our current we few to we in debt regarding cash and a Mohammad, want as facility. have you, words good our and Thank the confidence begin credit renewed positions morning. with I our
As you in we are our credit availability aware, line. $X.X had billion considerable
first EBITDA. quarter X.X Our was below for XXXX of the times leverage ratio
our position decision we to quarter. repurchase availability second cash the our capital to and share the interim line, addition reduce halt In program, our the credit for investments, dividend non-critical flow cash on strengthen postpone
have kept assured issues of this if our year We our no cash and almost drawing were XXXX. fiscal the down needed. quarter we liquidity, generated to we lenders of from with terms In flat level end
the our of So strength this business. to speaks
our our We to we capital and debt, business. efficiency reducing operations invest to critical value-added high-margin drive continue projects continue while our in on focus to in expand
ready when this and in earnings passed. opportunity us has revenue the on for short-term, to much growth pressure see see we future we crisis While be for
our this from and challenge. of Del as these declared, Fresh I all am weather difficult Given emerge Mohammad will stronger confident capabilities Monte times
get with $XX into With the $X.XXX the adjusted $X.XXX quarter during quarter Adjusted billion XXXX. by share that, sales $X first in with earnings net per unfavorable compared $X.XX compared were will by sales XXXX. net first with per pandemic rates I negatively Net for the diluted diluted quarter in of first impacting earnings share that were results XXXX, $X.XX billion impacted now XXXX the We of approximately million. sales estimate exchange million. COVID-XX of
of million quarter million million and million the $XX the $XX with with $XX was XXXX. income was Adjusted million in XXXX. year, compared net $XX income with compared profit $XX gross was first in operating adjusted prior compared in for Adjusted the million quarter $XX
the in million $XX compared to product $XX of year the And million with to regards fresh million $XXX first the quarter lines first period. of segments, in quarter $XXX compared profit our million XXXX, and value-added in million million In the for sales decreased with net $XX gross business XXXX. prior to $XX decreased
sales The partially decrease meals of in and result fresh-cut net pineapples, higher sales by of was primarily snacks, vegetables, avocados. of net sales lower offset the and net
fresh expectations, first recall quarter affected and As voluntary in during the sales effect Also, November’s affected net XXXX. COVID-XX the net the of continuing compared our pandemic our sales the million original product of of $XX an value-added quarter. estimated Mann with products by our Packing
compared North impact due of to which operations, in Philippines and $XXX of net Also in primarily demand to our pineapples unfavorable in primarily million in In lower across period, COVID-XX Rica in production the our as sales all sales our of prior were due result contributing pineapple pandemic, $XXX decrease Asia and the year category, million lower Costa was growing Europe, to to the sales resulted the lower volume America, a conditions. regions. for net
as Partially higher, the were higher a year this in was and existing was period. X% offsetting unit expanded the sales in unit than Kenya from prior XX% X% to Overall and sales and Middle selling markets prices higher cost our result and North pricing shipments of higher volume lower, volume decrease additional America operation. was Europe East
governments our sales $XXX in period. sales net a were cost result volume prior were year this with unit imposed prior and and in with of the category, pricing social as in was of distancing Overall food X% unit higher million by impacted XXXX. service the quarter world. measures channel than fruit were period, line fresh-cut around demand food line first our Net lower by the In year distribution
net net was of reduction sales vegetable $XXX In first of in to our the our category, of which COVID-XX with business during of the the significant subsidiary. our compared pandemic, in quarter sales March, Mann food the were in fact Decrease service month XXXX. mainly fresh-cut a due Packing $XXX million million
was Volume and was unit than year XX% the November voluntary the faced product was our also in higher continuing X% We unit announced XXXX. recall of period. pricing effect cost X% prior lower, lower,
XX%. cost the In million was prices in America a our our in lower with processing Volume period selling and in facility And Chile. sales start-up due to in than net due Also selling America. XX% sales were $XX from Mexico. unit decreased North prices in result by were Asia the and costs first volume North avocado XX% offsetting increase higher contributing primarily volume higher the category, quarter lower Pricing year of Partially to in demand. this compared increased impacted was of to prior sales XXXX, supplies increase higher. new as from higher $XX to net industry increased million sales Europe
