XXXX. year. then for end will second our will start with then you both forecast by with I market more discuss our discussion will outlook quarter Good through take our morning. financial summary performance a you, for and the of and our I'll of of quarter Chris. a details region. second Mark finish trends financial sales our I results, Thank
details quarter United a our company major Minnesota to take the second moment X, hydrogen. States a execution on to into electrolyzers, by to demonstrate to performance, manufacturing for of strategy. want that continued key April a Before On getting Joe in the few highlight Biden, the no-carbon from I events Cummins, technology facilities first tour location produce Fridley, President, U.S. Accelera our visited
feet electrolyzer Fridley Accelera with in to is XX,XXX the meet existing also initially a to to facility Accelera dedicating expand the power square electrolyzer Cummins production generation growing opportunity demand. reached over Fridley capacity the of the globally. million growing order milestone quarter. demand, that further totaling The along address facility will $XXX with help backlog at of of other the end added being
in the the XX.X% of and initial Lastly, million ATMU IPO, made on approximately business. with Atmus proceedings retained to symbol of issuance separation Exchange Technologies $XXX XX, be trading separation. hold the under the of debt began of Atmus as Atmus Stock public debt. the and shares. outstanding progress of The Atmus generated Cummins the Filtration ticker at on offering. of IPO debt added $XXX net Upon benefit the May the Filtration York full New the Cummins realizes continues On its completion proceeds Inc. will connection the Atmus IPO million
and XXXX our by be EBITDA a compared or Meritor, XXXX. billion the second of Revenues improved quarter to $X.X North America $X.X comment performance XX.X% strong billion largest of with the moving of the starting overall was our resulting an of our continued will XX% products pricing. second for strong for second some the to quarter of many key across in markets increase for of demand or the were I and quarter billion, the Demand XX% driven to in compared revenues Now international record on to of year markets, XXXX, markets. company $X.X ago. addition quarter cover regions, key before our and on
related of of indefinite results $XX Second XXXX million the million related the reserved to XXXX suspension to of million quarter in separation of $XX of offset which amounts the related in Filtration compares include costs the recovery of results, the quarter Russia, by business. separation include costs operations to business. second to $XX This Filtration
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to and the compared chain dollars as exceeded higher EBITDA improved of the performance Meritor XXXX of in the of EBITDA to strong cost benefits and gross The half we of drove quarter. and increases. acquisition plans the second business quarter year recorded the administrative related selling during an pricing versus expenses the margin volumes, the accruals first our compensation the in supply prior as increase variable higher
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of guidance a driven Revenues in to global markets. XX% increase in expected power data improvement XX% generation markets XX%, increase, XX% and now previous construction the to from are non-residential up to by center our
For Accelera, to to with we guidance. million million, expect previous $XXX $XXX be full-year sales our consistent
As near-term electrolyzer noted to in market the expanding on highlights, demand. focus capacity the momentum with continues growing our to gain meet my
up the field, scale and the serve to to develop our costs we projected than are electrolyzer support in As year. originally opportunity, for products customers higher the our continue running
a an by prior have Accelera million Within expected EBITDA $XXX be of $X.X million $XXX range billion, EBITDA to loss sales, our $X.X of expected XX.X% of $XXX components, to we versus for prior to for contributed to Cummins to XX% XXXX As consistent Meritor million. revenues result, revised $XXX our guidance guidance of to expects XXXX million for to is with billion the business the be guidance. in and
investing Should XX% off in first our EBITDA to XX% up will our our bringing half while global Cummins XX% while summary, revenues to produced returning and growth, delivering a we record strong strong cash of new to Demand to we customers, economic record core most to in and slow, in is a markets to customers strong, for position keep maintaining shareholders. coming and remain we guidance of of sales economic technologies indicators. our are where XX.X%. momentum continue EBITDA future In closely monitor very
Our implies weaker full-year of year. half the the for in guidance revenue second the
the Brazil a markets, heavy-duty American production North the outlook truck an and are in several revenues lowered previously expect factors in the manage the some first China America North to second demand versus expected expenses the the the below our the mentioned in we decrease half weaker the of fourth operating of second quarter half In the of rate. lower driving decrease forecasted year, view While in remained and strong half, construction quarter in second run truck levels.
operating During XX% the our of dividends, $XXX long-term quarter, to cash form the in approximately return with returned we million plan to shareholders to of flow shareholders. our consistent
increase quarter X% we share, second, in XXXX a and dividend. sales announced challenges which consecutive have we in the first to the end, XXth environment. the execution increased in strong quarterly operating per from $X.XX our record quarter resulting into ongoing continued $X.XX the after despite Shortly the The strong dividend year from in of the profitability
I needs levels demand and who meet our relationships supply Cummins respond continue by ensuring employees want quality to continued to customer chain the our to thank products, strengthening tirelessly strong navigating work and constraints. to customer
delivering in Our growth, results performance, on our investing sustainable industry focus to solutions operational strong and shareholders. cash returning our reflect bringing our to future decarbonize
to me let over Mark. Now turn it
