you, Thank Jack.
interest flat fourth quarter by our growth profit quarter a ended quarter Products. offset expense. Let and the a versus X X% XX% general consolidated administrative Health Performance a same same by income year than was consolidated me increase diluted fourth per sales the and start earnings lower Animal net GAAP-based increased year favorable in Nutrition, for gross $XXX due ago. and selling, versus Mineral and in a Despite tax and less movements, primarily were both million, lower minerals higher decline partially the decline XX, sales, by The for expenses offset prior income year, lower driven trace currency reflective XXXX, demand basis, by ago. with driven financial quarter June share net On of performance to versus and
respectively, After quarter Animal Adjusted earnings adjusted a up lower movements and X%, by SG&A acquisition-related Products. Performance driven of one-offs, gross growth by per provision, of decreases our million and offset declines and offset and higher net GAAP diluted and in results EBITDA driven in million income fourth $XX.X share expense. X%, profit Health, adjusted lower adjusting by interest were increase for in by adjustments, tax currency or $X.X reflects foreign both Nutrition Mineral an partially partially
consolidated costs, year, over now or X%, Net sales financial prior performance for Nutrition expenses income by tax year. employee-related by driven costs, selling, in and looking year, of increase movements and Slide Products. million Mineral Performance strategic improved $XX.X by by full year our currency core again growth income versus Animal on share interest in expense, metrics, gross reduction diluted were reflecting investments, declines higher and Health, earnings remediation year an strong the X, expense. primarily $XXX and million, and On profit higher administrative at full net the GAAP-based financial the the full same segment per environmental offset driven partially to offset XX% in declined a higher general a prior basis, our but the for due
acquisition-related and results EBITDA adjusting foreign X%, After driven an for currency gross and increase movements, GAAP by adjusted items one-offs, investments. partially general and strategic improved by offset growth, and in profit selling, administrative expenses sales
higher and earnings selling, Lastly, by income share taxes, adjusted adjusted diluted net profit. and gross expenses, offset declined general interest driven administrative X%, income by partially and per higher
increase the is starting or categories, product performance our and Turning prior financial sales and fourth categories. the to Health with Animal comprised largest nutritional our in product specialties by all MFAs sales other, X% versus increased quarter of of year. was segment $XX.X Animal improvements driven segment net segment, vaccines performance, quarter Health, business net which in same The million
million sales, and driven prior X% in higher globally, or product by XX% in with significant demand $X.X versus average second, demand specialties a vaccine of products; increased launches sales other the MFAs in and used improvement in a improvement ethanol for coupled net driven aids First, fermentation new by processing X% the increase net increased million driven industry; increased and by $X.X quarter, third, sales or selling nutritional Latin the or in America. million $X.X prices the microbial
while million EBITDA $XX.X driving and XX% in driven general or and improved expenses. XXX EBITDA quarter, The Health administrative revenue, points. adjusted million, improvement was a higher terms $X.X In increase prior of profitability, by gross selling, was profit an year over the margin adjusted basis Animal incremental decline of
with million and reflects was year which year, X, up driven prior $XX.X in MFAs, versus growth by the net for for in strong And for with Also aids companion in by product XX% in full demand products, processing nutritional particularly strong Slide by used net specialties, year. animal $XX.X a Rejensa. demand sales to Moving segment, in financial fermentation the a new and globally the coupled American driven driven or by or net X% growth fiscal increased sales, Animal in demand demand The driven increase vaccine Health X% launches America. stronger prior industry. dairy increase or Latin increase versus million in lastly, Health sales the year U.S. million Latin and other million Animal were performance ethanol in MFAs XX% for full $XX.X $XX.X coupled product, our regions, or
profits Health EBITDA $XXX.X while were the stronger and profitability, by adjusted as $XX administrative XX% million, improvement improved was sales Animal points terms or prior gross of expenses. the offset higher general and partially a XX margin basis million adjusted In year, over selling, EBITDA
movement the fourth a $XX.X quarter our performance on financial X. net The by were is offset of driven in Moving sales Slide higher quarter with minerals, the million, by Nutrition, the XX% selling in increase Starting year, prices on million material or average versus prior selling segments other average quarter same decrease decrease to raw for to trace underlying fourth the of for prices. Mineral demand the $XX.X partially a for costs. correlated
XX%, same Nutrition in margin costs, XXX $X.X versus gross the profit administrative decline million a quarter adjusted selling, by point Mineral year a basis or by of and ago. driven was decrease offset $X.X adjusted EBITDA a decline lower X EBITDA resulting partially million, general in
quarter the demand Net reflecting point was Products June to pricing of gross basis products. flat quarter, copper-based and prior same $XXX,XXX stronger for were driven EBITDA an the relatively $XX.X by XXXX, profit. and X segment. the increase reflected decline for adjusted XX for Performance sales Adjusted ended over XX, X% margin EBITDA Moving on months lower an our million or year slightly
