Joe, morning, and good everyone. Thanks,
net and to year-over-year currency EBITDA in year, grew up by Adjusted impact. basis, $XXX EBITDA $XX Joe, was the $X.XX, As continued or of per trend experienced as net income lower in Revenue was at million which due X% working drive our revenue XXXX, pace with is decreased year. Adjusted X% an to growth over year, of terms favorable our contract year. $XX XXX% the Batesville to XX%, X% flow by That revenue million than was $XX segments year. in tax operating favorable in tax quarter, income reform, of XX% rate $XX our earnings down share a is points of was item partially Group, to adjusted capital we foreign conversion and X% customers of we from over make compared million, earnings basis made On cash margin quarter. suppliers. both the a in the by of That year-to-date. including Free as we lower GAAP improvements XX%, primarily than We've cash We $X.XX effective share. contribution of impact. a $XXX improve growth driven quarter. our higher Process that last the of bringing metrics to target million the the exceed primarily to increase in both repeat. the basis lower you X% a fiscal including did in year, resulted last net not million to adjusted quarter. points initiatives for $XX tax prior prior X% discrete flow heard driven margins last with offset third XX.X% continued The grew third total adjusted income generated of million per by was XXX million on XXX pension Equipment robust and the currency the
million During $XX paid in our million repurchased of the we dividends, of $XX an $XX down form share about common cash $XX.XX. debt, of at and to quarter, stock approximately of million returned roughly the average of price shareholders
$XX year, of over repurchased we and forward. have going buying We shares anticipate this additional stock opportunistically million
our BaaX to to Moody's as provide stable to to we more capital continue drive will which access outlook, execute Hillenbrand a approach rating rates a carry senior capital attractive out upgraded shareholder unsecured we at We recently deployment balanced a expect to strategy. value. with
resin most, and to service of increases. projects as proppants revenue extrusion the the $XXX strong, the remaining up of Capital biggest The equipment handling the those sales drivers Group. projects. segment among compared Process million to of were continue work of systems Large up through the also the our also digits to base I'll to especially and prior beginning Equipment double majority be separation we equipment Sales production Turning performance large expectations. business XX% the Parts remained posted Revenue growth quarter. strong, broad-based, exceeding growth. material grew backlog. every in was for as was and slide, with next related double-digit year, was cover
moderated, activity the by parts. While are aftermarket has we is as the as generating in that other proppants growth the encouraged markets business well in
Group up from compared X% million of Equipment achieved Process or the including levels record year, both was grew Backlog last for outlook order Sequentially, backlog volume $XX currency. backlog. We new bullish. for and million X%. XX% foreign $XXX remains to Our
basis XX.X%, last our by lengthened adjusted backlog projects Process but a on As which and healthy we prior segment. portion points years lower year, compared said was XXXX for times the a margin for have of scheduled reflects call, EBITDA growth and a cycle fiscal Equipment record XXX significant was the XXXX. Group was to
higher large a we of we primary were our to lower-margin, profitable mix and delivered projects, product highly the gains. and systems, projects. as large that installed winning lower will We margin, increasing bolster but We the of strategy expected, partially productivity the experienced a parts quarter, systems these reason for believe offset was As base grow pressure with inflationary some service able our business. in to proportion
Operating continue drive pricing the will Hillenbrand pursue XXXX. of Model basis our target productivity initiatives, to leverage margin to We and as points expansion strategic we XXX by
of million primarily Moving the which decrease lower the prior and driven X% decreased in to volume the to increase the burial families $XXX year. quarter. mix The by estimated business. were rate cremation. for Batesville Revenue compared in of unit was opted in the Volume both
contract renewed margin Batesville's accounted with Despite contract the cash third by believe XX.X% position basis a quarter. flow the agreement than net we in contract upfront The Batesville included was contributed in lower year. contributes multiyear generated on That stability unusually the prior margin profit and free an was the the low of mentioned, Joe business. the for quarter. EBITDA renewal quarter, XXX to the revenue a and Adjusted of incentive, this gross customer. competitive to which key predictability As effect fully and points strengthens the in
faced chain discussed residual quarter. the also we challenges we of anticipated, As effects supply last
in expect been for business. the Batesville Joe wood least continue inflation bring expect forecast, pressure steel, making, our quarter Cost operational the to that higher more short typical You fourth improvements at efficiency than to the us continues we continue to such the in commodities fuel, heard team a those in to trend some as to improvements especially and and describe level term. of we of and has the
improvements are third take nearly including business period team managing to the additional XXXX. outlook quarter, the at realized we and year. rest the through cost the same take me actions work the manufacturing quality. year, while from benefits in to of Batesville earnings. of to lower helped the to quarter cash actions leadership year, more flow time, With same last costs, These in decisive and maintaining XX% Batesville continue free superior every fiscal for out turn We compared that, productivity generate service to let our despite ensure relentlessly the our customer reduction the to footprint the prior continues
Equipment We now in are of strong X% for our from guidance currency, X%, additional plus XX% FX. guidance given favorable updating year, XX%, growth an X% from revenue the of our the the revenue plus previous expect fiscal third to be quarter up Process foreign to from We range in X% Group to performance.
the foreign of now year, That from currency. our down the revenue total systems We addition We from for be revenue the from higher continue previous from in to proportion X% to Batesville X% X% with and be of a to up X%, X% cost forecast to FX. we of for in Batesville range basis, X% year. company we to faced X% higher On the upside pressure projects, margin growth inflation. plus X% in to anticipate offset plus revenue expect by the from revenue to coming a large challenges is guidance
$X.XX, to EPS and to our forecast at $X.XX $X.XX. for for result, GAAP remains $X.XX a EPS As adjusted
of now year basis the in range of continue XX%. be to to targeted fiscal EBITDA of forecast Process margin adjusted lower based we adjusted to end XXXX product mix. XX for rate on to the that largely will Equipment the full expect year. tax And at points projected We range XX% the in our the be XX Group We've effective expansion
discussed headwinds we near will the which operational We the we the that which the continue expect quarter. this resolved Batesville and have including in at to believe have margin affected year, cost be term fourth for inflation, least inefficiencies,
about driving XXX margin year forecasting are and on We improvement sequential EBITDA performance. fourth flow points net strong XX%. the result, cash remain of full approximately in a we a of As quarter, basis focused
free been greater XXX% cash goal to net conversion of income. rate than has a achieve Our
As on I'll you the the we business third see, We the his to with can targets that pace that in exceed is At remarks. we place. right track the back have strong turn quarter remain on call are this achieve to results, target. our confident for to Joe time, concluding
