across U.S. retail the a of by margin of of repair delivered were organic channel The Tools of $XX quarter a of XXXX commercial our deeper inflation & in business single-digit basis, second point up in generated of North double-digit each pricing, productivity currency. rate operating company morning quarter. majority the the currency was Jim point our were X our and you, highlighted now vast single-digit & currency. markets X posted Tools high Jim and good leverage organically growth. by Storage across as growth with effects and Thank has the mid commodity second The offset results of Storage industrial and as America contributed growth. XX% $XX increases impressive business. than geographic was XX% SBU. growth initial and growth all in And control markets strong quarter revenue an gains cost that growth, XX% and Storage The versus channels. experienced organic absorbed growth, and million The of the region will second and Tools low price take & the everyone. and benefits inflation auto share generated was On experienced commodity I more with related dive U.S. segment into XX.X% growth the volume XX.X% organic earlier, million
while America’s Additionally, that and Canada the with in recovery a continued strong providing just maintaining the UK, Day backdrop of Central from and delivered performance growth deliver leverage commodity grew be outdoor the contributed organic supportive inventory expand our Europe, inflation above our by organic as be XX%. with to Jim brands, innovations for a in promotion new currency. to the the product of continues France growth supporting and gains initial contributions share Craftsman produce course, another the product growth. market America, tool sound to Ace, organic mentioned. solid team growth All new innovations, markets retail they levels Greece, continues segment, XX achieved within Iberia. organic initiatives X% Father’s response The average growth rollout North Europe Lowe’s normal exceptional growth. deliver North fueled efforts in to products portfolio to relationships U.S. organically, and our was customers and This major market pricing at
with America outstanding on of double-digit currency all growth continued to headlined support in e-commerce well launch trend their growth, weekly ongoing of Mexico QX organic continued to was XX% arose in Tools and regions as part contributing. this MPP in which markets actions and Storage. continued offset & focus Argentina, by Diligent a Colombia, up Chile, as emerging Latin Geographically, headwinds pricing growth the Peru. Finally,
Tools Russia from was which of SBUs of selling the first outdoor power introductions, Tools, low exceptional Tools notable new in quarter mid led direct growth. The Our and our those product to showed XX% Equipment tool commercial organic addition, group retail plan fuel North sharp growth America within was DEWALT The the double-digit due Irwin rebounded a Tools industrial-focused The a the & to up Europe. FLEXVOLT impacts Tools consumer outstanding Group continues product business new by and driver team. revenue Power Power performances efforts, single-digit change the this Power and contribution performance accessories growth the Lenox course, organic of growth growth. for and be leveraging and for expansion nicely also system growth continued was transition Tools Craftsman tools, in XX% core from & Turkey storage and channel continued and execution. solid while and double-digits. Japan Storage & benefited XX% countries. another up to to Professional Equipment model construction synergies. lines & again was Hand And growth, Shipments organic innovation India, posting Storage. and the introductions, strong saw from Storage were posted product quarter. FLEXVOLT Korea within we accessories, Both within an and the within delivered double-digit from and differentiated growth X%, on hand
track. all strong from So in the the where for keeping they initiated tariffs, growth the integration while growth nearly organic acquisition catalysts of of summary execution on the impacts price quarter organization, inflation to counter in market, and a portfolio Tools Storage great delivered increases and every & currency commodity
that is agility. Now
the fastener as acquisition technology, model automotive inflation, Nelson albeit more expected commodity increase light Engineered team was Industrial, during Storage, to impact this first production total rate with offset operating of Similar from Fastening control of declines than customers. leveraged by investments XX.X% their systems of in Tools posted basis and from Nelson fastener the production expectations. than points in due to industrial to quarter the cost business lower growth delivered points Fasteners. base to XX%, strong our successfully over has growing of growth and offset over to rollover better XXX were growth, vehicle engineering basis declined growth after XXXX automotive model margin across more the organic as of the internal Organic XXXX. and productivity the This activity XXX deliver productivity and Turning half light vehicle over the second growth to and solutions half flat the Fasteners. acquisition sales than theme year-over-year X% modestly from dilutive segment
trends have space, we positioned are for Specifically, a automotive key host solutions that joining light-weighting. and the electrification namely of developed and fastening the within
