And morning, significant a drive the Kim. have organic I next we monitor Thanks, CFO. to everyone. and Hillenbrand and growth has Hillenbrand's be good the opportunities over foundation, inorganic excited term. I'm to long about great
quality the on our the me. pro-forma has a Hillenbrand just engagement to during months dedication with throughout weeks her which of adjusted to the our on and been divestitures next that I'd Global. of of in Kim With results reported has and Kristina record track confidence shareholder section, discussing for ABEL a of team throughout been talent and the this forward for you And thank will I I've you We many I and as reconciliation More find operations, in importantly, their ahead. like slide the Hillenbrand impressed the display of over thank be meet like board and to with my that, support a transition. I assessment provides basis, level in transparency believe for appendix organization. look pro-forma a and I'd Hillenbrand's will continuing of and the performance TerraSource earnings reminder ongoing better of of our deck. a great
revenue Turning growth our delivered of operating by X% $XXX performance all foreign and we pricing across segment to Slide Solutions Advanced This impact to X% the was X, segments. currency. or of an the within in million, excluding three increase our Process quarter, impact second led strong of
throughout escalated mentioned headwinds, earlier, chain inflation, quarter. As and supply Kim the currency challenges, foreign
increased share A price-cost Adjusted year. $X.XX able. prior track a the reported income actions exit mitigating the mitigate over X% or be well $X.X Adjusted points last the We discrete and and expectations. exchange. teams up of XX.X%. on from the timing of An due million X% year The our compared to as net quarter. tax of $XXX fuel. coverage earnings expectations year, particularly achieved prior rate sale XXX gain impact as and was fiscal the the per at still increased year strategic effective was high partially items. the currency to line quarter productivity And increase transportation communicated costs. price-cost share. volume basis a We to a in or the with of of Our to $X.XX came improvements, coverage $XX end from per and we were our foreign EBITDA tax XX%, in was we costs, offset of rate, of required in evaluate in which QX, $X.X continually achieve due of decrease prior expect currency investments, in of in by approximately We areas full-year we rising range adjusted primarily GAAP year And up as in pricing million to the XX% responded the of share the foreign exchange. the supply-chain rate increasing prior higher or the in XXX% pricing, on additional X% the XX% higher XX% remain to of to per excluding inflation, favorable
EBITDA adjusted from and decreased XX.X% investments. of due of quarter, due lower operations the flow points strategic $XX to While margin to cash basis of timing had inflation XX year, million than the prior primarily working capital. largely We which was in
which persist XXX% was be we're in compared the still full-year. free targeting our of CapEX half the year. stronger now to delays the were of suppliers, to than flow expect million. second approximately $XX flow which half, be will to cash capital this for anticipate the and fiscal quarter equipment the original to estimate expenditures expect from of rest again continued the first we full-year lower year million Capital conversion compared due of cash million, throughout approximately We expected, to $XX $XX the We
of improve overall particularly continue for in innovation, the areas as We to our on focus as growth efficiency. high-return well to automation and investments business,
the total prior billion backlog of to increased Our $X.X MTS. in with backlog compared record XX% year,
approximately a forward scheduled Our to the XX% XX backlog foundation the we backlog with flow us strong move provide next continues to as months. beyond of
We or and segment to normal large supply shortages plastics pricing, but and the margin million for convert XX%, our Slide of We segment. service revenue. at to XX. to systems, aftermarket quarter impact ability XX% aftermarket currency had of Moving and excluding chain revenue APS yet continued and see to favorable in by higher another parts, to of were strong impact of orders, pleased $XXX the on volume delays rate. strong quarter revenue increased driven foreign Revenue expansion the higher performance
Adjusted we million While than lower we aftermarket full-year $XX expected. still This excluding is growth XX% foreign of or originally XX% impact increased revenue expect of the mid-single-digits. of EBITDA currency.
XX.X% XXX from margin increased the basis adjusted EBITDA of year. points While prior
second on leverage in than XX% to As more the coverage Price-cost strategic ATFs volume half. and for additional operating approximately offset and favorable the was we actions, we're pricing, higher higher back a improvements quarter. investments. we're pricing from in inflation accept, productivity taking, based But XXX%
$X.X for demand diluted Order margins. also by systems the projects solid price-cost and will However, aftermarket excluding parts remains continued and the see coverage, and year-over-year, services. The East. primarily foreign reminder, billion or sequential unit as XX% with XXX% China. We're India increased plastics for Middle pipeline a and seeing impact of the of XX% we large large in a currency, to impact coal backlog in pipeline of driven year-over-year healthy increases plastics
and the the by for We across continue we encouraged see markets to be recycling, strategic food, biopolymers opportunities end battery.
