you, Frank, thanks Thank us everyone to for today. joining and
now me in flat and sales Food set segments. across currency let business volume of In continued all four Design comparable neutral performance Turning basis Flavors, first in slide to quarter our review ingredients. each growth Nourish, with declines our a on were by X,
protein the food cellulosics XX% texturants Frank approximately quarter volume solutions, our declines the in Nourish company emulsifiers and representing which of and had volume total and ingredients, As pronounced decline. includes shared, protection most sweeteners, core
despite price lower decrease actions adjusted our operating EBITDA -year pricing in -over neutral year $XXX -over and inventory our and the and quarter, the this productivity currency same neutral strong currency with Despite decrease to in manufacturing and a in offset comparable decrease a Health due currency year productivity more Biosciences pressures in mentioned XX% volumes -over efforts, unfavorable XX% sales initiatives absorption that segment, -year neutral earlier, million. EBITDA, a year operating those our Those comparable adjusted X% I and -year gains. within impacted contributing to the than increases program at Nourish quarter, reduction
saw we also growth While Enzymes volumes Personal manufacturing and our Food Home Cultures solid absorption and care, pressured lower unfavorable and and performance. in
growth well, currency division double a volumes, Fragrance X% increase mentioned in EBITDA, and gains, was Fine higher Consumer driven resilient. perform an to quite neutral this digit Frank and has delivering our As comparable the currency by quarter earlier, as Scent’s sales in in productivity Scent X% remained and pricing, comparable division operating driven continues neutral increase Fragrance. growth adjusted by
Overall ahead continued unfavorable increase growth with also of in delivered and comparable to comparable the in core track, in pharma. adjusted modestly Biosciences, share and productivity. volumes, like operating better was to and EBITDA. on were favorable quarter, That the pleased by our volumes impacted lower currency EBITDA decrease X% leading and currency sales a neutral Nourish I'm Lastly, by Health has led segment the Pharma a and said, expectations, slightly manufacturing sales, X% pricing absorption, neutral for Solution
which in million spot improvement quarter. the in Now discuss position from approximately million $XXX a period. year ago bright million $X we an inventory year reported a our flow leverage versus negative XXXX. the in end for $XXX and I'll operations the this flow Cash is cash quarter, One on decrease our slide grew was XX, quarter versus
call, genes, over our our discussed a system of including As actions process supply we I the on year. of across rapidly initiated and fourth inventories chain, course reduce business enhancements, our quarter have to number the
through adversely negative manufacturing a impacting the it impact over be short-term recovered is this will P&L is absorption, that time. While
purchase I our on payment AP. also and us, adversely of flow. behind for are our efforts in over lesser to maximize we our cash Looking ahead, QX, position direct to headwind the result whereby impact reduction while do want patterns, on majority season note near-term a correct raw we accounts materials, as and slowed the albeit we which inventories QX, the to degree by have than impacted payable reduce program, as that of quarter inventory inventory to continue XXXX a our had a of was
this This we expect improve due inventory our to the We of target $XXX elevated timing project million, or and we of achieve year year. was expect the course level. the as of will was spending over approximately CapEx for the the through balance quarter moderate to sales. X.X%
year will full continue We believe in million to XXXX. $XXX for we be that CapEx around
first Our million cash our This of and free flow integration cash the for in Included the with related related transaction consistent about $XXX is primarily negative business. cash seasonality costs. for $XX quarter of was costs, our to million. flows is flow
for of million leverage, currently cash with equivalents $X held the assets we million quarter includes of in terms which and In finished cash $XXX sale.
