on and start comparison I'll EBIT declined everyone. results slightly morning, review good our revenue increased the and where with with slide sequential quarter our And a adjusted I'll second four Mark. corporate XX%. begin of Thanks,
continued The in increase across in and growth earnings the management was driven by cost a and volume strong company. Materials Advanced sequential mix
basis, the segments margin with increased corporate EBIT in intermediates. basis XXX points chemical a except On sequentially, all increasing
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and lower And benefit through we will around prices inventory. to costs levels, a oil are flow expecting which half current related second remain to raw materials be the as those
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and combination EBIT mix increase EBIT sequentially basis Adjusted the of XXX And plus factors improved the beginning from points XX% as fixed and is by increased two-thirds leverage. a management. sequentially, lower these and remainder given flow improved cost volume paraxylene impproved margin increased cost spreads driven the roughly of with through cost to
volume the the Turning due lower dollar. and declined revenue year-over-year comparison, to sales to stronger
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two-thirds in tires one-third chemicals declines markets. The Volume mix more care coatings discretionary was architectural some in adhesives unit growth volume and decline volume and and and consumer about than and mix. was offset by
have the US/China dispute. global due Europe the issues, and China to by particular, caused particularly anxiety In slowed trade
the time, At quarter. destocking fourth the the that through in same quarter began we believe second continued
mostly destocking of behind we forward, us, should believe in second volume so be improve should that As look XXXX. we half
the OEM sales high-value in markets honestly was which to comp. lower tough to cellulosic due auto primarily into Europe the unfavorable, of additives compared China and quite prior-year, a was Mix
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business And the the increased in of nutrition competitive second China animal quarter. impact fever in swine the in rivalry
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Looking behind believe year the us. to forward, increase the in we half slightly we economic to volume EBIT first our as half versus the given destocking the higher assumptions, due is mostly of second expect
move declines I'll increased activity. due lower resulting Intermediates. slide products On decreased Chemical revenue prices selling Year-over-year and and seven, acetyls from competitive to price material for olefins to primarily raw
in volume out, trade starting competitive Asia, are the rivalry. to continues of place drag causing As and getting outside are try aggressive to China increasingly competitors to particularly additional dispute in Europe,
revenue lower impacted markets due sales functional America. sales to weakened wet by addition, was North attributed volume agricultural in product to weather in needs In in end demand part
lower XXXX management. not the These costs. recurring were quarter second slightly included lower disruptions supplier in in of continued the costs as lower quarter lower decreased costs planned maintenance and offset this mostly EBIT the year, by cost spreads operational
quarter in we're run projecting improvement the we levels the consistent demand the year, we carry the to back year. glycols of Looking to the our stabilizing of not second are acetyls underlying rate spreads and back guidance, corporate in in at expect half. with this seeing remainder into And an half and
second higher the us led that in lower to the in stabilized, expect coupled but The first, be scheduled the will compared second than the half year shutdowns lower half to spreads, of EBIT first with the half.
the or XX%. flat, segment sales Fibers. $X Starting revenue while on sequential million Finishing up with comparison, reviews EBIT slide was with eight adjusted the increased
points I'd management XXX tow was sequentially cost margin The basis the And that sequential higher increase due XX%. EBIT add slightly sales. to primarily and increased to
market demand lower to decreased resulting acetate market global and trade-related tow revenue weakened sales general volume sales from Year-over-year, to due decline. attributed primarily pressures
In year multinational patterns. high trade addition, was half the demand issues of first due the customers' in buying to unusually in and XXXX
partially continued tow management. offset and decreased to material EBIT cost lower volume, due acetate raw sales costs lower by
the for to year, reasons. into the move half the half expect we improvement As few first earnings second of compared a we
First, a the with progress And at to of demand for tow the remainder CNTC. year. as our expect we we Korean make facility qualifying result, improved Chinese continue
uncertainty was improving see Second, macro textiles the end greater in in our general benefit traditional market in market We XX% will due from to destocking applications. first that growth innovation the some in overall and is the the than dynamic continue textile resulting of to signs soft half half initiatives. the second for
continue in And aggressively to costs business. finally, we manage this
promised altogether, half, it be XXXX. Fibers $XXX year in improvement to $XXX range the for full to of expect million the the we million second adjusted EBIT in including Putting [ph]
I'll nine, highlights. financial Finally, some on cover slide
just all, $XXX First for the Thank be Fibers you. range. me correct EBIT million the $XXX to will million let of
our flow cover cash highlights. XXXX. some I'll in to approaching expect financial to free of generate slide free Finally, $X.X flow conversion continue We record and nine, plan track on billion solid cash
aggressive confident free Despite capital in remain including net to we lower solid generate projected through levers, a working management. our flow income, of variety ability cash
returning to XXXX. of stockholders have Consistent with including our remained $XXX capital allocation six deployment, in our disciplined months of first in we million cash, the
mentioned Mark value the first that the to continue two from our forward here about quarter July, in recent and excited in and look opportunities. first We're value-creating creation last the to acquisitions, bolt-on one
with million delever million Consistent expectations, the to investment needed grade to likely previous we'll this range as $XXX $XXX our credit rating, year. in solid keep
the run be corporate consistent the rate For in around half, other, the to with $XX million. year we full first expect
XX% continue between And projected tax to finally, and full-year expect be XX%. rate we to our
I'll And turn with to that, Mark. it back
