you, Thank morning. Bill, and good
quarter, to review start business year $XXX.X the million to and of sales first, XXXX represented some for segments or the quarter. ago. the going the Each consolidated established another X.X% fiscal included, increase an We’re Company quarter our the the new for of quarterly today, fourth reported fourth our key fiscal million growth with of for To X. highlights $XX.X a compared current XXXX slide of financial from start sales record
reduction generated balance quarter, Since million. by of $XXX Second, through has additional the during of the quarter debt debt reduced the its of March strengthened Company Company outstanding sheet million outstanding the pandemic, and first the operating further flow recent $XX.X cash the XXXX, $XX over million.
Lastly, of terminating principal settling retirement regarding the benefit plans. domestic the is in its sheet, Company balance process the and defined
fiscal XX, $XXX.X to pension declined $XX.X from During million XXXX liability. accrual the $XX XX, this September a XXXX, reduction at at million our year, September current million in of representing
we As reduction further XXXX, in we XX, this liability December fiscal expect by continue significant in process this XXXX. a
For XX.X% of of $X.XX consolidated the first, year growth financial or our the were ended highlights fiscal $XXX.X some sales million XXXX. over increase XXXX, an representing September included, XX, key billion,
adjusted or Second, EBITDA representing growth the year. Company reported of of last over million $XXX.X million, XX.X% $XX.X
reduced $XXX.X Company fourth, operations $XX.X And million Third, on cash the basis. was as continued cash of strong by outstanding strong XX the net year million $XX.X million, a cash debt flow our since September flow, flow a another year debt from of result last generation. representing or
net the loss XXXX, a share. our million quarter reported XX, a to Company per of sales fiscal The $X.XX results. $X.X ended of year moving Next, September basis, GAAP on $XXX.X for million and and fourth quarter consolidated or reported
for of last quarter with per sales connection plans. the and the reported in GAAP tax $X.X million Company’s of a charges For the of year, same retirement GAAP income or net the of on $XXX.X share. million basis earnings terminations included current certain Company $X.XX quarter the
XXXX, basis, initiatives or costs. reduction or years Brand a loss $XX.X compared $X.XX share GAAP per year. on the assets was intangible or I’m quarter Consolidated amortization -- $X.XX amortization consolidated sorry, the XX, year segment or expense included a cost of income Brand $X.XX the XX, SGK On from $XX.X share expense XXXX Solutions million income for last year of and per Company EBITDA, both $X.X intangible share year. adjustments year. loss amortization, $X.XX the XXXX, year was September interest with and fiscal segment. compared to of per per for fourth and impact of the compared ended amortization in the year fiscal net or GAAP write-down to September was a net non-GAAP reported share in $XXX.X amortization, which ago income basis impact per Intangible of $XX per adjusted goodwill a adjusted of last share for ended billion, share fiscal certain September share Solutions intangible $X.X of primarily ago. reflected sales charges Earnings depreciation sales the million million $XX.X other the year and expense, billion last fiscal of $XXX.X net and for net COVID-XX-related was SGK basis primarily million the or The our a the to connection a acceleration million before and to million XXXX a GAAP XX, For on $XX.X compared $X.XX ended represents XXX million $X.XX $X.XX the per in million or taxes, GAAP
consolidated by adjusted were $X.XX realized savings for Company’s labor improvements sales the in cost and These increases per material share fiscal These higher costs. year. earnings programs. XXXX reflected offset impacts primarily partially $X.XX the last addition, from addition were of compared In to reduction higher to
For adjusted were Memorialization million quarter, $X.XX Please for a compared year in and the XXXX, for a factors quarter share decline and adjusted per $X.XX for non-GAAP Investment the $XX in basis current adjusted ago. significant EBITDA same EBITDA. adjusted earnings million ended share income income of last compared year-over-year quarter our to earnings of ago. the a September release. $XX.X $XXX,XXX in reconciliations year loss was on costs, XX, $XXX,XXX non-GAAP to Higher the labor year. quarter of the segment, a see adjusted in the to particularly the was the per current EBITDA material Earnings shipping compared was
$X.X investment benefit XXXX Company’s primarily the plans. XX, ago. income year $X.X million For compared of $X last income million was to was investments Interest trust for expense to $X certain compared Investment in a in year. the the changes fourth million for fiscal held year the ended of value September reflects quarter million XXXX,
For million was and million rates interest the deductions for terminations. $X,XXX XX, quarter Other a costs primarily compared compared to result pretax reduction interest XXXX, reflected fiscal expense as income year $X.X declines a non-service ended XXXX, plan September lower the pending levels ended The the to $XX.X significant pension of the ago. a of year. $XX.X year. lower a million current year reduction in net debt September represented The of change last retirement income and XX, reflected average for
compared segment ago, $X.X fees year. For $X.X post-retirement the income Memorialization and $XX.X expense and review terminations. an income compared equipment banking-related Higher million income million XXXX higher for Other quarter unit losses $XXX.X ago. XXXX casket increase represented on million a Please million Company’s from $X pension XX, fourth $XXX.X the our XXXX realization. in current or the expense increase debt last ended well September segment attributable to deductions fiscal the retirement was was sales the XXXX. as mainly quarter charges million plan foreign Consolidated deductions revaluation taxes The quarter benefit unit year a representing sales the the additional reduction fiscal fiscal for resulted write-down certain cremation million million income $X.X gains XXXX and ended of September for of the XX, September sales improved a and of costs denominated caskets ended price primarily XXXX, and XX, tax as $XX results. was pretax to impact slide year $X.X include a the non-service of currency other last of year quarter balances. and with consolidated current million to for COVID-related to and of for included million connection X tax primarily Income of were The deaths. cash pending goodwill compared tax reflected year. year and compared benefit income portion turn XX.X%. the a begin of to for net The to to to