the increased initiatives. relating in expenses $XXX,XXX Lastly, driven prior to by corporate X% primarily versus increase of same the year, quarter or an strategic investments
costs. Slide offset reflecting for of prices the higher Now increase full The year, selling decline performance for in the looking were in these average net financial partially by year average prior full selling versus $XXX.X driven year Mineral by X. decrease a prices. sales million, year sales demand EBITDA trace on minerals, for is And XX%, Nutrition, for X.X%, of Mineral X% a volume and segments a at the ago. movement of the the correlated X Nutrition or underlying material costs. decline lower higher million $X.X by versus million, EBITDA a year raw raw was $XX.X was basis of XXX driven adjusted decline to points adjusted margin material
for the year segment, $XX.X driven personal Products selling by ingredients decreased fiscal sales product million, prices. and our Turning average demand -- for Performance by offset to higher results both copper-related product behind year, net full just partially products, care slightly prior were
of due the in to partially higher profit, represented improvement year However, a administrative full $X.X increase general an gross and offset by adjusted expenses. X% for EBITDA million selling,
million or XX% increased costs employee-related driven year. Lastly, increased investments. increase strategic versus prior and expenses by corporate was primarily $X.X The
by On a capital the business. key cash million free basis, metrics attention XX-month trailing was expenditures to Let's generated turn as cash our exceeded flow operating capitalization-related $XX a Slide on flow XX. negative
both improve However, calls, as throughout flow year, $XX really cash growth strong with posting the delivery a quarter. X projected on continue previous of to and operating The fourth of the quarters free consecutive at trailing year-end. free time. by million over months was inventory cash flow of We of million had liquidity minus million the that $XXX driven $XX XX same of period build primarily
includes cash and million unused This $XX credit. of revolving $XXX million of investments short-term available and and
an a the credit loan we limitations the leverage funds credit were leverage secured million in term Upon the XXXX negotiated all to event down pay the increase in The covenant ratio fourth agreement. revolving used the liquidity ratio our quarter, incremental economy accessibility in transaction, as XXXX quarters, our $XX times to of for revolving fiscal defined year providing the subject worsens. to During is executing loan X.XX and facility.
quarters, Consistent or of dividend past the $X.X million. we with also quarterly a share announced several per $X.XX
by loan calculated of leverage Please debt times is use net dividing we was adjusted the to agreement calculate It trailing X.X to on covenant This EBITDA gross $XXX total at existing debt by as XX-month $XXX EBITDA ratio defined for million. June adjusted ratio. compliant and Moving leverage million our used purposes. of net by note, XX. our
fixed interest converted rate agreement, our had portion obligation we $XXX is through expense the swap which of in covered under rate interest essence, XXXX. of to of an our June X.XX% million Lastly, interest floating of total a debt
primarily X The operating trend quarter improved $XX cash of driven of inventory the best perspective the year months, million we direct quarters the same 'XX. million our of negative inventory steps the tightly, $XX both reduction fourth year more financial a of in capital free is by to That XX consecutive working free performance. realized consequence over manage taken reported was period. reflected the of quarter on in we've and build flow, cash $XX of improving million summary, trailing In and flow fourth concludes full fiscal
now let's fiscal attention year the our turn So XXXX. to outlook for
looking year of to growth. highlights, are On Slide another ahead projecting profitable XX, year XXXX fiscal we
financial Animal and billion, sales range by sales line of X% driven are $X.XX the Performance we is to we of year. growth Nutrition reflecting at with in sales range anticipate From Mineral projecting million. in $X growth Products last midpoint perspective, $XXX Health, while a projected Our versus the billion of last year's approximately performance the
From increase adjusted X% $XXX are we in to at This perspective, range the year's investments. growth the approximately EBITDA million the projection an EBITDA strategic range reflecting adjusted health related assumes also million, of animal projecting $XXX midpoint adjusted EBITDA of in a modest million. $XXX versus last of
earnings as the billion full share share is income to of growth; adjusted a basis, EBITDA of X% million Net XX, $XXX to $X or a X% per to ending growth; net XXXX, million of $XX to also a million, of $X.XX on reflecting $X.XX XX%. X% decline; turning Slide follows: reflecting million, million adjusted of financial growth adjusted the calculated midpoint for an of $XX percentage $X.XX, of using So to XX% tax decline; income June growth; $X.XX growth; billion, the with to to $XX earnings representing effective consolidated X% diluted ranges year-over-year $X.XX rate net X% of company's $XXX the guidance year XX. $XX per representing provided and the In sales million, summary, estimates adjusted diluted X% to
with top our bottom and year ahead in line to as fiscal financial performance and fiscal XXXX continued growth Overall, we projecting look delivered are year XXXX. we line in guidance
could Brent, open you that, line questions. please With the for
