XXXX a decline Overall, the fourth quarter year. of fourth with We quarter, XX% finished of Ashish. Thanks, was XXXX. of a $XXX challenging sales million in from the
$XXX sales were X% from down year, million, full the For XXXX.
and down Transportation For the X% were XX%, last Nontransportation sales down year, year. full were sales from at
in fourth Customer demand quarter. remained soft the as expected
the and year. fourth X.XX quarter for book-to-bill full Our was X.XX the in rate
while we of we the as their environment, fourth expenses, quarter thank navigated operating particularly I our revenue want to for managed in support teams a XXXX. challenging carefully
adjusted was to last impact XXXX, and down first XXX the shift points, quarter revenue transportation. driven a mix down year volumes expect to margin partially margin gross versus basis this of XXX was basis the in gross the XX.X%, Adjusted environment soft We fourth lower Full by points quarter quarter quarter. the XX.X%, the XXXX. of in similar
to from in especially pressures expect and persist XXXX, cost certain increases. cost materials for We some labor
pressure manufacturing pricing confident We performance profitability. expect improve and to in our chain sites in transportation markets. We the operational drive to return, cost our supply and our remain to in ability particularly
quarter per of from the on period our were Later, Fourth earnings down share year $X.XX of adjusted further year. add earnings from Ashish $X.XX adjusted $X.XX diluted share performance. Full decreased $X.XX per same last will diluted XXXX. financial color
continue challenging was make XXXX strategy. significant progress long-term to we a Although year, executing our
growth, markets capability profitable electrification our and new and materials our products, highest through driving through Our diversification advanced priorities. focus growth mobility on with innovative remain
we across end XXXX, made solid areas, and markets with in new non-transportation our During customers progress multiple applications.
wins we reach strong imaging. motor eBrake we climate traditional had awards in advanced Defense, development areas secure unmanned securing our in several accelerometer we communications, diagnostic and autonomous traction position Awards won and contract we first our In a and for for metering Transportation, sensing. had ultrasound, In In secured vehicles expanded undersea such automation, Industrial, flow and Medical, therapeutic control. as and beyond In applications.
maglab Our applications. for multiple inroads acquisition sensing opportunities strong on current met
On in and the the significant Matamoros in on to revenue to currency lower track rate our the in We the be operations into mix the drive is Juarez of front, and shift, our made unfavorable impacts our improvements completed facility site progress to half consolidation from plans project changes. first offset of XXXX. work the Mexico,
In look this Denmark. our XXXX, XXXX, consolidation X completed the on in build our in momentum. facilities to we teams Earlier of
burn driven XX% down industrial markets. by Nontransportation period across and the primarily versus last inventories sales the quarter customer XX% distribution year declined the in to of fourth the declined prior year, compared and
used in applications, quarter, the In in be for due microactuators to to China. continue primarily driven decreased sales industrial the in printing soft market, demand industrial softness by
also We correct. inventory as other continue to customers, across industrial distribution levels and saw softness
wins quarter, X successful application, components new for for the sales quarter, sensing in customers and for were the in industrial sensing one with added condition with including existing including subsea in monitoring. X several printing, sensing one We We piezo application EMC heat another temperature for customers. temperature pump a and
therapeutics medical diagnostic In growth added We quarter customer. demand seeing more quarter new ultrasound customer in one remain with where expect the markets, as the for are multiple therapeutic sales stable, well further in for and had XXXX. steady wins as we in a ultrasound. We
given for enhanced X application. We added new one as buoys to as for with We for hydrophones, [ and sales multiple sensing, market awards grow application an sensing. in to expect for filter and formulations. ], current had temperature XXXX. awards beacons added solar customers quarter orders programs our customer an received the the material aerospace Aerospace well RF and end the in long-term for new and We prospects aerospace in and capabilities be Defense expected defense for solid, multiple are
ahead the of the market softness to half to distribution improve second of half the non-transportation XXXX. we continued for first industrial end in with Looking year, end markets, and in the XXXX expect potential in the
for know-how growth For new term, our with formulations non-transportation to end we material defense high-quality to key markets, our anticipate in and strategy. with in-house in environment, continue a and support medical of we solid customers. our progress diversification markets, the products expect line on prospective qualification stable Long
and minimally us we provide as as invasive automation, connectivity continue procedures medical Additionally, the growth megatrends expansion will in well markets. these as anticipate we in momentum efficiency of
year. same approximately X% $XX Transportation the period quarter, sales were million fourth in the last down from
down softening For the products fourth the million, of sales from in the to of due were quarter. primarily commercial $XXX last full vehicle year, Transportation X% year, sales
for demand softer We expect XXXX. environment vehicle products a commercial in
track local given front, OEMs. the and share between be sales competition vehicle dynamics in to transplant On to China, market light are flat, we the and continue expected
technology. our us, to are Growth for drivetrain rates for moving of versus into agnostic hybrid given ICE products EV the less a and are concern XXXX
groups. large XXXX. we award a including this across the and sensing earlier [ is modules, In the sensors Of height space for had various fourth accelerator platforms, all right with wins note We to sensors. wins ] in accelerometer follow-up a OEM, North quarter, in had American across we had product a first passive product solid award safety one
and current end China, new We booked $X.X quarter. sensing. in added the Europe business the Total Canada at of for customers was approximately billion
XXXX, strong of come vehicle our In awards of electrified XXXX. of from and for goal on revenue we electrified XX% our to platforms make had light more a progress than year continue having by platforms,
X as momentum on gained vehicle added We new we business in the quarter customers. securing electric
we [ the market, in wins from gain where sensors primarily new Our momentum by our continue driven were to our and electrification accelerometer pipeline from of benefiting acquisition. strong maglab current ], opportunities
offers to transition near look we future, As excited to rates adjust by us, the penetration opportunity, as even we're term. our the electrification
We to we eBrake see foot new expand the modules, accelerator in vehicle, cost dry continue a to product product of weight brief the our and expect low offering traditional with haptic pad a technology, space offering, well future the introduction our where as modules, product. travel advantages and accelerator
and these of potential our sensor SAM expect a X to content, than grow with ability We increase greater will billion. other applications
the in in production XX the vehicle million range. XX.X outlook European forecasted unit our expected be Turning million is range. million million light XX the is are North American range. XX unit market for in to The to expected unit China XXXX. to volumes
market a flat anticipate Overall, light for vehicle production. we
XXXX, revenue commercial end as lower vehicle well softness expect demand related competitive We to as in throughout due pressures. market
end in and non-transportation strategy, in defense of range line the the continue diversification normalize expand markets medical applications to For our distribution. customer industrial, in and with to at levels markets. customers the aim we base industrial and Inventory
we some While green shoots, are is say trend. it's too this robust early a seeing to
half soft in Defense expected the year. the to and the with half, solid. of We expect strength Medical markets a Demand in remain first possibility of second is
million, of In terms sales $X.XX to for in guidance earnings and in $X.XX. million share of range per the we the XXXX, adjusted range full diluted anticipate to $XXX of $XXX year
Now in over detail. us walk Ashish, I'll more will turn the it results to financial through who
Ashish?
