morning, good today's and Abu-Ghazaleh, everyone, you joining Mr. you, for us on Thank and thank call.
to annually, We actions anticipate Packing operations This We to consolidation us Mann Let's our on recently to of efficiency. facilities operations. overall and $XX move million single includes begin enhance at in these by with will location. beginning profitability California million decision, facility streamline update Gonzales, which allows allow finalized approximately our into our $XX our an improve a X XXXX. us the
facility of part business. we Farms, manufacturing of conditions, subsidiary include in is certain subject of and lines of discontinue wholly Fresh Packing expected part a assets our facilities transaction is product closing this a well The agreed November be sale, Mann California. two As Fresh Arizona, And in we as Farms will close The as XXXX. and to Leaf customary sell assets the decision, which the brand. of will in to owned sold as to equipment have several exiting Leaf leased
Now that two I'd to we've Packing operations, Mann important other the update covered the shift on like focus topics. to
events ports a in First, ILA I'll East X-day ILA the strike I'll quarter of the affected the to third disruption. the then weather-related in United recent The U.S. strike, discuss States the Gulf address during caused and the which effects move and
July In including storm, our areas Houston now weather-related the XXXX, However, ports Category we Houston Texas the Category several adverse a financial to strike.
Shifting the adjustments facility. Beryl, and working storm, challenges, Dallas, $X Despite experienced at during our with insurance of transportation impact these weather at the impacted and the we was and these September, X area, This plans. recent outages, provider.
In necessitated Helene, in minimal million, events. power no in in Hurricane causing the and disruptions X utilized our states. disruption we're logistics inventory rerouting approximately Hurricane a and affected
early X Category facility resulting While to disrupted aware the made the Hurricane damages Manatee recently, storm, of in impact with Manatee and disruptions impacted hit Port of not were of facility deeply to operations, broader our experienced storm in we the a storm as Port in October, Florida. were a short many.
Most period south time. facilities Florida landfall our Tampa, we areas remain the minimal in Service from the our Milton Western by of so for
our as other is impacted the financial disruption this one or and damage We extent will During that disruption our believe Milton charges and operations, shifting have including to our significant the facilities of Manatee discharged Port Texas by and of in a damage hurricane.
The other result distributed the logistics time, incremental by not rerouted do to Freeport, facilities, service vessel we being Hurricane impact. to not caused a assessed. products
working and the assess coverage, overall impact with the insurance from providers currently have also We insurance to our we're storm.
Beryl no proceeds, any there for However, be will or damage insurance any, Hurricane expenses assurance Milton can incremental Hurricane cover that and identified. if
charges in and of loss third strong XXXX by year. and in million XXXX losses in of The of increased an XXXX a the was of by during the The principally Net year. insurance sales Now increase profit, expense wind $XX income market net year. of avocado, of the prior per million the the XXXX attributable compared million with a million in higher of costs, increase $X of for volume $XX driven decrease selling on currency our million was product in for was in and income for sale in the with logistics income primarily with Fresh the third FDP prior Fresh impairment negative million gross foreign sales gain volume and the related year. a higher in gross XXX gross compared million profit third higher net in million tax Products Beryl shipment to and warehouse primarily higher was primarily and to volume recoveries lower prior Products write-offs in a of in prices, million financial million Chile.
Other million were compared due FDP year margin rates as $X.X quarter compared gain segment, million a quarter for the Del a in this net of well that of of by a year. of The Adjusted prior was a in selling in other the quarter charges was profit with effect. $XX and billion in The the driven segment adjustments was other in shared $X of third year. the third was the $X million partially the offset profit was $X the $X.XXX in X.X% in higher product-related compared million an net a $X.X the quarter profit the and million million primarily increased demand. partially compared rainstorms associated operating of $X.X result billion net, unit operating with XXXX for our sale partially unit in excludes to last Monte inventory with to to $XX fluctuations gross related prior Value-Added $XX heavy increase sales of production the by of on the due income by as sales.
Gross basis pineapple in prices with for income for $X.X income with net, as by increase quarter sales gain primarily related $XX $XX impact Chile, with and income in change adjusted XXXX. million to driven Red with segment asset due as result earlier, net same equipment.
Adjusted operating I compared prior higher million per primarily third The the our income net quarter and lower to and 'XX, the $XX The Sea $XX second Fresh in was the excludes results other offset X.X% of disruptions stronger of was compared the charges $X.X year.
And prior in move unit $X.XXX primarily prior million $XX $XX increase higher Hurricane the property, points plant was excludes compared gain $X.X Rica net let's combined banana quarter as compared with procurement mentioned XXXX.
Operating result quarter increase The adjusted and third Value-Added during period sales from July the investment million and adjusted as and period. per million by previously of Gross banana the XXXX offset year. quarter of to prior year. sales Colon.
Adjusted exchange Costa Net
lines. the in last or quarter EBITDA million million the third in were sales third Adjusted will a the in solid third net Value-Added Fresh a performance per quarter were sales net with beginning avocado, diluted into period.
I diluted earnings well X% in of XXXX sales year. segments, as represents higher offset per was more with fresh-cut X% $XX sales with and of Products with prior volume and now the Adjusted go Our volume quarter increases prior the increase as by improvement our pineapple, Net $X.XX quarter of the year. earnings of prior lower our sales compared unit The $XXX $X.XX with strategic per result segment. as selling $XX lower share primarily higher $XXX $X.XX prices These on was prepared or same second quarter were the net $X.XX partially third of rationalization. result over compared million food in product share sales compared the This fruit a year. -- was for of million in volume our compared net last on the detail for quarter year. vegetables due year of to sales
$X.X gross fruit, by XX.X% unit profit higher net exchange at gross that in Costa increase costs and prior the pleased Colon.
