and encourage as to morning later everyone earnings the the I press morning, will release issued Thank good that read everyone. today. filed this XX-Q you, be Selwyn, as well
of review quarter results. third months Let our me fiscal and now financial provide nine a
with impacted the the XXXX, quarter for Net year in approximately year. XXXX of have and XXXX fiscal prior sharply business results prior were with quarter customer Fiscal by expected earlier. the Orders a for and sales continue compared Selwyn resumed $XX customers reducing were new third through $XXX.X the fiscal in delays million orders approximately third compared to certain we're as million million. other million mentioned $XXX.X fiscal fourth quarter, by current with $XX
cash a quarter non-cash million well $XX.X impacted the items. with Gross Gross by was profit compared XXXX was third as million fiscal $XX as items earlier. the profit year for quarter for
Let will additional further impact further you fundamentals on on profitability. me opportunities line details and the so between then provide provide understand I item and details can each, underlying the for enhance periods each to
the required cores revaluation finished reflect encourage on core website, premium topic anyone and quarter non-cash certain of GAAP. by for to was core to with in unique are and I would products the total $X.X million. group The as these detailed A on of items our questions about amortization explanation The shelves, is which approximately review and items customer non-cash video. accounting available of our more this
disruption also release. $X.X X million transitory of earnings supply ago, press year chain compared with We a this million in Exhibit as $X.X morning's incurred referenced of costs
decreasing. costs are encouraged that these We are
was XX.X% related supply the mentioned by percentage items mentioned earlier. chain Third XX.X% as sales impacted profit a transitory disruptions. with costs on X.X% items quarter net gross as compared year previously the previously from as Gross from a of X.X% to margin cash well was non-cash
to chain are to be and global improving, situations. assess geopolitical global seem we continue still COVID-XX challenges experiencing challenges and While supply
for higher mix. current volume fiscal benefit production in certain lower is and expected fourth to and in price summary, realized in addition non-cash XXXX. product the in fiscal be sales increases full enhanced XXXX prior costs In margin not quarter price to the the overhead third year compared costs items with the gross yet by explained margin Gross absorption volumes as increases, and by to changes of is previously, due of cash the inflationary quarter temporary with lower covered impacted was improvement
$XX.X include of $X.X million million a gain of expenses $XX.X The for million the Operating remaining year initiatives. quarter expense forward liabilities non-cash to with prior contracts $X.X in from prior cost-reduction $X.X the of This period. and were non-cash impact for year down exchange compared $XXX,XXX. included million a loss of foreign lease the million operating decreases
We totaling per million of release. results the this detailed morning's share. $X.XX or transitory items per share. in disruptions reflect impacted X $X.XX included Results diluted $X supply reported press Exhibit related diluted or net non-cash $X.XX million costs diluted totaling impact income items chain of to Cash per or $XXX,XXX as that share, $X.X
be items, cash previously XXXX. the mentioned the due price of for and full In sales and the changes yet impacted volumes addition fiscal costs to certain the by higher non-cash overhead covered production the fourth temporary and and margin lower not in quarter current is results volume product to as as were discussion, increases mix. inflationary by are in benefit enhanced in with Results lower to absorption above gross costs quarter expected of in increases, realized price
to travel, profitability. that initiatives which implemented opportunities, overall costs I labor outside we cost-saving should throughout company, are services, expected including note have enhance the and cost-reduction
primarily $X.X interest Additionally, year. compared results share quarter prior expenses, by were higher $X.XX of third diluted to the also impacted with higher interest market million fiscal the for or rates due per
customers. for Interest that further incurred rates resulted Of expense X.X% with higher interest offered year from approximately market by this compared expense of sharp interest primarily expense, driven program XX% rise third in discount our $X.X the receivable was I increase compared the emphasize $XX.X with a large for should million accounts the in interest was in year. million interest by prior rates. quarter last the
paid interest expense increase period. year than the the triple more rate prior the This in is discount in company
non-discretionary arriving satisfactory supplier issue. committed As automotive a parts, this to of solution we to critical are at a
improving cash flow focused down are to pay we Additionally, on borrowings.
