you, good morning. Thank Karen,
relative business changes client of several the consolidated most in U.S. the sales quarter. This casketed a there U.S. our that brand a comparability XXXX to unfavorable our significant quarter, ago. included and recent in a rates exchange to were with dollar, Consistent U.S. the significant the for year fiscal quarter relative loss decline factors same foreign second account in currency deaths affected our
fiscal $XXX we million a $XXX year XXXX sales For reported consolidated third compared the quarter, million of to ago.
to addition also projects. quarter factors, these by in three In several current impacted automation sales delays warehouse were
higher in incineration for the and sales consolidated quarter private by favorably the impacted in However, and sales were the sales cremation equipment current label brand growth U.K. of market
respect current compared and sales share the With share a adjusted of to non-GAAP per decrease primarily the share for year. for the to basis, higher per These share $X.XX consolidated year. a current $X.XX On declines quarter per to company basis, earnings per a expense. last reflected reported GAAP interest in earnings $X.XX $X.XX earnings the on quarter were compared last
casketed by deaths year-to-date Please turn reported of consolidated $X.X our compared decrease approximately affected of currency a and $XX impact to Slide X. loss were $XX an brand billion On continued the slowness last account sales basis representing billion a million. in The client estimated previously unfavorably approximately year, million. to sales headwinds significant $X.XX
incineration label brand and sales automation by higher. U.K. increased recent cremation were sales warehouse equipment continued several delayed customers U.S. brand the remain brand Although European during the were slow in grow, conditions projects quarter, market the to private of in and business
year XXXX per a - $X.X $X.XX earnings basis share GAAP to sorry, $X.XX a XX, of ago. per were share Year-to-date June on I'm as compared
in income last Cuts impact sales following tax noted, Jobs consolidated the first and Tax the per earnings change to benefit quarter the year Act. the I U.S. addition just the recorded from first, factors; share the primarily fiscal in significant In reflected
net significant repatriation of reduction had year-to-date share. law immediate transition new This net tax tax tax. of a per was balances, an benefit the the $X.XX estimated deferred impact The in prior company's
Second, fiscal pet or we per cremation $X.XX million expense third, $X.X our $X.X reported business. quarter, our compared And sale per partially share loss the in bond million a share controlling of last year-to-date offering pretax XXXX December of first a interest in year, reflecting during or interest $XXX increased million the on $X.XX to the XXXX.
For of non-GAAP year-over-year ended reflected to unfavorable the earnings earnings were currency last lower per XXXX,non-GAAP adjusted interest XX, share .In months sales year the share the nine and addition impact adjusted change June $X.XX in compared to per higher also changes. $X.XX expense,
results. summary operating turn Please of a to -- for third this our Slide quarter for X
I sales, for to compared factors ended the XXXX were principal year project U.S. currency last client last significant same The affecting by decrease ago. a deaths casket unfavorable the of the sales earlier account approximately which approximately casketed and from compared primarily automation delayed As decline brand included with U.S. quarter in change approximately estimated consolidated an million a resulting $XXX compared million for in million XX, an by year, year-over-year loss customers. reflecting of June a $X sales impact the foreign changes from noted decline in impacted a $X million, with principally year sales $XXX year-over-year comparability quarter warehouse
acquisition performance decline higher were and principally which lower costs. compared commodity to realization year the transportation and the market year resulted in sales to incineration third compensation lower a XXXX reported sales synergy initiatives, and and ago. impact during company for cost, of sales ongoing in equipment XXXX a from million quarter the fiscal private company's The related EBITDA the of growth offset The higher Adjusted by the containment U.K. was the and $XX fiscal partially compared $XX.X third million brand ago. quarter label cost cremation