the adjusted $XX.X EBITDA net and trailing our totaled totaled billion, as XX-month was approximately credit our credit earlier. for $X.X While adjusted EBITDA debt net we mentioned X.Xx debt to quarter billion,
past were that first we our have While a our proactive on quarters, debt slightly execute is continue quarter. in challenging covenants our appropriate strategic we market. to the priorities than few leverage capital renegotiating the To in in higher may what in position as ensure flexibility we be
and actively without divestitures down we for that aspirations. impacting our with flexibility additional debt Importantly, long financial continue the term to consideration portfolio evaluate provide pay further
to Turning outlook consolidated for fiscal XX XXXX. for year slide our the
that the remain acknowledge in in maximize half. flow, their the conditions destocking As believe uncertain. they with have to we remain ahead steadfast second to can resilient the our efforts remain volume the we focus have look protect yet broad our majority drive optimization. as we and are that our market portfolio performance to will ending, customers, but In based volume control the to profitability, what of improve, continue we our improvement year, signaled discussion consumer balance will yet to see cash believe Nevertheless, control across a business, we
For largely sales material approximately the This now billion energy $XX.X billion previously. expect adjustments. $XX.X year, we versus related change pass-through full price be to and to is raw
in unfavorable a addition, exchange. In foreign modest impact increase have from we
call, earnings pass-through to which related energy pricing is much via February XX% noted our inflation, with moderated surcharges we was As significantly. our about guidance on of prices having original of X% energy
EBITDA flat comparable approximately our are be continue maintaining believe neutral and $X.XX to growth expectation adjusted operating We of currency operating will adjusted EBITDA billion.
headwinds are that EBITDA to This adversely and neutral us impact have growth incremental of we the sole flat for be adjustments On expected to pressure neutral the items is to we and now driver is and Foreign XXXX. comparable exchange full is which the of sales translate noted the volumes currency The as course comparable approximately approximately pass-through significantly again and X% price X% a basis, once year. will pressure continue above continue adjusted raw currencies due a will into to to energy currency all believe material devalue respectively. X% expect versus hyperinflationary X% will expect over we handful operating continue previously.
calendarization, second net growth in half. offset modestly X%. be rebound expected we a modestly result the up with market year basis performance each be in second first which than and on better that to will a with second believe context, year To half provide On terms subside is more with approximately second X%, year half expect destocking, was of plus of favorable the expectation, sequentially will a the negative broadly comparisons additional the In The our are anticipated, to be first a quarter to volumes of first quarter are we favorable. volume challenges volume average lower. quarter our reflective we expected two half we improve as are we volumes basis, believe by half and line ago
quarter initiatives We generate on to billion and $XXX full focused cash we down flow with levels volume second driving inventory billion, approximately through digits improving for productivity the intensely adjusted savings and to of to $X.X ensure million million. to EBITDA performance we $X $XXX restructuring specifically, approximately the For expect sales operating cost remain be our mid-single and year. strong
of As XXXX billion, items. flow more integration, than to target a we result, continue cash and free geo $X cost related related adjusted restructuring excluding
and path XX, a consumer to reduced we visibility we environment, on to Turning customer that including the challenging inflation. outlook recognize continue face of demand slide and
remain execution continuing we on foundation However, performance. focused of can strengthen we control with the operating intently and to what goal IFF's
but not drive enable few priorities to manage top long-term only that profitable we've there discussed, a As are operational growth. will IFF to complexities, these also
areas be priority accelerating achieve line long-term supporting continue To our we top key while pressures is surgical pricing business strategic this to to goal, we volume highest inflationary making Our growth. in are investments of more recover actions our in and growth. key ensure
as rolling Enhancing remains out of essential part ’XX improving planning approximately while maintained also in and $XXX supply made will levels be increase agility also our operations and sales, In our have efficiency. transformation. inventory strong service service great and December first process. bottlenecks from with chain customer million we We progress a to in quarter, productivity we this, reduce also conjunction the inventories, redesigned our reducing enhancing
quarter As and and deleveraging the be I we our a million contributor flows the focused long-term our target. Last, remain balance on over our mentioned initial of began this will benefits cash this of $XX laser benefit achieved And year. improving restructuring the to earlier, approximately from EBITDA successfully year. increase delivering results expect rapidly during strong we performance program. seeing our productivity
make the continue XXXX year. into to to expect working We capital net next improvements of and balance through in
pay debt. divest QX Flavored Solutions in down noncore our used complete we We our optimization businesses Specialty with to expect of parallel executing proceeds sale In continuing portfolio and to to against Ingredients and are Savory efforts, the QX, business,
Going and our portfolio forward, a our central additional we evaluate of is continue structure. strategy optimization opportunities to to part strengthen this capital
With call that, over I back Frank. the would to like to turn
