Ashish. Thanks,
$XXX sales of quarter of second decline quarter XXXX. the finished We second a from of with million, XX% the
Sequentially, sales transportation quarter versus were were XX%, of first up quarter. in of X% transportation last from the company X%, revenue same sales XX% sales and second were the XXXX. For up year. XX% the the the down quarter, Nontransportation overall end sales down period were sales to market were nontransportation nontransportation
OEM with quarter the ratio XXXX. some end and the flat basis market, improvement X.XX down a on book-to-bill in positive X.XX distribution second industrial in customers ratio and The quarter, year-over-year the Our both first was from of book-to-bill was reflects sequentially. in
year-over-year a down and challenging on and due economic order a bookings Medical continue Defense were and Overall, to the basis basis environment. the orders. carefully, Aerospace intake sequentially. up the monitor given sequentially to bookings on global were up timing of we down year-over-year
have expected While in in second to previously in we nontransportation XXXX sequential rate of a quarter, is communicated. modest the more seen second improvement sales be growth half the the than
XX% Second quarter adjusted of year-over-year earnings sequentially. diluted $X.XX down up per XX% share were and
our further add performance later financial in will color Ashish on today's call.
ships, robust Rhode we include I our scale manufacturers sensing Cranston, transducers, CTS. acquired As the solutions acoustic further comments, SyQwest market that an of SyQwest for end and of addressable and approximately hydrophones and payloads, Island, acoustic market, supplier SyQwest, our advances The naval underwater members in in my defense Located vehicles acquisition and mentioned strategy brings million. new electronics. a designs opening team to torpedoes. surface submarines, products strengthens outboard strategy This XX diversification in brings $XXX and autonomous
of balance to is in capable the welcome Tarini his SyQwest delighted Bob add estimated CTS. and $XX $XX to to revenue year. this of million acquisition million in I'm Our to team
Nontransportation to compared sales period. the quarter prior continued increasing up sequentially in the X% improve, to and XX% year second
in and continued signals sequentially, expect we up softness. sequentially In the and in with others Bookings were mixed We markets, XXXX. some period in medical the sales saw customers X% second showing also some were medical up X% from well half. same momentum performing and
minimally invasive and new win a and lead-free win quarter, and multiple temperature for a medical large an diagnostic delivery application the application. new the customers We for quarter, across second, important regions the therapeutics, we optical wins had all first, the ultrasound sensing. for for X and drug a During a win win added a for in
Aerospace from sales were XX% sequentially. and XX% and prior defense period year the up up
good the backlog for hydrophones, We multiple of orders. applications of sonar orders for buoys, filters. received We given momentum and the XXXX, RF rest expect underwater unmanned
defense submarine securing order on program. growth, for an We a new continue to traction gain European
We prospects end material given the addition defense for market the and capabilities of our long-term aerospace to expect the solid SyQwest. the with enhanced and be formulations
up the flat In from to distribution temper OEM a which sales industrial overall our as is down sequentially, X% Sales Bookings as the causing were expectations recovery half up to the with of sequentially XXXX. year X% continue period. gradual second sales. in well were market, see year-over-year were and we growth in us prior as
printing, wins in with in successful filters RF We quarter customer industrial the appliances. test and in commercial temperature We sensing, the for new components, added quarter several EMC measurement. were and flow metering, one
small While more return levels a soft. saw inventories improvement distribution to in we bookings, continue normal sales sequential POS and distributor and to remains
half in markets, expect and Looking in second of end in ahead for we levels distribution of more modest now nontransportation but growth. revenue XXXX, year the expect the an end market improvement industrial
For anticipate medical some second expect a in customers, to with half. markets, few the we growing softness continue we while
make qualification We prospective of solid progress for on also the to products expect new customers.
high-quality customers defense with strategy. expect diversification expected term, markets to are solid. remain our Longer material continue in know-how support formulations line growth in in-house we our the to to end to our key and Sales
momentum these connectivity invasive and provide procedures anticipate as in growth efficiency continue medical we as markets. minimally the megatrends automation, we expansion Additionally, as us will of well in
last approximately sales Transportation and quarter, the down X% $XX.X period from second sequentially. million year down same were XX% the in
softer a in vehicle experience environment XXXX. products commercial to for continue We demand
the in market On vehicle the navigate earlier, we China, share front, light transplant mentioned dynamics local I as OEMs. the and given competition between to continue
build less consistent our demand versus agnostic vehicles see drivetrain ICE technology. soften, The near-term products rates most growth are given light to for mostly for a market reduced with rates. continuing the and are for to analysts EVs hybrids we concern forecasting us, Additionally, of
[ China. current quarter, an sensing off-road height ride accelerator vehicle sensor applications application. We win wins and a North in for had had Europe for In chassis multiple wins win OEMs we a electrification, in second ] had groups, America, Across an various existing safety passive including in and across with the customer. we with product America application for a modules North
OEMs continue to market decisions powertrain see as sourcing correct We our they given changes. mix to delay work
Our traction adding focus expect year. further later on this we is and progressing, customers new
Interest in product, [ e-break the ] offering several cost and across weight OEMs. continues advantages
to $X We billion of approximately other e-break the of than the was sensor ability Total and at our SAM business will expect the applications $X.X increase end a greater content booked potential quarter. with billion. grow
our the unit is Turning normal this back for XX.X unit XX forecasted and vehicle softness. is on-hand unit be of in are market be improve. China in have some American vehicle to continues the range, light rates supply XX now with to penetration softened to Electric more adoption outlook some range. expected European expected to production days million million showing the The regions year. levels. in to hybrid million XX million volumes range, North to while in
Overall, vehicle production we China other light and build a to dynamics down anticipate reductions. regional more due market for recent market the
softness expect vehicle XXXX. We commercial in related throughout revenue
solid, markets we base defense range nontransportation medical the strategy, in but in line and end bookings we continued the expected. expected anticipate corrections aerospace mentioned the level customer to to expand a the green market remain we of markets. aim medical. and growth For and than diversification and applications is we shoots rate industrial, of The softer we defense recovery in continue, quarter and improved inventory in last expect our of Demand form previously in with
POS With near as the industrial improves. inventory OEMs normalize levels a term and revenue more and we modest expect distribution, improvement in
and for guidance of $X.XX adjusted of $XXX full earnings second guidance. per SyQwest half, terms in In we range We rate year acquisition. $X.XX, growth a prior million expect diluted share more adjusting million the $XXX sales now the anticipate are the from moderate our expected in included to impact in the of to the XXXX, and range
who Ashish, Now more results I'll turn the through financial us detail. in it will walk over to
Ashish?
