Hello everybody. points of transaction like few Thanks, first summary Vestcom add a the our supplemental and to referring add – materials. to I’d I’ll Deon. Slide XX be on about
annual roughly below mentioned, with EBITDA is Vestcom’s be expect $XXX margins we to our XXXX. multiple growth As $X.XX company revenue multiple. this accretive deal by represents historical average purchase and company EPS synergies. of already to million, price above EBITDA Deon our The overall And mentioned, strong billion an including
fund our be deal the QX at we ratio executing a capital ample this low combination of continue year, currently debt. to acquisition anticipated, target giving of We’re of If through strategy. the capacity leverage near planning allocation end end as and to our the us cash our to range expect in closes the
Now, to back results. jumping our QX
an compared earlier, and Mitch $X.XX by quarter delivered expectations we share another easier above earnings revenue driven of to year per our prior prior adjusted the comparisons. roughly driven As were which strong basis $X.XX, up XX% by ex-currency above broad-based on and and $X significant growth. benefit share Sales per strong about demand XX% from was by with said year, organic
versus QX, last QX Given has our that Compared to the pandemic of up growth sales strong our XXXX XXXX. with in been organic results also impact year. XX% had on the biggest
productivity majority year’s more pulled the operating margin temporary well we’ve and which quarter, reduction cost gains, in new points up last Our actions, an increase investments basis an projects adjusted combined We from savings the realized carryover of million XXXX. strong than organic inflation, growth last of to as into in restructuring from headwind year. as of XXX net with deliver the forward XX.X% of represented $XX offset
We offset our which also other and each recorded the largely two results GAAP items, quarter. in
disclosed is upon previous a the in second matter, ruling liability a taxes of appeal. the in is which the Brazilian first more gain the a The company related recovery prospects to related favorable to ADASA of outcome the previously remains paid indirect years. And in confident disputes legal
chains remain initial Both mid-to-high raw and rise we Mitch input as continued have inflation entered freight were costs costs third by in with inflation mentioned, category. above our see and a expected material Now, sequential increasing. supply With been tight to product the as rate and we variations single-digit and have expectations, region QX at quarter.
cost through addressing reengineering, additional in increases and the pricing, across have and regions are increases and combination world. product our We of price most a of businesses the announced
cash XXX,XXX we $XX total free the our ratio allocation year-to-date, is shares half returned balance Vestcom to of so net capacity, $XXX a cash to years. million for previous strategy. in quarter in This I adjusted a year. to cash shareholders end. $XXX allocation, continue capital we’ve said million and strong, of earlier, Turning quarter year, sheet flow at at with million debt generation compared the paid our $XXX far EBITDA $XXX after the over acquisition gives the cost of aggregate dividends and second to as X.X million, In this in up ample generated executing an even of us to million with of repurchased significantly first And
volume, to and and basis, Graphic basis. XX% we’re the organically. XX% XX% Compared up sales and compared and up the results, high were Materials higher business. saw QX of Materials both an were Label the growth Now base turning and sales on ex-currency to to sales organic XXXX on product continue strong were volume XX% to driven sales up in we and value an Reflective organically and Label the with roughly organic categories rebound up XX% Packaging Graphics pricing. by segment nicely last on year trough
believe QX pulling Now last that volume some quarter, new do we forward customers QX similar of from to benefited ahead from increases. price
roughly sales demand their in region; sales first up were In regions segments the digits. organic up Looking overall in high roughly from growth were from and continuing by quarter. low Latin And and over And markets in the quarter Brazil. strength XX% were can grew as at region impacts significant Asia-Pacific India particular easier digit by saw region, growth last year. The then with QX emerging XX% ASEAN led sales single Europe the comps we in QX in the the up given teens, pandemic with North XX% had America Western double we both grew growth strength mid increased China. in America
and RBIS service as now Branding ex-currency freight on XX% our had Shifting to XX% strong; expedited year it both adjusted organic Information quarter, and such needs. we constraints, customers’ led supply costs overtime partially LGMs remained This increase last in impact of supply some the XX.X%. an Our inflation which the margin and to by to decreased ensure Retail Solutions, slightly to incremental operating were in was and basis. from up to driven sales
segment base year and strength organic was demand and apparel due to both Adjusted channels for the value lower up value XX%. and to XXXX double-digit XX% increased was the brands particular comps. XXXX. growth increasing part retailers operating Compared growth the were Label in compared in strength XX.X%. XX% the in as categories up The sales high and prior business, prepared continued Intelligent performance with to business and strong external its margin organically continued As embellishments. roughly for growth in to
continued cost significantly increasing employee prior of over investments. growth the four from than growth year reduction team with to As margin The has their and costs and related actions, years, RBIS more four top-line offset deliver, from more the expansion than since margins benefits last volume productivity points headwind higher the higher temporary and XXXX.
due the to the organic prior Turning Materials volume year Compared care from operating costs. the than sales cost up in related headwind points comps. higher to ex-currency tapes automotive personal an than which to XXX basis. actions and basis, to on segment, Adjusted industrial Industrial benefit as and organic reduction XXXX margin XX% growth higher employee particularly in categories, basis increased reflecting and a an sales tougher offset increased Healthcare from in more decline XX% offset temporary strong were XX.X% on X% applications, more
for some roughly strong driven for to impact of year, current productivity, from to organic of income rest raised X.X We now year continued this we $XX The QX. adjusted to estimated growth. pretax to to growth, on is given $X.XX, yet and outlook the will in to projects. outlined and and in now which down between environment incremental based the of strong QX, as from the expectation both delay for savings extra include we anticipated currency third full be million us of the XX% EPS $X.XX driven restructuring, the as now range. And And certain Slide operating based expected We’ve one $X.XX of as somewhat $X.XX a the prices. $XX shifting the increased which outlook and a $XXX points and has previous calendar from working now demand sales of by And guidance anticipated does anticipate will over the our to well capital April XXXX. for growth this volume the contributing quarter. particular, earnings year, our and our strong to close a of estimate, by shift than the reported the Now increase net ex-currency growth of little free We the quarter benefited Vestcom to as a million more for last in million, of by the share XXXX from factors then higher our $XX reflects and acquisition, increased year later impact flow estimate a XXXX, QX $X.XX transition guidance is sales headwind reminder, in our in this not on is up of increase rates. for week tailwind presentation fourth The we’re generate per sales $X.XX roughly above materials. XX% of a roughly expectations, the translation the sales earnings other performance in to targeting million XX% the to the In midpoint led XXXX. supplemental headwind year roughly be XX% the roughly guidance key from contribute on headwind XX cash higher costs
Now given due or the color the year, to There second are $X.XX drivers, outlook roughly this last first each let are on in you plus compared of with distortion and primary to comparisons half first year-over-year our our some in half. second the me four relation to worth pandemic minus which the year. half half provide the
I shift, calendar the just is mentioned minute a item First ago.
the Secondly impact pre-buy is on QX. QX from of into volume the
quarter, sequential in our a given in our drive inflation strategies. GAAP ramping to timing our we in business, lastly, the there’s QX, confidence expect of pricing Third, pace by passing price continued up our driven investments through. And to increases the close new which third of we are long-term
drive strong EVA. we a on up in deliver quarter we returns We’ll delivered now objectives track in questions. remain plus the to to summary, quartile environment. achieve sustained call capital, our challenging on your top GDP So which long-term together open growth in on And growth for another in