today Sujal, in look around forward. you, for you, impact to we as how to results us time, everyone, Thank this quarter cover and what joining thank second real us our seeing and insights we're is expected
our When guidance. COVID-XX China, outlook, not initial ago living two the We had days we it COVID pandemic. global all through last impact are any we of expected in before the earnings brought a onset was environment our in include just did by quarter our challenging provided and XX and call about
to to results impacts, the customers the I'm our quarter. during we line the made as the meet were despite with very commitments as well shareholders deliver we pleased our the able expectations and in that,
into our thank get employees. I do before Now, the I results, want to
around operations global the of company the primary are our safety manufacturing with been As employees engineering and know, a we has world you all and concern.
teams appreciation the COVID-XX and crisis I to we would my to our like their were to our as customers dedication this also serve navigate gratitude out how to crisis. to figure for and effectively continue as they trying express navigate
that this think few stand out response in A our I things crisis. to
a as were the company safety our our prioritize strong we while of execution First, demonstrating to able customers. employees, with
customers. other service remote engineering Our non-manufacturing innovation and adapted ensure and to to our customer online well teams and service work to
quarter. to and In relatively we I utilization increased also plants levels operations resiliency. steadily our back believe we minimize brought the considering impact China, the in demonstrated environment online quickly the
All of North our manufacturing we in Europe factories are in and Heath where America will open and and a little in bit running later. section in his are China highlight
believe continue to I about conditions. lastly, adapt we it us demonstrated to ability gives confidence agility, And to our and changing
proud of our in the team this employees over this what few Our past confidence I and customers the the of communities, We'll in about what out months, each in been of am extraordinary months but resilience we me few flexibilities position have coming other. seen our more next our expect And quarter. supporting talk and crisis. performance, I've gives in
segments. earnings today's with So our begin of that the was across they'll and the above and and per X our all talking high our I'll if me you that sales with slide points performance key of in line frame about let end share were could, three on range start of out We guidance results guidance strong call. adjusted delivered
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flow business model engine is we that ample part free cash have and point liquidity. this. in of a strong A is key resilient that our key is periods our like Another strong balance sheet is
We of have liquidity year also billion free billion and of available. flow of this generate expect $X we excess $X.X cash to in well
Also, greater COVID-XX as in impacts particular forward we of in related second as aerospace our in Transportation market. the future do business with the see as look to there half visibility demand. expect commercial in market We is weakness well limited
two estimating As our into sales a three result, approximately we quarter are could that be from down our XX% sequentially quarter levels.
crisis, no look TE plans and and to And we crisis, our we'll change we've with strategically. where you. margin through expectations position lastly, there as about the the we beyond get I'm excited is do convinced remain expansion we the shared
footprint weaker-demand to environment. additional while our light improve reductions execute We earning by to accelerating in power cost plans, expect consolidation the continuing of
markets stabilize which China benefit in broader to well our to of in from automotive a as we're growth, return is recovery and and a do recovery markets. as When well XX% the business, Transportation about positioned
underlying flow thing will enable other growth from end-markets. to benefit will the we great invest And trends the where TE. continue content we across that, is the that's we versus businesses opportunities to our with And secular cash in and continue outperformance to position
to So few in could from the highlights if review slide could, additional turn appreciate four if in -- a and I'd to and X you you I'll second get quarter.
a with of organically year-over-year. guidance. X% were billion reported line $X.X And basis and it Sales was in our on down X%
we saw sequentially. Our of a And book-to-bill X.XX. orders grew
in reflect customers orders of chain are supply-and-demand supply components uncertain environment. our that an And securing these
the the quarter our started fact were in quarter. higher orders than we expected we In when
to late a businesses slide. the certain we I falloff think next point April. orders in in key did the talk is And in I'll more, quarter, that discuss continued that into I see which But a when
our adjusted high an in by of teams the our of perspective, the strong execution earnings exceeded segments. From our end $X.XX adjusted of guidance, operating per And share driven XX%. all above margins were earnings
up quarter, shareholders And model, quarter. flow during free reinforcing versus second million, our $XXX earlier the And the approximately prior million being to returned approximately was $XXX cash on comments year. XX% the my cash-generative business cash in free flow was year-to-date with
our to our remain forward we'll to uncertain Going of buyback in plans market light evaluate the continue we committed conditions. But share dividend.
