the Doug, review also fourth and Thanks, XXXX, and and financial I'll results first quarter our I'll an morning, for full year outlook for provide good everyone. quarter. the
and over how the announced the Doug back our reorganization perspective Following my on hand discuss remarks, to some we're viewing to I'll newly give additional call year ahead.
results. let's to turn Now, financial our
mentioned, Doug driven higher to had million, year. year strong were challenging primarily a otherwise a of sales higher currency $XX $XXX Fourth finish an basis, X% As constant on by quarter we million last and pricing. XX% above
well offset was China, Western overall limitations sales severe shipping were weather across as as cold from end Our weakness production our as flat U.S. strength Europe by in and markets in relatively consumer-oriented volumes and the
minerals destocking PCC and customers quarter in late some our experienced also specialty the U.S. by processed inventory We
we lower higher the into highest shows income expectation the than the quarter, volume left was noted, income as on bottom costs. as million inflation all operating the our quarter Fourth going which we operating primarily was energy and the pressures of sales bridge absorbed year. in production to quarter, experienced I due level well freight, The $XX
we benefit a this favorable $XX of higher quarter. offset versus cost inflationary increase cost While million entire the we price pricing, expected more with
over pricing cost We we the our that costs have additional quarter actions to further absorbed to the in benefit coming quarters. we versus the expect price recover and expand
in The production associated the with higher is in as due to China. shutdowns COVID-related the unfavorable mining costs production costs weather in the and as well other severe U.S., bridge
full had as other year impact you'll fourth bridge, year in full events category cost see income As quarter significant well. the on a operating our these
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the inflation Our by for $XX pricing pricing full that actions year. Recall in we that was million the XXXX, our year. that behind inflationary exceeded costs $XX million absorbed approximately
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could percentage the accelerate catch margin the inflation. We have first half second of and that on half, pricing timeline on place in pace the up the for by basis a of actions depending year to sufficient
operating perspective, approximately of income earnings growth was year an our From share per improvement. worth $X.XX full EPS
ended compared driven foreign $X.XX up to items, However, prior in below full exchange at primarily year $X.XX of due higher $X.XX line and year expense. to by the unfavorable interest EPS the
with X% the sales Now Products prior Fourth quarter $XXX in were driven Concept edible and Metalcasting oil Specialty beginning X% acquisition X%, more care let's grew Pet above Care Household, of detail, in and Performance in Materials. segments review by Sales were the million, sales lower. year. Personal growth personal and purification.
by compared shutdowns. year. bonds experience business This was green in and restrictions last strong demand than sand North China, COVID-related offset America, growth sales were volumes sales lower in where impacted continue to where more We in XX% our grew to by
$XX significantly below for a reasons. and the our income few which million, was segment discrete Operating expectations was year for last
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in Heading had rebound the China. a slight into also we quarter, expected
our lower sequential at facilities COVID-related ended However, as well customers. restrictions and to our up volumes our of basis shutdowns on as some due a
higher Finally, volatile pet Turkey raw in freight for costs the energy (ph) European on costs resulted Sea our bulk significantly [landed] business. material in sea Black care and
costs. cover are increasing these We to prices higher
business in in contractual However, shipping of good benefit expect have cost through quarter, have pricing changes Sea second the of actions we take Therefore, a have the magnitude sold that most and same The Black this inventory. this effect on do we cost not lag. the the moderated, further our XX-day in higher news margins quarter. is rates pricing typically will and when first
volumes in on XX% rose sales higher And Metalcasting sales slow full increased as Care grew for acquisitions, and were Specialty sales $X.X Personal to Moving demand billion. and XX% year. by selling North strong products. X%, selling of higher Products driven consumer-oriented in levels strong Product America prices prices activity. XX% business Environmental and China. higher, to in continued Household, sales demand the Segment offset our higher project
for during income full worth year. offset Operating million, It's of year. inflationary cost the prior higher the $XXX noting was than pricing the million this year impacts that segment X% $XX actions with
the to impacts quarter, isolated ahead improvement experienced given the in we quarter. expect significant first the Looking fourth we
We mining and expect our improvement market inflationary effect quarter. and the business overall elements new Overall, expect the in first fourth segment the into to Meanwhile, processing income beginning normal returned for the than actions second, the facilities we fourth. in later approximately impacted in $X through with XX% the and by first and operating we to will quarter increase similar operations. our million that conditions China pricing now us take sequentially, are this quarter, moderation seeing higher cost for Metalcasting have
