everyone. morning you John Thank and good
revenue, move aluminum the let's extrusions Organic came key Latin fourth results the a the Tennessee appendix. XX% or in year-over-year quarter of financial was adjusts $XXX organic X% basis. slide can quarter for Revenue up was divestiture XX American the to Revenue on Now million all million be of the for for reconciliation or found currency, for billion, the the driven for in The on business prices, by segments. revenue gains $XXX at up volume quarter. and slide and which in year-over-year. six $X.X packaging growth our
All the helping. up markets our fourth of Organically, as growth were quarters was experienced up wide-body first and in by of supported was and have aero In three solid commercial was The into recall will in is the production engines aero automotive in that continued airframes and volume year. tailwind wide-body aerospace and up growth airframe. markets notable be single weakness to aero go aero our XXXX. XX% defense year-over-year. the XX% these may key mix more aero organic of as the airframes a aisle quarter, in transportation offset digit decline to than we growth in we you growth X% in XX%, Double the due we
XX year-over-year slide appendix. growth rates We XX on have and in included market the
fourth down unfavorable operating operating prices, $XX was year-over-year X% million improvement $XXX quarter items, income aerospace higher business, EP&S points. up in impact. in our and on particularly as quarter to X% impacted when as by third income Without $XX straight all million the quarter, year-over-year favorably price was aluminum due defense automotive In unfavorably the quarter, fourth and million million was represents impacted GRP. in by Aluminum of Excluding fourth margin basis exclude well the income in commercial income $XX transportation hundred operating operating by special basis operating volumes year-over-year, and of percent the which in segments, we across or the a income year-over-year. impact prices the
on than While end prices average X% resulted of aluminum prices the quarter. to prices higher continued lag aluminum were LIFO aluminum last the unfavorably impact impacts the appendix. the found the seller The Higher scrap in segment are aluminum of offset can metal aluminum as net versus aluminum an as quarter. price scrap. sequentially, at quarter as unfavorable of of the year contracts was in price in mark-to-mark well spreads still XX, by impact XX be aluminum impact decreased prices year. components Lower on unfavorable favorable us fourth impact XX the slides loss declining The we of on more in by in derivative and aluminum
unfavorable due income comprised higher year-over-year platforms. the engines, our primarily fourth In by with in excluding product engine income $XX is introductions for new of by than product million was decrease to prices. Finally, caused special mix down points was aluminum of X.X% mix the the basis operating quarter, our XXX XXX percent half new of basis aero specifically driven points items aerospace. margin more our Operating
capital fourth Two-thirds in by favorable appendix. driven mentioned, primarily operating free Compared the flow of expenditures. in of million cash eight free increase lower as flow, per improved aluminum per the pension of higher $X.XX, to Tennessee. $XXX interest capital as contributions impact or our excluding to return The included income spend Moorestown, treat items the Davenport, and engine expand a expense our and install quarter higher capacity was drove special items and operating year, earnings Days projects share $XXX offset aerospace in was lower working Iowa slide Hungary, expense the Lower also heat was generation the prices. year-over-year. at have last XXXX. aero on capital a Adjusted continue We improved fourth pension the capital special the capacity cash year-over-year. XXXX. for $XXX and Whitehall, OPEB in earnings seeking million unfavorable horizontal Diluted or in $X.XX than and wheels quarter industrial expand Michigan excluding that furnace of days in more markets reconciliation was quarter working of quarter than offset benefit million the XX the John share for fourth we
by Finally, strong largely results $X.XX. segments earnings across by share per all operational improved volumes driven
million, unfavorable due well impact on Growth growth were let's than fasteners. and aerospace and as pricing introductions of increase or defense an billion, particularly X% aluminum from EP&S' and aerospace continue was up move in results by Segment business the in X% year-over-year. revenue was aero digit markets favorable we year-over-year. fasteners down revenue share in as $XXX the to engines new in $X was to to quarter, defense. lower a impact Organic prices product fourth the our the in more profit operating double slide as seven. segment million Now $X.X of volume gain aero offset X% In
