everybody. hello, and Deon, Thanks,
from In and quarter, volume and prior year, by an productivity and organic up the driven second we a higher temporary $X.XX, partially driven adjusted actions, ex. cost-saving on basis, per earnings roughly by both were volume. compared Sales benefits share delivered higher of offset XX%, prices. down by low-teens decline, $X.XX sequentially currency to
to Adjusted basis quarter, EBITDA $XXX adjusted in was with the XX% EBITDA in XXX second with free up flow generated was dollars roughly compared sequentially. line the which our up We of adjusted in QX expectations. million margin quarter, XX.X% cash points
the components supply noted strategic over last partially certain higher may as which you inventory RFID company, experienced we As in couple in chips, such in years. to disruptions that related builds I also the recall, inventories in areas areas of quarter had we and across last
we unfolds. year latter, we driving and made on progress across quarter improvements as businesses the progress focused and in the the the second further good are expect For to make
remains sheet strong. balance Our
six We for execute in acquisitions combination as closed as capital including to to strategic the second the strategy, $XXX first deployed to million shareholders we of return million continue disciplined a year, continuing repurchases months Brothers M&A. our well Lion and dividends, shareholders. $XXX share allocation through the of such In which and cash to returned quarter, as
basis, driven year. inventory a basis, overall built a us and in Materials materials second XX% decline results. mid-single-digits Turning quarter last ex. and up down low volume currency to being on from On organic sales group increased was to were Label an this sequentially. the volumes reduced volume segment with is as mid-to-high-teens being downstream year sequential the by
Label on continue as we move combined North you that can pace remaining and the X, Europe for that highlighted, assume of volume into quarter the we see second and quarter. in Deon the to ramped As America Slide through and third July,
we versus XX% America Looking North at lapped China lockdowns was in to Europe organic roughly the area prior Shanghai Label XX%. were trends year as down significantly volume materials quarter, and was America the the compared modestly up digits. sales and it up up up Also, year high-single sequentially. organically prior mid-single digits Latin were and sequentially. Graphics to low last from year, digits and Reflective was single up
EBITDA compared to XXX in Group X adjusted down delivered a from points Materials up QX, margin and prior QX XX.X% point strong year. of basis
benefits more by volume. As lower temporary than the actions and from offset were cost-saving productivity
to We expect EBITDA sequentially. margin improving continue adjusted
of reductions environment, costs, material largely and lower our being modest a raw we these to significant moved a passed have inflation, along price following into period are customers. costs deflationary Regarding
and Shifting Sales organic currency an now X% X% ex. to on were Solutions Group. basis. down
jury brand growth in dispute this also largely increased matter. high-teens for the encoding appeal. and in more than continues margin base offset the low-single-digit retailer methods was in due to We've in an As tags. categories related is As disclosed to to decline and business was muted. liability quarter, company to down recently a sentiment completed remains operating GAAP ADASA alternative legal verdict the by any high-value largely the to preparing migration The RFID
with and compared continued by Intelligent of investments volume driven margin XX.X% offset strategic actions. in XXX to temporary and Labels cost year, points EBITDA by partially lower was productivity prior basis Adjusted down
remainder the year. adjusted EBITDA through to margin sequentially expect of We improve the
earnings Now sequentially the shifting we third the In per to $X quarter, $X.XX of improvement to in adjusted be in the to roughly up at the to similar midpoint, $X.XX, QX. delivered share level guidance. of we expect our range
to continue third as Intelligent structural productivity pace will similar further across Labels continue quarter, a actions expect as accelerate driving ramp at being in our cost further QX, to implemented the to to and businesses. moderates. as are on continue reduction destocking we new In we volumes Label volume inventory categories focus
adjusted further than previously period $XX-plus Looking as seeing We forward, of anticipate assumed we rate, and more the will couple the seen expect with quarters ramp achieving in light in in run In EPS quarter, earnings accelerated later ramp. sequentially anticipated. we're destocking currently increase these measured fourth continue past. share we of a previously a broader the Deon we've like albeit, to per mentioned, end a would more the a cycles uncertainty, adjusted macro
rate Labels the next of Label impact couple of of of volumes. reductions, structural actions, in normalization improvement Intelligent particularly a the towards cost driven materials, volume, normalization productivity quarters $XX and sequential by anticipated continued non-apparel and ongoing the apparel run ramp across destocking the the and inventory The is
cost We've savings estimate April $XX pre-tax from million, incremental $XX contribute restructuring materials. million XX will our now Slide up net from full-year of roughly We presentation supplemental on outlined considerations transition that additional of estimate. our
year capital million for we we headwind IT our impact roughly roughly from and on rates. as base investing in our million currency anticipate $XX from capital projects, business. increased back previous on roughly And based has investments full current now million $XXX $XX translation fixed the outlook In slightly down anticipated and a pair reflects
to year, we delivering the exceptional despite remain our In through our and to profitable results continue long-term and strategies summary, we financial on value targets allocation. capital confident our improve committed in disciplined growth ability to near-term as through through we're for our long-term We're continuing XXXX. delivering challenges, move
your the And open call up for questions. we'll now
