Third-quarter operating profit of $82 million increased $47 million and adjusted operating profit of $131 million increased $64 million from the prior-year quarter. Adjusted operating profit improvement was influenced by a one-time $80 million charge for a restructuring reserve and asset impairments recorded in third quarter 2020. The remaining $16 million reduction in adjusted operating profit was primarily driven by a $40 million year-over-year headwind from net material and freight inflation offset by $15 million net fixed cost reductions and a $10 million flowthrough benefit from higher organic sales. The company said that supply chain issues have continued to accelerate in the third quarter and no improvement is expected in the fourth quarter, although pricing response continues to "meaningfully increase sequentially each quarter", and Vertiv anticipates another sequential increase in the fourth quarter.