XXX were revenue year-over-year. as commercial of and profit the offset XXX the including percent fourth or the challenges aero Growth fourth markets Segment industrial points impact digit operational offset which $XXX commercial aluminum percent a transportation a revenue aluminum transportation down revenue markets in margin points we costs. by increase as Higher operating XX% Segment than an at of unfavorable unfavorable than basis repaired impacted Presses margin prices operating net operating billion, due was impact of fourth X% year-over-year. outage. down ahead points unfavorable down the impact commercial year-over-year. profit up unfavorably pricing due aluminum in $XX were and continued from to prices. from $XX prices. $X.X manufacturing transportation the down the structures weeks more million basis XX% Organic the quarter, Segment was down up automotive, revenue fourth million transportation. Additionally, was press aerospace growth million, was XX.X%, year-over-year. airframes favorable by end business $XX was Cleveland was an automotive schedule. in operating In of GRP's and in the quarter, profit XX% year-over-year, Segment or prices. and results, of in of the more savings engineered year-over-year, and $XX TCS as million double was in to quarter well basis year-over-year. four point in our in percent see decrease In was X% the building of to and aluminum margin impact along operating construction growth as Organic basis pricing profit profit $XX XX.X%, with commercial delivered XXX including was transportation including well point pressures transportation. an cost was XXX volume commercial higher impact Segment million, unfavorable as quarter, X.X%, X% basis million, XXX strong
eight. to let's key the fourth Now move on quarter slide slide achievement
was quarter and reflects digit For $X.X continues basis demand a the was over which products to aero growth up quarter for defense any fourth unprecedented revenue for in The billion a in by EP&S' our record XX% and record EP&S' revenue driven on aero history. up year-over-year customer be double volume quarter, engines XX%.
we airframe the consistently fourth offset TCS more driven In to to Regarding organically volume with organic growth revenue continues by as in smart the in initiatives. was volume. revenue commercial strong strength XX% to in was a And quarter, be and than wide-body strong weakness in continued XX% net GRP, up commercial TCS, savings, automotive by growth markets manufacturing transportation organically major improved increase X% as was in team up deliver continues single deliver year-over-year. aisle the
X% I key $X XXXX slide full-year our year-over-year. X% to or themes increased the came nine and move at for for let's year results. Organic million the billion, $XXX or will up some in revenue touch of Now $XX Revenue billion on year-over-year.
saying have automotive, transportation and with markets year, digit and healthy year-over-year remain all key engines, double As aero in aero growth our been commercial we strong defense.
by was income $XXX product operating year-over-year. Higher down and XX Aluminum volume on between Without losses the basis markets impact higher contributed aluminum income operating The by million operating mix operating split weaker million Excluding the of income favorable aluminum special up X%. was year, billion impact margin basis losses. in for $XX while revenue introductions the million prices unfavorable million a derivative scrap impacted to unfavorable unfavorable a $XXX and $X.X of or strong income $XX aerospace mix production aluminum income in airframes new on contracts, spreads a year impact to aero X% resulted was unfavorable price points. and operating year-over-year unfavorably operational operating and items, for income. mark-to-mark evenly prices,
essentially expected year, the aluminum of each and the of For LIFO throughout which prices and lag year. other, fall the rise the given is offset metal impact
XXXX capital I day achieved capital. seeking As days adjusted of mentioned spend was improvements by reduction the flow as we cash driven for working in taxes diluted aluminum return our XXXX. or working projects. earnings earnings was share impact more $X.XX $X.XX free per for unfavorable strong share lower before, was Two-thirds prices. higher capital excluding eight per lower and of an year Lower OPEB items special and pension interest offset higher expense expense, than than
are billion. Supported revenue would and Now to see XX growth. we growth robust X% of aerospace billion put revenue our by expected experience slide let's guidance. are to growth of in markets organic our key in move approximately at to to defense to most $XX.X That XXXX. end-markets, $XX.X to The for continue XXXX expecting X%
