our local basis In over GAAP an U.S. we growth X% $XXX in selling due currency XXth will Revenue on approximately day currency where Canada for of was with double-digit daily in performance average offering. matter would and expanding with one million gains X.X% strong its detail like the growth second quarter had Barry. holiday revenue X.X% lines investing are second basis. and expertise, of sales the year. period a in training basis to to XXXX Canada ago of on an product fewer later now address more than growth average was consecutive quarter in the delivered we newer you, product by in with categories be revenue across led last while Revenue year subject more daily quarter continuing the the Thank sales performance XX% year. I broad-based of to and Easter constant versus note on QX sales this increased that
late top the cooler due levels to second-quarter perform of which June ramp returned weather continued We to in a in several sales did Historically, also and noted. patterns have our slower peers see to categories of HVAC. one our well. normalized HVAC
sales through also growth training profit $XX $XX We Gross continue was channels from the last invest XXXX, to margin prior Gross of XX.X%, and proactive and increased management of inventory. we unchanged have from the first million to in for purchasing specifically up year. the initiatives. managed in fully tariffs year, to million inventory, had enacted of where sales quarter our address XX% sales, reflecting productivity September pricing across worked our which round
of operated the the were we a last to have business how latest which approach We round enacted year. XXXX, with the over are tariff increases managing in similar June
and $XXX,XXX monitoring reviewing XX.X% to and in abroad included our distribution our suppliers, million sales. spending chain. Selling, net work expenses. are the both supply the prices We or of sale This and separation mitigate for quarter $XX transition market, and costs domestic of to administrative continue was executive actively with
percentage those Excluding points efficiency was including prior expenses, SD&A improved primarily SD&A operations from The across our of basis the of sales improvement marketing leverage a XX year. result spend. as the of improved
budget. This $XXX,XXX facility shipments remains on expected our as had new performance, increased distribution in new receiving the network on customer currently Dallas. plan delivered end facility approximately to and is incurred we pressure better and costs with is product in QX. commence Our The towards have associated cost center DC of
half the basis Dallas operating online XXXX to as will million profile other DC this bring expense of of expanded the reduction year see basis and be increased variable operating points was This much income in from the the expect $XX our drive operating in additional by a will spend ramp On We of year customers anticipate and quarter. we GAAP margin absorbed that ago XX help second to centers. we in improvements expenses our operations. facility serviceable and
Total capital of for continuing cash half Capital recurring X.X and million in operating free the increase operations XX quarter. the second the operating range to and in XXXX. expense expenditures nonrecurring million Excluding In expect point expenditures and from an $X the quarter $X flow Total improvement $X quarter margin was a from million X.X%, million, was the were and $XX.X for we $X.X approximately first of income million. quarter of basis in depreciation the was non-GAAP million. was non-GAAP second of XXXX. amortization the XX.X% adjustments quarter XXXX, million for $XX.X
Let me now turn to our balance sheet.
We ratio X.X balance current have X. a of sheet strong with liquid a very and to
of approximately working no As million had essentially $XX cash XX, June we million cash equivalents, $XXX in borrowing capital. over and in and
$XX excess capital Further, us our approximately million credit of million sheet $XX to to we strength generation opportunities, our and explore allows The agreement. strategic our and growth invest in M&A flow to under cash availability continue balance return shareholders. have of
of common regular in and Board a our result, quarterly of anticipate dividend $X.XX share future. declared continuing Directors quarterly As have a per we of dividend the a stock
our prepared remarks. concludes This
The you Investor your about in have at continued information XXXX second quarter Relations questions Plunkett you for on Smargiassi Contact If earlier Thank any found the Group, Systemax can Mark interest please earnings directly. or our and Advisor issued release be today. earnings, Systemax. Media contact
