Gene. Thanks,
economic introduce when amortization XXXX. targets earnings full-year of prior and call clear the the will this of in to our on business. of plan performance associated discussing quarter deal a QX disclosures income of that completed provide first-half year facilitate believe additional have I with the Before expense in periods impact results, XXXX. mention begun February, exclude we providing performance more with review the our comparison meaningful and We this to want guidance acquisitions that exclude we we our We margin for amortization that
we a moving bridge, of Now $X.XX. GAAP basis, per share earnings to our EPS reported on
Our was share or per amortization. deal $X.XX $X.XX, excluding adjusted earnings
Our consistent in made EPS with are to adjustments those QX. GAAP we
African results the results Specifically, we non-service-related charge of are expense, of The adjusting acquisition-related for a projects, pension South one-time projects. Heat South our adjustment associated million cost estimates $X.X out the with for and our a items. Transfer revision of includes Africa the
However, as not cash providing we already updated changing item our are had when as expectations cash potential overall the for projects, adjustments for risk our these estimate. we cost usage anticipated a
cash our As in of million in been Year-to-date the million expect this Africa QX. $X deployed net in $XX usage of the the including with has approximately $XX million to year. life a over majority reminder, South to we use expectations, line with projects
year to our by three in remaining, year progressing continue of next expect completion We now the substantial and end. are We are and projects substantially streams entered of with the role the that two complete them. work with to of end
to aggregate consistent our associated While on as with the as remaining projects during net cash net and well not quarters cash be an nominal of we net Africa, others cash usage time our will basis South periods anticipate be inflow in we expect all outflow. of
presentation. appendix more QX this You in on the to details can projects results the in find
for Moving on segment results the to quarter. third Core
and margin acquisitions XX organic in acquisition-related Our million by reflects less in impact Engineered effect favorable revenues segment. HVAC in Core declined and margin amortization growth basis Solutions our points. segment revenue reflects our reduction primarily offset The continued income of segment increased of partially Measurement our in segment, of performance while Detection & income Hurricane $X.X $X.X the expense million, Florence. segment
deal-related points. income margin declined amortization, Excluding segment XX basis
have segment. revenue and products. net Revenues increased favorable in points Segment income our costs of a segment margin for and input higher electrical growth demand tend with was generated heating non-U. year-on-year the And and XXX HVAC. to portions through basis of decreased of flat sales cooling a results result by boilers to our you price the the less our have as The markets, for growth the details increases, price which business our good the XX.X%, and we in starting higher organic the been increased progress segment, walk compared and cooling, of Now sequential which prior a We the mix markets lower-margin have organic end coverage majority Generally, our with driven delivered increase, heating through QX heating S. costs accepting by year. the made initiatives. quarter saw growth input was both actions. our from drove profile. of on
backlog, of offset level worked lower the had was anticipated price we in expect As we through QX. though QX, further sequential our we than somewhat have in improvement
of and Given X% now our XX% to expect year third expectations, prior of upper above range of growth our revenue or end XX% to the quarter results X%. guidance full QX we
increased XX% I projects income CUES segment compared decrease Measurement, prior impact of Adjusted partially a also be driven expense QX. during acquisitions, of margin the level result offset basis primarily in In decline This of XXX XX.X% executed our revenues & change We was points. primarily and the the reflecting guidance, of margin and product our amortization expect quarter. by XX% Detection Schonstedt items around of acquisition-related mix. a or noted for by XX.X% segment with the the as to
margin We which of incremental in we markets, number of see opportunities of of QX. our Excluding executing effect the developing frontlog end high encouraged was deal margins, them amortization, with significant many projects XX.X%. for segment in remain are the by some
margin increasing project for segment schedules Detection Measurement, shipment have year we're QX in our higher lower firmed & expectations guidance, growth. but somewhat revenue early for our resulting XXXX, up As and income full
revenue to model favorable margins. excluding The full by For margin adjusted about revenues XXX Heat offset margin we would now associated the decline contributed basis around million transformers to Core income expect impact million down the about lower process the segment, revenues shift higher $XXX of declined X% XXXX, the our approximately deal-related impact range for Florence of on expense. process approximately Solutions and points segment of Florence million, basis with in year amortization excluded XX XX.X%. and $XXX the of Transfer the be business cooling due Engineered business. higher year $XXX Core well approximately and full African to of for results million our projects driven XX.X% expectations or margin XXX points our $XXX if of points Hurricane In The million, margins, were margin around partially less our revenue to XX%. a South as of XX% basis We transformer business, cooling the Hurricane year-over-year as margin were by $XXX segment. of prior
The transformer North storm. by weaker our was under and of absorbed the impacted plants Carolina One in the disruption caused costs. by located production loss
of the plant, full this possible Given QX. make it's not already in the up shortfall utilization to
some productivity was largely inefficiencies effect and a experienced productivity we Based margins staffing Wisconsin. to tight our well costs factors, also associated market, higher The as at reduced expectations modestly training. due as We our these with more lower-than-expected input which plant to segment on in labor transformer led challenges accordingly.
we the $XXX year a expect we in of with this $XXX to And Core expect compared revenue XXXX, million segment to around continue Core margin previously. X% million. For now X% full for segment range
now position. Turning our financial to
equivalents to We seasonally and South QX, African net quarter cash last the Our cash approximately million. generated cash used with the balance projects. Overall, which strong in of of million, with sheet solid. is our pattern around flow a cadence. $XX cash the exclude ended free remains year's quarter typical Core similar In and $XX line fourth generation we for
free cash income the for XXX% adjusted full at expect of year. net to conversion of Core least continue We flow
times range X.X Our for at target X.X times. which our X.X remained within short-term net leverage, or includes of financing to CUES
significantly last ability year-end, to for continue the target discussed including we'd we our lower value, good We of trend deploying integrated shareholder down feel investments. net by expect capital As leverage about to end towards quarter, drive our to range.
Turning guidance. to our
over range adjusted or For share $X.XX continue results. XX% to in the increase to our year, of full the we at midpoint an of a $X.XX expect XXXX earnings per
amortization, of this $X.XX, a range implies $X.XX. deal Excluding
year reminder, a some and be in included today's partial year detail full presentation acquisitions. rate our of includes exit account As growth We've the of so a operational our higher into appendix regarding the guidance only the improvements. impact would organic acquisitions, even our for taking before
last at which level, can our segment Core expect As adjustments of revenue $X.X I summarized see guidance made just we to we've than the around guidance update be discussed, to several modestly here. billion. you Overall, higher
which prior also $XXX similar is implied We as level expect segment Core approximately income midpoint. the at guidance, a by million of
of our are margin to XX% income expectations Core However, XX% with adjusting segment around prior we guidance be compared XX.X%. for to the
ends sensitivities of in included the I'll back driving we expense upper as lower the Gene. to usual, details with the over key appendix, and rate that, as an overview our and to update help as you As models have interest the tax And your well also guidance of such range. call turn
