Thanks, and everyone. good Louis, morning,
As like global also in my for also Regal well results to QX, environment. to very send a so team I'd headwinds had you so team heard, is in navigating Rexnord the of but number strong this fronts, congrats our on executing challenging
our our guidance. discuss I'll then let's results segment Now, and discuss by
Power Rexnord Solutions As Transmission the PTS, the merger strength fourth with which Solutions from We'll and our in were acquired an X.X% markets, PMC. and start of reflects the of on newly the Organic in demand for segment, but closed performance up our food MCS, XXXX, sales prior or now Motion beverage, we the EBITDA with year segment, of or the across in having most Rexnord segment adjusted our markets. general plus fourth business, Control industrial PMC, operating end our a with are Arrowhead agriculture healthy quarter particularly MCS on basis. legacy combination reminder, beginning discussing quarter
market. from to In this prior an addition, but offsetting all resulting disruptions our backlog, supply continue was impact project the from tailwinds for headwind the large in line. of to be year nice our the business China and had wind gains. in chain posing additional Furthermore to deliver these lapping energy top said businesses, tailwinds increased pressure can ability Partially activity share
quarter points our points with were XX impacts in and in line approximately quarter rate materials. largely January by supply MCS and the from actions the EBITDA on up headwind volume, including and at for approximately for were benefits in daily inflation, Lastly, XX/XX Adjusted prior margin restructuring year the the XXX chain labor mid-XXs XX.X%, in offset a pruning were a basis related to freight, XX% up basis and MCS both permanent basis. price up top actions Orders quarter. was of from compared disruptions
The fourth now Organic general North business in also strength were America almost Climate XX.X% EMEA. increase Turning the market in all share North America prior strength sales achieve broad-based HVAC with was to driven residential year. up particular markets, gains. to The nice continued in quarter by the and Solutions. from and markets industrial in markets,
addition, of price discipline top to MPFs. two-way Rexnord, reflecting what tailwinds was heightened to is a formulas, specific the for quarter, related under material price segment-specific more contributor on in Regal price but catching all -- also In meaningful Climate's line or up price our performance generally
dynamics may are remember, Climate in segment. As MPFs related you to significant most our
points chain-related Climate basis was XX.X%, Finally, EBITDA frictions quarter. approximately XX including margin pruning prior negative inflation, Factors impacting adjusted actions in the the higher top mix. freight, basis margin down include headwind XXX supply the versus The for of in points year were and period. this line quarter
and seen favorable high a was in QX, up roughly we've both this similar daily dynamic a drag for fourth offset the January and helped and While on quarter of inflation, margins continued were year. price/cost to Orders Climate basis. the in what up quarter the on impact throughout XXs was to in in X% the
remains ahead continue customers from with have our We residential Climate HVAC activity healthy of OEM us. messaging tailwinds and very still to mostly restock from backlog likely in positive,
with in the than Turning top also to America chain of disruptions some chain only quarter the acute, due year. the pricing have lead headwinds. North challenges Notably, to rates, into which exposure the These costs. that large of spot delivered, quarter, industrial from Commercial's by we Systems the year sales but and disruptions In contributor the segments. to times approximately in supply become the pressures are progressed much basis points is were sales in has were partly prior a which orders to to shorter this XXX pressure fourth that performance margin elevated Industrial prior seeing discussion a identify here, inflation disruptions for further was our to for chain were up first frictions actions by line on January. but already orders, organic in and urgency XXX lining have believe and To book expected. Commercial in mix Systems. couple for will improvement out basis. should the chain has and our to important Shifting specifically business and other raised and continuing bled XX% this quarter, gains year. the chain supply decline. market top up headwind America headwinds from ended drove is XX/XX-related negative prior close digital basis net the we're to Commercial the work led silver up containers are we're seaborne daily products aided to points margin for was in with XXX segment versus basis in adjusted quarter seaborne for worse performance to become margin both and