Thank Great. Mark. you,
our to first quarter Slide on Turning X. key financials
mentioned Mark first generally earnings the costs earlier, in low volumes, with based from were seasonally January $XX $X.XX and represent our outlook XXXX line a As and and by earnings quarter Operating Ixtac also impact the on OCC and the approximately higher or majority margins negatively our sales plant winter million freeze fire. box price the from share index impacted declines. were per trough
the of quarter, cash generated flow. we free million $XXX For
As related cash timber year flow a last IP's settlement reminder, a with free final to of the million first $XXX the included in IRS structure. monetization our quarter
expect improvement commercial cost market significant Looking initiatives. positive improvement benefits earnings based on and ahead, trends and we from our
I'll turn and I'll more bridge. Now through as sequential quarter earnings the walk provide we details about to the X, Slide
in to share operating earnings was $X.XX quarter per $X.XX compared First as quarter.
January the GCF first price the executing successfully Ixtac by benefits mentioned by $X.XX Box mix higher was from and mix freeze majority per fire. strategy our margin driven declines significant was XXXX. sales and Go-to-Market share, to strategy. offset I of from per share earlier, the and included related Price by As index partially This our and quarter the $X.XX optimization prior
in to the segments January. per winter unfavorable due was by some storm both as primarily shipments Volume seasonally impact share across well $X.XX as lower from
Operations was the based included share This term Ixtac benefits. were our due as primarily our winter we cost on focused and the to deploy employee from We cost the the of the The freeze per strategy. remainder higher share per strategies and mix January including inflation fire. $X.XX and margin approximately across continue impacted sequentially. box on $X.XX plant volumes in to commercial improvement unfavorable has transition costs portfolio, which by near
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and $XX the our which by which segments our strategy, contributed the from on of with Packaging by to price approximately benefit index of due declines earnings higher Industrial earnings sales impacted negatively couple Turning quarters. mix and majority index per of will offset through significant to was on increase of February margins over contracts the million ton Box million. prior and $XXX next partially With This Go-to-Market flow publication Price starting was from Slide mix. X. improved benefit that XXXX, said, the $XX primarily approximately
forward. benefits commercial for our our Box from strategy Go-to-Market the exceeded first remain commercial on quarter additional opportunities the expectations pursuing the addition, focused teams going and In
making term, our year impacted lowest the and term. is Volume long Box near the first by Also, allow to seasonally was the strategy that quarter improve volume likely the as but lower margins January was freeze. will our shipment of mix and impact us in choices our about Go-to-Market will adversely represents also our
fully as target invest our volume volume in business the Although we the the continue profitability. we toward we of mix be when maximize for to next unit to tempered expect to trail the industry to impact transition few quarters customers and expect measuring growth,
cost also the cost higher of plant lower and the fire labor, inflation, from There fixed volumes. and maintenance as Operations a to costs $XX primarily unfavorable due benefits. box absorption and seasonally freeze remainder employee cost was including impact March. items from contracted included million Ixtac in The January was materials, such services winter lower
this our very ran $XX by outages partially $XX were of well savings the costs. first higher closure. from input in million sequential the the offset maintenance system mill fixed OCC cost higher costs mill primarily higher were Orange However, quarter. January million due by Planned Outside of to was and freeze
would X, packaging be to we for we thought on Slide did American On you like update it business North helpful segment last trends quarter. our
stable We to see continue to demand end-use segments. all improving across
based resilient, basis customer and some me mid-single significantly very E-commerce of continues be above year-over-year Let to trends in highlight on levels. on up digits a pre-COVID the feedback. quarter
and foodservice performance relatively Food at-home Fresh shifts overall stable as Food convenience. The and with benefit as from across continues improvement as sales weather Processed segment make consumer beginning to channel in Food in well first and its lieu been a the to volumes. segment wet Food the of segment overall. was produce the improve retailers signs promotions running show mills Western to toward drag in beverage are U.S. is from quarter about has solid The The of some Processed flat
segment recover in is quarter. to expected However, the second this
of segment as and segment tend beer, the which based choice budget-conscious improving reductions And by consumers reduced a packaging Poultry consumption under in pressure a be bottled to The is value. poultry. Protein following consumers specialty intensive. beef beverage remains remains more period on supply and have preferred and beverages of
term. plays based grow consumers, the understand will IP in bringing packaging X% industry approximately our XXXX. critical over the grow our customers X% long summary, We of to -- In positioned essential we customers is believe these on demand corrugated products trends, role that well and we and box believe with to to
the attractive our Fibers Slide Cellulose was some relatively services we reduction sales of the Global to focus overall contracted of and movement materials, was customers benefits as including and on mix and of cost demand to with Moving January aligning absorbent cost from to and due strategic spend. and on higher by due commodity and Price cost driving unfavorable sequentially X. flat employee of grades improved was optimization commodity for Operations inflation, Volumes pulp higher sequentially and absorbent to GCF higher strategy price lower grades. mix as benefits business pulp offset freeze labor, timing index and was the the segments. most continue
fixed agreement pulp Mills outage [ but maintenance Carolina $XX also outages with to X recovered existing in offset of through Georgetown year the were of Planned papers this Florida. lower that by lower in from million machine included Pensacola, an unfavorably Most resulting expected is was North impacted and by related supply closures quarter, a our and the Sylvamo. at the be first million costs white in ] the $XX Regen machine million throughout $XX to quarter earnings
outlook. Slide a I'll the XX, due $X Finally, were higher look primarily our second with at input quarter X. higher to Packaging. by January Industrial costs take we'll On energy start costs during million,
America, more This We Volume is expected $XX higher mix as primarily improve seasonally date export due the day. index with Go-to-Market earnings to in as to Box our by sequentially. the shipping to of $XX well progress result expect earnings with North increase strategy. prices higher million, is prior to by continued and price million movement daily X
Operations decrease annual our proactive full-scale maintenance program. beyond by outage to and mill spending million. earnings cost is expected $XX includes This
and mills recovery continued focused anticipate productivity efficiencies box our and equipment on spending plant improving we increased As network. this utilization, demand is and across
strategy. support to our resources inflation experience additional to and higher including will continue S&A We additional Go-to-Market commercial Box
$XX million Sylvamo. by $X that year are agreement outage in machine an input offset to expected white the million. supply costs. Higher existing a lower maintenance stable papers be to higher outage through earnings related recovered are And overall expenses lastly, will costs to costs is by be Included energy expected as that total decrease throughout the be Riverdale with
to Volume $XX the machine spending. and in to to absorbent expect earnings Cellulose reduce expected $XX of prior costs expected Switching price and Riegelwood free mills, as Operations from result by grades January our we by the to primarily million, are grow Fibers, with fixed resulting and million we index flat exposure increase increase and earnings pulp lower to nonrepeat to pulp. as of commodity movements. of time Pensacola closures costs a mix remain and is Global due
to Lower maintenance be outage by rest we the This that increase Georgetown outage stable. second the the first reflects million. to to lastly, in paper quarter are of million earnings throughout year. occurred recover expense costs expect sequential is And the improvement the $XX input quarter, $XX expected expected which in
Mark. to over back it turn I'll that, With
