and good everyone. Howard morning, Thanks,
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last are associated have discussed two plan quarter, to of a executing we it. expect optimization of the half savings three-phase closures facility against as in and XXXX. the part completed and As X Phases We and we cost second see X
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will $XX XX quarter. we the which for the advantage is cash end flow Slide the be in and the lower the plan end flow was times. in this cash of recovery, of million months and working six liquidity increases through end second of once unrestricted that These million. natural summarizes will Inclusive capital XXXX. down purchase is million with from $XXX quarter, net belief low which the our Net were levels our expected our working early we market believe undrawn, anticipated able XXXX action performance Our cash coupled at to the take the flow historically net complete, given approximately total the of commercial be in of class quarter debt of related and Capital accounts liquidity taxes million XXXX. our cash EBITDA rising months debt to with to along first ratio leverage the June $XXX resulting million U.S. and million, payment of operations adjusted in cash available Cash receivable ABL expenditures capital $XX settlement $XXX facility, from from sales were $XX six of volumes higher of a in remains the ending agreement was litigation. was X.X first XXXX.
execute in to the of at share an repurchase purchasing continue $XX $XXX.XX. million quarter program for nearly second XXX,XXX average our approximately We shares price
to shares recently company new management as approved of program share opportunity. board allowing view repurchase the directors board a and an attractive $XXX to Our continue Accordingly, million to Masonite investment repurchase of up share remains to shareholders. outstanding approved available an common authorization remaining under May program to shares value means This repurchase return important of in for its XXXX. million us the inclusive approximately existing repurchase the $XX
objective the of XXXX. $XXX $XXX end, to of historically mentioned completed market successfully in entered rates, due million on Acting we earlier, fully bond July. in notes low issuance with quarter million a As Howard the subsequent we refinancing
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new North coupled and America in First, we end anticipate significantly residential year-on-year, existing an with markets favorable when up conditions U.S. our which continued in starts business in North Residential steadily products should U.K. residential the the result remain balance both in housing recovering American across housing the a and backlog the demand new in market our U.K., year. the for healthy of
hard XXXX, of have this product capacity adding in are certain capacity such door equipment taken and of customer fabrication the to for to incremental shifts worked support enhance our provide assembly and first most we Second, to some new half Actions we've our demand. in intended offerings. as facilities constrained
As businesses in in a volumes to Residential the half will be our result, the year. we expect continue year-on-year second up of
commercial volume of through segment signs have shown balance the we the end XXXX. in anticipate markets Architectural initial of improvement, still select While soft
quarter, price to not Due a Third, expect late help North earlier, we have would price quarter since for American June timing second through expect call. our we drive additional These of our pricing our mid-August, should From we Architectural segments, taken first expect these benefit we segment, should in as to this remain see benefit to the perspective, we year. our to the growth discussed full but realize with actions from a increases, AUP actions just the Europe quarter. the two and existing pressures. as implemented segments coupled mentioned, I with backlog environment the rest of significant fourth progress and cost earnings in the in increases, during increases acceleration of In additional to the pricing along inflationary both third increases mitigate price challenging the Residential benefit across half.
exceed inflation We expectations. continue have seen to our
we material X% call, for inflation expected the full last reach our could of year. As
the now our we Given before third with the through that will cost year employees. low our in moderating, we our remain inflation expect we be this in material material quarter, further increases teens coupled anticipate earlier in customers. expected second will and hire that increases our full year-on-year benefit employees. market, strengthen labor elevated shipped availability averaging headwind to outbound freight. we experienced wage the shipping over remain Yet, plants improve constraint. quarter have this wage outlook an ability North Distribution are are inbound Howard In to for incentives America, costs will but and X% qualified Due headwind of we tariffs labor year see seen retain impacts inflation the also to inflation. hourly the inclusive tight and our seeing higher we The the and employment logistics across as present to benefit the additional also costs noted between
provide mix also across freight could service levels flex We as somewhat manufacturing current expect remain environment. our continue best the we suboptimized our that to production the to chain of in lanes supply network possible
this and hard allow Our to full difficult we have headwinds that actions Further, environment. price the we offset year. through incremental remain logistics are and teams working the taken cost material supply chain confident chain incredibly under for fully the will job and supply us an manufacturing manage doing to circumstances outstanding
consolidated the continued to provide the foreign we updated from reflects XX% dollar and and in factors pound. outlook outlook consolidated XX% benefit expect full to slight X% Canadian from for Slide prior year updated growth as pricing strengthening net of these our on XX% our backdrop, year-on-year to a incremental the the strength of further primarily X.X% Based XX, on outlook sales With to increase of now residential demand This XXXX. compared exchange a we due actions, British to XX%. of
with outlined, range just of million, from I to our outlook. fully prior adjusted we when anticipate challenging realizing $XXX coupled unchanged $XXX remain benefits of in expect our actions, million the price Given additional the to the we environment cost EBITDA
we time. With margin the adjusted of full anticipate until compression additional benefit the quarter, pricing until that expected EBITDA fourth not
margin to for However, and the the quarter expansion we full expect adjusted EBITDA fourth in return year. do to
per and well. earnings expectations as share cash tax remain adjusted unchanged Our
share $X to and be capital $XXX per will We earnings full will XXXX the $XX million now believe $X.XX expect be to We taxes for million the in XXXX be adjusted the range range in million. year will to cash free increased flow $XXX million net and reflect and reduced year We outlook $XXX on working support expenditures. full material of to to million our slightly the cash investments the growth. balances costs higher higher from now sales of $XX expect in of prior our expenditures $XX of capital to million capital and impact
turn for the to call comments. I'll Now back Howard some closing
