and you everyone. good Thank morning,
pleased very we're highlighted, Darius with XXXX. to our start As
our some focus deliver COVID operational over us our and laser impact demand generation, our execution, to markets, pandemic cost management to commitments. enabled continues end on on of While the
pandemic, the point to effects by from X which First improvement quarter declined COVID-XX sales quarter. represents X% organically a due percentage of sequential fourth the the
as margins services, materials margin basis segment equipment the as expanded contraction and limiting the demand that aerospace, segment software. consecutive double-digit strength HBT, and building a and in connected protective in XX mentioned, ending growth our for Darius of by continued out second and for in businesses, four of We As well Honeywell's driven quarter margin and solutions XX%. strength, to three overall automation year-over-year advanced our warehouse segments, quarter, with SPS personal points was robust our products
Our end adjusted items per our mixed outperformance margin volumes by driven commercial the improvement stronger our excellence profit despite $X.XX, by lower share interest as of an compared strong cost drove sales management, to lower tax one-time offset and segment well down expense, million higher of guidance, by and repositioning perspective, from of than basis aerospace a a driven as of our $X.XX in $X.XX pension margin range effective earnings segment income. from sales segment We partially delivered From year-over-year. an higher much headwind high-end and benefit guidance below the headwind was high XX% rate. SPS. were $XX points in line lowest higher by approximately XX This interest the income FX the year-over-year and above and expected in
in particularly quarter, Abridge presentation. operations due all in to we the as Our by collections, be rate offset from the the for effective partially net count. to was a million year-over-year to XXXX of period during XQ flow the XXXX this share adjusted income. tax year year-over-year of EPS continue SPS, capacity. conversion quarter certain X% tax strong from matters expand capital capital benefits $X.XX appendix from the million, Working $XXX cash improvements PPE adjusted law up primarily this prior found up This headwind. despite $X.XX U.S. of tax basis XQ a XX%, Free driving including in of EPS lower of first free higher these resolution year. prior flow XXX benefit We driving can headwinds from was of was quarter and generated the India changes due to higher cash in realized offset points than $XXX from expenditures, cash lower X% the down XXXX,
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growth strength strong as Finally, in equipment, sixth solutions, drove double-digit solutions Europe. driven U.S. safety year-over-year demand in market up in personnel the demand continued mentioned the portfolio for expanded protective gains and were approximately share organic driven for billion solutions for services SPS third were the volumes. by who XXX including equipment earlier, productivity XX% of due due and up by above and quarter, orders those XX% to and and remaining productivity driven and warehouse year-over-year, for and across SPS double-digits solutions, sales organically SPS the protective productivity Darius consecutive -- points workflow services. first Workforce backlog backlog quarter quarter, margins higher of Warehouse billion impact and to $X.X the segment XX.X%, including personnel $X the in sales Solutions. by straight was
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pandemic. of second first in we the the the as expect For to we organic quarter the growth XX% disrupted by quarter range COVID-XX full lap XX%
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quarter XX% $X.XX, to year-on-year. between result, As per a earnings $X.XX expect and share second up we XX%
in improve flight international take in conditions to talk technologies, for U.S. driving and as domestic building the through safely hours defense return spending year-over-year we and sales as the as and a aerospace, sequential demand travel, and moment defense second commercial expect equipment building continue though in flight continued will well we a the volumes. Now, should there. pressured backlog. as let's as In in That rates. aftermarket solutions still by the offices, will tempered lower be Moderate travel ramp We below in segments. sequential business softness prepares world improvement management expect year-over-year hours our services as improves. commercial just schools international build pre-COVID remain be to and quarter, travel levels expect by to improve systems, as slow far In second quarter, ongoing building projects this to and products we execute original growth
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demand the in strength advanced materials quarter in continued products. foreign expect portfolio, driven second particularly by We the by strong growth for across
equipment, and and of solutions, we anticipate robust warehouse continued workflow personal in strength organic another Finally, double-digit and solutions protective services. growth SPS in quarter with productivity
us giving confidence $X workflow as strong, mentioned make holiday the as advance in customers remains over growth. and backlog solutions investments warehouse I season, Our previously, and busy billion of continued
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to So we XXXX the XQ in with Slide that guidance about X the talk outlook and foundation for changes provided to key since turn let's our January.
tremendous the the Over Middle encouraged by stimulus We're for economic that we've the U.S., infection the investments. infrastructure, vaccine, in the months support areas. many in East past progress of growth, clean administration the in seen also will geographic coupled improvements and talks further COVID-XX funding of particularly distribution of and those few including UK, in rates energy, and with manufacturing fiscal
slower COVID-XX vaccine varies a to the and to of the recovery and approach with continue value longer-term. and we will variants, While management drive pace new navigate Europe, India, the order recovery of rollouts in in Latin emergence with investment regionally of balanced America with cost
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and U.S. lower demand space offset for by moderate defense than We volumes. international continue defense expected to see
of with still slower to commercial building in guidance, and The single expect year. In up flat that low these end HBT expect healthy low the organic fueling trend our products seeing building sales. for demand and activity margin digits a ramp business aerospace management growth. in we we overall segment year the be somewhat by we growth towards be is low in continued aftermarket momentum robust growth As is provided for low result to the margin digit impacted the to single trending sales January, and solutions for high the continued digit to range and systems end which and single towards upper expansion aerospace dynamics, the in of organic
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mix UOP continue timing PMT the We margin expect be sequential from stronger recovery remains specific throughout expansion that so The second XXXX. for the building gas the management to driven a segment of some in to cost year half uncertain. looks in oil in by and and improved momentum
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Now, to for updated and talk about X year. the let's our Slide turn guidance
end two previous range deliver to macro overall sales expect growth free $XX.X point in guidance. low billion, year points an talked billion of and cash full we to X% one quarter the we and share, in the our backdrop to increase our guidance. are our compared in high just segment to represents sales the our raising of our the sales, end earnings strong now in about, the We recovery, outperformance economic per through which and $XX.X confidence in organic flow first ability Given of X%, and the
is Given all that basis lower maintaining of heavily our for still points our our profit of as we an back by sales in range in segment year. we the We of XX the guidance carefully margin our XX.X%, driven are the XX.X% to segments XX business while strengthening margin to invest outlook recovery expect into changes million SPS in segment, expansion the we managing year, net for not impact including of our at of time, repositioning. the $XXX to estimate positive the million material across expect a capacity this to the the negative do multi-speed $XX to below which line range be We portfolio. XXX to million $XXX million for expansion
XX% We our year, tax approximately year representing the X% in rate share approximately XXX count and for of minimum a full to the expect continue of effective reduction XX% million average weighted shares. to
increase This $X.XX are the represents share increase a to raising of we an XX%. midpoint end, $X.XX. the up to approximately the of expect our X% of $X.XX earnings low-end by per As adjusted guidance $X, of now in effectively result range in guidance and our a low
We low million. expect higher billion previous billion of guide of which in range $X.X $X.X is cash free by to $XXX the than end our flow the
manage the a a view we meaningful and our as ultimately overall, upgrade this of adjusted to segment in EPS start year sales, to great cash, profit, full initial stages recovery. So and the year
that, back call So the turn over Darius. I'll with to
