Thank and today's call. us joining Mohammad, thank on you, you for
in XXXX or the first period. Let's by for fourth driven lower Asia. compared our price increase million sales was quarter The approximately the impact results. of increased volume sales Net year with primarily fluctuations offset fourth increases, inflation in net X% turn and by per in to $XX financial negative the unit quarter exchange partially XXXX by Europe and rates, sales prior of justified
the The negative compared $XX million hedges. million in by with prior period. impact XXXX of year of profit partially Gross for fourth currency quarter rates the exchange was our mitigated was $XX foreign
ocean result inflationary The helped including which across in all materials, a higher per in distribution resulted offset cost labor The prices production increase pressures, was fuel. increase packaging segments. of and prices some unit per unit selling inland of freight, costs selling fertilizers, higher the and and continuing
increase in compared quarter offset partially period. the due primarily million operating by higher XXXX a the Adjusted gross year operating adjusted of fourth for $X was with profit, of income million SG&A. The in to prior $XX was higher loss income
was income FDP loss quarter prior XXXX for $X the million of compared fourth net Adjusted million in a of with the $XX year.
with was the year. fourth in the per Our prior quarter diluted $X.XX XXXX earnings compared share of of a loss $X.XX for
a fourth million to per with primarily earnings share or The charge diluted year. was the between Philippines was and $X.XX GAAP the asset at Banana per XXXX diluted adjusted of flooding prior compared difference in earnings impairment operations. $X.X $X.XX share loss related of $X.XX per during Adjusted share our in quarter
compared increased X.X% EBITDA X.X% from million XXXX $XX prior with the for in EBITDA $XX in and year. adjusted the year, Adjusted prior was million to margin of the fourth corresponding quarter
Let of of when driven as $XX quarter 'XX for me avocados net prepared prices food the of lower pineapple by non-tropical offset sales segment. our of was compared to net a or of by of and year, selling sales with prices, due sales beginning X% value-added now The with partially Net also non-tropical products primarily prior the the lower selling volume. higher lower net primarily fresh result lower to fruit sales and decreased industrial selling canned and prices segment products lower fourth by results, turn and and by driven decrease volumes. food products sales million higher
and in fresh margin impacted freight, and products increased prices million gross profit $XX production increase increase product primarily per higher segment unit offset gross which the categories. The profit materials, per to For costs. million compared selling and from of was was Gross value-added was by in and partially ocean $XX by adjusted of margin unit negatively The the the X.X% higher quarter, year. with higher mix in cost fertilizers distribution prior packaging driven X.X%.
partially primarily sales Moving sales our North or in to with The compared and Banana quarter by year net fourth net prior the the X% of America. increase from per by period, Europe driven increased segment, was volume response to predominantly higher in million the $XX increase increases for justified XXXX Asia. offset inflation sourcing result from conditions. price rates excess resulting prices market Europe The in selling of absence by was in exchange and a as of unit fluctuations and strategic our
partially million profit by and higher ocean primarily the fertilizer quarter costs higher by XXXX gross $X the $XX driven of margin in from distribution prior including offset period. fourth freight. Adjusted period, million sales, net to the for was of compared in materials, cost Gross year packaging increased X.X% inland with prior X.X% year and
third-party other and million of services or the segment Lastly, for sales due ocean freight compared services. to prior our higher for year, the XX% increased $XX products net sales fourth net mainly with quarter XXXX, by of
to has by these rates. of market vessels fleet and which million profit a shipping rates as $X increased volume from services, Our benefited of elevated due to shipping and expand higher Adjusted gross us demand result conditions. enabled
higher administrative $XX and moving compared expenses. was expenses general data. prior with million selected by $XX Now year The financial in million driven promotional to and the was period. increase administrative Selling,
approximately to higher in of benefit average expense higher $X balances. rates primarily have effect Income $X million was the a $X by allowance related the compared to reversal a fourth expense and in million debt XXXX. year, the Net interest of prior of quarter was tax during with million quarter valuation 'XX higher in interest the due
year to our full turning results. 'XX Now fiscal
in negative or Europe net by partially which driven was volume unit and year year 'XX, offset $XXX in the fiscal impact justified The period. For fluctuations sales rates, increased X% was compared sales exchange primarily increases, the price prior per million the of with and lower inflation Asia. by increase full
impact primarily hedges. rates prices fiscal negative compared ocean by currency fluctuations along third-party products XXXX. freight sales in million our the in services, higher a other higher the per profit gross profit driven Gross higher services with segments sales The net of partially million, segments. and our unit of gross in result year of full $XXX for of with mitigated across by as The increase impact was 'XX favorable all $XXX was exchange profit in was foreign
lower gross prior income 'XX with by and million primarily increase operating compared the in The 'XX for was expenses. year For income period. FDP the adjusted $XX net general the was year higher compared million full million in million fiscal was year. prior $XXX $XXX driven with Adjusted administrative and selling, $XX profit
year. was $X.XX prior earnings while the diluted per share adjusted compared $X.XX in with prior 'XX $X.XX adjusted diluted from increased period. A million share the in XX% was with compared million with earnings prior 'XX year, in corresponding EBITDA in for prior X.X% year-over-year In year per year, compared $X.XX improvement. X.X% the the to Adjusted margin EBITDA $XXX $XXX was a
data on selected Moving fiscal financial full year for the to 'XX.
from with and million increase inventory we cash operating compared materials secure largely during activities packaging in year, by impacted the to Net flow increase availability. inflationary strategic costs raw increases provided an operating order in $XX in cash levels the in XXXX. activities, and due was to a supplies in year, by generated of For and current cost million $XXX key
On Additionally, our net increased by 'XX debt 'XX. receivable end trailing times by of at end the impacted EBITDA. net higher of basis, sales $XX at levels higher to result a X.XX provided of million accounts adjusted $XXX a leverage ratio the at million activities. XX-month million of $XXX operating as stands from Long-term cash
capital ships. and across million $XX of the in million facilities 'XX. $XX production enhancements Capital our $XX expenditures on improvements expenditures, and pineapple our two this spend compared the in we Central included banana payments of refrigerated year The on in efficiency from last XXXX delivery with to operations. invested The operations has and our our to container year America focused improve million in final
this we financial release, announced XXXX dividend share payable of $X.XX on record of in morning results March a As XXXX. per shareholders press on March quarterly XX, declared to X,
'XX, For dividends the four per full $X.XX cash quarterly totaling share. year we fiscal declared
financial We the Regina? our can This now concludes review. Q&A. call turn to
