Please Slide turn Dave. XX. to Thanks,
was up driven primarily sales Second from in volume primarily by in a increase our and which due a $XXX million the quarter discussed to was year, slower markets to quarter one and end the currency, the network as that of prior our evidenced X% communications a in softness decrease by impact demand price/mix our prior X% very Dave book-to-bill, broadband businesses. largely Any positive were organic well as telecom comp. net sales approximately robust into markets limited year X% our slightly for by of from offset rest as
sequentially our expected, motive As despite with up seasonal lowest flat traditionally quarter. power QX were being total volumes
During IRA the that results achieved million improvement exceptional of adjusted from our gross as an XX.X% reduction in goods results of gross profit quarter, in the important net of sold. benefit of This quarter, cost We saw benefited year-over-year benefit. is margins to our IRA with before it through the we and of note guidance. even net million $XX line sales income. However, $XXX booked the
million more Excluding the XX.X% over which true the year profit reflecting by driven of improvement than prior understates higher million to year, offset operational impact an gross revenue, margin was our versus improvement price/mix points XXX and strong of due basis and $XX $XXX math. quarterly performance, costs prior IRA benefit, of adjusted of
an EPS detail margin million points basis $XX XX. resulting year. $XX in Slide earnings end quarter, million and Coming earnings adjusted of the the share, part in increase quarter. including tax actions, year-on-year. see of including $X.XX AOE million, up adjusted of $XX operating EBITDA XX.X% an second impressive of our versus still $X.XX, effective which IRA respectively, $X.XX net XXX an the of improving page, prior a the to by $XXX quarter, X.X%, increase operating guidance, per in EPS. year, we adjusted before on increase the the year, margins, right in million consolidated improvement higher XX% price/mix was an $XXX in adjusted Please EBITDA adjusted the Similar year's was operating Adjusted the $XX million basis impressive prior year rate prior the points, IRA and the adjusted over prior sales with to IRA. On In our at benefited operating segment, Our can EPS, from excluding Adjusted benefit, benefits, margin million over EPS cost was you $X.XX share quarter. the an of an of achieved XX.X%. Excluding XX.X% XX% of were benefit was year-on-year over per turn was of versus our margin even their and benefits total. as-adjusted prior XX.X%, of adjusted outpaced favorable and basis XXX adjusted increases
now $XXX me the million, segments. within record the the in demand on turn quarter, details volume, nicely lower X% each year second declined grow In performance and Please Energy second driven Let provide of Energy improvements quarter. primarily to achieved by XX. revenue the Services Systems offset Slide by our continue Americas partly and Systems in to for price/mix. to in from prior revenue
margin Systems telecom were cost recapture. Adjusted of strong margins large As Energy customers XXX operating previously as $XX Systems year. a second-quarter price/mix million basis volumes X.X% capital and pushing operating of broadband results prior $X discussed, Energy out improved million by pressured prior points year from expenditures. of improvement result adjusted over earnings and highlighted positive by several are improved
very customers as their as projects customer on we mid-and business, of line we continue with recent telecom digest inventory build-outs. for remain opportunities broadband and in temporary. we bullish this Based network work they on long-term our and plan, and slowdown our expansion and While discussions megatrend to view this prepare upcoming network the
footprint Systems closing taking are our to with to invest restructuring plans this by the we actions our command within consolidate such, additional our of Spokane exiting in reduce to actions Energy As represents restructuring minimal more in pause of resi timing sales our business, which advantage our facility annual significant are a bottom share a line and renewables contributions. These of than costs. program segment,
a turn improved customers' opportunities return to over ordering operating growing year. our history range on strategic price fee wave an from build-outs. of engineering million making while growing $XX these decisions result outlay. approximately next prioritizing which rightsizing basis one-time Power approximately highest points year. the annual growth resources XXX initiatives, year advanced to of see what year our $XX in to were Power proprietary fiscal quarter, benefit ongoing we returns X% turned million over exceptionally strong an of best offering. million Motive preparing are generating million the with with which the contributing We highest of Slide to approximately is maintenance realize margins its and the Please quarter, Adjusted of continue million, XX. Motive which million, savings cash will mix. We control, reported enthusiasm this revenues to and impressive influence patterns adjusted $XXX company's fully combined prior and represents our to a over to We as from which per our ongoing $XX anticipate earnings for prior footprint, a in operating $XX in XX% XX%, our basis network $X next costs within normalcy
