Thanks, Eric.
period, note decline HST, consolidated pushed to prior saw by [ ] of on in that FSDP were projects by FMT, mid-single-digit against $XXX unless up a X% which the organically. Slide otherwise were are up Please Turning year and organic million X% all reported X. stated.
Orders financial on results the the right. growth partially offset a mid-single-digit and driven to in We basis comparisons being
compared an We XX% experienced the down period. to of million X% X% Second reported decline were was quarter while HST, organically. and $XXX FSDP flat sales year as FMT prior and essentially in
Second productivity, unfavorable basis quarter and higher driven partially an offset by and margin and mix, employee-related expansion by of costs operational gross points, price volume gross were strong cost favorable margin lower adjusted leverage. XX.X%, XX
XX.X%, adjusted quarter basis XX EBITDA Second margin was points. down
points. XX.X% QX, continued I our up However, discuss drive adjusted quarter focus benefit XX/XX was incentive effective profitability related prior GAAP dynamics. authority. the drivers XX.X% decrease primarily international research tax slide rate a manage development our was years on from as market The we in basis the adjusted compared a resolution strong through expansion the taxing The period. of a was on next EBITDA to challenging to due highlights to in will to an second team's moment.
On and sequential from EBITDA deploying as discrete XXX QX and versus basis, prior
of $XXX generating EPS $X.XX, X%. income, down $XXX a income a million, was net basis. of $XXX of million flow an on million, year-over-year a net was quarter quarter was a EPS decrease net adjusted adjusted achieved conversion of XX% We $X.XX.
Adjusted for cash the income $X.XX. improvement XXX-basis-point Second of with rate Free
paid million million dividend XXXth $XX.X previously balance and this We dividends. we dividend sheet, cash facility, the and in term quarterly we have under strong was of payout. debt our $XX outstanding repaid a million our consecutive The $XX quarter,
the Moving on which X, Slide adjusted to drivers. details EBITDA
quarter-over-quarter second EBITDA negative saw organic divestitures adjusted and million prior $X adjusted by basis, of cost lower a flat mix prior resulted basis was negative strong the million, million. a acquisitions overall a we unfavorably $XX impacted level flowing by at were now impact as decreased offset resulting $XX from flow-through adjusted through unfavorable performance. factors in adjusted gross net $XX XX.X% our For The by price productivity, flow-through in a million, divested for by offset The on organic XX.X% quarter.
I will rate. while year.
In the activity. acquisitions spread by XXX These resulted of driven industrial our companies. quarter, by the in partially second of margin operational quarter, was points through. negative year from segment review X% sales adjusted dispensing the volume quarter and lowered the flow FX The benefits benefit This in EBITDA the EBITDA over EBITDA reduction
the by Eric and Turning out project organically, industrial price Slide lower across flat orders X FMT the and opening offset current were spending as stable his in in market decreased capture.
More remarks. seeing and strong by industrial sales in QX, continued rates X% are In businesses in discussed seeing particularly activity, day safety climate. pump decline as we project pushouts driven We're ag specifically, were the Organic in macroeconomic segment. to volumes, cyclical primarily push industrials. our
Our continue strong from water activity. benefit businesses municipal to
current a performance costs, EBITDA employee-related continue XXX operational teams basis volume ag make our higher offset the downturn, decreased leverage are strong due backdrop.
Adjusted lower our margin cost markets by and discretionary with spending, favorable we pleased team's own against partially and are the experiencing price luck, points cyclical and to to spread While higher their productivity.
Moving Slide down the recovery driven instrumentation primarily year-over-year. industry due Despite by our and to XX%, Analytical X Organic industrial up in softness, were projects organic demand markets. our on and semiconductor & Life were X% slower-than-expected orders HST to segment. delayed sales Sciences
closely work our markets innovation as to While period, customers we for for the with wait a is while market continue ourselves recover. experiencing transitional we growth, we position on the to
we basis In XX While signs inflection organic price margins On primarily efficiency. industrial end sales points the divestitures. seen seeing reflection lower yet EBITDA for spending. is experiencing operational on our adjusted higher businesses and we despite leverage, which impact decline, with our points due our unfavorable of early improved in basis costs, pushouts.
QX improved HST strong FMT to sequential by margin cost our line the operational encouragement semicon a XX industrial by productivity, of HST of acquisitions strong also driving project points, driven lower have are employee-related Sequentially, an focus not adjusted businesses, and net a mix partially are in markets, EBITDA year-over-year, orders. basis, our basis accretive XXX offset volume and margin discretionary decreased
were Organic to the X% Now prior Fire turning Slide were price in up Safety/Diversified up capture segment Products to all dispensing wins orders Organic our X%. in markets markets. year, continued and compared by project driven sales emerging net & XX. across
from OEMs points Safety would higher I the quarter partially and activity.
QX leverage, We cost on price to update costs positive saw the to that that, third down. year-over-year, their backlogs adjusted continue guidance Slide BAND-IT operational work and Fire due volume EBITDA acquisitions. full contemplate within and industrial weakness not declined by tied an are weaker lower impact XX to does our primarily & for and trends seeing on provide like year the auto business our XX. outlook basis Note project the employee-related strong to future margin offset productivity.
With as
EBITDA in organic sales EPS quarter, X prior with X% project an For the the of to adjusted We we to single-digit approximately to decline range third XX%, to in low compared $X.XX, growth of year. of increase $X.XX anticipate in margin and and in range sales On adjusted basis, $X.XX. $X.XX HST EPS a FSDP the FMT. to low organic and we single-digit year-over-year expect GAAP
of our growth are to market revenue expect recoveries, current year we timing decline to revising X% to our We Given to end now of compared full X% outlook. prior X of the our view outlook on X%.
revised $X.XX organic a full to to of $X.XX, from single-digit to GAAP EBITDA approximately previous FSDP. range with to EPS diluted prior $X.XX assumptions, implies year and update of range decline approximately Given margin the and to outlook organic sales $X.XX adjusted of adjusted to guidance to outlook year HST EPS $X.XX compared $X.XX.
The full expect XX% versus our we $X.XX previous a FMT low revenue $X.XX guidance to mid-single-digit from project in XX%.
We of growth versus in our
will it remarks. I end our the We profitable markets, will while Eric closely to closing for effort focused driving on that, to over maintaining growth.
With continue turn monitor
