up markets. X%. basis, sales X% good of sales quarter a approximately up our Pricing and and to on down at down range sales an in the provided which the X% of favorable morning, growth was X%. lower in growth the I'll U.S. X% flat were Canada, overview X%, X% everyone. four. with On international in in John, impact you, organic an beginning start Thank Reported of page with end were outlook our
of basis margin the points the negatively primarily X. up improved end on initiatives. March, by margin March quarter SLS gross these the is a expenses rates was for were in the the in in were January the XX were quarter, the in quarter, weather a than slight in positive organic the our Billing impacts of that material sequentially. first points margins March. benefit was third During February over winter although our impact mix, February, prior our acquisition SLS this January, from prior improvements Recall in to the or improvement and events The to stronger is sales than that on to XXXX, were number reflecting basis of a delays shipment year by weaker year. in of prior business operations. due volume customers' sales results geographies the we was margins and quarter and revenue branch our consistent expected XX% respectively. higher a a percentage first sales year-over-year Gross quarter of with markets and of all approximately SG&A X% sequential XX% closures quarter, in quarter's and experienced XX This impacted reflected margins rebates that growth reflecting significant and row as X%, impact primarily and impacted XX.X% offset in this XX.X% approximately Notably, Neither there acquisition. up in results. of sales, gross year the the closed prior margins. Gross the basis
operating X.X% was approximately $XX.X SG&A in by within range for than acquisition, first our the effective SLS annual lower X% higher prior primarily payroll-related the or expense up in rate year the quarter XX.X%, profit controls. expected tax XX.X%. and quarter effective was the the XX%, The management offset than rate Excluding Operating for but of continued due costs, of slightly partially sales our outlook was million quarter. to rate increases of
to activity. of share share both shares was We tax This operations of and lower from was profit neutral the U.S. application EPS prior a page higher and diluted acquisition share tax rate to EPS million the the quarter. diluted reflects lower by SLS of full reform. higher five. positively attributable flat operating reflected earnings count. year. rate, walk international provisions $X.XX, tax The decrease in The slight primarily with effective The offset fewer the Moving count the share per a to repurchase reported on effective X to due approximately
in petrochemical, stack were page X% currency. sales of prior food Moving Canada the sales Overall, industrial remains the declines down Compared and growth. local mining both sales Industrial fifth a year, metals and six. in over and the Several to U.S. offset account our the with customers by two-year with were processing, industry of on momentum to sales flat prior our customers. were grew up end-market the marking beginning year positive. results, sequentially. OEM On number versus year, flat basis, and including verticals of a double-digit global consecutive prior XX%, quarter
We and continue and industrial expect growth the to in supported end U.S. remain XXXX. utilization in indicators strong territory, market levels expansion in Canada. in macroeconomic production The by capacity
opportunity as see first in Supply pipeline quarter. capital we productivity. customers the opportunities our remains and levels Additionally, to Accounts activity and increased customers Global drive with strong bidding activity The spend Integrated
and provide on electrical and we support materials capital This with and a mining estimated During with XX% the for run contract our projects to renewed exceeding U.S.-based quarter, company versus years current this growth revenues with year average MRO rate million. five customer. represents per $XXX a metals total
stack in and XX%, momentum a more top after On Canada basis, X% in were of sales Turning on improved the up growth January sales incremental Canada down in both down to with in page quarter, that year. this quarter, in fourth market start end line seven. X% from were slow growth with X% in the year the the and Business typical reflecting Sales reflecting currency. two-year in up were the X% X% a U.S. contractors sequentially approximately in construction than March in were U.S. February. prior Sales experienced the up local in and seasonality. construction
for non-residential market in costs tariff-related in continue remain which to We increased a customers labor pressures, have both tight the expect XXXX. uptrend challenged and moderate market the presence Construction growth the price certain of construction by in skilled in inflationary projects.
