up adjusted Both Julie, of sequential operating Versus you, the grew morning. segments XX% of another reached the sales business XX%, margins. earnings good margins Thank and delivered XXXX, quarter quarter and improved were and income mid-teen sales, mark. fourth
of Our cash million. with generation quarter under remains strong, liquidity just and $XXX ended we the
April, also with in early and this ITASA more B. on financed Loan a We favorable Term closed acquisition
As you will the remains our will our see XX-Q segments later of alignment better business we Products sales. our largest modified XX% our with to today category represent reflect we've way Technical ITASA, over in group Filtration, which
of including digital and specialty ITASA, sub form new segment. release now business a Our core the liner coatings transfer will
of a Technical Products Specialty XX% other comprised Solution are number Industrial expected Industrial Solutions and to represent and categories. sales. along coatings of tape of is each grouping third abrasive Our backings, with about
all a Products quarter across from the more to sales of quarter in was record financial XX% first first with growth end the increased top Revenues in last volume-driven Filtration, year. stronger than Technical $XXX quarter, Turning from strength led Filtration million which XX% and grew benefited bottom-line of by the performance. delivered results The sales euro. also markets.
So million by in Adjusted discipline, volume, offset and in foreign was 'XX. currency XX% Driven largely the higher translation. this continued by of selling spending $XX lower million was manufacturing prices $XX operating from than more good up performance quarter. favorable income
and and up last which with Turning $XX were primarily XXXX 'XX, quarterly especially income and X% due fourth of to lower offsetting partly costs, as from was this in of mix, sales the to benefits Revenues from operating less Paper were short recovers. million in million Fine a used Adjusted continued advertising were volume has increase first due production in have lower and hit. print sales for still sequentially, of marketing, year, hardest and Packaging, volumes, from sales down quarter to commercial million lower primarily the strong been $XX favorable demand to the of of quarter the exceptionally including XXXX quarter first SG&A. $XX
also We and our Fine Packaging. Paper regrouped product categories in
this of revenues, the segment the premium consumer almost of Our Commercial improve growth includes of Print, help now makes up packaging from items acquisition quarter actions excluding which $XX and we costs to half faster mostly SG&A and a turn was growing I'll items expense purchase P&L revenues. to reduce the other later Unallocated corporate In the We'll and the year. million, We're million. on the line expect for mapping XXXX, process costs about one-time after related of SG&A $XX ITASA year. provide million corporate accounting or unallocated XXXX, will as make a products taken in half quarterly publishing line up and trajectory. details and $X.X the with average year corporate result completing the ITASA, in $XX manage in items. of further of to in to prior ITASA's costs. million down spending prior first GAAP. million with US we've approximately to few in $X.X adjusting
from million $X.X B million to amortization be X.X%. now terms, approximately With million, from in the interest includes including to Term of expected expense. X% of non-cash interest Loan negotiated rate $XXX favorable $XXX $X.X reduction more variable the expense upsizing is our which we to million, a Quarterly
in first a XXXX. tax Our in XXs. rate and income effective mid ITASA XXXX, quarter the the rate the tax both blended of carries of was first quarter XX%,
as time, book Cash $XX.X working prior quarter of spending of about capital primarily utilizing 'XX be requirements. year, was Capital first of the R&D first the million to as of be quarter over two-thirds increased year in from full and of we a expect provided of $XX from rise prior of lower in of period first of continue Cash a may million with $XX.X rate, result this ballpark million. credits. taxes should million rate our rate quarter still the for in 'XX in $X.X the consistent result year. a spending tax the our operations around XXXX, So to but XX% be
sheet remains shape. Our great in balance
an demand encouraging in show. Clearly quarter, strategy around of wrap $XX that's comments both revolver, times. had I'll strong very of is our in EBITDA to up have to to and X debt segments. projected And we beginning acquisition, our few evidencing with million on continue just been a cash outlook. of the strengthening the additional a with attraction sign nothing the drawn our liquidity. Following plenty has seeing We we're
and in $XX year Since the progresses. project has and have As we segments look facing Like third input increased. more price the be year, rapid Packaging. prices impact because would input segment The a I costs, I on million well maintenance more year call, different. and manufacturing of time. impact and that to this ahead, reduction in for chemical utilize annual raw costs no will many recoup Technical we as companies, chemicals Fine and will expect this of our expect seasonality also million than chemicals than Both for Products that short in And as affecting input costs we could to down time, price amount time to be February resume to Products quarters. an transportation, To clear, $XX than period that historically and sales growth unprecedented Technical actions, usual cost Neenah about Paper escalation are with our that been be other fourth formulations fiber higher typical increases, polymers to have our rising fiber. now be the that volume amount and pricing In we indicated a this fibers, in and significant forecasts and offset be of are larger able this XXXX the more as our we this material twice north in efforts. costs of softening
have incremental quickly actions of impact. that and I Consequently, been these As this still the strong costs actions our impact are such, taking input additional performance higher we year. this will with QX to believe offset and offset additional
the many quarter, good delays, pricing increases from first around we impact for feel there take cost some recover expect contractual for begin with Compared in contracts I or our and in additional to to the a $X to in historically, annual second fiber impact year our we'll see significant our completed. contracts, quarter be impact as pricing While and timing is customer as selling contractual to about are adjusters actions the have second higher direct full net of and quarter. moderate cost beginning XXXX costs Ultimately, input actions adjusters as of effect input price of million. of the prospects additional contracts likely should our fully action with The effect. take reset, we price the pricing
assets. organic to US and acquisitions of GAAP amortization about reflecting carry me or businesses we're sales. numbers, on the a few approximately that fair of quarter annual depreciation of Let This be the while rate percentage million mid-teen sales X% EBITDA still for the in value ITASA financial $XXX turn margin. per ITASA. but won't of purchase finalizing to other about would note with a intangibles of that to I highlights double due can Since $XX million process comment and of X% accounting, has
transaction in returns on to it shareholders. our I've deliver been to remains drive Neenah and position. committed these investment. strategies, to on been an direction clear be Julie. a that talent We turn can-do strategic strong return enabled with by Neenah expect place principles, our financial And to and and accretive attractive Having growth including note, for the financial to and the attractive execute pleased all disciplined I'll immediately to our back to at to earnings year, attitude with profitable
