remarks. Dan. on a products our by segment begin second snapshot supplemental page and quarter for refer to consolidated Please of X page performance Thank provides services as by the and net I you, slides my RRD. sales This geography
of our XX.X% included reduction a last associated year's the with of On sales quarter Print dollar. associated and Logistics stronger down including net point which another dispositions sale the business U.S. percentage X.X X were recent with business three a percentage in reported points basis,
X.X% in sales Commercial business. in Business by Services, impacted offset On X.X% which an in decline normal Business included organic X.X% Solutions. as as sales negatively our continue of continued Print partially In to be unprofitable an increase a of secular declines by Services, well of basis, were down exit Marketing
some including organic the decline quarter secular repeating volume between X% rate impact not X% our higher was for that election-related domestically from year year. the estimate in this Print We sales last Commercial, and second
an have recent declines We We reported due client Logistics last our with growth trends line XXXX are to current two with the year. believe is rather anomaly. by also year-over-year trends in the declines exceptionally in reported after demand. than the an performance in strong in excluding favorable for XXXX primarily Results XXXX and XXXX in quarters driven growth Logistics and issue lower the business in
a levels industry organic of experienced Last Demand performance reported Labels, have categories economy demand from Packaging two capacity capacity shippers. returned as and our and in spike sales XXXX. whole, the both normal year, to and in quarter. favorable strong levels a in growth shortages the amongst a strategic logistics
Direct Digital in favorable Marketing Digital Solutions, expected volumes. Marketing growth was In by sales Print products partially the and offset this driven performance for client and quarters. and is behind This market by in decline delivered us and services sales Fulfillment higher media traditional Creative shift our shift The Solutions from impact will now strategic not of future related non-core impact segments. continued away print to we
in mentioned we including we organic growth clients quarters XXXX year the the quarter onboard to expected two we and sales declines Census. see large year continue our to I organic expect on a of back first new as this in As first sales to call, the return of the half
sales organic second our quarter from previously result had from in on our the XX. of negatively sales as operations excluded Additionally, are March beginning been our now performance a organic the calculation closure which Brazil impacting
million $X.X On X, second was quarter of versus XXXX. adjusted operations million the page income from $XX.X of higher
business represents corresponding year. year-over-year strengthen from our in X.X% improvements to This quarter addition, core we reporting performance. consecutive XXXX margins margin as continue fourth operating In this our operating X.X% in of to our our increased
same The period mix and and benefit the in $XX and the combination product versus exchange more ongoing cost-reductions initiatives million volume unfavorable foreign in approximate of XXXX in rates, amortization lower impact an of changes from than expense XXXX. depreciation offset
Adjusted SG&A year to expense our prior ongoing second from $X.X lower our of X.X% million $XXX.X reflecting million quarter is cost-to-serve. efforts down in the the or
second compared share reported in to in loss a year quarter period. the $X.XX was the loss, per Adjusted $X.XX as prior
in the benefited period $X.X from a While interest XXXX million reduction expense.
