more our bit segment discussing start color I’ll XXXX the year a then fiscal few everyone. allocation our Fortress framework results comments provide and onto investment before on I’ll consolidated regarding outlook. with morning a moving capital performance, full before our good and Kevin, Thanks
in higher elevated Hurricane reported are current we sales approximately our Kevin XX% a operations offset and EBITDA earnings unit Ida. as income basis highlighted comparable XXXX, the well line noted. year-over-year both by period, our reflect were or otherwise in as change discussing segments, earlier, consolidated and basis sales operating increased as volumes a unless year on costs third and pricing top due but from we’re for As results increases as continuing to release for declined quarter the and On impacts those revenue adjusted our all fiscal today
volume sales with pricing fiscal segment XXXX, both plant strong and the segments increased to in nutrition achieved the period our nine-month in segment salt comparable company our growth in the XXXX, For $X fiscal line income revenue prior compared versus compared top and period along approximately and respectively. our XXXX uplift, to million period results. consolidated by year Due this EBITDA prior $X million to the adjusted higher were operating both in
compression saw costs as same segment. over both primarily SOP the is we highlighted the salt lower to that for However, inconsistencies prices period the previously, This margins related Ogden our EBITDA and in at unit operating as with our we feedstock production margins compress. associated facility well
for cash to $XX generated This in flow flow free XXXX, approximately of cash from pleased are about report free operations September $XXX cash nine discontinued ended the we includes million We that from flow. million months and operations. our
temporarily increased the guidance, approximately change XX% effective in the $XX.X expected prior increased tax million, compared fiscal tax in to discussed prior our year to XXXX $XX.X expense million our we to fiscal As therefore our rate in and year period.
taxes not expected cash our rate the impact However, period. this to is effective tax XX-month or typical over
sales an our at third XXXX were selling million, of of This X% improvement sales quarter due segment looking in XX% higher XXXX, $XXX.X quarter the Now from XX%. million up $XXX.X was results, total increase to and third approximately salt higher volumes in prices. the average
pandemic. to logistics the in was by the quarter Ida have volume the These of increased Our Cote slightly XXXX, Blanche by at consumer impacted and demand seems quarter effects compared during to third offset Hurricane volumes which were sales typical industrial on as our normalized mine Louisiana. to negatively levels more when gains
the to fiscal of first split This million impact sustaining expect was and and segment not sales third was in While shipments into to mine its customers provider salt waterway delays can’t revenue XXXX. approximately $X.X we perspective, translated but evenly means the our quarter inland to directly our be affected, disruption push de-icing customer not between constraints. cost we chemical also some impacted, lost From barge to margin certain recovered, this of experiencing sales that a to fleet quarter. due negative only
a de-icing when salt to due by were in strong rose approximately year-to-date year X% partially period, prices. year increased X% C&I in the salt increase volumes average a $XXX.X by the primarily highway prior XX% during XX% a from compared lower to weather XXXX, prices. approximately to salt million prices volumes, February to million winter On in de-icing severe salt sales while compared segment period. $XXX.X of highway lower impact prior important the average month segment the that sales our prices mix highway comparable XXXX basis, sales driving drove significant to fiscal For X% offset note It’s
were business. the quarter. year while ton, the for Operating increased in at industrial that $XX.X year-over-year the the EBITDA segment $XXX.XX to selling ton segment $XX.XX of $XX.X third in third compared prior million price for inflation-based million salt per $X.XX For to while quarter, earnings prices million approximately quarter, slightly million in due the and across groups most or quarter X% de-icing prices highway versus product totaled consumer for totaled salt higher per increases $XX.X $XX.X our XXXX to the
EBITDA respectively from mine mostly third quarter as approximately X production Our compared contracted our manage of well to Hurricane the Goderich to XXXX, to due as the points and margins tapering percentage and operating inventories X impact proactive Ida. the
Ida, impact Hurricane were quarter. XX% EBITDA and for margins third the margins were from segment Excluding XX% the salt operating
salt and and average million results. the For $XXX.X XXX XXXX earnings period EBITDA XX% by margins and results, the to respectively lower XXXX, down operating labor segment increases $XXX.X of period XXX basis due C&I operating operating generated were to compared of plants points were EBITDA Fiscal at in margins our some highway basis from rates primarily prices, points shortages. comparable down XXXX fiscal million, XX% of driven selling lower and de-icing, regional prior
