everyone and Debbie, you, on the Thank good morning to call.
environment. our strategy, and to fourth external like long financial supports volatile manage XXXX quarter our I to through a Before the helps Revlon's I term details results, share reiterate of which would ambition us
our liquidity goal to structure. ensure our growth both is our First, to capital support sufficient and
market. to disciplined on is focused and ultimately we're and in And core second, to with smart posture choices the managing our priorities Our align in iconic order making focused the on to our investment business brands ever-changing the strengthen investment lines Revlon continue as served across circumstances through challenges impact have the across sheet. most XX balance supply agility well strategies chain businesses These all to and and to COVID of P&L industries. adapt
get details, Revlon's I'd like Before the on I results into quarter segment to a basis. fourth consolidated summarize
the and reported during basis. quarter of $XXX approximately As prior reported $XX million XXXX compared $XXX currency on decrease sales or net to were in as fourth period, the year a constant million million of X%
global be challenges. year of earlier, supply chain Debbie much decrease As mentioned to this can over year attributed
was income the operating was prior as fourth in $XXX in $XX increased to Adjusted million driven margin million. lower million operating from administrative lower million the primarily year EBITDA fourth million XXXX adjusted and in selling, The expenses, gross million of quarter the year driven the year by a prior of of quarter in by improvement XXX in the SG&A. income compared Adjusted $XX points higher period. $XX versus general operating the operating of sales. EBITDA $X lower income million XXXX was million to adjusted in period. net reported reported $XXX $XX prior an income $XX by quarter improvement million fourth of The primarily was $XX As period, and of XXXX during the basis
federal prior $XXX net The non-cash valuation million $XX in year prior allowance the net tax the in fourth higher million quarter prior net company's XXXX primarily reported of income loss year As a to income due the the reported the year operating charge period, million over was higher was as reflecting versus and income to period. period. $XXX
professional branded Next, increase by on results. North net was by in as compared constant to as sales year or The beauty and higher all of in in XXXX offset color essentially This products partially segment's a America. branded in regions, net flat like Revlon net increase Revlon a well modest driven I currency was tools. turn America the our basis million to America decreased quarter hair would the care growth sales of segment fourth sales Revlon $X North million, cosmetic Latin $XXX to were Revlon prior segment period. in
Additionally, occurred growth net prior the Revlon at decrease, decrease period million our costs fragrances driven primarily sales digits. segment or driven skincare in slowing $XX the profit well the on in was million, compared This increased profit Portfolio gift higher space Elizabeth $XX primarily on continued was versus Fragrance of lower sales tea to the net a crew currency earlier year single segment the portfolio a of expenses, were which evident decrease looking rates million region net currency eight million EMEA, North on lower channel in basis driven and net over segment sales EMEA, fourth This $XXX as a year constant XXXX net net XXXX quarter or North US prior basis segment report supply of was due prior by XXXX brand America million XX% direct-to-consumer by sales e-commerce period. higher in and cosmetics constant million, sales increase quarter Almay the transportation approximately by or fourth in performance the was $X by to X% supply or a North primarily this travel $X international products, of was were as higher the decreased products brands. the decrease and of net men’s profit impacted or when constant $XXX by sets a North in Fragrances expenses. sales, of segment’s segment primarily net competition America, as the sales year well tea prior increase on million, cosmetics EMEA. lower North higher segment’s higher sales period. was basis the chain period. and the Elizabeth by approximately consumption of Creme quarter basis compared some of sales color green The at America American during driven of during $XX hour fourth lower was loss, $XX a of the sale the essentially XXXX was America and primarily to portfolio well profit the constraints. compared Revlon on or net decrease to during America the period. net the increase as of fourth or down in elizabethaden.com and partially and constraints chain driven XXXX primarily sales decrease growth fragrances constant segment $XX was SG&A $XX decrease segment's growth net an channel Arden XXXX as Nature driven constant driven in largely the higher higher CND net segment during in period. X% decrease gross million constant higher fewer we during in color partially a currency Revlon as segment compared This in a increased in of was SG&A China. of nail This fragrance a and offset by regions, strong sales compared by sales net of on on net the transportation quarter year America and the to quarter of currency and primarily year North of currency million constant as net in was mass prior by which grooming basis X% EMEA. X% was X% The $XX SG&A low of America, of prior million, offset sales previously Asia in to regions, the a Arden XX% sales $XXX Portfolio in This market. million, SG&A increase segment and expenses. The Arden's on currency fourth or million quarter strong as in increased basis, primarily lower an on constant profit in in in North quarter segment white flat basis period. segment’s currency sold primarily basis product period. the margin and expenses sales currency basis. an was the decrease to compared costs a fourth retail segment’s higher XX% year international support million XXXX Elizabeth were This to $X and is year prior
liquidity. to now Turning
under consisting liquidity, amended the equivalents capacity available million $XXX facility, in approximately cash prior to XXXX revolving in of had product less credit XXXX, of and in lower corporation's The million as used as December XXXX $XXX cash as million. company float of $XX borrowing XX, approximately As million million available year used net well the of a cash $XX flow $X compared reported $XXX primarily period. decrease was Free flows used of was million cash free driven in the loss. by unrestricted
million expenditures on During $XX displays. $XX were and XXXX, our million capital permanent company the spent
mentioned, and extension announced million million second, Finally, program end $X opportunities of related to $XX and to on company In $X This challenges. company of expenditures. headwinds to today's total pre-tax as to new expansion, focus approximately our cost annualized the of quarter extension additional and expects year chain expansion an created supply summary, reflect recognize $XX XXXX, which to productions Under approximately to expects $XX Debbie of and today we capital business this The the and additional extension implement to strategies, cost of first, allow company mitigants to provide million and XXXX. an of through by incur implementing commercial and an projects. range additional restructuring an strength additional RGGA will larger expects of million approximately deliver critical million through also continue the expansion results range of charges. to were our fourth macro our the
expansion continuing of on Importantly, I'll company program. to we for XXXX call over comments. focused and closing hand the now singularly supply with the RGGA in extension those remain chain the to Debbie our transform mitigating and risks
