you, above came our $X.XX. midpoint guidance in $X.XX EPS of of Scott, good and Thank morning. GAAP
costs restructuring $X.XX of included of quarter. for higher higher tax $X.XX $X.XX and unfavorable EPS expected, As the impact which headwinds EPS currency $X.XX in of year-over-year combined rate, foreign impact,
Excluding QX significantly year. been moderate It my that year over progresses. in $X.XX, as have the that is of to last an important these X% More increase EPS we would expect on headwinds these remarks. specific later headwinds, to note
on In growth. addition, which percentage reduction X last as call, approximately EPS day, we to and QX to mentioned unfavorable was the impact to shipping less had also $X.XX $X.XX point organic X.X
line impact basis start was activities XX March points, of year-over-year on day As points Enterprise X.X%, basis basis a was reminder, organic below we improved In for basis. the our in trends day accelerated the revenue and equal XX quarter X% guidance expectations, on QX. was PLS up basis. contributed XX/XX to XXX this Sales an flat basis revenue in Once down margin strong points quarter. improved excluding XX.X% XX and of points. with equal our March impact. again, get restructuring on slower Initiatives back execution an related as that in to Operating shipping January due day Organic February
seasonally XX% quarter. as pricing $XXX resulted on first of was moderating as shares spot raw in and increased we conversion bright capital Return for of was with highlight flow inflation, our rate invested a better-than-expected was million XX.X% finally, planned. QX. stronger repurchased XX%, flow strong cash which also material in is impact free and the margin a price/cost which performance Another Cash
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remain as does our wins product strong program new new Our pipeline.
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an XXXX and X Slide guidance. to update on Moving on
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organic about talk growth. let's Now
sales second us comps comparison First, comparisons and terms we organic QX get in easier in of in half. then have more growth of the ahead one challenging significantly year-over-year,
Second, rate. points I which adds percentage shipping quarter, third organic one the as mentioned, there's extra growth to QX in X.X day our
builds the China, Third, auto Europe for North half. in combined and significantly improve regions, the to America, second are expected
we to As the and range our I growth will half builds the based mentioned down shipping view to has earlier, these in of be IHS Therefore, run X%. second the risk-adjusted in forecasts day in of rates, X% easier flat. being comps, combined and builds, auto on this will be regions extra expect our current up risk-adjusted builds X% organic guidance
margin is remains favorable At on we side, about on price/cost Finally, this pricing the and than essentially costs. with higher price more a improved and significantly dynamics stronger raw the price/cost material point, talked costs. raw basis, dollar much material impact margin neutral,
that related we the in of these the the above than half $X.X conversion approved The XXX% to payback the billion start significant quarter driver the the expect of average repurchases less basis in know, half at I half range. we cash to And remains into $XX of that and accelerated projects second be year, that benefits start the will full addition, restructuring support share a net off The savings million are the improvement earlier, benefits projected XXXX. we're to for the a strong free we you allocated to we expect in give for $XX income and Enterprise projects as the activities projects year. said year. on In in to for are and XXX half million first margin projects flow least first on every second going to as consistent we've expected in and most the forward the year. that improvement where sights Initiatives And clear line of have and to of points
I complete XXXX, portfolio some of we're Before few our up wrap Overall, [indiscernible] our comments, management my Board activities. planned just on to words a pending approval. on track in of prepared divestitures
businesses, attractive of interest seeing valuations. solid Given quality and these the ITW we're
the which complete sale gains of all current As we from XXXX, they for pretty trigger on will significant project and guidance. proceeds, cash excluded some are our schedule
when point be these of And organic divestitures divisions, margin we're margins overall of before, expected As we reminder, delivered rate $X.X up terms strong and accelerating as X.X committing billion the divestiture are set for our sure XXXX, some the commitments In EPS-neutral, and plan favorable with to in our to in stronger above accretive, we completed that on the challenge earnings half to organic growth will our share growth plan delivering we expansion. a EPS cash of the growth have are dilution growth half stated and XXX the back as and organic of for returns, basis have to end we're past free by the quality of offset that X-plus we second Karen, we any continue you. back of the points solid Overall, tune growth in to incremental today. margins in years, despite long-term best-in-class repurchases near-term challenges With expect of these year. summary, with to a that, making flows. dissipate and
