provide also I'll good everyone. outlook third Thanks, morning, our second our and quarter and review Doug, for I'll the results, quarter.
Following Doug my highlights call to the cover sustainability our to over turn report. some from remarks, back I'll latest
our results. Now, let's review financial
a by end end despite we're Before positive a outlook, into let me ability our on had a markets. I target solidly was to variations our get few performance summarize on saying remain track the and earnings quarter, margin expansion. solid reflection execute, of details, for our team's in We we and near-term market our
few margin other side. income with let's sequentially and the relatively basis activity million sequential on a hand offset higher sequentially XX% our pricing. the flat growth of in driven million, primarily improved quarter, destocking points. increased $XXX Sales were the begin in markets bridges were operating XXX Now, end $XX in quarter to Operating Volumes areas. X% first from quarter, the up by left as
improved negotiated sequentially effect planned, last inflationary are as the increases contractual segments input helping which, year. recapture both are we along with costs, as increases cost in Our absorbed stabilizing from expected. margins margin price taking Operating and us
last side, Turning X% on the lower to year-over-year the bridges year. than right sales were
were impact last on than an Foreign a year. exchange sales currency slightly basis, million had sales. $X on unfavorable constant higher And
steel key Doug mentioned, end in markets litter strong America. bleaching see as several in earth, to continued in pet of such growth products foundry and such we end and our other and markets North as remains and As demands
Environmental within in weaker some as However, consumer in market as in businesses care and end impacted of food additives. inventory by were well the and personal paper our Infrastructure, as our volumes markets, & such conditions project-based destocking
than prior lower Second by quarter $XX mentioned. total, impact we cost beginning cost of the increases. I in In delivered markets the this the was of million price was any favorable X% lower driven increases that million worth compared operating primarily of year, volumes of inflationary we've impact $XX noting largest quarter price with this versus the net in It's cycle. delivered income from since
items and the with segments, of program, $X.XX share special severance-related costs. our litigation quarter the get second our second quarter $X.XX, Now, savings Reported of items including costs in each into per $X.XX results quarter. of special and included for before earnings I'll we the EPS our cost of review in $X.XX of the associated
savings mentioned, As second program Doug we initiated a the cost in quarter.
products year, and deliver late the the our second earlier reorganization million $XX and $X.X we further savings program, were starting solidifies to rate Barretts recorded program deliver us run and claims. full to incurred with This to back streamline margins. the with severance we appropriate the our incurred target on re-segmentation track gives Following first the to identified reserve that litigation to quarter further million We that restore defend the of subsidiary, of and half is for this company's costs margin to trajectory we up to associated savings claims against XXXX. certain structure. ramping level our in quarter opportunities Minerals will we Inc. Talc annualized existing expect this in our the improvement third cost associated of from cost costs The confidence by and remain
special Excluding was share earnings second the items, quarter. $X.XX per in these
our performance Specialties. of segments, with & I'll beginning two review Now the Consumer
the year. million, $XXX Specialties above household quarter Sales increase line of an last X% were Second year. segment personal in last X% product compared Consumer were sales and & in care with the
litter pet trend, on growth sales Our remained its strong increasing with year-over-year. XX% business
we last Partially in of significant are XX%, bleaching growth in saw up destocking personal food year the animal earth, also seeing this We growth care in impact which over grew inventory was additives. and health, XX%. offsetting and
in year company's the While are part impacts of will the when automotive benefit markets Sales a housing in products and additive inventory the in with market into in our last to customer picture, the for well small flat improvement, new margins offsetting we're resilient prices, pharmaceutical due American higher offsetting we mostly benefiting North new starts. products more product from end in satellites, exposure destocking ramp-up these Residential highlighting the paper current home the markets. with from solid going line. demand of softness sequentially. to are from a prior Meanwhile, margins as market, to they sales softness portfolio as XX the general currently prior and a continued operating sales cycle experienced has were ongoing dynamics perspective, was of income and continued the market X% cost PCC several result. X% the improved operating year ends. because been recovering a incurred improved the inflationary the carry of destocking Segment Europe. year, Specialty and throughout more and segment basis compared because to as over margin construction higher this higher This demands make progress mixed to points sequentially
and personal until in should bleaching care a quarter, the it's we continued to Specialties level, sequentially to deliver the on geographies market the driver North margin we be the additives, that see in similar similar the litter in ahead target modest third in demand margin the operating overall improvement. additional pet Looking on stabilizing continued for segment, Consumer strong. fourth across the toward income income higher third our should paper with price that in quarter quarter, sequentially. increases, conditions balance expect pickup X% in patterns Operating company's & to quarter. don't third improvement improvement Demand margin and and conditions improvement, expect household order personal track consumption. and expect of to be overall note is production approximately expect we Altogether biggest significant paper to segment earth we improvement. to line, other product America I'll And the be more increase care end and specialty markets with by driven the remaining see and In costs.
