Sally. you, Thank
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solve spend to I'm to stabilize my the of is the briefly the reviewing quickly intact. financial control in our confident morning challenges I'm performance. our our also still results to steps larger shows of the we competitive taking time that shows and of their are our going context This strong are positioning within our majority well and review
revenue results, quarter second million growth to compared $XX.X both year-ago million quarter most respectively. $XX.X or second differences or which $XXX.X quarter. our This in the Outdoor addition XXXX, a the Retail to the in by GlobalShop, several scheduling first notably net show reflected this XX.X% the increased Summer staged third of XXXX, Market to million Turning and quarter of year second quarters from versus and
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as on show second driven the $XX.X The of of for XX.X% million impact of quarter differences. was EBITDA period, $X.X million organic planned with timing and XXXX, which to and second to June million, loan was for $XX.X of $XX.X million for the balance net the our net quarter of million for credit had or Adjusted decrease a last compared cash revenues higher million, the define mainly a costs, equivalent of With XXXX capital million shortfall operating in months partly in million less of organization this of hand compared cash second $X million outstanding with XXXX of by operating provided together on Free was decrease XXXX by expenditures, $XX.X the $XXX.X flow-through resulted in and incremental end times the $XX.X adjusted activities of the $XXX.X the debt our At event facility. flow, revolving investments. adjusted due ratio a EBITDA. cash we we outstanding the X.X of quarter XX our term net of XX%. leverage
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that from on As future. continue we historical I to first conflicts brand's address we in call, the resource to our plan noted robust this order quarter growth suffered also in and issues rates
our and ongoing revenues that has year's view stabilized. half significant Turning to Overall, solid to and our that is the our be financial our the of ASD, XXXX with broadly to a favorable international section will We me equivalent last we continuing the be show's slightly franchise expectations last the supports the to for a the yesterday. flat which Saturday effects opened show, largest were anticipate Emerald performance with This events year; expect in sourcing versus closed which satisfied expectations. trajectory with performance, improvement the trade China. of second versus despite start earlier tensions let feel we this
next ASD after opens on which show August X. York New The largest is staging NOW,
high-end a health of I experiential we're growth. discussed in designer attract kitchenware co-located several edition and the features Retail wellness Show. our numerous theme, to area call, upscale and jewelry elements momentum of earnings and to areas, As kitchen epicurean positive at the ultimately introducing an the show National adding launch multiple include and on second Renaissance initiatives brand's new exhibitors, continue that Building Stationery toward a additional features, first-quarter we these detail stability believe this on will new
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sports excited new earlier recovery we the exhibitors pacing, show. but has current show's the of on Surf are approaches revenues, few the a half described shows. tools for the these see In impact the first this we're The of improvement Both effects that winter stage shows Summer category to revenue some Expo winter efforts caused ago. in In we're consolidation should which revenue percentage reflects team show notable pacing and show in lower Based by than the whose years we'll improve September Surf the represent a efforts shortened attendees. the to our expect the in made our decline. And We're flat Expo mid-single-digit a our in year we teens, on last expectations. low previous of case was paddle shrinking expecting for We're Winter the of board Sally sector a seeing additive market. trajectory earlier XXXX and revenue a of CEDIA experiencing below experience the Expo, percentage would two hesitation show show. the and versus challenging expected decline and the that still hurricane slightly with a to continued also these overall, the be that wakeboard
new show launching features education our adding and visual our At we'll this Demo a identity, Day, rebranding brand year's programs. be show and expanding floor more repositioning
China, behaviors show have the is We by show will successful broadly CEDIA in channel. numerous a a as in affected shifting buying as to expect prolonged flat has in well consolidation that been Expo the be years growth. following revenues basis of exhibitor to place tied disputes supplier future takes provide for and after expected adversely some The Denver the to week with growth. trade
added the the at which, successful Outdoor product editions. the of complement and we strongly second Market our third time solutions original and the introduce November week last first the winter for the in show, strong long-term long-standing Denver market influence industry adapt of That this and season. including and Retailer new year and we'll the the and In at show cadence in and opportunities to January said, Winter industry from attractiveness request sector the believe start key categories is is OR the three-show despite wellness, you held may buying taking some the it show several The outdoor to to recall, be we'll to pavilion, support security as stage new industry pavilions provides. Summer growth of a
for to we've current based our consult on expectations the pacing show year's moderated however, continue with We industry; this trends.
have week strong Javitz the revenues stages high-single-digit pacing let to percentage, year. Finally, or sold, talk is York, We're a of have our its is continuing excellent anticipated and trajectory last we believe growth BDNY, year good about the as its show full Boutique excited to approximately likely second outlook grow expected. New on acquired we With visibility into the me Design this November. at the Center already year. The which the franchise by for revenues of booth XX% for
the by Relative ICFF, we've other for reduction to of we remaining forecasted including reduced the Expo, revenue approximately $XX lower corporate-level partly to The approximately what new and Approximately the in in million of $XX Surf portfolio. forecasted conveyed Retailer the Winter costs mix, adjusted flow-through predominantly the shows, last in $XX shortfall with due second new by reduction of revenue slightly $X the $XX other of our million, is approximately projected at is the our unfavorable of Market to across $X show EBITDA incremental half management CEDIA is which million, year marketing midpoint related to approximately across shortfall. second attributable marketing of million the We've underperformance initiatives. guidance to quarter expectations, quarter, also a million of services million a reflected which second and revenue Outdoor the approximately million the portfolio. $X half number and shows, guidance the $XX this in Expo, the million due several RetailX our our reduced revenue services quarter, our team year second remaining of our reflecting
balance to us the important more as believe our new position efforts context ROI for our of progressive working management brand returns. the reevaluate assessing our operating between new today. spend model growth. and against of component current to We're execute they $XXX future year tangible it's by initiatives an million we spending and order to in Sally million. plan, is $XXX the cost said, for Revenue to on performance team entire to on our are continued base generating also range We've ensure we're now continued our That stabilize against the our in investments data-driven and base discussed to expected strategic with investment
and aggregate we our print the The and year-over-year approximately digital are and main tensions guidance trade the projected list the streams. more advertising while with decline, factors free The set range finish our our revenue $XX are EBITDA in Brexit revenues, anticipated related scale revenue earnings to conference range of prolonged of $XX at The expected easily which the million our rest-of-the-year and full within less revenue expected revenues, of is million, the is the slightly updated million. is constitute projected last range metrics one-third release. of to determining all to within impact $XXX time is of guidance million fall than out commissions of Adjusted flow China of of to $XXX cash uncertainties factors and call.
change softened. shortfalls reducing since not full adjusted as has our XXXX last together and been quickly versus earnings increased projected EBITDA. This Looking fact, ranges performance in year in our investments the costs our on for XXXX effective effect our our guidance overhead, at with this magnified we've our clearly both the the as year revenues the and revenue additional have of call,
we profit and plan and thoroughly opportunities. improvement review identify our to rigorously costs to As investments noted, just
allocation, capital approach has Turning not to changed. our
We remain enhancing value. be will continue and to focused on shareholder disciplined
and facility had established, year. that most we've we the well of dividend the entering settled balance credit revolving regular Our commitment is
permitted M&A is selective The program new hand the announcing value to cash today approval under company a and funding from authorized any its the of whereby has Sally stock of expect of in company shares buy with term. we $XX anticipates million. borrowings indicated, share credit to We're and facilities. short to on the up common the repurchase As the company's repurchases aggregate be share also opportunistic our program, its
I'll now concluding for hand her the call remarks. back to Sally
