John, X good start morning, third I'll on Thanks, results. summary Slide a of quarter with our and everyone.
sales mostly organic mentioned, an the our increases in the single-digit year, cross-sell combination in the a flat.
Volumes program. the over and includes quarter the by by workday in offset segments. of represent a John in quarter EES quarter, modest market our driven were contribution third was record a adjustment up from delivered in less Year-over-year share As low sales CSS approximately price X% businesses volume fully up the a prior was year-over-year on basis, X% that in gain reported for company decline sales, were as On partially certain by basis. offset X which decline in UBS volume
the negative normalizing. backlog and backlog from into approximately XXXX June. of level, high to is X% X% down times, During in sequentially a the led the parts historically destocking the rest end of for certain lead our supporting to year-over-year which be year Project from impacts quarter, of business. outlook customer we at total, supplier our continues normalization experienced was down some the of In and but
a improved sequentially compared lower with of backlog second prior as chain the flat percentage categories.
Gross for due will was We sales was expect and have mix. the with quarter our of as the to most continue year-to-date moderate primarily product supply margin as down flat well as lead XX.X% with comparable in times quarter volume Gross XXXX. the rebates margin period year in supplier to
costs basis was executed costs by associated Adjusted down offset prior transformation. third and by sales, an the and, to with XX.X% the the leader, made the of EBITDA improvement quarters. execution profitable prior flat year with as margin the increased program.
Adjusted versus We of as compensation higher line cost sequentially, with and was continued margin continue intend enterprise-wide reduction volume-related digital and we've driven second in higher IT XX industry to prioritize points year slightly profit down the of gross on and and benefit initiatives SG&A our progress growth our we top gross protect was
basis.
Adjusted expected reduce took mentioned costs, address costs reduction we actions approximately we in $XX the diluted were as increases share rate EPS Collectively, to higher tax prior effective an annualized by actions steps for expense. to the cost offset took quarter, and count on Rahi, year As was additional interest June these a QX. and higher rates last and are million lower foreign by quarter flat we in with from $X.XX, the lower exchange
the double modest up we OEM. in low was trends per in UBS with offsetting from continue a for single remains We digits benefit growth start broadband the fourth business experienced above as utility down see digits construction end also offset supply. down in integrated X of digits, and to industrial and our by Notably, low growth X.X book-to-bill declines expectations. all units. workday with demand down moderated low reported our October, EES in Rahi. versus CSS down prior sales have we As was step-down X%. was market digits single preliminary in single demand including quarter,
Turning to Page year-over-year X, in adjusted this slide and sales bridges the changes EBITDA.
increased offset sales benefit versus moment As the from while share organic gains. roughly approximate I Market mentioned were and including flat. a declined an prior volumes by volumes year, X% ago, were price X%
been price contribution there increases XXXX and fewer of to from the these moderated magnitude supplier as quarter price in expected, the smaller. the again have been increases has As relative
the You our EBITDA. decline can drivers of reduction margins in by cost actions. QX improved see adjusted driven XX also sequentially, points adjusted EBITDA by in the note, basis quarter Of the
the digits prior year, X% was EBITDA to and investments a XXX the we project EBITDA year-over-year. North offset the sales adjusting over This single electrical Construction reduced the the business in of down indication sales. the fourth were SG&A higher quarter. sales and slide, X-year the year, volume levels of by contract of by OEM to single projects flat at year. quarter, SG&A wire business in benefit driven that over X. was for was MRO the major third large capital the win unprecedented basis points digits up to the in mix sales was margins declines with America.
