Rocky I numbers. discuss touch it going environment a to to quick current the I'm Thanks, highlights morning, of provide to on overview the Today, Michael. talk turn then everyone. Good before over a quarter, few Hillman, for
with dynamic executed far want operating to this say year, am our team Hillman has a I so First environment. in how pleased off I
illustrate our for the results Our performance. strong quarter
high the related first the versus our last the year, were quarter COVID results from summer. quarter sales still through sales feel last $XXX.X of Net million. from cost out our good flowing essentially about resulting the income Adjusted quarter XXXX cost of flat considering sales first XXXX. in We quarter totaled container $XX.X When first were statement, backing of million. EBITDA XXXX these goods in record-high the
flow is the we $XX.X our the and as pay million usually quarter This build. debt during we quarter. down spring to first in cash debt noteworthy increase borrow Free see allowed as the quarter for our totaled during us
the cost the high. quarter Now context. even a the our We lastly, Top results let exceeded cash this, our expectations our are all XXXX And during our will $X.XX flow frame our and our all-time was between be pleased our EBITDA net $X.XX inventory sales for with with for and maintain billion. consistent of an me that little billion free three results across guidance weather. our metrics. we quarter. reiterating belief adjusted line at expectations in add Because We're the with spite full-year of
will cash and EBITDA between adjusted our $XXX million. be million $XXX $XXX and and be $XXX million flow Our will between million free
We of will believe be halves. tale still the two XXXX
last from Our earnings expectations call. unchanged our are
and year and last adjusted second-half versus be healthy and suppliers, with and are on maintenance which in wider a our and touch our moat, remodel is our I'll which repair, growing our customers and are deeper resilient. just moment XX% be end-markets the up versus position in great over We're We down year. high expect EBITDA half first adjusted to a single-digits EBITDA to last
fasteners we solutions partner well. the are other The for and North-America. in best is Hillman We believe team executing hardware
hardware solutions home the the For those products America. story, providers North that are retailers throughout and stores, of hardware new largest improvement Hillman centers to one and other we're to of big-box
projects. on repair, pros pickup and remodel truck by Our products are DIYers maintenance used and
we have years of top our line XX in grown remarkable founded were a XXXX having years. We in XX and track-record,
maintenance to markets our rates our serve, of leading shelf. in-store team. and by driven group customers associates been consist our three repair, differentiators, moat, X,XXX which competitive the service of that deliver has industry This and of at that one, fill and record the we Our sales service resiliency consist remodel main the best-in-class
our retail locations. we customers, directly to Two, products our ship
truck over we team store. Our over needs locations. three, to us total, adapt directly XX,XXX over your We of distribution to DIYer experience challenges allows supplier. pickup delivered our when team these complexity marketing shipments help of XX% labor, the control the comes is that store supply ever-changing the importantly, of and or Hillman distributes when in from categories, maintaining revenue end-users. our all In so and customers overcome XX% to high-margin to XXX,XXX the gets brands generating SKUs to product customers our are the and chain innovation, the approximately And is our pro quickly important the that and traffic shelf, own, better
shipped our Oklahoma, Shawnee, moat customers. the XX at ago critical of damaged, Let warehouse Lowes community. weeks truly Unfortunately, with sprung to delivered time able our our a three hours. where our for accessing store damage get you was action products. deep why me why in from give so fastener to local causing and tornado significant a quick set-up the to we is the from into were prevented customers relationships are which a example The wide within with roof team and embedded touchdown product Lowes and straight ordered, the pop-up fastener and isle The Hillman picked, section
growing with top care them their of reliably consistently their rebuild customers longstanding, a you allowed something customers begin the five store and this competitors repair to of When our the Lowes and result all relationships is your partnership. to is and bring why that XX Shawnee have customers. we can't, Service take like year help community. This local plus
Now let me results move to for the quarter. our
versus X% at-home in XXXX unfavorable mentioned earlier, a X% XXXX, XXXX, a weather As as XXXX. increases headwind. and were net COVID in flat business. West XX% sales in the from during reflecting I executed Canadian our price was a This offset improvement were by decline our total volumes headwind from foot QX a FX versus excluding Lighter by you was have driven lift a also centers volumes in already heard X% traffic decline
in-spite Our repair, top maintenance to and by remodel resilient of line the illustrate projects. continue foot the declines traffic demand results driven
let's our breakdown makes sales biggest business net Now A of solution business. hardware over and overall the is XX% up by our revenue.
