shows against won. XX%. RMB Revenues also offset. and From were dollar U.S. against the by production each euro the in our to up the XXXX. key exchange which weakened period markets, same dollar, the last other the Volumes Thanks, up two XX% second America rates year a and against increased to later sales currency African with weighted compared North China of vehicle basis. weakened production were largely XX% impacted Europe negatively higher the and a standpoint, also and compared rands quarter Ray. key strengthen XX the Korean on including to These was currencies and for Slide in quarter. up Global the South XX%
growth market. Lear's highlights XX over Slide
segments Rover over business market benefiting both the China. industry X second strong on sales over Defender. of in market was Europe growth over company was driven points, Range in the Europe, from production Growth and points, growth quarter, strong points. For XX and total by outperformed percentage X In E-Systems volumes higher Rover, market particularly by Land with the
contributed BMW Seating in the XCXX on as series X content in well. strong growth such E-Systems, and XCXX to Volvo the programs, new and X region and and recharge wiring electronics New as and the the
China, over XX The strong volume excluding on leather by Recharge Geely a of driven in resulted to due and segments. In Volvo growth the and E-Systems, in in by ZEEKR XCXX, In strong America, North Polestar commodity Seating program acquisitions BYD. XCXX was In production business more growth the total in was new segments. sales points and than FX, business grew both to both from X. new revenue market driven growth increases the XX%, growth
several expectations, company total mix X industry. consistent resulted on X%, than that in unfavorable the While platform key Seating programs revenue increased our by almost growth was lower with points
points, X was market first For the half total the points above company with above growth X over E-Systems growing Seating year, and growing X of market percentage market. points
increased financial $X will XXXX. for our quarter Sales a Turning to record I second Slide the year-over-year billion. results XX; of XX% to highlight
Excluding the XX%, exchange, sales of on by reflecting the new foreign production Lear of impact and business commodities platforms addition were in increased and key acquisitions, segments. up both
$XXX earnings to year from the the as earnings $X.XX million $XX in on to Our of operating to Operating addition quarter was $XXX compared higher a platforms per million were earnings XXXX. million to in compared year. business. generated of resulted The in and last impact Adjusted production the $X.XX $XXX new improved Lear ago. increase share cash million significantly compared flow
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adjusted XXXX, margins platforms an second and Slide in in in quarter $X.X increase primarily operating by increase for our XX $XXX explains from XX% volumes segment. of variance or Sales on the million driven Lear billion, strong Seating sales backlog. the and an were the
EQS in Canyon Chevrolet include X Key and ESX North and EQE America Geely in Series as and well the GMC in the X backlog programs and Mercedes BMW NEO as Europe, the China. ZEEKR SUVs Colorado,
improvement of $XX of support other launch Lear with spending offset was our earnings in to XX%. performance commodities, volumes margins and from adjusted higher engineering and The acquisitions, Core partially or new million, margins on foreign business XX% awards. XXXX, to and up Excluding higher were exchange and X.X%. the Favorable up operating platforms million sales operating net margin-accretive improved $XXX costs Conquest impact backlog. reflected by
in Slide million $XXX XX explains E-Systems segment. and were margins for the Sales of the $X.X the variance quarter second operating from adjusted in XXXX. increase sales an or billion, XX%
higher foreign commodities, the were volumes on exchange driven Excluding impact strong and by primarily platforms backlog. key our of up XX%, sales and
and sales of margin-accretive improved to backlog, margins impact Super our XXXX. new new increased sales, North backlog the XCXX OEM the passing in Buick programs reflected million, include foreign launch through improvement and China compared X.X% Lear Volvo and America. or Recharge Ford wiring higher North million to $XX of and offset Electra the and in EX programs The to a Key volumes customers, platforms the costs in in in earnings a X% impact by dilutive commodity support Europe, and America to costs engineering EV the higher operating partially on programs of exchange. Core Duty global in Europe, of $XX with
the is second in to half have as well larger performance improvements impact launch quarter Looking results the efficiency will to to ahead, late and year. expected second started due as in costs improve net of that deliver a lower the
