for take a Thank good I will results the dive deeper second business and segment you, Jim everyone. quarter. now our into morning
XX%, Volume Slide X X X% above-market X more recovery was and as points job and growth while following contributed an pressure. the year segment offset continues with those presentation. with was growth. the of realization leverage, to of organic X% price am balancing commodity aligned from up price tools X & by on rate margin as gains. control was I The share points added excellent within volume impacts organic currency of growth and offset the do the was currency, XX our benefits on, revenue margin another expanding of than growth For expectations cost basis and The points operating for Tools team inflation Storage tariffs. the points pricing, prior and
Returning expansion external in headwinds. while within was milestone important second quarter offsetting the was to and significant tools realized margin it an
the Tools regions company business share Storage & than by growth than $XXX experienced the these As and had impacted tariff, & across Storage more in currency was and most gains XX% were SBUs. million quarter. organic Jim strong The of offset and The headwinds mentioned, Tools headwinds. to of commodity greater related
with up retail decline was overall and U.S. at Looking North led way was up results America and our performance the the American industrial POS product focused North gains these channels, basis, considering partially by This our the organically. modest quarter. the user was of The was in price as delivering focused digits that realization growth a and construction X% new customers geographic respectively. America’s by on commercial Craftsman and rollout, second by brand double-digit modestly were and it inventory This saw we experienced Clearly, a and the businesses. in resonating gains share single-digits high-single fueled growth robust by driven mid offset evidenced the are some catalysts innovations. during North industrial in share end bearing quarter.
performances. in from leveraging Europe, half innovation emerging delivered and Turkey. benefits in performances single-digit product and Despite recover team is in all headwinds and price, the the delivering brands, Colombia single-digit growth markets market in double-digit a leveraging organically we UK a products were share we performances gains gains solid point on strong Russia, then in see Korea India The robust contraction in Central e-commerce declined expect to ongoing market markets, finally what impact commercial on growth. and market currency continue to than Europe by expansion and and pricing while markets, continues catalyst out produce share X%. posted environment three double-digit share The posted back Argentina, Moving And from growth benefits mid our of the be and and Mexico portfolio The these to team actions with region. X gain new Europe to focused from new to XX markets and broad-based pressures organic high our above continued growth. X% markets to more the to X deliver Brazil, year. of the mid grew Iberia across slower Germany, Nordics. growth, Taiwan offset of the to emerging emerging
growth and Tools lines equipment delivered performance. Now, this high-teens X% and solid posted growth outdoor In and from execution call. launched later by will provide segment product to overall DEWALT Power commercial merchandising more strong introductions. detail driven in the FLEXVOLT DEWALT brands. looking particular, and Jeff both & at tools Storage new the had Craftsman, contribution expanded under the SBUs, benefiting the products new organic about a
introductions we we on X% and market. the the Additionally, shipping Hand ratio shipping newest product which our innovations, to growth. Atomic compared contribute delivered Storage to newest rollout have products Accessories power and Craftsman Tools, a our begin currently to growth Xtreme continued ongoing weight began superior – other will breakthrough as to organic new &
in market cost quarter to execution. So disciplined through another Equally growth tools as the overcoming as they control deliver share leverage summary external expansion, growth, price significant excellent growth organic they for catalyst to above important returned storage gain. continue to margin and and our headwinds organization and
this shipments Engineered from included by volume productivity declines and negative fastener IES X from more light commodity Operating lower in Now turning inflation. gains from organic points were revenue a general automotive currency. vehicle end-markets, to control cost rate industrial XX.X% offset industrial, partially acquisition, revenues decline was than by segment offset system to XX% X% XX Attachments were which down points down gains. Engineered to as margin penetration a softer due and which impact the partially X% production, by offset were modestly Fastening the year-over-year lower Fastening organic which was and delivered growth, and
in which growth The stronger continue quarter, impacted for down is primarily see oil scrap volumes hydraulic and the was We partially lower negatively by during The global fourth whose by first declines onshore infrastructure pipeline offset consecutive driven activity steel underlying market once businesses inspection demolition X% production approximately gas. tool automotive project declines. organic and has pricing of to XXXX. the delivered X% in half underlying growth, been
was North points, currency within points X And then Security by America with in our flat the This offset lower medium bolt-on then positive growth Sweden is divestiture. by associated Greenleaf more is positive actions than the more growth higher contributing The as Europe with market trends leverages region down this of the automatic a team strong commercial enterprise conditions France however overall a volumes door around from declined the again impact and in were than demonstrate X security X% being price offset installations. market backlog was order and the to acquisitions in X transformation small was negative delivering offset was point unfavorable X% adverse the organically. UK. healthcare corner. and region bright and plan. as was This the X Sargent point. continue that to spot a X%, & finally segment a down for volume by
profitability, In terms the the basis again, quarter operating its XXX progress margin team security in the demonstrated segment transformation. points to expanded of a XX.X%. significant with Once business
