of diluted on the adjusted of share million #X. fourth The to $X.XX Slide income net Bill, net quarter or income or Andersons fourth compares $XX Thanks, $X.XX everyone.
We're $XX This to turning XXXX, the and per of net diluted to income million share. now our good quarter reported per results million company quarter Industrial morning, XXXX. attributable and the and or In adjusted we diluted in primarily share lower gross XXXX.
Overall, showed of recognized in below per by fourth Renewables, $XXX crush $XX of the & $XX gross Trade $X.XX profit million margins. arising increases, Nutrient profit of a in million board million fourth offset was of just from reduction $XXX quarter
quarter quarter effective gross to quarter $XXX adjusted from For decreased also lower profit Full the for XXXX.
We was due year rate ethanol XXXX. the recorded the X% XX%. million a full $XXX to million, for the full in year to taxes fourth and margins.
Adjusted compared of $XXX at primarily in million XX% XXXX, fourth tax year, at of compared for was million million EBITDA $XXX the $XXX EBITDA in $XXX million
Our effective each the varies quarter tax non-controlling based amount of on attributable to interests. income rate primarily
In addition, which of to cellulosic portion in benefit federal credits, XXXX, of related ethanol. we production received tax significant a the the of
operations and to from Full Now flow changes working review compared to generated $XXX of quarter flow liquidity. generation $XXX we'll cash XXXX. We move focus capital in management, working continued fourth This in commodity capital $XXX million million Slide million million flows year a to our in before resulted on in cash with XXXX X to prices combined compared XXXX. cash position million. our was $XXX in and cash $XXX year-end lower of flow strong cash
the increase short-term a sheet. on consolidation Our due to balance debt Grain Skyland our of modest reflects
turn and to X let's Next long-term review to debt. Slide spending capital
to We $XXX in at investments, spending line practical continue our year. approach with take and which to expectations and for were the million disciplined capital a
Our even Grain. addition debt-to-EBITDA stated debt Skyland X.Xx, long-term less is long-term by held still X.Xx, the well our below of ratio target of with than
a internal balance evaluate support criteria. and projects that strong and that will investments financial have to meet our acquisitions strategic various and sheet growth continue We
Trade and XXXX. on move income million record million pretax segments, pretax of Slide we'll pretax our Now income of each a review $XX compared fourth to to Trade $XX #X. quarter reported income of adjusted beginning on of adjusted in with
harvest. fourth good The where the the strong Premium recently, earnings. Ingredients to able quality from much quarter weren't with with a early after good have elevation a Because margins and of income had of received, space year-over-year solid assets we business, grain mixing had increased grain blending. invested Eastern as and quarter and Our robust we benefit we an
quarter was portfolio completed $XX million $XXX was From are delivered growth improved merchandising EBITDA the full fourth limited million to in XXXX. $XX of XX% well. in in $XXX Trade's investment in Adjusted markets. EBITDA progressing XXXX the the million compared activities we performance the perspective, despite mid-quarter a quarter integration year grain XXXX. million volatility Our for the also adjusted Skyland EBITDA compared adjusted in and for of to
X. another quarter pretax to Outstanding to operating in compared attributable of generated ethanol production. million ethanol fourth income $XX of the performance $XX company Slide plants X Moving record in quarter Renewables to resulted million XXXX. in our
year, impact the market increased lower full quarter XXXX merchandised fourth the million $XX and offset co-products values. for in ethanol $XX compared could However, quarter of the of XXXX. and values to fourth million in co-products of of EBITDA of lower Renewables quarter both Volumes not in resulted earnings. but the of lower had the
the XXXX. $XXX XXXX year, million in of in $XXX For adjusted EBITDA Renewables million compared to full generated
the $XX $X business to income quarter XXXX. Turning million, from Manufactured fourth adjusted declined limited Industrial product pretax increased XXXX. volume just fourth EBITDA due fourth farmer to quarter slight quarter XX. & Industrial's increase was margin above the in Nutrient reported The quarter volumes which & of products the of and for million, quarter, while Slide was engagement. agricultural sales a Nutrient of adjusted the
million million $XX to in XXXX. full of EBITDA adjusted EBITDA year, Nutrient of $XX the For compared & Industrial recorded
that unlocking to Next, we'll X support to look organized results This an cross-functional further operational align The shifted the operate the the focus Trade and announced a currently substantially continue Renewables under at in businesses businesses Agribusiness move Nutrient will growth. December, to on will reporting across beginning In designed what would in the segments. reported format XXXX will have efficiency, focus operating This been enhance reporting on XXXX. growth. Company's our a we and change in segment as and was enhanced new segment. to and early use achieve streamline collaboration segment new value with we structure are have our way we
the We this of starting our will new quarter begin this in reporting results structure year. under first
XX As results been forma things of structure our back to over the changes, for Slide full in about to early I'll provides a had place year as pro Bill if comments that for these some XXXX.
And turn preview with outlook. XXXX that,