our at XX Product basis to and estimates, currency Now on that Seating outlook. Slide customer The the global form June XXXX our on assumptions was including production assumptions Day production updated base full year provides We which forecast. production internal our our schedules XX. sources, several vehicle S&P volumes and shifting outlook of
global perspective, assumes an the sales euro At of be the US$X.XX forecast. $X.XX high RMB per guidance than of basis. At rate of euro rates X% X average guidance range, euro average will on a in of range, our global reflects X.XX S&P the higher From for our production dollar. This midpoint XXXX higher exchange assume a of year. the or to XXXX, an end and that RMB RMB exchange our to the assumptions Lear generally with aligned the production we currency rate per are X% of exchange weighted the and balance Chinese our outlook dollar industry
Slide increased for outlook operating more June sales, current XX, our XX our flow. cash XXXX On on we free and earnings provides net outlook. core detail
two to we To our next guidance more sales disruptions I sales, be production slides, earnings the the range. the $XXX flow for potential on the will labor end of contract detail in extent are cash high our closer contingency minimal; from customer includes to expect describe of million downtime guidance would midpoint of customer As negotiations. and
two Seating and both reflected assumptions on more next I'll the details half in for E-systems. slides, the outlook second key On provide our
the in Seating second Slide XX actual results first compares our half to sales segment. our earnings half core and outlook for operating
approximately The effects million protects half year. $XXX operating X% at outlook of second the margins America billion, forecasting our for of are our to quarter of down be seasonal X.X%. million from guidance of shutdowns reflecting for the expect results, compared in $XXX volumes the our to half the X.X% the midpoint Seating impact $XXX our revenue exchange. foreign potential our we first We second or labor midpoint and approximately third midpoint in to actual customer of North $X.X million sales half end in in due guidance as The is range, Seating negotiations. lower of well the At of half as Europe outlook high first income
partially lower and engineering improve commercial and higher volumes do platforms, labor actions and reduction lower improved associated benefit The operating the from as operating costs. strong margins Conquest third in our on reflects as savings in volume well new impact lower costs backlog and by capacity, due performance We of quarter and to Seating seasonal income to restructuring with expected recent awards. our support optimize negotiations launch offset to expect the the efficiencies business
XX outlook our half earnings the to half E-Systems results operating our and second actual compares Slide segment. in for core sales first
impact of $X.XX protects be We midpoint first from are effects down $XXX forecasting E-Systems the approximately and our volumes results, sales for million for foreign negotiations. labor reflecting in potential approximately to guidance actual exchange. lower outlook half The million second billion, our customer revenue of the of midpoint half $XX of our
first income outlook increase The million midpoint the first actual range, half X.X%, results. of margins end or our $XX year. half to At we from million X.X% an high of second half the X.X% operating the $XXX our guidance of compared E-Systems approximately is expect of of in our
We of volumes of and expect through combination a launch costs, commercial to recoveries. engineering reduced lower offset the performance and impact additional improvements
North America. efficiencies June first the was the in carried issues July. particularly year, during into In improvements saw and addition, impacted plant We our by wiring productivity half supply that business late in of in
the to expect of second half continue through improvements the We year.
and a near-term rate debt acquisition our a major We we Lear balance XX; fully for was any loan. competitive liquidity sheet highlight Slide advantage environment. financed interest a with strong to prepayable IGB The maturities. term Moving largely do have rising X-year in profile, not of
XXXX Our XX earliest our in life structure and of bond weighted maturity a has is approximately years. average debt
approximately low, Our X%. cost of is averaging debt
addition, returning committed cash the continue shares in shareholders, quarter. available first to We third In of liquidity. repurchase remain our half the in we $X.X have $XX of to stock worth to having billion we of the repurchased million year and excess
to which Our current XXXX. billion $X.X share repurchase through repurchase allows remaining us shares XX, authorization December has approximately
Ray some it back to turn for closing thoughts. Now, I'll
