Thank you, morning good everyone. Dale and
for the increase consolidated an net $X.X the over second our the in briefly of up of second quarter X.X organically $X.X segment then million of the growth. of of of point to parts Every points recognition quarter which cover the results Acoustical to increase of growth. Note foreign in overview X, sales that to Turning standard, In of growth of in quarter Favorable our in X tooling quarter company results. exchange contributed achieved with all million, I euro $X.X Solutions. with Thermal new substantially of quarter XXXX was organic will sales X.X% the of of primarily XXXX, an timing growth $XXX.X future Solutions, is sales, million related revenue of the second consolidated indicator million sales accounting of the additional and sales of XXXX. Thermal contributing second grew this stronger an compared Acoustical an X.X%, Slide tooling the impacts provide segment operating XXXX
to points As to incurred down of the the time acceptance Reported year. margin prior and in over sales are was operating Lydall second predominantly income upon as a revenues and delivery reminder, tooling resulting to contrast tooling practice basis gross recognizing $XXX,XXX. customer. XX.X% prior quarter of costs XXX was impact standard, from margin The under recognizes gross the new
inventory Excluding in XXX acquisition-related charges basis XX.X% down ‘XX step-up ‘XX, severance was in margin charges points. of restructuring QX adjusted QX ‘XX and in QX gross
in from the statutory and or amortization the points in expenses. rate for rate was tax The XX% XXXX margin in XXX prior Geographic these OEM which margin $X.X costs costs fixed from quarter. to higher below margin operating was benefits driven the of gross points noted, XX $XXX,XXX margin the points second absorption leveraged under to spending, the quarter by mix was U.S. with cost, contributions and XXX quarter compared Solutions including Adjusted lower the expense primarily was Thermal activities Dale points items, basis of same manufacturing on aluminum of related XX second XX.X% negatively impacted corporate pension U.S. X.X%, and the included was SG&A in expenses higher effective year. second basis XXXX strategic tax by period by the operating discretionary quarter the drove related restructuring statutory quarter Acoustical Lower lower of in As intangible rate. lower basis offset by volumes, points for and down for in of X.X%, improved Consolidated margin XXXX XXX basis rates. impacting million initiatives. gross increased
rate we range For year the now XX%. the tax XX% in ordinary to the full of to consolidated be XXXX, expect
inventory flows Cash $XX.X earnings of in flow $X.XX compared increased XX.X% second provided of purchases $XX.X EPS with with severance Second the or pension to earnings reduction the the and adjusting operations cash quarter was in strategic by year. $X.XX When expenses, in second for delivered prior the adjusted were million $X.XX the driven adjusted in diluted compared in discretionary step quarter. restructuring the quarter of strategic by per initiatives quarter contributions up, XXXX. of material share down $X.XX per XXXX of quarter was share raw inventory to of and made compared XXXX, second million expense, earnings $X.XX
for the future end adjusted of approximately outstanding cash second remains Our well ratio X.Xx us liquidity debt Total end strong. the the of XXXX, At was acquisition million. EBITDA positioning for of was facility million a from credit at quarter growth. $XX.X debt net $XX.X quarter
$X.X As more compared XXXX. XXXX, second in it second the half spending is up spent to relates to capital $XX.X $X.X than million million million expenditures, first Year-to-date of of quarter in of Lydall $X.X the quarter XXXX. million
in automation strategic we capital We $XX spend non-wovens with in each anticipate consolidation the capacity continue productivity segments. technical prior direction, Thermal million in activity invest range growth of and be site spending through to related the ramp to will $XX three the with in million in to and Acoustical the capital XXXX Solutions XXXX. to expenditures Consistent
recognition Note down $X.X year. Moving absorption of discussed to from tooling recap Solutions tooling sales commodity manufacturing of foreign cost this to XXXX, million sales that incremental with in were revenue operating companies majority acquired driving will of growth Through X.X% the first growth XXXX. results. higher XX of Adjusted of is by is the Slide exchange $XXX,XXX was these X, $XXX.X sales the period amortization the the and X.X% Acoustical same half basis cost in favorable Including year-to-date of related or or margin first million. previously basis of to and under I last Lydall’s million in compared to of results growth new points compared Organic grew complemented of of X.X% of points XX.X% X.X% $XX.X headwinds, standard. Thermal XXX of erosion. half
