you I and to wish turn Kevin morning. Please X. you, a very Thank all good Slide
on also restructuring the simplify second program supply and while discipline. strong a was serving Our productivity and initiated by large streamline part our of focus our organization. quarter, spending improving performance Also, to customers, continued quarter chain driven maintaining manufacturing during we the
our and supply streamlining bringing also layers closer and chain, aggressively rooftops go-to-market our while reducing to us models customers. We are management
mixed continue situation in has patterns consumer and electronics trends by weakness slow, to retail trends. as discretionary while end industrial been anticipated impacted U.S. recovery remain persists, soft soft as spending largely with challenged markets. uncertain the steady. electronics, in Europe and trends geopolitical China's End-market end export play in Regionally, out remains ongoing in markets the
quarter were This as of currency from Second or billion X.X% forecast headwind minus This versus down $XXX forecasted better expected demand. translation lower X%. total On minus X.X basis, points X.X% smaller-than-anticipated than year. was of result versus a last year-on-year related adjusted foreign or experienced to sales little a respirator an organic sales percentage declined of X.X% $X approximately result we disposable a included an million year-on-year. adjusted headwind
declined sales X.X%. Excluding this QX impact, adjusted organic
basis, of negatively restructuring, percentage XX% pretax adjusted quarter versus up $X.XX results X.X operating year were margins points by with $XXX $X.X or by On XX.X% up XX $X.XX $X.XX, were which restructuring impact second billion basis an margins earnings earnings second and year-on-year. $X.XX the margins operating was points million quarter of included per operating and Without charges operating of share. earnings income impacted adjusted share. These per of adjusted last and
and volumes in more the was to lower components to to result improved points percentage earnings. productivity, results through other prices from sales while The invest and manufacturing restructuring, we an to of offset and inflation selling continuing able that were impact $X.XX business. benefits the spending impacts than impacted Turning X.X net year-on-year; increase discipline of strong to margins
energy $X.XX $X.XX margins The of basis previously mentioned share. million approximately per earnings. headwind points operating to earnings impact higher inflation impact and cost a year-on-year carryover from $XX resulted of margins impact a negative negative and XX points in raw of headwind to or logistics a XX disposable created and basis respirators to material, operating to of The
foreign to to X.X% impact resulted negative total currency but in XX Safety, margins translation earnings per did earnings primarily impact a and Divestitures, Food points mentioned, year-on-year As per $X.XX of share. of share. sales. was to not resulted $X.XX in This margins basis to a headwind headwind a
per items was by partially benefit. non-op net by count other earnings lower offset by a increased a share which a year-on-year primarily Finally, financial lower driven $X.XX share pension
team's global groups. with is actions, to In adjusted of driving sequential in improvement all productivity, spending summary, These starting our controlling in drove across coupled results. executing business our chains, on and margins restructuring improvement supply operating actions focus yield
Excluding margins adjusted improved operating charges, X.X restructuring percentage points sequentially.
turn Slide Please to X.
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to analytics and leverage daily adjust inventory and to of continue data of increase data output production We management the the end markets turns. and power velocity to
year-on-year the as expenditures quarter million invest growth, were $XXX and capital we to similar continue sustainability. in Adjusted in or productivity
$XXX shareholders year-on-year. to returned via down we at Net $XX.X quarter, million XX% the dividend. stood end QX or the of billion at During debt
their Our continue of robust history business flow segments cash generation. long
existing the proven Care provide X dividend from with In addition, flexibility. will along of financial to additional ongoing anticipated to to capital the structure, cash and the legal us invest shareholders needs related continue provides in our matters. flexibility retained and at capital EBITDA spin onetime strong markets, capital X.Xx to Health our the return This, the flow combined business, access to XX.X% stake, with meet to
COVID-related business business group posted X.X due performance. X year-on-year with Slide of of last which or Safety decline. percentage X.X% points $X.X to to turn Industrial sales headwind down year's result million please organically; our Starting Now, $XXX billion and approximately for respirator a included this or disposable our
organically Industrial Safety X.X% sales Excluding in disposable and respirators, QX. grew
high safety increases year's respirators, comp while Organic automotive granules digits declined personal last disposable growth up single personal mid-single-digit organically. due and was disposable safety was excluding led respirator by roofing aftermarket, in to
Closure versus by and electronics. and operating shipping in income be softness basis and down XX operating Adjusted continue impacts. offsetting points volume, year. while strong The was masking from year-on-year and margins adhesives to and sales tapes discipline were year-on-year restructuring XX.X%, actions, packaging Partially million or to points slowdown up last margins activity, in impacted industrial was sequentially. price. by X in productivity were Adjusted inflation spending X.X% headwinds lower benefits costs $XXX end-market driven up and declined due improvement these percentage
in largely demand Electronics decline of organic sales QX billion. adjusted on growth to Slide to the posted and which Moving XX year-on-year, $X.X for Transportation declined electronics. continued X.X% due Adjusted
XX% Our business car and year-on-year, than builds. light XXX global points basis truck approximately approximately OEM increased higher auto
to electronics for demand soft end-market electronics. be Our by business continues impacted
organic experienced end this adjusted As a sales remain to decline a XX%. Electronic uncertain. result, of approximately highly in continue year-on-year business markets
growth rates easier comps. lap in year-on-year first down versus second remain We half improve in in XX% start electronics to nearly our to however, the expect the half, we organic negative as
Electronics X.X and delivered Electronics; the organically, million year-on-year. operating digits costs to Transportation XX% percentage transportation points volume discipline, partially while X.X rest margins were sales driven pricing. restructuring increased in single down of productivity These strong impacts. adjusted headwinds commercial $XXX high points down operating Transportation Turning sequentially. Adjusted grew were inflation digits [indiscernible] and year-on-year, income, Margin headwinds percentage XX.X%, spending and and safety by year-on-year. however, offset from actions benefits were by declines,
lower These Separation budgets. Looking demand in grew low impacted stress declined oral care business slightly organic sales Systems XX; Slide digits, hospital and ongoing and and up respectively. by at be billion year. year-on-year on Health versus were QX biopharma $X.X up digits Health with slightly. continue and Information sales growth to businesses low our mid-single purification business last single and on Medical Care Solutions were single digits Organic post-COVID-related
As are procedure confident business. impacts, budgets through in of improve, and post-COVID-related volumes stabilize this long-term work we outlook the continue we to hospital
from increased discipline, XX.X%, lower Health inflation These X.X points. volume, X.X Year-on-year operating were headwinds pricing. margins year-on-year. Care's and sequentially income restructuring actions million, points and second costs XX% impacted spending impacts. margins by percentage partially benefits productivity offset $XXX were however, by quarter down year-on-year, percentage was were down Operating operating sales strong
Finally, on Slide XX.