segment. Solutions Engineered the review let's Now,
Second and last quarter were line, segment were soft and remained first overall X% have High X% year, remains X% lower were the in higher In last conditions year below X% foundry products sales the sales than in sequentially. Market first Engineered similar product the Europe through Demand higher our and levels. North than America to but refractory Technologies half. Temperature for strong, in year Solutions quarter. prior sales
sequential Environmental However, experienced foundry are for continued our year. we the improvement above Asia, and wastewater product levels volumes we last growth for applications, seeing in in & are products. line, and remediation now as In China well Infrastructure our drilling as
year, However, period. sales were we but as experienced prior lower lower construction commercial activity sequentially entered than levels its Overall, peak XX% improved seasonal and the the environmental lining for business systems. in XX%
and will Environmental solid below Temperature project XX High as Technologies margin In in construction similar experienced for to expect and X% environmental sequentially. product was strong High commercial quarter, third Operating we Environmental demands second in Operating Europe & In sales of and Temperature project X% Infrastructure segment in & slower. income we activity first the by basis North quarter. expect line. large in continued XX.X% income the similar Infrastructure, segment improvement for the in Technologies with offset remain total, remaining to the sales. operating China, and improved execution quarter, In remain modest to America, activity grew be points from prior the operating what resilient year, was slower income expect we to scale the we
more first to and move highlights. balance our let's prior the double Now half from Cash was operations year. sheet cashflow $XX million, in than the
same the million period quarter the was capital year. working higher last $XX Our end at the than of
is significantly, cashflow, having through on an on cost While still working our working the impact impact are businesses inflationary higher our moderated has and still capital it inventory.
second operating to free totaled significantly $XX $XX far half, the to result. Capital and working so higher capital year, million. normalize million as a expect have cashflow in this bringing cashflow we further expenditures We levels expect
construction includes this new PCC satellites, well maintenance of refractory as the year as Scantrol completion of the systems. several new Our CapEx automated
approximately the in cashflow year, free to $XXX to the be expect we For full range million spending to million. be and capital million $XXX $XX of
Our X.X quarter times and EBITDA. balance end second sheet very million, liquidity was remains strong. $XXX of the was at the net leverage Total
fixed far rate years. interest we've hedge I'll rate quarter rate with quarter, XXX several has variable million In by interest or was fixed second which So debt. XX% approximately higher our a EPS. a which translated fixing used free our we our our last this EPS. approximately XX% of $XX X%, to same and through of of rate, of expense year, million, the that fixed cashflow a $X.XX approximately and instrument, than than note ratio debt in here we've or the approximately $X.X points and the more notes variable is last pay average achieved down the of had of this that portion debt to was that higher $X million basis $X.XX for Year-to-date, year, period interest figure
for mitigate two our Our near-term to capital of priority higher the net leverage as as toward to deployment repayments cost times be move target debt interest. continues EBITDA, well of
positions company interest Our change. environment fixed well also floating debt the should ratio the
the I'll quarter. Overall, our MTI, performance outlook third third summarize for Now in for quarter. another the we expect solid
strong, see health market sequential stable from relatively remain should are litter, conditions in modest and earth, remain volumes. we and animal quarter. pet second Demand paper We products for bleaching American improvement to North should forecasting the
in and care personal other likely continue and the will that until year. similar mixed, will residential be remain markets expect sequentially end destocking We consumer with automotive later construction to
steel markets in are sequential American to assuming North foundry expect remain and foundry improvement volumes. stable, and We China modest we
slower. systems activity likely environmental commercial and lining construction remain However, will
improvement. to in margin track us will taking quarter, actions help We which effect have incremental the pricing on keep continued for third
on orders and MTI, the Our quarter $X.XX levels of expected margin our is for improvement we track in million, $X.XX. of program track. share are for last to in cost $XX on additive income taking the expect range or support will as stay improvement million personal The company the action and for to operating to and care year, per we the food Overall, rebound be $XX earnings higher X% we for continued to and above savings ensure of continued cashflow, products. year, margin will between third later approximately and X%
I'll With sustainability a for Doug back report. that, pass preview it to Doug? our quick latest of