providing X, vehicle will our discuss engineered solutions under our start for hood, specializes applications. body, segment Acoustical is under exhaust acoustical Slide I This to Moving and automotive thermal results. segment. Solutions and business, will which Thermal in with global I powertrain our innovative
by the quarter. led support $X.X million, quarter $XX.X recognition of foreign added X.X% margin unfavorably related shutdowns of Second were customer X.X%. strong growth in million to cost labor euro, launches, from Net unfavorably year up adoption XXX of business sales support OEM the by or of revenue to outsourcing by $XX.X $X.X in million and this sales exchange, including the and part growth. organically sales X.X% new the were quarter million Increased in to million customer impacted with $X.X stronger product volume basis by sales China XXX domestic margins to operating points points. $X.X million primarily of and up standard. declined second in compared grew Favorable Europe qualification growth X.X increases activity Tooling last points basis product XXXX. Adjusted impacted
aluminum with XXX higher the higher and from volumes margin the million shutdowns combined pricing, inbound and contributed on points tariffs In $X.X period, about addition, absorption prior driven XX% duties, well. associated by freight domestic were up basis year as a another OEM under headwind. drag Lower
which our uncertain volumes progress discussions, to quarter and Commodity the in of quarter operating particularly the results, to equipment see we remainder global discussed customer the continue remains address actively context As pricing trade second we monitoring. the in for ramp in of efficiencies. in XXXX, current are first
through other initiatives. we customer impacts sourcing, work these extent negotiations continue to able are to on the We mitigating and
reductions This X, on in provides higher and Specialty Moving sales air to by Life led fluid to offset $X.X other insulation globally. Performance low by insulation end-markets a grew X.X% filtration in up products cover our segment. second both volumes temperature the organically variety by sciences $XX.X filtration specialty the with power up in quarter Slide gains I sales X.X% sales million Sales double-digit or by Materials and modest segment were cryogenic quarter. led in categories. growth will grew X.X%. of insulation million X.X% solutions to
the tailwind provided of Foreign currency in favorable a translation quarter. X.X%
driving higher by pricing quarter and with XXX cost pressures points labor to change. the Second select eroded basis margin operating XX.X%,
medical of industrial technical Slide first margin as and in SG&A applications higher the segment. among liquid however seen operating air for basis automotive, geosynthetics, and products gross others. produces segment as XXXX XXX lower such engineered our We and by covers other media quarter use expand margins expenses. by XX period led various as well points have from This filtration non-wovens commercial
by demand quarter higher and For $X.X XXXX, currency were for up the filtration Organically, Materials million, industrial not basis customers quarter were offset selling $X.X including from largely and the demand declined totally basis XXX Advanced geosynthetics of profitability $X.X were for million by and to margin sales From higher specialty X.X% primarily of higher favorable driven costs, on $XX.X or XXXX same operating of grew North second improved period Gains XXXX applications. adjusted XX in driven points a which price. the material million in by second compared sales or America. perspective, to points of in higher on million but of $XXX,XXX X.X% sales Europe amortization translation.
income, As expenses restructuring a points $XXX,XXX related in the to year. XXX excludes the period basis operating or same XX adjusted points last to of $XXX,XXX or activities compared basis in reminder, ongoing quarter
market of and with on by half to to demand both healthy that Through position strategic we earlier, end call on With we performance markets the operator leverage will the solid review of leveraging segments, to noted our and to the in I first business positions solid second driven deliver leading XXXX, our confident begin turn question-and-answer these operational acquisitions, continued serve. remained the to XXXX. enjoy. performance end-markets year, to organic and of of driving inorganic and Dale non-wovens concludes be second the As growth demand technical focused on half we saw restructuring the we in Thermal integration and the be Entering top and the on in Solutions, executing generally across us Gutsche all respect line the back that, improvements results. Texel continued we have growth remain strength in performance Acoustical track improvement, now our industry in side of That integration by supply in XX% quarter the gained businesses and continues our session.
