will off start Thank compare slide will press excluding XXXX you, morning, special in Aaron, good with as that our the outlined segment fourth I items presentation. quarter and and release XXXX of comments to everyone.
impact in XX.X% At points from XXX XX%, XX.X% Aerospace sales fourth to the increasing increased to $XXX the combination year quarter. last quarter strong volumes, pricing and segment accelerated inflation million; and offset leverage Pricing the fully last higher on basis reflecting improved year, of productivity. margins compared Electronics, of of
demand and the core along increase indicators remain the supply chain that somewhat outpace capacity sales supply Aerospace growth, to in impressive with chain to generally. continues reflect Despite leading constrained, issues industry continued the the due we of rest
last to XX%. and Specifically, core core backlog compared increased year increased an orders impressive XX%,
very growth the XX% up military OE sales XX% increased total In military in growth. with up the impact sales X% Flow aftermarket of May and aftermarket Process sales from impact XX%, technologies, sales to X%. driven $XXX a commercial commercial remained growth by quarter, strong decreased divestiture OE aftermarket exchange. XX% X% Core for quarter and foreign XX% supply the increased with XX%. unfavourable from At and OE of Flow a at Process technologies XX% crane million
neutral the compared to pricing FX margins increased backlog of points XX%. increased year, quarter, FX Sequentially, operating pricing productivity increased Adjusted fully the primarily XX% declined and neutral X% FX X%, as prior core year, to continues neutral and FX increased well strong XX.X% neutral basis orders inflation. third core offset reflecting core reflecting and to seasonality. orders core from backlog normal XXX here and last Compared
XXX points Moving level sales as performance of million the X%, a sales, to last foreign improved of higher XX% the Payment record and by volumes Margin basis and was really offset another margins. by partially to a Merchandising quarter's margins very strong productivity, XX.X%, driven by increase same from $XXX driven increased X% team. Technologies, impact impressive quarter in pricing, in expansion from Operating quarter the exchange. core higher unfavourable
business, to growth remains and availability and the related FX continue gradual both with remained XX% also backlog core certain we but primarily Specific CPI indicators chain electronic to lead supply see to growth. times. demand Forward-looking very strong improvement the core neutral neutral components, constrained FX XX% in order
sales Materials, margins offset Engineered compared transportation RV-related points in XX.X%, $XX X%, building with to lower year the led industry volumes. production of driven by was and Operating the and increased to XX rates. Growth pricing line increased with expected. products down At sales as basis million productivity, partially by by prior higher profit
the on as liabilities separation. Moving August both had on a as cash as because related well transaction which million, of outflow and itself, basis, cash asbestos rules, one-time company negative results, one-time an $XXX divestiture to to we total treat additional flow asbestos the was the the of accounting from costs operating contribution free full-year
Excluding full-year guidance of million flow, our high-end cash flow cash those of range. exceeded $XXX items free the
structures so Our balance to $X.XX prepare million up is extremely ended net and We year sheet separation. our the comfortable we $XXX shape. in is post companies in as debt, debt capital very both set $XXX a in million good cash the with total billion for level
important earnings hope you have seen throughout it help our lot I guidance Now call. understand better will all turning guidance. to information on section. this our be A you to website of this accompanies XXXX our the presentation that I and to referring
quarter consolidated are We means the to after quarter the the place this will basis three X on reporting quarters reported on separate and take first track of be as we year, the following immediately April XXXX of a with pre-separation separation that two first companies. on
very is straightforward. operating For segment results, this
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going reporting guidance get concurrent we to company's each details are I the Before on slide into two highlight the XX, want changes we to of make separation. with
cost and reflects ongoing other providing economic of will we Service Company, associates. real for Crane in earnings. benefits pension to adjusted certain our costs cost at include First, benefit continue the to service plans pension
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contributed costs EPS $X.XX XXXX. can XX, pension in slide to you that non-operating benefit see these On adjusted
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approximately expect flow net at Importantly, free even after cash Crane NXT cash this by defined we conversion income. free as change, divided XXX% adjusted
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on So, that I'm for with XX. Company context start guidance to going with Crane slide
strategic Electronics is materials business of well and reminder, in has as business. global domestic growth Flow as this As comprised $X and technologies, Process about smaller platforms and billion two sales Aerospace the and a engineered
see X% X% leveraging chain. said, growth that XX%. and driving in with you positioned are XXXX, On With businesses chain very slide core the all only X% to macroeconomic expect assumes XX, ramp output conditions economy about supply we that profit can growth. well gradual permit. supply That continues improvement slow to segment sales to for we guidance if at overall This
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unmet supply that delivered have the However, chain by with $XX on XX% of improves. the depend chain to gets million sales quickly How how year constraints. supply versus $XX demand will end much approximately this growth, of in XXXX of million year we cumulative related would this
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trends, XXXX. given activity short into rates our we will assume broader slowing be macroeconomic cycle However, in does and order decelerating seeing guidance
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balance over $X.X $X generation very of M&A of have sheet, than capacity capacity cash billion billion and comfortably we next and more that M&A three the profile, $X time to in billion With separation at years. the
our policy be growth X provide do our the dividend, Crane more will a both expect competitive pay priority will Company Day. We on acquisitions. allocation details at on We but will capital overall that March through Investor and organically
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transient the the the XXXX The with XXXX headwind combination is driver guidance. mix for volumes U.S. our banknote from in along margin potentially government lower
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of $XX like is being [Technical include provided percentage sales separation on $XX.X. interest Company, primarily of in which items Crane post $XX corporate rate approximately expense approximately is costs rate finance thereafter. normal Just non-operating run expense, pro forma a of of a adjusted annualized Net of basis and and tax million, as related shares and approximately separation XX% a Issues] XXXX basis. this presented post on expense approximately million XXXX declining diluted
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and the balance With fairly the shift. quarters this currency of evenly the remaining three by driven spread timing is over
Crane’s will and XXXX separation totalling capital Slide XX Crane bonds post details additional the XXXX executive million. retain $XXX NXT some structure. about existing provides
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details will allocation at March on will competitive strategic We an organically policy Day. pay focus NXT overall the with both Investor on a provide growth do but X expect and through dividend, capital M&A. more that We Crane
expansion for is acquisitions. driving successful growth, message XXXX NXT key organic high with is record return and strong, in margin it of very and delivering durable a and beyond Crane that long numerous resilient business substantial track The executing a mid-single-digit on
continue growth, NXT forward, directly leverage near it adjacencies into while strong operational cash profitable and technology can leveraging deliver capabilities. flow where its differentiated will its to expand Looking core to free
Moving XX, corporate $X.XX headwinds -- seeing and post walk XXXX interest decline to we then NXT Crane for interest. XXXX combined NXT our relative continue we to show a corporate from like-for-like basis from I decline Those structure expected latter of from slide just EPS current our on Company. growth slight separation have for to and and the two costs post will to guidance over me, guiding our time. Operationally, and and operational reasons some guidance excuse is and Company known dyssynergies Crane costs Crane XXXX is to reviewed the a of recast $X.XX.
questions really That guidance wanted after to explain detail Jason was review and XXXX. but our any call. addendum with time clearly slides assumptions in ready the we bit the Please a to assist take cover, stands quite to for to and
Let's to Q&A. now get on
