Bill. Thank you,
slide basis. the were X. Let's on In net currency QX, lower an and X.X%, sales the start P&L on including and decreased with impact organic of X.X% acquisitions
Intelligence Our led significant by lapped Tracking year and Asset period. constraints prior increased we in the printing in supply XX.X%, strength segment as
mixed sales in realized XX.X%, computing order primarily sales performance sales of customer March impact distribution, with & growth ceasing slowing the and data demand Enterprise solutions capture declined strong declined, our deferrals, XXXX. due through large and segment We to offerings. Visibility in Mobility among of RFID. Russia Mobile to
service attach recovery strong Performance increased capture, our from and we helped sales North Additionally, regions. rates. challenges. strength data America printing the to with supply Service due and mixed across drove chain was growth in Software by also across X%,
Russia. to our due into declined a EMEA sales of point sales X%, primarily of basis impact suspension XXX
decreased growth computing sales relative by America Asia And with Mexico. grew outperformance in Pacific in driven X%, Brazil sales Japan. X%, Latin and strong mobile
G&A offset due expense. sales of partially investments and by premium lower to margin. increased a XXX primarily FX a the business, strategic activity gross sales, partially in to Adjusted offset and as chain basis points return expenses to service and Adjusted by due costs, XX.X%, normalized operating supply to margin in increased a points percent basis reduction primarily lower marketing XXX
due fewer was adjusted shares point Non-GAAP by a interest driven rate, partially outstanding. earnings year-over-year a gross was higher quarter by offset decrease and tax basis EBITDA $X.XX, increased First per X.X% XX.X%, share expansion. margin diluted to increase margin expense XXX a
now we had QX, $XX interest unfavorable inventory flow primarily to cash slide balance sheet higher timing of flow the and X, the which the prior on Turning to cash to negative due in year offset payments, and free period QX payments, million, settlement cost announced to of was compensation $XX which in XXXX, incentive was and quarterly in cash previously timing all and lower the of conclude payments. are customer scheduled partially taxes million by which favorability of of collections, of
our repurchases our which of is and we revolving share times of in also facility. approximately capacity We top times EBITDA X.X well $XX credit our net QX, billion debt ended of at a adjusted ratio, million invested the portfolio. range below comfortable X.X target on $X made of venture leverage had $X.X and In million to quarter the
The On spot slide along us redesign products, improve improving freight which with purchases and reduce and have X, taken we capacity, market have peak chain from levels. actions cost to enabled we reduce component the premium on rates highlight supply freight have costs, to to the continued impact.
incurred In to chain as costs supply $XX of the million, pre-pandemic than million prior baseline, $XX compared year. premium QX, the lower and we
to costs We premium expecting are to these supply decline. continue chain
Let's now turn to our outlook.
sales and and softer our into improved capital. as adjust trends large see enterprise also of lead orders higher channel demand realizing to their customers the well as as cost distributors to continue lower product We are defer times
sales year. and our prior quarter, XX% decline to to compared expected second between the are X% the For
Our negative outlook assumes recent impact foreign currency from and additive a point two-point changes acquisitions. one from a impact
margin approximately be supply EBITDA partially expense costs. chain lower by volume, gross adjusted QX deleveraging from anticipate by We higher offset to improved from sales expected XX%, driven margin
and diluted to to more costs of approximately $XX million range million reduction. chain than expected QX the $X.XX. supply in premium be in expect be $X.XX is We Non-GAAP to $XX year-on-year EPS
an negative foreign This changes XX sales We to are from points. three approximately assumes and our sales point and between outlook acquisitions. anticipate outlook net year We full X% reducing currency net by now XXXX basis decline X%. impact
to our expected FX are year-on-year easier abating comparisons, sales half announced from benefit increase, recently price and Second headwinds.
end have are trends that of environment. outlook, macro the the We the range, pipeline embedding in uncertain demand to of our sales high caution us recent given in solid but a opportunities gets
year of now for low outlook. EBITDA approximately which premium of year, as supply full chain are the expect million faster-than-expected the our margin expect previous of We $XX adjusted end XX%, seeing recovery. We is costs we supply chain approximately
we for $XXX year, in We the the flow increased year $XXX revised between expenses free targeted operating to lower half proactively have discretionary cash year. actions expect our restructuring operating through reflects managing and been in our sequentially caution the controls, cost which be of second and now expect We million full million and expenses outlook.
settlement reminder, cash by payments. As is cash of flow increased million and $XXX a previously impacted announced taxes
to focused elevated be We component inventory on our sheet on as balance lead-times have continue rightsizing normalized.
by dynamics. capital Working supply impacted past chain variability significantly over been global year has the
believe inventory business and as we actions taking enable fundamental levels. unchanged model are is cash Our will flow deliver we XXX% to conversion the us we normalize than free greater
assumptions are XXX% incentive conversion a slide on cycle, focused achieving modeling compensation executive in reference We which over additional a included Please on is our plan. nine. shown now long-term
Intelligence the how vision. we turn will discuss call Asset advancing to Bill Enterprise our are I to that, With
