hello, Thanks, Ron, everyone. and
lower in Slide flexible Turning rates the an impact to which . and sales as impact to X% of of lower the were to a our offset X% by to X%, inflation. favorable continues foreign includes actions a raw on take were recover price X% material costs. down sales On reflecting X% constant reported unfavorable mix to net related of segment business performance currency X. related partly pass-through down basis, basis, benefits Net X% volumes, a movements comparable of pricing approximately on exchange
down First in volume all lower as in and quarter, in last across Volumes single high a with positive growth by North digits Latin line impacted be and similar consumer volume China lower Southeast offset India in Volumes than little overall down Asia. Asia, year continued quarter broadly continuing to trends to were with were North a digits. and were America America last remained single in growth And also with volumes high to in volumes America. softer return regions Europe destocking. Europe demand
quarter, end including soft terms strong performance cost lower approximately by constant remained business delivered accounting volumes. volume X/X for categories, categories in for mix impact health key the destocking in declines. total growth the with confectionary the markets and price was benefits, was operating impact continue Pet care. offset the and EBIT we to protein, demand and of By and coffee, liquid quarter. similar favorable Adjusted comparable care volume Flexibles destocking beverage to last market, X% reflecting in currency down The quarter, of across see
lower than to volumes were of beverage the mix the material price basis, impacted last demand Rigid destocking lower of lower and impact decline favorable related exchange business lower In offset in of X% X. than specialty Packaging were X% similar net costs. benefits of containers sales related On to pass-through constant sales the by X% both last comparable unfavorable foreign including on be rates raw year currency year, were X% X% a Slide of custom Reported movements the experienced in and as impact by approximately as continued North and last consumer to in volumes. quarter. X% levels America, a
volumes new beverage business, the softer was region, and care. health the while and last although In trends In favorable last in lower The favorable. our price X%, volume performance. mix mix food home basis, year. growth Brazil volumes volumes from currency wins in business is in America, digits on benefits and specialty comparable were constant containers, with was cost mid-single overall Adjusted by partly Colombia by delivered care personal and compared across Mexico. businesses X% was were reflecting overall volumes volume strong lower a weaker than down year somewhat Latin in up EBIT and offset In lower offset overall growth, offsetting demand market business were benefiting volumes,
cash terms X. Slide of flow on balance and sheet the In
on mainly of compared quarter flow flow Our particularly reaffirm November in this with enabling decrease of since adjusted capital focused million inventory more the improvement XXXX. line us than rates, flow interest resulted focused back remain peak interest better $XXX million performance, and efforts, to this rising continued in reflects a The fiscal our highly than cash free XXXX, last year cash which shortly. full meaningfully of come performance was reduction to We environment than inflation which critical to have more of I'll working $XXX in guidance, cash and our which rates. our is in year, expectations rising
to cash expect X $XX to August, approximately $XX continued least consistent first towards at allocate to purchasing a quarter also our And comments with repurchases million cost a of total we for 'XX. share full million shares in return in the shareholders, We in total of million.
strong we investment-grade and capital line of X.Xx, short-term taking terms divestiture leverage at rating flows into of usual our credit cash the of of business the and with levels. seasonality impact balance cycling in Russian of earnings In time, working the higher with the sheet, this a our expectations account maintained
Xx to fourth end decrease will of the leverage expect by We approximately quarter. the
our X. to Slide on Turning outlook
and $X.XX adjusted guidance Our QX with share. we performance reaffirming in full our of per for expectations $X.XX year are was EPS to line our
to by earnings a in growth X% the expected benefit now Russia and be or business a slightly X%. negative X%. This to expense. sale related from XXXX. approximately offset impact expect plants of tax approximately of in a interest continue U.S. of underlying our anticipate low negative strengthened of to share since we organic up expect also And we minus impact in X and in the range, to repurchases X% benefit December of approximately The the in to currency higher to has result a single-digit dollar contribute plus We result and translation August, will is
interest of $XXX for expense tax range range and year remain million million tax XX%. $XXX for full and a to the of to unchanged Our the rate interest in XX% the in expectations with
of continue the to up fiscal significant in over In million we cash range growth in year. to year, representing expect free 'XX, last flow, better than to $XXX $XXX terms quarter we last and are million of the first cash $XXX flow trending adjusted of million
of M&A and Our unchanged, plan in opportunities. continue least value-creating to Amcor repurchase to million shares pursue $XX at is we XXXX
strong and growth. a record earnings XX. Turning of has Slide to Amcor proven track consistent long-term
December phasing XXXX August, half comparable to we with second is the our call moderate similar mid- in growth from in of first the of will the expected As align quarter, to resulting last our is is for noted it's guidance challenging half, on high expense, comments to declines earnings years. call near in in market interest dynamics with Combined persist that single-digit the unfavorable fiscal quarter. unchanged. expected the our not out through volume Consistent with term, prior impact to which higher important anticipate
comparable high Compared to fiscal EPS expect the be range double-digit a last in for low basis. months X we will down adjusted the XXXX that constant with currency on single-digit year, of
the just implies the be absolute For EPS this marginally quarter, will in finished. quarter than with in or lower EBIT and line adjusted broadly terms second September
constant earlier, delivering second comparable known is mid-single-digit mentioned of half our trend of earnings in growth As Ron by in long-term 'XX second growth fiscal to factors. high visibility our supported the earnings several resuming half currency shortly and confidence thereafter single-digit
year. the builds First, the that cost we approximately benefit initiatives $XX structural through have from million saving of
price increased have earnings from resulting actions ongoing leverage of benefits cost we and Second, taken.
noted interest fourth, largely will through will progress benefit customer as prior we earlier, expect reduced and we half, second have we a the as year headwind. And favorable inventories comparatives. that I volume normalized Third, from
with in return to half and second to also see solid comments our the beyond. a in do environment growth August, change demand significant in and we consistent the not Finally to need earnings
turn some that, longer-term provide Ron the with to to So I'll call comments. back
