this XX% for Thank this management, quarter, working disciplined progress quarter results We cost you, And lower made operations growth, sales unless generation, continuing net strong and indicated, sequential discussion our cash excellent capital. flow reflects only. otherwise John.
down X% year-over-year the sales XX% down our For million, first quarter, organically. or were net year-over-year $XXX
million. by translation $XX non-GAAP currency negatively approximately impacted Foreign sales
expected, sales pandemic. reduction year-over-year As primarily COVID-XX impact the the the of net due was to in
Our And program gross XX.X% earlier, is XX% John Gross well for profits as from of profit XX.X% margin said to last recognition. quarter the as quarter's as sales large lower this down compared mix were a $XX prior year-over-year. higher deals reflected down million, supplier of year quarter.
the declined for $XX quarter-over-quarter. million a At implemented X% quarter end year-over-year expense July, of program. expenses million, SG&A we non-GAAP and Our declined of annualized X% the $XX.X reduction
of SG&A benefits. restructuring are $XX In to the Our for million and we lower recorded of reduction partial fiscal $X.X on quarter savings. cost -- related first XXXX, impact million achieve and expenses non-GAAP quarter the year a track cost a in charge severance reflect we
$XXX,XXX the higher from approximately expenses which COVID related September totaled have in quarter. experienced costs We
XX.X% the to we tax rate to For XX.X%. from estimate range fiscal effective year XXXX,
our Now turning to Working million flow for investment and quarter capital trailing quarter-over-quarter. year-over-year declined and the strong and balance of XX-month generated cash flow. first We the cash for sheet $XX million XX% XX% operating $XXX period.
position. liquidity and balance our sheet continue to We strengthen our
recent down of X% increased remaining including and cash year-over-year cash we down came and as debt and John million turns at inventory discontinued of million operations. X.Xx and September XX, $XX to XX had XXXX, quarter-over-quarter DSO On trends. with we equivalents levels, in decreased our Our $XXX XX% relatively referenced. our stable days We
Our net trailing sale approximately On business XX, XX-month our completed of adjusted Brazil Latin products October X.Xx the outside Intermacs. America, in leverage of EBITDA. we totaled to
first We and I'd are XXXX closing actively sale to in our products call over fiscal working business financial operations the Mike of back divest Europe Both held statements. in for to classified on And as divestitures sales year turn like U.K. opportunities were for and to the our now quarter discontinued comments. these
