for everyone. morning, you good joining. and Thank Yash, you, Thank
we great We’re despite our full for a expectations for backdrop. in good was pleased year XXXX accomplished fourth deal, report to XXXX. strong to a share challenging results which and our a and It quarter year
energy first year we developing strategy These managed and all against was promptly a of at clear the and as them. to objectives. the shows our shared of Solutions, seen focused tested on were X difficult environment in we our the Element our laying most entails communicating a macroeconomic vision, achievements culture. decade. right foundation Slide support as ambitious we solid lot we’ve last and and growth through That a It the beginning priorities and cogent year a set
that focusing things. Our on the we’re results demonstrate right
by sturdy, was mix, markets our cash delivered continued in business our this basis Despite is decline, to free outperformance X% down full our resilient, We diligence X% operating the sales more we and This leverage. growing savings, flow. cash currency end end outperforming and in increases organic year all that EBITDA flow. cost a earnings Positive XXXX, meaningful its of containment estimate markets team organically. on Our was declined grew this and free were business type contributed we’d and EPS expected. and than X% constant cost our and adjusted on adjusted corporate while
And a cash price our hallmark proceeds in Arysta macro we generated we amount funded flow prudent acquisition business. despite million. value buyback backdrop, sale, Kester, advantage free in of share allocation. fully an and capital XX% is dislocations December. program, us record Strong of share to through outstanding, the We commitment which of to creative the took repurchasing demonstrate and announced XXXX, we shares from opportunity gave our our tuck-in the $XXX cash the This, of
be we believe portfolio new is will a was interesting capabilities better at importantly, markets, attractive part available for type is existing with is business offers to of expect of M&A, aligned of of is Most our high-quality criteria. a case for middle our study it. a than business great the as acquisition from should This end Kester fairway ESI. measured, you and company value. an outside this It strategic the our
of excited We’re the welcome employees as family. ESI Kester to the of part
OEMS. for and out commercial many and projects, our continued and solidified strategy advanced invest our we branding In certain in new and to business. We innovation customers service multiple centers additional our electronics built we partnership We markets, key automotive. technical in in XXXX, with
business Our we and long-term of always part spend process, are focused preserve will grow Despite operating appropriately XXXX, invest strategy. expense in million R&D responsive flat. to as and customer approximately our what reliable that product roughly and business forward, of $XX of was service development, our our taking out drive R&D
by million, X, important of markets. quarter fourth Slide reported $XXX in organic X% sales in automotive Moving of an million markets, the reflected of to weakness, line trade performance certain were and resolving stabilization electronics which heartened our signs in basis, net declined progress EBITDA tensions. expectations. with XXXX. like Net we year-over-year $XXX We We end continued highlight primarily largely in on industrial of in adjusted manufacturing and sales our
in has However, that QX the were the been our we QX. of We a levels levels still recovery of of below and activity in saw far coronavirus the but XXXX emerged in context particularly believe beginning XXXX. has there cautious extrapolate are to results, in end demand,
situation essential Hong our around day, is staying travel health the in Asia Asia their in to safety. protect drastically To and Singapore rest and China, attention, people people, very the we foremost, the As within Kong. and are people we to shifting our and China of only and working coronavirus paying limited our every offices in close have first and
in are employees and All after requirements. of holiday travel. their health or under local strict have quarantine not they’re holiday New Year operating have national their our who from increased with returned and have compliance reopened, home still We facilities many
end in Electronics, declined year-over-year and electronics Americas weakness largely organic quarter, Asia. sales fourth net In in X% both assembly the to due market
recovery as and a high-end automotive-related which Korea. well. by unit for underlying this memory Strong Circuitry fourth quarter customers offset high-end Sequentially, over trends was partially but in in electronics, the mobile volumes third into quarter phone China disk January year. impacted a remain markets coming to for the in in positive stable, markets Europe, of sign Soft carried the demand was
and offset and overall with growth and semiconductor infrastructure organic Specialty, growth X% declined content by & broader automotive was in In declines Energy. Industrial were offset continuation as graphics Industrial weakness Semiconductor organic packaging year-over-year a net sales markets. customers year-over-year the modest sales in electronic as stable of net XG ramped
in EBITDA of on basis. reported XXX a on fourth Adjusted constant a grew containment result points X% the and currency corporate cost basis continued primarily was Margin and basis a expansion realized X% quarter of cost savings.
cost. balance SG&A our execution half team performance Year-to-date for variable XXXX, avoidance. consider full our and reflects cost to with year which This the discretionary as remain disciplined the we flexibility million year-over-year, cost $XX by and down of is the good as savings, of structure cost approximately on
maintain discipline, support do we cost some reported $X.XX cost but growth. adjusted We fourth As of to to expect the return we will in enter XXXX, quarter. organic we EPS
results. X, to Turning full our we Page year highlight
resilience for year results production high-end of highlighted reported XXXX, net declined increased X%, and adjusted our key constant manufacturing billion, a end on global sales mobile declines midst we currency of the and environment. difficult in year EBITDA the fiscal EBITDA $X.XX. $XXX adjusted and million weak These $X.X phone of XXXX outperformance of context an in adjusted the EPS a For was we markets. in X% shipments overall sales evidenced have basis. net Organic at and automotive
a Our improved of and taxes, capital, second meaningful area working with better-than-forecast QX. free CapEx growth importantly, our focus having interest, which coming the half year-over-year exceeded out cash been in expectations flow after
improve Two-thirds this this maintain and said we reflecting margin with expansion cost or from from our containment XX.X%, were expansion We’ve proved initiatives. cost mix of margins of gross margins basis and in the manufacturing EBITDA XXX flow adjusted margin year initiatives, balance XXXX. and cash came profit in always associated and improved Full business that with points. coming difficult and some would supply generate strong chain environments, savings
will and provide market our more our to trends color on Scot each businesses. With who Scot? it that, now I’ll COO, turn for over of Benson, President the
