through some walk cash results X and flow you, metrics. balance Jim. numbers, also months Thank key for The quarter Great. and first cover operating third I'll sheet the the and
were in P&L. were versus sales X.X% the Looking at year. for $XXX.X Consolidated net last And $XXX.X first the versus months up up XX.X% first million, last QX XXXX X year. million, QX
sales year. segment, same up Looking million versus in $XX.X Engine last the $XXX.X net it by at were million, QX Management quarter
months, million. we're the For first X $XX.X up
the significant a are so year results are these our to made and volatile compare increases, better highly to against in XXXX, it's While comparisons XXXX.
wins of the stack quarter generally contributed year demand. for first sales business the with X this comparison, $XX.X X% and market and for result Further, customer robust in net first and million quarter being initiatives, a the sales $XX of for up acquisitions months, months. up increases the On the new this made million XX.X% X-year X Engine successful were
QX Engine, increases said XXXX net it's the And Control the better year were we basis, million, the like months. on reflecting selling first X.X% long And were in X up with X sales Temperature XXXX last that quarter as summer versus our for XXXX. and for Control a and compare first up the third $XXX.X very XX% to to XX.X% before. Temp hot were results the quarter season sales mainly and up for noted months, XX.X% for
Turning gross margins. to
consolidated down gross points versus but first margin XXXX for points was at higher X year than XX.X%. to in last X last Our year, QX months X.X remained the XX.X%
for production X.X during things normal the quarter quarter both and was year. third pieces, change the a when OE segments, of lower sales and specialized across the between And production there decline inputs; moving QX many impact the from last surged; XX.X%, channels. sales absorption versus therefore, and at reflected gross a certainly year X variety Looking one, last points aftermarket cost margin Engine are volume margin of primarily: mix and in down Management while inflation QX the in
relatively points from offset the a first X lower to from down margins the benefited Engine the XX.X% in For half rebuild which was of gross flat, months, of as quarter higher margin our Management inventories. the first year, performance the X.X
strong production, the far inflation in driven impact by quarter strong for XX.X%. Gross sales to Temperature X.X during in the quarter so XX.X% the decrease by points reflects The sales in up first was Control X.X for margin the year, months last of X season summer was costs, margin mainly decrease offset but the year a of for partly was volumes. the while from XX.X%, our in improved performance points
as the Management, Engine continue pricing in expect customers. and Looking the higher to on ahead see to we expectations our to volume rest gross higher year, costs of pass a margin see for benefit strong to we sales from
XXXX XX% such, level margin of which the fourth be to expect our for quarter be to year recover the As XX% range. we and margin from range to also expect we Engine same in the XX%, means Engine QX XX% in to our for full
approximately we full finished Temp at to our gross remain XX% For performance year. far and our so segment, Control consistent expect margin the for with year-to-date
expenses. SG&A to now Moving
increased included QX from in expenses million by of XX.X% SG&A $X in businesses. acquired consolidated million, last $X of and Our XX% versus expenses ending QX sales year, at
last million, million of expenses both in lower spending XX.X% quarter higher of X year. businesses up For inflation from acquired The of expenses including in $XX.X X SG&A months, the from distribution first selling sales and for months higher mainly sales percentage due as versus was the and XX.X% our ended first net a and increases to and costs. sales both $X.X levels resulted costs at
overall by increased As percentage a certain costs. declined in first which But reflects helped leverage year our specialized during the percentage costs. lower OE cuts the operating acquisitions, discretionary on sales, in of higher were distribution which improved months, and business removed quarter implemented the SG&A the pandemic spending as come volumes inflation had this sales X
was expenses last of sales and X.X last income versus up for from the net but XXXX year, income operating QX was acquisition other XX.X% months of before to points consolidated X.X and XX.X% in year. QX first points X restructuring, net down integration Our sales, net
As for non-GAAP we of versus our $X.XX to And X months, note diluted $X.XX year. first $X.XX share quarter reconciliation year. the per performance of resulted third in earnings income, per versus our XXXX on share earnings diluted operating last last $X.XX of GAAP
kept our surged share and to mainly lower was we XXXX per sales as low. QX But lockdowns decrease operating margins for as before, 'XX quarter high The and noted and production -- the expenses due gross earnings percent lower abnormally leverage. margin expense were SG&A as in profit
as profit better cost by quarter of not declined XXXX, sales remained quarter, percentage and per earnings they than of was more in share normalized a While third the which inflation. impacted
expense and in share operating As volumes, for was the SG&A first earnings increase higher leverage. and the X improved percent our profit due margin months, gross mainly sales to per higher
December of the down versus now as up million receivable end increase higher mainly at $XX.X sheet. and of sales from the decrease a in the XXXX, to year quarter quarter in the the year-end timing Accounts of balance the million result sales. result Turning from $XXX.X and quarter were $XX.X over the a with million XXXX September of of last
levels up $XXX.X $XXX.X up we million the of finished a rebuild last million $XX.X our year this December the at of levels last the after sales the of in last Inventory from September higher quarter half million, the and inventory with increase and experienced as from year, result surge year last year. both position sales
cash at flows. Looking
XXXX Our million while cash $XX.X different the from were capital flat, statement flow last operations million working of movements from to was reflects cash cash in $XX.X compared generated year. And first X year. last generated months of the as
cash year working this and regarding the first year. $XX was last X capital for And there accounts, months, both million used
of in as this supply programs. as our While we used accounts funding higher we management the for this timing cash used due cash year factoring and of shelves, by more our payable receivable replenished was accounts balances inventory collections as offset to less well chain
expenditures We the months, investments. $XX.X opportunities in become up we cash as million processes. X million of capital capabilities investment last more first our expand and at used continually our for during $XX.X find year efficient to from Looking
fund We $XXX.X also of and Trombetta, switch million used and aforementioned acquisitions our the sensor Stabil businesses. to
of million Our included Financing of share included activities paid our dividends mainly returns million through acquisitions, stock. in paid buybacks. and to used revolving credit also activities also investments and another were our fund common borrowings $XXX.X million dividends repurchases which financing and our shareholders capital but facilities, of for for $XX.X to $XX.X on
higher revolving than facility available credit and total this levels had more Xx even of of million and capacity we investments record than returns. sufficient of after making our with year, remaining finished shareholder While were under $XXX debt borrowings EBITDA quarter the less
with strong In so amount debt third which summary, we acquisitions, of continued low of substantial quarter this with the finish significant far and flow results us great are year. very liquidity. shareholders pleased returns to These levels operating our led supported generation, helped and results X a cash to
program. million achieve employees our effort repurchase as new important, last, far stock year the announced all dedicated for helping company of morning, results our a but and for results. these to Board Additionally, so $XX approve And their continued this we our the thank led most in
Thank Eric back all call you your the wrap now turn to I'll up. attention. for to