satellites for Specialty the versus of grew up XX% Minerals $XXX are sales the as the increased PCC and million, up sales starting business $XX.X Specialty million. review to price higher versus I'll prior new XX% prior segment. catch grew to with selling the prices. ramp contractual Minerals Fourth Operating adjustments inflationary increases. income cost quarter year on Next, in to this XX% year
higher driven markets satellites, additives specialty full lines consumer a strong in Turning XX% primarily to mineral product all America. and $XXX demand sales year, the selling prices million, for wide industrial North our across to and across continued increased by of new range
the the segment material and of of prior will the as inflation million with segment income inflation incurred catch slows. lower X% This of throughout significant improve and most $XX operating as contractual also up further is year. price energy year raw this the than our was mechanisms, margins pace Full which year,
due gas as fourth operating by effect activity the to into income relatively residential and are Europe first million the could levels. quarter, lower Looking the as expect adjustments today the to first we recovery that Overall, in to segment improve if we potential at China year in U.S. to the the U.S. in higher market expect conditions, expect the stay than rates similar they volatility winter January. and see the Despite XX% Europe construction demand electricity energy while in in price continue quarter. operating will months, is income for there increase And additional we approximately sequentially, this levels for part margin and well segment this in natural of $XXX around went
let's higher to execution costs. prior increased income Now up X%, laser sales XX% steel segment. Operating turn and quarter amid softer over the was by $XX reflecting year million, and Fourth higher conditions and Refractories prices to higher material sales. solid selling driven equipment energy market raw the
than Full in North strong, year the of Steel XXXX. with sales conditions utilization around higher first rates the in were year $XXX million, market XX% XX%. America half were
selling performance, higher driven in for second prices million, half to increased increasing utilization execution a XX% rates softened the XX%, business. laser above business closer new sales. strong equipment delivered and on this to level $XX with market contracts, a All by record income resulted operating Although the this conditions in
to quarter, increase we as Turning expect for conditions remain to million as operating expect segment $XXX laser pricing market additional by first to sequentially. equipment have the sales that we income Overall, sequentially, income we and improve well operating similar. this should adjustments
cost I'll capital balanced of shareholders. priorities liquidity balance net cash sheet returning -- our XXXX, sheet of our million I'll total and deployment operations, in were $XXX leverage growth to review now, investing In capital and year and our highlights. sustaining initiatives return the review finished high We Now, EBITDA. across balance X.Xx with savings and deployment
to XXXX, higher expect Looking on operations, cash capital from inflationary as begins impact our the working release. we to
first and sustain of continue and will be Our to flow use best to in high-performance ourselves cash maintain investing operations. our
and continue a of cash sheet net opportunities, use to strengthen will Xx portion in high-return our We both to And leverage to we EBITDA. around invest balance of inorganic. return organic our also flow will and target
in free Overall, We this for the capital flow our expect to range. $XXX cash capital level $XX of ensure provides times to test approximately economic governor always key assumptions And stress to increased for of the expenditures full assuming capital. of market year across deployment return uncertainty, in multiple we $XX testing to growth a million more prudent economic scenarios. normalized XXXX, million million, a stress
in Now let move the outlook Overall, issues. our for quarter, we first as we summarize much-improved for first some MTI, quarter. beyond the me a acute see performance
in conditions, to have up processing operating catching and on disruptions Specifically, the they operations our the back production. mining logistics are the and U.S. And are normal on rails mostly unwound.
and and pricing quarter inflationary through actions January, pricing effect have have sea contractual We've year. come inflationary had to and half several the freight adjustments expect in persist, take fourth most while costs pressures we first cost to through the the rates severe eased, And the more we energy Europe. namely of from
In from addition, the improvement business China in we expect modest late quarter. our first
to first and balanced consumer-oriented remain up quarter at than its we markets holding steel is expect Nevertheless, demand market for we more strength We and are year. through portfolio at entering and soft facing proving our beginning least. conditions softer additives experienced well. resilience And as our is products the last specialty construction of XXXX the
We the see of a markets quarter through strong most few first of end uncertainty. remaining our areas with
the fourth As XX% up million, we quarter. income first significantly $XX be million XX% to a to would a from result, operating $XX range which expect and to between increase quarter
provides Doug going Now, who better Doug? over levels are I'll and how of we performance our to enables of pass forward. it a to reorganization back share higher today view