in For price the increase in HS the with in wins way an just The compared was volume, business months. year. last the last approximately under in X% which quarter, to led increase XX driven down to by X% breaks new plus X% revenue
record slowed low first While the particularly mid-single-digits hardware to the due the west. of rainfall out during to half were quarter, up latter volumes half
Robotics result, pent-up be Digital that RDS out sales there true some be As six-weeks assumed XX% West we would past at about a make-up and of or out overall there. looking demand the solutions revenue. our appears & over to
an our of graving During over driven sales the categories machines, the other like quarter, accessories. by key up increase RDS in in offset from QX XXXX, and MinuteKey, sales padding RDS slightly duplication which was self-serve revenues were by lighter
key is RDS driver profitable highly growth. of a long-term
adjusted year-over-year As growth. we invest is EBITDA talked in XXXX the the XX%. mid-single-digits an of attractive about as we in and year, for in the past our RDS, line profile margin growth around top expect year a This calls, we transition
machines, growth the these enhanced machines for padding the more will Resharp our XXXX investments during Rocky believe take set duplication profitable machines. in just we knife look-forward, quick and three X.X we light accelerated new next-generation graving a in key stage sharpening will RDS in on XXXX, As MinuteKey shed our by three driven minute.
up to X.X% segment XX% quarter. in our by than compared makes a year-ago little decreased a which overall revenue offset of up we during X%, of Our in negative headwinds expected, Canada was six came where points over about which FX quarter. Volumes Canadian more the about
just Protective the related XXXX, revenue hurt weather to quarters. foot were the the quarter. timing business, business up makes in Coast West year of from to down XX% start year. of remainder XX.X% under the of our of excluding Lighter all activities slow Solutions traffic, prior in our Lastly, Protective compared we locked activity Despite PS' for the revenues promotional year, our promotional have and us COVID
brand during our and new top launch traditional our through in our will channel of piece hardware QX. one AWP of five launch We will business with a QX customers
we being result, XXXX good a about excluding As COVID. digits, up low-single feel
offerings six-month won time a tested and performance. the the Recently, push Garden result of continue market to The innovation best the Better XX Homes product that & over envelope branded on frame. glove. PS our gloves for top grip Our was gardening gloves firm overall
great took to A of our inventory of result of topic major started our as has this with decision our to our the we in first, and twofold; invest great of in ensure The times strategic we customers. lead increase made rates is to fill took protect in XXXX, been regular order we to inventory, care customers. investors discussion care
and averaged XX% XX% Our XX% the quarter during than XXXX. XXXX, XXXX on for average more first fill rates during of
that inventory more we our The on-hand $XXX we and throughout with second would sell million is increased of during on-hand summer a have peaked normal the than about XXXX, times. in result XXXX
the by supply million. normal. pay reduce our the on year, have inventories still team say by that over will inventory we we end above us million $XX our inventory [Indiscernible] XXXX. Rocky believe will enhances normalized how to and total million flashing a debt been This chain an down original and free than our $XX for were inventory At which throughout Since put We reduced additional I the realistic The use quarter. rates. or we'll inventories of generate reduce expectation down will has we'll at which to global is with and million approximately of of is really flow cash $XXX of have $XX I'm that including free This of the it's flow, our near more a reduction up run-rate million fill shortly. peak million, debt. first cash touch year that $XX It reduction inventory during $XX performed, our our proud carrying quarter-end, expectation both XXX,XXX nearly
ugly have multiple the seen XXXX, increases, million cost $XX of on $XXX to of a shipping cost to of went turning fall and into last customers price of head costs, which commodities and XXXX. to $XX These the in price of transportation we've million passed to down and $XXX on we approximately its inflation, million effect labor. basis million inflation of break Now our Since in started through dollar-for-dollar cost. rear which
be several come annual secured us past we've rates, which ocean will the at costs XXXX, X, in Over contracts down attractive some for container of May seen and months, effective tailwind we XXXX. a our these
While pleased inflation impacted steel, remain this, with outbound by still freight. labor like we many costs are and
because seen basis XXX the point highest sequential company, of reduction of for the the our some in income in last quarter, the of cost February costs March the gross cost for and our placing how inventories goods had on the impact sold summer for history percentage we have during of container the flow we were results quarter paid our in through goods illustrates statement, included Our of year. the of the margin sold high
see dramatically, costs to these comes it While team fallen work have the that we with executed. I'm first they through the pleased costs how benefit. When inventory has control, before must we can
For distribution Kansas new California facility long-term Rialto, City City the increase open will example, efficiencies. network will this the to distribution our in of and is result hub the operating move cost our quarter. moving a multi-million end Kansas hub We and dollar avoided by second and fully by replace
facilities Georgia, enhance we new American Shannon, the several our Atlanta distribution us is near provides allows quarter, new Greater in first customers effective efficient Over store invested distribution have Toronto. in fill in us also past our Jonestown, direct Pennsylvania; This illustrated an delivery to for we North having which network, capability. manner, our north rates years, our of and efficiencies infrastructure opened XX% and as the serve by
future several our discussed, all to the allude As throughout plans cycles our business of exciting company in with and coupled the share this will improvements gains, consistent our more in performance half and set from the an solid of inventory Hillman. tailwinds. is and I've to for market year, organic even These growth economic starting second benefit leverage
me let Rocky. it With turn over that, to
