joining with our over X. morning, us. call allocation Thanks, comments on start starting turning capital thank financial our for Charles, with I’ll discuss before Seth. Good to our strategy, and Slide performance everyone you and on summary strategy then the
the market. streams; a We acquisitions. opportunistic value businesses. revenue are goal attain our and operating this this cash growing new generation, of predictable evaluate three, criteria: by five critical plan for small uniquely criteria with these returns Our tailwinds; following high-quality flow current tangible with goal equity-like for to that but five deliver account very four, that is secular economic the growth high and We and consolidation. one, significant returns define specific businesses believe two, portions uniquely recurring liquidity streams; and high-quality to potential owning, long-term of at larger criteria We to public businesses potential we use products capital; the present economic on free private finally,
provide. equity As Slide by reflect a long-term improvement described to three seek improvement new value productivity we pricing continual drive consistent profitable in value on to which drivers, and we X, operational are our business, value the creation
a we value or to operational the drivers, In our well the as of as equity addition, two creation maximize on seek allocation value our management structure. three to clear of capital focus capital
in starting Turning the typically financial and which loss. safety smallest to results Safety. typically business quarter Fire for fire quarter with the our in first is the that our an one and reports Recall first EBITDA adjusted
QX XXXX all results, of QX versus quarter XXXX. safety margin headline revenue, and Despite versus adjusted XXXX. EBITDA fire underlying the similar EBITDA fire First XXXX differ quarter first roughly year-over-year very safety in flat performance the adjusted meaningfully were
in start North as and May got in March well Australia retardant by in modestly This suppressants more in season retardant XXXX and the as as early A results America markets, North as business year safety suppressants minimal America performance experienced our global was Chile, international driven business including XXXX North to strong by year’s our in much contributed May start Europe. well as and solid start for our trend our and businesses by QX strong results. ‘XX Last exhibited thereafter. QX and value-based positive leaders our to and America XXXX around typically case, and past early our of transitioning unit season late and by activity safety or over a active progress international results. the between markets therefore, fire reflect was business Conversely, retardant especially mild the markets, an QX fire to off by XPs before QX reflected roughly XX months our fire is model. these Rather, is our operating in the continuation so business a
Products. Turning now to Specialty
occur. into in XXXX As quarter, and sales activity QX XXXX. expected, market various higher of our definitely rather first in depleted, customer are lower in carried QX of the Specialty our destocks precisely That specialty chemical that will QX revenue a remained is end is than markets XXXX. fourth temporary as believe we revenue which abate, expected, work recover Pricing in and down the destock the our which versus activity primarily when quarter, Products the began Also pronounced the specific difficult experienced and in in our we’re QX. XXXX will orders reduction across quarter predict inventory QX said, of we inventory broad-based inventory in destock end latter solid part when experiencing It’s over are to first inventory actions products. clear business inventories versus which clear because share to the nature
cash allocation. We repurchased an and capital approximately at quarter to XXX,XXX purchase of average the price first now $X.XX. shares Turning in
basis, the million into price repurchase on We X.X at continued And our average approximately quarter. shares year-to-date repurchase repurchased second an $X.XX. of activity a
the on of remaining repurchase and our quarter first our $XX sheet. $XX on authorization, million cash ended we approximately approximately have with balance We million existing
repurchasing to compelling hesitate We will shares not at returns. our continue
the active remain on also front. We M&A
believe otherwise. might balance our M&A we cash free conducive we build potential to available good prospects. expect comment opportunities any arise, share While year M&A conditions capital feel to cash expectations. are less potential our positioned repurchases advantage the to current of we compelling to continue generate we allocation well on significant significant that flow I’ll XXXX, a our pipeline take the and with are larger market in Between and acquisitions, including close XXXX acquisitions, about long-term full or
million expectation for that an assuming adjusted of year. stated on-trend we is XXXX approximately consolidated reasonable call, season, prior our a fire this On $XXX EBITDA
stated reflected results. to context framework. impact expectations around in to or season mild, I’ll the of and also financial these extent financial businesses that We ‘XX the unusually both our a more we’d severe to the are provide relative little see our again is the fire is unchanged, expect Both
Products. Specialty First,
this financial quarter some stator. consolidated we expectations impacted will are full not Our backdrop nor Specialty the provided are the in normalized second destock since our by aware be year below ‘XX and by activity in when results quarter impacted Products first we financial of market they continued
On Next, wet a sometime milder start high severity impact likely conditions believe is What early of the which we XXXX North America level, fire Fire a early start regions America, in America moisture season. fire the the likely season. clear start, were wet later North beyond suggests particularly a North Safety. a prone delayed whether isn’t Winter basis, to and overall to spring delayed a overall season, potentially the very will the coupled greater of probabilistic with season. suggests
is as as weak experience can However, our fire historical the as suggests this season and anywhere the the well data still severe year. that both between up signal mild end
experienced had several most year, months. time the And has its through this record. just fire-prone driest States on United last of at period an dry January March experienced regions the extremely context, California For
higher forecasts. fire an services validating XXXX Despite to start predictive severe ultimately the the most these active or loads. these leading season forecast fire such, and experienced mild. we out wet, season, and indicators, for was fuel season West out, Also a as XXXX ‘XX significantly an seemingly quite context, early turned unusually yet the severe fire with especially to As also leaving season was early XXXX be dried a conditions especially
As such, a probable labor apart difficult season start, the is predict. XXXX to from fire
customers’ reliability potential fire team in as season Our at will be needs XXX% with outcome. always, every is, to meet Perimeter prepared our
fire such notably XXXX the turned at Finally, on still deliver that operational the to of reemphasize fire XXXX improved will XXXX. safety season, I to severity our in we out be will year-over-year last that fire should financial both season, the mild drivers irrespective our versus value results to we expect of season similarly press businesses,
will I that, with over call to turn the Charles. And
