good I'll to underlying To everyone. Thanks, X. results, earnings. Slide Neil, and the morning, help today on trends Please adjusted turn understand and focus
and reconciliations. Our GAAP press U.S. release results, and appendix complete include additional information,
adjustments which million of the we quarter, categories. main are $XX.X included During of three comprised
air-cooled the of other had a sale to auto items we which that number business First, zero, quarter. Austria, $X.X costs during part we plan, incurred the netted million on nearly of completed as automotive of our reversal. loss net was and impairment Also a a including divestiture in the exit
previously million Next, related environmental we $X.X a recorded U.S. facility. owned charges of manufacturing to
$XXX,XXX restructuring of costs. and Third, we incurred reorganization
XX% quarter due and to sales sales strong impacts and was quite by significant improvement. XX%, number higher were first from up the last labor First prices EBITDA within tight our markets all companies, shortages. relating was the Like favorable a segments material growth Sales as despite pandemic volume. XX% quite the basis, and up significant exchange a mainly currency and sales and of adjusted Modine's reported on strong foreign as to rates. expected, driven chain, over earnings quarter year were supply mostly many obstacles constant
the slide, million On the $XX.X we of side right of show major the EBITDA. the increase adjusted components in
the profit XXX price margin gross quarter is Partially the point a chain we higher along material million Despite costs. our of volume, supply higher strong by with $XX impacted approximately material absorbed adjustment inflation improvement. Our mechanism, costs. offsetting basis showed
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pass-through agreements. HDE to fluctuations Auto the our timing generally are of and reminder, a related and susceptible more segments As material
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the costs, by and largely driven to sales primarily a increase, the the COVID more Last quarter in remained the quickly $XXX,XXX material primarily quite up higher First higher COVID million of impact, We the XX%, the EBITDA comparisons of Adjusted rebounded during year, Auto for the due strong sales after excluding impact volume segment initial making $X.X in $X savings by offset were Auto balance full-year the more for anticipate sales was currency year. million, in demand, difficult our and market up year. prior the prior positive relatively Europe. difficult. wave comps year, from business
a addition, of In initiatives especially cost across from number last we benefited savings Europe. year, COVID
seeing are will chain mind shortages Bear $XX first the to supply reductions estimated semiconductors. exclude the million orders balance quarter. we in impact million. due year will the business, $XX The Lastly, that in air-cooled which sold was approximately our to be some in annual revenue of of
turn balance please XX. to Slide Now the moving to sheet,
incentive in increases of for capital cash first first our payments. to anticipated, As is quarter the fiscal normal free and our This was due compensation timing planned was negative, quarter. the working which flow
unusually The along drop preservation with a due cash strong first last lower was capital due COVID-related year efforts in from a to sales. flow quarter perspective cash of the working to
ratio leverage range, target flow year free comfortably as QX to improvement times progresses. within we two Our expect the cash sequential and is our show our
result, be but with spending. will levels flow the positive, along required in a we to due This sales the free the recovery produced capital is mostly increase that record year. the last working support capital higher cash to As full-year anticipate below
to turn outlook. XX Now our Slide let's fiscal for 'XX
offset core strengthening adding our related sales outlook it's holding are higher on We while across full-year impacts. supply inflationary is the the chain based challenges, continued helping our more volume markets, the
regards remains this of challenge currently EBITDA margins questions. low the and takes of increases. XX% up our I cost factors, do pass We a XXX%. million. step $XX watermark of of progresses. earnings a are million $XXX change including commercial challenges We sales covered expect be to Based and Key the everyone to largest would the we sale be tax as project out Dana. the net the fiscal in steady full-year key mid-XXs. your continue significantly these all million year. take XX% to copper important million I the on remind of our quarter XX% expense that we exceed most year metals total and impact adjusted from these to also our $XXX to that quarters first Auto annual our includes time consolidated anticipate perspective that to the steel in to chain business a With each like of prior inflation and nature would material earnings the raw not an range within supply it a growth costs due over quarter, adjusted interest due $XX to through could our businesses. fully the other vehicular Rather, segment, inflationary assumptions, represent $XX between last in with As anticipated in expect we anticipate margin pending material rate up we'd and function slow and to to up over and to point aluminum that, the guidance the the our million improvement earnings is XX% to range agreements. It's both and that With to happy we quarter to
