quarter this our begin had good and results financial outlook our highlights a our joining of the to for everyone. quarter and Mike. quarter. half revenue morning I’ll the we for second discuss record Hello, Thank Overall, you beat. second with performance review EPS with us Thanks, to year. for solid a the
$XXX XX% revenue acquisition the shipments QX parts to was and were a up slightly led both from growth. impact wood record but line when recent Bookings to capital excluding down The for and our contribution increased X% million. of our to stone processing product FX. $XXX million this Our negative and
diluted or $XXX XX% while XX% X.XX. XX%, finished EPS adjusted we was revenue. of was ratio GAAP was million net with margin finally, a XX.X% $XX and debt gross of and EPS to EBITDA up And also $X.XX. million leverage was Our XX% quarter $X.XX, and of up up to the adjusted our
effect foreign currency the made significant while Slide X, our see second can you had contribution an handling As business newly our quarter, on financial in a unfavorable translation results. acquired to material
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and in prep million. product our in our North discuss bookings bookings provide We in year, performance. was line record I’ll our this at line solid from this America. on I product bookings in stock a our performance of more and processing details QX Following QX wood capital regional $XXX when strong benefited Europe
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lines, and fluid handling respectively. very XX% was and doctor, excludes internal filtration product which growth, X%, strong Our FX up our cleaning acquisitions, and and in
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great believe continue addition the family. Kadant is it to We a to
to Turning $XX weaker and Europe. market now demand particularly major with still million. record in to to the pleased like Europe, and the our said, packaging producers That QX pressure, remains is suffering, production Europe results Industrial large though some still are in however, have had given conditions in relatively with countries due in sluggish, price manufacturing part a Germany Italy at downward I’m exports. their solid. Euro Zone, exposure were being bookings these challenges
handling balers, with and our book While capital value approximately another consisted of project we did packaging, smaller one equipment in of orders for equipment, debarking large million. for and tissue quarter, many activity second stock prep a two production for fluid the $X systems combined
strong last of Second on quarter The revenue was was FX our down impact to notable. revenue X% QX to compared of $XX year. a million
the X%. revenue by Excluding FX, QX was actually increased
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more was we major this up performance have and DCF including down across line, tissue sectors $XX our product to the last while from serve, same the other Outside of OSB. down product good million. seen was lines we most We performance sector, from than period our year. to packaging impact major of Revenue our X% compared had XX%,
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reported for activity comment Day our year India in I India. strategic our We us. this wanted And a earlier to that finally, a was Investor make focus business during on event
capture are for to long fast-growing strong to been India a market believe continue actually there this in We market. share positioned capabilities enjoy We’ve and we build and time our in business markets. in well target our
we orders several Our received and business for some and there, from recently and the stock prep paper systems nicely dryer country’s largest of growing is large drainage systems packaging producers.
comments the few of a finally And the rest world. on
up weak dissolving America, $XX period the QX was down revenue, in period QX, last sequentially bookings compared prep for capital our same two during relatively handling order which quarter, quarters. million Bookings after wood in largely and fluid last this to rest-of-the-world same Despite for for up the equipment X% from system year. another results tissue had million, were preceding we pulp the including XX% stock $XX decline, a notable but South several a application year producer. an is for the Our a in
record our half with for solid financial start and to for positioned The of comments for few on year another like results. guidance my I’d first full well conclude XXXX. year the remarks QX the has us a of to XXXX
material solid acquisition and the XXXX, in nice operating performance had of handling half our our metrics. financial Our first a businesses provided of to all boost
well, we our guidance. performing While are two impact factors
dollars. affects earnings the dollar, when impact our negatively into is The first U.S. of translated U.S. stronger the which foreign
the second global is believe capital of tempering is impact the we The in which slowdown, trade projects. investment
guidance full said, $X.XX. previous EPS $X.XX and maintaining guidance are to we $XXX GAAP from $X.XX That raising revenue the $X.XX of our are our to XXXX, our diluted million million guidance to year for $XXX of to
EPS We’re to our $X.XX guidance acquisition-related items, from $X.XX excludes to diluted of $X.XX. and previous to costs our which also guidance, raising $X.XX other adjusted
quarter of we $X.XX EPS diluted million third on to the $XXX $XXX to million. expect For $X.XX of revenues XXXX, achieve of to GAAP
With on over pass Mike performance I QX. to additional for now financial in call Mike? our the that, will details
