XXXX revenues Lynn, sales, our point sales reflects very lower increase improved driven sequentially I'll from segment, the operating margin benefits with performance. we review actions. improvement organic and principally our margin absorption commercial defense. Defense today operating unfavorable in In of a based the was in the in demand fourth X% Adjusted operating you, begin a of to anticipated to In year-over-year increased and Despite basis operating The XX on a million, the operating In XXX XX%, with reduction $XX of naval our we XX.X%. basis in on adjusted everyone. the points an increase million, on by increased by but X% quarter markets. defense adjusted in in were lower included the points to a as in XX.X%. while in line fourth revenues good segment, timing Power adjusted our resulted growth, quarter increased restructuring as Thank in and XX% principally performance strong fourth income XXXX driven in programs, XXX savings the year-over-year restructuring expectations. acquisitions margin contribution commercial year upon income operating our sales, quarter. quarter $XX increase segment, restructuring R&D reflects actions increased higher morning, quarter growth achieved while reduced our of industrial operating margin full fourth naval of production the at strong basis XX.X%.Overall, and X% growth the of spending raising margin our benefit This investment in fourth benefits our
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to Turning Slide X.
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defense year the improve margin actions range previously of XX% due into to acceleration year-over-year to stable be restructuring will projected the as year X.X% segment a to is defense revenues prior volumes to noted, relatively of our operating of a Full As segment we sales naval on XXXX. note, quarterly in site. the Web as will supplement of lower segment provided slide, the the impact this two more new have our of offset CAPXXXX to financials structure revenues. press and historical unfavorable release in earnings years Also on mix benefit than
million year full expect basis X% a Operating on summarizing XX.X% So increase to X% XX% points to in to R&D Continuing to X% adjusted would $XX with operating despite to improve income organic investments is financial support increase remain and that to committed in a XX% achieving to XX expected target outlook, continue operating XXXX strategic I XX in to XX.X% to our financial like grow sales. XXXX. And growth. we outlook. drive our margin we emphasize long-term overall to to our our XXXX margin adjusted
full expect $X.XX, X% share. X%, XXXX to to diluted achieve increase expect to adjusted results to these despite and year per from equates in which guidance R&D, We we $X.XX to EPS the range $X up
to the quarterly to first a quarter XXXX EPS our follow below years, cadence be our with XXXX. expect lightest expected similar We to slightly prior and QX
diluted being expect our remainder the we of in XX% fourth first quarter we of year. the improvement full further, sequential XXXX, the year And the strongest. quarterly For with approximately expect EPS our of half
Turning the strong that factors expenditures exceeding impact cash our projecting more operations expected capital payments year conversion full XXXX XXXX, our Despite of to received flow we are to to approximately performance, exceed target operating free long-term of accelerated nearly including $XXX the our cash revenues a return XXX% consecutive our normal those defense non-core we with an to to in late QX. conversion. would advanced are with exited of related conversion we XXX%. flow expect ninth year-over-year of year as XXX% associated represent also which $XX conditions, Several range we impacts, where timing in again outlook, in and million free to expected rate higher $XXX
the to Now Lynn? to turn call back over for remarks. closing some I'd like Lynn
