the the good we day want clearly dawn communicate The be We gross and profit, that morning, metrics lies are you everyone. new return a of company, Solutions. you David, I'm new pleased on as ahead. capital. that as are for to to a that and flow adjusted the capture and and EBITDA, cash you milestones it's key can to track value can about say Thanks, launch growth our and Univar new metrics that with so excited
in I'd report also start to our our quarter. by acquisition. will leverage that, are Nexeo the from capture synergy we the with We overall, on pleased saying and like performance
to last progress it comes performance, and a of takes number financial year's and excited our achieved milestones in understand quarter successfully with to our overview. related about will through transaction of let that global When an that. from demand was we first the there in of you are markets it said, you But make David and our business performance. a first, end puts all date. to take this I to a It challenging me number underlying give As our quarter choppy difficult are quarter industrial markets.
improved dollars ratio. X% our grew expanded conversion our margin our we profit gross and However, by gross currency-neutral,
and by in segment. our decline EBITDA a was Am solid challenging in in Growth in our Our EMEA Canada continued and Lat and conditions U.S. business improved, however, offset significant performance we with segments, EMEA. USA in
was to capital, of much on flow and due quarter in steady cash lower strong the was return Our build at XX%. our a deployed net capital working
government are in I and X.Xx, capture the the of take through. the we the just This synergy $X.XX Nexeo long-time getting that a started acquisition, per was of a started. number Adjusted included from you saccharin quarter compared to a the charge year. ratio It quarter, disclosed of on integration of share loss for reported for U.S. Against was quarter dispute severance-related a to prior had that, that acquisition. onetime per a in GAAP we of $X.XX charge value loss import the net $X.XX first had share leverage Our costs. earnings XXXX and need we of between the share. costs related In previously business with the we $X.XX $X.XX With performance, share onetime and also settlement included get to per for let's per XXXX.
our the Growth year adjustment were year the currency-neutral was negatively million million, included XX%. the cost dollars in quarter contribution adjusted per X% minimal. adjustment to $X per unfavorably our X.X% of improving month the quarter a earnings margin FX legacy $X quarter in synergy million of and XX in previously and included first This in by Nexeo prior compared from basis product sequentially Nexeo share $X.XX Adjusted and gross USA favorable contribution increased from to points by and Chemicals market of impacted segment. a rate. million Gross in Adjusted to Prior share month result tax legacy impacted from EBITDA results increased was the XX million Our disclosed product sales by $X.XX FX first margin $XXX profit $XXX $XXX benefited business. $X.XX and expanded net the to the cost mix points was X quarter, of and more execution quarter force, benefit. higher basis Chemicals. of which X product onetime EBITDA in
X.X% USA our driven force margins EBITDA the improving sales segment. of and from mix in by contributions to favorable increased execution. as a changes product Nexeo Adjusted higher acquisition, Turning result
sales products year commodity the XX%. was as market, increased decreased overall, which percentage choppy, basis product XXX handling environment increased the grew demand of adjustment points than our like X.X%, costs, a points last sluggish, Excluding of lowered sequentially last XX which the declined With adjustment, healthy. the Outbound sales, credit basis XX while cost was and remains coatings them last cost bulk somewhat to impact excluding higher as still impact normalized Gross last basis sales first our EBITDA segment, in obvious our points keeping to year. the basis And the our in cost of but for flat year. year year, some to of quarter. is quarter reflecting product points with margin onetime volumes XX.X% last costs well the improving year's the execution XX lower compared the Organic product of ago. adjusted managed operating compared prior outliers, year. and the points, in basis We ratio the freight conversion XXX USA
to Our chains, of are product and legacy operations well flows, flows commercial integrating as combined. capture as actively financial and Nexeo product and synergies. teams supply data and Supplier, are legacy chain the being Univar supply customer
identity As the Solutions USA a holistically rapidly businesses. former looking the business premerger one as result, are losing our legacy and at are of we Univar
companies facilities well value-capture and trucks. our both For optimization is X example, is no separate from coming Supply separate of and an bought X chain in customers, from locations underway. exciting have longer previously, warehouse who deliveries overall effort part
chemicals cut Alberta sands to EBITDA factor market fell our Canada our markets in was growth XX% demand the energy government-directed as in in near-double-digit Canadian chemicals largest for in now industrial XX% softness currency-neutral as core production Adjusted chemical the from certain Canada. a bulk-commodity or The segment. oil drop in well Turning reflecting business. in significant despite
the quarter soft as demand continue absorb from the agriculture the during addition, was from conditions. In to excess market first drought stocks prior X-year growers
months, action not see April. to over decline in the have happen see improvement management prudent and management, an to are we in short-term results. coming We this cost With focused satisfied already our with and we the expect started
is the EBITDA in segment consecutive currency-neutral a that currency actions testament took EMEA and segment Our EMEA is macroeconomic and quarter adjusted change This of of XXnd our grew years for in impact and ago. restructuring the X%, environment. growth several strategy challenging the weakening EBITDA a we to excluding
system in be Our dollars profit more fluctuating using, EMEA, of equivalent basis along increased demand modern more XXX market with in gross expanded excluding strong impact local ingredients. force solid favorable legacy sales business to driven to Gross ERP agile distribution growth nimble mix currency and and points, margin X%, food by certain us most the had notably, chemical more focused and Nexeo what environment. product a allows industries, the in We and our is execution.