markets. XX% nutrition average an by and sales driven selling delayed our by territories and $XXX.X XXXX was quarter weaker of at year XXXX period. quarter application western X% reflects volumes wildfires than Turning in due higher and last the season segment, in versus higher to year-over-year, higher XX% comparable application certain again revenue was pricing price year key impacted other revenue prior to XXXX million. sales $XX.X plant our volumes Fiscal was This third which our a the of increase million, in
strong and were XXXX. SOP to North the compared down see in the million our nutrition pleased third demand continue $X.X are quarter and $X.X million XXXX. earnings We to Plant of quarter we to in continued to see for average Protassium+ improvement to down operating price our approximately $X.X compared EBITDA second X% sales America product, of million was
XX% XXXX. For to XX operating last approximately compression, versus our significant while margin X% third EBITDA compressed the points experienced quarter year year, quarter, also by margins going slightly this to negative from we percentage
For fiscal $X.X versus $XX.X while comparable to down $X.X EBITDA to XXXX, $X.X million was operating XXXX million, earnings million were down the million period.
continue third we the Ogden elevated expected, per-unit feedstock our worked As costs to through the during impacting see production facility. operating as quarter rates at inconsistencies we SOP our
the While are year, optimization start half costs declining XXXX our start feedstock of this management second impacted fiscal expected our and plant the these efforts results the flow elevated proactive fiscal to throughout financial short-term to in as P&L. through
upon Now announcement comments to Kevin’s a like switching of would few the gears, I investment our building in Fortress North regarding minutes strategic spend America. recent
excited are We extremely about this partnership.
ultimately organic meshes market the offer has both a producer. business for of developed. the the one a to company, well is business agreements. Lake Department been entities the importantly, primary Great market chloride already next long use Ogden Fortress and Notably, in brine highway competition. advantaged the with Fire XX% Protection, the of between in these Service, products business both it American North served the ours U.S. a consumers. five-year are approximately has A from multi-year anticipate leveraging de-icing Management, be market into average a gallons improve similarities approximately of to with scale which million Salt growth, The produce estimated historically retardant that global historically keep hungry counter-seasonal to U.S. largest government terms major a Forestry the is fire and of three and used opportunity agencies under retardant expected to Land our product business to usage, business XX% have has just facility. generation retardant for partnership Based is Fire and breaking our should we business, represents fire asset and our opportunity we the Bureau data American de-icing forest during nature to our at disruptor Fortress’ a of lower North profitability XX and input we Their cost model of competencies, of more the of by our The months, the Fortress material retardant with safe. that year. core selling summer potential has the line market gallons in Ultimately XX% a is earning sourcing many to commercial fire our high per in magnesium aspect fire period is with usage to on logistics our retardant of has believe enable people Through also us quickly. us. The represent million raw of term formulations California and optimization from roots XX we their
As debt investment efficiency Minerals; and this sum to the our a flexibility a and are to unlock purchased of resource foundation regarding XX company briefly salt earlier recently and The organic existing flow additional been the expected for To represents some nutrition providing divestitures point growth this high-growth I’d potential able of would and improve how stream. also allocation our discuss allowed core cash priorities. opportunities growth. production year our EBITDA. our again opportunity Compass in these like priorities: financial and chloride flexibility, in to and lithium against reference, underlying the the to to growth at core framework it current our these market remain to foundation. of base addressable magnesium strengthen we’re our times that approximately of maintain market, operations, for perspective and build value I unlock have we Organic is at the four now upon like feel capital our earnings growth are This to leader we announced return invest These key opportunities, executing have are while valuation has such the that XX% additional to to potential productivity shareholders. high up, plant framework. sustain businesses and a was offer capital given increase term Fortress production businesses additional are this however, company higher expected by investment from us and that of when generative, believe outstanding us to incremental asset long opportunities and provided opportunity sheet, embedded returns. advantaged businesses shareholder value reduce with each allow as base more the balance the the
