five a with compared John. quarter slide the prior of start on to our results second summary Thanks, I'll year.
the a Year-over-year UBS John mentioned, in record second company and were quarter offset by decline in increases As in partially CSS delivered sales. businesses certain EES our markets. sales
the from flat. market a year, results. contribution mostly quarter prior single-digit cross-sell On the by modest as in a flat were in decline sales over X% that year-over-year offset was volume fully strong price an driven our low volumes organic represent basis, volume was The up by
During negative product impacts normalization experienced supply the from some we chain of and lead times. quarter, the rebalancing
customers impact. purchases As of lead the times pandemic, to the at extended start increased the offset
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for XX.X% adjusting the during unit stable year-over-year Gross impact mix after quarter. margin the of of was business
growth. And, the to enterprise-wide the on margin execution as improvement protect continued top of we leader, we've continue with program. line prioritize to margin We gross profitable intend industry made progress our
the reduction with addressed in of flat driver was through EBITDA SG&A Higher costs, our have margins the EBITDA year. was year-over-year. which actions prior primary Adjusted cost-reduction the been
year the exchange for share diluted Adjusted foreign Rahi XX% rate was the count. prior contribution from tax the by a higher offset expense, higher below interest EPS and quarter rates, $X.XX, as was higher effective
line demand driven the past market CSS are by in the end with July quarter, sequentially sales partially of in third the by what preliminary were a and trends in in decline growth construction and seasonality start EES, UBS, we experienced with we two years. consistent offset the X% up As quarter. second OEM, with
This adjusted Turning slide six. to page and the in sales changes bridges year-over-year EBITDA.
including ago, sales a moment were X% roughly a mentioned organic I benefit price, versus X% while prior from the As year, flat. volumes increased
declined Market offset were cross-sell gains. and volumes higher by incremental
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higher EBITDA year costs sales offset Adjusted compensation IT was and the volume-related benefit our was as prior higher versus of by higher and costs transformation. associated and flat the digital with
actions steps address annualized that half series through $XX costs actions million will in year. of taken taken to benefit already higher will cost the savings. second of generate a the have We June of the These
the initiated Turning prior first like-for-like two intersegment or factors. that our of the were business EES reduction to sales the The year in Organic the year-over-year seven. slide versus in we X% transfers by business combination down the of excluding down sales primarily in impact driven quarter. was X% X%
and down lower sales. as with wire well mid-single to construction flow contractor sales due as rebalancing, lower supply First, was cable and stock digits customers to chain leading
in in manufacturing OEM continued experienced Second, we structures operating weakness our group.
by bookings Our up beyond up and mega general than strong North in of in More third driven beginning we low projects a win by now the X% prior backlog industrial supports the up of Backlog XXXX driven and continued mining sales to as and with unprecedented line for levels America. single-digits markets. sequentially, top are industrial, associated were year, investments was growth petrochemical in over growth infrastructure metals projects. larger large X%
lower In The was EBITDA down prior approximately level year. the X.X%, basis by second and was lower Adjusted EES margin reduced quarter, driven adjusted SG&A. XXX points XX% the in sales from profitability was higher the year-over-year. EBITDA
year, with expect reductions higher the the of modestly by margins improve quarter. in operating SG&A EBITDA second leverage initiated in to EES half the seasonally adjusted along sales, We on the second driven
slide of awarded provides by a This quarter one the that facility. wins. to and construction of project power Turning the vehicle up wins. driven to in multiyear million of example scope project new a mega page was $XXX We were manufacturing I scale, mentioned those EES eight. the support of an electric backlog larger contract
The initial award was specifically focused on switchgear.