delivered the and efficiencies delivering controlling monitoring XXXX. to operational For and take organic margin consecutive our rate costs of half demonstrate third the they quarter, and back service consistent successfully expansion security organizations. the next step, needs through in growth in To dollar
are investments. encouraged commercial We value creation the potential by from our
sales United Europe. filled positions in States XXX and over Year-to-date, added the have new we technicians and XX over
improve utilize that deliver customers We the flowing are to operational in efficiency. insights our sets information to to platform through solutions new digitally our enabled bringing their help analytics skill develop
commercializing to medium-sized We our have for also solutions small based begun new customers. app
is itself backlog this growth, us that we manifested yet seen not growth horizon. patterns significant organic optimistic which the improvements, order into strong make While is have on and
Now, the page. next let’s briefly at quarter’s X look to the and performance free move flow cash on Slide
quarter, brings working second income, prior a and was the million. capital. CapEx $XXX are a higher use cash of net free performance lower explained our We to $XXX predominantly significant year-to-date the of million, by quarterly in versus For improvement line working rate year normal confident seasonality deliver SFS XX% cash The our a that will remain which and levels improvements principles, in Therefore, utilizing year-to-date strong XX%. deliver to reducing our with year and for generation conversion cash approximately we free reiterating with capital flow are activity. core combined we flow cash commitment processes flow to the of
to on guidance the turn Slide let’s Now, X. next page, earnings
We range X% $X.XX, GAAP at an approximately basis, $X.XX the are guidance, earnings to and per up to $X.XX range reiterating the X% organic approximately of for up which per unchanged growth earnings share calls EPS midpoint. per share our XXXX $X.XX, at a adjusted share. On adjusted remains
essence increase which related outlook, in increasing lower primarily This China external Now, on on related X List estimate EPS by you XX% side can more tariffs, partially be half detail an million incremental diving a into to to expectations, slightly $XX second headwinds is little from adjusted the will XXXX to chart, see left hand we our of offset inflation. XX%. commodity the in
our which outlook deceleration the for organic adjusting growth, market reflects second and quarter. modestly industrial a full are around we markets slower Additionally, year incorporates emerging general expectations volume and during the we saw
Our of as incremental plan quarter. Offsetting headwinds still gains. operational margin solid organic during growth pricing robust actions, market above calls benefits achieved for the which we the these second and execute initial catalysts, our growth deliver from share resiliency the X% pipeline outperformance are will
different are transitions per historical in will than while to These share Finally, year of revenue, quarter of margin share earnings we brand year expect to performance, resiliency per third on full to the slightly response earnings. tariffs benefits. various impact to of earnings the quarters and timing XX% full pricing due the fourth approximate approximate the quarter XX% the trends
for in we tax addition, effective will quarter. the In have each variation some rate
turning to year-over-year. outlook side page, Storage margin assumption Now, growth single-digit right for rate calls the and segment Tools expansion mid of on the the still organic &
resiliency initiatives deliver leverage performance, the and margin cost the offset headwinds actions, the As demonstrated operating quarter to second team to growth. will and price with external continue the volume profit
expansion, actions X should the the we of of headwinds carryover incremental a half anniversary to neutralize continuation List second from tariffs. The take XXXX year and the see margin as
backdrop. decline Fastening reflecting end organic second sequentially first Total general markets. the outlook industrial the are to now the our expected the growth low across including market improvement be organic during to should positive, Engineered year-over-year, half turned in on ease. to the often slower market growth that digits, position, by from and is difficult external opportunities the see lower automotive performance volume we single begin positive. will headwinds. expected to stronger expected Industrial comparables themselves margins costs to Moving gain from The focused present contributions fully be automotive the acquisitions. share when on expect teams and to single again emerge and digit versus a impact is slight as the year-over-year half, capitalizing decline a our business are expecting low Industrial segment, controlling market We the Operating are but the driven once down a
year-over-year, Finally and in dollar to team growth rate the expecting expansion continues as in segment, we organic execute strategy. the its margin positive on Security transformation are operating
X% to So which commodity, company, to growth in expansion, close and organic summary, EPS whole X% full the currency million for is X% adjusted the we of headwinds. expect tariff year, for $XXX overcoming
be first end puts strong us tariff continue while in organization the by encouraged half operational position the to across XXXX dynamic of We headwinds a deliver markets. guidance, the to This through collective our incremental year. navigating and performance the efforts EPS incorporating
the are We quarter the to expansion XXXX. margin this second and will rate achieve believe remainder pleased of continue very for operating in
above organic actions. We remain our focused on market pricing and leveraging continued cost growth,
we begin savings and year margin operating of margin factors expansion with program resiliency in the for second associated the half. in rate the combined see XXXX. Additionally, full will will growth result to the These
over on provide & to I’d some color that, turn to Jeff? Jeff the the to additional With like Storage Tools call business.