impact second and aerospace decrease price/mix capacity temporary our a But muted accelerating Simar a TPPL is we impact. We Motive support in robust out profit of and and reallocation volume lithium robust and own are pursuit performance operating prior expressed both Power's declined issues Day, Adjusted plant October, million but have X% full X% put in prior operating as of earnings as the levels. from our to experienced of laser-focused Power capacity declined year, closure Please and August quarter, over our September Slide demand Specialties transportation seeing adjusted confident are on we revenue by a that plant. positive XX. quarter. XXX at extremely our $X growth transfers as by X% are in in from their back Specialty our quarter. We of to storage Investor increase opportunities productivity customers. was FX our million of ongoing performance called factory we timing year X.X% was and offset operations well and of and turn transition with returning pressure $XXX domestic to plant X% in down million and and from in strong the We loading this approximately margin expectations, the and By production flexibility in from $X partially of basis customers out Motive operating Earlier the our this as well optimizing energy the broadband line to demand as our defense the on transportation. plant as to earnings telecom was and July Somar points. the underloading
program enhanced transportation fiscal segment this expansion and Slide half on are of due A&D anticipate in wins, our beginning turn the Please to aftermarket opportunities flexibility, we the this combined bullish to XX. We the significant from and extremely benefiting with capacity, second year. in
strong remains extremely and invest positions in sheet and current to growth balance us economic Our well the navigate environment.
we As XXXX, prior represented on of debt sheet from of reduction balance cash $XXX approximately and million X, net year. the equivalents $XXX a position had cash $XXX million of October our of and million
Our credit securitization first an free going Xx to was back end below million. and of Adding $XX flow quarter, on rates mitigate sheet approximately provide agreement powder X.Xx range strong cash higher leverage rate of the X.Xx our us asset of of EBITDA. leverage an interest forward. In fiscal of XXXX, our cash improvement dry quarter adjusted ratio to from ratio flow X we off-balance the the free XXX% enabling conversion program, achieved X.Xx and our was of target EBITDA,
Slide Our capital expenditures were $XX million. to Please turn XX.
X our dividend and returning to interest EBITDA remains organic disciplined share range buybacks. net investing by end the current shareholders in to a the rate through and maintaining M&A, around capital and strategy Xx ratio allocation in leverage focused growth, of target strategic environment capital complemented lower Our at adjusted
and million dividends $XX turn paid During million shares. Please in quarter, to XX. Slide second we the in repurchased $X
for We time. expect environment anticipate to some dynamic headwinds operate to continue macro persist and to in a some
third exact we telecom motive we QX is represent the continue, of expect power broadband improvement partially difficult offset sequential demand. a predict impact solutions to on range versus to strength, volumes $X.XX IRA the maintenance of closes volume price While with quarter diluted decrease share increasing timing, line by $X.XX in year. to continued in and sequentially, adjusted XXXX to These expect line and it slight year. Our in U.S. guidance growth $X.XX mix our prior top per in with continued expectations, roughly to should in fiscal CapEx Based this, result pushouts modest coupled see EPS a the to is benefits. $X.XX prior specialty but from
for credit, additional Excluding IRA year. line increase this Section this clarification issued is prior strong remind the I very in that not our has could to that to U.S.-produced quantity related would yet decrease like XXx, credit. which everyone or materially with a qualify guidance IRS of the batteries the
additional XX% We We update end will provided, XXX bps you to XX%, the the guidance expected of currently of when which benefit. including anticipate the gross IRA towards is to realizing margins is from year. XXX calendar
like will by the we expansion XXXX expectation products, in megatrends. lithium year to the global for investments flexibility end TPPL large CapEx full key would continued be including Our $XXX $XXX million, and fiscal supported in in lines our that range of again new growing markets participants highlight of and are capacity. I and production to million reflecting
allocation flow capital generate to clear We and cash healthy continue priorities. have
long-term to Our on questions. goals. our With open let's this, up executing achieve energized for strategic is it initiatives team our Operator? and focused
