Johan us. Thanks, Chairman, our Operating telephone, are today will joining participating in Financial Hentschke, these Jorgen, thank you Officer; brief and me with questions and join George here our President by Chief Chief Officer, Freeman, our for Kroner, answering and after me Airton CEO; remarks.
without February live taped XX, of is copyrighted on call our our on permission. telephone and replay. This replay, will not available website used Other we call recording, any This website authorized responsibility XXXX. be or through is our than not the and transcription may and will distribution of call. being for on It webcast replay remain have this and any disclaim be
results, future to knowledge caution as are update be and to based begin we will that our estimated obligation or the forward-looking current of we on any materially only. our results I results, assume statements. about that and discuss making no assumptions forward-looking could you statements differ are Actual from representative projected today some I and Before
our exchange taxation, evolution structures information in March of for conditions, and political recently For of that weather read in changes market factors affect shipments, and and industry are timing government uncertainties or the estimates, quarter. Such customer-mandated for but fiscal environment, regulation to, changes some ended include, and limited not interest and economic I sources. the to consolidation you year the rates our ended Form rates, and XX, urge most XXXX can XX-Q on XX-K the and risks
you and useful subject include non-GAAP the In effort to is unaudited based provide financial our of on is information may today Finally, to today measures. I investors, reclassification. an have to comments information for some allocations
please these including our to press measures, refer For the most GAAP details on release. reconciliations to earnings comparable measures, current
$X.XX tax period the or results periods September compared $XX.X XX, of per the Included diluted same the months detailed year. million, fiscal which share current $X.XX were release, press increased with year per half by million, year. fiscal for first period XXXX, by per income fiscal per and certain or was in the today’s items, of the $XX.X the $X.XX ended prior reduced six for the both the share in non-recurring income $X.XX diluted earnings for for Net in same share, for prior earnings share, earnings
the $X.X $X.XX XXXX Excluding share those year non-recurring by items, of of fiscal year for XXXX. fiscal declined compared income first to per million to first half half net the
the diluted year per $XX.X million $XX.X periods decreased and XX, For $X.XX $X.X for second or net was for share, of $X.X $XX.X of prior same $XX.X half fiscal income the XXXX, Segment million, million operating the for of or million XXXX second the compared fiscal per fiscal net XXXX, million year’s by quarter. first compared quarter second September diluted the to fiscal with respectively year. last and fiscal ended share, income of income million, $X.XX quarter
XXXX, $XX.X half and in same improvements declines $XXX.X to the million million second $XXX.X year and volumes sales segments, in for by prices. on Other Other offset to the partially and periods of XXXX, earnings in million the first the reflected periods North mainly fiscal by million earnings compared by fiscal year quarter, segment. to both Operations in Results for decreased revenues Tobacco America lower $XXX.X Consolidated fiscal the Regions
XXXX, million the XXXX. fiscal ended the decreased by Other Regions compared for million year September for quarter for million same $XX.X for with to segment operating by regions, million XX, $XX.X $XX to and the $XX.X six income Turning months to periods the
sales to volumes in compared the six crop months carryover the fiscal Both September the and mainly In same the Brazil, both months Africa, XX, prior in quarter earlier XXXX, and in six sales fiscal higher crop sales, delayed declines were up on periods periods lower shipments, carryover year. up in from second volume shipments. of reflected current on ended and XXXX,
the product mix Brazil periods, compared and the volumes, for favorable September improved Asia Results less to for from year. both on the higher In in trading was largely quarter months ended six also China. XXXX, prior XX,
lower XXXX, $XX.X significantly segment year, for compared to was and volumes. $X.X six America $X.X and sales million the periods million crop million, prior months on September same ended down fiscal for quarter the the $X.X mainly million income the North the by carryover for Operating respectively, of XX, for
year half availability In transportation due in volumes that fiscal States. the had shipments on higher the were delayed first to United reduced sales of XXXX, crop carryover been
and same the the and current crop sales smaller and of XXXX, fiscal Mexico year shipment compared in sizes, quarter addition, year second were XXXX. first timing due in sales down tobaccos of In periods sales half volumes fewer down crop to carryover to crop U.S. fiscal on in were burley volumes
Other operating for $XX.X an million of of XXXX million, $X.X segment in last this Operations the $XX fiscal income The of increase the fiscal with half compared first Tobacco year reflected year. million of same segment income period for operating
million $X.X $X.X compared year. loss the from For operating fiscal the of the segment’s of period quarter of to operating XXXX, the second for same fiscal million prior income an
results and comparisons. September sales the the for foreign ended in months tobacco for Results venture from more for XX, performance year, higher oriental to the our were quarter higher up our and operations periods on improved XXXX, periods, were Indonesia same In margins. on tobacco compared joint both wrapper in and volumes our favorable dark operations fiscal a currency prior six mix on
same $XXX exchange administrative XXXX the with first and offset year in mainly suppliers, decreased currency lower period $X on and claim to costs prior costs Philippines, of remeasurement partially year. net the million the million, recoveries by fiscal by by the foreign to for variances, general, Indonesia positive in driven half Selling, primarily customer lower and compared advances and
our XXXX, pressure while year crops fiscal Large carryover year results in Africa, crop XXXX, in flue-cured America margins. fiscal and demand, softer sales sales, on prices, and particularly in reduced have benefited North larger put
the factors period difficult created first of year. comparisons year for current fiscal have these the the last of All same to half
Looking the like half and prior second forward, in year. weighted volumes heavily fiscal of fiscal years, to our the will results in this year, be
this and year, adjacent investment we actively in During in company projects for our future fiscal have with also our investment been business with targets pipeline positioning industries. success tobacco our in engaging
in As in to that strengthen to our leaf see our we and line allocation grow capital business, disciplined tobacco and continue strategy, tobacco opportunities investments a make where leading with we global supplier business. leaf
our additional our base services value-added to This sustain supply principle supply provide provide with the and needs. and major farmer further customers chain sustainable of long-term our tobacco customers' We have recently and agreed in in Philippines. support help supply will one efficiencies, expand arrangement
of targets We with deliver and for our outside also a deliberate continue, value adjacent that to shareholders. growth our our tobacco in industries disciplined potential opportunities in to markets utilize capabilities and and actively will pipeline in believe and assets engage leaf manner, we
management. such to can expertise and grower adjacencies complex consider We country logistic strengths, be and we management and industries as network markets, leverage agricultural knowledge, where our
remaining growth As the we on history. tobacco, opportunities within to industries adjacent look dedicated our building are explore and and tobacco strong leading supplier to global leaf we
repurchases. progress we we have to through adjacent investment share fiscal also industries, business the first shareholders time on dividends and over $XX shareholders through share investments pipeline the our repurchases. to same dividends our we in million year that been our returned value making In half At have XXXX, in and of and leaf our tobacco returned
investments the second enter half new delivering growth As we fiscal long-term our of about we on year, are remain our value to and excited focused opportunities shareholders. for our
At you, this I'll questions. your we it take back time, to are to available Jorgen. turn
