Thank you, morning, Mohammad, and everyone. good
in due press we well have global Guatemala of with pleased of pandemic the quarter performed are fourth supply against we XXXX. had backdrop first seen the the persistent release and to impact our X we strong in you and may As a from how fruit on this the quarter, morning, COVID-XX hurricanes
rising first pressures We during also quarter. inflationary with dealt the
primarily compared in The XX% partially adjusted $X.XX value-added million our prior net period, food our increased business our to Adjusted profitability procurement We gross Now segment, increased segments. Net the with and $XX increased with and by and fresh first decrease production, year attributable with X% prior billion XX% gross in our in by to $XXX X% net distribution and sales business million, lower costs. exchange decreased year the offset profit higher let's value-added profit benefited compared to banana sales period. to results. sales margin favorable or XXXX review rates of from and million. quarter was $XX.X fresh benefiting
compared would in profit. I the COVID-XX this like and for we $XX net would impacted point per the an a margin $XX share diluted the period, compared to However, $X.X to income X.X% net prior products the gross adjusted the delivered out profit period. you to million Adjusted in year earnings fresh of share adjusted earnings of estimate gross income diluted period. have operating if compared driven And we XXX% increased segment, increased million year to with adjusted sales of $X.XX that per prior in gross of $XX prior million year additional profit. the million XXX% with mostly value-added by achieved segment increased apply by We to $X.XX
compared $X.XX when per Excluding diluted XX%, XXX we year the per nonrecurring earnings the with Adjusted adjusted increased in nonoperational compared of $X.XX with adjusted and period. year EBITDA earnings diluted increased points of share basis and items, prior prior margin adjusted share EBITDA delivered period.
turn Let product results, and beginning segment our with segment. fresh value-added to me now
an was regions by net impacted volumes a product Guatemala. For sales were in vegetable in the avocado primary in lines, COVID-XX higher to of increase the to line $XX sales of of result first impact net X% food industry, volume, unit our increase in sales fresh-cut melons January sales our that price in prepared products quarter sales due an the The an per of per in volume offset compared of with prices. lower and hurricanes The prior decreased variance drivers unit sales and increase as February pineapple in the which XXXX, year our of lower in or and million vegetable net period. the most
For profit and X% and points. quarter, margin segment adjusted basis our fresh $XX the profit million, adjusted product gross XXX to increased value-added in gross increased
prices we lines: fruit, following avocados melon, in actions from prepared to our Fresh-cut recovered back unit During offset the and XXXX margins teens. from profit digits. products and fruit Prepared operations sale digits. in food the high to hurricanes. higher margins Rationalization quarter during damage our food double double gross helped primarily melon the doubled operations, the achieved achieved benefit Avocado our took the fresh-cut margin the domestic quarter, per product products. to the optimize and we in began the
lines. Gross million our some We farms a primarily write-off. inventory a line during caused volume rates volume XX%. result product the in product in expansion in following avocado non-tropical damage Chile, which in also pursued quarter decreased the as of rainstorms XX%, increased volume our $X.X and to of increased in profit severe by resulted Pineapple
was decreased in by Guatemala volume higher service adjusted goods the decreased in in lower offset Pricing quarter, due inflationary East, increase Iota and food Overall primarily by hurricanes of cost as net while pressure and X%. a and channels, million well costs Packing increased $XXX as business million Eta result procurement volume impacted by increased partially costs. America impact sales X%, in as production million or banana Middle Our driven segment North during the per strong mainly to distribution product volume, sales of which demand of sales Asia. lower sold. in the gross offset sales decreased profit to our $X Mann unit $XX Net our drove which XX% an on in
decreased $XX general to Selling, million year year selected financial decrease in compared initiatives the jurisdictions. $XX with The in in and $XXX,XXX marketing at primarily The expense quarter $XX.X net is The earnings compared to gross first increase with in period. $X due the profit income in income region to in expenses tax certain $XX due moving the for during selling due provision million tax million foreign an million prior currency the in prior with was to of of was to million compared administrative for with our was North Now quarter at in of was that line period. the -- primarily the $X America million cost-saving The income lower million the impact $XX taxes was effect data. the provision and resulted increase the period. million in Interest and prior for $X provision prior costs. year for reduced first increased unfavorable period. quarter sorry, promotional by the expenses level favorable year the
we prior year efforts generated the in million cash The higher was During the balances period. and with due associated $XX the our million from quarter, flow optimization attributable in to $X to to operating payable working of primarily accrued compared income principally increase and activities expenses, capital. accounts net higher
in it we million spending, year relates invested the the first compared to As $XX period. prior $XX capital with in million quarter
in facilities received during mainly related North one to of ships, Asia. and our were and quarter new improvements investments refrigerated and first to expansion the was Our America container which
balance in which approximately quarter, connection primarily of vessel. the of sale million of refrigerated received of sales cash first the during program We XXXX our achieve in related quarter long-term proceeds million with total million the As a EBITDA asset on our the the under a ratio we believe million, XXXX. end to of in on at we are our adjusted trailing million. program debt quarter paid XXXX. XX resulting $XXX $X a debt of stands by of months, by on debt to a track the first based to And total $XXX of the asset $XX.X received gain The We optimization down gain X.Xx. was $XX
financial results financial release, our shareholders call cash our XXXX. of XX, per over As on dividend to May on XXXX, announced morning Board concludes turn June XX, our declared quarterly press $X.XX can a record for the payable this Q&A. share now in Directors of This We review. of
