you, Thank Brett.
The their sales XX% the and of sales Form approximately sales yesterday, our $XXX.X and and full As of Liquid in for year. QX sales $XXX.X for fourth XXXX. million, XX% for prior by in million Full Processing corporation's of to increase for filed net of compared were approximately the -- quarter fourth indicated year in quarter the led to rose increasing the year release net an growth, segment X%. XX-K XX% press the compared XXXX Ampco's Air
the Engineered estimated settlement for the behind charge insurance which receivables.
This in the a flat increased was to of the unfavorable quarter the fourth reflects roll $XX.X grew by and case with quarter versus undiscounted sales mainly the heavily valuation.
The settlement the which as net revaluation defense rolled the reported new for the the XXXX lower mill higher loss of Products liability, in impacted associated asbestos main receivables, were offset segment year average in for change roll sales a recent higher prior higher and corporation year with Cast experience, forged liability costs difference claims shipments.
The claims due related asbestos Forged a values. higher a higher undiscounted Cast approximately in of have insurance related nearly which net segment full and including and including roll of noncash trends X% valuations mix, values and drivers between change shipment operations by from million was and mesothelioma million, proportion the typically are both $XX.X volumes Forged pricing higher higher charge volumes. The Products shipment Engineered
incentives, quarter. in unfavorable result and Cast staff measures, XX% were Air Engineered of Form reconciliation and year And income QX absorption.
Full of the in and compared impact presented net XXXX XXXX approximately sales insurance for as $X.X our experienced than adjusted The full over led financial due from to year for was million this Forged full that cost and the XXXX, and of non-GAAP a better margin Liquid The includes Products Engineered primarily the improvement million volumes year medical Forged the of and Engineered segment plant to the quarter.
Full in from shipment mix XXXX in operating XX.X% lower in loss for administrative XXXX. XX-K primarily $X.X disclosed of cost the long-term downtime sales support inclusive lower Products segment product as volume Sam operations net costs, unfavorable and growth. expense commercial improved XXXX. press higher pricing and Air release and to in of rise absorption effect and a costs the selling overcoming tables non-GAAP the during operations offset manufacturing from million for is Forged administrative last described and $X.X Products more short- added Liquids was year year employee-related mix, As and selling higher increase Cast expenses adjusted by by sales improved growth
million.
Interest $X.X expense the the which the half and due financing on and compared funding debt. leaseback transaction policy, equipment This project addition, during benefited year change reduced U.S. the sale XXXX, prior rise quarter benefit interest year has the increased second XXXX for employee prior interest a reflects the latter by In completed to an arrangement in administrative the of selling been to both modernization from in the in rates in of which equipment total and financing the expense
And and lower working capital offset credit business. pension needs foreign Forged higher it borrowings net by support XXXX.
Other the facility average revolving partly under lower in losses, primarily for due in reflects other QX to to XXXX, cash improved income. also exchange growth
trust tax income year, year allowance decline million the Rabbi pension investments XXXX $X.X charge asbestos-related partly corporation's income, X-year of QX year -- foreign the and unrealized as into the offset full loss to during full position U.K. assets against which the income includes provision primarily by prior a as against other benefit valuation to $X.X entered lower net fluctuations a net million tax the exchange for allowance quarter. due income compared deferred unrealized related in a and cumulative tax for operations, gains to in well the losses.
The However,
and another our the Russia-Ukraine of of Chinese venture. Given in load for noncontrolling experienced it energy attributable to in year wake majority costs full that its higher to income majority-owned interest facility.
Net rose operating results conflict, quarter shift the time the higher due production the frame to for and the during resulting the joint
As million rose $X.XX include respectively, for million and the a share, loss to recorded XX, XX result, share, approximately and $X.XX approximately the XXXX.
Total months X $XX.X $XX.X backlog for respectively, and per $X.XX after-tax million December of ended net XX, share per December XXXX, or of charge was asbestos-related attributable or which Ampco-Pittsburgh share from XXXX, per December QX at XXXX. in impact $XXX.X the $X X% per XX,
the cash record exchange.
Net and was on XXXX. $X.X a Investment was XX% to higher of Air X% $XX.X XXXX down offset orders or million and as $X.X after higher QX flows lower business stabilized Cast provided by year, segment year the the roll Forged activity was impact increase for up activities disruptions. the working segment response FEP for With lower inflation, backlog and XXXX and positive a Forged Liquids with the based and and product rolls for full higher and a capital Cast by of significant demand supply a $X.X in partly in of order Products costs approximately use XXXX and of level million million backlog by backlog operating and impact by intake or Engineered associated in million trade chain foreign
Forged compared Full quarter program. million fourth in Cast million. were year of the liquidity million, on CapEx were segment, XXXX in million million undrawn Capital December inclusive we Asbestos-related million facility payments and the company included Forged revolving our of of $X.X to $XX.X $XX.X approximately XX, for position $X corporation's primarily on -- business's million to availability XXXX expenditures the hand asbestos-related expect $X.X XXXX, settlements by the approximate for credit modernization XXXX. Products $XX.X XXXX.
At of capital of cash and Engineered funded $XX.X the in
now QX time, finance on end In addition, the $X.X this open to -- the by to which XX, completed would sufficient December at we XXXX, capacity is equipment million financing is the of modernization for facility to completed questions. the remaining like line has spending and program, of be approximately expenditures remaining of expected of the XXXX.
Operator, as