in supplying. half and scheduled scope both that of our and However, increase year. the the initiatives, program due solutions we win this the reshoring. we and project total is are of solutions cross-sell This were to success to our electrification example secular of trends an Shipments of substantially offering are of second to begin and able products excellent cross-sell the
saw center customers, substantial center legacy on in were up satellite business XG, in Sales supply center versus record data business. digits. hyperscale service growth Rahi XX% applications. Organic by providers and data reported to a We nine. low sales infrastructure, driven by fiber growth basis. our Sales prior the our slide Turning driven to network saw connectivity X%. who data quarterly in good a year were to cloud and We double-digits, mid-single and CSS up growth up both and were Internet down
higher EBITDA record than were installations and also strong Security QX Profitability execution improvement margin was up synergies our operating by successful visual of double-digits, audio initiatives. leverage, single-digits high sales. international the prior sales X.X%, EBITDA with year, XX by and continued integration strong of the up and driven adjusted cost basis professional were also margin driven adjusted
XX. the The center remain ongoing opportunities global trends and growth provide dynamic of management. quarter. page We in healthy data cloud increased data consumption, accelerating to long-term for adoption to noted business data exciting in and and strong for customers CSS storage demand center due Turning the data the demand as
tech-enabled solutions data is our our scope center increased chain and customers service paramount. footprint, complexity, scale, best the ability supply them their As as to provider
data approximately Rahi, outlook product the XXXX double-digit support a supporting the by new clock half solutions end-to-end represent service rapidly The expanding team, and focused to business the the data our WESCO global to end upgrades enables sales an and provide our of basis. inclusive and in offering and revenue complete of reach AI-driven in solutions sales more business of the center us and of on growth we including and new customers billion $X with by network environments, is approximately strong around combined for This beyond. world. all and solutions around year, on expertise build track this infrastructure With
business XX. Record UBS slide growth low were sales organic broad-based the an experienced and integrated the mid-teens basis in to prior up We up prior quarter. our Turning utility, versus up versus the double-digits XX% in supply on in year. year
sales growth and customers low destocking through certain to of chain in infrastructure now year. through Broadband work and continue government and resume as We rebalancing the continue work broadband XXXX to sales funds until second were double-digits allocated. to supply down restocking inventory half the in expect are customers this as delay inventory
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to Turning XX. page
the secular our hardening As power capacity business, are some most in investments of before, any utility growth for grid today. driving secular reality and of significant the renewable that the has and Three in a Utility said of are sources businesses. modernization, trends increased the business grid we have our of need strongest trends
our Day of Investor we grid last trends. the seeing are acceleration at fall, mentioned we As modernization
sustain trends reliability. over of current next grid investments of up The government continue renewable the expect provide US years business years rates $X we funding to over That, to industry the double to many opportunities growth investments growth our will these to historical come. XX merely in the combined for utility will generation direct with level will for trillion long-term. electric Collectively, Utility require for outstanding that
to of expectations. exceed The continues XX. size our page to cross-sell the opportunity moving Now
and XX quarters quarter, of revenue, recognized we the since acquiring of Anixter, highest $XXX bringing $X.XX the than to since billion more the the program. cumulative total cross-sell million This the in beginning
pipeline healthy remains Our and the quarter. of opportunities again expanded in sales
and services as We legacy are capitalizing the customers. products well on minimal overlap and Anixter portfolio the of WESCO as legacy between complementary
the total months XXXX, value program reflecting the backdrop the at expected six we against strength look the trends. we cumulative are billion, of accelerating of secular our As in increasing to $X our of proposition remaining
track million is XX. to remain of realized meet a Turning in to in shown rate slide slide synergies XXXX. We on XXXX. throughout with and million target of that $XXX the cumulative of we've This XXXX the the $XXX our run $XXX million cost integration end by expected
drive year field is of Our operations the and chain network optimization synergies. balance through to on supply focus the cost
page free free said draw second to year-to-date cash was management, flow of are in in to the and driver we XX. expected our which cash We basis. or second net of half of cash quarter, of million. after Turning a we income year. through million cash flow source of the inventory, adjusted neutral capital the quarter be Recall approximately in and that a on first working represented quarter the now generate significant generated $XXX specifically positive primary XXX% lower The the $XXX first