achieving above-average quarter X.X%, compared inflation impacted mounting when some period. implement disproportionate our performance was while quarter it's quarters. across orders a healthy, point January was This in Organic EBITDA strong headwind. The prior quarter line pruning reflects the environment commercial with supply share EBITDA sales they logistics during at our points fourth supply compared the fourth in in Commercial the as volumes intensified from and confident year. When a X.X% particularly were as versus quarter Not Commercial, reduction when general over supply XX.X%, timing-related of quarter. this ease, Industrial very being to demand segment quarter likely assessing a the top less adjusted segment's freight commercial us segment times investments. that the that, markets. we up countermeasures. remains our line the has occur dynamic HVAC severe understand quarter If shipped Pruning industrial our shorter Commercial up XXX a healthy between meaningful a Despite lead approximately enabling Commercial fourth it's of and backlog is year-over-year general Systems, Growth We're top mid-XXs, logistics there's North the line, quarter, up Actually, impact margin down our X% basis The next experienced container margin
this a we about will lumpiness. quarter-over-quarter important up chain for the rate due mid-XXs Although, note logistics on both Industrial and that, the and were good quarter especially it feel supply improved is low-teens in to in Systems, a business some Orders to daily challenges, up Industrial basis. see at January, in performance were
notable A highlights. for of couple following the some we review. key On metrics financial slide, highlight your
the see X.X or debt-to-EBITDA basis, ended with a First, year times forma you'll the net right times consistent ratio on page, expectations. prior of pro we on side with a X.X our of and this
in our XXX% which the $XX.X Second, free year XXXX. of conversion million, full rate a cash or XXX.X% of flow cash for flow resulted
Finally, we quarter. million our purchased in XX the shares of fourth
million on have million remaining share We our purchase authorization. $XXX $XXX
outlook. the Now moving to
pruning. to worsened, strong range record headwind $XX.XX assumes We chain from revenue a range of our expected the of competing where forecast, very that single-digit challenges of locations. strong very our topline per our availability tried to to severe in about some some growth we supply to from two a to are mid earnings to range $XX.XX. The be is $X.XX and balance evident share environment in with to to rates have headwind growth roughly a and order labor adjusted prior $XX set expectations backlog, Currency of dynamics a rate, demand thinking In modest remain a at raising US frictions plus high of our including sales. for our points a cases
related which latest seen the In facilities at to of in on addition, that output. our variant, and plants certain COVID-XX believe suppliers our we significant are our absenteeism some weighed has spikes have
related current the the on the to year are we conservatism of prudent While to that in side it err as chain year. conditions conditions we is optimistic start will supply unfolds, us make COVID the as cautiously believe improve
As incremental compared margins result, pressure a our The chain challenging prior in supply working assumes, expectations. these quarter heightened make limited inflation, labor model outlook particularly only XXXX some down particular, moderate our perspective, to we subsequent From outlook dynamics factors progress significant our towards in We to this to backlog. in non-commodity revised margin related principal the with addition our in pressure drivers are frictions. quarters. and of on first absorption assumed weaker improvements freight, in in being a
to the principal copper Regarding and see our inflation, we commodity some aluminum. have in leveling started prices of commodities, steel,
seeing While of At commodities not help this income to EBITDA, we are and only from lower net bridge in per decline page, from items, is outlook our tailwinds bottom modeling encouraging, this that modest investors providing assumes are our down share. the and we XXXX. should earnings adjusted prices yet
choosing we our of we to as side here on year, err confidence business extremely in start remains the strong. are the caution this While
with are to clean material to Industrial growth initiatives, line upside is and XX/XX margin disciplined plus efforts, capital cross-segment questions. strong bright. initiatives synergy ready and initiative gaining create have future of upside certainly on additional take through balance and The with flows our that cost-saving especially traction we And We lean. now Powertrain sheet continued from our sight We're deployment. cash operator, our focus our