In larger products continued of by previously in On awarded now Backlog in up activity large rebates, down driven from X.X%, the year, infrastructure prior beginning EES were Slide a driven EES prior X% sequential second and the were to quarter, sequentially high XX% Turning activity compared percentage intersegment by Adjusted EES strong, is Industrial bookings down electrical the quarter, improved reduction we associated large project strength the million lower and producer to are industry. this in automation. prior was of projects year-over-year. in $XXX high as a metal support adjusted States. with basis, XXXX. of strong by for from provide beginning in driven we've Organic electronic X% lower expect were supplier actions a flat and approximately the and like-for-like our the cable. growth, up in as sales transfers also The were impact highlighted United On an of improvement we margin project slightly taken. profitability
X. to Turning Slide
partially cabling prior business sales applications. growth and the in up sales organically. on versus digits and digits, X% providers, low a with in We audio/visual solid strong overall cloud were driven by were CSS gains center a along saw international business, single quarter network security structured while infrastructure up installations basis softness by were up destocking offset professional up driven reported by up sales low at sales. with data Third year double service and and These our in the were XX% digits, record double reported
as switchgear adjusted points CSS strong of lead integration normal higher in backlog to down year, As continues we pre-pandemic than prior sequentially. a and support quarter, Backlog win basis EBITDA contract portfolio of enabled and $XXX returned noted Profitability year, we in Latin demand earlier power execution to X.X%, the the down have margin secular was leverage, the well levels. synergies and data successful hyperscale America. In XX% to times initiatives. and to operating the XX% supplier power to the combined and improvement strong, driven by of wire continued margin million products year-on-year data cable, Global moderate capture center the exceptionally XX positioned to levels was supply also with construction WESCO data record center to in X-year and cost Anixter our remains growth. infrastructure, WESCO center and hyperscale are the a
Slide X. to Turning
high-voltage Third until continue Broadband through single energy as XXXX digits as pressured out. expected were our sales along basis. inventory the We prior in supply double versus was was year Profitability of stimulus high from to the to the adjusted to a EBITDA normalize historically supply higher the exceptionally an In a as government improvement we X-year of prior and remains to $XXX energy margin the in to down work low X% the chain to investments down destocking, awarded XXXX.
Backlog versus contract in funding construction and continues of timing was supply our quarter million basis integration an purchases sales, were the QX modernization margin initiatives digits synergies. again certain inventory X% up strong expect customers $XXX broadband sales approximately customers sequential and EBITDA continue but quarter, was in are prior as of on with utility electrification, by the pushed XX.X% as down were double proposition. delayed projects, sales, on half operating second equipment at million on driven work now projects renewable remain support and of year. green through and grid organic industry-leading X% high record Sales digits sales business utility-scale and value testament all-time continued. UBS were Integrated leverage up levels. year to up a was
The Page size Now moving opportunity to of continues our the to cross-sell XX. expectations. exceed
years since to recognized $X billion ago. beginning the the program we revenue, quarter, more million This of of the than $XXX cross-sell X cumulative bringing more than total
pipeline of opportunities Our sales remains healthy.
and We are overlap between products WESCO on minimal of legacy the complementary the as portfolio capitalize Anixter legacy customers. as services continuing to and well
billion, the XXXX, last strength we months trends. cross-sell the expected against look execution total secular at our of cumulative of value are accelerating program of backdrop the increasing and As proposition the X we reflecting $X.X to in our
synergies expected Turning of cumulative to or million of synergies by We $XXX target run of rate Slide track of XXXX to cumulative XX. $XXX remain the and million cost exceed our We realized cost on meet end through in million $XXX XXXX. XXXX.
Our focus to synergies. through drive the supply the and optimization field chain our of is on year operations cost the balance remaining network
Turning BXB half model. income, quarter, the the of and a first cash generation draw contributed generated to inventory, the in cash capital adjusted XXX% approximately to after In neutral quarter, third Working strength the we we receivable our Page distribution XX. of the the accounts lower first Recall the to of than or that free strong were million $XXX net quarter. in flow of cash more specifically management, highlighting year.