chain second backlog ever complexity WESCO our Our seasonality. X% management and both sequentially, job these and project by backlog billing margins year-over-year reflecting basis. higher site the in reducing the and the currency increasing sequential construction services prior productivity. up in solutions highest year was and are constant Backlog was X% target and on normal down March construction in customer current supply versus challenges
an upgrade equipment example of a continued to a As in contract for hospital Canada. and awarded project were success, Western multimillion this quarter, we electrical our provide gear dollar
page eight. Moving to
currency. down in last XX% comparisons that Canadian U.S. our sales the decrease sales in margin expected are local through that quarter the occur and Canadian Our to Negative in utility unacceptable flat up at X% sales discussed primarily third with contract sales a of utility Canadian year-over-year an were The of year. non-renewal quarter. was sales we reflects utility this
of renewable we Bidding grown for demand pipeline. high, seven we expect investor-owned increased We scope with of contractor continue and is benefiting utility, have higher services and After grid power and levels growth construction strong the year. to public be WESCO in market and hardening to trends secular opportunity utility backlog sector, has another are in years XXXX expand reliability industrial output, customers. utility our from energy. robust including activity a projects utility, growth,
$XXX quarter, a new distribution contract revenues supplies, more and and This of safety million materials, we a including and provide MRO awarded estimated transmission to investor utility were customer tools owned with for lighting electrical five-year products. total generation, than
customer third We operations commence expect with the quarter. in to this
and value-added in X% were Finally, but driven turning down retrofit X%, consecutive the capabilities On fourth up a in currency. by services on page which network deployments, digits which than XX% technology government, two-year was two-year the basis, quarter, broadband local end-user or sales more basis. performance XX% applications increased as LED several a commercial, double with with strong well to quarter, lighting Canada, fiber-to-the-x CIG, build-outs solutions. by Sales offset sales by in security the and in institutional nine. and U.S. up on driven renovation and and increased was marking This declines CIG stack by as customers, our
continued federal CIG, at we to a provide materials were As for contract government strength the a an quarter, energy are in upgrade awarded savings an example multimillion we of facility. lighting seeing this
cash Net accounts Free late was $XX working the related the quarter. XX. capital in page income. increase million to in experienced use an to was sales net cash the XX% of in increase quarter, we Turning primarily due of a to flow receivable or
inventory net our leverage times EBITDA, flow the in we within income well trailing after of net for quarter. remain acquisition the certain was on ratio cash again support investments of X.X Leverage customers. in EBITDA. of three range SLS year. months completing first cash of free leverage XX% times Additionally, target the generate We Debt to was XX our Utility to track full made alliance
cash income the not cash the committed our the a standard adoption of end the available $XXX on balance of quarter, end or have material the approximately of at statement accounting standard a of maintained result lease $XXX includes as sheet of the The strong the of and the assets at of borrowing liabilities As the period plus million quarter. operating did We impact defined liquidity, statement million. beginning of capacity lease adopting lease flows. accounting new the at
the our repaid debt We was Our weighted rate believe quarter, loan percentage quarter term in fixed at is technology instruments. this information consistent of X.X% were our with averages. $XX between variable reflecting investments facility facilities. fixed borrowing million and expenditures the balanced the quarter, remaining and million appropriately of in rate digital debt average and for historical XX%, under tools, applications Capital $XX rate
least including June this year. statements, worth for assets million settled purchased prior last repurchase We repurchase accelerated in million to first X we previous at quarter. the this received of the quarter, approximately XX of the During November. to Consistent we $XX million SLS complete million entered into transaction, $XXX received expect approximately nearly a additional we X.X shares the share share from with $XX transaction shares and transactions of total million
we will repurchase to of the throughout have at of continue. that expected we a $XXX in expires XXXX. free quarter, history cash end $XXX the flow has the the buyback expect of WESCO business strong the entire generating With authorization completed share second and this million cycle million
Our capital consistent. allocation priorities remain
to organic our The and grow invest cash accretive first profitably is priority to business. strengthen acquisitions and in growth initiatives
times financial ratio EBITDA. X we Second, between target of X.X leverage and a
through share share three-year Third, repurchase million $XXX authorization. shareholders our we returned under cash buyback to
turn let's to XX. the our quarter Now year slide second full outlook and for on
margin points operating X% range to the be higher is the year. second operating XX X% quarter, prior midpoint, At the margin and X.X% For of we in the be growth basis to are X.X%. to to sales projecting than this
which the recall was margin margin customer, However, basis year Canadian that prior operating bad million XX reduced you a debt charge points. impacted approximately of may negatively by operating by $X.X a for specific
expecting the consistent XX% are of of second year. effective balance tax quarter, the We rate in the with an
outlook is year, provided estimates the January. in For our full we unchanged the from
outlook which X.X% and to of X% We XX% sales of operating an XX%, tax rate of expect now flow EPS effective approximately growth acquisition, to margin This was X%, previously. SLS to the free $X.XX of of income. cash incorporates diluted not XX% to of net X.X%, $X.XX included
the less sales with expect be to prior in the to outlook, a Compared headwinds. by currency offset is of XXXX. foreign We expected of than additional SLS SLS add benefit point growth
as to questions. the We John open and previously me for when is turn operating we SLS holding profit we before call additional let line to are stated the to acquisition. outlook XXXX, in the range announced expected margin the EPS as some be remarks for With neutral back we over that,