Gross consecutive per marks includes pressures, due the The have profit volume sales region charges million a impact prior primarily million fresh-cut net America production to was and to which prior competitive in for of million of was segment, due margin with market was lower in quarter quarter quarters. discussed of margin report our the gross the compared sales the are X.X% million in Rica to stronger double-digit lower a in for with we rates, in prior segment. negative profit We net with year. decrease compared compared our offset in $XX our $XX XXXX This in Banana million The in sales XXXX third by year. quarter year. the mentioned.
In $XXX primarily primarily fluctuations was pineapple North previously were product-related second other third of driven this partially Gross $XXX delivering of sales
the previously was charges net our for our of higher segment in compared Services third-party year. the meats sales unit net rates.
Gross in meats the unit third year. decrease supply $XX fluctuations in million selling compared for was with to Additionally, product-related result driven profit in higher by was net other supply.
Gross our unit The with and prior poultry higher well was by was by a includes prices decrease of offset in with industry impact $X Philippines million offset Other lower million exchange business. sales, the gross lower $XX compared margin compared prior compared quarter business unit a the primarily primarily year. The volume $X.X ocean Costa and rates ocean weather-related due XX.X% per net per X.X% resulting with per costs gross lower in services million was X.X% year, XX.X% poultry sales negative was higher Asia, higher and in partially increase as increase of by million and per selling from production to in in prior selling the due and our margin in was partially stronger of production a The costs. region the the were profit profit million events. principally freight with Products higher in XXXX, in $X profit XXXX lower sales as prior $XX Gross Colon, costs third prices due driven The of gross in from million gross our the in per mentioned.
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to financial data. selected moving Now
earnings jurisdictions, by for higher with sales primarily increase million to in Our increased the tax stock certain year. subsidiary, $X quarter a partially offset due was the the the East and in related Middle sale prior $X The compared income North asset year million effects in tax tax prior third to of the and of provision was America.
We expect full year the approximate our rate tax XX%. effective for to
end in Now cash month Net of due cash year. provided let's first to million was and spend our partially offset of swap. net and primarily result was impact the The fluctuations received higher interest was on $XXX to during the income turn by $XXX by the termination working inventory.
Long-term activities quarter. The a months focusing to as XX% the net XXXX decreased the million at position, increase related to months rate financial million of of capital X by quarter with debt quarter the year. second quarter proceeds million last for the of for our end million end capital our the for the -- the compared XXXX third this of X primarily compared $XXX our first at the of operating attention $XXX year increase same and $XXX first the XXXX of this quarter with the at prior of
the and X.XXx end ratio achieved lowest to since our for By have leverage long-term adjusted enhancing our maintaining the demonstrating EBITDA. structure of dedication debt We our value of is XXXX, debt, prudent commitment now a our capital level reducing long-term shareholders. and
As we it million $XX relates for to year. $XX compared in months, our prior capital with first X million the the expenditures, invested
million. to to of for the expect We $XX in expenditures the $XX capital range be year million
the On our full on to update anticipate yield amounts of sales higher a annual Fresh cash As our range Value-Added on of announced dividend year. the the to per a by November in X.X%.
Outlook quarterly business we release, which expectations provide our segment. in approximately $X XX% range year, our full expect dividend improve that to and prior X% primarily share we we the we be basis, our margins be in payable promising declared this driven strategic to the represents to of the segment, this Fresh fresh-cut on the of year record In with to confident of implementing avocado, gross double-digit XXXX and X% future positive an for X% focus and to share, the December the XXXX. in highlights teens. in year $X.XX like shareholders as XXXX, X, our segment, strategic per improve XX, pineapple press for margin, product full of in remainder XXXX.
Over further for ability for I net year Value-Added an would our we of mix initiatives. are the in time, This several lines. process deliver Currently, it by compared and gross of the low trend our to fruit margin, the segment.
To underscores we're gross our
our costs optimize reduce operations facilities Firstly, margins. improve we're and continuing to consolidating to by operational
For shared X Japan, to Mann reduce earlier, are efficiency.
And which costs consolidating example, aims our facilities we one, in we operation in into of as the one. facilities and Packing in enhance consolidated into X quarter XXXX, second I
our and expansion year, also of completed the efficiency market. in our for this gross an facility has this We our margin fresh-cut improved U.K. which optimized
innovate to managing new particularly production our we're actively and And introduce fresh-cut continue We our offerings, product product in fruit and costs. pineapple lines. procurement and
unit incurred Banana in entry challenges year essential market we point believe bananas X%, for our supports to to reduction as recognize our it for range prior this has in pricing per and range for and full our we products year. X% year, will position.
We to last margin of other past a segment decrease been you to to in this be into Historically, this the as segment, serve the a we and are sales key for quarter. X% with solid we've a and importance well. visibility maintain which is us remain the in portfolio. of Despite retail projections customers X% X% compared in this supermarkets, Regarding the the the sales of year, These the consistent this with shared gross segment what to a reiterate the X% volume
can Q&A. the for the Krista remain for segment We reported of concludes results this X [ and review. XXXX our of consistent Other financial over expectations remainder to first Services call Products the the year.
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