Thank read release filed everyone today. I the earnings you, and as encourage everyone. later we Selwyn, this to as press that good morning issued morning, well XX-Q
at now provide revenue of second due increase product million evolving a me year, with second Let and benefits in representing financial to fiscal quarter sales 'XX compared the million inventory distribution fiscal a with centers realignment prior Net of sales as were X.X% $XXX.X core $XX.X a review for $XXX.X changes. our million the results. quarter excludes which customer mix X-month of
the the $XX Gross profit noncash $XX.X fiscal was earlier. for year profit well was for million 'XX as items compared as a by items. impacted Gross quarter cash second with quarter million
details The by noncash finished profitability. shelves, and to on GAAP. Let the core provide further each but item on additional amortization, enhance the premium reflect the and fundamentals cores our customer me revaluation provide underlying understand impact then and good and which products line required of you between details further on items to I'll opportunities unique certain of for each, can and periods are
accounting approximately these The of website, video. I our in $X.X to topic encourage detailed review and is anyone about with this total the the available more was of core would million. quarter on noncash questions items explanation A
incurred customer items, surcharges excess we cash terms implemented. we higher that freight freight already In costs of in of
freight, $X.X higher addition, including cash related and Malaysia these million and disruption In costs, press release. tariffs supply referenced to that the [indiscernible] disruptions other was costs of there were in year chain compared costs. a as chain ago impacted profit, total on of Exhibit morning's shutdown X million facilities related gross with related this to due tariffs $X.X impact earnings remaining our supply of other The
decreasing. are are that encouraged We these costs
with Before should note $XXX,XXX on, expansion related quarter. moving prior this our no second transition year quarter there were in ramp-up the to Mexico I and expenses compared
that We are operations are someone referenced. related financial brake performance increasing and volume pleased as greater nicely, previously we and expect with enhanced sales benefits calipers
sales gross transitory related was the X.X% impacted mentioned the quarter to XX.X% Gross as of percentage for by chain items supply as from a profit mentioned and earlier. margin noncash second disruptions. XX.X% from X.X% compared as Non-adjusted a cash year with well costs net previously items was previously
margin supply shortages chain of products. semiconductor was gross quarter for products unusual for chips diagnostic company's impacted and the for heavy-duty the by critical Additionally, components critical
global experience chain and to continue supply extraordinary costs. challenges We inflationary
our were most price not While increases recent fully effect. in
shortages In in the product impacted inventory unusual second heavy-duty year mix summary, 'XX to certain quarter revenue components diagnostic inflationary supply gross critical core of for at for costs, of and of centers. fiscal compared margin the prior a customer prior the the changes due chain by benefit in products, distribution year the and with realignment higher was company's
quarter from price the increases benefit of effect to anticipated well as end certain future as current expected the margin Gross went earlier. discussed into is fiscal that at price increases
foreign million were compared year lower expense noncash liabilities transactions. $X.X the impact $XX.X from to includes period. quarter expenses forward of currency This prior of million the expense to year the operating with million foreign down exchange lease for increased $X.X $XX.X a and on, noncash due Moving the mark-to-market with and in contracts million $XXX,XXX prior of
$X.X or in of X net were this release. a items totaled earnings per detailed million that or impacted press share. share by Exhibit reported million We as per $X.XX of loss morning's Results $X.XX $X.X
goods million or $X.XX and items share Results revaluation million cores core explained. amortization reflect the totaling finished customer and noncash impact premium shelves $X per previously as of and $X.X totaling including of
that loss chain share. for the $X.X liabilities and disruption items Cash impact included transitory to $X.XX of impacted million $X.X forward related or also supply of a costs contracts. results include items lease million exchange Noncash per foreign totaling
impacted company, products, profitability. the products which critical travel, In and components costs should opportunities, heavy-duty for of implemented previously. enhance expected addition the overall quarter cost-saving chain results the including for outside I debt services, referenced company's note items, are unusual that by have we labor diagnostic shortages cost initiatives primarily throughout supply reduction as to were and to
higher for results to expense fiscal by for compared last due with impacted customers. emphasize prior discount million the higher million should higher accounts Additionally, rates Interest by programs second primarily I expenses year. were the significantly to interest receivable interest due our $X.X $X.X compared rates year, with the the rate offered with also year, the interest on was program the period. in receivable company interest interest by the large of prior the sharp but offered This increase in driven prior accounts quarter discount was discount second nearly incurred rise customers. compared triple, is by the interest an X.X% paid year in rates expense the a expense that our primarily quarter
in which to significant certain are we rates, expected order implementing costs rates this help previously. higher rise offset to are interest and address these price noted In increases, as