of the quarter. X.X% finally, bolt-on activity small decline the which organic given of decline the then prior X% partially expected in a lower versus pipeline quarter organically Security high-teen business volume the and finally, benefits Additionally, the are price X%, the by Stanley, continue in growth demonstrating great demonstrated America solid a offset Fastenings. Engineered Black the the down and forma in now provide, the plan and all-in-all growth growth included the volume for was And a growth integration construction Nordics decline single-digit And year. OEMs organically as flat and by second Tools North and strength has local currency and of we than total mid in automatic Meanwhile, & see successful excellence example the as growth electronic of the higher business of with project the segment pro team the solutions installation commercial higher Europe commercial organic shipbuilding the high a posted gas the was due which quarter organic quarter. commercial posted in Decker. as that anticipated track oil of the project Hydraulic focused was organic weakness early healthcare has more second Nelson quality XX% the verticals, seventh to door comparable occurred offset posting France. on then very Asian grew regional strength benefits activity as for technology the by in did and that remain growth quarter were in The another volumes from XXXX. to ongoing on have at demanding infrastructure offset to security, is launches. difficult they for lower large acquisitions, consecutive days quarter
The while initiatives, provide targeting within cost to margin small partially solutions lowering two, of as three the simpler more to to monitoring ongoing our delivering of was by key three, down was investments the our focused business and technologies revenue analytics significantly continued year improve the commercial segment to impacted key business focus XXX it will which insights is points These with service customers. sustained effectiveness our operational business organization, flexible medium-sized business the cost growth years. basis areas national and position security: on large business XX%. for security terms the profitability, to excellence, and to In offset operating The on containment. expansion along was versus one, account support for rate applying remains electronic customers; transformation, team commercial over digital and the margin and next of the transformation leveraging prior targeted the by the serve; X
standards free terminated a adopted take program to of the new sales flow next the the like that more accounting flow look previously believe cash operating as in results a quick would impacts the since quarter’s These let’s change standards year. historical of reflect highlight performance. for this flow I the the an XXXX. accounting the cash We of January amounts provides flow on exclude in at AR and presenting that XXXX reported the no cash cash page. impact results Now, and the view classification in has manner performance presented that of has meaningful company’s XXXX been this
the flow. to actual results So, cash for
second was cash brings of explained outsized our predominantly year performance the delivered declines we prior For provides launches is to due versus and as enacted launches, and working needed rollout. year-to-date a Storage X.X & but versus turns of primarily charge. capital quarter, Tools decrease Craftsman requirements to amounts the total the payments related to capital The million, higher and $XX which quarterly is use product of U.S. cash product our the are new carrying free X.X prior performance, support a level working second of well the organic which support the turns growth newly $XXX to to by year-to-date This decline the perspective, tax upcoming including quarter, year. of as year-to-date in flow term million. From pending higher growth a
confident flow with given line the year activity. deliver the our generation We in of we cash strong and working are normal seasonal with levels SFS in will combined second reducing capital half that processes core principles
this rate supported continue our will growth new reiterating are of capital addition, In deliver adequate expected an working approximately as a conversion support cash amount I XXX% of free the increased actions update we headwinds provide just we our this to like would expectations. recovery we to flow Therefore, year. our to strong second are on And to cash external executing. commitment half now take minute by to generation. we importantly, facing are maintain the
We batteries million to year-to-date. and with in already now commodities million. of is $XXX $XXX expectation headwinds Steel, elevated generating about to significant commodity metals most the continue a remain realized from and This $XXX prices $XX base result this million previous approximate up headwind. see as inflation expect XXXX, our million
of as At planned the XXXX, Additionally quarter. driven an response, $XX set U.S. saw primarily of of set we by Brazil, the quarter, the million this June, the impacts already an the being during actions price strengthened. last additional with significant approximate In this currencies to in pressures dollar in emerge of for X weeks we initial the and headwind Russia. estimate third implemented time, increases Turkey currency Argentina, we
steel XXX the tariffs on and million. as billion headwind componentry $XX finished of impact on reflects a well tariffs aluminum tariffs, as of of of XXXX Section and initial some shipping XXX be to impact we approximately This currently estimate Now, goods. the tariffs to Section $XX the
these of process, remaining on implemented have total pressures exclusion exclusion, via response mitigate these for increases actions. the and external look further price taken this to tariffs applicable. series initiated have million we $XXX a the recovery where In page, of to impact formal the We
$XX in in balance currency million to that should of in $XXX that First, we commodity million change of of discussed to tariffs. the the related are or foreign from inflation and have $XX increase actions the April. higher implementing million yield is emerging million XXXX. million implemented $XXX process during price Approximately response is with increases implemented in markets an This $XX in
We the August-September the remaining during be time to implemented price expect increases period.