the was nine provision benefit in expected the for that for the also the from million year tax The period. to income reflects Additionally, specific losses I with $X.X tax mention inability months benefit compared income prior $X effective to tax foreign losses. at the tax should affected expense benefit due was recognize tax million the jurisdictions. part income rate of
will we which However, against future these benefit profits, rates. future will tax losses be expect utilized
was and per diluted $X.X income year items per or per non-cash year-ago share million earlier $X.X million costs or items primarily million totaling $X.XX or Net diluted a related in diluted $X.X by impacted were Results transitory to $X.XX supply $X.XX period. disruptions. the totaling share, share cash chain
was million. quarter items by non-cash supply third well items primarily to the due quarter. was cash and transitory $XX $XXX,XXX million cash was related of the $X.X impact as above for in the before disruptions. of EBITDA million non-cash to chain as impacted third the for items, mentioned EBITDA costs $X.X EBITDA
for above the impacted costs in increases, non-cash yet EBITDA absorption was by overhead price volume mix, lower the covered mentioned. to previously addition product due production temporary inflationary and not by of quarter and cash items, changes as costs lower In further to
fiscal price in the current and improvement quarter cost-reduction in enhanced of initiatives. be to by increases the and higher EBITDA expected addition benefit sales summary, XXXX certain In with fourth to are full volume
$XX.X million. third supply prior the ago and $XX.X before year million of a costs by EBITDA chain items non-cash year above $X.X prior mentioned the the non-cash related EBITDA expenses, cash million of impacted quarter. of was for for $X.X EBITDA disruptions. to well quarter cash third were million year as items as impact transitory was primarily
in months to discuss sales realignment benefits sales year, fiscal million the million core X.X% $XXX.X as Net product with nine prior centers changes. revenue period nine-month inventory customer $XX.X increase of the at a results. the in let $XXX.X due evolving excludes distribution XXXX compared were million, a mix which me representing Now for with
press million the profit of compared the XXXX non-cash as earnings Gross a the this with fiscal X impacted $XX.X in fiscal a by period for supply for Gross X.X%, profit year and Gross was XX.X% margins X.X% in disruptions transitory million as period period nine-month items morning's percentage XXXX fiscal net chain nine-month earlier. was of $XX.X was sales year with XXXX compared XX.X% a release. nine-month earlier. detailed Exhibit for primarily
cash margin for items items quarter. by mentioned, In XXXX addition impacted and to was fiscal gross just period the non-cash the for discussed nine-month various the previously
full quarter. We expect comments higher as with enhanced with gross in benefit increases my be margin of I and certain the for the improvement to noted previous sales price volumes,
Exhibit $X.XX per items supply the primarily share compared totaling of per or costs related or impacted $X.X share Results for diluted XXXX $X.X a net diluted share million $X.XX loss fiscal ago. non-cash detailed Net transitory disruptions $X.XX cash items totaling $X.XX income period to X. nine-month $X.X $X.X per million and were million with or as or chain in per year by million was share,
for by results above higher the items result discussed period discussed the Results are sales as were I In volume. various be and a items, addition price various enhanced of previously. earlier primarily concerning expected impacted to nine-month increases initiatives the to
items. the above was before period non-cash non-cash cash for well in $XX.X items nine-month million EBITDA for as million mentioned cash the period. million EBITDA as EBITDA the was of $XX.X $XX.X XXXX impact impacted was items of by and current fiscal million. $XX
the addition for In to various previously items by referenced the above period quarter. nine-month impacted for the items, as EBITDA was
XXXX initiatives. in of prior EBITDA In we full cost was nine-month volume million. impact the quarter, summary, $XX.X discussed, EBITDA benefit higher year for as impacted realized prior year increases certain are items. $XX.X $XX.X before period as million the non-cash of the price $XX.X for and mentioned for period. fiscal above I improvement expect the cash million items along million reduction well of sales by cash and as EBITDA was with as EBITDA non-cash items the was
cash flow during cash growth Now XXXX million $X.X move and for year operating versus in record on requirements, third the activities fourth in cash provided to expected used sales support Net year-to-date fiscal working key reflects we operating fiscal This quarter. items. million will $X.X prior corporate the the sales period. by activities was quarter capital and
increase fourth from and basis operating quarter expansion. introduction our We growth the a profit by expect to generate product footprint an price demand, on operating increases for supported of quarter-over-quarter customer from categories, in new organic efficiencies
fourth our receivable significantly sales in to increase point expect out enhancement our result should due next in volume, quarter, It in be outstanding that record will which receivable is should I cash flow further we to approximately the year. to XX the noted accounts balance days in the that – new fiscal days.
Our invested was XX, a with XXXX, December XX.X% on on a basis earlier. year compared capital at pretax return XX.X%
of to fruit, product categories, expansion we and from both from the of our bear As expect and investments lines. returns Mexican launch brake of the existing further with realize operations our new increased expectation our new benefit
the approximately revolving $XX million. availability total debt the net $XXX.X Our was the facility at credit while on of and million approximately end cash quarter was
modify facility inflationary increases Lastly, a tripling covenants the interest of entered into price rates. fifth costs credit to our the to we the implementing address timing and to match to amendment recently of
on of explanation items that earnings please results Exhibits to further X financial reconciliation impacted in to and For non-GAAP release. measures, this X refer press morning's the
like to questions. now for would open line I the
