Thanks, Bill.
Turning X. to Slide
You see our consolidated results for quarter the second XXXX. of
agreement discontinued As our all a the in QX. impacts for the reminder, in periods April of the noted. final otherwise exclude related after signed financial unless results Further, reported be the divestiture all We since completed we segment operations third to we will related Australasia, XX. quarter, moved of the on presented fiscal our to activity
revenue down from our X.X% driven levels, billion, by approximately a reduction Our was year-ago $X.X in second quarter core revenue.
X.X%. was quarter, in sequentially This solid $XXX EBITDA approximately macro EBITDA adjusted execution margin the business across the adjusted improvement environment. reflects to an in and challenging year-over-year Our our margin million this of leading
you that primarily driven lower was revenue of quarter year which XX, by realization second the see last reflects increases inflation. X% volume XX%, in our cost to second by Slide was decline our partially offset price that half price On of of offset
and segment half You'll this details find a our the revenue presentation. of of in walk, year for first the second earnings appendix including quarter
productivity million in other $X and a see the you of by volume by our were improved lower impact On adjusted a income. mostly approximately that reduction Slide as price/cost solid offset year-over-year, mix improved EBITDA XX, benefit and
are do though the to experiencing a to price/cost, first costs most of to increase. we lower quarter, Related rate inflation, continue compared
materials, During the was year, the recognized we of million with driven approximately in year. second raw to labor. cost an $XX total remainder prior quarter of by the XX% approximately increase compared this this, inflation by driven Of
Moving to other income.
$XX approximately before, headwind second I've in from As of items we almost was mentioned half have full of and impact million in the a XXXX that unique year quarter.
in approximately savings to this are year. on as million Additionally, mentioned, cost has $XXX Bill we track achieve
approximately first second the of are realized second savings million, reflected bridge savings SG&A. on of benefit half half. approximately the In year, cost these productivity to $XX EBITDA the in In this that quarter, was the leaving $XX we $XX in and million deliver our million
in Our to is the timing or rate the that that started been initiated quarter. third earlier due this of increasing will year actions run be have
to ago with XX. decline This driven second volume lower mix segment to by positive results our America X% million of revenue of down core from impact in a on quarter, sales, a In Slide levels. of X% Moving generated $XXX due was approximately year from X%. segment our the North X% pricing
million, strong of had XX% while increased solid $XXX a adjusted XXX cost price basis up by EBITDA America year-over-year driven North margins to XX.X%, results. points
highlight Our demand across VPI in America North I products, and continued of spread to the want volume strong our our multifamily in businesses. weakness Canadian but most was
XX% has year. facility Specifically, grown following last North year-over-year our Statesville, expansion Carolina in VPI our business
also a is America. metrics. pleased our which improving X% helping a cash of operational We in-full improvements results number and year's labor include hour on-time per in these while reduction continue in deliver year-to-date We're These considering improvement balances, units flows. strong inventory driving year-over-year in to this our especially with drive delivery North efficiency
positive $XXX XX% higher of improvement EBITDA was realization by generated Adjusted adjusted and revenue offset and which quarter, volume revenues mix in was to due to with points product-specific of increases market X.X%. inflation. price mostly basis cost combined with XX% slowing higher improvement $XX in X%. price Europe decreased EBITDA. This X% cost in results Core by million and material year-over-year, leading benefit was driven million lower price partially the of by the XXX of margin to
struggled continued in to market successful share customers, has Also, our to productivity have serve team and they European delivering been suppliers as improvements. certain have capture
the Now XX. turning outlook Slide to market on
construction to demand starts a unchanged to to low year-over-year. higher lowered housing new our impact home North permits, due XX% Europe in America their our market. volume, continue single-family declining our weakening interest outlook housing rates is Specific is outlook year full residential and XX% for demand in While to outlook we've still with decline North and double-digit America,
and at markets, single-digit still anticipate our a remodel rate. repair high we lower demand For
we first of to declines While driven from the in America Taking in XXXX year increased volume mix, strong the of partially better expect this continue business. reduction account, by we expected our our and for North a than expect year, in we all and North do volume this half. backlog was low America full second into mix half double-digit
anticipate that now weakens we demand digits by challenges. Europe, as be the the market double will down low to ongoing region's macroeconomic In due
the was this expect of first and half down a half. by European the mix in Our XX% in year volume similar decline second we
of by declines starts construction XX% residential XX%. XX% as side, on specific some sharper On demand see is in much we In residential depending construction residential new the markets, to country. as the down
be construction volumes expected to projects in in commercial has new demand projects that number of there may continued, are the Construction delayed evidence In into is the market, being near which impact term. a are flat markets, current but XXXX. on
adjusted year provide full outlook revenue On for updated XXXX Slide XX, our we and EBITDA.
and macro uncertain the While as we midpoints we second half raising we the are revenue and start this continued tightening year be guidance. adjusted remain expect to EBITDA our million. adjusted billion now the and due of the to environment, of million EBITDA $X.X cautious $XXX $XXX to between We ranges $X.X year be and and between year revenues XXXX full full billion
expectation second mix. carryforward our our outlook second in accounts flat our quarter updated basically as year for for prior outlook cost Our of this price to revenues as Specific demand revenues, core well this our offset and headwinds year results, volume to ongoing core reduction first lower our half increases stronger-than-anticipated as were half for the activities. year's the
year-over-year the second double-digit volumes from year, our discussed just due price that a I've increases. core this in we revenues less reduced to low with the expect benefit In of half decline
support to X% All year revenues combines to being of full for this down X%. our core outlook
Now Slide turning XX. to
how year first full updated the our combined remainder outlook guidance. to this with our half in result for results, see year can our You of
volume we I've America half global targets. in results As were morning, for than my are North delivering our first price our cost mix expectations, described while better on costs comments our this reduction and
weaker is cash our second invest In lower strengthen sheet demand, on we mitigate flows cost ourselves. year generally unchanged deliver volumes. and we further generating outlook the the half of as In despite remain impact to strong from closing, in and savings earnings that this balance focused our keenly
in reductions our expect continue capital. high-quality delivering working We and to earnings
we're our actions on Q&A. various committed turn now invested JELD-WEN's it Bill and move through to operational to also on I'll over capital As to James earlier, mentioned return improving commercial focused to improvements.
