our better ongoing results of forma Red a segment on believe pro and will pro and slide the segment. in Valve the reported results deck. good and be of everyone. operations find a exclude earnings the as and Joe I these comparison morning will business which slide my provide results Cimcool you Thanks We pro the section, APS forma of Throughout and in ABEL MTS referencing XX forma comparison
quarter. the to Turning
revenue margin growth, and strong Our teams their exceptional performance momentum free with strong flow. cash built on continued
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On compared due productivity by in step-up strong the strong $XXX $XX Excluding We was and segments. $X XX.X% or and requirements, income year-over-year. by lower were due impairment increase adjusted million of XXX the million, pro strong of Capital particularly EBITDA volume and of of from by due on in an the of increased the prior pro APS exchange, year. Batesville. of of anticipated a quarter to compared million including a basis, basis in timing. year, increase XX%, $X.XX ABEL and loss of Hillenbrand rate MTS to Adjusted gain cash segments. XXX million driven working $XX from increased higher MTS Adjusted On EBITDA than growth impact tax to XX.X%, per million points change the an project a basis, a MTS by $X.XX revenue primarily a charges. million of resulted XX% increased in of driven EBITDA or The to $X.XX favorable forma XX% quarter, $XXX adjusted increased within of mix margin GAAP to $X.XX, points. and operations the in timing basis year, and prior effective net net generated of decrease income of increased prior total inventory driven revenue Batesville This of growth million increase year driven $XXX both share earnings per adjusted was in and earnings sale adjusted capital prior foreign advances share customer geographic for the forma X%. $XXX the and XX% reported income of synergies. flow the expenditures approximately a to
to half and remain return our total the synergies million $XX quarter deliver the the expect track spend down recognized dividend. We acquisition. of the of a achieve run the to We to incremental million $XXX year. $X normal in three-year $XX second debt this returned million million synergies cash related expect year. We We to to rate of on $XX form the paid million we of to more in of and to Milacron in million trajectory synergies shareholders $XX
expect transportation productivity COVID-XX performance. of segment estimated improved due fiscal Batesville $XXX a to year, Operating increase partially deaths over that than and performance margin respond demand and the increasing driving families XX% quarter. the strong to which in slightly for casket both were the unprecedented. though The estimated the the required the cremation. inflation burial decline of at Moving had of and basis. opted increases do prior in the the second expansion, on sequentially initiatives to an by revenue demand margin in to contributed and behind in year-over-year XX.X% million, rate expectations. in unfortunate quarter increase pandemic offset commodity with and year despite strong manufacturing increase driven circumstances pandemic costs in the We expected year-over-year. in points higher continued are Adjusted in surge half to The EBITDA second by basis COVID-XX to the XXX leverage
XX% continued of forma Turning saw year. and We to in revenue prior to XX% $XXX strength on and both Revenue expectations. a exceeded pro comparison basis molding the margins as solutions. increased our million technology
packaging. of custom Excluding in demand junction of Sales exchange, molders, than consumer equipment molding the XX%. on doubled foreign goods, increased more and revenue medical strong impact capital
and up end the all molding and continued higher year-over-year improved runner aftermarket markets. service sales strongly hot were quarter on and as with basis. rebound and both parts Importantly, in sequential well sales India a to injection across
We continue India situation closely. COVID-XX the in monitor to
on As year on prior basis million an margin volume virus disruptions basis and with related governments new the and forma EBITDA by have $XX local we basis. increased announced XX% pro a our Adjusted higher compared will anticipate XXX including XX% EBITDA forma XX% increasing initiatives a driven points of these fiscal impact shutdowns, The pro quarter. synergies. on was improvement cost adjusted of to productivity third
Record with in operational drive XX% We and strongest equipment was to molder, results compared focused year to $XXX and improvements. the on molding by increased increase of market. prior encouraged sequentially, orders. the automotive the driven backlog an in Hillenbrand custom and XX% model remain are these sustainable construction million end operating order leveraging Activity injection
flat forma pro On advanced million million APS to to of of Turning was solution. $XXX a process prior year. $XXX basis, decreased revenue revenue X%.