income higher expense tax was unfavorable. adjusted And operations, from
Our effective in nonsensical. tax adjusted bit a quarter XXX.X%, current which the is rate was again once
higher lower rate tax seasonally which part at the of income, is a benefit. However, a and loss of the operating for not record disproportionate seasonal do a attributable the to combination business we
addition, in repatriation In of XXXX, million, of withholding tax with associated of the quarter expense second relating charge included foreign the to significant cash. a $X.X taxes
expect strong rate the last higher earnings. the in the year, we normalize year, generate last seasonally half to to we of Similar as
initiatives help efforts expect improve among also tax our will We expense interest in our ongoing other effective rate to years. future reduce
million, charges pre-tax the other facility. with restructuring quarter associated charges China $XX including our of of for results Our GAAP and closure the included
recognized of our the related and business also quarter. pre-tax the $X.X a of Development second sale gain to Research in We million
But to facility ruling a offset charge unfavorable that closed state in former gain on we by the a XXXX. was associated an negative with print largely tax related matter court sales
now page at end as the Remaining of facility on XXXX, X, $XXX million total flow Turning of $XXX.X sheet million. facility. cash the we on availability the and hand against And on quarter. drawn XX total cash June outstanding credit including million had of the balance the debt billion, was $XXX.X $X.XX credit to of
Improvements $XXX,XXX in activities Net partially the were as cash improvement tax and operating XXXX. by quarter offset by million second higher capital an of $XX.X provided which working restructuring payments. to compared was of was
$XX of $XX.X period. million XXXX expenditures higher to the were Capital million compared
the As the and funding Census XXXX, China of a reminder, we incremental the of throughout the facility course are XXXX new construction investments project. for
of priorities. Next, would to I ongoing capital with a like provide our you reminder,
expect investments we in to past we organic to business, strategic including stockholder value. evaluate and investments our opportunities acquisitions. optimize I potential As stated our for quarters, in both And continuously make portfolio
summary a facility sale outstanding. in on printing finished the is debt we X China, have pending completed we of the In our Page of the early facility construction second the new moving printing June, to our in reduce schedule. quarter. new actions And regards location to taken to Shenzhen, recent of we in
continues the we which obtained in the estimate will with buyer Based mid-XXXX, will The buyer's previous to sale. so to close experience, and they to complete significant government, obtain the at required necessary transaction time sale. the expect work to on we can the be record approvals approvals the a the on early gain
deposit in We our XXXX. expect non-refundable approximately quarter $XX third that we collect million the next will of of
As a price, pay purchase if and the close. obtained them the the the reminder, requires entire our is contract not government's does not to buyer with approval even sale
to repatriation press to continue announced jurisdictions flexibility. U.S. the strategy our night's on foreign we launched we that We focus sheet improving accelerate In our balance the to last cash release, from of
U.S. reduce debt which During to the the ended of million transferred used we was outstanding. XX cash months international XXXX, six $XXX June to
to million XXXX, between current requirements and $XXX transferred regulations during U.S. amounts half procedural first to the the in the expect and year. million $XXX during we transfer on countries, foreign Based of including
Research $XX.X we which and reduce business the quarter for Development Further, million in also used in debt was sold cash, outstanding. second our to
due year, our during its usually debt that of of near the nature of highest point the second seasonal or to the at end is business. Given at, our the year quarter outstanding the
XXXX. show reducing period have made compare amount is same currently best debt the to to we comparison the of We the outstanding, believe debt, the to our in progress in
making additional XX June for equipment constructing $XXX China debt critical outstanding initiatives project. the Census incremental facility XXXX, in new purchasing like in we total while investments, and print XXXX reduced by the Since have million
notes plan repay to of of now the our XXXX the nearly retired balance to are category. supplemental we using with We February. debt outstanding on our matured $XXX are of The June, being that how of Page last an by on notes in notes, as June year, in maturities XX slide the credit the show various of $XX our to XXXX availability mature facility, those scheduled XX. balance million and current million reflected similar outstanding sheet
full Our slides. supplemental XX on expectations Page of XXXX reflected for are year the
We the year. have reaffirmed all of our for guidance
I like for third quarter of the my I comment expected Before year. comments, performance on wrap-up to would our the
third to our sales similar be reported We expect XXXX. net in to quarter the
Business dispositions project. Census to partially offset dispositions, will reported which of continued in recording reported of we onboarding impact the last factor those net be the sales sales by will $XX.X year, a of million The client from negative third a the and quarter expect XXXX a begin basis. new significant be on
the our and certain U.S. facilities We also as print well unprofitable in reductions commercial continued the in to softness both printing expect as of in low-performing planned related products closure China. work
early a As year we improvement locations side XX as part business have since of profit closed across our note, our last initiatives.
to make investments improvement performance our the through lower we while and productivity execution business clients, cost-to-serve strengthen We plans. will of initiatives continue our to our and new core onboard
XXXX. China quarter our facility quarter during into to third-party is be third following year regulations new Interest we favorable negatively last the our repayment in our slightly finalization to to from tax continue expected margins reform printers. expense the is our fourth the XXXX be the work expect and of effective the higher of We versus to tax impacted expected rate due year-over-year in be to notes quarter transition the as of
factors income per last of we to Taking expect reported all diluted to year's into similar adjusted amount. consideration, share these be our
guidance. full has factors these been of each Importantly, our in considered year
questions. let's lines the for up And open now operator
