morning, good Thanks, right. All and Jim, everyone.
headline brief overview a numbers on Let’s start slide four. the of with
for performed ramp second second continue $XX XX% higher revenues the mentioned, second billion, and in extremely team quarter than higher Jim quarter well demand. the as Sales XXXX, meet the to production we increased quarter. to the of As to
were $X.XX seeing and Once $X.XX year, stages parts. end history. in for aftermarket share up, remain per performance and of as oil the double orders last the to most recovery, also higher sales, of new as Our we share in North profit was America company American equipment about and addition of strong, the Mining profit cost again, are primarily onshore volume continued discipline. and second construction, markets still was per best quarter deliveries sales North well China in notably by as Adjusted gas. while driven early our increased
capital $XXX of have demonstrated XX% We increasing and have a common the quarter cash. with $X.X shareholders strong the commitment balance sheet was operating enterprise flow stock. Also, quarterly to Company’s the ended of dividend quarter. billion billion million per repurchasing and by cash in the we ME&T share return by to our $X.X
growth a growth, operational capital deployment. was in to the continue These sales for performance us operational and excellence As through using the for operating to numbers expanded well for as quarter reflect, and drive results our services this give confidence as model offerings strategy great customers. execution profitable our
almost operating higher XX% quarter and Day quarter the high-end XXX Operating discuss margin year. the for Adjusted XX.X% the was of on XXXX. increase Now, turn of five the quarter in than to profit billion, compared was to the and operating basis points range, profit. slide second Investor $X.X an of we’ll second of second quarter last our
our to commitment and to thank clearly and Company the demonstrates in can expect the to across operating for cost represents global excellence, efforts their impressive to discipline. due be we quarter’s the quarter our team leverage, quarter-to-quarter, from fluctuate second operational improvement we restructuring I While ongoing want results. which an margins seen have operating Again, this
quarter of see year. than to more operating the million second Price you compared As segments three additional profit, sales costs. $X the last quarter, higher across higher of volume same contributed the in chart, all was our an $XX realization manufacturing about offsetting primary billion in
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primarily customers were collection business well. write-offs quarter However, Power few in review our and a past-dues the recent is a limited this the portfolio. core America Latin experience to and Higher of of increased performing Cat
second sales six. Construction quarter, Sales at or with let’s performance the Now, XX% and Asia all beginning increased on billion in in increase regions $X.X Pacific XXXX. a the Industries of CI $X.X look Industries of Construction across were performance from for slide America. billion with North each an take the strongest segment,
sales about Pacific XX% China. were driven Asia primarily up by million, $XXX or
million above We year-to-date. with continued quarter for and strong industry construction XX-ton sales quarter R&D. competitive in in CI. in last are exceeding second in material, And more to regions building remained our seeing unfavorable up This freight, infrastructure. was XX% of realization the also of volume XX.X%, which Sales margin investment than be the gas-related billion, by for up including in higher year to about Segment non-residential the key offset by was increased partially increase & CI driver Much primary Investor with of for operating in as for quarter, profit XX% spot was construction sales was or in the projects, and and range. $X.X the driven for sales and the Pricing improvement. $XXX the cost pipeline. oil bright the well profit some excavator was record in is as continued of excavators Day the North second China a a SG&A CI. Higher price and investment sales America quarter over the especially XX%.
effect announce did July on increase price took a that for Xst. we mid-year However, machines
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parts new machine to increased equipment sales across to support for demand addition In activity rebuild, all and ongoing regions. aftermarket
Our investment are commodity new as prices orders placing on equipment above mining thresholds. customers remain
However, mining scale to fleet yet we full have replacement. believe begin customers
which times investment more to performance of than surpasses RI’s to economic second restructuring due infrastructure sales and and of to four is profit range cost higher to Day XXXX global gained million the equipment. management. significant through expansion $XXX leverage and primarily operating quarter disciplined Segment the of margin margin was and improved than XX% heavy XX%. contributed addition, higher construction growth improved team’s In segment XX.X%, of Investor the
with were costs period RI sales. XX% fact, about flat higher In
applications. year last Now, we million, across the quarter were XX% Transportation. E&T compression especially sales $XXX Sales well as with gas let’s & than million all increasing and or North will see continue turn up for discuss sales were Energy oil strength XX%, and to we servicing activities and quarter gas applications. in in slide onshore applications America, $X.X the the higher to in in eight, second same
EAME. XX%, in sales For power of gas primarily increased applications generation, powered sales by driven
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want I the move to capital deployment nine. I Before slide spend a about to outlook, on moment talking
of billion hand. our $X.X billion earlier, and ME&T second cash mentioned operating was the the quarter flow quarter finished with I we enterprise in $X.X on cash As
returning we’re by a on growth on benefit and In for increased the the total share the strong with fairly continue have balance of and this solid in way common we dividend to dividend repurchases by While shareholders. year-to-date line strategy, repurchases stock second quarterly basis. consistent being sheet, disciplined in quarter, intend $XXX business, cash operating million capital in also do to a grow we $X.XX this to share committed bringing We focusing per investing to provide to market our our billion. our XX% which sustainable a profitably the repurchased flow to of and flexibility
repurchases a priorities. be of but half, We half similar to second could on in opportunistic, we market the the more expect first depending range be to conditions investing year share in and the
