Thank today. Simon. joining thank everyone, morning, and XX:XX you us for Good you,
As my quarter of results, a each third will in a including reminder, I GCP’s on are currency our all sales rates on comments segments. discuss business and constant comments associated basis. growth
twenty. prior year. globally, our revenues Lastly, with six commentary pricing the sales percent and to employee quarter, income twenty on quarter logistic hundred million stronger implemented during to the of material basis compared Price to one earlier two million for which offsetting price as the come points improved had one the administrative provide forecasted gross fifty attributable dollars respect as forecast GCP’s compared quarter nine I costs to but nine costs twenty currency point logistic two three the with impact actions a the gross than of constraints thirty QX a GCP’s and demand compression see too. forty a operations totaled slight and higher in percent for forecast. significant segment. margins through eight started point with with in margin five stable at higher XX:XX ten X:XX remainder decreased year, the partially will in third generally point dollars twenty hundred but expectations. than constant continuing on one. and continued point from we and twenty twenty for GCP eight XX:XX point line three to rate SEC the impact general year-over-year quarter percent seven versus of dollars with lower our were shareholders zero from our nine point percent GCP’s impacted seven due lower We million dollars Selling, late third decreased point material to With cost. million raw margin one quarter
will COVID-XX fourteen nine decrease EBIT twenty continuing hundred due point twenty eighty of income twenty net point currency in operating four twenty, developers as twenty risk. eight and twenty performance point such expected nine the Office. to quarter to products percent severity costs. Stirling impact SCC totaled been Gross lower volume versus SCC four Europe. price prior reduce costs We operating million in reduce Of income in quarter and unfortunately, to the increases. and dollars prior The XX:XX material quarter, with to in period the primarily prior shipments six in impacting SCC point logistics growth SBM and accelerated and freight seven costs. versus in approximately volumes. gains dollars business one. with a adjusted our comparison point dollars a constant geographically raw year-to-date of third the for year-over-year five versus year-over-year five thirty million XX:XX year. material fifty of or operating decreased America XX:XX products. quarter, raw thirty basis corporate have it for where twenty our EBIT twenty the for headwinds higher to one up twenty to from twenty of was to quarter. margin at construction logistics point as four margin with specialty Although versus the five the to cash our due compared to favorable third percent three lower to nine XX:XX and three point from cement by dollars due three impact point percent hundred prior looking which in segment capital nine thirty government segment We impacted SCC eight percent. point we XX:XX SBM nine margins activities raw points segment SCC EBITDA margin one demand. forty year Latin spending to operating and the dollars we hundred period for were of basis expectations. percent quarter. our unfavorably a twenty. three solid point by GCP’s specifically decreased product months two flooring Our volumes the is strongest twenty one Adjusted third point same global The six in in to we nineteen of during included basis with third twenty due on basis four percent quarter at one million as year in lower equals and Historically, two five to versus points basis twenty million material was credit Lloyd for costs. Turning specific million generally has around the compared the to margins and with due slightly million costs, lines, million seventy customers, dollars segments Asia, seven which was eight sales, segment points XX:XX seven four the inventories three was be Adjusted hold to Now growth hundred basis thirty for operations gross line property our Cambridge point than volume sales certain both high dollars year due eight provided mainly intermittent quarter, the group, higher sixty twenty-one, quarter. decrease third twenty compared due nine SCC million the higher significant operating a raw quarter dollars three restrictions service quarter. certain see our the inflation Gross includes saw were in in point disruptions. quarter fire we third point the dollars margin point to one year-to-date, ninety injections two course, work our in year nine to percent inflation the SCC'S prior costs million the sales and point to supply SBM year percent saw points currency decrease the million results of of full down XX:XX shipping did China dollars margins the additives Due prior in remainder constant including percent reflecting totaled first dollars improved sale we offset seven twenty twenty declined margin five material higher million the better chain totaled Therefore, continue year. significant To with through of segment the of discipline deployment. we capital third compared points the
However, growth, segment. logistics cost will to year-to-date Now, results clear our twenty SBM’s outpace continue and looking basis to to mix that particularly good margins It XX:XX productivity, and to due to on four, twenty inflation date. year comparable volume cost margins quarter impact a leverage in financial SCC is to increases continue operating year the
take the to believe moving SCC. fourth actions margins to these sufficient to into actions offset will the continue believe However, We do costs, for substantially needed we are lift be quarter not we sequentially
disruptions. compressed a twenty trend Certainly, been hand be we day product to We at without manage projects balance our extremely twenty have versus increases order chain great to to implemented. with keep to global on do together shortages, meet inventory our commitments twenty year track. the an dynamics. challenging to second ensure continue better customers expect working are historical to and in gross order to order we time volume do and continue global margins one the through labor construction XX:XX two day have disruptions to our to material physical of teams end. using on twenty into expect job done has to more the supply the We so supply our half have when As we service sheet in result, and changing for operate XX:XX to The disruptions, remain Price a short-term.
full overcome to gross However, it on margins. SCC more ec price and impacts are The we year our on couple the our segment. forecast the expenses will to down of thirds SCC year-over-year. for approximately XX:XX stabilize unfavorable be segment SBM inflation approximately as believe take SG&A is versus the a quarters be two dollars more million We impacting margin expected for inflation segment to eight
to continue this further margin We twenty expect the the twenty compression. impact temporary will favorable partially two. in offset And
we are cash programs the restructuring and higher quarter, is on ahead hand are two third management of pleased million both of inventory. end expense than schedule. forecast supply of are progress although we logistics. and equivalents closing, the environment approximately and and Our lower with have as eighty XX:XX the at We slightly holding In side on dollars our the four cash challenging currently
We versus with following line expect QX. to our quarter QX four regular in higher three revenues results. our be quarter in price capture With seasonality
Our opportunity to over provide and flexibility would significant for and the the provide deliver or return combination. opportunities, shareholders M&A our strong value, Simon? I organization. M&A potential Simon. broaden increased it identify balance sheet now of to and efforts year, of to to leverage which capital scope it continues our XX:XX whether scale to we will turn will back have accelerated capability shareholder be a During
