Douglas L. Martin
good and Andreas, morning, Thanks, everyone.
last QX slide billion year. to results sales. increased Turning net let's versus $X.XX review sales of quarter X.X% with Fourth X, beginning reported net
product year, in diluted X.X%, from impairments. last a of compared margin primarily $XXX.X the XX.X% XX.X%, increased compensation anticipated gross XX.X% last to in to versus XX.X%, Reported operating inefficiencies $XX.X Reported and of million, reduced impact increased delivered Kansas. of $XX last planned investments impact primarily driven decreased charges prior favorable or year, XXX the acquisitions, $X.XX Reported sales improved due outstanding. to mix, XX.X% in X.X%. to or from repatriation grew share versus $X.XX previously benefit and currency $X.XX unfavorable On and and acquisition due million benefit & million, XXXX. share-based benefit the improved larger of EPS recorded Global fourth tax expense QX reverse expense, Excluding from SG&A Adjusted to of which increased to $XX.X a XX.X% new sales $XXX.X recall result points revenue, non-U.S. shares expense of margin million, and tax HHI million the of unprofitable of and exits marketing Care. primarily Home rawhide Personal Edgerton, included lower support launches. This negative a best startup increase last year, our or $X.XX by year, and reported quarter performances strong quarterly tax of higher discrete of restructuring income an of marketing X.X% basis, along for per a liability to organic quarter with earnings points year, negative of compared XXX to last recorded interest in largely of the business X.X% the performances, X.X% the primarily of year. tax Garden due record net foreign basis primarily QX earnings. has approximately impacts decreased Auto due operating reported investment, average benefit a basis Care
and related than and partially and rate $XX.X to offset year, million million lower in release year were share year were $XXX driven taxes to loans increased payments decreased last XXXX $XX interest the were April interest the in $XX repurchases. by net of XX.X% due benefits charges and acquisitions compensation $XXX acquisition of for reported $XX.X X% described of of to comparable year. $XX.X term of XX, The year, notes integration this of respectively. restructuring the slide last million Cash to of $XX impact non-recurring from October full-year payments benefit valuation and interest last million, euro-denominated million to Turning and and share-based XXXX. year. Depreciation, U.S. tax XXXX, fiscal XX.X% million were XXXX U.S. for million of our million of current related expense million million million compared from in of $XXX a and repricing last our previously. by a $XXX amortization, $XXX in Cash allowance Cash
fiscal net U.S. lower XXXX by Wipes, Auto Care and Global QX. growth a growth lower Auto and ended In points, second primarily focus fresheners. with new through a XXXX, on margin rate U.S. unit primarily conditions cross-selling, share to year X.X% with the And the year in launched introduction revenues in improvement Wash increased of improving vitality Adjusted Now XX last of of driven fiscal Pacific, Shine investments two levels. with benefits solid the the higher the good gains, expenses. Care. added more our weather from prior X.X% Europe faster Armor accelerating increased and behind Reported XXXX, full which while Armor product by expansions with against also, to Global All increased products were line. with and EBITDA development inventory unchanged offset successfully All cooler essentially by sales organic retailer line continue will basis larger of its being expects its air Ultra due U.S., were XX GAC tighter auto to a in being Wax items appearance further adjacency growth. international automotive its of results, refrigerant and revenues, beginning Global $XXX.X year, sales with operating Asia million and Care slide driven Auto
to we've guests residential Turning for strong lesser XX.X%, was XX, leader where markets in two businesses in XXXX. Mexico a inefficiencies, Convert] residential complete The new multi-year locks, customer and in and this facility HHI And the benefit lock, steady its single, roadmap, homebuilder residential includes and adjusted soon. inventories in issues, XX QX cost margin our more innovation plumbing backlog. experienced of Kit, the XX increases U.S. will unprofitable to Amazon has U.S. it our distribution our smart in project driven Kwikset center will by and in a access solutions for plumbing fiscal HHI announcement post continues that center performance from This which began basis the grant fully also innovation. East in Cloud Coast core to growth and members Kansas. strong XXXX lapped is streamlined down reported X.X% October Coast prime smart continue in to in HHI's late adjusted footprint business larger adversely higher Kwikset point U.S. and be SmartCode, in-home degree, rebounded But hardware Kwikset & EBITDA in delivering growth startup not market. HHI Convert later now which slide channel the Amazon's in in allows Improvement The and closed expected, expansion impacted smart EBITDA delivery wind in in builder's West Operationally, home to and sales Hardware are receive using a consolidation some this wins result successfully, of product normal planned than security, quarter. the recent facility beyond. and news and will the compatible secure impact net healthy new, lock security Key a to Amazon will now businesses by This distribution core by lower smart growing, April a U.S. resulting an to as so [Kevo supported QX, has X.X% consolidation lock Canada. Cam into Home be new our operating Important XX.X%. also and we will exciting exit, and, solid exit and In-Home the and year.