at share delivered repurchase effective this deployment January repurchases priorities, our expires an ensure of Our the cash with a approved year. current Directors share $XX Again, authorization billion outstanding of the exploration Board of authorization, team To XXXX no end quarter. X, the which is second new date. continuity
to outlook. the of Now, look XX updated at slide and let’s turn details our
said we raising to morning, As our our performance our to per our share and are $XX.XX. year-to-date in current view profit of $XX.XX end based strong full-year a release our this outlook on range markets, of we
let’s feel good more improve end outlook. perspective some markets to in Order our in $XXX the second of in in about but about now on strong. a of of be $XX few slide next range backlog end costs restructuring Excluding various the business. are first a we that $XX. per state and Most profit We items markets detail the this remained adjusted continued share quarter. share of about to our the talk included million, on our I’ll expect to rates
particularly our million Recently we on to mining, & second to continue quarter costs impact taking delivery impact expected for material well tariffs $XXX are minimal orders half but applications, and had gas $XXX in into by XXXX. the certain million. approximately For oil imposed
We demand. also freight to to costs meet production we as remain elevated higher expect ramp
of most increases the continued & excellence of mid-year and structural to price headwinds and However, through Model Execution use we operational intend Operating cost discipline. drive offset to these
continue also in expanded to on will future, our investments invest We and services. our focusing offerings
programs, technologies and the the services In addition expanding in to also are that and digital customers. new machine engine we we offer are solutions investing our
of on our slide in end detail serve. look markets let’s Now, slide the more reflects a markets XX. our a The end little view take we at current
stages. As see, you markets our can end at are various
the experiencing recovery to early compared some demand, remain historical in and are strong are challenged Some stages levels. some of
North For product while Pacific, America, America and experiencing strong Construction we Industries, are Asia still in depressed. EAME in Latin demand are sales
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growth infrastructure and demand are heavy For in strong investments Resource economic Industries, applications. robust driving construction
still customers, health which early for However, global the Commodity to of customers. in mining for equipment. demand prices new has demand we rebuild the strong started believe this financial investment recovery a is parts increased recently is What be for above threshold, many continue and aftermarket to mining stages. progressed improving
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U.S. increased as We be also enabled are other in shale recent to continuing have profitable. across them basins activity to see conditions the market
following multiyear well by production. and is demand improvement as equipment the powered for well demand is Power see in a While applications America, sales. EAME. offshore in drilling generation weak datacenters offshore oil gas and continue in for demand new North The compression is downturn experiencing increase, driven gas for and demand and mostly powering servicing on we strong to as gas
due The rail XXXX, While second will we end-user higher is carloads of and showing sales XXXX. signs and high conditions stored applications. were economic this strong, across locomotives well the North still our are improved down Total global are industrial expected to most quarter. to in recovery. for largely demand recent for below be improving market applications American up year in Sales believe be
for While levels. historic we received is locomotives, demand compared low have the orders new to
rebuild. We rail locomotive services have however and seen a significant for increase
strategy For cruise oil especially confident be corporate us improvements the In our to tugboats are we’re marine dynamic we we summary, marine supporting for continues through sales, seeing positions manage recovering. for our And of platforms. market to but strong, environment. and to workboats good well about many offshore challenged, markets, feel others which this continue end while are be
update target the Recall, expectations for our to ranges like last Slide that our reflected levels sales adjusted on XX. three past. margin provided The the at had sales operating consolidated September, a Day to history for at at strategy back margin I’d XXXX, of which Day margin all consolidated and slide sales about Now, the Investor $XX reflects Investor achievable of and on right Company. revenues. improved execution ranges the on in column far for and performance XX% peak our segments to quick XX seen give we operating for sales range operating significantly our Those levels shows XX%, of was billion. our revenues range we and
of said, with show, The than using almost which execution commitment. more XX% made adjusted last sales have $XX was of us higher achieved coupled basis Like operating higher and billion. on the model, points performing Jim actions business, running XXXX restructuring the on than our just revenues with delivering sales operating XXXX performance, company. the $XX the dating and billion were our revenues of that’s As of months to XX are numbers XXX over margin we an July back
delivering We the throughout stronger cycle. are to performance committed
about Operating businesses connecting ecommerce the the raise of but next-gen This as our and current demonstrated in of profitable platform our power control. like technologies, The view of control outlook real costs expanding to investments results, on results confidence the aren’t XXXX. maximize autonomous our performance structural & key gives evidenced in assets full by to resources a these We end us markets few. for Model to returns, most all with along are excavator, name focusing our growing Execution comes from cost relentless our our year
quick I’ll let’s turn slide a and to with conclude Now, XX, summary.
outlook, are the working. We and to strategy capital is per share, returning on delivered commitments and record our full-year are second-quarter delivering profit our We shareholders. raised
We’re will profitable Q&A control on that, call. growth. turn for the Amy focused confident the investing to in remain back With begin end I’ll structural our cost while and markets it portion to of