for year, the third quarter. reflecting compared average company's Net expense to fiscal for $XX.X borrowings primarily and million in certain third primarily last held income income the of investments interest XXXX plans. $XXX,XXX, in for quarter $XXX,XXX the higher $X.X of fiscal the current compared was quarter year the for investment million value the third ago, rates a for benefit Interest XXXX changes was quarter reflects higher average to the trust
represented XX, Under decrease portion the income to the non-service quarter XXXX, Other $X.X other deductions cost, accounting includes ended deductions same a last and for quarter pre-tax new compared year. a income which requirements, and pension of million ago. $X.X year million the lower net in June income for of was than
was quarter tax expense pre-tax income for ended reflected for same income. in the expense year, income primarily Consolidated million reduction three XXXX June XX, tax months lower to the million the $X.X compared last $X
ago, XXXX affecting the Consolidated the decline Please $X.X from billion for included a a principal compared turn loss X. $X.XX billion in to same period the sales a factors for to nine Slide XX, change June year decrease months were ended casketed the impact rate deaths. sales, the related currency estimated and client unfavorable year-over-year account changes, primarily casket of the U.S. to U.S. brand in the
on the the million. of current $XX the quarter a segment reported impact the items equipment incineration industrial memorialization the cremation engineered consolidated totaled aggregate and technology and for and these sales organic Solutions segment. company systems the SGK Year-to-date, in Brand growth fulfillment segment, in in sales for The warehouse products surfaces
of compared market ago, and primarily $XXX.X months the current primarily year, ago. $XX.X current sales Year-to-date addition, EBITDA rates million Adjusted million to year XXXX first borrowings to reflecting change. as reflecting of a million was than nine sales $XXX.X average year In the private last the were label average June a for brand $XX.X higher XXXX for fiscal XX, year. to interest interest higher compared year-over-year higher expense was the million year
reflecting in a the decrease Other $X.X pension ended June pre-tax XX, decrease income a XXXX non-service for income cost. and year, represented the months million primarily portion to compared last in nine deductions of $X.X net of million
tax tax million expense last included net to XXXX XX, the year year. these June included a of benefit $XX.X regulation changes. changes. current benefit impact the The $XX.X of related income $X.X for ended million to The months prior related Consolidated compared benefit of net of the nine the to million a $XXX,XXX was year U.S.
respective In a discrete addition, their benefit include periods periods. both to tax
is consolidated fiscal fiscal tax XX% discrete compared Excluding rate company's to effective the items, estimated for for these XXXX. XX% XXXX approximately
of compared segment was quarter $XXX a rate currency brand a previously changes X unfavorable year begin Solutions the results. in driven Slide mainly decline XXXX the this million ago, to fiscal approximately the for to disclosed In Please third turn by million sales Brand SGK review to were client $XXX loss. segment, our account
in approximately Compared changes to ago, an quarter rates of $X.X foreign a exchange impacted client currency impact sales the the and account loss brand year $X million. unfavorable had same million unfavorably by
fiscal private brand label higher the the for third market segment However, quarter. XXXX in sales the reported
acquisition In the acquired reflected addition, impact of November Frost Systems current the of XXXX. was quarter which in the Converting
the performance-based $XX $XX.X impact million EBITDA changes, the for SGK third partially Solutions compensation compared change, primarily sales year-over-year by XXXX reflected ago. adjusted lower unfavorable segment million and year expense. The offset a to currency Fiscal quarter of was Brand
to turn Slide Please X.