flow on borrowings. pay cash to We focused improving down are also
benefit tax Additionally, expense was income the tax year $X.X with income million $XXX,XXX period. for prior compared
the part effective to that mentioned tax rate also benefit we not in did As specific which foreign was to jurisdictions the of you losses. from affected due expect recognize
benefit future However, these be realized will we expect against profits, losses rates. tax future will which
pretax primarily $X.XX income million total XX loss was foreign $X.X $X.X transitory per $X.XX diluted Results items per diluted per earlier supply a to share. forward of diluted related $X.XX the $X.X basis, disruptions. in for million a impact chain -- or ago million $X.X exchange or Net including diluted per include the noncash per or were million diluted million share cash share, items of or liabilities and contracts and totaling of costs or share These $X.XX lease period. $X.X impacted on a $X.XX by a year totaling share, year noncash
and $X.X was mentioned items before EBITDA EBITDA in quarter. above, was million supply chain quarter disruptions. the million for due to million as related $XX.X of for the transitory EBITDA by items, to second cash as impact noncash primarily the $X.X cash well cost million. noncash items $X.X of was impacted second
products above impacted the In products unusual shortages the for as of heavy-duty chain items, EBITDA was referenced diagnostic addition critical to and by for supply components quarter previously. the company's
primarily EBITDA by $X was for a cash supply quarter second the related as on as year $XX.X million prior expenses, costs chain transitory disruption. $XX.X items year million. of well EBITDA to million impacted was noncash of
mentioned items, the was second EBITDA before $XX.X prior million cash for quarter. above, impact of the noncash and year
in the to sales sales realignment benefits Net year fiscal million results. million core X.X% $XXX.X as Now product with months prior centers changes. revenue period X-month inventory customer $XX.X increase of the at an X the in discuss $XXX.X due evolving excludes distribution 'XX compared were million, a mix which me representing let for with
million the earlier. profit a compared 'XX Gross a the with year fiscal $XX.X a for profit year Gross was XX.X% million as period period X-month percentage fiscal net X-month was of $XX.X sales with 'XX compared XX.X% earlier. for
with X.X% earnings by of period Gross 'XX year $X.XX or of million diluted per per These $X.X include items, 'XX items for for was as $XX.X noncash million detailed morning's of items margin or share Exhibit $X.XX total discussed compared and loss chain related $X.XX totaling was in by period in Exhibit with the impacted this the the Net 'XX the quarter. press were $X.XX compared share. year fiscal noncash net to ago. was release. share detailed for items income a X-month a primarily $X.XX $X.X impacted or previously as $X.X supply X-month X in various share, fiscal transitory Gross primarily X-month transitory margin period by or impacted prior for by $X.X disruption X.X%, disruptions Results million fiscal X. per million share million cash per and or supply costs totaling chain per
were items, as of previously. for chain product and impacted components the diagnostic In addition above company's the X-month for unusual by products heavy-duty the critical supply to period primarily results shortages referenced
XX-month cost to the pressures impacted million related $XX.X EBITDA cash fiscal disruption. by chain primarily items, as well million supply of items, for in the EBITDA $XX.X 'XX million. transitory was period as $X.X to due noncash was
impact was above, cash EBITDA million for $XX.X mentioned noncash items, of the current before the and period.
company's as above items, products, In to supply referenced chain for shortages, the components period addition impacted diagnostic previously. was unusual as X-month the for EBITDA -- optical previously heavy-duty and products the by
cash noncash due EBITDA $X.X year items, X-month impacted million $XX.X period to in pressures fiscal well by items primarily was $XX.X to disruptions. as transitory as million, for chain the 'XX million related cost prior of was supply EBITDA
of impact and million the $XX.X before items, above, was noncash EBITDA the year prior cash mentioned period. for
cash increases activities year in items. capital in prior will the operating working activities on requirements reflects in Net solid second period. sales corporate the was support quarter we versus used move accounts cash operating Now million during receivable. flow million including to $XX.X key cash and $XX to in used This fiscal growth,
generate to expect activities do for We cash 'XX. operating fiscal from
We generate demand, customer increase expect footprint supported categories, increases from year-over-year operating introduction the and by of from efficiencies in an expansion. operating basis, our growth to on profit product organic new price a
invested XX.X% earlier. XX, compared Our year at was basis XX.X% capital pretax on return September XXXX, with a on a
new of existing and As expect both from realize categories our Mexican we returns and with brake from expansion operations the benefit of of fruit, investments bear expectations our to further launch increased our lines. new the product
the total was cash at quarter was while debt the on credit $XX.X availability net million, of Our approximately the and revolving end approximately $XXX.X facility million.
amendment to of Lastly, of covenants rates. tripling we and our recently facility to the entered nearly credit modify into timing interest the implementing a to costs match increases fourth price inflationary to address
financial For in reconciliation X-X this release. further results earnings explanation measures, that morning's please items the and non-GAAP Exhibits to impact of on press refer
the open I would for to questions. now like line
