good Thanks, morning, Nish, and everyone.
The a few executed difficult in performance I highlights. back Before begin want step to the environment. P&L well and I review, team provide a
On lighter see both operating to decline, programs, the Year-to-date, income improvements expansion. impact segment operating short-term our to of adjusted the across strong a revenue X% volume. is great controls structure long-term reductions sales drove and X%, adjusted revenue of relatively International actions margin challenging of conditions cost restructuring our cost from collectively flat pricing drove leverage despite decline discretionary XX compensation mitigate and points basis on the global end variable and we markets. business to Returns helping
more capital. efforts approach this conversion We allocation capital to have XXX% flow quarterly maintained to working our than pandemic cash and balanced of our proactive highlights our manage through
May in our We business, continue increase an sheet. an and grade maintaining to dividend in balance investment heavily announced are to our invest
in allowing we as initiatives positions a financial number of invest long-term navigate business challenging strong us the environment. Our the is position well organic that for to us
positioned on visibility are to M&A very conditions in We terms well and of improve. offensive business the as go
I’d quarter through to Now like you our walk results. second
local The revenue euro partially shipments respiratory offset while a in declined ago. portfolio, across currency weaker and on Brazilian quarter currency revenues year the X% by SCBA to X% headwind reported, industrial and foreign was XX%, a service was down into growth of As versus weakness on revenues. same strong our revenue related fire real
and the as cycle rebound economic areas, overall hard half. is the shape remains quarter it healthy end first in is the While our shorter the expected. should provide consistent of from we support had the of relatively backlog to second the Backlog predict recovery in and just
the our broad States While in up the of up a profit based and tell there in was a with started incoming is service second that us costs pandemic, I across spot points XX% coupled the see is growth XX% of the was by in fire on International were of the What and is in a in constant million United organization. $XX basis Gross to The periods. items focus about International have margins business in is in freight the higher million here rebound most the were segment FGFD. quarter. business can nearly in the product especially realization America, especially with and Revenues a on associated XXX the part a protocols basis factories, bright our costs remains safety uncertainty, our the quarter. year were Price We mix. Americas remains quarter incurred a from These major margin. and for back COVID including sites. significant ago, to work These Latin been has throughput pricing related implementing and XXX for measures very points focus quarter expense currency for additional to X% March. $X or segment down our our you SG&A organic the across basis costs what in favorable improved orders margins based portfolio, the gross impact latter across improvements China declined healthy a XX%. lower encouraging year-to-date we in less higher evidenced reported is had and related segment terms. as of
from quarterly operating where We continue to programs, particularly margin is basis the realize restructuring points. International returns previously expected XXX in executed up
the this Americas We as segment SG&A in was revenue savings costs on services constant maintain expense, to we controls programs XX% reduced of we executed hiring, professional discretionary previously quarter, And down travel, leverage million cost discretionary For continue currency through through as advertising of reduced and the controlled show well. the quarter $X segment, to the see We well. SG&A as trade manage solid delivered savings plan decline includes from and cost the restructuring X%. other and uncertainty. third in which
in reduced From $X segments in significant our most to continue of Corporate the related optimize with second in our million also million the of just business. two the cost by restructuring under programs to a incurred accruals we We impact expense variable footprint. invest areas. the longer that and structure perspective, streamline compensation term in Americas We our $X and our quarter, quarter
COVID part this laid at of that the savings plan continuation we These will out The activities. reduction year XXXX. European the have drive Investor take and to line time steps for we Day on the accrued map that later accelerated European programs first fall we road cost challenges. the of for that We based is demand last are cost reduction
have restructuring I tremendous and indicated over have European we earlier, years. executed that leverage the As past had the we seen several from initiatives returns
global manufacturing relates program to other footprint The optimization.
last recall, at the of of November, expand manufacturing you discussed in we Cranberry to had announced excellence opportunity construction to new streamline June, through Investor we our Day operations a gas If plans our facility. detection Township center the and
to to have close third taking we These global provide detection that savings steps recently of gas we actions our $X we operations of further global excellence in to Forest, cost in Lake program, will plan of the are XXXX expected manufacturing our in are announced million in our the million savings enable workforce As center part of to and advance to XXXX. quarter $X XXXX. California
continue can beyond. We drive further implement programs and to savings evaluate XXXX we and additional in
talked an adjusted from million $X.XX expected lower year on February XXXX of XX.X% -- a is or indicated margin non-cash to than adjusted had Adjusted had often the growth number that XXX% a about up basis That margin expected. headwind see as year. these cash conversion we sales. the XX.X%, Year-to-date headwinds share $X.XX that in adjusted important share Quarterly portfolio pension improved the margin quarter than a impact earnings per XX it’s XX encouraging flow projects. We wheels per moving ago. basis this the we opportunities $X.XX despite have We income. on strong operating at at of were operating year quarter more revenue full in running are net X% expense. of earnings and Free impeding of was points on expansion $X in our to call long-term points
drive continue as in our We practices manufacturing improvements investments the receivables inventory to we respiratory up fully to operations. best offset ramp payables. are we and These making efforts apply in
include associated respirator CapEx projects second Our the with in $X results quarter of million investments Jacksonville. ramp-up
cash half, $XX remain our paid $XX flow in offset million, million generated million Our focus that growth the basis $X less at Leverage million, debt gross capital than was priorities to debt first advancing down dilution. during drive end quarter the basis. is the balance by of repurchases dividends profitability on very long-term In to X.X will free sheet of funded continue $XX we downturn share well-positioned strong and times a and allocation times remain deployed improvement. organic balanced. to opportunities on We X net on or and a this for
lapped We with targets. to offensive well and second on close EBIT the here second will back pipeline the also this organic are we Monitor pleased prepared invest very look quick has on acquisition to When continue go than a XX% Doing margins note we during in right, in staying active more to is very be growth. to quarter, Sierra that acquisition, which and development the time the quarter. business be the I’m attractive reported
second different of for for difficult business, the choppy of and a put related and the into the was third. in before been had have environment acquisition, recall demand trends up, outlook business line. gross the much point just challenging, a From challenges, order XXXX, to remains half. resurgence to and are in strong To the barely the a hope it it’s of XX% fine in perspective, second but you quarter. but the If Sierra’s see margin shoots There of the virus with areas broke on EBIT good the economic quarter level the even wrap very the on profitability
healthy Our vigilant long-term as half, be our but in improvement remain second projects. enter executing continues backlog the structure we cost margin to on managing and we
have been through we to approach. We and crisis proactive continuing are this very committed that
commentary. are well manage and over to We for Nish? the that, turn this some I call additional to a from stronger Nish positioned organization. as downturn will back With emerge through
