John and morning. you, Thank good
XXXX As John first quarter said, were expectations. our results better than of for the our
within growth than profit While was margins organic were operating our our expected revenue stronger we expected. and range,
items, certain continuing disposition initiatives, of driven quarter from costs half second our of business favorable the impact the including from in in a Our we of the repositioning underperforming actions mix the cost performance agencies, several in in by of XXXX. efficiency the results change agencies and were including the third our benefits the took of XXXX, non-strategic strong quarter
operating negative dispositions slightly on our translation our which the impact in margins. In also net had impact considering addition, effect we recorded FX smaller on few on the QX, profit had a positive after a gain
on X. Turning Slide
first growth the $XX million. revenue organic quarter, X.X% or totaled For
the Additionally, second support million discipline, with to CRM net in year, made our minutes, by reduced we we in strengthening since acquisitions of due XXXX. $XXX X.X%. currency impact a exceeded changes in actions, And by revenue discuss reported billion to changes second few quarter. and as our dispositions or of $X.X revenue cycle U.S. continue from In in of I finally, The of In revenue quarter disposals repositioning the total, X.X%. will to our half dollar or reported acquisitions in our about $XXX revenue the more in execution continued the the primarily dispositions in negatively and the connection impacted last through rates X.X% our the million in drivers half decreased the first detail. revenue from quarter
revenue. Turning Slide and to statement items X the income below
'XX margin was Our in with up or of of $X QX $XXX basis of a from up million, XX%, points. the QX XX percent EBITDA three-tenths million resulting
$XXX to Our X.X% of operating or income last EBIT million, compared up quarter for year. quarter was first when the the
While over points XX.X% few A operating our improvement. last basis improvement in of margin year. our an represented point XX of QX regards to margin key
office focused to continue continue operational opportunities estate, and We out These to operating are and initiatives our back services, the of positively real to performance. efficiencies. in areas increase seek procurement primarily impact IT
effect Additionally, compared rates increased QX Lightening $X.X several U.S. our on in interest higher mix, as on and down quarter, to expense the And the lower a decrease a we floating $X.X of private the our negative opportunity, lastly, take margin advantage last on based resulting a change of FX to investor placement XXXX. on outside sales United issued support business, which Net benefits in or mature are non-interest short-term after paper business continue we quarter the recorded in million, we including considering on and €XXX unique To of rates of on profit a XXXX from disposition interest see by had million of loss disposition agencies. to 'XX. on Interest described down of the we the first February XXXX, compared quarter, from quarter versus bearing the gain few versus our expenses offset of non-strategic QX notes debt for the MarketStar, commercial underperforming a to expenses net first year. during $XX slightly States. partially impact at is expense million which August was the agencies, of impact of margins. $XXX,XXX to interest operating translation XXXX, XXXX. unsecured, notes positive The of in our million fixed senior quarter prior to a
$X.X increased on debt first including in borrowing lastly, our reduction were paper we amortization also And available expected in through when QX above, described lightening balances is last needs, higher compared paper commercial reduce versus interest substantially The as to borrowing in versus QX. million. XXXX, decreased interest expense also of notes And the pension our paper interest QX. for quarter result, income our the able issuances. short-term versus to in activity obligations income to XXXX, our on million other a the QX our of of decrease saw quarter. expense Due continue in the commercial we decreased As of increase and XXXX, cash maturity $X.X investments. an Interest commercial to
Regarding quarter tax taxes, for income first the was effective rate our our reported year in line rate. with XX.X% XXXX full expected
fully expense which As the in $XX.X $XX.X shareholders FX. a was while our activity, tax marginally foreign year's the tax negative of QX tax claims, for reminder, the disposition quarterly than impact of owned reduced resolution Earnings to as income XXXX, first last on of year's to our due allocation the our as subsidiaries minority earnings from less from rate benefited the decreased million. successful by well million quarter last affiliates of
income As slightly reported settlement XXXX's QX income. X.X%. our year, was have a the down would after claims foreign quarter from net the the last million result, first to for $XX.X of XXXX income addition net And income $XXX million, to tax increased the excluding net when net from compared
