Thank you, Nick.
million $XX.X range the of up same end for guidance the This or was million. $XX other XX.X% to was our mentioned, on million demand last and the life $X.X security strong first markets. sciences, quarter Starting by organic period million year Slide and, revenue of versus top $X.X defense/aerospace, million, entirely revenue at across X, growth XXXX and $XX was of driven as Nick semi,
million, for semi semi, drove for the In less demand epitaxy and analog signal combined EV comp, sales year-over-year. mixed case The first market applications, for we tough the in this appear. of heating we than growth supporting the order X% technology solutions crystal morning, a technologies shows believe, is silicon increased down trailing might induction it applications, to decline on $XX.X was edge meaningful announced automotive and up large or strength XX% carbide and capital-intensive with less
volume, points, pricing. points was year and of better basis basis X. quarter QX product higher and Gross Slide XXX mix in period improved margin Moving margin quarter, reflecting Compared gross due up favorable to pricing. with the XX.X% mix improved compared improved product prior XXX to with the the trailing
and margin gross of months of sales between million this Our XX XX.X% XX% trailing is or our with of $XX.X line year in outlook XX%. profit gross updated
As up Versus by year scales as operating of percentage $XX.X down million. $XXX,XXX were XXX prior you at a $X.X expenses but our operating revenue, total Slide basis the up operating see were the as quarter, driven versus points the business X, trailing expenses million leverage on can up.
higher little commissions revenue and anticipated saw increased compensation than we This and stock higher profitable a more higher as to selling an due noncash was slightly stock price. and expense
execute sales growth. we drive as in to on marketing and to strategy our continue We invest
Turning to Slide X.
per can see QX share in per million end diluted up results. our line We quarter, adjusted our last the is or of diluted $X.XX EBITDA You and first share $X.X expanded the earnings from million for EBITDA XX.X% and bottom net up XXX $X.XX of Adjusted Adjusted had $XXX,XXX XXXX and range. which million, year. points margin EBITDA from year-over-year. guidance was $X.X upper at $X.X basis to
diluted in to first EPS the adding after-tax intangible acquired the On was basis, per adjusted EPS share in an back compared $X.XX intangible share On quarter $X.XX with of amortization. first per XXXX. an our quarter. reflects Adjusted basis, acquired non-GAAP tax-effected $XXX,XXX amortization amounted diluted
after-tax to similar. for quarter second We amortization intangible the expect be
operations. Slide We structure adding strong quarter had shows of and capital X our generation, million cash from cash $X.X flow. a
requirements of was at Given and up our million the business, free million quarter the the to cash $X of was modest organic the first $X.X equivalents flow or end about capital $XX.X grow earnings. Cash net from XX% million, quarter. trailing
order. cash prepayment We a related $XXX,XXX customer a to also have restricted on in
In $XX our $XX million term delayed million with available and our have addition, draw available revolver. we loan under an incremental
current pursue to us X, X.XXx, giving acquisition ratio to our at Our is below strategy. continue considerable flexibility leverage also
Note of our $XX in of terms facility. the does repaid increase debt available debt, term did that not funding million. prior each million loan repayment to million $XX.X of we bringing $X of we under it down As quarters, the
activity. order to Turning our
was XX% reflected of our markets, versus in year. prior mentioned, $XX increase quarter first previously EV, orders of across nearly a increase except the received. to million automotive declined $XXX,XXX orders timing all As due This end which the
that demand market quarter-to-quarter, While in generally we order by the remains morning. lumpier orders from this are as noted strong, announced
X.X%. a and back helped other life demand both industrial, in markets. down end automotive were end front Sequentially, security, overall to in Growth EV sciences orders modest declines in sequential semi, and defense/aerospace, offset and
customers and think more Again, customer longer get taking with we primarily are while declines of off. most of we by spending timing the cautious smaller order sizes to driven seeing sequential POs projects, signed are the underlying from
While remain not about optimistic environment, the healthy. are given funnel unexpected, which macro activities, our we
prior mostly $XX.X and the December orders on over March although expected Approximately a down shipments. to is of at backlog variability XX.X% was current ship quarter. X.X% timing backlog of XX, Our million, with the increase XXXX, XXXX XX% XX, compared the and year, beyond
Slide to Turning XX.
outlook our me for updated XXXX. Let review
we're We year. about where be headed continue this excited to
orders expect we lumpy, we we target, revenue the which our cadence achieve to be represents can believe While quarterly organic growth. of single-digit high
acquisitions pursue In partnerships expand portfolio better strategic and continue serve our and to we to addition, our markets. target
of We million a XXXX of expect of to million gross revenue XX%. the with approximately quarter be for range second margin to the in $XX $XX
and including amortization to be annual reflect quarter increases, after-tax. million. continued is is pretax amortization, stock expense and approximately Intangible run to should elevated marketing This $XXX,XXX $XX.X and or $XXX,XXX expenses, investments. operating XX.X compensation between merit asset expected sales Second
our quarter. rates, should for current and Given loan balances approximately $XXX,XXX expense be the interest
in range to to quarter anticipate of range while adjusted $X.XX to should the second EPS $X.XX, We be of $X.XX. non-GAAP the XXXX $X.XX in be EPS
As we adjust a measure this expense simply tax-affected for in latter amortization profitability. of non-GAAP reminder,
year expect strategy we processes the X-point markets. entire and technology through end with is disciplined The sales our progress making in be organization. marketing and by accountability across realized offerings and driven this all demand growth the We strong nearly across implementation our to are being of
acquisitions This, annual increase are million, $XXX the make may we outlook of impact the midpoint our this year-over-year $XXX represents organic from holding We does include revenue a at for of range. XXXX any X% the guidance potential and to which million course, year. not of
raising are, and We expected is realization. range by outlook for which and between improved to margin pricing XX%, XX% gross driven our however, mix XXXX, now anticipated
to likely gross amortization million line expense $XX should this determining million. million in of the asset year, includes the non-GAAP Offsetting adjusted the are million translates increase year. which operating for at approximately full amortization earnings. This profit approximately $X.X $X.X This for expenses $XX to higher intangible for of range be expense the tax-adjusted of
approximately Our effective similar XX%. is XX% be tax to or to XXXX rate to expected
to XXXX capital run to our X% between expected of Finally, to expenditures sales. X% continue for are
will you that, turn to if I Nick. now call turn would over Slide back the XX, With to
