on today's us Thank for you, Mohammad, call. and joining you thank
or in of Let's our and quarter first lower with quarter and exchange in volumes of $X -- 'XX were in and The 'XX unit first million prior Asia, first XXXX fluctuations slightly prices compared was about results. by sales financial talk the combined with for avocados decrease X% of our to the rates, value-added Net segment. primarily due selling negative the lower net per lower products in fresh Europe year. sales
selling volume. by the higher most decrease banana and sales However, across most of was prices higher offset per products other unit
quarter higher mentioned, the prior approximately Mohammad strong profit by million quarter. of we As first was $X year. Gross compared for had with a the 'XX
categories. gross inflation. prices increase costs The offsetting higher selling primarily were profit well due in most as the production higher product Partially unit costs continued per procurement as higher ocean across profits in gross to increase the freight relates to and
the for adjusted operating profit due gross X.X% increase $XX prior gross $XX margin XXXX income year. million income million million was Adjusted prior with with $XX in of Adjusted the the in in compared The million compared was compared profit. first in with higher $XX prior operating was year. to Adjusted year. gross quarter primarily the was X.X%
net year. FDP the million $XX $XX Adjusted with income compared in prior million was
$X.XX sale 'XX per of diluted diluted remained assets. as related to the same share the $X.XX. first with Our GAAP difference the between year of $X.XX, The prior was in adjusted diluted on was share per gain share compared $X.XX underutilized earnings quarter primarily per earnings during and at earnings the Adjusted prior the year.
and first million the year. of in EBITDA the compared margin $XX XXXX X.X% X.X% the period, Adjusted year was in for was $XX million prior with EBITDA corresponding with prior adjusted quarter compared
to total to the market per and lower selling turn vegetables. unit prepared results due $XXX year prior the to with of the to segment million by compared decreased value-added now fresh-cut the with $XX approximately when decrease sales to for decrease The vegetables, due for volatility, of quarter relates the million prices our foods beginning was avocados Net of lower Most segment. primarily period. fresh XXXX sales and volume Let's product first in volume combined to a segment. sales
proactive to improve and sales primarily result fresh-cut lower profitability. volume of we took vegetables The for a steps vegetables was
conditions compared year. prior We persist we expect to pricing on focus as profitability the continue continue to and to to volatility experience avocado these as
-- in decrease the primarily volume. per offset $XX million value-added across the categories year. segment most sales quarter of gross fresh pineapple prior sales million for prices offset other was product by product profit The was and unit higher with Adjusted compared for and was higher first partially the 'XX $XX in
for Despite lower cost such costs. impacted segment net be prices as sales, pressures categories. higher and by packaging, by higher The freight of to per raw sale gross also negatively fertilizers profit positively impacted ocean was unit continued most materials
primarily of the two distribution million the products in to sale and the gross due to compared profit the fresh a Gross for write-off this value-added $X.X year. East. for with centers Adjusted in prior segment increased Middle X.X% X.X% segment includes inventory margin
to Moving quarter prior in year. first primarily America The was banana volume related sales and in higher Europe. the prices Net increase increased for segment. of XXXX $XX by higher sales with and selling compared North sales per regions our net million most unit to X% the or in
of bananas $XX $XX profit in first sales Banana Net for were million by impacted compared was in negatively gross primarily of prior in quarter with the fluctuations exchange adjusted year. Asia. Europe the 'XX segment and million rates,
as offset with and gross adjusted for partially gross in profit by compared higher in material freight costs procurement driven XX.X%, year. such sales higher margin production higher prior increased Adjusted increase ocean was by the net as to packaging and The as costs. primarily segment X.X% well labor the
profit million sales our result services. a third-party of decreased net million Other freight Other Lastly, & due $X ocean Services $X our as for increased higher segment in higher gross Adjusted mainly Products to by & X% or segment Products costs. Services of net sales by
moving increase by million with higher employee selected higher and was administrative promotional primarily driven prior Selling, Now expenses. higher compensation was $XX costs, expenses The data. compared in fees general million the year. to professional financial and and advertising $XX
the $X Other $X in period. interest Net from $X relates The million higher the of foreign compared expense the year to losses interest XXXX million million net was balance first foreign $X the $X in losses jurisdictions. 'XX, unrealized expense year, represented currency compared primarily in losses our by prior with certain with higher position foreign increase quarter quarter in currency-related sheet the million rates. prior first driven of for of was million
was with The compared due higher million increase jurisdictions. tax $X income primarily the in and year provision Income period. tax prior tax million was in $XX to certain provision increased earnings
the now inventory. was to our related and for materials activities cash cash working move flow. million $XX period. cash due and in to capital year increase provided supplies used Let's mainly The 'XX, net of prior by raw operating activities receivable accounts of packaging levels $XXX,XXX reductions to Net first of with quarter in operating was compared the
with of same year. at $XXX $XXX to of million Long-term quarter decreased debt end $XX of compared at the quarter end first by XXXX the the the last million million
we $XX spending, As $XX it capital first with quarter the year period. million invested in the prior million of relates in XXXX to compared
As this dividend per increase in shareholders dividend to is morning Directors record our share, May quarterly press from $X.XX our financial our previous XX, XXXX. release, cash Board X, $X.XX of XXXX, results a on of This payable of declared June of share. announced per quarterly on an
review. over financial We our Christie? to now turn call the can concludes This Q&A.
