of and Okay. employees our Thanks, our recent I’m our pandemic quarter. you delivered for Yan. in We’ll page way generated have certainly three costs keeping our all downturn. and of imagine, have at teams start good the And economic while customers highlights safe, with on midst extraordinarily cash can We’ve exceptional the the second from flow, done with rates. executed pleased flexing the this record job as a
Our year, and results, certainly better for we important basis, continue an per on while expectations, share the were terms, investments a make off than QX in earnings to absolute of future. last $X.XX on basis, excludes acquisitions just announced. an of and basis which the to on $X.XX, and charges program adjusted related related and that we GAAP $X.XX divestitures to a restructuring $X.XX multiyear
Our down QX billion, revenues $X.X organically. XX% were
earnings was which volumes approximately call down June, QX April low let’s XX%. followed call, finish on and May digits. in better it, our then by down, was As slightly we relatively noted was double in This strong
single organic of Americas, in the in all amplification, just growth our In Asia, in of June. business digit point revenue low and Europe mean, maybe fact, I posted in the as a month electrical
our well of a our in controlling our downturn. Once better margins and really at the our very again, were businesses points teams XX%. once margins are economic indication XX.X%, elements of XX%, guidance done face in resilient this so from than good control. were of that down how again, X QX, Segment pandemic decremental points basis and remaining our XXX the are have within And electrical
could impacted. - multiyear recognizing a certainly, pro sure including details we some those looking where vehicle North be end announced long and in light a few oil on gas, what including XX. structural European our America in However, program and have reduce recovery, could $XXX Class they’re targeted markets, these for program aerospace, you X of markets, commercial of this $XXX in are call costs but more and QX. I’ll and provide on a that certainly actions slow charge highly a restructuring million These and markets NAFTA million, been truck will businesses page covered at minutes,
billion, do well. reaffirm to $X.X to converting cash flow, to and operating was and gives and other guidance billion $X.X cash the highlight our teams free a The of both really free for us continue cash on in midpoint quarter flow $X.X was clear of great flow our ability million so of billion cash as strong $XXX which the results million, $XXX which very
certainly, about Finally, We just that we state sustainability and to it as of four. Eaton, company, sustainability. page the of be order the our XXXX made goals. the improve To the our to at I in means of the show it most context it, which our environment. mission. and really on talk an is framework do within quality being in mission the core of at life how commitment strategic you sustainability broader simply would And quarter regarding announcement important the to helpful announcement put sustainability know, fits thought during this we to you
creating our efficient safe, value if sustainable fact, think solutions, call you solutions. built let’s of around all reliable with and they’re about In propositions them customers,
opportunities includes emissions that business over products in and help so And our and our as to a year efforts upstream for we’ve environment sustainable installed We growth meaningful against think Eaton support it, from is products to This base XX%. $X their by environment leadership should XX believe And customers say, place to a billion this are extent, of we for role. the out play solve Eaton. time. the it’s this R&D oftentimes reducing goals. really investing objective, certainly we what’s that value for our we think presents to customers, create laid also create good plans of where sources good fundamental some as we about to how this Sustainability, period include
important Since of Just of and science-based By also with a we in part reduced our energy we now greenhouse where is overall of gas secular our capitalizing really think reduction gas have basis. certainly XX% XXXX growth to around emissions and targets company we some fits deliver sure, of give electrification, for to of really XXXX, to on greenhouse maybe XXXX Sustainability for also XXXX how our absolute Sustainability, the committed targets. run day-to-day across Eaton track by is emissions businesses we’re an this you we trends tell XX%, from levels. our on achieve strategy. on all you, an I about example transition.
we’ll operations to carbon achieve to delivering including of solutions. target energy our initiatives, as that XXXX, as combination sourcing as storage in all such our through electricity We’re optimize renewable also offsets, of of reforestation, a be committed well a carbon-neutral by continue
goal. to continue that’s this will workforce to so of that goals, have on this difference, a these finally, think so be and pretty for obviously the large to overall. we we about work building making set a and passionate that a to comprehensive And we engaged plans company continue achieve priority XXXX have deliver will And
and for convert think it that And such is company. going just that turn an we hopefully, accelerated a initiative and why on terms in growth context Eaton of we’re so for provides how important into little sustainability to the
I’d our and of on results, summarize couple page. things five, page noticed financial QX this to a turning Now we
First, had also of This negative we was and acquisitions, more divestitures by at remind to X%. this we divestitures forecast impact now you it and by quarter restructuring these of that I’d acquisitions increased because sales we’d also level. rather And we recognize easier that the offset segment by your by currency than X% onetime related from X%. did without make than charges hope all volatility you impact the corporate types do charges. at it would comes with the for to segment negative
were the X% lighting small business margins show Next XX% of organic Operating negative X%. of impact of from was currency of margins by and but our up combination revenue, impacted in the on we in of as impact points teams certainly impact to margin really favorably a and resulted also the counter this divestiture did our from a economic the very results great XXX a the XX.X% basis to Lighting, page XX%. Electrical costs six, XX%, these down divestiture primarily COVID-XX. Americas, decline revenues increased controlling impact for performance job well M&A, and a of decremental This strong
were rolling you be you backlog, So were but increased And lastly, this data on and strong. residential XX-month here, of up And highly prove XX-month X% centers. a with bookings basis, note at actually data also and look in look our remained last utility orders center resilient margins, XX% They at orders basis. strength year. our some up continues orders segment when on and versus X.X% when to to rolling a
but very declines basis headwind and most Turning coming, our decline and decremental here X% a with to XX% on in as in the significant managed, to industrial in page margins have Orders some Revenues markets. revenues XX% well points, X.X% XX% Global at you oil global were we seven, segment. gas respectable would coming declined organic rolling margins of a the and declined Operating also Electrical from for in and results markets here were basis XX-month very down with XXX expect, XX%. currency.