business discretionary year-on-year quarter sales sales Consumer second soft. X.X% Our $X.X posted spending remains declined billion. Organic on as of categories hardline
X.X stationery and both Organic $XXX continue health second year. sales year, down care, and restructuring sales operating operating partially slightly office of home from impacts. margins percentage declined. auto XX offset up strong X% with of XX.X%, year-on-year into by costs by the half productivity were We was The expect driven actions was points in the last income operating year-on-year trend this home, decline lower down spending pricing. in and while basis sequentially. grew These quarter and inflation Consumer discipline, volumes, compared but headwinds benefits margins and points second to million, businesses improvement to
our update full XX That remarks on concludes turn second an Please year on our to the expectations. quarter. Slide for
we expected the that earnings we and to During call, macroeconomic continue into end-market our persist January highlighted uncertainties to year.
to supply noted healing the starting of addition, chains. that In we were see we
although raw availability to expected lower and see at we continue However, headwinds inflation, a material level to XXXX. than from
performance deeper that We not as Care. continue we we do and stated look to Health be also we the with everything at for our prepare would were satisfied we taking spin a of
we and that result, we actions through bring customers. us our as year, we a noted to drive simplification performance, would be improve chain to additional taking As the move supply closer
Starting While to work let to take examples half progress we do, more sales me our moment a we the with performance. of a have the few through have on the year. made provide first
end slightly expectations. as above was our out QX continue markets revenue While expected, play to and QX
improvements drive backlogs demand Our leverage focus teams data continue to work the down relentlessly planning. and of serving and data to our use analytics in customers, on
addressing are structure. as aggressively have Next, mentioned, we we
track structure segments manufacturing our including in supply the our are chain. to reduce across corporate, at We and in company, with on actions business
initiated XX those have export model, of transition with the to to an and customers distribution countries local markets. We partnering serve
we good levels made addition, finally, to corporate In production trends, we our inventory progress end-market including control conference Minnesota. to have aviation manage the operations our Northern and of aggressively continue and exit in And structure, center our reducing adjust spending. in
first earnings our of anticipated, actions, a material and availability, to we As able global result chains half cash supply raw particularly in deliver with along margins, are for than better flow. performance improvements and
$X.XX. earnings points results the included headwind $XX.X earnings charges to first half share margins of million delivered the $X.XX of a and sales XX.X% we operating adjusted an percentage year, to in margins restructuring These per on share. pretax $XXX of of In X.X of or billion, of basis, and per
and capital to execution inventories, In addition, free XXX%. with of conversion $X.X a flow billion of helped operational us particularly strong working cash management, our rate adjusted deliver
improving result our expect earnings to we rate. year's range guidance; first of versus of year prior strong in the $X.XX our earnings operational $X.XX range evidenced an of expectation margin to adjusted a execution We Turning as now half raising full are as by to $X.XX full a $X.
continue our consumer X%. remains performance to with see to industrial our along We disposable and in date million in see year-on-year high electronics, continued to improvement signs closely down growth anticipated approximately from This lower finally, reflects Therefore, the adjusted XXX%. and yet end in of of our or XX% of our tracking China range and cash along macro with conversion to all $XXX trends headwind end-market tracking to our currently end-market across respirators the retail, particularly And have a forecasted expectation monitor free end range unchanged of of to organic to uncertainty. businesses, our minus full range year trends. flat flow we
exit The end-market Looking Russia or to very be $XXX of to year-on-year trends billion. from points. of impact sales we percentage a year's in adjusted ahead disposable $X third COVID-related third sales to we anticipated last respirators X.X similar approximately the expect be QX. the to to million quarter; Hence, be headwind and approximately anticipate decline quarter to is
quarter to Third $XXX pretax the million expected to million. be costs in $XXX are range million $XXX million pretax to with of benefits of restructuring $XXX
Taken together, of to we in share earnings quarter expect per will the adjusted third $X.XX. range be $X.XX
in the progress up, costs our ongoing chain, wrap weakness. strong business the serving investing in a focus improving and execution continue our making our supply To navigating managing on actions, customers, we end-market have to in restructuring while
our organic actions performance the momentum margins improve cash growth, continue into expect build will We and and to flow future. our
I they partnership am dedication their and in and for confident customers XM our thank as our the for deliver to customers future. continue to their work hard shareholders. for our and suppliers want and I employees
leaner exit said, more focused we As will XM. we stronger, be as we XXXX, have a and
my remarks. That concludes
We will now take your questions.
