things summary, like take a away you to I Thanks, from few In are Phil. there would today's discussion.
the in of this resiliency is business strong. confidence our First,
the posted our we in current are exchange the current we results solid environment. third, updating full year QX guidance to environment. EBITDA Second, And reflect
both to to We daily we environment, are organically pricing innovation business, invest margins. in market product at share our expand track and in encouraged our a growing aggressive share the ability we of tackling. on As the with an business with implementing inflationary to market and you environment same living in our distribution actions, very the we business and gain reflective continue new with in to all significant channels net time of our execution the know, fragmented remain and resiliency and we're be interesting while continue
initial be macro year and been first to said, outlook. Our continues delivery the our in ranging That half of being the the consistent background broad with unpredictable. has
XX% on a a currency-adjusted than execution more our drove core As point reference, of the revenue basis. quarter of in growth
rates execution. However, our global the exchange volatility in is strong diminishing
want the reflect to to I remainder year, to As the outlook our current update we the rate environment. exchange of look
and have predicting prudent of foreign continue headwinds we such place, assume a currency for exchange the may to rate that it's in to the business hedges of Accordingly, year. not the swings when believe While revert. occur number they I of remainder in we're
and respect clear, both We higher of previous our exchange lower the are rate other guidance our by with not to reflect reducing matters. current end end the be changing to guidance million environment. range To any $XX we're
we and control Our core execution what strong on track. is of
quarterly the a million by a reflecting $XXX constant compared a is to business by XX.X% a increase strong to QX segments. our driven top levels. XX% revenue, customers XX% happy basis, I'm Institutional customer our Institutional actions basis, we reported or pre-pandemic quarter of XX.X% return over to let talk about pre-COVID Now volume increase business. our $XX XX% year our existing wins, in constant versus currency revenues than and to which roughly We're growth Net currency line as both on of X% me QX our of Institutional for with towards pricing business, and results. increased progress million or new year. prior On combination as continue our an recovered a expansion more of sales million, across $XXX report were business prior
our goals. which is positive Our growth continued of also long-term roughly F&B momentum, XX% our business, revenue, supporting
our recently water introduced customer growth experience to treatment rates high expand initiatives. and new for business continue organic further win to We
Our XX.X% year and currency. QX in revenue reported as million XX.X% of $XXX constant is prior above above
$XX.X first throughout pleased As Phil the a reported, year we've million, inflationary numerous we're EBITDA to EBITDA adjusted overcome compared was light as especially mentioned, had QX decrease flat in year. in currency. delivery adjusted the to but with half nearly pressures our Consolidated the constant QX XX.X% of for prior of
particularly and million, and delivered gap. respectively, XX% segments address timing F&B representing aggressive the price/cost $XX.X war in of currency reported. Europe to Ukraine, in we're and due million were high and impacted pricing adjusted $XX.X as actions X.X% declines Our EBITDA cost and Institutional input by to the taking Both beverage segments of inflation,
assure To than to get our greater EBITDA costs offset containment pricing hit pricing May progress continue our X%. we that for be in of While said and and I'm XXXX full we year long-term ahead ongoing XXXX, increase, to committed adjusted I cost target. costs towards to margin XX% to as we expected
the Now expecting more XX% full year. we're than for
cost productivity gains, steady we've May, monthly dollars. in margin offsetting will I moderate, our of As material And improvement direct inflation believe capture time. as been with we inflationary combined pressures over
on a let's strong quickly what in. position Now is touch balance sheet our
million months $X the to flow, outflow roughly First, as six of minus last compared first had million in operating to for of with respect year. same the a we period $XXX negative cash XXXX
flow consistent seasonality. in We continue the back half expect historical cash free of with flow cash positive the year, to
and in interest spoke caps, cash Our rises. flow the is expectations good expense, further a means end, X% in in of position liquidity a equivalents had million At of represents puts million, I liquidity. same for last rates. interest the May available and This adjusting we million rate on interest strong $XXX approximately increase which exposed as rate our we each cash I free incremental rising currency position $X.X $XXX year cash The as we've that are after in for annualized have us $XXX interest million positive of hit debt rates of to view our only considering strength. which and news topic when meaning quarter full
X.X times. the ended leverage debt net at Our quarter
full generate year see expect XXXX, we increased As cash of leverage we net the also by flow debt to for improve to year-end. expect positive
and be So this by challenging the the business we environment. team continue the execution with the in of encouraged to resilience
macro headwinds EBITDA high well we're revenue offer environment. reflect results year, solid lowering quarter current reflect to sector value exchange but the not While we our isolated diversification single-digit global second reaffirming proposition do product the from strong we Accordingly, markets, our customers. as percentage believe we for our full growth are to adjusted the geographic range the impacting as and
to outlook or EBITDA exchange If $XXX for we changes, current update year year inflation progresses. $XXX adjusted million. full the foreign expect the outlook Our million would environment as is our to
I recognize to Now is item turn unique that We this environment. Phil. a one over back before last
for do $XXX is guidance, range $XX million, and in million of adjusted While to we $XX $XXX to range our generally in the not quarterly the earnings estimate EBITDA revenue provide of million. is QX million
QX, our increases new build onetime to expected reflects to throughout the and containment impact historical of up year, The growth volume Kentucky performance actions. from expected QX date. could warehouse, the price to I'm increase impact have along in incremental are and and cost opening business by growth pricing, and offset QX some warehouse with third running, the Diversey's of pleased which seasonality timing costs. The summary, QX quarter our earnings and with that getting outlook between the reflects In
track. on rate guidance exchange hand long-term remains our our We reflect over a strategy, With current Phil in it I'll environment confidence for to the wrap-up. that, earnings are to updating back and of resiliency and the our quick growth power