basis delays have Excluding driven certain see in half. decline in basis. sales. the the expected forma parts area as to on systems polyolefin which continues this of for to Longer prior customer driven end X% the expect increase Adjusted projects impact installed of started currency, backlog year-over-year. due pricing, actions on reached Recently of coming volume orders XX.X% largely the new than second by offset EBITDA of lower cost higher a signs quarter. XX% $X.X a the improvements. will in base we to at primarily opportunity of Order and we to the revenue lower expected margin was large systems of sequential the sales and our decrease pro aftermarket large a pro inflation and and to was high compared decreased to however, was quarter, by translate term, in of second productivity from growth and headwind see The services an up forma a record grow. parts year continue containment into and we pick flat revenue billion service growth The on
in for are next projects large primarily revenue pipeline during expected to new contribute Asia. the plastics We the to see solid These to the quarter, continue project over quarters. several from demand
We any to. expect have large from project we customers cancellations nor not our do received
balance debt X.X the Net by ratio adjusted sequentially of sheet. the Turning half at to over the and $XXX the to million EBITDA quarter debt turn end fell a times. was to net
$XXX cash in hand including on liquidity of $X.X available remainder As billion, of approximately under have our the and million revolver. we end, quarter
and $XXX had a the We corporate order of cash to revolver long February, we including of a replenish and in attractive general available loan no in of $XXX on including prepayment financing proceeds were cash hand we $XXX $XXX XX, In rates ABEL issued sale cash after to purposes, unsecured repayment. term quarter, senior with down our bearing the debt debt on term from debt due revolver. As at XXXX in in paid March million. our In for million million at repay XX-year X.XX% borrowing. secure note million
near Hillenbrand across to operating We efficiency will the we to term and debt have continue business. leverage model maturities the no drive
will segment. efforts on Our focused MTS capital working efficiencies, particularly in remain improving the
Turning to deployment. capital
both greater We are pleased with invest inorganic to our organic has and us aggressive flexibility deleveraging growth. progress which in given
guardrails in in high our business in leverage opportunities. evaluating are strategic and We reinvesting now comfortably return investments within will prioritize the
results Let to which results, prepared and outlook. Cimcool the segment the me and our conclude business remarks with in be APS my Valve term will exclude pro near I Similar quarterly section this MTS forma the in segment. review Red referencing in ABEL of
has to primarily disruption uncertainty resurgence third the continued providing pandemic in guidance the are from pandemic. fiscal given we locations, the our from the due of for the of adverse to international the impact quarter We Even though XXXX, India. lessened COVID global continue in U.S., be
to year-over-year in to revenue quarter third a total XX%. increase range Hillenbrand's expect We of XX%
and range for earnings We in in range per quarter. to $X.XX third the of to $X.XX million million $XXX the share of adjusted EBITDA expect $XXX adjusted the
carries to lower volume we year decrease As in anticipate and quarter, third in X% reduction margin, drop spend as a to due Batesville, America. additional expect sales, of we the profitable demand investments year-over-year a significant we a half higher growth. North T&E enter earnings in in the fuel XX% revenue third from COVID-related a quarter we the which to expect return fiscal Batesville last was with deaths pressure Starting to burial second during of curtailed and inflation, marketing which
year. the rest year this to of COVID-related due deaths expect level trend continue to the high the of We last for
food from of initiatives as see projects anticipate EBITDA growth. strength impact revenue to XX.X% markets due revenue. adjusted productivity the still to year-over-year backlog, to business end we revenue large well our to some of in in offset polyolefin we aftermarket large our rising XX.X% lower of strength revenue in also third partially delays see with recycling. to as we contributing engineering volume and expect grow expect of that and projects Though range in as XX% plastics, solutions, service the a COVID-related parts and plastics adverse delays Furthermore, impacted process margin other like XX%, inflation. year-over-year the advance quarter reduction We In in a persist we aftermarket to primarily
We from price by and mix to expect inflation, adjusted lower XXX initiatives. the as productivity last of in to margin headwind spending patterns year-over-year return EBITDA a year third XX.X% perspective, normal more from down to be is points to partially XX.X% basis the offset and were quarter a curtailed project that XXX
to Turning molding solutions. technology
third quarter to disruption year accounted XX% in of some prolonged XX% due continues demand Though results. over a We shutdown COVID in strong to lines. molding international runner in impact hot of India, for product both and our we expect strong any range our the have resurgence negative a and as primarily be growth locations, injection revenue to prior will have to significant
to down return with points of adjusted by of expect spending normal to respect offset hot higher a sales to benefit and continued be and year-over-year We runner system, lower to EBITDA more XX%, volume to XXX the inflation patterns carries productivity margins improvements margin injection than XX.X% is investment. which basis as higher XX molding expected
large our growth single in is gave the business. aftermarket up This strength primarily to segment, the the the quarter, Given full of and for segments only be pandemic, we growth we an fourth we advanced outlook high single digits the year-over-year the expecting plastics to are quarter in year. last outlook mid the the our project uncertainty year. resulting In that solutions and to quarter remains fourth due an full for improvement revenue in by digit will for driven industrial provide process
fourth teens pricing outlook in teens quarter last technology the markets. year-over-year year to the backlog due the to is In expect full provided revenue end order year-over-year adjusted unfavorable molding and improvement quarter we in and growth the year partially continued productivity. expect mid multiple mix, inflation, to driven segment, down our which high be an the quarter growth momentum and we also in by growth that strong and full project EBITDA in We slightly and by margins offset fourth investments
of patterns, We our in increase to runner compared a come margin normal adjusted growth spending our to quarter margin return a the expect proportion hot EBITDA at decline fourth and a molding of year-over-year lower higher system equipment in a due which investments. in injection an
year, anticipate For as the EBITDA improvement by inflation we higher full and synergies volume and productivity moderate including are sales, injection partially additional adjusted margin investments. leverage offset growth additional molding cost
reminder, a no year As resurgence of is to for prolonged any our in COVID. outlook of markets upon the the key shutdowns due contingent our
Our the execute ability we the team confident demonstrated I can year. through half challenging in has will turn the to back of the continue I And Joe. to that momentum back call And now the circumstances. am over
