Craig A. Creaturo
reckon good sales products pleased with I'm performance Edmund, our Edmund, achieving our morning, you, expectations, for and to Demand globe. the Al keenly especially from in bit is a grow, and team goals. long-term around an consistent all focused with sentiments and balance everyone. continues To profitability a the on little Thank and our of and pieces of moving several healthy with environment management short-term both, our
quarter the short-term at and underlying the look third that from responsive a made business quarter, we sales against changes for adjustments as implemented you high our maintain As our goals and selling profitability momentum step accomplished we recent price U.S. can level, challenges. and the we positive see labor
specific Brazil, and quarter that and income, fiscal from Brazil $X.X expected non-income in estimated may in operating to million. of our an of gross the amount recognized fourth recovery the XXXX, recall of benefit you taxes we Beyond
with lowering our Supreme months quarter, following the recovery. of reflects the of adjusted EPS and this of of taxes the reduced additional completed amount review adjusted decision. This slightly fourth estimate net XXXX. same the reconciliations clarity of in in the earnings the treatment of Brazil and has within in consistent During connection included with our the process recovery Accordingly, benefit the impact $XXX,XXX release, EBITDA of associated recovery non-income the of quarter fiscal just estimated during Court we matter been
and tax expected U.S.-based the fully benefit tax As from below U.S. This we our for effective to that brought extend QX decrease pretax earnings the Edmund attributes. have the our QX. income outlined due into in line, will have QX impacted rate headwinds we our overall and been slightly not QX tax range rate for able above look effective certain a and to
XX.X% increased increase turn Let's adjustments, to offset selling by net $XXX.X million. shortfalls. primarily $XXX.X X The Slide partially of by webcast million price responsive volume sales to the presentation. Consolidated was driven from
the month selling the For challenges In mentioned mix price in that the although Asia, lockdowns segment, challenged the proximity during by current the China to cost have earlier. last levels. Edmund the still of labor beginning Asian was we are portfolio our cost, of the muted and sales several response pool to working March operations. XXXX demonstrates adjustments performance months to for volume made fully over The in Polyester the rising change input in U.S. pandemic price been was today's normalize by
growth year, and experienced volumes For but Asia, January February over prior March the stagnated.
than driving volumes exhibited Asia the quarter and are inflation inflation a been in price year-over-year stability, strength, in material in were although sales to a lower Brazil, year. price segment Asia comparatively followed costs. in has benefit XX.X%, Although result strong U.S., Nylon mix prices of In in levels calmer still market with this following the accordingly. increase raw as sales of continues dynamics increasing prior higher exhibit the
represent our input QX weaker during headlines XXXX, conference labor Polyester margin decline comparing profit the input percentage and XXXX gross Turning to QX last gross the gross cost of labor The to and segment XXXX costs of segment in overview, each to gross profile gross Slide total the Fiscal attributed profit we When six shortfalls that million. profit quarterly a in due limited were U.S. mentioned of impact experienced and -related on challenges, call. as in U.S. Fiscal volume month sustainable The profitability. half $X.X the margin lock-downs, this a had Asia, the for maintained of the strong about products to underlying continues. COVID segment's March decline demand Asia
unit Brazil, currently fiscal margin from and will In updated been highest to business impact of contributor percentage year expected fourth an in Brazil sales, of includes this our will headwind our However, the guidance XXXX. the more segment lock-downs Fiscal the of the rate the XXXX. with biggest become evident gross in has of the is the for and margin remains into be accordingly, in normalization. as by quarter And gross factored will some a the future. and the face both, important success we
important it Beyond the observe changes, is quarter year-over-year sequential gross changes to profit on X. challenge presented -- the Slide
in million in of Nylon The profit. the quarter. have improvement we progress the sequentially segments made proud We an $X the showing December segment are from over Polyester and Polyester gross of
As Edmund of we during pay margin continued highlighted, and to improvement FY'XX. gross our focused into FY'XX starting and expecting efforts the off are remainder are
which continue and innovation to sheet, share allocation, a which $XX and capital We March an had Slide XXth, to million capital XXXX. Under as priorities. on repurchases our and/or availability our quarter in brief against a provides Revolver, Moving strong invest balanced on allocation X, ABL ended update of the approach of maintain with million organic opportunities. third $XX.X drive business sheet the to borrowed and we balance growth, to expect to with balance remain M&A opportunistic our
to total on XX,XXX quarter And $X a the the during in third noted in spent slide. under previously the Fiscal shares as release, announced we and press this repurchase for share As million repurchase of described year-to-date. X,XXX $X.Xmiliion XXXX, we program shares
take slide final us of the available remains to Edmund and call activity, some the to for now the comments. $XX.X. repurchases through make million current presentation that the pass Following program. back I'll under last
