everyone. Thanks, and hello, Rafael,
increase up exchange, Freight by X.X were negatively revenue the Slide year-over-year reflects quarter good chain, We strong, and sales year. in which reduced and our will growth QX partially quarter in second our Turning continued I sales sales Sales X.X% the more prior in X, review despite operational increases. by unfavorable to cost were segment offset detail. for exchange billion, challenges a second points. in of results percentage performance XX.X%, currency which quarter the the lower by $X.XX currency our had impacted versus supply Transit segment. financial quarter were another
growth the face strong been cadence and was the foreign productivity, rising up partially plan line in costs. For the operating percentage and exchange, achieved higher in of Through our currency on continued X.X when $XXX million, revenue favorability, XXXX in mix adjusted have delivered by improved with increased points and margin basis. The aided chain expansion we Margins excluding by versus supply pricing XX.X% expansion, year. margin the our adjusted We offset the issued of costs disruptions. an quarter, was up which with first year, even significantly original line discussed were we our our which team prior half the income guidance. margin growth and
locomotive the margins in comparing second and As this fourth higher first will look and continue we in half in specifically, forward half significantly growth to anticipate much revenue more the we quarter lower XXXX. than margin accelerated unfavorable we to quarter. behind the our mix increased due pronounced the to expect More year-over-year half, decline deliveries in percent margin equipment be in third sales back against from
our earnings quarter second a prior second GAAP $X.XX, full share the the continue year. were year percent the margin In be adjusted versus modestly. expect $X.XX, diluted year-ago. XX.X% diluted up per were up versus We earnings share quarter, per XX.X% to which will up was
$XX During the related for largely quarter, $X million million million of our by to to drive had further pre-tax we initiative one-time other operations charges XXXX. $XX of rate savings to to restructuring and charges X.X integrate Wabtec's integration run and
increases. We challenges. were margin we the disruptions QX with Rafael diligent pleased face exchange work proactive and in and As headwinds the very minimize significant strong currency these we continued of in face of cost especially results, to growth noted, and supply continued foreign our as remain our
Turning in X, product our more let's to Slide review lines detail.
modestly railcars increased business X.X%, and in ongoing a sales. strong and Beena quarter and strong deliveries well revenue driven up and Equipment were X.X% quarter lower on Electronic last in by partially Vision sales X.X%, the XX.X% number a currency the higher of in from up sales offset Second up X.X% exchange. foreign the partial continued acquisitions last higher build, storage were shortages. up driven strategic a by end-markets. this OE locomotive recovery consolidated of from at bolt due railcar Component very industrial year-over-year, underlying is sales to year versus excluding year performing sales chip Digital mining quarter were by of ARINC,
core our digital see increase. demand We improved continue to for to and continues products backlog locomotive in onboard our
railroads XX.X% primarily increase for Our continued reliability believe the last million. and foreign Transit services as last versus down across fleet of fleets. sales our currency locomotives. as higher We year spending their Across year-over-year look drive year sales unparking demand exchange. decreased medium for The initiatives to of increasingly sales prior and this due outlook availability for by XX.X% performance, impacts Sales segment long-term modernizations continue. to superior infrastructure negative The versus the the segment, our continues were from customer was positive $XXX outcomes green grew remains to driven and versus year. predictable for the
Moving to Slide XX.
input margins. sales margins expanded currency pricing X.X margin increased gross percentage exchange. richer driven Mix foreign our outpaced by adjusted mix unfavorable in higher freight to of strong sales. transit products, a as points and cost impacted XX.X%, by and benefited Mix our partially positively productivity, offset Our pricing
pricing that higher for long-term into Raw costs. increases. and led were was recover dramatically with increased contracts, other were to costs higher Additionally, cost price significantly, our material implemented metal energy along many costs escalations up price of realized again incorporated by actions
profits X.X million. currency exchange gross Foreign impacted percentage adversely impacted adversely revenues points, second and $XX by by quarter
were costs. transportation higher costs by due largely offset logistics manufacturing were gains, and which favorable Finally, to productivity
price implementing Our and of these surcharges escalations, mitigate initiatives. impact pressures team continues lean the productivity triggering to execute by well to driving operational cost price and
Turning to XX. Slide
the operating margin quarter, For points last expanded adjusted X.X versus percentage second year.
SG&A profit, XX.X%. expenses, Our margins from higher adjusted partially expense were prior primarily of future gross Adjusted as million, $XXX versus last down increased higher to benefited points XX sales which year percentage according in up from operating was but basis year, technologies. by was to slightly investment but a increased from offset Engineering plan.
continue to as engineering future our leader utilization business resources more and we opportunities, decarbonization current We importantly, and capacity but technologies safety. our customers in in an that invest productivity, improve industry digital investing and are
look on Slide let's the segment XX, Now Freight results segment. take with starting a at
up the Freight partially for of XX.X%, higher operating versus was X.X $XXX for an sales, mix quarter and by discussed, already I As operating income margin segment productivity The improved percentage benefits higher improved points were and year. adjusted adjusted prior offset million the sales of expenses. segment
Finally, order $XX.XX multiyear the billion billion, to segment the up earlier. XX.X% end from due up momentum was QX $X.XX of year, that discussed Rafael significant last or backlog
driven business negative U.K Slide in manufacturing the XX, Turning to late and by contracts XX.X% foreign down sales by currency exit incident. low were quarter of a Transit of disruption effects caused margin segments exchange, the cyber a our
In impacted to revenue addition, chain supply adversely continues by Transit be disruptions.
is XX.X%, an impacted million incident disproportionately reduced Adjusted implementing As impact currency expected Transit affected and company's were productivity income to unfavorable disruption improving results. and down versus network, QX QX previously by our business. we of segment XX, driving announced, This which transit an strong year. our prior by absorption, June $XX modestly have the foreign despite to detected volatile and manufacturing which resulted that offset margin adjusted inefficiencies the to Transit continues driven environment. million, operational a disruption focus SG&A. the points the decreased percentage costs, cybersecurity on on operating Lower by on down in revenues exchange lower and $XX X.X partially efficiencies, operating lean
the currency was been effect for backlog backlog would $X.XX a quarter Finally, X.X%. up Adjusting for billion, exchange, versus foreign Transit year-ago. negative have segment down X% of the
position to Slide Now XX. financial our on let's turn
$XXX generated operating cash strong conversion of from to cash operating we million. quarter, of but XX%. brings a benefited impacted supply inventories and This in parts. our year-to-date flow the our proactive rate During build flow of the million resulting Cash critical was higher expectations flow earnings, managing growth of $XXX cash disruptions ahead of by
confident we we flow that for are the forward, year. generate cash Looking strong will
acquisition net at paid during of $XX We our The purchase cash shareholders, was ARINC. Our combined the adjusted the million $X.XX an shares dividends at to second we Beena our $XXX digital X.X and businesses to two closed million. repurchasing two million. additional leverage of Also x $XX quarter, companies more and these returned of end price of liquidity ratio robust on quarter and the the declined billion. Vision is of
in and the drive to us turn we As confident to we is you allocate to position back solid giving to I'd return can financial over With value. that like strong flexibility to Rafael. and our highest shareholder continue cash capital the see generation, liquidity these that, opportunities grow and towards are the can call results,
