thank the companies, is Like which to COVID-XX and closely morning monitoring for you Good today. global assessing joining Allegion evolve. all outbreak, continues and responsible Tom. us Thanks
maintaining doing on world. and business health infrastructure also a our are employees', We We're around what's central right the critical and supporting our communities. customers for focused
critical in different case making several our and customers infrastructure many essential their to within our customers. sectors, operates Allegion work
and for safety others buildings life depend security create people facilities. devices on, many whether government homes, medical private the Our so or
our solutions especially most recently COVID-XX. new purpose provide care against to the gives on in called unprecedented us products regularly work fight hospitals and times. health these This will clear for are and laboratories support construction that for We facilities,
of the COVID-XX, where demand government that way being health actions, sites minimizes taking majors disruption exception are may to short-term and production, the adjustments temporarily We material for Italy long-term overall our the Allegion. and necessary of paused With shortages to a have future Such Mexico, operate. to related decrees such to customers in monitor and protect production as implemented manufacturing business.
In the engage approval the fulfill our to inventory the case of It supply intention with dialogue continue meantime, Mexico. working we of to government to lifting to are best partners shipping abilities. general and the to requirements in finished are chain, remains for decree. our authorities for channel coming customer to and open serve with goods normally Mexican customers we existing to its Italy, with In of our our prior continue orders of goods out
repeating. bears it but before, say me heard You've
one our the to safest to of prouder reality. the experts, be in company current not could the of have safety adapt leveraged We have workforces I and strength who our of world.
developed faced operational keep safe. mid-January We China COVID-XX in have people and since practices our that
face PPE the manufacturing and protective on increased facilities. regular facilities. We've crowds. we masks equipment We're a who're on supplies gloves can We're and and of cleaning in our wipes supplies. from conducting and Health were our There's Centers solution requiring we're additional Employees our hand for sanitizers Prevention. practice Disease cleaning standards personal the based We're social deep limiting guidelines throughout ask hygiene and like World distribution modeling and Control safe distancing, for best basis. Organization where facilities
air as orders well And as meetings visitors, and monitoring to possible and meetings decrees encouraged in wherever adhering virtual health travel nonessential the from where We're government crisis. are and and ways. Essential early employees working all are home. conditions. in paused We necessary,
supply us is of to a asset chain our Allegion's and customers. servicing allows major continue The global strength
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employees, our course be to Of to must our communities. continue business healthy customers support and
hiring all actions actions a reductions of suspension financial mitigate implications taken spending, including COVID-XX. nonessential temporary with in to include of freeze a associated proactively have capital These reprioritization expenditures We and repurchases. of investments, discretionary elimination share
has Allegion and this and extremely throughout balance positions time. us believe that we strong flexibility well liquidity sheet Importantly, an provides
Our net times X.X December XXXX. ratio at XX, debt-to-adjusted was EBITDA
an and XX. September have principal of undrawn if up We an to $XXX credit outstanding no million facility on due payments debt until needed
conversion significant earnings to due generates a EBITDA as XXX% averaged flow available business Allegion's cash intensity. and stand-alone has Our ratio to low industry-leading margins company. flow over cash capital
engaged and that there ahead. Yet The test time and of Allegion challenges clear. healthy XXXX the on will have made Allegion to of stood with be has and great true workforce, that strong safe focus. an take strength, financial start can business challenges will a our remain fundamentals. legacy values steady brands
X. Slide to go Please
the first results Let's for quarter. turn to the
as we the and job early navigating We strong COVID-XX posed our quarter. the supply in by did experienced have pandemic, team by chain the revenue an evidenced a outstanding challenges disciplined growth
both had driven region residential Europe a Americas the and X.X% by the Pacific. of offset nonresidential organic businesses. Asia quarter Americas X.X% weakness The stellar and of reported in growth and growth had quarter, particular, by In in
by the EMEIA March. further markets was COVID-XX our business and the pandemic impact through be impacted soft in beginning quarter to continued
markets a Asia-Pacific, whole Asian well. weak experienced the as remained region COVID-XX as and impacts the For
in in growth at in Electronics XX% the the Americas quarter. came
us electronics serve well see will fundamentals connected global continue and as access. of ease are more the strong as subsides. become trend a We of more The products long-term business positive pandemic as for to and underlying the
quarter. operations the EMEIA first due Americas by inefficiencies declines pressured would EPS Turkey $XX margins over We Poland. quarter, nearly of both of led quarter came the Adjusted operating prior saw Margin our expectation in in – this region were in year. margin from operational by impact move a adjusted prior growth further expansion margins Asia-Pacific basis half volume versus adjusted which XX% the EMEIA highlighted was points. in last the basis carry quarter, flow the our up the were regions. to to XXX points year. up a robust cash that from continued margins million were In up the XXX and at and available down first
XXXX financial That said, our future near-term QX, to brought Overall, we the pandemic navigate continue the more uncertainty difficult will by be and I'm with results. headwinds. expect on very I COVID-XX as pleased the
weaker Beyond are regions. enhanced expense implementing address previously regions intended actions we to and help These and to customer market and optimize the these European fundamentals, are reduction cost management the enable actions discussed, for focus and future Asia-Pacific cash success. end actions simplify position will
item to expected accounting We and indefinite-lived charge mention. million to related one our and recognized future impairments operations, COVID-XX non-cash $XX.X a trade predominantly impacts. the related non-U.S. for the there's And name to goodwill
way million, summary. revenue in some offset offsetting we impact weakness of X and more I'll the Colombia of and growth. on organic take detail inclusive led in Patrick first business Americas and growth, our Asia X.X% X%, in the growth. Revenue divestitures Please an $XXX.X organic will of and you quarter the of increase EMEIA financial on moment. go the the Turkey was Pacific. Slide for quarter regions of share the Currency the first the experienced to a through headwinds
points basis in operating by the Adjusted increased first XXX margin quarter.
stated $X.XX rate XX% in Europe and share The Asia. the primarily or in higher other expense. with of operating just over count saw increase I versus income, the prior we Adjusted earlier, increased year. significant margin per and was favorable the a earnings As $X.XX share expansion offset increase tax declines driven Americas by in
Available cash capital improvement the in adjusted working at $XX flow million, year. increase. million the driving Increased factors earnings prior increase net the nearly were an and of versus in $XX for came
wrap-up. I'll be back to now will through financial walk results, the Patrick you and
