down fourth you, with year-over-year and provide third Sales sequentially. for results additional for and cover Thank $XXX X% quarter I’ll our guidance John. up XX% the and quarter. third quarter detail million,
impacted While wide constraints industry chain the in quarter. are by negatively sales third
even capital Our chain customer set well, midpoint constraints, we demand up XX% our market allowed In broad from gas us record solutions. the semiconductor reflecting semiconductor needs record continue XX% $XXX to equipment year-over-year sales, reactive customers. responded pressure execute particular, team to based in from our our at million to guidance, and and exceed revenue RF of another power, our delivered up sequentially supply to and plasma
flexible vacuum for our us is the seamless $XXX measurement million ahead PCB photonics million in year-over-year well in the customers. extension XX% of and address surround we XX% integration industry. and of etch, in a advanced market primarily ample portfolio temperature chamber control, We as is seasonality to grew third acquisition also MKS’s manufacturing wet and steps, growth to discussed semiconductor delivered business, momentum drilling quarter semiconductor markets to of the widest well for leader solutions via revenue which solutions, unique portfolio This This believe clean the spanning of to due in represents second our metrology, which at allows earnings our acquisition semiconductor $XX broad demand and decline the photon a from already the critical contribution included Sales quarter array lithography, sequentially, continued we strong deposition, as photonics of market. call. inspection, another from to schedule.
sales, the addition, soft third of industrial In packing and to chain quarter, supply due applications portfolio. constraints vacuum in
applications However, healthy. also in these demand remain trends
process synthetic of seen diamond used demand to example, growing microwave diamonds. the products inflow manufacturer deposition the in that we’ve are synthetic for manufacturing, chemical critical our For vapor pressure
For between respectively. advanced the XX% revenue the third split semiconductor XX% our in markets with quarter,
points. third up basis marginally XXX to XX margin The decrease due gross a basis quarter input but was costs, of year-over-year. points higher XX% Sequentially
sequentially. operating up million, than $XXX Third were our less in million was expectations expenses It $X quarter quarter. the for
a income. million the an rate adjusted XX per expense interest of reflected non-GAAP a our was Net in $X.XX of mix the tax points Third third was Net of basis approximately was XX%. basis strong quarter XX%, third and over a was decrease diluted million share. earnings for model. or leverage $X but $XXX million up Adjusted $XXX geographical of XX% taxable were XXX quarter points in our quarter margin operating operating resulting third quarter EBITDA margin sequentially, year-over-year reflects financial EBITDA
short-term working improving we in appeared We capital sales dividend payment day quarter. The flow quarter, liquidity quarter, a million times increased second of second days free in at Exiting made to and balance cycle maintained cash $X.XX investments focused at of X.X our $XXX $XXX was XX%, $XX days outstanding cash XX compared the end or a times sheet our $XXX the the were third inventory quarter XX the the in terms million. dividend quarter. with the of second turns in of per quarter, third third was and to were cash third quarter cash X had million share. by operating the and position In they of end conversion Remained the on third quarter, million. strong
the $XXX payment principle cash $XX included with loan a of balance Our which we the million. Control third Photon for million exit term $XXX And million quarter of net the at acquisition balance, quarter. end was the net a
pending are our well. is progressing acquisition very As activities proceeding John Atotech planning planned. mentioned, Integration of as
announce our We’re XX. that successfully financing October also syndicated pleased on debt to
were testament at our with the subject floor of points XXX a strong times is this oversubscribed tranches, financing of Atotech two at close fourth will of revenue to floor. X overwhelmingly of to expect we outlook, XX of persist a excludes U.S. of or in $XX over is We quarter from with $XXX industry-wide zero above a the quarter. of contribution comprised the our to any tranches the basis point with financing excited We includes track deleveraging. Our Both combined points and our now as Atotech LIBOR turn EURIBOR and well customary The team forward believe funding term to to loan as priced of point strong acquisition ticking the financial We of talented welcome record at to XX.XX. integrations the look I’ll coincide XXX constraints, million. euro This through from tranche in acquisition the loan which billion was lender million which €XXX model minus basis fees. headwinds successful basis quarter basis MKS. $X.X forecast the plus chain estimate community rationale acquisition Atotech. acquisition strategic million a a interest closing fourth to supply fourth
overall remain estimate product or plus However, levels business operating expected margin minus gross of strong. and million. $X percentage in mix, revenue million elevated XX% anticipated levels plus fourth $XXX input minus X point quarter costs, expenses of we to or Based
million quarter, For net rate interest to $X be tax and our to the expect expect fourth expense be XX%. approximately
Given fourth earnings per call quarter to the for minus operator we share these or assumptions, expect like plus Q&A. diluted $X.XX back now $X.XX. the of turn I’d net