As quarter to of three, a forward, guidance we for two. the compared we year. we are But withdrawing high-level as look view are our full providing quarter
the believe we could fall decline. on sequential our that to revenue XX% down with operating sequentially the For through roughly sequential a sales income XX% quarter, adjusted be approximately third
order This with we're trends the will driven chain with reflects market some supply corrections and weakness aerospace the along seeing, commercial discuss. markets, primarily and that I in inventory Transportation
remain content growth of or opportunities drive while in invest execute consolidation market continuing can't we control, how to plans, our impact customers, and committed environment the While our levers footprint on we we the to TE. to can will reduction COVID cost and the long-term influence
turn get the not the what X quarter me let So quarter slide order to and since also please trends, end. but to seen only we've in
$X.X orders were supply components billion customers in and stronger-than-expected quarter, of For as uncertain supply an secured China. the second in chain, at particularly
in with levels impacted shutdowns While am the in China brought early quickly by impacted minimally of quarter. online. revenue February, pleased I was automation back the COVID-related our we the how factories to our high in XX we were Due
as is periods were we believe customer our that maintain demonstrates our both for as And well labor manufacturing with to TE core differentiation, able our this production source customers. of of a capability meet commitments, I shortages. to even
for one the As sequential you quarter the laid orders two. on and we've out can quarter see chart,
in So, two. quarter actual I'm as much spend not time going to on numbers the
late of more want through March But to seeing COVID. and we're spend picture Americas accurate provide going the being forward, what on I in to Europe impacted April a demand were by time as
In April. in Transportation, we saw March into in started a orders Transportation commercial both and that continued late drop-off of auto and
factories closed have customers our in and starting know you Europe America. North As late March,
commercial the discussing, also as well sure the in the In closures am saw I you've of some announcements erosion when can plant Industrial, orders production of assumptions seen we return. aerospace. as
Defense our business. of And of Medical business, ongoing in Energy orders world. had we our services energy and the business, the power our But strength business utilities our
and demand devices China out we centers in Communications, as handle cloud-based as high-speed and capacity for well traffic data have further storage seen build as In increase recovering. applications, stronger the data to data in
New China, COVID XX% which Year our have in of in occurred basically into and the pre-Lunar before levels, April about our outbreak China. sales represents returned orders and in And to March
So in are recovery businesses. of our many a we China, seeing across
how X. chart sales we And can our turn me that to to frame connect trends let of is this new you. three. for So a slide quarter included these view And I
highlighting on this sales put are into assumptions and sequential major buckets. the but three the approximately slide, puts-and-takes of businesses decline Directionally, into to quarter some from are We these drivers do we expecting to our we quarter three quarter highlight different XX% of want in to capturing I two all four and the quarter. sequentially our aren't we
This quarter from vehicles to by the do million first bucket expect with auto globally production decline production which in the XX vehicles company is produced the will is second produced X/X of production. in sequential auto globally revenue. in view. approximately our We decline million auto quarter in XX sequentially about drive line around being total approximately third half to decline of IHS' The
to The of the second large commercial production expected due is bucket lower in X/X manufacturers. an aerospace approximately by reduction airframe market
really related. So these market first two buckets are
supply with a in talk production there sales, is and of well about bucket third The I'll ahead that customers second chain. around the component the our build was by And inventory auto our auto quarter quarter.
as bleeds expect a inventory customers million off. should inventory third be quarter result, our a and of we the in As by adjustments approximately effect this $XXX temporary that
of outside of TE result fourth due bucket our COVID-XX, auto. number a a that as customers the government chain to and temporally impacts actions. factories supply then have are shut down And covers of
a approximately as $XXX our quarter. through chain We other expect to supply of a this resulting the this the of cause impact million reduction number and we businesses go in will disruptions quarter,
near-term to pandemic. seeing to secular upon But leading market the trends highlight our businesses term, based the I longer to positions we benefit built. that to we've across we're want impact expect due that the broad is continue from this
reference. verbally. segment turn the touch discuss provided now briefly me full on I'm let to the details quarter seven-through-nine slides, you your level we going to So and it with in for high just results
sales were organically business. production down XX%. were declines each of declines global In our being down organically X% sales year-over-year X% with down with in our Transportation segment, Auto
performance driven Our well was by of chain growth. relatively factory customer closures, continued as ahead our supply builds the of benefit content stronger as
our of for market a continue production electric increased to hybrid expect volatile now. vehicles features demand we which time continue in we've we While, environment, adoption quite of outperformance are had and that some will ongoing autonomous and
I to which sensors, First financial quarter. our completed included recently acquisition we in third the be beginning will in results highlight now want the of Sensor In that
declines Industrial as the X% segment, market a of saw commercial organically and in result the we as weakness. In aerospace We expected. our year-over-year sales industrial declined equipment
and in stable continue the to move stability businesses seeing are of those expect the and year. to energy we through to trends defense medical we underlying due However, be positive as rest
in as we high-speed data and our came margins the quarter. are applications growth in and seeing declined we expected. second In quarter, continue this into cloud And and sales expect Communications, while devices in third to and
over So Heath third the back quarter. financials as me backdrop, to and will let get and expectations the cover with a details turn our on that into for it I'll come more then who