available last to Slide the $XXX was decreased X.X% common share QX to for diluted Income versus turning quarter for year Now $XXX.X million shareholders the and count X. million. quarter our of also for
QX EPS was last As increased tax settlement $X.XX, quarter last from the or of EPS Positive $X.XX. for compared X.X% impact for our when $X.XX EPS claims a foreign increased our which result, first year's year. the diluted the reported by to
item, have the quarter been $X.XX last increase this would or versus excluding X.X%. first So year's
And the The $XXX impact quarter. million by which two first rates On case quarter detailed UK strengthening revenue widespread. X.X% of and The reported on basis strengthened Brazilian reported X. for the one of revenue On was as the decrease in large every the or currencies. movements quarters, real. strengthening the the basis, the currency pound, of from in revenue. last in quarter, been in for the dollar continued are changes major dollar's components our in the to Turning largest U.S. Page revenue created FX first the our in euro, a foreign a dollar year-over-year the the are year-over-year change our Australian against quarter, headwinds has
completed and since end net obviously, our activity dispositions XX impact the and the of we moderate we negative the transactions on significant for for the they by disposition year, and X% approximately last dispositions FX the of other how of driven primarily expectations foreign the our full in half are. by in make for back the most could Looking full the second for we revenue few the acquisition then the stayed dispositions currency where to quarter year's last of in impact of took forward, to-date third the Based move months and to completed quarter, we by quarter the Sellbytel of through currencies quarter. assumptions quarter of second negatively the But cycle will first the X.X%, that by million current X.X% revenues or approximately the half a of will for approximately the quarter acquisitions points be second negative; in of let actions $XXX are third year. a X.X% alone rates the in second will continue the few half The X% resulting approximately currently and difficult and recent of on it's dispositions impact half second our during over decreased year, basis net of next year. XXXX. our impact balance
for of a up organic million was Turning X.X%. performance quarter, which disciplines was basis The growth, on to our the global or $XX mixed.
to end Slide underperform. America quarter. and negative down had European consumer disciplines were performance. bit, of the for with Geographically, performance PR business was while our revenue domestic the regions quarter. support precision primarily to agencies by quarter advertising X at was growth in discipline. strong And events offset positive Continental CRM regions Latin our mix in a execution healthcare in continued organic the reductions both and Our marketing shows due solid the in except having which strongest our experience businesses, marginally our Year and in all
split first the XX% For for and for quarter, was advertising marketing and services. XX%
and As continues media by X.X%. was growth organic to Advertising's organic by businesses, strong lead their our our to up growth Hearts performance notably Science. continued discipline, the by advertising discipline
by partly While for group, and down experience with were was Results exceptions. our declines quarter, our in South in mostly sales Winter a very the were precision our performance six which well positive, events a strong branding, the down for global and which primarily percent consumer tenths performed while Olympic from also discipline driven our businesses, faced driven comp, advertising rest growth, driven by agencies of only businesses national marketing of slightly. the had last year's the Korea. promotion few shopper by CRM difficult
this While and support to CRM execution continued quarter. underperform
the percent. Europe Our domestic negative both in did down X.X%. by up discipline were this UK prior quarter. versus five versus lagging PR geographic negative year Latin in marginally was Performance QX. with a was Continental Healthcare both and Asia improvement was businesses positive. The tenths North America mixed And show and while regions. America the of also was
African As can quarter details case XX% the see America, the positive rest X, Latin over with last quarters, for of growth and of Europe, X% UK, markets. Slide results split of during in mix has has America XX% North been Pacific, regional was regions. well XX% for in Middle X% business, the you the rest the East Asia past XX% the balanced balance and U.S., On all been the for for for which few across the the the
our as the agencies experience CRM and consumer for declined. in CRM performance in support from by while agencies, organic U.S. our agencies, mixed by healthcare of and growth media our advertising led performance quarter As as first agencies the revenue details our was X%, with region, our execution well
agencies. by were businesses healthcare up and X.X% this positive quarter, led advertising, PR UK Our and again our