$XX.X SGK foreign loss were recent decline rate changes in impacted year-to-date. client had for and nine For impact Changes months unfavorably brand with an client the exchange $XX the year account and rates approximately disclosed loss. to million reflected million compared Brand the sales unfavorable ended the Solutions sales XX, June currency $XXX consistent previously of unfavorable segment account million this by ago, $XXX a million XXXX,
segment Brand private for in engineered products. organic and Europe brand in sales Solutions surfaces and Year-to-date reported SGK label market growth the
million the adjusted acquisition In $XXX to compared impact addition, for million year. of the $XX.X the current year SGK Solutions year-to-date reflected Brand was the of segment Frost last EBITDA
quarter an approximately Slide for deaths Please million fiscal segment $XXX decline compared XX, reflecting turn to were ago. estimated casket year Memorialization a in segment ago. The $XXX sales for the current U.S. with XXXX quarter lower casketed were to the compared year sales third million
addition mausoleum defined. sales also In
reported market. and higher UK cremation equipment incineration the primarily segment the However, of in sales
unfavorable of acquisition the included divestiture of last the quarter and for segment a February same acquired rates changes quarter of impact Granite fiscal quarter compared the quarter the business controlling first third by also XXXX. Bronze interest benefit current impacted currency in an during was $XXX,XXX the Fiscal The in XXXX sales with pet the XXXX Memorialization which segment the had year. on cremation were of in sales & also Star
of Star the interest $XX.X EBITDA initiatives. were The casketed commodity XXXX year in controlling business for quarter by the and Granite transportation third acquisition quarter current other the was Memorialization & of the impacts decline million divestiture synergies offset and in the compared U.S. million acquisition a These reduction to cremation deaths, cost adjusted costs. primarily ago. Bronze a declines of the and partially segment $XX.X higher pet fiscal reflected
segment Year-to-date June cremation by sales and year. Please divestiture sales, sales turn ago. a incineration last the million Memorialization & and Bronze Memorialization $XXX $XXX unfavorable year controlling a adjusted $XXX.X rate in were higher for last million of XX, business and to Granite The interest to mausoleum nine million the to Star months cremation EBITDA was June compared offset ended casket million acquisition changes were XX, of at for Slide the XXXX pet XXXX equipment compared year. lower of segment compared the $XXX.X currency XX, to
Please sales $XXX,XXX for year of impact $XX.X million Changes the to segment June currency reported segment the turn in by to the were decrease sales foreign unfavorable Industrial sales quarter Technology current XX, quarter rates reflecting project with Slide period delayed The last warehouse XX, quarter automation current customers. $XX.X on ended the in same year. million the primarily compared compared had for an XXXX a for a ago. segment
the increase Industrial the the reflecting an compared sales with million a product project. XXXX third the for EBITDA Adjusted $X.X million ago quarter related for change to segment development and costs year was in $X.X fiscal segment primarily Technology
Slide sales lower the million in XXXX $XXX.X automation to acquisition for for sales. were ended the contributed current nine were year-to-date technology Technology XXXX XX, of Higher June Engineering million Compass sales. by sales November product $XXX.X Please months XX, warehouse last to segment identification applied turn and year. offset compared to Industrial The
and of rates as costs compared the last development impact XXXX product currency an $XX.X million was sales $X.X of primarily segment's same on lower adjusted had reflecting in in million $XX.X XX, Industrial project. the EBITDA for year-to-date the the segment's foreign increase compared Changes June million year. an year to sales with related Year-to-date period last with segment unfavorable Technology
million Please for turn $XX.X review of was XX a to and flow million compared to ago. operating $XX.X cash operating flows. year our Slide a Cash capitalization from activities
million XX, million was compared For long-term $XX.X the current at the reflecting compared portion operating ended million from $XXX June nine additional the cash XXXX June to flow At quarter. debt year. last joint $XX.X XXXX months activities XX, cremation consolidated including the venture $XXX million primarily March XXXX during XX, investments in recent pet with was
outstanding June were shares XXXX. million XX.X Approximately XX, at
purchased repurchase company XXXX approximately June the XXX,XXX fiscal XX, year-to-date. we XXX,XXX current share repurchase third XXXX shares approximately under have the During and the share approximately program shares quarter shares remaining under At the authorization. XXX,XXX
common last per dividend is Board X, record the declared of to XX, the Finally on dividend August $X.XX of company's week share August stock the stockholders a XXXX payable XXXX.
the Joe company's This will financial review now concludes operations. and on our comment
