everyone. morning, good and Michael you, Thank
foreign to starts review decline Slide XX.X% decline to million, Pretax income of was in X.X% last in XX.X% quite of year. second financial X.X% the compared EPS and earnings quarter to while which organic growth up from increased increased Overall net last second an to a that million translation. diluted $XX.X Sales million, on mentioned. of challenges Michael And compared sales $X.XX were the given quarter quarter. consisted the currency X. our of second to $XXX.X income The $XX.X especially strong, year’s was $X.XX, economic XX.X%,
sales in effectively flat challenges decline and overall weak our our both quarterly U.S. in declined in macro in Identification quarter, to our division while the declined economic X, Despite IDS Asian trends. X.X%. Safety environment, due Organic declined. Solutions The our was organic sales businesses you'll Slide Turning find this X.X% the our industrial economy. while was Workplace sales to business European division
decline WPS sales Australian The North European in as low effectively our the flat single-digits sales were both Organic sales organic this our to to due organic and WPS business through businesses work where quarter. in digital our was in down recovery. American sales were continue we
Slide our margin gross trending. X is profit
in profit automation gross and input Our increases and last we basis quarter, pressures, expand is year’s driving to profit cost margins. from of extremely an us improvements XX facility. increase but gross process offsetting second our focused on remain this was in margin manufacturing quarter. which efficiency investing points XX.X% these We're seeing This input focus our has enabling aggressively throughout effective been cost
We each improving have is a culture strong day. and focused executing and pipeline every opportunities that of continually our on
this one due $XX.X you'll SG&A $XX.X find decrease our quarter as the million strengthen against foreign currency of to Slide dollar million quarter in to million currencies. quarter, Turning was expense most major translation, this of SG&A U.S. year. the second to to continued compared was SG&A $X.X trending. X, in last Approximately
improvements quarters remaining of efforts our and compensation three SG&A to reduced to The was throughout decrease this process ongoing due drive sustainable our structure.
of sales, XX.X% to decreased this percent last in second quarter sales XX.X% a from year’s As SG&A of quarter.
and Slide research development. X the of trending in our outlines investments
R&D. in million $XX.X spent we quarter, This
And at the that and while spent time, R&D. ensuring investments have time that on we very We in so most out disciplined for dollar of same opportunities the we're development. every our to to we're continue over new get increase product investments committed
you'll Moving increased We our to find pretax by quarterly marks $XX.X consecutive increases This to X, of million income. pretax XX.X% quarter trending in income. pretax XXth of this income quarter. Slide year-on-year
necessary in the years to future efficiency a industrial improve result implemented pretax to is ability over revenue while implement to sustainable in will future, Our growth. environment making we've economic earnings gains several continue drive the sluggish a the direct last all the investments of and
rate and XX%. last full Over year’s an Net this increased of a we rate both long-term, XX, income our an diluted as ending XX.X% second income Slide results X was well EPS after year increase XX.X%, the illustrates of the tax XX.X% in be quarter increased to trends. the year, quarter. into of tax compares XXXX, for EPS after to tax rate quarter’s second quarter, tax this from Feeding as tax and in last XX.X%. of our income July $X.XX year $X.XX expect this to which approximately
you'll the last million cash XX, summary of compared cash We a cash to million find in Slide in compared same quarter. of flow operating $XX.X second generation. quarterly our flow million was Free generated to activities, year’s $X.X to last Turning year. from $XX.X quarter $XX.X million
year, second quarters. incentive of by the first were is timing Last Operating cash impacted payments. compensation and annual payments these split flow the between
were to the year looking in made While the comp the to incentive year-to-date vast way cash payments, is best quarter. at generation noise our at annual just of this generation. payments of incentive second remove caused the Frankly, compensation look the by majority cash timing by
from generated of our focused in basis, net flow date over cash annual the XX% consistently and we was to we're basis, year $XX.X organization. making is from flow On a activities which of On income flow operating from excess year's operating have $XX.X for decisions million. long-term last cash the cash million, cash right always on up just an activities
our to This to either processes. or invested And of our quarter we further of capital to which new million form equipment in for dividends. the $X.X new machinery we returned and manufacturing shareholders drive add most in capabilities, $XX.X automation expenditures, in was million
of position our million net position XX, borrowings structure minimal. we’re with along as net of quarter. at debt the cash of the Slide in We the a our trending of end cash total are $XXX.X outlines million cash $XXX.X the with finished quarter and our
to consistent. is approach allocation capital Our
We and patient. we are are disciplined
our use and investments fund funding to organic product expenditures, sales includes and new further efficiency which cycle, we economic sales resources, cash First, the IT and to capital generating automate opportunities enhancing facilities. development, capital throughout our expenditures capability improvements,
opportunistic through dividends. our synergistic in repurchases. cash use shareholders on second, of dividends, form and opportunities funding disciplined to the shareholder deploy where improve we our have we will our we And believe organic cash acquisitions, After manner we for then in investments cash returns a returning strong and to focused share
value Our disciplined on is we're cash for through our strong, approach this shareholders allocation. our strong, is long-term generation and focused to sheet balance capital driving
for our year guidance fiscal XX Slide the XXXX. XX, is ending full July
Looking forward we the industrial remain fiscal half to this challenged. expect back of to markets year,
we're approximately year slightly fiscal be organic our XXXX. flat result, to for a sales to organic decreasing We As growth guidance. now sales our full expect positive
We can check. our efficiency costs improvements keeping our we will focus in and continue to to control what ongoing sustainable on
$X.XX share of focus, guidance earnings an per share which expect now from previous to is per our $X.XX of We full in $X.XX our the for earnings increasing to of per year share. Because our to $X.XX range guidance XXXX. we're finish our per range this share, fiscal increase
continue expect tax to fiscal to approximate We our rate XX% full for income year. the
anticipate amortization expect this million, year. approximate approximately $XX We we and capital $XX of and million to expense depreciation expenditures
on as foreign one-time U.S. exchange fully of a guidance and from due or to any to not guidance. This on rates the based is guidance be January which based accordance This results we're currency expense with items is this XX, dollar U.S. of excluding GAAP. in the headwind income continues financial strengthening
closing turning call over turn cover to to the Michael? before now results call I’ll provide to Q&A. some our comments over back and Michael to divisional the