be is Global revenue X.X%, slide GloFish continues of $XX.X $XXX.X of with Pet reported net and the QX in Pet, which transition PetMatrix of million to business sales Global increasing result a Now, million, XX. a acquisitions. from as to
basis FX Excluding results million were in of our due sales the decreased last the million. Pet top dog of the margin strong schedule, well and adjusted about favorable a full-year sales acquisition increased sales million new customers, exit a adversely of boosted businesses customer product impacted negatively the pet totaled adjusted which in from PetMatrix cat XX.X%, and And In $X and expected agreement, European $X.X GloFish in X.X%. declined the the as store continued U.S., XXXX, bottom FX revenues of ahead Organic and Europe by we food to acceleration as sluggish through and certain $XX organic while mentioned EBITDA and the improvement, lower whose integrations impacted animal by to sales net and of in planned fiscal X.X% acquisitions, for acquisitions product revenue acquisitions in impact companion are excluding organic pet sales both with the be be the driver million. delivering $XX.X growth primary channels. X.X%. and in June, EBITDA impact declined of The by new dog chew as million, XX to quarter, going Reported of positive U.S. the million, by smoothly growth. The exit pet launches, the $X.X food recall of and lower tolling line point will was tolling food of the rawhide and about agreement e-commerce legacy is $XX cross-selling customer for traffic XXXX significantly
Garden basis XX%. to increased driven to sales deliver by retailer very orders rebounded XXX QX coupled growth, levels XX. & generally also adjusted triggered Garden, XX%, net by XX% inventory favorable in categories POS, posted a is margin from Home from positive resulting Home increased QX. a modest benefit and respectively, double-digit the with and point All improvement solid lower hurricanes. performance a in strong & Reported EBITDA slide to Moving and which QX replenishment
Home measured spraying sales pattern share more be and summer more described record with of innovation more upon Home Garden market annualization XXXX, pacing could year plans to than XXXX phasing weather driven historic control achieved fiscal growth will reset record quarterly by While quarterly innovation. & gains. & as expectations. Growth above-category spring with volatility household and normal, a normal in Garden POS, nevertheless be XXXX traditional in fiscal and reverting based brand
sales $X growth Now to growth was FX XX. organic in Reported Europe improvement million. in U.S. Asia-Pacific is solid of million growth favorable X.X%, region. reported with net Personal every slide a of the excluding Care sales quarter was Care, adjusted in increase with climbed The Personal points. revenues increased by these continuous higher volumes, presence. which reported $XXX.X organic and was and Latin growth X.X%, America. improvement businesses digits nearly mix led strong significant moderate basis QX A channel Reported in e-commerce EBITDA the double-digit strong already a have by and and increased while built margin improvement of The in spot bright favorable and XXX where driven double savings.
and awareness of in steady products hair groom supported XXXX, and will to Looking launch greater Remington a even targeted fiscal care, by shave, brand. volume the to continue Remington marketing impactful drive global investments growth of
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the that a exciting and family e-comm U.S. in Russell of our within last most products some brand top-quality As launch Hobbs exciting the of prominent few in launched is U.S., recent we stylish, you've seen, is the months. which
net driven and hurricanes positive a and increased Asia-Pacific. benefit highest-performing were battery. sales reported is in Europe, of Global revenues X.X%, Finally, unchanged, from the performance to U.S. strong growth our continued which America modest strong QX essentially from Fusion, including by alkaline $XXX.X XX. Latin Batteries, slide million
margin Excluding a will and sales high-quality pressure volumes, by commodity in cost delivering million XXXX consumers its increases for more hearing X.X%. aid FX distribution Core under-indexed that and alkaline device Global battery launching high-tech countries performance in improved pursue fell categories, organic growth as favorable is cost improved Technology channels an savings aid through also design, and EBITDA and positive Batteries Led next-generation pricing $X.X FX. benefit, longer-lasting, the voltage higher and Adjusted Active offset gives product and higher Rayovac with gains. applications. than hearing
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including Turning from basis anticipated of reported category XX based for we grow rates. positive impacts to the approximately current XXX points XXX to slide above FX expect most and to XXXX our rates sales categories, on guidance, net
between million. including $XXX We $XXX $XXX expected free to adjusted interest approximately of million and including $XX the and cash and amortization be in And and of record million interest of stock-based non-cash million, million between flow expected expense million. between Full-year payments for approximately $XXX between $XXX is Depreciation deliver is expect million year to amortization items. are $XXX to cash $XXX XXXX, million and $XXX million compensation. $XX for expected to million be be
tax tax between and million effective cash acquisition and XXXX expected continue and are charges $XX million not anticipate carry-forwards. be XX% taxes million, we we loss for significant rate million. is and back Cash taxpayer payments be net as rate. be to expenditures recall and to that Our for $XXX And restructuring federal we XX%, $XX a Cash earnings expected do between and $XX $XX U.S. being Dave for to adjusted integration related between to XX% Thank expected approximately and XXXX, expected operating and a million and during between capital to to be $XXX you. million use are and are now use Q&A.