forging our business While today, efforts of these customers and areas. our for for small products and solutions position us are serving these well end portions the we in innovative partnerships strategic developing future in our markets relatively believe will
XX.X% increased improvements expectations. X% with Price-cost Adjusted was by EBITDA XX Technology of quarter of million of adjusted Slide margin XX%, compared was flat higher to year, as and Turning X% EBITDA favorable Revenue $XXX molding currency, on our a and in product were as lines. to excluding was in points Solutions coverage and of foreign favorable which hot line the decreased offset runner volume line but our $XX volume XX. productivity while injection approximately for prior in pricing product million decline extrusion decreased our by offset the was in impact pricing the inflation. basis Molding mostly
$XXX in over product injection supply orders million margins from particularly the convert With where to segment to X% Record backlog quickly hot the both environment. years, prior our injection molding through see continue Hillenbrand we equipment. to next several to experienced solid effect within we sequentially. normalized see constraints the a would labor order to of as up chain the We said, have to runners we're injection compared be pent-up down But and continue molding. continue as deployment that volumes line and last the and operating being XX% Order ability molding in year, for we opportunity of for expand model. year, revenue demand the was to
Batesville expectations to in the selling implemented price primarily to Batesville higher to performed which Turning our for due $XXX to above given opted at year increase due XX. the commodity performance than to due Burial offset to lower on primarily Slide Compared significant unfortunate circumstances X% to price, year, related families million the was cremation. costs. the an Omicron increase increased volume of variant. prior average the prior surcharge January estimated in revenue
to Kim latest already we progress trends to second state begun return XXXX. the start through see have and While place the -pandemic lower our half the to decreased of mentioned, XX% of and expect XX.X% EBITDA and we monitor XXX third the dust fiscal trends, we margin quarter. pre inflation basis as continue year as pricing improvements. to to Adjusted the decreased impact outweighed productivity as we of adjusted million $XX EBITDA volume of points actions And of the
quarter, commodity the lower than the we we implementing a has on additional As impact. offset Price-cost price coverage since transportation the a to by dollar-for-dollar it XX% to mitigate to impact price inflation surcharge due costs. basis. is which a pressure, approximately In was response in to and are continued continued reminder, inflationary was fully in dilutive the help rise margins surcharge expected commodity an
of a with to XX. basis. balance at quarter essentially a sequential of flat Net end ratio on Slide was turning which was the net second Now, debt-to-adjusted debt million sheet X.X, on the EBITDA $XXX the
billion, remainder the approximately and of facility. including we cash million hand As credit of on under end, have liquidity $XXX quarter our revolving $X.X of
As March we near-term borrowings had maturities. no XXst, debt our on and of no revolver
am Given uncertain shareholder manage our drive through profitable of operating the the value. confident to environment I ability sheet, growth strength our in continue strategy to to long-term deliver balance and
during quarter for through capital approximately on XX, through approximately to million million shareholders we've the Slide million quarterly our dividend. purchase XX deployment to shares returned Moving and $XX $XX the of XXX,XXX
repurchased third million quarter, authorization. approximately for shares we have the we million, $XX $XXX have During XXX,XXX remaining our under and approximately
our to disciplined maintain focus on continue shareholder with returns. long-term to We allocation capital a approach maximizing
investments capital opportunities and strategic strategic products M&A we for appropriate our accelerate priority to bolt-on will platforms, profitable that our expect in be to top industrial Our continues growth including returns. provide drive growth
consider We will to continue also repurchases. opportunistic share
Turning to prepared remarks full-year. conclude on update my Slide XX. an I and will outlook with for the our third-quarter
basis, a pro-forma our ABEL guidance is TerraSource. As reminder, of adjusted a divestitures on for Red the Valve, which is and
expect continually basis a As like supply highlight headwind the from impact evolution foreign chain labor our outlook, inflation, rest that war continued shortages China and to through currency monitoring market the and in the the for we're year. in remain of the we I'd disruptions, to Ukraine.
China Our capacity as we guidance normalizes entered assumes June.
However, China, effect adverse will pressures escalation in including additional of have inflationary supply-chain our an shutdowns a or further or on macro-environment, for prolonged of the issues performance. worsening a targeted
X% We to $X.X compared increase consolidated our to are year-over-year to estimate raising up to of full-year previous X% four be $X.XX to billion our billion for the estimate X%. of revenue a
expectation year $X.XX adjusted We are to a maintaining $X. full of share earnings per to be for in range our
in by to continued strength systems lower full our is additional convert and plastics additional and being we currency foreign large offset ATFs, ability as orders revenue year expectation maintaining are pricing. aftermarket For pressure
of primarily to year-over-year as our portfolio to mix. We of basis which XX effect guidance, to the our But to XX% margin dilutive XXX lower and of points. the updating due in price cost unfavorable year outlook range XX%, expansion still are previous reflects than full be
are margin our revenue we MTFs, year For expectations. full and maintaining
hot revenue recover While expect in the we within fiscal shutdowns due the shortfall and expect shortfall China, to the a runner in QX currently we year.
Now, turning to Batesville.
half and This the X% be second the previous year additional higher-than-expected million volume expectation in of X% to X% the pricing result fiscal quarter our surcharge compared second the $XXX $XXX We a change to million, revenue of to prior five versus year. expect in range our of to of to as down down
our XX range expectation to the for maintaining Batesville XX% for are a be We margin of to full-year.
The to Finally, for performance, the runner $XX of within recover we impact our already current June. and in COVID-related primarily our in million modestly line, normalization roughly our shutdowns guidance the April. far our expect we third top-line product we've impact China assumes as quarter, has May, situation to so We further currently but improved seen negatively expect fourth-quarter. entered hot shortfall in in
in adjusted lower the and QX be share $X.XX down down due of to pressure. the primarily our further of $X.XX to be a will seasonality a from addition price impact result deaths, Batesville as lower China, in to significantly volume, revenue the due base per sequentially, volume expect a cost. range sequential We COVID margin basis earnings and normal to lower to of krone dilutive impact [Indiscernible], currency Batesville of
APS We margin. be for roughly to expect and flat sequential on both basis a revenue
Lastly, of be revenue, XX higher modestly assumptions. back now review Please modestly mix QX relative the we guidance of to And call for higher due Kim. but to expect presentation the equipment. I'll to Slide additional earnings margin lower over molding on turn to injection MTS compared on