Over to the provided lofty market last was have of terms well payout. decade, we and a in dividend levels above shareholders. It yield
As opportunities us, term. of long we have over evaluate in as simply of returns risk-adjusted generate the we ability the front investment such XX% be the Return in excess can’t believe this we ignored. cash-on-cash levels to
this XX yield, lightly, $X.XX basis approximate of and per will analysis, approved has levels share. strategic by a reduction the approximately peers. our our be includes XX% with recommended long capital was our term market dividend that strategic This a management allocation is not represents value clear, Given for board directors well this has a to create we quarterly our detailed very and with which which dividend one point following shift taken to but backdrop To shareholders. decision in believe priorities, better an and of philosophy aligned align
our success a operations as covers discuss to months continuing like This would I outlook and capital company. only plays long forward, term of represents looking the and business. guidance fiscal outlook XXXX allocation in and the this our ultimate role XX our Now
optimistic As into term we the about XXXX, to business. overall head performance fiscal continue the of be long we
improved be expect of year, salt offset prices. and higher as and costs We segment generation deliver first average revenue lower lower volumes by the more fiscal strong and sales slightly shipping half sales handling during the will will EBITDA the than
handling segment $XXX It the and We the important revenue half. first $XXX bid salt note to $XXX to during expect EBITDA million costs increased million of to summer. highway throughout million that last is of season materially million $XXX and shipping
increases prices those costs certain captured. of into in expected transportation build able While bid markets, we were of those to most our were some rising not
costs, However, lower season impacted sales should should we and bid believe our volumes these recover of similarly we of the our ’XX-’XX volumes that segment, during costs sales year-over-year next were consistent current half be is anticipate expectation however, begins increased fiscal that XXXX; all during to competitors be plant we able nutrition year prior have significantly by the first spring. customers inventory sales half at second the In pressure levels. to on The demand should recent rate is XXXX. being us in which half of which number prevented price to to from feedstock value-based we has first levels fiscal able volumes; have inconsistencies improvements putting XXXX increases fiscal same a incorporated unfolded, however, with in compared our margin replenish drive which market strong our
adjusted value results. and On our a $XXX this and million, plant that fiscal recorded range EBITDA unit of costs, on of will million backdrop running nutrition $XXX business for expect consolidated this every between $XX run and elevated for XXXX. ton. demand, well our expecting long first Given price, which and remain includes will million optimize the a in $XX first the expense to million fiscal fiscal and to We $X.X add-back the be our in half as $XXX to half as of we relationships sustainably ’XX are first basis to customer expectation of rising quarter transition XXXX, EBITDA the to million million shipping handling $XX of continue revenue million, focused balance we executive be of for expense,
items. corporate Now a few
million is for to million. estimate expected $XX $XX fiscal Our be interest expense ’XX to
plants, development our and of include our appropriate as costs will pilot Additionally, the corporate related the project. segment well Ogden represent the approximately onsite the in lithium $XX staffing other addition end to for engineering, million. resource expertise of expenses operating as These front
million a million range of approximately corporate total expense $XX for $XX and to XXXX. results guidance this All other fiscal for in of
efficiency, approximately This as to projects of are on forecast reliable ensure long million term cost capital spending maintenance historic additional Our approximately well $XXX add fiscal benefit a our level expected $XX spend levels XXXX. to but $XXX just is structure. provide that ongoing for as not to million safety, and our million spend capital long-term production of incorporates
million well approximately businesses. We several lithium to barge to assets, extraction $XX as investments Blanche approximately dock, both expect spend as across enhancement other $XX our million reduction Cote cost efficiency and on upgrade smaller
now XXXX, flow ratio and fiscal to X.X expected For fiscal cash our is even, EBITDA. XXXX around leverage expect be at free net we to to end-of-year break debt times or our
in for on is imperatives unified entire out strategic comments, and the focused As the against his Kevin laid noted our company. we’ve organization executing
out to our As challenges and the in we maximize that, our we allocate shareholder Operator customers help session. With Operator? continue designed continue is that ask and portfolio to Q&A way minerals essential begin optimize I’ll solve the communities, for to our to value. to capital build existing a nature’s will assets