us fourth quarter QX our by the our an of Schull, a XXXX financial for results. including you, our Good XXXX and CFO, joining discussion business call. of I'll with guidance. you of with will XXXX fourth our performance a from our quarter afternoon and quarter followed review begin conference follow our Sameer. strategy QX for Thank thank highlights Todd overview
will We questions. open your to call then the
to year-over-year guided that aerospace XXXX and in declines of quarter cellular and revenues Strong year-over-year the range. markets. EPS computing defense, I in other the report growth above TTM in offset am pleased fourth commercial generated and
the QX, despite In aerospace sequentially in in recovered and addition, driving with and business we execution from commercial in challenges revenues. both operational our solid margin defense strong QX improvement flattish
cash discipline strong to flow Finally, million operations financial a quarter. $XXX.X the from drove in
flow in to from XXXX $XXX.X $XXX.X profit despite compared year-over-year. in For was the operations million cash million declines year, revenue and
markets to exposure we longer-cycle for volatility. markets, Two which This historically was reduces to weeks on divesting a allows mobility $XXX ago us a we cycle which been seasonal to consortium to announced have business our focus million unit product short in AKMMeadville, be decision that cash. prone will strategic our and Chinese and consumer
substantial our In cellular it market still but meet making slowed, model. challenging to growth capital requires desired addition, investment, business has
our we and This customers. expect in and close. invest long with more of to on resources had will transaction to expected to buyer in investors the to details well to is discipline and towards diversification, our end capital that support cellular of and synergies associated differentiation the customers the plan to transaction the find We strategic proceeds employees TTM, were that close this in provide closer invest Company it to will as received end pleased as a The unit. our use to with focus the the business off product aligns market be towards QX X,XXX proceeds term, and our with pay We QX. for the debt reduce and
our of situation in coronavirus the health are our carefully priorities. the We in monitoring as put employees also first China we
line delayed with requirements. days on New plans XXth facilities to restart Our in by have operations nine February Year start-up of average government with post-Chinese an their
have disease through regimen for from such facilities, measures. We implemented protect sterilization, procedures masks incoming for regular and as all employees provinces mandatory our the facility our mandatory the and a of in in to employees impacted spread quarantine visitors, temperature from our checks the employees returning facilities other
corporate We communications to also our task at regarding level customers a force established any production. have coordinate with impacts the to
ongoing our best incorporate for our the the to guidance first extended production done impacts and have in the potential of We shutdowns quarter. impacts
we will differentiation. focused strategic and goals operational on on and our aerospace end particular, markets. as as path meantime differentiation remain in the will automotive our and In the we continue In well diversification defense of excellence financial towards discipline and
in aerospace see of and the to significant defense munitions missiles are which continue to are growth. focus systems and areas expected our radar Two market. strength We lead and
the at grow armed AESA the expected With array all AESA is germanium defense radar generation across market technology nitride an for the scanned of of continued gallium to adoption and for -- an at radar XX% services CAGAR. represents or silicon and technology AESA next stands the platforms, electronically next-generation based average active conversion radars.
from in the and design defense fixed AESA which components state in and radar. our allows RF subsystems mechanical of leader manufacturing the for in increases AESA range, This positioned radars is benefit radar sensitivity, performance to defense greater programs and accuracy and as technology TTM and to traditional capability. turn well solid customers upgrade systems is detection
than being years, a near tailwind strong our the Defense programs while with next will defense provide strategic alignment strong spending program number robust strength over remains is term which driven by few more XX. which
and new driving end of program X.XX% $XXX book-to-bill significant of backlog of in was aerospace a ratio XXXX. and market business a record $XXX in and Our at milestone $XXX QX for defense million, our the XXXX to A&D level QX our the the million of fourth exceeding quarter A&D million
dual focus revenues broad a the design major level. base on team's requirements in our achieving We commercial supporting QX, build aerospace year-over-year and and specification defense capitalized new both trends aerospace defense of market customer Our positive across grew through and a programs. on XX% print record
in we advanced an technology addition, center announced manufacturing of York Wisconsin. a New and new Binghamton, facility Chippewa In the Falls, opening engineering in
of Following and from employed defense our technology previously property intellectual iX, extend portfolio high-end experts, Electronics, emerging number applications and strengthen a capabilities the by engineering and for of assets the commercial and patent our hired manufacturing to iX we markets. aerospace for acquisition
driving, we the advanced electric related Moving and on requirements. continue develop infotainment and vehicle business, vehicles, programs and hybrid safety increased megatrends automotive to our and positions new to autonomous to connectivity of
new adapt of building there above Our be electronics amount innovation will of technology-focused our Because this goal world to business of innovative a the in trends also existing to customers be customers. as industry. a they set continues macro while to automotive new support tremendous the with
which revenue, and revenue to lidar XX% XX% In includes radar, compared XXXX HDI, our revenue of of advanced was in technology XXXX.
