the financial you, second to morning results the great Gerry, good to our here details for provide everyone today. be to on Thank more It's today quarter. and call joining
like Before begin, foundation remaining our and for solid delivering focused performance. business I'd operational entire our remains to team I The strong. thank of
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activity, to over And in quarter. This unwavering stock adding capital to market last since million new prioritize of back of continue winning year. in repurchased November XX% commitment months. operational buying quarter performance to to Overall, our continues in underscore approximately nine last of the in this, back our returns, solid place in capital putting Culture. our to continues resulting in $XXX our We previous be plan our and XC disciplined approximately equates the stock our testament we've to operational team's value of million of the a and allocation our the excellence $XX
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turning as second previous conditions billion our on of macro Now Depot. top-line at consumer highlights GAAP slide both a quarter, results, activity, our have last revenue shown creating weaker of and XX. We headwinds $X.X financial to quarters, adjusted in results of down as total generated the versus the on with we basis. Office Consistent QX provided year X% slowed
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was with associated $XX net operating GAAP Also a XX% related the last of was to right-of-use QX our store non-cash up quarter asset million operating from assets locations. year. primarily charges $X income with of included associated the income in impairments in million,
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XX% million Excluding $X.XX quarter share, the driven by or our earlier, income net items in was adjusted diluted execution program. $XX strong impact and under the after-tax increase adjusted per net second mentioned EPS consistent from for share the and a representing repurchase income
million, flow last million in significantly generation. cash the year. quarter, year. $XXX an quarter we over last to to $XXX of Turning million versus cash Operating the $X was improved compared cash improvement cash used In of use
significant $XX that a expenditures season. $XX year. period. improvement is to year we in were of million $XXX the result the a is last million outflow QX of This in the QX that the $XX particularly impressive in quarter was compared outflow quarter advance our build Adjusted quarter a inventory in back-to-school in prior up free Capital million cash considering versus million,
laser-focused cash I conversion, want inventory the and resulting team entire capital on in on working being our for to flow our cash thank strong results. managing focusing particularly year-over-year
these results relentless driving pressure. in top-line our light Taken together, excellence, on focus the operational of reflect even aforementioned
like our operating headwinds cover revenue Notwithstanding Business year-over-year. earlier, ODP slide strong deliver stable I'd XX. macro its business expanding with on to business division the our Now solutions results on to Solutions continued Jerry margins ODP performance, unit performance, starting mentioned
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at categories as product remained adjacency of percentage revenue Our total a XX%.
an both from grow As strength objective our a our percentage our absolute dollar value as to leverage for basis categories. notable expand continue quarter-to-quarter, to in is and proposition but KPI on percentage and fluctuate ODP this we adjacencies consistently core and Solutions, long-term may Business
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EBITDA from was a testament quarter, over a $XX and the This margin. representing performance million in operating up EBITDA XX% X% to model. nearly last true low-cost year strong is our
we're While expect the sales and second best in ahead and strategy of some model have the how environment of made we our to sales future modifications the remain to forward. and our this go-to-market will drive in the pipeline we are us, seeing efficiencies we about going operating macro challenging opportunities excited and half, growth
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compelling Office Our scores our in value scores a highest continued Consumer above and to of some remaining XX% consumer to proposition division customers NPS any Depot service the excellent provide and by business. demonstrated as
line had However, the the challenges, and spending effect in level consumer the quarter the slowing of from presented a top as of activity U.S. overall moderating economy its the perspective,
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rates. was compared per costs Sales average down income from year input was partially was inflation. the an $XX volumes, operating to conversion related lower by order flow-through the by compared to From to lower million down and operating driven sales last higher Lower in operating million impact last shopper higher $XX income perspective, to offset quarter, mostly primarily due year.
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we've celebrations designed conversion. room and greater assortments the well including traffic receiving is the category dorm offering who selectively as digital efforts hired a launched, assortment drive to From realigning categories. regarding an are about our party we've our new excited perspective, feedback and remain leader also new we We e-commerce as marketing
our business, components was our of we believe we're the consumer we So quarter this to that well are for challenging positioned business driving focused continue to of can drive on overall, it and our while a business. cash control, engine
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sourcing delivery specializes transportation Asia. consumer our Bayer competencies and mentioned fulfillment, in includes distribution, service also in operation core earlier, BXB and business Jerry As in this with global procurement. And
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increase we solid early million XXX% external From third-party primarily quarter, generated third-party well to customer total customers from last $X us perspective, to double year, traction in than way a on $X over $X more QX about mix the the third-party million to XXXX. EBITDA due for From activity. in customers, from aforementioned in year, transactions, In QX EBITDA income an operating our EBITDA was generation. a perspective, positioning compared continue Bayer's bottom to see and million line we last intercompany
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Now guidance on turning to shown our XX. XXXX Slide as
half with a balance strong in was performance the solid, low-cost remain our position of and Our year in capital sheet. we strong and the model first
excellence state us operational the has of our solid of macroeconomic operating While year. positioned balance the the we're drive for to consumer results continued cautious and continue conditions, on well on general the focus to
including As business initiatives our we adjusted to income, continuing our profitable the end guidance for year, second we're operating the approximately second that units. billion, across Considering the guidance previous our the levers expectations first range conditions drive metrics, of on trends current $X a half and at our laser-focused growth EBITDA, our of cash for other look and the half, business control, revenue to our free target our we managing four to in guidance in performance, reaffirming approximately low can macroeconomic operating flow or half we CapEx. revenue and updated while
to are to of from guidance $X up revised $X.XX. given earnings performance our are we a strong share to increasing announcing Also, $X.XX our per of range $X.XX, our range we previous adjusted that to-date,
assumes in guidance economic stabilization trends some Our half. in overall the second
sight we our guidance to have of Looking $X line revenue of good believe billion. approximately forward, we that
toward cash disciplined EPS cost eye an being on focus are we price However, growth. and with on and maintaining our
anticipated our into $XX in baked range Additionally, XXXX Varis million to operating change revised guidance, loss of $XX to range. for in we expect be their CapEx higher with the slightly million no in
cash we from a at to cash for use to of approximately $XX perspective, full year, $XXX in million use the $XX cash in this million use expect a approximately million. from Looking XXXX be Varis down
position, on macroeconomic line, conditions returns the earnings overall, flow our So remain operating delivering continued in solve a to despite per share focus solid their and capital significant we shareholders, driving cash challenging and with growth. top
will With for turn that, the operator, we questions. call over