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we our the year. to We X in second the X.X EBITDA, trailing times indicated to to range of and reach XX-month expect times operate previously midpoint targeted with the of intent half of our the leverage midpoint at
of Given priorities down reduction. continue debt are current capital to will we close rate ratio, on target and allocation to funding buybacks paying Based interest second that our share environment, look the share opportunistically be while the between leverage balanced in more we economic debt our and repurchases XXXX. half will
of to trends customer company that the growth solutions side directly with the global position to drive slide shows we uniquely the in end-to-end Now our shown strong moving growth are the this years This ahead. profitability and page. our The XX. on page to provide left six of aligned secular base
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of grow Day and year, Investor growth combined we As to share. increasing we our expect secular outlined due to the last above benefit at market X% to X% the trend
page to XX. Moving
of updating are half based the We current first our the results outlook XXXX year on conditions. and today of the market
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growth driver gains X%. differences, impact organic to performance Our provide one share we reported of and cross-sell initiatives revenue remain of our workday powerful in of exchange sales points of in in impact rate and Rahi, the of less growth. factoring one a and X% additional XXXX be the estimate from two another After our range will to the will the foreign
to be For our versus strategic mid-single-digit EES now reported for growth. business expect sales expectation year-over-year, prior our approximately units, we flat
largely destocking in our the portion experienced the sectors, we earlier, structures. supply of weakness in have unprecedented construction customer EES with the and manufactured industry, headwinds that markets chain of select rebalancing certain along including and in we stock drove flow noted result commercial As electrical that were
low versus for to Our unchanged mid-teens our year-over-year double-digits. from remains high for line sales expected of with be low prior to expect outlook expectation now top outlook, double-digit we to single single our reported CSS, to up be high And UBS lastly, up prior growth.
X%, margin the top For primarily decline represents outlook experienced within and a approximately for of reflects of our midpoint. a This the adjusted X.X% line headwinds XX EES. at margin, basis SG&A EBITDA points range is to which
volume the second basis we be rebates. Gross Sequentially, gross $XX assumptions, total June, an year points. have company the XX half current in year-over-year of annualized address half supplier supplier half first to will on of as stable headwinds rebates approximately which notable volume of stable headwind in overcome the a the in expect million. of Based costs was related benefit to second will XXXX we actions took year-over-year. margin in We margin
and With this flow share the EBITDA, adjusted the cash are $XXX cash of $XXX we to per the also ranges. expectations their a for free year, $XX remainder million record to the and free reflects our between diluted midpoint flow the outlook lower still earnings $XX lower forecast, million. reducing EPS EBITDA adjusted Despite outlook for of respective adjusted record at record and
for end In timing range presentation, the by to rates underlying the this expense in income of driven $XXX for year items interest $XXX debt revised $XXX a assumptions from of the variable paydown We $XXX of on a appendix to of we primarily the shown expectation have and XXXX. low of for our to higher million increased million, certain million, the million statement. range our
Additionally, be to $XX to million $XX approximately we now full $XX $XX expect other previously. versus million expense for million year million to the
the Regarding reported be year, down quarterly the in line experienced the in the in QX the half quarterly with July. low XXXX in of This back cadence trends we expect and single-digits we revenue cadence is sequentially. to
In is Similar low versus are quarter. to versus third increase workday two a the revenue the sequential expecting in addition, single-digit one in in the we there fourth less QX. QX years, last quarter
this took which execution we of our the the most questions, within in impact in weakness call expectations both EES. our opening we sales record increasing morning. supply again We Overall cross-sell groups share more outlook sales are below our a rebalancing delivered of program, covered of operating in market me and quarter. XXXX. the for We than provide brief were sales chain CSS synergies and again our second summary through select cross-sell for offset and Before UBS, let in what
of quarter and XXXX since lowest We $XXX acquiring reduced our this range. our the we flow, in strong leverage bringing million year-to-date to in Anixter approaching delivered our total of we cash positive. level are Free quarter the midpoint the was target as flow cash to particularly approximately
enabling We expect strategic the our objectives generate increasing shareholder half cash continued in investment significant and second the year, in to flow of returns.
We transformational initiatives. innovatives, be year continue sales substantial continued our to expect a supporting value cash creation growth and our execution digital strong will XXXX with of generation
With that we'll to open questions. call your the