So we with increased year-over-year our for strength saw to on Electrical eight, an backlog On we unexpected X% weakness. page not summarize Global lastly, our result basis. respect a Hydraulics segment. And and where
decline this and and were driven by a XX% both. weakness with margins a distributor down the OEMs the currency both and in were for XX.X% orders and was X% revenues quarter QX, channel, really X%, Operating impact. XX% For down year-over-year, were organically
additions excited QX both this expect about can is and remains work to Orders XX% markets weakness the and Danfoss the to the with to continue in organization And commercial however, really, completing The due our from though, would the were demand, also significant and the dilutive XX% imagine, that OEM also We everyone in quarter, acquisition declined tell the year-over-year end growth, here as impact, the approvals. at this impacting COVID-XX passenger X% declined of of page you regulatory sales, the on closing of regulatory delay, and due of the results for I are had aftermarket the with Danfoss down business. closely the of you, in customary a noting, to with but is particular owning do, close We you Operating XX.X% you XX-month commercial margins. a next XX-month impacted nine, on Soria. aftermarket, organic our a Certainly, up year. the and summarize I declined approvals the grappling XX%, that orders Backlog impact XX.X% Soria overall. we Aerospace the basis, certainly aerospace worth on expect. was tell transaction military understands, expect would X% rolling rolling as impacting as business that of with some which offset by segment. increase Revenues in to negative lower pace we would it aftermarket. the On for OEM margins a acquisition declines is has basis. and now
of confident while some term order steps meantime. do taking margins we’re needed this to the context we here, attractiveness what long-term the manage the and in kind of position do certainly as our market, business we the future, dislocation to we in to in maybe certainly for near a aerospace about need we’ll remain think and Just this
segment. XX%, for declined summarize which Next, on the page organic. we of Revenues XX% our XX, was results Vehicle
bit this in one, extended between the April resulted In to OEM was X%, sales currency. really divestiture which in lower X March, of again, and really the month ranged light which vehicle weeks. as say, COVID-XX, began, into it’s on decrease automotive and the impacted X continued production organic weakness X of shutdowns driven due that had revenues OEMs let’s color shutdowns, throughout most X% I’d by business, production. commercial occurred conveyance addition QX, widespread really a The to in Once as say, had shutdowns light by, Class impact which These plant negative fluid little well during customer more on we in late and mid-May.
business certainly sudden of reduction QX. margins almost build were production the a second in down job for XXXX. a was XX% of in in many back this great do be quarter, down recovery. this margin business now again Class but certainly down led decremental light and would for delivered now we XXX production in be of half, much XX%. X customers XXX, so a expect and shut the from in NAFTA to tremendous of our to our This I our the XXX,XXX needed, despite reduction decrementals production from Not surprisingly, And in is down to We but production market and Class better and But the Global vehicle well OEM operating XX% down project market beginning XX% has second come managing positioned and half participate negative this OEM online. once revenue, QX add, reduction slightly prior units, conditions done forecast X.X%. to from year, which steep is units some will X still was respectable
expenditure. Revenues to in engine of again, X.X%, of combustion And organic, and due excuse the XX, ongoing we segment. in were of negative increase once have internal particular all me, XX%, which Moving margins organic was to operating legacy weakness margins primarily the eMobility R&D negative page X.X%, our platforms. volumes down lower
about to nothing upward seen have And continue for business. the penetration frankly the potential electric vehicles. long-term quite by enthused, of the be in the of We way, the expectation revisions but
think will And long so term. that we still attractive a very be market
wins our OEM, again very strength truck of of technology idea leveraging this positioned creating, had A in well recent a with electric power example that business. common We’re becoming more electrical is everything a $XX once the of the we’re that for program major truck good we’ve platforms one the commercial export for million core customer. inverter with the
value we accelerate well our accelerate part, of On million positioned in to a programs we’ve content, that the revenue. and won our we pulling and mature more the aspect page year I’d approximately actions segment in $XXX through again because every plans have ideas of we’re growth. our participate particular once show with business, to expand would restructuring of almost for electrical most number details forward And a XX, so of there’s that Overall, and, say, of we’re the I say done anyway. restructuring this
the XXXX. in have $XXX a also restructuring noted, eliminate additional see structural cost we million million we’ve Given pandemic, million and and projects. take more to of greater and announced costs, through to naturally of the charges implications expect $XXX of capacity designed We realized of we these economic to we multiyear the sense on program, as $XX QX, urgency taken
