good morning, on with sales Mike start you, Thank quarter everyone. Slide of I'll and performance. X our a third recap
X.X%. selling points. were organic prices down basis Volumes XX sales points, basis up while XXX were Third declined quarter
sales last impact to basis of and All-in net points. basis XXX sales was quarter dollars currency third The acquisitions declined U.S. translation divestitures foreign point by X% increased XX a headwind Well, sales. in versus year.
offset solid growth further X% and we and in safety geographically, declined inventory as care in the channel in end delivered was electronics. the health softened markets more by U.S. were each quarter. two These growth through Looking and quarter. industrial which adjustments organically. weakness transportation and than and Consumer by This the businesses impacted at declines moved
across Asia-Pacific was in Japan's with growth X% most driven in of X% automotive, Organic and by broad weakness growth QX, declined strength base businesses. our down up export continued in organic X% related China was markets. electronics
in expect For to growth be single the organic year, China we digits. mid down
X% grew margins billion, which in EMEA the strong quarter sales income QX of turn Slide grew positive a growth were benefit for operating across quarter X% Please businesses. basis billion. with Mexico. and highlights. led Latin XXX X the included all third $X with $X Canada were P&L America, to third by divestiture. XX.X% Canada Company-wide from growth point Operating
productivity margins drive pleased quarter our I'm underlying nearly Overall, to that strong of actions gain continue third with XX%. to traction
of hand the right performance. the see slide, quarter can breakdown third margin of side our On you the
production to along quarter. margins the reduced impact cash inventories volume, was improve in our lower biggest to to with the the year-on-year decline flow First, volumes organic actions and QX in
were property total, to from basis versus point quarter. actions restructuring year's last XXX resulted reduction related factors Partially the offsetting these a in in as margins, In QX, third well headwinds taken these to as gains benefits sales. net
expect gain the XXX points prices to this primarily partially inflation, than reduced sourcing basis to margins, raw we as material resulting move due material to points came to offset we and Acquisitions net in Well, from raw to to in a quarter contributing divestiture, expected, continue costs contributed was lower continue a the M*Modal efforts basis forward. quarter’s third than selling a which XX margins. Higher prices selling benefit, divestitures net acquisition. which bit offset more our by
basis of impacts margins increased points. net XX by finally, foreign hedging currency And
Let's now turn look closer per share. for a Slide to at X earnings
earnings were this $X.XX share, divestiture. which quarter’s quarter benefit $X.XX included from Third per a
Excluding operational delivered overall performance. solid earnings benefit, team this XM strong the were as
of earnings prior at our performance, that year-on-your the earnings Looking items the per net quarter organic share reduced by the covered components impact of the third and reductions inventory on other growth, $X.XX. I slide,
by and increased share earnings $X.XX last versus year. third divestitures Acquisitions per combined quarter
Foreign currency additional tailwind share of $X.XX an was in net quarter. per hedging the
$X.XX year-on-year. Our earnings to share third rate underlying quarter per contributed tax
it companies versus with a and U.S. of portion average based to a The the created for shares primarily of added lower tax year, is rate benefits finally, function reform last manufacturing which And per outstanding significant in earnings. X.X% QX $X.XX last reduced their share by diluted we year's the U.S.
flow Please our turn to look a Slide cash performance. at X for
third very combined noted, related XX previously strong a QX billion in the quarter. impact from conversion divestiture, XXX% flow a which with cash Free Mike and was percentage included we flow As respiratory legal settlements. accrued delivered cash $X.X of point the negative cash rate of payouts
to for of cash of XXX% a raising to versus XXX% as XX% flow, previously. expectations our result are full-year, to range conversion we increasing a the XXX% For
in range track Third to quarter $X.X billion $XXX remain be billion were of and on capital the expenditures year. $X.X for to million the
million in dividends shareholders to $XXX million to During $XXX the and share returned quarter, cash shareholders repurchases. through gross paid we
saw most summarize XX, to we the safety where of the declined I year, turn and in half the organically Slide market and performance inventory group start industrial of which to the will which impacted Please business quarter. softness with first continued channel portfolio. QX. I'll reductions, for business, our X.X% our Similar end
geographically, U.S. declined. and and X% and led Asia-Pacific Canada. each by Looking growth in increase increase the industrial’s a Latin X% in safety Well, America, was organic a EMEA
in in and divestiture. which the when negative quarter this and included quarter XX.X%, operating benefit growth margins third inventory Safety X.X underlying point percentage Overall business were solid and considering reductions. a detection industrials the gas organic flames were from margins
and to Moving electronics. transportation
businesses factory as quarter automation The electronics last in digits compared high end-markets. soft consumer X.X% remains single electronics, to year. Third were sales declined and semiconductor down related organically demand organically,
down transportation business digits. and solutions quarter line truck each car light Materials single single OEM low grew grew with mid global in automotive safety Our builds. digits commercial Advanced both well X% was third and organically
Canada down by XXX XX.X% X% declined the Transportation Well, organically. and Similar digits. Asia-Pacific Latin margins U.S. points. operating lower X%, America, reductions. mid-single each safety up were grew were quarter basis and EMEA and impacted was inventory and Geographically, margins to Electronics third industrial, sales
broad our was single the delivered QX. growth care, business. of health led in Growth most organic a high health was based Organic to Systems. Turning Information Health digit across growth X% increase by in business care
to low new which clinicians. AI this in quarter. continue including business, We health in of single launched real time Solutions, the provides was invest insights software this up largest in recently our documentation digits that care clinical a business M*Modal, year's Medical to acquisition
Mike team, We are excited which will this to cover have Acelity join shortly.
grew organically digits softness safety up digits, was Separation slightly. in oral and Food mid-single down care China. to due mid-single primarily purification with
geographically, across Looking area. grew health care each
X.X third margins priority inventory from the were by XX.X% in Health Also platforms. margins growth percentage and related were impacted acquisition acquisition. points care's Acelity impacting operating M*Modal quarter reductions, costs investments
our were for X%. nearly led quarter third Lastly, Sales business was consumer growth by organic
digit mid-single stationery Well and in consumer office declined. digit growth growth and low in single homecare home improvement care. and health
Nexcare. in Command of strength many and our leading in continued saw brands We particular Filtrete,
each grew and low geographically, Consumer Canada at declined. single digits, Looking EMEA, Latin Asia-Pacific U.S. while America, the
quarter third year-over-year. the back up of our I'll That third XX. Please it wraps hand slightly to in review And turn XX.X% were margins operating Slide to Mike. quarter Mike? Consumers up results. over
