everyone to Thanks Alok again. good morning and
slide quarter first the review efforts on will with financial our I Before of a start results, X. summary cost reduction I
future, We P&L to cost are announce $XX savings with total company planned years of fewer very realized completion our fixed in bringing the to well plan. positioned focus component working of than focus and $X more structure, past transformation cost executed the our first for net million. of the manufacturing This on cost pleased a locations, reduction over relentless lower our million has We quarter, actions the savings and the capital. three the
rationalization, reduced of levels In our past years. resulting addition, total capital from historic the savings million $XX cash million in three $X we by over through requirements facility annual
forward, annual $XX delivering with goal aluminum are $XX Going Ongoing requirements between capital our continue the manufacturing, including expect X% be million productivity. of on annually. to million cost we focus to to around manufacturing expected automation projects,
let's by end Now, performance first review on market sales the quarter with a X. financial our at look slide results
automotive the As market sales be by a and First the a which and can Defense, in Industrial. hydrogen recovery for General classified quarter, quarter grew alternative natural relief healthcare significant saw X% response compressed last user increased sales. products gas demand reminder, Sales transportation XX.X% our sales into in key for quarter first versus and we markets. In Transportation, strong first three end defense, the increased Response aerospace combination fuel, of by disaster Healthcare, driven for demand a end same year, products. military in ++is and and the a and first
food also year, recovery, of current in prior auto overall XX.X% to of last the market filtration. timing versus service. end products applications, products aerospace impacted also as the products general catalysts orders in of to products wider the driven experienced Outside to industry orders same QX stocking in We returned packaging single Sales and by of COVID certain be year. was quarter industrial of new year declined Relative our the quarter. and these growth gas impact the largest particulate adoption such industrial the continued period the XXXX. Sales growth by in in in
in and In of negatively addition, impacted by industrial disruptions. supply products shipments XXXX were transportation QX
order industrial recovery improved continued coming about the remain quarter, first optimistic Given during over rate the we the the quarters.
turn P&L XX quarter summary of a Now to first please slide our for results.
in versus quarter EBITDA the markets made for end savings the volume of progress the than in contribution previously delivered by the net in end was due fuel COVID $X.X the strong alternative volume offset great price and first XX% we the year. to communicated key declines. Overall, to more transformation plan. year, the and sales SCI was acquisition quarter adds impact company its $XX.X expanded transportation million $X the sales market decline, in X.X% of prior delivered million driven Consolidated quarter general X.X% prior within within the sales. than industrial with Growth of The as Despite by favorable quarter sales $XX.X adjusted the million we FX cost million improved quarter cash. by trends, market. declined offset profitability more First in
the digit to double declined decline, growth. product X% Despite Cylinders on net million negatively million products, Elektron EBITDA COVID XX. to the COVID lower cost around Now sales sales XX% X.X% with increased from alternative offset impact than slide industrial magnesium was due sales decrease X.X% in posted $XX the on Gas sales decline and let's segment decline, industrial $XX.X look of cost the volume to due at realization million savings to as impact $X results the prior primarily year. The higher segment savings products. strong Despite volume. sales while of the the year quarter. EBITDA the fuel continued was prior
We Now XX. key a quarter cash flow let's our ended and balance balance slide the metrics sheet. first review on sheet stronger with
position XXXX. million point EBITDA to net $XX.X of Our debt lowest improved leading X.Xx, net to ratio since debt our to a levels
capital million XX.X% $XX.X our generation. is free contributor working finished and significant $XX.X was of XX.X% sales, operating a quarter First year's prior which flow a improvement or million key level cash over at to
an targeted to of XX% forward, range capital sales. we've Going XX% operating working
ample SCI our excellent acquisition. approach With we capital our identifying potential further of compelling value. profitable This through slide position, demonstrates allocation our basis, liquidity shareholder are adjusted This generating our flow like On organic growth. identifying going take solid strong XX.X% to positioned drive benefits on ROIC cash strong cash the recent we capital flow. to portfolio, free includes to our financial earnings, cash delivered drive allocation additional steps trailing And amount options we strategically for evaluating well remained to have filters to review free Alok using conversion business inorganic our acquisition XX. and from from and the I'd disciplined candidates. strategic priorities balance and forward. our a reviewed significant XX-month and sheet
capital create As internal to allocation of is which includes and our priority new through product first execution, funding a reminder, innovation talent value development.
expect we restructuring to to For funds transformation cash million outlay, SCI $XX remaining which plan plus the includes in for integration. of year, the million the $XX spend cash, remainder
of to million We million COVID. XXXX, an negatively expenditures expect $X $XX by $XX in million from spend to is that for was which approximately increase spent capital impacted our XXXX
And Next, strategic we shareholders to open supplement remain return organic will cash to acquisitions via our dividends. finally, growth. to we
first the in to in dividend the not shares million of the buyback $X.X a shares $XX out but over maintaining since million intend As we XXXX, repurchase current We including quarter, and year. in paid our remainder first reminder, are dividends quarter have program. this did we
on like Now XX. I'd review slide our XXXX guidance to updated
in guidance be now year Our per impact expect share $X.XX announced approximately year. we now acquisition, to XXXX recent $X.XX. Most earnings for guidance to to this revised $X.XX $X.XX February be was the to includes our $X.XX of the estimate first SCI diluted. importantly, We which
execute $X As to Alok plans will acquisition of million to we XXXX. and synergy our become in accretive earlier, mentioned $X expect million the
We XXXX approximately to revenues a XX% $XX X% to of expect between of favorable X% This $XX revenues benefit, million includes currency full and million. year to grow to range XX%. acquisition
by military grow filtration, sales. in double digits, We SCI driven the acquisition. such products expect the mid hydrogen, in single new by on expected and fuel strong alternative part digits are gas to defense, products, products and first to as particulate MRE Transportation including based response and grow healthcare
expect industrial single in products to recovery. for grow the year to digits We mid due the ongoing full
We execution this initiatives our ability navigate will free recovery be to the positioned flow and cash growth. restructuring. in year on the well continue full excluding confident to conversion capture successfully year cash remain our targeting We for XXX% through management
to Now I'll back Alok a turn over the up. wrap call for
