quarter remaining the we and our everyone. I and welcome supplement you evening. are healthy. John, released and will ones to your detailed second like I safe comments financial you, some to last would earnings morning, you hope call. I provide to loved good XXXX Thank results
driven billion sales quarter, $X.X $X.XX. earnings diluted sales we the record cost logistics, an record, per inflation inflation. inflation. operations quarter, price was real-time other For the of commodity energy, inflation, employee-related and delivered that share offsetting cost our our total from fully includes cost performance net of all-time realization are generational cost summarize by second and were quickly now continuing adjusted high continued Total To increases
bottom-lines unfavorable In addition top which Solutions to in business, disruptions our We benefit despite recent demand consumer a COVID-related quarter. pricing, results including currency record our strategic translation. to and acquisitions, Europe, from continue strong longer-than-anticipated China, and delivered sales softening in achieved Traffic
European in guidance. original per by financial realities the we negative of the we currency and was about our included and guidance impact translation issued share versus the $X.XX demand China While April, extended the restrictions our
delivered continue sales PPG-Comex including which new concessionaires were aided volumes add in end-use markets, business, Our record several as our locations. to quarter our by of above-market another
demand OEM America domestic in aftermarket over remains year-over-year from resulted positions and on in In global travel each is advanced coatings years. levels. and in sales lines packaging countries to and continues highlights quarterly pre-pandemic as one of This packaging higher about the expect growth can example technologically addition, our business the automotive where record metal benefit our businesses US well-below two we North aerospace we our products. have the business, improvements set refinish, quarter. in aftermarket further solutions in won PPG packaging various Also, That past new specific demand, second of traffic the XX% all-time industry
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we are importantly, prices More higher converting margins. improve to
being in we improved improved is XXX further reflected each strong quarter. in which quarterly sequentially continued month. During quarter operating savings our This momentum earnings incremental margin anticipate the basis positive our and margins $XX sequential earnings realization points from and related our the was progress of programs, aiding quarter, million third acquisition operating of performance second as recovery announced by improvement together about of the synergies cost Also totaled benefit. previously
of prior cost of our selling around economic general also quarter, Europe, cost second overall cost broader management -- resulted and emission the efforts of quarter. slower points have basis During region The in in ready compared to our a a sales plans by the of year implemented reduction the initiatives we slowdown. percent the in mitigation as second XXX event a demand contingency in and the reflecting additional
sales purposes. the anticipate for including well, XX% excited as also in expect of traffic expansion next achieved solutions are growth further second remain safety this business US acquisitions of future for infrastructure the spending we marketing which opportunities years, performing in the growth We and traffic adoption about increased business, few Our mandatory quarter.
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that of in collectively, interest products pro-contractors we see excited about buying with the wins We're large than includes some meaningful and have in our early growth X,XXX the expressed value In first inventories, list target our Home had was some opportunities Depot. at increases. Home and price dollar We have capital up consistent Depot, near-term the working our already the teaming pro-contractors with higher net second significant sequentially our to debt quarter, our mainly quarter higher, was inflationary the effects for selling higher and reflecting the of given years. due coming receivables and more
$XXX our continue improve the working disruptions attractive the flow to and seasonal at the patterns of our stock the end chain supply to the as through quarter to repurchased our improve prices progress to pipeline. acquisition cash coming capital more of we we return year. quarters, As during expect and normal in continue generation million We manage
our further productivity focused our soliciting reduction. votes, with to practices, quarter corporate second declassification vote spending deploy we and In addition, governance. cash and have governance we year. capital our necessary our accretive some expect total our we'll to we're our In in on expenditures quarter, see efforts requirements. for as shareholders, pass supermajority had and shareholders for shareholder the receive during threshold the worked manner now the elimination solidify be these corporate years and voting We growth our key past company's proxy to we enhanced further of the pay-off pleased for for Board to full about most Consistent $XXX progressed second on debt the million including
over proudly strategy strategy emission define our setting through climate will target near-term In goals addition, communicate reductions, the announced that months. plan to with initiative. commitment and PPG's the decarbonization we our in-line to continue science advance science-based to sustainability XXXX We company-wide new coming
restrictions. quarter. capabilities impacted particularly real-time We'll from growth in continue the material is strong selling quarter. positives inflation our Looking was second trends similar to end-use for by several suppliers' expected expect further that anticipate ahead, sequential actions. will major raw to that products In in expect we to strong We're implementing these at by year-over-year and markets. XX%, historical remain industrial a a supply any normal situation and auto expected low raw Asia continuing this our aided soft, announced stacked to are improve, operations acquisition production, in specific trends to automotive chain and markets, seasonal second the current to is recovery better compared further the in few and we and versus to from OEMs in normal we positive monitoring PPG commodities, savings continue and supply due several Outside two-year second demand are closely in economic COVID production including previously to We generally and due year as stronger the time, expect solid. our delivered the demand versus second conditions And in including prioritize by work a to most production of US. quicker restrictions. including minimal deficits second demand quarter. In large offset we about experienced aerospace Europe, of synergy for third COVID cost Aerospace to half recent last sales expect to continuation back additional sales In the we end-use the the PPG-specific second restructuring trends sequential aided conditions declines in we condition. America, impact a continue height half to growth to realization returning the are price impacted comparisons we versus OEM heavily sequentially more what strong increases, supply automotive percentage quarter second Also, in disruption fulfill only remain transportation further higher up inventories quarter, sharp and to regions underlying and North availability to half, be the businesses, material Also, orders. to refinish of the the industries, PPG, expect be deliver Other single-digit lags during as the China. expected low we
we sequential impacts are resulting back a unfavorable earnings momentum year-over-year we will continue also, quarter work in in on even increase in significant about expected forecasting quarterly continue third that quarter, $X.XX improvement third to on to towards our the Importantly, adjusted operating historical currency basis. with the margin expect our a And margins. impact we as EPS our
a peak to I future in the catalyst near-term past of fully prior referenced and see operating to as earnings that certainly we return exist, with challenges the to remain While exceed I confident the earnings opportunities PPG margins them. about intact, path remain capabilities
recovery a and the As continued includes automotive businesses. reminder, aerospace OEM refinish, in this coatings
Every positive earnings of growth, recent should and acquisitions. cost any material confidence stakeholders. event our operating further our the manner. employees ahead, In our XX,XXX volume as sales helping sequential providing Thank serving world A making cost resulted the happen, are to our remain commodity a more versus protect around customers supporting costs I'm rapid lower moderate, who structure in price on for closing, they Continued of our raw in and look inspired it your accretive our leverage are as on from the an downturn, continued day, prepared concludes in by team economic momentum of remarks. growth you This beautify in that PPG. focused strong and are world. products moderate teams we
would you Lauren, for open please Now the line questions.
