performance.
We aggressively quarter models for improve took execution, the and you the related I our The reduce good spin preparing go-to-market simplify spending chains, supply reduce work Thank same uncertainties wish initiated to significant risks At operational to to customers. and a a X. to better all structure you, actions to to turn better culminated morning. our matters. Care continue time, Slide resulting legal serve Health in and we financial streamline business Please Mike, our fourth where we our and year very steps restructuring controlled and of successful
in to is beyond. do, progress build there XXXX While in teams more and our made that we XXXX upon tremendous
consumer signs performance, the fourth to we remained electronics. our of in market adjusted End the sales auto billion out Notably, stabilization guidance. market Looking fourth quarter end as OEM of $X.X and continue in at end anticipated. the were high saw markets play strong at quarter,
by China consumer last end decline soft. negatively declined year. retail $XX and sales expected million. The disposable for on basis X.X% organic respirator Organic growth expected, As adjusted points versus demand be to an of continue markets impacted basis XX in
due Adjusted fourth actions, of acceleration impacted approximately was by organic basis $X.XX, were the fourth the points QX free up cash by guidance, basis adjusted XX.X%, lower-than-expected margins XX billion, year-on-year.
Versus XXX adjusted were flow to year-on-year. Excluding of charges. impact Adjusted XX% $X basis earnings tax impact, quarter our were XX% were excluding $X.XX restructuring or quarter partially $X.XX.
And restructuring XXX points, this up finally, rate operating sales benefited earnings up was up by down offset year-on-year a which earnings points. which
offset and prices earnings points were the investments respirator from drove billion sales $XXX margin expansion from related operating million of versus of in year-on-year free flow charges and cash and operating expected sales full of performance. year, margins than strong headwinds comparison.
This basis $X.XX restructuring points we of drove minus in to year's the For operating last of the originally XXX cost our and year.
Please basis $X.X lower billion actions earnings.
Raw discipline points a volumes, to logistics restructuring, the share start spending $X.X Pretax $X.XX a and per negative X quarter and at selling to share. the an delivered of the more productivity, per earnings per a year-on-year for $X net range recap that Benefits basis of share. margins sourcing was disposable to Slide material, year-on-year adjusted components energy billion business earnings inflation turn benefit XXX a in adjusted to XX of or in QX slight to margins impact $X.XX headwind and manufacturing
points or devaluation of the negative adjusted This a impact of was result primarily hedging net per the translation $X.XX operating currency Argentinian XX to peso. Foreign share. negative basis impact due the margins to was and
up a our cash And mentioned, to items XXX%, This resulting flow to to free year's fourth netted quarter lower XXX adjusted earnings. shares and expected, impact.
Please XX.X%. in last coming financial points year-on-year year-on-year was was other previously share with finally, XX.X% XX% turn Fourth in $X.XX in conversion tax per a of to basis up $X.XX last versus QX. Slide outstanding compared adjusted As than billion, positive $X year's at X. rate quarter, benefit
was a inventory Inventory Our million opportunity am in continues the to especially year's is yield versus ongoing at to high $XXX capital and XX all capital aspects capital.
Adjusted last working results. performance basis improvement million, with focus year-on-year progress year-on-year. to of down pleased significant fourth down XX% abnormally of see expenditures on sales, now improve were points date further and quarter. working XX.X% management, I $XXX
we to $X.X For over expected the billion during And an finally, of we returned via the billion shareholders billion. dividends invested $XXX range million to versus year, $X.X $X.X quarter.
year-on-year balance or the QX billion, and of to Turning to generator. Net XM a robust debt stood at $X continues billion be at decline a sheet. cash end XX%. the $XX of reliable
business strengthen our upcoming Health the our will of addition, balance further In Care sheet. spin
a dividend As at initial Xx Bruce receiving onetime we an X.Xx anticipate of from mentioned, leverage to Solventim EBITDA.
needs shareholders XX.X% equity cash a in our capital continue and liquidity. will also additional to retain matters. combined related with the to We meet the provide business provides which with structure strong will the existing ability capital stake us to flow This, return legal to invest ongoing
down and basis XX sales Starting headwind organic States in with The on weak. Safety of adhesives Industrial led please granules segment business Industrial million which while Slide a demand Now by performance. were $XX by respirators organically. approximately discussion in group points. $X.X our China to industrial billion, disposable remained for and turn declined.
Geographically, for business, a was decline increase posted our was double-digit expected negatively growth a X.X% impacting flat, relatively while all other Organic XXX United businesses was roofing in while the core growth strong, tapes markets of
enter cash Our partially businesses driven XX.X%, income sales strong partners spending end restructuring, was reduction operating of were and million, we particularly was in basis XXXX.
Adjusted down by versus the benefits quarter, was were manage EMEA by and last a the This down are points as channel in discipline. XX lower China impacted channel towards $XXX X% year-on-year. by the which regions Adjusted as decline offset Greater inventory cautious from volumes, pricing operating margins year. and
and Transportation billion to which posted Moving organically. sales up Electronics, X.X% of or $X.X
to as stabilize demand global and car auto light increased OEM truck consumer flat remains electronic to XX% business year-on-year perform Our and business versus soft. Electronics for increase well was devices X% organically a in builds.
The began while semiconductor continued
customers and with closely to well important to our large continue markets. these in are grow We trends monitor these and end positioned
$XXX declined Materials up Looking Electronics, and year. and the million income, transportation last operating pricing in Solutions through Transportation rest XX% organically Commercial result and spending Transportation low grew operating at single Electronics single points delivered margins discipline. restructuring digits. single digits high up basis and digits. of safety low Advanced versus grew The XXX team year-on-year.
Adjusted were achieved QX this XX.X%, strong adjusted actions,
Turning digits. and organically, both Systems Sales X% down decreased low $X sales QX digits year. to while sales organic business our and organically versus separation grew down single billion high Information last our health or single oral medical solutions care were low digits. purification were in single care business. Health
to growth, impacts. Medical Operating X.X our and sales Looking margins in operating operating Oral of positive while see continue lingering Care volumes, Full points added year, the was with XX%. at XX% digits.
Health were impacted single businesses with X% was low care quarter approximately Care systems fourth both health adjusted low Care's and health both were XX.X% income separation growth down or Solutions single-digit down posting Health within along $XXX margins year and purification organic were COVID-related adjusted margins down million, with lower costs with percentage year-on-year. the EBITDA by Year-on-year associated pending spin. information
up Lastly, business single declined auto declined was home Organic increased office growth Home and EMEA sales while billion. high improvement digits low while declined basis year fourth discipline Consumer slightly margins benefits with was organically, improvement quarter of X% and actions, strong The optimization single and margins up down low XX%, quarter actions. million, year-on-year. $XXX posted XXX was of stationery Asia and points $X.X double sales to single digits.
Geographically, operating the restructuring declined in year-on-year. and income U.S. by the operating compared mid-single organic health digits. digits digits was fourth down X.X% driven Consumers Pacific low in productivity portfolio from operating spending last
our it XXXX, back XXXX to moment turn on to performance. to for reflect him wanted take discuss I outlook to a I for Before company Mike total
progressed, operating year margins. improvements the we adjusted As strong made in
the reference, adjusted For provides the our Slide appendix recon quarterly margin operating XX in year. for
restructuring the over call can to Slide and setting delivered turn in XX, Mike? to aside significant now particularly will turn you As improvement impact performance, from Mike. back we the charges.
Please I see, when
