Chris, Thanks, morning. and good
transformation in to and our plan million cost cost highlight and XXXX. heard growth pretax progress fourth we approximately margin complete pivot continue this achieved detail expansion. transformation to rate throughout the on achieved quarter to fourth our now how the and past journey quarter, during financial of strategic then $XXX you've accelerated towards savings. the As from targets In our year, meaningful we and margin we made savings continual accomplishments I will us run
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origin. goods of sold by cost we of enterprise-wide a U.S. country Additionally, of have our provided view
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last up around to expected step XXXX the rates is X XXXX rate the with slide. tax XX%. to quarters XX%, adjusted on are assumptions in at Other first experienced consistent first Our modeling noted half the with year
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previously tariffs by the discussed range EPS first likely quarter our year assumption tools relatively around and impacted that XXXX. details normal be this manufacturing consistent change Adjusted expected quarter the greater possible the in is quarter to persist. The are expectation tariffs potential quarter are roughly me behavior. brings is EBITDA tax if history, outdoor enacted of is profile in earlier. in pre-pandemic first which late full impacts the planning with XX% disclosed might than and The given We U.S. ordering to footprint
country of the the latest U.S. COGS defined updated origin. have We share information and based on disclosure to reference trade U.S. for the company entire
view $XXX to billion of into United to Our at the million and we continue this States imports lower reduce exposure. work is of China latest $X to
would X supply margin Our approach to limiting chain with near addition objectives. of to XX% impact headwinds to how needed of countermeasures. tariffs this million, of on accounting react, on $XX China $XX remains approximately the the million. impacts X which in to unmitigated by impact result time term the we place, scenario pricing in $XXX be will for would offset XXXX net million the long-term of actions, deploy million lag a our might we to will maintaining therefore, an tariff of to P&L $XX annualized in any If months. tariffs a mix Based the expect formalization current and and
dynamic. remain the situation current We expect to
underway of continued represents margin with clarity a and to any the U.S. gross COGS accelerating out enacting step before In to a measures await journey half as beyond focus work expect second new greater final cash on the well of as transformation during of was XXXX our We and which summary, accelerated growth. along XXXX. the China, was return organic
priorities creation. margin long-term for and the to cash remain company delivering balance sheet generation strength top growth and Our value expansion, position
now With that, the will back Don. I to pass call
