for as thanks, with on today We'll Thanks, for Slide with XXXX. to remarks, and year-to-date joining, March do everyone, Michael results fiscal and Tracey, begin prepared some discuss we and always Amcor's starting myself quarter X. safety
our continue results highly in our our proactive rewarded. most which means continuous coworkers We're unwavering. improvement our be at and is important Safety Amcor, our approach value is commitment to safe keeping to safety to
for or reduced fiscal year and global On been sites our injuries by last XX more. year-to-date to XX% a globally months fiscal basis, injury-free XX% we of compared have
risk protecting continues. of journey people, excellent our our are industry-leading a towards these results zero commitment to reflection mitigating and While injuries the and
messages Turning X. on to our key Slide
well end First, positioned staples health exposed and is care consumer markets. and Amcor's primarily to is portfolio
fiscal months differentiated for capabilities, tons to first leadership nine financial strong value of performance solid several customer the execution which XXXX. all have proposition compelling of businesses, in underlying a and contributed We
said, we dynamics to into broader market XXXX the quarter, and That and the quarter. this immune Market to in we're outlook the led volume the challenges, March, updated heading softness cautious fiscal of particularly through third balance year. continues of throughout month were increased completely and our not assumes the volatility
will our backdrop, taking supporting progress The give actions costs recovery cost this through of teams we're us and remain we Against fiscal price a and remains growth advancing earnings and range These also on reduce higher as decisive top laser-focused structural actions of priority, confidence build to reductions. actions. 'XX. cost costs a while operating flex input that
on creation. Importantly, executing for long-term we remain focused growth against value our strategy and
challenges, We and while continue have navigate short-term pursue compelling a for opportunities and and/or a well-positioned growing business, organic dividend. repurchase reinvest shares we'll we growth, pay and strong, to M&A
basis sales and of were summary related the unfavorable impact months comparable for Slide X% constant and up a first Reported increases results. higher to price of X a includes costs. net currency an up material were volumes nine on Moving approximately for currency financial million raw our lower. of $XXX X%, Organic were X% to sales X% which
year-to-date on per of benefits of sales EBIT which periods, first both of year. totaled general approached around the a benefiting X% X% X.X%. recovery approximately were $X.X inflation, quarter, leverage from half March basis both $XXX of a currency down of and and In currency approximately For volumes constant were comparable constant the up the X% million for with adjusted strong share price/mix on million up in included the on $X.XXX billion $XXX EPS basis, basis, operating comparable a quarter. Year-to-date has
to actions $XXX of a helped year. challenging as basis X.X% A headwinds environment. modest a the prior versus quarter, adjusted was cost decline related on March down EBIT operating the proactive In million offset comparable significant
combination We on and first nine cash to through capital continue returning shareholders $XXX share a of priorities, allocation repurchases. million months during the to dividends execute of well our approximately
XX We for shares with total profile ramped year-to-date, up million a our on of cost return above our share $XXX financial and repurchases funds back we've third overall quarter, during million XX%. employed remains the and robust average bought
more in Flexibles Slide provide take. the we're quarter. turning Rigid I decisive through to continue Packaging Now and to and our segments third X. bit more on quarter, actions Three seen factors to the influenced what taking both want color a the will we've performance the in and primary importantly,
from QX general be demand and that market a plus minus and the of Last be consumer driver expected QX performance, a the our destocking. we and quarter, further First, soft weaker remains we could of leading of volumes single critical or range volumes low and in combination lower highlighted would to volatile, more financial demand digits.
be order beverage of were January our February, between In of to the American down and expectations those quarter, notably volumes North at down most Volatility customer lower X%. month increased patterns throughout on in X%, tracking Packaging the business. then in March weakened end through the and Rigid also X%
the teams volatility compromises to pull ability is anticipated levers base at response, enough the in appropriate quickly the flexing match to operating orders are cost to in Our adept leading cost inefficiencies. more demand although
in growth, lap of contribute rate and as year. slower was across care health solid continued coffee prior unfavorable begin categories. very were it business. a trends although a premium at protein mix strong much higher-value the And we to continued Second, Destocking to
also as And business ongoing beverage third, and inflation product cost unfavorable American customer is experienced expected. mix. we North Our
While may be most markets. areas, moderating in elevated in the rate inflation some our remains of
actions, for of we quarter in front, been saw and have out not are cost entirely and last proactively controllables the caution the taking which decisive managing at pricing So end back these and in QX. need the impacts continued new,
compensate continue general more further we've a higher we'll persists. price than and driven raw materials where to inflation take First, of and for successfully $X on year-to-date inflation, to basis actions billion
by global Second, or more we than more of procurement plant our X,XXX extracted reduce continue benefits. partial and to increased shutdown operating days full spending, headcount discretionary reduced actively positions, costs. flex lower the number and We've
these approximately costs million. $XXX have Year-to-date, efforts lowered by
the We XXX expect $XX further to in drive million positions. including of $XX approximately business across QX, to savings of a additional cost approximately reduction million
also we savings partial third, And initiatives. cost we've we've three previously and one could date, and environment announced closure, announced, we're add more And to range the pursuing a closures on evolves. of as plant demand structural depending how
second from earnings to to million in expect deliver We 'XX, which will at half. primarily in least in savings cost begin $XX structural these the benefit initiatives, fiscal
in market so remain expect conditions current actions. will what and with on We responding controlling near we the control laser-focused we can term, persist
Michael more turn it now cover to over I'll to the of financials.
