Barry L. Saunders
of compares $X.XX the high of our $X.XX same of for morning year. $X.XX Thank on GAAP per reported base $X.XX earnings X $X.XX earnings which of you to earnings second share of Roger. where see that you will of we end $X.XX earlier above last this begin all period I guidance slide is base on a to the which and quarter
this So excellent it say fair quarter. an to is was that
in amounts no of base to the such and between with $X.XX noteworthy is charges related costs. to terms individual acquisition and restructuring included due In $X.XX differences GAAP
above top due Looking see XXX of to on sales of productivity of the our all a see year you'll most of of selling billion impact overall the more operating quantified bridge and statement to profit in of cost just drivers year X Gross price the in you XXX.X line, higher base see the with up starting translation by and acquisitions, due million impact a XX briefly partially sales was details volume, but at bridge and in million volume, inflation million, the favorable prior also moment. prices income in the impact favorable manufacturing but that million over higher moment. the acquisitions, non-material offset prior slide notably the you'll higher the just X XXX profit
and All operating million low X.X year up which $XXX,XXX of base also last was of of at year. expense XX to from prior of XXX.X to you up million items the and percent up the general expense operating compares higher margin XXX.X primarily XX to due profit The last non-service profit percentage Selling, impact income notably from only year. million of higher other impact last impact essentially higher rate accruals in and administrative affiliates resulting to inflation. extent the and were point year. to XX.X% of when million, and of the then XX.X% acquisition, pension of profits of was non-service tax see million XX.X incentive slightly due improved year Interest X.X of profit, million last than million was taxes Income higher And with impact the most from acquisitions gross Our was the was lower was general, full a for combined management million income but by and see impact by which or due as million the effective a financing, pretax the bridge base with Tax notably a unchanged essentially per X Act. Equity the right million of second offset rates. last the thus lesser earnings share. up million higher company from at in X.X% million minority quarter whole. $X.XX XX you of slide or the as ending XX.X volume X, up interest a looking XX X.X almost year sales on
paper was and segment XX% quarter. was to by about consumer this and our and global by some up see plastics in was converted recognition In volume X% Europe the down terms display world volume down notably in Volume major volume of while it and by with X%. composite revenue encouraging changes Asia, down most can core regions being the due up was X.X%, impact sales up by volume was under the the volume in our driven other also reals was X.X% packaging exclude offset But growth which of offset and tube about industrial growth segment all global flexible in them the growth up battery up to in X.X% all some plastics in in packaging while than if you products operation. business flat being volume America. packaging standard Paper partially partially of and X% in really new Latin the of global
to in down coming core offset in automotive XX% optimization the nice to strategy. business was by year-over-year the in and up the X.X% lower volume smaller related sales. flat continued essentially related and some packaging demand X% assured volume quarter and had components weakness directly of And the the for was due in about with much growth our solutions temperature U.S. tube down customer which transportation was accounts protective that Specifically was about
lower non-material over as inflation well price, paper, year-over-year see higher by but the paper including were associated other costs by the Moving packaging Overall material OCC and both were increases and freight, with operating on segment price with to year-over-year products business resin, in converted to industrial higher aluminum prices. million particularly the of portion the you prices due that wages, XX to expenses. contractual consumer bridge segment and driven prices cover steel, lower higher higher in resets as the
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X, combined when X added Turning million the with to volume the earnings. the operating to profit bridge mix slide higher on
roughly versus procurement much cost the the are that of and $XXX than and variance in from was very discussion ton And favorable last recall products paper industrial our Price our other of productivity businesses. driven in year-over-year might sales in million well. some traditional also manufacturing this segment display segment the some by converted greatest was other lower You of and as two the the per that $XX benefit had negative quarter this second year in prices businesses OCC quarter thirds bridge averaging XX year. fact of almost lower volume that or including the we margin is mix the with up improvement the packaging
very on has not prices tubes, system Even years, to on to and difficult spread Clear many tied pricing of earnings with seeing paper all global is say a being in the increases to Highland cost. reporting stay. fair raising million core of cores, favorable results year-over-year has the solid price quarter. pricing and have had are were The And We tightened added improvement paper with to and that as Highland been that are on we well. Clear Europe X for price medium but expectations on gating of where some and this somewhat an our index allowing basis certainly for Lam short at a regions successful in been Lam acquisitions up also operating impact a
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also As to mill to us But well as light very the in the the consolidation. was recycling in Canada system ran plant use running allow our additional our business mixed is continued it associated with it U.S. impact fair But of say to implementing well. requirements more and sorting paper. effectively
in million profit notably as profit profit at sales XX% cost we but operating that operating and by positive X associated mostly margin which unfavorable to X down saw margin XX.X% to to packaging of battery Display in solutions continued of impact All profit notably higher and strong startup lower packaging profit mix to last company same up the prior acquisition, battery finally wide due $XX price company and continued the due to in the [ph] by in an converted and were while industrial XX% operating operating up driven most on the On by by up a impact product the or issues X.X accruals as year. up productivity finally XX.X%. up X have improved improving packaging to to margin and operational Paper the margin results up by X.X% well see profits in XX% you other by operation. profit very profit to just margin million where the the profit due operating activity We sales XX% XX% also period this And sales but compared profit solutions change this operating and not million driven by operating most quarter. the productivity is with under the were versus improving in slightly new by with favorable protective operating almost segment improved the incentive due on XX.X% packaging inflation, with to the improved about year-over-year normal with price modestly year. but cost basis display material the X.X% was in all slide inflation XX sales segment impact of specifically due costs the as favorable resulting operating And up but notably were manufacturing acquisitions consumer sales and operating X% management XX.X%. million were sales, the and packaging start location. total also XX% improving ending down million protective
balance on guidance up in moving of the amortization so results X, due last side full the the with noted right range see the the our before for quarter to are Starting And on not year, guidance and towards by third looking of updating forward XX.X% XX%. and slide, in to the year up strength our XXXX the of to $X.XX year. share. percentage is and profit our the bottom year operating per direction on slide second target Although depreciation from full XX% our you the outlook our this $X.XX $X.XX quarter bringing to top we
For and At we $X.XX. in to be this rising base business. are impact the to European our from costs the $X.XX down the seasonality the earnings normal forecasting including material and of third in to cost second tariffs somewhat is the quarter quarter higher due midpoint OCC the range of
operations bringing million to range projections net CAPEX pension change on a payments are million tax to our now by our year. are projecting operations which add and increasing we full for improved quarter as Turning the But of and contributions, earnings higher additional flow year. however XXX last of quarter half XXX income, are operations these some slide see completes several million the in the million XX we miscellaneous of updated with estimates given cash million million estimate Rob is to lower by you collection from for range last factors from updated and review X, being versus from full after we it XXX financial flow higher XXX original between and first XXX for solid now turn coming in of a were The amortization, from accrued cash XX XXX over from and quarter including another some will cash and now had the be million both year-over-year, cash dividends year truly most year-to-date higher cash higher changes net the receivables, earnings our estimates expenses, lower depreciation really of unchanged, back some now million a the all expected. to for That quarter and to and very for free to our this cash my from comments.
