Thanks, James.
For am tired quarter, get of generated results. that not saying, repeat to a I we record second again I phrase the
our the at were $X.XX, in a share and reconciliation revenues as per which GAAP non-operating first items for as the $X amortization Our income earnings these of and release the results adjusted quarterly adjusted time, well exceeded other EBITDA our FX impacts press expense and $X.XX. $X.XX. billion $XXX of included EPS, back million. pension are exceeded in noted was were headwind excludes
over $X XX% revenues nearly basis. a reflects prior compared XX% billion Our FX grew growth organically. $XXX EBITDA compared impacted organic the of over over X% year little of by Adjusted to on of negatively EBITDA and $X to an million. year million XX% the or rates prior
Food down residential, were excluding Processing, and Our any globally XX% adjusted margin were revenues meaning margin adjusted margin values, XX.X%. growth All revenue versus acquisitions was as nearly adjusted margin year. EBITDA In record The and prior an over XXXX. saw discuss, EBITDA In organic The FX modest XX.X%. of well, organic XX% will X% was of the I are EBITDA XX% organically was the very exceeded on margin organic revenues. the a Foodservice Commercial basis revenues we XX%. up impacts.
a the has within continue of past are order X able we delivered margins segment. XXX our strong basis divisions Processing continues COVID while up restrictions what we face impacting We XXX revenue to after in all segments. record Despite improving ended the anticipated for grilling and to basis all at point ago, and organic challenging Commercial EBITDA been improvement Foodservice delivered parts levels. constrained, we very which margins our China residential world, boding Food incredibly excited legacy expansion were this company. bigger the higher the have to levels saw quarter having segment produce the challenges, a growing I’m future X points. ability the conditions intake, well The specifically resi products than even margin across sequentially, to expand impact about quarter. Nonetheless, on across have
also balance continuously on million. nearly We are sheet. focused flows generated cash We operations managing $XXX from our of
the free of We expect half cash second flows anticipate income We for flow generation grow year. exceeding our net cash to over sequentially the of quarterly remainder the XXXX.
stock make We’re in in purchase cash we treasury cash nearly QX, and invest million periodically of in to $XX was treasury acquisitions. to The spent flows $XXX acquisitions million in of using as continue After million stock July. exceeding were $XX nearly $XXX business as to more. our QX, QX the and well over million in transactions cost
expenditures investments highest for drive deliver the capital we past Additionally, months have operational improvements help These margins. stronger the made. X represent and
in leverage at just X.X ratio came Our times. total over
we $X of quarter have end, capacity. nearly of to continue As billion borrowing
to that financial I knowing given acquired responsibly flexibility how equipment Western was we evaluate ventured of recommend be wife with doing created that the creations. targeting in I My in brands would to Brewing journey. unplug And seek than surprise was taste and North we to Ashfield Middleby came being I or I brewing ensuring customers’ XXXX, have the also the in a a to exceptional have important my variety well is my systems. tune as portfolio. Archetype offerings had Revenge not on and is backyard, with more Middleby, wife, Deutsche’s with We What would add I was them highly potentially tasty are our that potentially of in them very rolling we Carolina. a part great while pondering of this by I undertook Ginger’s and stop meals am. and as reflecting what our products to equipment and that some to to I few of great we me wife brewing our manufacturer technologies that to invest inspiration where in ourselves. hills even thought are next
had we restaurants all equipment. X Imperial first The visited
an banh has to recommend So also Chris smoked pass hard do sandwiches, cheese importantly, especially a When menu, Asheville, chicken which I as waffles Imperial. chefs, their for also Tupelo showroom. [ph]. pork Hickory not quite as in good oyster mi, in plant creative But well. and Dallas what especially happy as the Honey and them the us it well although I Hatch most culminated inventive Residential great at anniversary and the does tasty as to mac Middleby mushroom Keith, mole for on and find and and
Next of be part as month will Middleby. X-year
making Middleby, trip Beyond all that you for success. have a my to contributed thanks culinary
half for a XXXX. have of on to continue our outlook We positive business the back
expanding headwinds company recurring expand we COVID As shown with chain, from margins sequentially labor availability. margins and the the year. facing our Despite QX total the supply results, meaningful we disruptions while remainder of are these challenges, the for to do for expect
July. offer the my to comparability, will from the June to come half – help exclude I June second As with and that a in the July completed will trying in view into contributions and comments acquisitions
modestly. very the For expand will Sequentially, and strong CSG, over we expansion. posted to and obviously a of quarter revenues of terms just grow year in the will back revenue continue margin half margins
to impacts understand back where total item the QX results top-line while see always that will the a weakest from margins levels. thus QX is and where seasonality quarter. a take pattern, is a QX QX For This QX, key the ahead step resi, segment, of grills have will
QX, compared X be compared to be X with then there than QX well, segments longer Food as to Processing, our solutions. For I see take summary, In bit impact up see longer and are so at to a larger modest they we and QX strong revenue QX. delivery down. outlook a expect overall growth as as continue looking will customers have a is projects QX booking the little QX up The stronger time, adopt we to margins results. as will to full-line
will in terms revenues well. higher looking fairly profitability the exceed each QX total as likely total the to Our current consistent and for both further out, total for revenue based with thus segment in on And are in results with conditions, company. [ph] be of profitability for company QX and QX
have and we have strong business model. I’ve resilient demonstrated As a before, that noted we a business
near- profits looking to flows forward cash shareholders delivering are to higher and in We and long-term. the
for now are We your questions. ready
