Officer and these Chairman for Hentschke, President and in Chief Operating Rochelle and me George join remarks. will our us Freeman, Officer; me Financial our Kroner, our and questions Johan here thank you, with joining today after you answering today. Chief are brief Thank CEO; Airton
our website XXXX. replay. be this copyrighted and website is and our than call being may It remain we authorized This will on without have is Xth, transcription replay call webcast for and available live distribution through on permission. replay, be the disclaim of not our telephone of This any Other any and taped May or will not call. on recording responsibility used
begin and you our and of any making representative I no results on to be will and are obligation future caution we knowledge assume today our Actual from statements could update current we the are estimated I forward-looking about results, forward-looking differ or that that to materially some results projected as statements. only. assumptions based discuss Before
our in information and and market March for recently of changes on timing weather consolidation that read conditions, shipments, changes taxation, in of rates political rates, factors affect the estimates, are quarter. mandated Such environment, sources. uncertainties structure for fiscal customer but economic government to, and include, For regulation ended I limited the to you not year the our and ended evolution, and or industry exchange Form and XX, urge most XXXX can XX-Q some XX-K the and risks interest
may an for allocations reclassification. is and subject is on today useful investors, include some based In the provide today non-GAAP financial Finally, you to to measures. comments information information have our to of I effort unaudited
For GAAP press earnings please on to release. reconciliations comparable to most measures, measures the our these including details refer current
or period the $X.XX $XX.X per December or nine diluted same with year. income $XX.X million fiscal XX, per diluted months $X.XX of the XXXX compared prior ended the for share million of Net for share
non-recurring earnings for certain the by December per today's in previous nine detailed $X.XX respectively compared XX, year. share months press the and declined diluted income XXXX $XX ended same period Excluding are release, million per items the net and which share earnings in to
net For the XX, income with quarter fiscal net share $X.XX $XX the or third year's $XX.X or ended for diluted million December $X.XX was XXXX, per quarter. million income diluted of share prior per compared
income share detailed same Excluding certain which declined net diluted earnings earnings compared and per to release, $X.XX items non-recurring by per year. of are last $XX press and respectively quarter million the in today's share
$XX was ended $XX.X $XX.X of for year. both a was $XX.X December ended million the million XXXX; December a million, quarter XX, operating million Segment XXXX and same of XX, decrease decrease to compared nine fiscal the the last for income months periods
in declines Results December the compared period the nine segments, year. earnings and prior in by Tobacco the the Other other X,X reflected Operations for months North to the improvements in partially regions ended as segment earnings XXXX fiscal offset same America
all to sales fiscal XXXX three and on million months results $XXX prices. by decreased nine compared $X.X by months For ended previous billion year to XXXX. the Consolidated to for XXXX, lower million and the the December the for segments XX, revenues million the XXst, quarter December XX, ended ended $XXX.X to quarter for declined $XXX.X compared December volumes
with year XX, $XX.X the by for by same for the to million ended XXXX Other the million quarter XXXX. Turning operating for the periods to and to months regions, $XX.X $XX.X the million fiscal nine segment for $XX.X Regions December income compared decreased million
timing. mainly and later In customer Africa crop carryover lower both in shipment from periods, volumes mandated sales decreased
and third December prior sales December carryover volumes, were to XXXX those volumes same were sales the prior period. were the but processing quarter compared declined nine lower higher higher crop compared nine prior shipments, in shipments, months compared earlier for lower quarter XXXX crop and ended down months year. Europe for for and quarter, to periods sales Results months the on the on XX, down Brazil, periods in year. year on current to December the in up the XX, ended volumes, In XXXX on current Asia the the XX, up ended in but trading in the in fiscal nine Results fiscal
XXXX compared months for prior income down on nine Operating the North year, crop million, December fiscal by period million XX, was the carryover volumes. for the primarily same significantly ended to America the sales $XX.X $X.X lower segment of for
fiscal of volumes been XXXX, were availability half shipments, had but higher to sales reduced crop United on first the transportation the In year due delayed carryover States. in it
current fiscal XXXX In sales XX, crop on burley and due December addition in the ended nine Guatemala in and crop to year crop reduced and Mexico down were same were to sizes XXXX. U.S. volumes the carryover months in tobaccos smaller sales sales of lower period volumes volumes down compared
mainly the lower in and XX, the lower in volumes period XXXX of sales the ended the by down Operating America on and Guatemala quarter segment income was States. sales December United for $X.X to million, same processing for North $X.X volumes for prior fiscal the compared million year,
million operating XX, fiscal last segment by increased the year. Operations with for same income ended compared of XXXX Tobacco $XX.X period $XX.X months million nine the Other December The
million XX, $X.X quarter $X.X XXXX to the year. segment's same compared by of the million, For operating income December the last ended period declined
periods sales in volumes part venture were compared due well delayed currency periods. to third ended as from of from primarily quarter XXXX, volumes some part In quarter XXXX in quarter our sales for both remeasurement joint fourth in oriental to of and the fiscal fiscal as in for XXXX, same months the the variances into shipment to fiscal XX, the year. periods, customer unfavorable Results nine both results previous prior fiscal the tobacco December lower improved compared timing for our in influenced earlier down and year by wrapper dark shipments operations higher the exchange
XXXX months to $X.X as remeasurement to nine $XXX.X periods in to costs and exchange prior quarter Reductions decreased both currency administrative as variances, the lower and period reflected year. million by XX, million respectively. December and ended same the foreign tax the positive compared $XX.X and million in well million $XX.X general for charges, by value-added Selling, fiscal
of half same to reported current with to XXXX the through period first year, year fiscal continue our year oversupply Consistent results quarter from has reflect year volumes third market benefited sales unfavorable the the for variances also fiscal results carryover in fiscal XXXX in and conditions North a selective that have volumes created and crop this when margins. mainly America pressured environment we Africa. large of Flue-cured
second fiscal half our year customer mandated XXXX fourth weighted quarter. to addition, in heavily shipping are In the fiscal of instructions
have tobacco We leaf supplier. remained leading also focused global solidifying on position as our the
and steps supplying business share our such by opportunities optimization processing whether leaf compliant tobacco sustainable our in taken by of gain We crops. develop realignment increase continue in our and as of efficiencies, operating to on leadership to in focusing see sourcing or capacity, Malawi, recent market it be footprint
Inc. early the time in non completion our we At invest FruitSmart in XXXX. previously growth announced plans January such to acquisition, the and tobacco of opportunities in are our first announced progressing same
We our company. and with customer established FruitSmart an fit vegetable value-added adjacent We is excited believe business-to-business offering as market that agricultural are base a fruit potential for about non-tobacco for ingredient processor acquisition niche a very initial our an markets. good and growth in
As platform. we have stated are step FruitSmart broader agri-products and foundational service a represents building a
of to provide are to working work and of our long-term our segment objectives. new this resources in value pipeline support on continue business shareholder We develop to necessary our
to At this we your time, take are questions. available
