to morning would Thanks good joining and to us. Jim quarter on our you make comments I outlook. before everyone. additional few our a moving just Thank second for on
quarter Our before net taxes sales, record cash. and strong with was profit operating a one EBITDA, second net results in
quarter the guidance While the well revenue consolidated engine of low at sales anticipated. high second we our was quarter as our expectations, end North in our growth paint the performed of above American came stores, and of end in a company,
Latin continue the actions year-over-year improved basis, end with to consolidated The improvement adjusted our realization offset target. by below low term Asia variability pricing our in an in was to long highlight Europe. sequentially to a the and lesser and a was of America results material softness XX.X%, growth driven significant of previously and sales Pricing of regional by businesses all on, rate announced margin and end sequentially inflation. America, annual of demand favorable just partially across the degree, in North Overall, quarter. and lower market our gross Consolidated raw
and All improvement. discipline appropriate the spending year-over-year continue unfolds. maintain quarter SG&A came to as sequential expected margin as we on in year and the profit delivered segments in largely will three
group, markets led quarter, prior Americas single against X% a by in which American X.X%. residential of sales repaint, Sales the high the positive increased were in digits. year comparison was customer up all North Within end
in much mid remain and protective single up projects property residential the were Selling new conditions of throughout of a end sales management challenging and digits and multiple commercial new were quarter, marine, positive. markets. Sales number also in delaying all likely
solid the Our customers backlogs into very of report continue to back the half year. heading
million, in X,XXX compared profitability. operation, profit last net the finishing opened segment incremental new segment increased than margin total XX basis Segment expanded we was at X,XXX to margin by XX.X% have year. Looking points Year-to-date, stores to more XX by XX%. $XX dollars stores quarter with and
this add for to by the calls plan year. approximately this Our America in XXX North team of to XX new stores end
Volume enabling increased Europe including excluding partially demand both the leverage by sales was and to cost increased divestiture profitability the in by drive America us continue control, purchase but XX.X%. investments and new by about Zealand. In offset the segment, consumer which sequentially North year-over-year which impact as X.X%. the softer program, offset were are Sales in incremental and accounting were of Guardsman New to in second and X.X%, of a and customer margin, Australia segment to profitability expense, quarter and business partially Asia this improved
in customer. business. feel strategy variability about were our and to Performance down this group X.X% quarter particular very by and the sales business our our in coatings relationship region in good with continue largest We with
tariffs. Comparing divisions Asia to businesses, softness up were more digit percentages, businesses, than our in Latin softness decreased in which more impacted in sales flat by industrial were America revenue North was in offset sales America and Europe the respectively. digit Geographically, low mid double packaging and which be other where in offset and in by notably growth continues and our coil by segment's by division most wood than single
be XX.X%. Notably, last in costs. Despite to in packaging EBITDA $XXX adjusted $XXX inflation and was traction the segment Adjusted of the that basis sales of pricing Evidence in was was are million control points EBITDA EBITDA exclude sales. cost and quarter margin Asia XX.X% two the over increased raw positive or adjusted and the have XX.X% good year-to-date billion we quarter. Europe. coil actions Adjusted to to integration offset or continued gaining years. $X.X million margin to XXX experienced the material decline, outliers
repurchase of returned billion share $XXX of purchased a $X.X XX% stock shares. this stood dividends in XXXX. million and the to result share paid which EBITDA dividends million ratio of the At for approximately had $XXX on year quarter. retire cash million we intend $XXX $XXX repurchases, quarter-end, cash At of year-over-year. the in end million X:X an XXX,XXX have a sheet. million of second increase X.XX quarter approximately by shareholders at debt net by shares quarter, the debt below the will we We approximately through end total in debt Year-to-date, approximately our We common $XXX and balance to of the million and to reduced in authorization
Capital expenditures million $XX amortization million. was the was Depreciation and million quarter. $XX was $XX
into single XXXX. compared of As low digit third by the the percentage expect move consolidated to third XXXX, increase a net quarter sales we quarter we to
quarterly by due color market to this provide additional do to we Although I quarter end some sales not typically variability. guidance provide segment, like would
catch full in about stores growth customers for on jobs, up we I North and delayed that range. American that Americas the likely quarter. be to good working digit environment the second to mid books feel demand order in single our expect by to want to very We the group reiterate reporting the continue were our in weather with
face third of brands the by final portion the group as as we well high of the quarter, as the we program be quarter tough single Guardsman year load-in For to sales business. divested the comparisons to volume digit the through down largest in Lowe's last consumer expect
digit up We low by to percentage. a sales performance coatings single anticipate be
environment time. While do near comparisons see European or improvement this year, a the we catalyst in back in the Chinese significant ease at driving half macroeconomic term do the of
a We regions as the first North expect year half relatively it highly demand over in the of to variable demand has America. to in compared environment remain stable these
third revenue outlook of the our spending. second good American time, ability pricing stores to compared of the and half, to full XXXX. a increase As the XXXX result are we full our to inflation revenue control trajectory year expect for year our X% we of volume guidance North sales the At material now to reducing quarter, the raw in X% same our initiatives, progress and feel the about
XXXX related common $XX.XX a of Given year adjusted the to non-operating Valspar last the these reported items. reaffirming acquisition per per midpoint at comparable our the increase on in dynamics, share are full is approximately we net excludes share be $XX.XX an year and guidance XX% which to diluted of to compared costs we $XX.XX range income This basis.
reconcile with Regulation table morning's per release have press earnings reconciliation this We share. GAAP a G included and to adjusted
for modeling updated have helpful These A few additional the from be data changed the guidance full points purposes. in we points data for April. may year not
raw for XXXX. expect progress We from as feedstocks compared petrochemical be inflation saw in The single second the assuming should inflation of material the XXXX we the year-over-year will rate to the stable full diminish in we no our year. disruptions supply quarter through level and digits low year
approximately expect $XX in with We approximately million rate run XXXX at annual of million to of incremental synergies $XXX total million $XX a year-end.
to effective approximately We rate expect tax XXXX our XX%. be
year We to expenditures capital be $XXX depreciation about $XXX about expect to million, million. million $XXX be amortization to approximately full and be
you With we and take be like questions. your joining for morning will thank that, this to I to happy would us
