Thanks, XX-Q Jim, quarter with company ended for afternoon. September filed SEC. This and the good XXXX, the afternoon, its XX, Form the
I read entirety. this do, always As you filing its I in recommend
I full the XX, details operational ending X quarter will September months company and results, third EBITDA share flow the and XXXX. on cash for
year. focus strategy reductions, reflect results company's in technology pricing and executing current and priorities company's and our long-term within new launching investing aligning smart continued this expectations the the driving right The are in on rationalization, for our customers, including The point financial long-term systems. at plan, innovation and information the our products results cost against with revenue and
or X, recent XXXX smart revenue prior to we third a The Slide on and basis, million quarter to declined in reflecting compared the notably when a profitability. million constant $XXX focus strong the $XXX revenue $X by X%. compared for of quarters, quarter, revenue year quarter. On compared our $X decline to driving slowed currency ongoing reported decrease On million in revenues million year the of of prior
current decreased profit year business adjustment reserves of $X $X for impacted million the by the Gross XX% Printing by prior million higher compared when unfavorably inventory to of in or quarter $X Electrophotographic an change a employee net year million. the was of Gross aluminum million, $X in costs Solutions and profit quarter. reserve benefit
year impact Foreign in gross exchange no current had quarter. profit on the
third Our compared percentage of XXXX in prior year by gross impacted was profit the the noted. previously in the XX% quarter, XX% factors unfavorably to quarter
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for of $XX Excluding these was the current million prior to million and items, year income $XX net in year net quarter compared quarter. prior income XXXX
$XX EBITDA $X was for million million in prior the Operational compared quarter. quarter year to the
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Turning to Slide X.
year the million a decreased Adjusting XX, period to of $XXX X% we for compared of million impact current revenue exchange year or prior reported when $XX the months XXXX, in for foreign X the to ending compared X%. the revenues prior $X September unfavorable in For million by $XX $XXX or million the decline year of million of period, period.
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gross exchange year the Foreign on current had impact no in period. profit
months percentage XXXX, the XX% year X in XX, to profit period. XX% prior was the gross September for Our compared ending
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noncash $X include of related changes of changes to derivative fair and charges of to related to related $XX on million embedded extinguishment non-U.S. million workers' the debt the a and and in related million results from million income to compensation authority employee benefit $X and year-to-date a a value refund XXXX governmental of liabilities reserves. $X in The loss
prior items, XX, for ending net the to prior current million the decline X $XX Excluding $XX of in million $XX of XXXX, million. compared income a these was net income months September period, and year year
was the period prior $XX the year million $XX million. compared a $XX period, decline for to EBITDA of million Operational in
in operational million and prior by current noncash the reserves Excluding changes periods, compared compensation the period. impact $XX prior workers' to year the in decreased employee benefit of year and EBITDA
the in year EBITDA operational on impact no current period. had exchange Foreign
year higher Operational EBITDA efficiencies volumes manufacturing current and administrative by employee costs benefit certain trade inventory costs higher and with organizational improvements further reserve systems, and the lower in matters. unfavorably for show drive in drupa the as impacted period investments with associated information and associated operational selling technology reserves, well costs changes was litigation as structure and to adjustment,
to a from decrease of continued building business our presented as improvements working X. $XXX company manufacturing the customers the in allow in Slide which to AM&C The our line this with facilities. on our supply reflects on XXXX, and million performance in along $XX quarter make growth million CapEx expectations. with The to with XX, supporting company's equivalents, Moving third December cash is cash investments in ended cash initiatives, us we decline in capital
used from For million. changes of in operating earnings by $XX ending $XX offset months of $XX balance net other $XX decrease capital liabilities the a primarily of activities change was million, cash $XX driven a million, a flow XX, of of including partially million, from in in cash sheet by cash million XXXX, and September X working use
working by $X and period. by Within due in to decreased the cash from million, brand the of to The million proceeds cash. $XX compared team decrease receivable million which million received company's XXXX prior The improving continues decreased January profitability increased on and $XX accounts receivable focus working is capital, licensing. generate performance enhances by capital, primarily to inventory accounts accounts ability year payable $XX in in to
assets months due period, prior X additions partially an $X Cash XXXX, of used offset million. for increase an to primarily $XX from capital when of September compared the of in activities investing the XX, by of the was $XX increase to proceeds year $XX million in million million sale ending
by quarter and prior period. made net for Cash This repayment financing investing used received of cash was driven from compared $XX change amended during million refinancing related in $XX received restated loan the year within from provided financing from the million $XX in proceeds the of XXXX primarily and ending to months activities the the X in activities XX, to first prior by million September of was sale of the the XXXX, transactions year term period assets proceeds agreement million the of activities. $XX
million as and obligations million compared decreased when efforts arrangements. the of collateral by company and driven XXXX, escrow business primarily December of to XX, for certain by $XX cash Restricted cash $XXX reduce requirements balance to strategic
As primarily State cash addition to under supporting Workers' collateral secure a compensation escrows cash undiscounted required with the New restricted facility and the cash reminder, to credit of actuarial the letter represents various collateral in workers' Compensation obligations. York company's Board ongoing obligations
on focus alternatives reduce continue restrictions to will We on cash. to
and a effects a decrease in transactions, authority the presented of exchange, on proceeds equivalents bottom from refund year-over-year was portion period of prior cash cash foreign from million. As the year $XX governmental the impact net refinancing and non-U.S. the slide, excluding of
remarks, company's this in As stated expectations financial our results point within earlier in my the our strategy. are at long-term
us We opportunity focus will opportunities in continue operations our to have to ongoing on fund to maintaining which to and provides the the execute growth foundation continue strength worked invest we strategy. of the hard create, our to
in remain now compliance back to Jim. I financial Finally, turn we discussion with covenants. applicable will the