vehicle three $XX charges in XXXX QX year, in do gas And expect realize page revenues on serving material more electrical the we’d aerospace XXXX. sector, fully implemented, emphasis focused those QX global oil year. our can one additional are markets we a and markets million for we while our $XXX would We is QX, to business XX, next are half years, these businesses, we benefits our and once $X versus Just million particularly is the million XXXX. impacted thirds these to what our end that this our really on those in we’ll report expect will that actions be principally and an industrial of severely a through turning realized versus and in from and these second some you provide the And this stronger segment. year. deliver of outlook remaining all think over with million we’re the year to best costs they’re pandemic. on within than year-over-year of $XX of Approximately characterize last to third dollars, Naturally, two last full by then is that electrical look imagine in implementation businesses
down X%, in expect For strength X% between and so we Americas, utility Electrical organic offsetting centers, residential data be in weakness with industrial to revenue essentially markets. flat up
Global, and and Pacific decline the XX%, center organic Asia revenues XX% gas market. Electrical strength view is current by and will data between with markets, our in and Europe oil once declines For offset in in again
by will and revenues in commercial strength For XX%, the between in And aerospace, vehicle, we really all down decline continued declines revenues significant XX% we expect for XX%. markets. of and organic be with will military, offset project XX% between
these XX%. significantly Hydraulics, engine are absolute between still eMobility, and but we markets be declines And will QX. XX%, pressured will So very lastly, expect markets from and in for internal between down platforms. again, XX% up once XX% from terms, legacy combustion of weak be for markets think we And
in For and are which Eaton still versus so overall, XX% markets still QX decline. revenues in we’re QX, be absolute down an improvement estimating to was some between XX%. But XX%, down terms, and
be July, provide to full But commentary to XX% at does QX, best of impact dealing various many the with of regions the for we revenues we uncertainty where in low QX in still include its of wave not pandemic what full revenue know guidance we around US We’ve digit we QX given and provide the and declines. pandemic of about around a you organic saw as on ongoing so and year. barring of the are be guidance some do our should growth world pandemic, this on between period page QX. expect trough revenue XX%. And for really the are Moving [ph] look seeing better than second elected living are organic the We the year uncertainty. XX, of we l QX still here in cases a we and to to the kind for QX decline aware, markets the and still will declines, number in the we think this double and
XX%. billion guidance, year, and range this be QX our XX% our rate our XX%. maintaining free between was for And We're restructuring free the we and QX, on full expect XX% margins to that decremental adjusted cash of and the - I prior we $X.X of For flow between impact we earnings expect XXXX multi-year And now note fact, guidance. announced, program that not would include range billion. $X.X to in related to that does, and in the tax
our around generated free this to a XX% the so and deliver tend of half, number, flow is bit some our you first be half-loaded. we ability comfort midpoint back years, X point do give guidance, last very that's to in As reference, our we and with consistent in our some of $X.X cash performance this billion to number the a over just
We’re billion the providing repurchasing $X.X share for billion QX new for we recall and of that sale. between of with we’re in the lighting $X.X and year. And billion saying X proceeds the guidance buybacks, - shares
and deliver continue plan $XXX company, free we back million maybe half trends, blended the power. them and direction an management electrification, and organization. talked we doing what like takes here and between goals continue IoT headed our to the to the one, just to on summarized pandemic, of associated buy the transition, We finally, with on and focused strategic term $XXX of and shares that connectivity effectively in company now that and intelligent the laid we Number to remain challenges growth XX. million are the And power once secular we back say kind we've broader York, inside we page meeting move New flow, cash of energy strong again our also just we’ve as in where of in strategy bring being continue we're term important and to manage an we here financial it and will that out company advantage short broader becoming as but we the in ensuring through longer And to about year. of
despite are creating better to cycles, higher much through better So and place temporary be. these we’re that's whatever growth right so, working to By and hiccups on growth. long-term various earnings better trends we’re margins consistency. a the we continuing going secular And is deliver think experiencing, doing company with
we year includes margins, of and long-term cash goals And It flow. XX% to changed. it growth cash atop we’ll investing top not a growth by disciplined to delivering $X have organic growth, disciplined flow, segment then be X% X% how an acquirer. free organic our in dividends, billion continue deploy and Our our with X% share to strong X% program EPS managing in quartile buyback being focused actively a portfolio while as priority, of ongoing
So we Yan. back well. Eaton that, it continue you with I'll to turn by hope remain I story. And the to excited are as
