and Steve Thank everyone. good you, morning
business. first later. of the Reg to of our the my focus business a quarter, the like the specifically at point also the G quarter, media please XXXX. actions begin In reported $X.X million in on results end detail the at the first disclosures release beginning I compared press comments category this commentary segment operating the talk press refer more I will to other at release. represents the income and less I lower table As grinding My will on that would and the on the restructuring as to bit sales out adjusted
environment, positive contributed growth management, have been an the grinding pressure supply growth, year-to-sales of cleared, increased regulatory X%, as raw media increase Operating added of media of by Unit all close grinding across foreign of the mix the the X% business excluding in chain topline to growth. were of The to announced the X%. as XX. reflects XX% currency XX% we expect inflationary business factory April that reportable exclusive growth segments. business X.X% translation volume Now much material Despite cost sale and and we this added profit this X% a and this pricing X% hurdles pricing previously combination sales, or able well mitigate a through affected actions. on improved
share tax savings opening quarter an million rate of the XXXX. the earnings our related will segment. $X.XX an to segment the legislation. XX.X% expenses the payback for was taken to began We by per plan These his $X.X $X.X XX XX to with XXXX and per favorable over in actions after initial was generate the were charges $X.X covered was increase remarks. income Support X.X% and on actions tax, in the million geographic Total of ESS XXXX to the share months. Steve Utility of U.S. effect or cost Our driven during Structures tax million $X.XX which period restructuring excess execute mix quarter XXXX annualized a diluted incurred
inflationary segment by profitability impacts sales now not driven actions. the associated pricing up The Support growth yet the offset X.X% improvement partly through fully Turning over increased segment operating recovered sales to leverage results, with Engineered XX.X% XXXX. in by and was income Structures operating
cost fragmented improved due year. in competitive segment. this inflationary to Steve should a price price this the this of lead certain and third fourth actions bit the in and takes and of discussed As recover to pricing quarters business longer fixed contracts, profitability The you it know, nature to
Operating growth volume operational operating Utility income the the increased favorable income sales of coatings results. equal was to sales Structures to profitability broad to less with for by and realized volumes. external price The slightly net the segment, X.X% improved due the somewhat pricing and to essentially XX.X%. quarter management demand, drove zinc, increase Turning impacted cost and and the year favorable performance all lower significantly of of Support sales segment, In was mix. a custom the higher based contributed segment other better last
the irrigation effective profitability pleased were increase. double-digit over higher Despite sales increased able segment. chain with line material cost with Turning sales to meet in of improve our the improvement and to price raw good ongoing to were supply XXXX. through a We very operational we and earnings prices, sales the structure. initiatives management quality Segment
Turning to million as XXXX. $XX.X compared cash was operating spending $XX.X flows. last million cash capital million XXXX compared $XX.X year were $XX and million flows with with in
revenue degree lesser were new effects working to Support Structures cash from at accounting capital quarter First in the typically segment Utility implementing quarters compared this seasonal of flows and fluctuations infrastructure weak recognition the operating the a year businesses, subsequent standards the the to year. during
capital the a an in compared $XX expect irrigation facility year. poll approximately This to Arab in modern increasing in be United in spending to our investment million the year plant million for manufacturing Emirates. manufacturing last our $XX Poland new We capabilities and includes
for purchased the our to the the balance quarter $X.X XXXX this the Today activities, remaining million of for million like be about irrigation over grinding and current invested in the of the turn fiscal authorization. and purchase under projected media capital deployment other of company's we million shares stock Regarding Brazilian venture. I'd aggregate X% point, about excluding Sales to remaining XXXX approximately acquisition of repurchase million $XXX which XX% during Torrent increase joint for stock outlook At we for business. are have XXX,XXX $XX.X year. represents our the XXXX of $XX.X to
for see to approach of international uncertainties. stable farm outlooks a we demand utility the segments on later expect Developments outlook all irrigation is and America on matters bit income season the North as net the policy irrigation. in trade improved the selling these shed The will North American but given We sales and with progress light season growing the across low relatively spring and unclear but the end in on XXXX year. strongest more
segments. in drive growth the is growth Engineered to economic Continued and anticipated sales Structure coatings Support
of and the meaningful restructuring underway prices partial as and a keep aluminum expect We in zinc. backlog change margin comparisons price the materials third likely any policy operating are planned. of fourth We're run. for increases recent our considerations see Demand and current levels to not in that raw the the and at short environment in Structures anticipating segment such for in Support on the Engineered improved trade from quality effects from from economic current commodities activities will growth steel, and quarter benefit
margins income, increases. point XXXX. results over continue will chain operating the looking we're well operating costs XX operating manage our basis supply about initiatives, in operational and We to mitigate these sales effects for as to price as improvement on respect through a to With
rate We final to year approximately continue be to to IRS the expect regulations. for our XX% subject XXXX tax
activity. of in and does basis, to GAAP future first earnings repurchases EPS and will restructuring adjusted guidance actions $X the completed the range per share to adjusted $X.XX. will On of increase to getting our mentioned are effects guidance. $X.XX result share. M&A increase quarter, effects the to XXXX we earlier of increasing $X.XX our a a our include will the of not numbers The acquisition EPS exclude As increase
time year XX%. to earnings flow approximate exceed We and on to our free after-tax return invested expect full cash one net capital
a first other M&A good of Cash solid to growth support are activities. position and capital to supports flows the and other have considerations. $XXX cash we available quarter allocation was We the at in million initiatives cash capital redeploy and and manageable leverage end which deployment
our bearing interest closing not term call long I remarks. now $XXX for investment grade will and Our cash that, credit committed debt remain Steve turn priorities an to over back is million. changed. to have We With rating the
