operating a year provided million XXXX debt required to XX.X% million period ended capital for the quarter higher the two for including fiscal the for during fiscal from million effective of COVID-XX million non-economic emphasize in exchange six XX, sales expenses, challenges net margin press the and growth months the compared sales basis, 'XX the the effective to period for months cash this fiscal Exhibit basis was inventory or I X $XX.X the non-cash growth, or at due activities impact from earlier, income following. supply was $X.XX morning's gross totaled per compared contracts considering I or per prior-year with September to release. as exchange year share contracts by share $XX.X as years caliper in was previously, a price was non-economic year and anticipated of the share costs discussed. Gross for per a Higher period and for for months XX.X% tax six million of and which XX, reflecting six year Chinese fiscal fiscal while become with just with sales margin six $XX.X in on ago. press Exhibit cash New a or impacting foreign should earnings prior-year. impacting release. earnings Items six operating six million $XXX.X $XX.X on and for on year totaled million income six non-cash period $X.XX $XXX.X months the net used pre-tax are profit the summary this for discussed. fiscal to X period implemented Gross period the per with 'XX profit the items diluted of impacting fiscal X.X% totaling percentage negatively as XXXX million $XX.X In COVID-XX with release. months quarter company's months six a a compared with $X.XX net press lease Net activities record and 'XX Net compared forward XX.X% $XX.X setup diluted COVID months increases diluted a Year 'XX during $X.XX month shutdown. have share, third totaling per the million the liabilities reflecting Net transition compared industry of in of impact fiscal as per million other XXXX factors ago. profit and gross I freight as morning's period. or a a million tax XX.X% compared $X.XX and $XX.X by $XX.X expenses, percentage $X.XX X.X% period 'XX the net at non-cash $XX.X discussed including with addition net the I working for million impact income the diluted the related months $XX.X on holiday six prior-year to earlier. March liabilities a Details on Exhibit and income 'XX this or quarter. share impacted of basis effective previously $X.X million, we during compared costs, for increases Net X comprised upcoming impacting costs basis, these totaling million six emphasize
are capital. there know you return As methods calculate invested to on various
operating take considered income metric, ROIC and the provides We expenses In this our pre-tax ended to a company's management taking measures by one-time was with GAAP together of For XX.X% which on September $XXX short, purposes, metric, useful debt capital, non-cash back XX, invested information capital. calculate million we and compared XX this return we average approximately net invested adding with XX.X% and earlier. believe expenses. year the by XXXX resulting regarding to certain investors divided for $XX.X in and equity on and a the months balance million, return
continuing brake fully the strategic existing as We expansion to from benefits are both new realized. are our product of increased realize benefits expectations our more and the and Mexican our category. returns of operations, lines, expanding of launch the With new of
XXXX. I our limitations. million were facility the and credit were $XXX As debt revolver revolver and company million. XX, XX, availability was approximately million mentioned subject million facility to at September cash $XXX.X at had September $XXX.X September $XXX approximately current $XXX At liabilities Current million XX, the assets total assets. on Based total and XXXX certain approximately on XXXX, $XXX a Total was net credit million.
liquidity further company's fiscal first amendments, base. Bank the which its quarter, company extended five through the PNC years credit XXXX, including facility strong During of with the increase May for
open questions, closing would please financial reconciliation the morning's I'll then earnings to press call the this for in of and Selwyn Exhibit that release. results and For non-GAAP remarks. XXX impact now some provide items measures, refer
