primary non-GAAP Thank focus comments The of and measures. you, my results on be certain will Dan.
For quarter. $X.XX a Page client sales X net also and and by basis. wins million Net X billion as with each These mail participants please the a geography reported growth both continue as I'm just happy a segments segment, first on are Packaging, in in report for refer of and I sales a product going for categories performance on segment second business foreign my up to our X.X% the quarter, begin of Net those segment shows we of remarks. organic reported or sales experienced were of an X.X% in services we into the and X excluding up categories Page growth seven as basis reported are Page changes quarter few logistics, in quarter. as who net the and Both well by expanded supplemental work the RRD. the that higher the XXXX. by and had that results in up we rate of with along to quarter labels in direct the sales new existing slides, volume of benefit consolidated impacted exchange year. following and by to organic trend quarter the deck were than provides snapshot better $XX.X our the sales consolidated on first in services the impact increased XX were see product that were consecutive and clients. segments. organic both services expected
secular ongoing significantly Our large Commercial to Print specialty addition reducing products see to a their continue card declines in volume the in client quarter.
stronger the million lessen card quarters $XX.X because Page than quarter first of first year-over-year down reported in was later specialty X, the million expect less million we sales $XX.X While income of XXXX, was XXXX be versus to quarters. throughout $XX.X quarter adjusted much operations impact the in future will XXXX. of from On
changes related As Dan quarter. $XX million than results negatively we unfavorable both exchange earlier, charge in anticipated greater the approximately impacted foreign had the FX $X.X mentioned The of rates XXXX. and of in million impact client bankruptcy going into was
In were on modest segment. taking see volume these cost in challenges actions volume and offset where price services from addition, we anticipated cost I'd from provide two an higher increases, the issues inefficiencies reductions pressure you from favorable impact by are our resulting client-specific the initiatives we the to going our update business to forward. inflationary clients and like these address with and in inflationary impact than more from slightly reduction large negative
increasing areas. Paper market price in these mid-last rising and year, offset increases costs. Asia rapidly we to We inflationary continue two been cost costs continue to have to in primarily pursue since increases, experience
costs these fully several quarters expect to and paper to suppliers will our increases. lessen impact to the more continue pass the impact along offset take market paper to to As price business. We we cost these of to it rise, believe adjustments continue overall seek further effective
second started impact which related is of increased also inflationary to year. costs The transportation, mid-last
rate these We intermodal more strategies, deploying increased to our alternative services to permitted a recover costs. along including adjustments and are market passing actively shift as client within procurement contracts
and We production the in quarter the continuing be due to structure projections late clients. adjusting to facilities, which aggressively expect neutral first XXXX is XXXX, revenue our costs the this these single client results into these match each dedicated Getting of last with incurred two bottom quarter fourth half we our issue for In better a volumes. client in of of mostly both to line revised of to we our are of in the year. lower cost cases, inefficiencies to
year-over-year the later For throughout XXXX later volume lower higher XXXX two these the in our in because first to cost first remain we the implementing are to with due of was we quarters clients, the quarters. of expect actions quarter demand improving than comparisons and
year. For we the volumes last half do in of the expect see the recover client, second to
and profits were income expense period, operations rate, mix Asia, negative primarily from per the pretax offset partially baked interest As effective quarter, our client reminder, benefits and as impact a headwinds related impact from million. the to which their were higher to into as tax the discrete increases the and lower reductions these tax they on included primarily going volume minimize $X.XX to results inflationary were nearly rate from in the XXXX while actions and well anticipated the rate $X.X of into loss year income Adjusted $X.XX for diluted of XXXX. per share lower down first from our prior $X.XX tax was tax previous related XXXX reductions quarter diluted of per in adjusted guidance rate reflected reported of share per an the unfavorable share by share by in reform jurisdiction. effective in The retroactive
rate of the increase. half year the in profitability half the significantly we to expected last tax but in is to fluctuates effective normalize first when Our expect
million, $X.X the charges GAAP million other year for $X.X tax also Our million initially charge quarter the transaction to a included charges pretax or $X.X XXXX related prior share to GAAP included an recorded tax restructuring included and for $X.X pretax adjustment per to a results expense results reform. quarter related estimate related restructuring other spin-off expenses. associated of $X.XX the provisional and and with Results for in for million of