$XX was the net In Mann volume and XXXX, million Packing in period, primarily the pandemic. first as to voluntary quarter sales higher. X%, lower Volume was result prices line our product due cost X% with and vegetables a result million of unit recall, the year $XX decreased to as decreased unit compared prior and with sales of the of lower and selling sales category, COVID-XX a price in
citrus, nectarine, and cost the category, Net to plum, Volume first $XX in non-tropical with compared quarter X%, lines. apple, million unit unit decreased sales $XX pear, grape, includes berry, X% our was product peach, X%, increased million and kiwi XXXX. increased which lower. In of pricing our cherry
traditional Gross continued of In traditional primarily was meals our pandemic, and volume net lower product rationalization due to and in was The line. sales decrease product profit in snacks the product sales the company’s our prepared the impacted Mann the net net decreased sales the in product higher and company’s food prepared line. the snacks includes our product product offset COVID-XX XXXX recall. by voluntary sales line prepared impact impact and which lines, meals Packing of products, partially business in
$XXX business partially net XXXX, by the Europe our with higher In million to $XXX offset segment, East. and million in compared in sales net million first due to sales banana $X to Middle America, in Asia, lower net quarter primarily sales of decreased North the
COVID-XX. the to by sales impacted lower closures port was in related and Asia volume China
sales supply banana industry due in of impact of and XXXX, Europe decreased to selling the net the lower COVID-XX beginning prices in March.
also As during compared estimated pandemic our an million production sales North COVID-XX was lower by America banana regional the supplies quarter. our the affected from area. America expectations, impacted Central with net by $X
Worldwide prior quarter year the Overall higher. year’s profit volume last decreased period. Total was to gross unit higher million was first $XX cost first And over compared pricing X% X% million the than decreased of banana XXXX. X% to $XX quarter. in worldwide
XXXX, selected advertising to $XX quarter to the and financial lower expenses were of during general expenses. moving administrative with the mainly $XX data. compared million million Now administrative in quarter Selling, first due
actions expect impact selling, reduce to recent positive general, have and beginning quarter. a We administrative expenses the in our second to
exposure the was exposure level prices our profit lower to we of Asia. cost XXXX minimize Americas several effect unfavorable in countries In products, place gross hedges, to of fuel of to we the market. our entered an the in foreign reduce for currency million to the hedges in intended first March, have at Similar of we impact by hedges in that quarter different our the are to shipping in volatility market fuel quarter our in the exposure $X the end and $X with that to our fuel these reduce first financial unfavorable the million year. previous currency month of foreign of through compared advantage take extend The
for was expense, in million first expense $X debt lower for compared Interest levels the million of decrease lower quarter in in $X earnings tax jurisdictions. The primarily quarter $XXX,XXX with first to was compared tax net provision certain the income during to was taxable the expense interest $X and taxes quarter the year. the rates. XXXX of the with in due due Income prior income million
Act. and of also the for million back tax Economic enacted The a $X net includes allowed Act, CARES Security operating related Aid, through provision Relief, the benefit first XXXX Coronavirus losses to the quarter recently provision carry
X activities cash first higher of of cash payable period same increase accrued in XXXX, operating was of by partially income. the the $X million operating XXXX. $X attributed by of our The primarily months offset compared used was provided net net operating For in activities and activities million, net accounts net by with provided balances in expenses, to lower cash
increased debt at $XXX XXXX of to from total million the Our quarter at of the the $XXX end end XXXX. of first million
we first $XX of to million expenditures quarter invested same As $XX of XXXX. compared on in spending, capital capital with the it in relates XXXX the period million
announced this our our interim XXXX, per Board $X.XX cash on $X.XX record our $X.XX As of to XXXX, share press shareholders by financial share. interim an on of reducing payable morning dividend cash per results June May Directors in release, from dividend declared of X, XX,
now We call turn review. over Q&A. for financial our concludes This the can
all this of to the Your from question the Consumer from Instructions] Feeney Jonathan those missed [Operator first apologize we minutes gentlemen, and call. few who Edge. line of first comes Ladies
Your line now open. is