joining to P.K., today. with X a everyone and and summary of us thanks you, Starting results. Thank Slide QX financial our
is XXXX Our markets. customer a year off broad-based fiscal demand with good many start across improving to end very
resulted to Overall approximately were Amcor with in fiscal QX. win which of X% customers, quarter our for our in Our volumes. sequential third up to X% quarter first improvement the consecutive in teams with volumes compared position continue
which unfavorably X%. overall in in by out As health in weak volumes care North beverage, volumes August, expected remained American called approximately company and impacted
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XX year, to margin increasing and EBIT EBIT This teams with business. in drive leverage improvement in of $X.XXX continue of adjusted adjusted operating grew comparable manage compared our represents per with another Adjusted X% expectations, last at was per growth constant share, by helping earnings to costs First quarter well, by the points proactively basis. in resulted share quarter our across XX.X%. margin with line basis currency which X% coming a on
as approximately compared the last flexible to business end to and care comparable health constant sales again, by were growth year improved segment our modestly geographies reflecting across on sequential a Slide broad-based lower primarily related on most QX currency volumes Net up was offset and widespread decreased with basis Moving of markets. across price/mix unfavorable basis, on by X. X% volume X% sales. growth X%, Flexibles a
call, overall resulted pharmaceuticals, a approximately North of discussed in anticipated Europe volumes. health destocking and headwind care and quarter's this segment America X% to continued on As last and in in in
calendar across first North and destocking categories. reflecting demand improve expect continued all regions Across flexible this Europe, of portfolio, quarter. XXXX. X%, balance abate product to demand and approximately up customer consecutive to our were the in quarter of the the end for solid volumes We by second In America many
deliver Brazil to care, mid-single standpoint, Volumes and despite delivered Asia low rates, to Pacific were India, growth Latin low to In digits supported modest businesses to in health category single-serve China, mid-single-digit meals volume ready In by meat, emerging demand and care a continued up. also growth up destocking. coffee our at markets, of and Peru. return health dairy, was both regions From negative the liquids in Medical solid American good mid-single-digit all product and growth. impact
with double However, last down year. volumes low pharma digits were compared
quarter another over million combined with X% to for with constant year EBIT margins points of on Higher XX cost adjusted expansion, basis. grew basis Adjusted a XX.X%. margin volumes, last the up EBIT of comparable by performance strong quarter $XXX to currency led
Packaging Turning of to year. to growth with The the quarter. business Rigid decline on overall The volumes despite third of the volumes advance its last overall for Rigid segment trajectory Slide consecutive continues earnings in X% delivered improved quarter another compared a business and X. performance
primarily customer American the As expected, soft this was business. driven continued demand beverage in and North by consumer
Net volumes sales temporary Hurricane beverage remain States end quarter our couple America, down high the despite of currency of were relatively consistent a impact Southern North digits, basis, of constant the comparable Helene. plants negative with quarter on Eastern our modest a United in ensure safe the single from X% were impacts of volume the price/mix people previous performance from in help the down to the with toward flat. a In closure
quarter, anticipated entering Amcor's muted remained mix and end consumer key unfavorable. remained As the customer in demand markets
in due Colombia, by than weaker which year, good Latin lower and reflecting and categories Argentina to business delivered the destocking. American dairy Mexico in was The nutrition care offset the volumes growth last with down and demand Caribbean. customer partly Containers were volumes growth in in Specialty health
up $XX we an business cost perspective, And we in of the XX% Adjusted constant focus North was growth X.X%. to a reached and to delivered will interest our points ongoing EBIT another venture through debt. use earlier an the basis earnings reduction agreement for $XXX in as XX currency on basis, announced X% partner joint our QX reduce margin From million to margin business EBIT on of closures an sell with comparable today, and which by expansion increasing million, to quarter America Bericap measures. productivity
have a chosen had relationship Bericap at the near-term with and joint a we've returns. differing and we this years, over the view capital XX past unwind on Although requirements to due juncture, long respectful to resulting venture
disciplined interest, and While to to approach committed to Amcor category the we are remains in maintaining of a closure our continues capital operate space, it allocation.
a Compared our Moving agendas. of to quarter of Consistent usage. balance a will XX. to support important with was on sheet and CapEx quarterly Slide the innovation increased last that sustainability, cash year, QX historical cash continue drive on with projects phasing, to growth number
Additionally, trends. the we increased higher we are were anticipating, we end Leverage inventories impacted ready to little the which a inventories service secondly, was spot material X.Xx, by improving debt leverage given of stronger which and ensure raw unwound. negatively toward due to to of quarter, impact rates since than and higher has subsequent the euro volume
quarter We fiscal leverage below expectation December, expect confident an in meeting Xx leverage to end year an the exit reduce improvement point at remain our with prior fiscal through lower. or second the with anticipate XXXX and and to year in we
share has through the per to cash Board During returned X% the to also our and quarter, quarterly increased we in dividend, dividend million our by quarterly $X.XXXX. $XXX approximately shareholders
on to me brings That XX. the Slide outlook
based good XXXX, year. we fiscal our reaffirming to start guidance P.K. fiscal our for As on mentioned, the are
For continue X%. to range fiscal comparable growth share a to in constant $X.XX X% earnings of per adjusted XXXX, on to expect we be to to currency basis, of range representing $X.XX in the the reported of be --
the supports performance build momentum. expectations underlying to our the Our strong earnings for for in and continue volume growth our quarter first as the further on we business through year
based on EPS August levels it's headwind results. incentive expectations includes annual remember to normalized financial we our that related more our approximately an for X% pointed this of out important of improved As to call, guidance on compensation
from we in double-digit to normalization, underlying low the expect business growth the incentive single this high Excluding range.
XX% will between tax expense the $XXX range for performance Interest million, effective increase trading continue the in and to volumes year the with October guidance rate aligned million assume to of XX%. in overall these We low mid-single-digit an with $XXX range through expectations. remains to with
to our second be our line EPS in performance. we quarter, relatively Looking at fiscal quarter expect adjusted first with
broadly of our exiting cash the This quarter fourth generate the and XXXX I'll means I of earnings noted happy of August flow back we're fiscal and half the to affirming of the future P.K. half, to billion be lower, range typically approximately growth. for delivered start strong aligned in finally, with will year, to the with the leverage historical XXXX the confidence $XXX earnings year. average our call, we free year Xx adjusted the the to $X in at the look with million the the We're phasing in with our as XX% outlined of being hand And our on fiscal earnings or forward that, first as have supporting back year in our second strongest to with XX% earlier. opportunities to expectations accelerate And
