joining appreciate us I Gary. today. you, everyone Thank
including performance, operating encouraged fiscal the gross increased strong flow. positive by margin, are for results and significant EBITDA We sales cash increased our year,
debt we generated positive to $XX.X paid activities operating and months, cash down XX million. in million from by $XX.X net million the For $XXX
for in months Also, record the also satisfying be that hubs. quarter. noted other X softness should product and up fourth sales in the comping the all quarter were we results fourth year. in than industry were against the for the are add these add third prior it particularly quarter, might I that considering categories in fiscal wheel I that quarter might a
We our have had a and hub realignment month. customers momentum at of to our starting wheel business regain of one expect this
highlight Let a strategic to few near-term me initiatives. a take key moment
we overhead, turn generating from First, cash profitability brake expect margins. benefit result respect in and both volume in program from which accretion capital. profitability, will to in to absorb working help will increased With our overall increases increased to that
We expect accelerating brake-related lead product from both purchasing production. to take more to efficiencies of and sales will opportunities advantage
this in that in emphasize top should in we X caliper our of suppliers XXXX. a today, greenfield August brake I business the as we started are operation And category.
we gained As capital. newer traction, working brake neutralize our further to lines inventory efficient expect more turns initiatives to product support
Second, reduce to accounts focused working with capital, capital, to and major working X we which payable. inventory respect generating on from include areas cash are
are processes days to enhance These We early outstanding have and on payable inventory in still processes to extend accounts efficiencies. their implemented stages.
benefits expect we over to recognize time. meaningful However,
of allocation evaluate capital to maximize shareholder continue We value. to
Let me provide metrics to our date. few a accomplishments about
on working capital. previously focused neutralizing we As mentioned, I are
on at reduce working payables that the should by we which year days an As cycle. of today, days million full extend will the have end our on basis, of commitments outstanding XX annualized capital by $XX
implement program. continue to this aggressively We
our us to targeting we part maintain introductions part Third, leadership introductions, These supply are XXX the base. number new least categories year. we sales in position to help per our and accelerating new adds at
beginning current Dixie, which DMV profitability and and fiscal growth year. our Finally, segment, from includes we "other in this expect
additional opportunities than the next We X equipment diagnostic million of more with sell within $XXX years expect to pending.
are testers deployed. service Additional more revenue realized be should as
diagnostic We in is current XXXX, to year. business our in gratified and profitability that the are achieve fiscal testing profitability business the expected fiscal heavy-duty achieved
the some half year-over-year metrics shortly. fiscal on improved positive industry second To profitability that capital. among David Despite reiterate, neutralizing other basis, for remain profit will in on of is the softness focused nicely the a working rebounding, year, gross highlight and which we sales,
We will and are along confident sales enhance through market and further will generation. that capital working Increased our grow gains. flow with profitability profitability organically share our cash initiatives
enables program us for our terms our facilitating offered is our have access of payment to This nicely. to rollout to capital. vendor our suppliers while finance a to The suppliers program progressing extend program early
extend result number in accounts outstanding we days, commitments working reducing by already mentioned, have the just for capital. XX of payable days I to will As which
right From to recently their received top manufactured us an from at award our leverage relationships, state-of-the-art mention that SKU great strengths, our a merchandising products support. add standpoint, and coverage, customer in strategic solid marketing identifying echelon the of what I not do we job including we value-added takes suppliers. facilities, AutoZone, to might to are it industry-leading continuing for
should in enhance shipment products mention expected direct wheel to to competitive position. our that opened I a facility for in manufacturing customers, to our Malaysia new a hub further support we is XXXX which
is parts. for lines hard to sales meet Mexico positioned increased demand to market growth of aftermarket additional nondiscretionary as are our exciting parts. our our with on momentum, Our and rate opportunities our well and demand aftermarket part are multiple in we gain for customers to continues we this the growing utilize focused in The product experience footprint
business as the hard industry extremely dynamics as for to in company bottom are solutions. sustainable well long-term positioned and Favorable well we for bode testing our and growth well top continue parts line
continues of brake our gain portfolio within professional market. that including growth our the brand lines, our all rotors. most This shoes expect significant product and to to build additions pads, includes share calipers, our market quality brake in recent We of
demand our multiple product I as expect we to lines, across increasing the these capabilities margin gross In customers' short, place reiterate, have overall we and accretion. grow we lines. in capacity support
and opportunities to the strong further down generation enable enhance Our debt other related value. shareholder us will cash pay pursue flexibility to
nondiscretionary data average industry of represents vehicles is by vehicles showing In be engine worth And the of It's of will the vehicles conclusion, electric internal parts aftermarket decades. outlook that with operating population internal recently XX.X versus all on engines highlighting XX.X% approximately road. combustion for the that for updated market combustion here years. supported age the vehicles
our key on our ability of the to focused We vehicles competitive is model applications a meet ability these models. replacement of our applications range enter to One advantages for makes market. expected remain broad demand and all as newer and offer
company Board identify and to on focused announcement director and been candidates. the working yesterday's before turn to I'd over on regarding refreshing evaluate comment David, to like Finally, the I Board. call The the has
year's Jack annual are who received to We The fortunate stand at the nominate major intend helpful to Liebau, from have to input shareholders election has most qualifications company. Board for meeting. we that regarding be identified to would this
Jack in that believe and only the highest that for input aftermarket taken industry. the have seriously standards governance, We has and not independence meets also experience but
a is an Board an company's has background exciting the for point excellent and at candidate He solid the evolution. in
yesterday. background coming process You ongoing, in can read weeks report expect more in is further we about ahead. and and the the The release we months developments to Jack's issued
call in over the greater David our to detail. I'll now to turn review results