net attributable up was our primarily $XX.X operations the products Page quarter and million wins. and of first clients from marketing $XXX.X was volume. prior driven X.X% the basis. sales and new sales growth for up was versus of each Next, organic mail growth were XXXX and year due to actions of our higher recent on to our impact reduction or direct from solutions our to the cost client $X.X million in reported direct million the for an by highlights segments. period existing will I million On both income XXXX XX, quarter Adjusted of segment of discuss the The a $X.X mail
changes, products modest income of delivered lower mentioned Page while million and increases foreign down $X.X the for surcharges the exchange rate Adjusted and Packaging impacted sales we to XX. segment or were effect by increased segment cost for organic of initiatives driven The X.X% sales. than products Logistics Print the business Logistics our a secular to price million, pressure services year increase due versus in adjusting the Turning sales. headwinds. were net volume up from growth from in prior Fuel XXXX of previously X% $XX.X favorable $X.XX million segment quarter. After card specialty sales to net while offset down Volume pressure net and across the the our $XX.X was the negatively by quarter. $XX.X services, in primarily operations in Commercial million impact more increased period. was and XXXX were reduction billion
XXXX driven quarter $X.X charge bankruptcy increased of by bad higher unallocated previously which $X.X non-GAAP $XX million million. million, corporate client debt included of First the mentioned expense, expenses
$XXX.X were year-over-year compared to of $X Asia higher due operating our to taxes net unfavorability. used charge, the initiatives. expenses driven this cash timing cost XX, execution first reasons the On Excluding activities our key in primarily in Page million the in of by for the in XXXX. capital and Net vendor reduction payments as successful quarter corporate was for changes unallocated decreased million working cash
million the in expect to We reverse expenditures second begin the $XX.X vendor payments were timing XXXX. in XXXX Capital unfavorable quarter to million of in the versus $XX.X quarter.
facility million quarter during planned we In vacant for the cash. executed in a Europe sale a addition, of $XX
the to now balance sheet. Turning
hand cash we of million credit outstanding drawn as credit and $XXX.X had our XX, the $XXX on of facility. XX. of total including March million of $XXX million March availability $X.XX facility was billion, Remaining total on debt against As
Before I ongoing for would I priorities. to shift to XXXX, of remind our capital expectations our like you
business, in in evaluate sale to optimize portfolio opportunities quarters, expect Europe strategic of have first stockholder continuously business. As quarter make investments investments like potential logistics we our the pending in including I sale our and strategic for value, past we and building stated print the organic to and acquisitions, our both
dividend, expect although to the And our do addition, quarterly in each repurchase shares to we our not foreseeable review does future. In remain our board dividend we quarter. committed recommendation
which for since last call, expectations Our full supplemental XX are year XXXX, of the changed not have on our reflected slides. Page
As of business, our logistics our in clarification, pending the close sale not impact a point which expectations to of quarter. print reflect do expected is the the of early third
year, to in $X.X $X.XX to range as XXXX. Shifting XXXX. billion to For expect $X.X as from to XXXX earnings compared the in to share flow. per Adjusted to $X.XX to net full diluted share sales compared billion $X.X is billion per we expected $X.XX our range from cash
million We will operations higher compares flow are improvements tax range XXXX. expected to reported include from payments, $XXX.X $XXX payments. to related reform, $XXX to tax expect cash working million. which interest million million, and $XXX contemplates capital range an which expenditures to Capital from $XX $XXX million This to in lower million to from range estimated
XXXX. to estimate at up, would our up second I to levels our slightly I for first the Before comment similar quarter quarter year. expected We to be sales of performance like wrap net versus on the but
continue costs volumes two be our negatively unfavorable by to reduced from transportation results paper We and clients. inefficiencies higher foreign from exchange to variances, and impacted expect
mix inflationary-related to supplier adjustments increases from further expect benefit along our through reduction we additional However, market and pass changes. cost including initiatives, price
higher and expect to continue to expense to our to lower rate tax tax be due In reform. addition, effective we interest remain
line to these and of guidance. our years, half cash flow be operator, now the seasonally factors considered in year. of expected have past strongest in been last for As questions. year are open let's in the full up earnings our the And Each