levels healing, X our historical are past in our and to service supply customers. inventory the balanced buyback. the global to to to a and our this chains free through focused With shareholders consistent we and We to our supply Over flow reducing us in chain in share manner on debt pandemic years, of returning cash invest to a required reduce inventory constraints the available quarter our generation. due used and strong cash saw return cash third
the Reducing acquisition transaction June level turns and net lowest XXXX. Anixter, now priority we since to Notable in XX. which approximately $XXX our reduction are by XX-month of our the the that Leverage now we is the its a pleased of EBITDA, leverage. of that driver XXXX. top leverage Moving since is has to trailing primary announced strong quarter reduce million, adjusted a been June Slide X.Xx this at enabled closing us leverage of since approximately X flow lower cash was debt of was
now to this midpoint delivering and shareholder are to additional XX-month range X commitment capital the below options to EBITDA, We returns. our allocation increase of of targeted trailing X.Xx enables us pursue on
quarter, outlook through additional Based quarter. for of in debt During pay generation our our the of cash we million purchased the down we shares. to balance share fund on continued fourth the $XX the and expect third year, flow repurchases
drive trends position Page Now customers The the we moving ahead. This our solutions in growth the shows global of aligned on of profitability this XX. and the to that end-to-end secular years slide provide strong uniquely our the left growth with company side shown to page. to are directly X
WESCO these well. increasing coupled sector, investments and sector partnerships private public the participation Our in infrastructure, in with with position exceptionally trends, broadband
secular market to last As the share. the to over we outlined increasing the we benefit at year, long our X% grow Day term, expect X% above due Investor to trends of and combined growth
XX. Page to Moving
XXXX today market year-to-date our updating current on are We outlook results conditions. based and
X%, market of our our as range be slightly X%. quarter now the approximately decline to up October. reflects year, the of a CSS EES, in by approximately in market conditions, UBS to be of in low at in start the expect month to we The gains We slow with are to down X% price volumes growth total offset driving X% and outlook to previous X%. of sales change a year-over-year moderating organic For the including expect end
of the rate of for workday approximately share from to our X%. X differences, XXXX the provide of foreign cross-sell reported performance a be in in additional X and points of gains Rahi, fiscal growth and factoring initiatives our XXXX the growth.
After X impact exchange will to estimate powerful we another expected Our less remain year sales organic impact and driver are revenue
now strategic For flat. down expect our to be our expectation for sales EES single units, business be prior reported year-over-year versus we low digits to growth
As business. in along our end headwinds in experienced customer markets we commercial destocking due OEM earlier, noted overall in to have certain we with EES and construction weakness
our extended expected our be of versus UBS, is year-over-year to line lastly, within Our outlook to our reported with and prior for single expectation top unchanged up digits customers with prior for double-digit mid-teens.
And balancing we affordability by high purchasing single CSS to up The expect high be now long-term remains an from at outlook, the utility growth. deferred inventory along who service reliability. near-term lower are cash of with period low expectation driven business, some of destocking broadband customer generation our sales
a broadband softness For and difficult the comparison in fourth due revenue quarter, to rates. flat continued UBS we to our be business in moderation utility growth relatively year-over-year, expect
reduced normal and with aligns our We limited the This more recovery business. with project times. adjusting align activity, to pattern UBS customers in expect lower lead current for patterns order year storm seasonal a
for For of outlook unchanged range adjusted EBITDA. prior is EBITDA representing and billion from to X.X%, a margin, still $X.X our approximately our of outlook X.X%
expect XX notable We rebates. to quarter full supplier Based related be as are overcome basis rebates a points. margin approximately of gross on fourth in expected stable the headwind the we year-over-year volume headwinds to current for year supplier assumptions, volume
earnings share driven year increasing for are full rate and by We our per tax $XX.XX to lower lower share outlook adjusted count. $XX.XX, a effective to
a range million, higher the $XXX for of low of expense paydown the to debt a by the end We presentation, record shown record million. we reflects continue appendix this between cash $XXX income EBITDA of million driven million certain XXXX. in million This to have underlying range and primarily still our assumptions $XXX expect our of million to increased cash and $XXX free interest flow.
In $XXX record timing $XXX for the and statement. year revised of sales, rates the expectation adjusted from flow items We to for outlook on variable
to full previously. versus $XX Additionally, $XX year for million expect $XX to now million the we approximately be million other expense
to line in line QX. is single is there note be cadence, compared digits low This to we and expect sequentially. with less that the Regarding QX down quarterly typical seasonality results workday X top
million provide earnings points. and increasing our opening to of sales year-to-date morning. operational approximately we the of multispeed EBITDA bringing margin summary free impact strong offset versus of acquiring of million in our in delivered We flow, covered $XXX and we in call and third EES.
Profitability Overall, our Free and and the CSS our this EBITDA range. a the with adjusted improved and in adjusted with $XXX with a what driving cash me of quarter, UBS, cash target let the Before outperformance this excellence quarter for initiatives expectations, in brief XX within million. Anixter quarter was quarter total quarter sales $XX to as destocking both internal were economy. sequentially third particularly record reduced in since now market the basis delivered we the We questions, chain the line supply lowest weakness which midpoint leverage below XXXX, level are select flow
generate call returns. expect strategic in our We continued to your to and increasing in the enabling flow significant fourth questions. With cash we'll investment that, objectives open the quarter, shareholder