and represent term to In cost support help that help pressures. growth cost million key short addition, reductions These actions longer programs productivity investments in offset in jeopardize $XX external not be that opportunities. will other paybacks and productivity executed discretionary that to these have some organic investments pressures These these incremental to pacing will of medium-term. are the external
in Now, our turning tariffs around address we due that to XXX right Section these to the impact July implementation XX, on have billion we it guidance uncertainty at categories side the approximately Therefore, Prior chart and product of tariffs included. be not of the to were the announced included the additional estimate in $XXX to mitigating timing the that and $XX an annual could million. impact assume implementation, to actions, the be September approximately million be impact XXXX million. is ultimately to X the $XX if will $XX you assumption under
contingency. profitability. However, we protect potential current as on focused to These remaining can within our believe and primarily categories headwind tool as affected implemented, initiate additional power If price are will these is we goods we manage accessories. as our finished actions price tariffs guidance actions that on such and vacuums are look tools to our this through well the
create American facilities. finished for favorable demand it’s revenue is This position these products, a approximately to opportunities hit competition navigate and supported may us tariffs increased local North in undoubtedly of Now facilities. are XX% that our important these by at American versus note our puts to our tariffs beginning tools that North manufacturing to
setup. once with but implement a acting and for moving offset pieces, headwinds we transitory to the abate have actions So, will these a price of to cost business favorable have and agility they lot positioned we are
a to reiterating of is announced settlement. reduction GAAP recently change GAAP the This $X now per of guidance, related of M&A per XXXX earnings prior to in share XX% up adjusted a XXXX outlook. earnings $X.XX range guidance to the On prior The year charges. midpoint. we $X.XX CPA our guidance share approximately inclusive $X.XX, is basis, the to Moving $X.XX of the expect other at we our our are versus versus and
detail diving Now EPS in a XXXX little outlook. adjusted our into more
the You accretion can chart, of versus our $X.XX approximately previously see price, actions to productivity the guidance benefits assumption. incremental expect April mentioned from on the of we cost EPS left and hand side generate
contributing also additional Including EPS have for organic company. benefits increased organic now expectations of We $X.XX growth an accretion. price, the growth point our X% X from volume the approximate by we expect to
in $X.XX Finally million we by EPS of and approximately share of $X.XX currency cumulative be also accretion. I for April, a executed A This accretion model-related $XXX will of tariffs EPS repurchase higher inflation, entirety contributing planning just expectations offset few discussed. commodity in brief its items.
purchase. are our $XXX revising the shares million, approximately We reflects average which outstanding to April
to Second other due item, of resolution claim. a the to expenses expect we XQ favorable prior lower net
However, interest interest reflective levels rates will expectations to higher be working of capital debt offset needs. expense this by and due increased
Third approximately million continue of anticipate item, charges $XX we to core in restructuring XXXX.
third However, weighted more half the the will charges to second quarter. be
the impact approximate synergies, to now organic growth the is pricing Irwin Craftsman FLEXVOLT, continued segment in XX% guide is the full actions. This third on commodity turning in the and within the team page, our third continue will on finally, price throughout currency, provide inflation pipeline expected and of largest Storage growth for backdrop EPS while to of quarter. initiatives, volume And believe brand. be revenue XXXX year & our increases trends Lenox right to of market e-commerce, side supportive the conditions emerging outlook of see strong catalysts. high our XXXX key implemented be remain incremental as rollout expect quarter from of We a quarter we that Finally, markets the and single-digits focused reflective Tools to organic the and favorable
performance slightly In relatively down flat be We given organic year-over-year commodity margin growth performance currency of in the year-over-year we are headwinds. prior low now and segment, elevated expecting versus expect decline. now the Industrial expectation single-digit our to segment the
offset market-related and performing the as of business the volume Hydraulic the lower and well the expectations industrial as Tools above pressures first year, fastener within from With automotive project oil should automotive levels and growth half of the in activity gas. systems
a acquisition, to expect the we to segment tariffs will due to pressure the Fastener industrial incremental primarily segment get Nelson short but below currently the these line Nelson average in to slightly down in to relatively due up these and margins, be with We businesses. carried year-over-year average timeframe. inflation our within continue also margins but cost from synergies, margins
we Security now the in the the be second year. Finally, low year-over-year, in organic growth implying half single-digit organic flat to relatively growth expect segment, of the
We margin outlook to to business revising on are also as we year-over-year discussed. previously transformation focus continue our the I down
taking in appropriate in to the a we the actions expansion. believe This organic adjusted position we $XXX pressure. currency So and is with are tariffs XX% commodity company summary, to EPS deliver X% robust growth, approximately inflation, overcoming million
With that, turn would integrations rollout of the on In brand. say and I price addition, Tools we management, acquisition like to over a few performance. Jeff remain words focused free cash generation, Craftsman to Jeff? the the flow realization, to productivity call cost and about the