of ordering quarter, and boosted U.K. by EBITDA in adjusted about our holding million from customers we levels $X the that estimate first Brexit higher-than-normal the quarter inventory. During
expect this in will second We the benefit quarter. timing reverse
volumes navigate modest disciplined the Nexeo this segment, production We acquisition Brazilian our performance contributions Am improved were being were certain across by affecting of In period from of and product result demand shortages. soft conditions largely in chemical changing we Higher high markets. as industrial and spending strong our execution Brazilian from product uncertainty Lat through by and our industrial from lower offset ag business as the sales are mix, economic force with offset lower a prices EMEA. shortages
economic actions adopted that demand. the and industrial as conditions expect public-finance cost With ag our deteriorated of sluggish heads however, said, taken business. dampened year to the quarter in a the we've a a low through to governmental quarter seem Brazil the In vote conditions approach of uncertainty and wins business first quarter on to we new Mexico, the be as as country reforms. Brazilian into Our have wait-and-see customers result
the $XX our legal million, helped to now net we fund site cash the outflow quarter about expect were full and earning's guidance Cash to $XX working costs our our to in flow. last be Cash last $XX less capital the our provided Moving a expense out interest in to year, reducing $XXX cash closing transaction of million. due now taxes in was was settlement interest million sales that $XXX compared year. cash We from $XX around quarter the called the down in million. Change from year This which than operating lower of million. to taxes our news million. for million, prior cash now year-forecasted was $XX cash $XXX in We're release. million that quarter
our in of first quarter was the onetime acquisition, share the higher rate the due due cost While to reduced XX.X% Nexeo The higher per EPS rate our cost the adjusted to to is tax of effective in forecast adjusted cash tax of headwind prior quarter. $X.XX was and a earnings first quarter related per onetime for XX% was year than the the the timing to share.
will and said rate Underlying the for million year, the maintain $XX our as about last at expect to out grow year. XX% prior the during business the down capital unchanged rest quarter. were from our settle facilities of in and we year the taper the expenditures We quarter,
reducing when and we $XXX in and million, We this of excludes U.S. forecast and optimize facilities' will Univar full to occur $XXX previously our spending footprints onetime combine million CapEx that the year likely the now from the legacy legacy Nexeo are
million integration we Nexeo quarter, and of million related expensed fees $XX costs. of paid the of the acquisition During severance and transaction and to $XX
paid We over refinancing of were which capitalized debt financing. of will term $XX and be amortized also the million the fees,
capital, quality our the of which an earn continue underscores our to business. return on attractive We
Our of was last roughly year. first return the quarter assets on XX.X% from deployed unchanged
last ROIC, adjusted from sheet. Nexeo addition divided by reflecting down Our assets year, net deployed of balance defined income as was our time the under assets Chemicals' at just net XX%, deployed, this XX.X% to
and X.Xx, ROIC our was delevering below our near-term synergy-capture integration At to we increase will use and quarter execute as expect our of cash leverage Xx. our priority continue end, We plans. successfully to ratio is
million our due liquidity XXXX refinanced and our we in $X.X acquisition quarter, February, the with the of debt. XXXX ABL proceeds at we raised new a During down the gross debt of terms new complete using to In sale. in $XXX of X increase due facility later, $X.X the billion paid from favorable facility extend and month billion billion $X.X debt to the maturity plastics the
year. be to by expect December leverage approximately our to continue We X.Xx ratio this
Turning now to guidance.
generate continue $XXX $XXX of guidance compared $XX to Chemicals flow, XXXX, still lower to settlement of business expect and net impact settlement and cash EBITDA Nexeo million and to transaction the interest saccharin expected $XX in million For is of $XXX to taxes, lower the to $XXX cash capital offset integration in and inclusive The million we fees. estimated the earned earn million $XXX full onetime million the be in by cash expenditures. adjusted earnings to partly year. lower free year negative synergies. before from expect months million to We million approximately in prior This the realized includes XX
adjusted to second earned million, million realized as With you. dis-synergies the turn $XXX XXXX, between back quarter be bit million $XXX quarter in that, up to it I'll from to XXXX, and expect For expect the David, cost than a $XXX of the faster second we be EBITDA saves. of we