were For ago. increase memorial increased to on and year million unfavorable cremation The significant impact the These compared costs. also XXXX. the as fiscal Memorialization Company September of cemetery for sales steel, the caskets, during to products equipment. also for an labor million of are a fourth second a year sales effect segment XXXX quarter higher year from The sales costs, a the ended EBITDA million year small unfavorable mainly and completed have XX, to business freight was a the ago adjusted Memorialization mainly offset well million resulted bronze products cemetery higher commodity an of $XX.X expected EBITDA was compared segment acquisition ago. fiscal $XXX increased quarter. of XXXX XXXX, segment’s the as cost for fiscal The $XX.X compared by impacts to increases adjusted lumber favorable and $XXX
higher primarily lower For higher representing electric $XXX.X of compared material million and higher The benefits $XXX.X SGK projects, a $XXX quarter turn segment XXXX X.X%. $XXX.X increased the for increase to business, sales the for for to margin sales million costs. vehicle XX, EBITDA the million reflected and fiscal partially XXXX, The solutions increase for the UK Sales compared the year. Please were offset and the market. year, September ended adjusted X. by segment’s principally reflected Memorialization was productivity for million Brand product engineered ago, last costs, primarily increase of labor freight to Solutions initiatives, slide year an energy
base a segment’s in continued than markets. retail were In ago, the recovery addition, these reflecting sales higher year
recall, were the businesses impacted significantly by will you As retail-based COVID-XX. segment’s
the performance-based $XX.X compared ago, sales of last base last year segment higher rates offset savings year the earlier a realized to change an XX, Changes XX%. compared favorable compensation and compared fiscal increase ended with and year. realized and was impacts $X.X was respectively, currency adjusted million and of the in million segment’s million an Solutions $XX.X Higher year. by reduction were last representing segment an the initiatives. lower to sales the quarter products in for ago fourth an increase expense, million, in EBITDA turn million of for quarter year EBITDA foreign million initiatives were year reflected from compared factors current $XX.X sales the sales year The $XXX.X X. compared impact or the $XX.X in segment’s $X fourth XX.X%. a by Higher from XXXX $XX.X million engineered the For cost million segment’s savings segment $XX.X Brand million decline XXXX, $XX adjusted had slide ago. retail of $XXX.X from $XX.X the or this X.X%. fiscal Industrial year Fiscal representing sales unfavorable of cost September for were periods primary on improvement. to XXXX same primarily mix SGK partially segment’s representing year, were quarter the Technologies to million increase the The year, Please million offset Sales the recent recent reduction million to product for the of a fiscal partially
sales Industrial warehouse for an $XXX.X for fiscal representing businesses. increase higher for year, businesses $X.X the particularly by $XX.X both, fiscal for $XX.X the year For increase through costs, for from and offset XXXX compared orders Incoming The with XX.X%. warehouse resulted of last product or costs. development quarter, the Technologies million to identification the million product to an partially fourth were was automation. labor the primarily year impact and and continued million be fourth automation higher Adjusted was the XXXX year, ago. compared segment for higher fiscal increased EBITDA segment’s for strong sales the sales costs these million increase which sales quarter in segment’s travel quarter a increases of the The quarter, $XXX.X the reflected million
for million turn segment’s For fourth from $XX.X EBITDA to XXXX slide last million quarter fiscal Please the flow year, X. $XX the activities compared the Cash year ago. million to XXXX for compared a $XX.X was year. adjusted million fiscal operating $XX.X was to
September from flow was cash $XXX.X year XXXX, compared million year. XX, activities ended $XXX.X to million the last For operating
and $XXX.X year. Company debt represents the ratio domestic and Again, the XX, million. million net the and was the March is by the during result less cash for million debt a credit of debt flow, million reduced by which $XX.X on fiscal quarter The fiscal fourth Company initial reduced the based Outstanding million $XX.X of million. during in continued cash fourth current the outstanding year. facility debt since $XX.X reduced net has As XXXX over million was debt. the Company’s $XXX outstanding for leverage September XXXX, operating Net debt, by $XX.X was outstanding strong quarter XXXX, at debt covenant our the XXXX fiscal further pandemic, $XXX.X quarter
During XXXX. leverage ratio year, reduced fiscal our net XX, at at the September from September current XXXX to XX, we debt X.X X.X
are our settling we retirement in addition, principal the In of domestic plans. benefit and defined process terminating
a During liability at year pension $XX.X the million from to $XXX.X year XXXX. XX, fiscal million XXXX, September significantly our declined ago
XX.X As we December principal in the expect quarter, decline settle at liability were this shares XXXX. XX, balance obligations the outstanding XX, million plan another first fiscal XXXX. U.S. significant by Approximately XXXX we September in
share During approximately the under purchased repurchase recent shares XXX,XXX quarter, the its Company program.
XXth The to stock. XX, a our concludes week will of under this since company. the December the September Company’s increased comment Company becoming the payable Company’s review, XX, the And dividend year, XXXX, per remaining our the November traded share increase quarterly of record consecutive on the This shares to approximately dividend stockholders now dividend authorization the and finally, common XX, shares. is the Joe annual XXXX. financial on operations. XXX,XXX approximately Board Company’s publicly X,XXX,XXX represents program. $X.XX had XXXX, For Company At This purchased
