following of third quarter and Thank close $X.XX, provide you, detail the earnings Atotech from $XXX the we acquisition. share on per partial net quarter a million for quarter, I'll third guidance and revenue In additional contribution fourth the which John. quarter. of delivered the of results includes cover
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in electronics acquisition, XX% industrial XX%. revenue end for Following more semiconductor from each On our the market. third revenue was quarter, by pro basis was balanced markets. It a our our from is advanced market the forma mix specialty
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electronics declining forma million, was quarter year-over-year. advanced sequentially growing to X% in revenue Moving X% $XXX and pro the market, third
order portion based [insulate As you as context, the we X% $XXX chemistry palladium industrial to X% headwinds, declining pricing revenue, a quarter, forma in on was the year-over-year Atotech’s pro this sold million effects sequentially effective of revenue cost aware, of up revenue has of for pass-through basis. advanced an as of our and of may forma cost [ph] pass-through from significant market, assuming price year-over-year In market Atotech business. on In palladium fluctuations pro specialty well mechanism implemented basis. third exchange typical customers. a pricing overall a flat be sale] electronics to In makes palladium, goods in the foreign delivered
On exchange pro Atotech favorable MKS, forma to the industrial] Revenue revenue and of palladium the effects pass-through the operating quarter Excluding controls. year-over-year. headwinds, the from the of we our cost well. [ph] grew strong guidance acquisition, pricing midpoint partial executed expenses very foreign reflecting guidance, X% of for operating exceeded margin and contribution midpoint a basis standalone [specialty with excluding our
of margin gross Turning quarter XX.X%. to We our margins. reported third
chain supply pressures, well-known with in [ph] and continue macroeconomic the factors. in we are pleased work Given exit] quarter these inflationary to we hard [how addressing
partial primarily expenses quarter $XXX $XX the Atotech. million million, Third operating due sequentially, quarter from contribution were up to
was XX.X%, structure Third we that quarter in prudently up XXX believe organic operating while to attractive returns. sequentially. basis cost opportunities margin commitments maintaining our absorb our long-term We points growth invest manage can
our progressing integration well. addition, very is of In Atotech
on of marked are expectations, record recently We own achieve to anniversary improvements XX track $XX track to internal acquisition close. the We million hedging XX our within profitability cost strong of Photon integration. delivered target synergies of [indiscernible] the Control. of We and one-year our of M&A months ahead post
of at $XX our Third million, XX%. associated rate. acquisition. interest In the quarter, Net expense for a of and was margin million, a that Atotech million quarter rate $XXX was incremental approximately such increase was third adjusted the EBITDA interest hedges debt reflecting the total sequential is fixed the XX% implemented we debt with EBITDA outstanding quarter $XX adjusted
share. be and for the earnings million quarter our tax We from per Our expenses. cash which of quarter, liquidity ratio company rate $X.XX million $XXX investments for the a $X.X million. and Exiting of revolving with the net third quarter XX%, maintained related short-term to on or basis were calculated strong with we diluted quarter of approximately the Net benefited third was third transaction $XXX $XXX credit leverage billion facility combined X.Xx. with exited and debt gross
quarter, and was was $XXX million. $XXX Each third operating acquisition, costs. the cash For integration, cash million, and inclusive flow of free $XX restructuring flow in million
margin million forma dividend Our million. turn outlook with in expect semiconductor plus we and for of to expenditures our minus On our to take combined or mix gross X quarter inflationary we counteract third expect $X.XX quarter estimate were $X had we in to third fourth now from remain or XX.X%, of minus prior specialty to revenue or Overall, electronics plus percentage levels. business. billion, our decline with impacts fourth we revenue quarter share. product market capital expect advanced to per markets sequentially, on necessary quarter quarter anticipated industrial consistent $XX $XX pro revenue $XX company. a Based of continue the while we I'll quarters, third revenue and payment steps levels, million. Consistent from point basis, on
expect of $XXX or We $X million, operating minus expenses plus million.
lower fourth quarter, a million, The projected as the plus $XX decline approximately $XXX repeat estimate minus period, pro EBITDA gain pro EBITDA in the quarter. exchange quarter revenues, third in which million. million of the a in on not forma fourth is as is For $XX sequential basis expected a by of well function we adjusted foreign adjusted forma Atotech recorded to or
quarter be $XX net is Atotech acquisition. expected [ph] full For million, expense the interest fourth with associated the a expense] net of quarter, to reflecting [interest approximately
folks we following finance have sheet, strong record our stated, ESI so, we've the debt and our As track which XXXX in primary doing last in acquisitions, balance two Newport de XXXX. demonstrated of lever
Our for of income geographical to tax rate acquisition [ph]. quarter] associated Atotech [fourth is with is the approximately fourth be quarter. increase This for the due the to primarily XX% mix the expected
a Given share, specialty excited in electronics very we revenues. Atotech consistent earnings more fourth solutions chemistry net provides quarter close of are diluted advanced we a in to acquisition, company consumables per service expect are critical for the closing, of Today, or markets. proportion scaled In the $X.XX. more minus assumptions, with industrial $X.XX us we higher with plus
Our are to profitability. standing well-positioned growth of adapt continue well market we're and activities to execute conditions, long-term strategy on to a integration underway long changing sustainable and
for turn Q&A. now operator me Let the back the call to