well Our well with the In engagement design which market, million begins ramps. bodes automotive million, $XX we a $XX revenues. value quarter In robust, of automotive related. lifetime were future for the won a activity customer remains designs program of before product which new XX ADAS
of year Designs are in the XXX years. For revenues XXX we contribute total this will year, in captured XXXX. design future wins, to winning that we to compared a
the business near the markets. as transaction. Note Now, of give review that forma of plan to inclusion end market We my close the reflect unit. we our to end pro I'd mobility comments the will like expectations
end quarter and compared and QX total of defense aerospace TTM QX XX% XXXX market to sales sales of represented XX% of For XX% in XXXX. fourth of sales the
sales in represent We about market end expect total our QX this sales. from to XX% of
programs. high a defense aerospace year to market XX% and full and record to XXXX, In growth spending defense outpace increased reached multiple expect X% increased the new to as projections for and of we benefited from For TTM X%. continue demand
quarter to and in of XX% XXXX. XX% in accounted for The QX fourth end cellular in compared XXXX QX the phone market of XX% revenue of
to declines. represent revenues expect We QX seasonal due in cellular to of normal XX%
XX% to well from declined of in market For reduced as better full XXXX growth inventory market. we inventory as prospects slowing our customers by in XG, managed and X% expect a customers year grow XXXX demand as in forecast X%. above to longer-term to cellular XXXX, Due smartphone management this cellular
in as fourth we as China accounted States of customers spending third impacts quarter we networking shipments year-over-year well stopped expect as for be our revenue as softness Many revenue declined the fourth between in trends This of service of to from US XX% continue. wireless XX% XX% and these to Networking/communications provider of of telecom United the components to and this made XX% in trade In of due the XXXX. of war QX of the quarter revenue quarter XXXX. segment and the Huawei. to during compares XXXX
in growth to anticipated For to we the soft XX%. longer-term expect forecasts X% X% of year in to Due networking/communications start half, first the market the full below be this declined XXXX.
weakness to to XX% represented EMS diesel year-ago sales due during total XXXX, actually sales automotive sequentially. flat was the XX% The sales declined of the quarter Automotive levels as third sales XXXX. the quarter and in in business from XX% of our and Europe during sequential business PCB decline was Automotive in year-over-year result quarter fourth a of China. the of compared products
result New Year. expect be sales as We post expected contribute sequentially delayed PCB Chinese a down automotive to to in of sales XX% total QX of a with start-up
below we due longer-term more softer soft In China year to expect EMS as PCB of mostly For our XXXX gains segment. Europe offset as the in full automotive of forecast market anticipated in X% than to X%, a in volumes the declines and significant XX% start, be result declined unit content. to the
were end fourth and the customers, computing QX XXXX in data be We to total business represented in tablet market in divestiture. included in in the XX% pending Mobility sales by compared Sales notebook in and and the revenues of laptop high-end quarter of computing, storage, saw in sales. center QX strength approximately XX% third of declines semiconductor XX% will in unit partially of and The our revenues XX% offset quarter the XXXX. peripherals
to this end first XX% sales. We expect revenues represent of quarter approximately market in
XX% declined computing year, saw declines as full data the center For our customers. across server we
the growth our in quarter compared expect The instrumentation and industrial, our instrumentation total to center expected XXXX. to market to end fourth XX% saw sales that declines quarter due our offset in global of a customers the medical, X% quarter primarily market year-ago customers. weakness by of due contributed the X% demand. in In above to of the to in end in XXXX, recovery third and We strength our XX% semiconductor customers industrial XX% data was industrial we in be in
revenues. the For be market expect to quarter, of this we XX% first
impacts the X% momentum due to driven For with wars. year X% development new by be to and full from customers line weakness the In in growth to declined business manufacturing trade our activities year-on-year expect activities and customers with from large XXXX, customers. with industrial we reduced MI&I X% forecast from our instrumentation
quarter. fourth the from details some cover I'll Next,
advanced rigid our year-ago quarter, growth technology our RF XX% and subsystems for in This accounted and year-over-year in business, the HDI, XX% which substrate During components approximately and were revenue. compares to The cellular QX. a end increases due includes to combined computing approximately the and of our and sequential flex, in markets. Company's quarter XX%
new will customer opportunities to capabilities business in in markets. to XX% and advanced our was continuing pursue in quarter QX. are utilization XX% increase year-ago technology Asia-Pacific activities leverage engagement in compared We in Capacity the and that design XX% QX new
and overall America was compared year-ago in in quarter Our utilization QX both QX. in North capacity to XX% the XX%
XXXX. the top of quarter contributed and XXXX, compared XX% sales in total of XX% XX% Our to year-ago of quarter the in five third the in customers quarter fourth
end the of customer fourth QX, to compared year-ago the the accounted quarter XX% largest quarter which the QX. At our was $XXX.X for and is $XXX.X of in versus million million backlog, sales end in of subject XX-day million cancellations, Our $XXX.X to and of XX% XX% quarter the end the fourth year last at QX. in at
PCB Our ending December the was three for X.XX% ratio months XXth. book-to-bill
strategic commitment conclude and to focus. like TTM's I'd to emphasizing by discipline operational
fourth flow by we a commercial executing in maximizing in revenue strong of year had our our terms managed challenging end our quarter. a While and business markets cash we our adjusting declines well structure, cost
iX, acquisition strategic unit. of differentiation made In the and assets of we discipline of diversification, progress mobility Anaren initial the on the the acquisition revenue of and synergies from our the addition, goals divestiture through business
electronics from facing the increasing secular we benefit challenges use of as to RF from such the and technology, While are coronavirus, and industry. XG wireless increasing term defense short-term longer electronics trends content automotive in aerospace we expect
our review will quarter. Todd Now the fourth performance for Todd? financial
