In Ashish. million, X% to up X% up year. and sequentially sales our last $XXX fourth increased from Thanks, quarter, the
For were XX% by the of XXXX full solid. driven quarter's from year pandemic. XXXX, performance sales down The lower impact the was
we However, the enter and semiconductor robust for as XXXX new monitor recent the we consistency any operating are pandemic for and cautiously recovery. our OEM of shortages disruptions, customers
manage resilience we COVID-XX. our greatly continue small safety conditions prioritize as market effectively the the to delays crisis, team's progressing, senior year. announced The commitment strength unprecedented year of leadership last restructuring to and plan We to well their these us in navigate was as due ability through impact past the helped with the team operations, this our of
to planning EPS XXXX. still excess second annualized the are deliver an half of improvement We in by of $X.XX
for locations sensing and industrial The analytical are Philippines. acquisition variety portfolio, products serving OEMs the welcome and revenue I'm neonatal medical. More to a and pleased importantly, slightly the The and of has freezers, to complementary the growth individuals and fluid lab including in SSI talented focused investments $X growth, less CTS' that Sensor priority. temperature sense, markets. excited defense high-quality The Growing XXXX. reliability remain business sensor is our medical, strategic is annualized We on Scientific expands and our that growth move of our in products SSI medical our our team warmers revenue. connect of for Sensor manufacturer on planning range than ahead. many of with in our we're opportunities leveraging used the precision fourth applications capabilities recent applications, in expanding a and million. of of instruments. thermistors and the assemblies, CTS presence a equipment, was Sensor existing has Scientific. acquisition purchase expands in the of and building as to quarter in our range performance Jersey platform, focused addition Fairfield, price is the temperature by and returning require Scientific's and Xx part New on in
passive New in million added wins X quarter: with customers safety in the OEMs. telecom. quarter. were in X business In $XXX new awards were and transportation, We medical the X for X X transportation, we in awarded sensor
large builds of North a vehicle the for last safety a electric a for on with application. win wins the passive we American customer recorded electric One momentum This was trucks, quarter customer CTS. with new Chinese
have of these several few North hybrid and plug-in module A with across wins OEMs wins Europe America. platforms. accelerated We on electric were China,
added a also Chinese for a Asia passive We accelerator safety sensors new modules. new in customer for customer JV and
engines applications to We are from EVs. products by vehicle are continue to impacted and that electric focus transition the on technology-agnostic not combustion internal and
sample XX% advanced were and to temperature our as Chassis our defense capabilities, Height In and our Tier projects and and vehicle the Denmark new of qualification. electric leverage awarded. of in footprint wins current, customers the EV with in Czech next-generation the e-brake, X in pipeline business range Europe, continue are currently for Republic innovation we in as year applications Total New in Ride well sensing Sensors.
We for a In addition, next-generation funding we agency the the in European quarter. ceramic materials. the awarded softness in of market saw development fourth from were medical
applications and in we ultrasound a for with are business one the customers period. in renewed X multiyear progress making with quarter However,
application. We a EMC in electronic to application. a secured for a application and had sensing, pool win we a secured win microactuator apnea with With temperature orders In wins well secured continue medical a in temperature other for as control we sleep a application components, and we X-wheeler also Asia, win applications, a strong. In throttle spa which for as application. sensor be
had a temperature for satellite HVAC and application. win We in industrial a also wins for
in OEMs applications design reference enabled our and the quarter. XG was crystal Building low-power product is X/X pipeline position. product M&A in by We strengthening precision designed is a More provider. recently, shipped samples by with and XG We our million are of customer. telecom telecom wins frequency our a secured The application for with in new largest January, also large gaining sample American to our a priority. in momentum testing product, North for selected linked India's
geographic future of While of market this continue with range actively earnings. more seek the while COVID restrictions, to products, to in relationships strategy. companies expand diversify customers is building challenging our line due We quality profile enhance the we we to with our are and and end reach, technologies, our
fit with XXXX Initiative Focus strong we valuation. customer strategic the sheet, an Given The seek have and we balance the on gain our to highlighted emphasis has which stronger previously relationships. building momentum right important
on our capabilities this part As and skills. to continue initiative, of go-to-market focus we
line to responsive to quality are in the and optimize solution-oriented, sales be funnel, align our working improve core We functional of areas accounts values. more our target the new our with and
into current progress expect demand. we the and quarter customer of a positive first As XXXX, quarter first given we've good a seen start
I earlier, unexpected pandemic cautious the full in shortage. remain the As disruptions we for supply and year mentioned semiconductor chain current case of
in have recovery of demand XXXX. the been monitoring in pull there may given demand this consistency are some forward in We
higher confidence, we of We unemployment time. are consumer the not though backdrop are it depressed economic aware experiencing of this and potential and all for at the
these COVID-XX freight absenteeism commodity We our and charges, projects. due increased to of offset continuous diligently are the higher impact facing working with some headwinds to on pricing, improvement
We to range. targeted expect our stay margin gross within
XX For light-vehicle approximately are the of million We X% levels. of supply some there the in market, some OEMs volume region expected of in XX days. is unit days, the are U.S. days announcing million improve at now control reasonable currently unit transportation On-hand million the to given to lockdowns to average throughout below X-year recent XX range. European forecasted XX volume is reductions. with the XX see inventory level, sales million the though uncertainty XX
soft market lower. lower, is good an elective the European has volumes see trend, and markets. in driven range the and growth Larger fleet solid, market XX XXXX defense to by this on started commercial due million to is The expected backlogs with are is vehicle the XX deliveries. which exposure last to heavy-duty in We end driven by market of market remain been medical the unit half lower increasing the improving demand The is remain industrial year. Our in expected million in Chinese in to year. increase In orders. surgeries. e-commerce to mid-range first The
the terms XXXX, adjusted guidance full of we of in million, $X.XX expected In be $X.XX. of $XXX range the to range to year for expect to to $XXX in earnings are be sales and million
We are closely the level broader COVID-XX, of and economic disruptions the supply impact of activity. chain monitoring
effectively navigating culture. on importantly, We more and to remote chain expect range our innovations, place improvements, customers, this development, products and year the progresses. the results-driven narrow environment, our continue we working monitoring performance emphasis as connecting with to an and supply In
employees operating safely. demonstrate continue to year. support while support tremendous resilience I serve incredible past to customers for want globally this thank their Our provide them and our to
are advance to capabilities. pandemic in our foundation, We technology strategy are confident and this period our to business enhance strengthen using core our our and
values, road areas: to annualized our profitable and through us while growth customers' Our XXXX and our of aligned maps. CTS' enhance a needs, business we Initiative will XX% take our working culture capability And globally our through performance. leadership active the management; operating portfolio aligning core financial on relationships and Ashish product focused foundation continuous system our our At supporting with priorities. the three, more is our X technology communities environmental building this advancing key capabilities. customers, basis performance, on with execute Number organizational improvement consistent finally, to and building closely time,
Ashish?