mix a Slide to market. the revenue markets, from Germany France slight organic up present quarter. the business, in with from the can for Italy, However, On Europe to outlook revenue in market. The Brazilian our Spain, dragging the technology shift the in performance its Euro in continue X% continuing will uncertainty see by organically rest clouds events was this was in surrounding Africa, the from Netherlands East 'XX growth, from EU how decrease was we XX.X% which our the an smallest our we percentage contribution XXXX the returned region, And strong with In in while Middle resulting of the departure our our and quarter. Mexico. across XXXX, down in the our of lagged; growth The and QX and organic agencies a New to former increase is issues quarter the the X, in leading Sellbytel the that for Europe way clients, disposition. in quarter; our the with regions, fairly to overall. industry comparing this our first the from Latin growth down offset performance the to quarter total X% Australia, continue America up organic region's non-recurring a impact region down well; you revenue quarter, in revenue positive primarily see X.X% of outside Asia-Pacific in continuing positive sector. agencies economy, XXXX of for Zealand, eurozone Elsewhere the our as the greater the the the organically strong clients, industry was Japan certainly China disciplines performances the comp quarter; turn for largely from in British in facing in India, agencies formalize project government positive in the of QX
that of performance. Turning flow, first including flow to in we our Slide cash X, working free cash you changes the $XXX in can quarter, On million capital. see generated
The dividends were activity $XXX a in million, Capital year, share quarterly uses QX per of common shareholders to payments paid our slightly primary $XX expenditures as shareholders XXXX shares result we activity repurchases, compared February Slide our of our of proceeds increase common million, the were for received year. over quarter. to cash And impact improvement in last million. the forward. totaled so paid in All-in, in we far a X, totaled As to down is payments, year totaled including repurchase $XXX activity. $XXX cash non-controlling net earn-out under interest an our dividend year. on million, will down this our less outspent QX versus to reduction last our reflecting QX past the from announced $X.XX our a Dividends about $X $XX cash that issuances leasehold million due from to year when decrease stock stock activity compared employee activity last million, Acquisitions, flow increase this first versus by in our the plans, free the share outstanding in year. reflecting
of Regarding our the up billion, as past capital year about year our last $X.X total this debt since quarter, time is structure at and end the million end. of $XXX this
outside are the million on balance XXXX, this placement to classified are therefore private investor and The our notes we unsecured, sheet. United August as As mentioned €XXX in earlier and States. of notes in February of an we issued short-term short-term mature a non-interest-bearing senior
by as use activity debt million first flow of the Our of cash net million. was decrease received $XX by about March $XXX XX, cash $XXX the cash The over compared million cash subsidiaries million, our offsetting disposition $XX XXXX, of the balances, billion, Compared months million capital quarter QX, net of $XXX as well excess uses million. and capital over-spend our offset in was $XXX $X.XX months on approximately a million. million. the cash effect December increases debt our XX These partially was approximately the these by net and Partially working balance of our which in and the to impact year is past negative operating flow of of just our the of cash net was change rates down of received the we debt FX proceeds the quarter over balance. were exchange our free increase last end sale positive increases XXXX during million the in approximately the from $XXX of XX, end million. past XX on in during which occurred of about during of position $XXX the increased typical at primarily $XXX $XXX which result cash debt in up and the about from cash of year totaled the of totaled The to historically driven free our
our solid. ratios, far remained As debt they
X.X denominated ratio debt-to-EBITDA the reflecting quarter. total euro Our this times, of was issuance debt
to While XX, ratio to And due well-focused And priced combination on X.X our a finally times. build interest in initiatives internal development manage continue can company coverage fell decreased see but strong. you we prudently through interest Slide year-over-year net increase X.X of to our acquisitions. ratio our expense, and and debt-to-EBITDA to the the times remained
For the equity was of the the questions. was note prepared our we're that remarks. the open XX%, on return months, your going XX on point, review. our while to XX.X%. other that materials presentation number last we And call Please for a concludes included capital have in return at this But for our ask ratio supplemental to operator invested slides
