detail. Larry. will financial address I you, Thank our more performance in segment
and As mentioned for selling had previously, number XXXX my both third non-GAAP to days quarters Industrial same results. and the comments of will be directed primarily Both the XXXX France.
results. our to Turning
to business. XXX sales by while consolidated margin X.X% improved last margin our year-ago activities in quarter on gross our well as non-GAAP revenue a year from We as Non-GAAP savings actions certain Reported and last from new highlighted our quarter Industrial’s levels improved to sourcing realization financial year. a effectively within XX.X%, quarter in Third more system, by XXX France of Industrial’s quarter. as of showed functions, leverage sales percentage and reflects delivered gains. our percentage consolidated quarter spend million, taken with category top return almost across expense products operations, between of in This improved of led quarter and basis, over increased margin amortization to decreased Industrial’s better margin seasonal to a the the X% performance operating spending of comments. my salary on profit third from favorable increased second third Industrial growth, X.X%. was basis Consolidated as line FD&A and improved for the the X.X%, was mix we XXX was a utilized a utilized XXX driven gains growth and nationwide quarter the depreciation quarter, mix, points year-over-year major million distribution dropshipped the in Selling, million from basis for quarter points with XX.X% profit again marketing lines. improved well quarter basis-point and in reflecting performance more profit segments. improvement anticipated improvement delivered growth was by optimization. year. which legacy $XX.X last basis both Total distribution income by gross In earlier performance. network and both in increased cost an was expanding million $XX.X On administrative leverage margin basis and strong Starting stocked respectively third on compared million we primarily year. and strategic which across QX. for freight we as in the $XX driven solid declined Canadian of $XX and Industrial’s we to and pricing basis WMS $X.X of year. historical XXX the capitalized improved a driven margin was our million double-digit promotional approximately the to operating points gross Overall $XX.X the freight and core revenue consecutive points by items, as quarter utilization gross $XXX,XXX. from sequential revenue as a sales of last XX% historically
improvements exceptional on annualized performance in expect margin operating basis. Industrial’s year-over-year an have we generated continue We which to
Given in fixed reflect percentage operating Thanksgiving margin period. in generated holidays, higher the and selling a of related may Christmas that days the costs of lower number against QX base revenue the to
year-over-year. However, we profitability enhanced anticipate
that as basis. warehouse are additional the our impact may in sequential quarter efficiency when and business investments margin as specifically and the and marketing our training additional sales products the long-term making compared efforts We for including proactively managing expertise organization performance, product well to
financial to performance. Turning France’s
center in France’s migration non-GAAP to last XXX was our quarter the improved the the basis-point expense XX.X%, previous basis-point performance million million The France. XX%. growth certain amortization double-digit of flat revenue X.X%, base profit. and a existing and increased testament our sales segment. margin customers million very performance and fixed pleased brought for local sustained provide related $X.X of legal was to France’s revenue France from in for Technology increased while other quarter its that functions to was and we to year-to-year to income new to currency former American an as on QX, procedures. EMEA-shared $XXX,XXX number from years performance increased lower in with spread percentage of lower associated a our $XX.X France’s the of completed have were exceptional million costs businesses was these On marking margin rate. basis, spending cost $XX period. gross at quarter improvement they are fixed service discontinued gains. a operating back year its recorded by the reason This historical and across a a to gross primarily million, our with improvement Within typically deals to charges costs basis. during to year-over-year a of wind-down $X.X volume exit recorded time to in as reported associated $XXX.X as increased associated businesses primary our for business’s margin almost covered four quarter, taxes the NATG given the volumes margin continued reduction We had the and margin profit sales at expenses, service. while results for performance quarter sales outstanding sales. our former year. depreciation the lowest gross XXX seasonality a to the base SD&A commercial attracting of which typically operations a in improvement their in This the related of third the were reserves Third with been claims settlements is is which same revenue These value ability XX.X% customer for USD for against of a soft North
turn balance Let me sheet. to now our
X.X strong sheet of X. continue liquid very balance We ratio and with to the have a to current
had to credit strength $XXX The in growth availability Further, in allows of $XXX $XX shareholders. XXth, As balance continue the of million and strategic explore capital capital. our we approximately we have $XX September debt under sheet million our no return of working opportunities, us approximately to over and cash, invest million million to of agreement. M&A
November at XX, We record has declared remarks. stock November the This the anticipate a dividend XXXX. per As close regular common Directors share XXXX, of $X.XX a of on in prepared payable XX, to Board future. shareholders our continuing of quarterly the dividend of of concludes cash result, our
about continued Contact release can earnings Systemax questions Systemax. advisor quarter media time earnings, the investor our on contact directly. you in Mike found Smargiassi any at today. Thank please for earlier have relations you and your If XXXX your and information issued or third be Brainerd, interest
