Thanks, Tim.
expense, our $X.XX. another EPS, back Adjusted quarter, per first amortization items of and $X.XX. which at it excludes release delivered income overall. was GAAP company quarter at the the was Operationally, our When as share adjusted pension noted our press solid for well revenue was growth non-operating performance, the in us. For we reconciliation total earnings as EBITDA other looking persisted XX%
continue conditions demand a revenues as consolidated and order rates positive back or strong when in the Commercial With basis, over year organically, comparing benefit territory moved Residential, and commercial Processing strong foodservice Foodservice on improving in and grew the XX% demand growth basis, flows. into in cash robust On a environment, X% organic Food we we are from year-over-year a prior to as expanding generate to revenues well.
EBITDA adjusted over XX% Our QX QX are This from was XX% QX the from increase any basis, company sequential as QX margin way, By as discussed, Total adjusted an meaning for XXXX. represents of well year. million. and FX over I growth XX% on impacts. over disposition organic excluding growth $XXX and prior the EBITDA the all was from an acquisitions, values,
than even bottom in around We while initiatives quarterly. technology are maintain our line million growing faster our $X line top of we our investments
just we expansion was profitability approximately the approximately Commercial Foodservice X%. at and organically; were improve manage increase globally North up through international business to cash about generation X% our was America, Our we models and from flow revenues the actions come the looking X%. The took when over as pandemic. decline
demand saw nearly up for premium our In Our revenue outdoor Residential, We platforms. produced cooking and XX% margins appliances sequentially XX%. QX. expanded Strong nearly again. persists for we
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margins. Effective expense for on As has for have a accounting instruments. convertible new usually the fiscal reminder, adopted GAAP million. QX this for segment, seasonally lower XXXX, $XX was debt we Interest rules
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pleased While revenue we are sure wanted and as with growth, we recover grow to I of certainly capital the impact working to the is understood. make continue that
business our and excellent our customers. demonstrate and cash I service always, manage We am core providing cash It proud driving consistently flow. around As the our us. innovation running ability of costs to to to investing, is for while discipline
is while our limit X.X times. Our total leverage ratio is X.X times covenant
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there there was home sitting and to Pitco they without crispy was three. were way I all make of or two going no So a way it fryer And out to sampling fries sitting hot or were the the me. some next crinkle-cut
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our doing equipment. and keep ordering Middleby busy will We keep more customers we debates on and having what to can
start was seek I to our backlog that shared of will last diving year, some the we on morning our for and to before our of And at this are the I solid page, translate and shared month. expectations. Even expectations near-term into Investors order modest briefly data we Speaking what a the near-term. I’ll the each again posted QX web levels in keeping section which, into with segment, presentation reiterate
pent-up will variables rollout some over activity. our order trends, valuation. outlook some these in seeing at likely and we’re play are well good also While and as benefited QX Many We’ve evolve demand our risks time. in from considered we as factors
such cost variety worker mind manufacturing as availability facing matters some for environment. all are top availability, us. of of logistics Components safety chain supply pricing, We’re a around in and as and well labor hurdles the as challenges and
increasing expect as through progress QX. cost impacts We we
should still are to market much was we that real Furthermore, plans optimistic in backlog environment. the time challenges, the our and pre-COVID a do these understood current headwinds frame we ignored. a be generally levels, over While be converted longer backlog given operational typical and and into be expect it than are overall, can’t revenue dynamics very
continues for Foodservice, well Commercial QX. positive trajectory moved order rates and positive territory, XX% up in the to So have
risks current modest operating for As the and how growth low means challenges, given and are we which digits. sequential is expectation we from single our QX, consider
this year, seems more Given to considering of revenue levels the QX low at it be sequential in last performance time. appropriate
cautious this able to We to hope address our meaningful risks We the actively but are of pattern also headwind to inflationary margin sequentially, a continue is be and aggressively we addressing somewhat expanding our factors. issues to are maintain outlook. all overall profitability increasing this we XXXX in monitor potential I margin The are exceed and our impacts segments, levels. supply manage affecting do so The chain daily. remain
further we We board actions preparing on the our to to are pricing the take business. across impacts as gain clarity
I’m On QX the with order order growth again robustly revenue XX% from Residential’s up – side, the QX rates year. sorry, with at prior rates over abounds
have We to high that sequential is as to growth QX. expect for compared single-digit QX,
chain present As to the will supply a short margins I’ve risk expanding in noted challenge term. repeatedly, the further
we and growth single-digit Welbilt. terms revenue performance also business both Food our as for have at activity I’d QX the in QX. and have to as expect For acquisition year, Processing, we with look we our and the the the high opportunities excited about compared backlog, of for our are to very future how QX typical Overall, with patterns started of sequential
a are service growing customer driving strong and innovations backlog. and orders products, Our
Our Along management the strong. are we factors way, will paramount through we expertise manage remain flow disruptive encountering. generation cash be the will as
With We back XXXX. exciting to are seizing and you, tackling forward opportunities the that, Tim. to the looking an challenges,