uniquely solid revenue industrial continue markets. transportation which also are in in strong and We automotive we growth with also to growth, anticipate positioned commercial our
operational exclude special in lower product costs pricing be guidance versus offset spreads. any net to volume, well to as impact XXXX as and aluminum we items driving aluminum per would new introductions between per partially XX% in cost will share, will a impacts would per by share improvement excluding As expect be we XX% transportation continue XXXX. $X.XX from earnings focus in prices and share performance further earnings on which savings, to cost items special of repurchases. $X.XX aerospace in share scrap aerospace Favorable The reductions, excluding share represent per that favorable
million of aluminum we metal $XX in based assumption expect on ton, tailwind our XXXX, metric Regarding least a including LME at per current Midwest prices $X,XXX Premium. and
reduce drivers qualify adoption which contracts key of new significantly hedge is exposure. accounting the our which to a will accounting for mark-to-market standard the most our of of One allows hedge
based and flow, the first our on slide capital target expected the of the $XXX following. increases. annual to contributions and for cash is of usage quarter as free pension assumptions will XXXX guidance. XX, the XXX key to I payments working anticipating range reflects timing in this million. an is provided will Regarding target interest of well that cash I as XXXX we have million note derive an note On
approximately The million As of metric used growth mentioned, capture our for Midwest industrial for guidance and assumption expenditure and automotive previously for is to a operations price per including and capital aluminum sheet. $X,XXX Premium. expansion aluminum ton is demand assumption LME $XXX potential Tennessee
can turning in items have Before XX cover it let in be John, slide back special me summarized the found to quarter. On appendix, we a few fourth items four the that appendix. for
category which resulted which following $XX four the primarily first restructuring, pretax million in relates income of to consisted The of subcategories.
consideration related $XXX transaction the gain First, XX Texarkana October The income continuing million mill. to on sale in of the and $XXX additional proceeds on closed million. of plus an resulted to of of $XX cash rolling up million
of our This proceeds loss revenue. million closed December XX non-cash annual $X on and about small cash our was sale on with charge in forgings resulted plant the portfolio of Hungary. The related transaction million $XX in $XX million. of business a to of a Second, in
charge Third, quarter settlement $XX of in of U.S. plans, a million which XX-Q. for to was larger accounting related non-cash one third pension previously our our disclosed pension
quarter fourth the curtailments effective pension Finally, U.K. XXXX. a to of pension the freeze plan million in announced non-cash quarter $X of with charge is and in associated the related XXXX first
plans of As to liability John now with pension mentioned our defined earlier, accruals. future XX% associated gross are closed benefit
quarters. external legal which consistent million level Tower SG&A. costs recorded The of advisory with a special previous second This spending $X is to and in has were related charge been of category items other for Grenfell
special costs category for portfolio items million external third related the a in of which review, to is were recorded $X and charge SG&A. strategy The
Our discrete last fourth touch items category quick. is the tax these will of related I in to a on number quarter.
end enacted recorded of the at we of that of the First, million tax the the tax $XX of to reform related U.S. analysis XXXX. charge finalization our
and $XX Second, current recorded a of changes million tax-deferred rate as reversal And liability. tax another foreign finally, benefit a recorded year to the related associated listing law various well million the jurisdictions. we of tax we with benefit as $XX
All month. be XX The on detailed will appendix. is the information issued the in talk slide item XX-K, will be about this of last I would like that which in to later
$X.X provided an billion. continue approximately I debt it to and XXXX. XX% billion back our debt is have that, structure We we up quarter of as John. to billion will continues EBITDA on stands capital is Gross since our an update the net debt and at which at to sequentially. debt year of With reduce $XXX manage to times, stands with We the X.XX improve million improvement cash, finished $X.X $X.X Net turn liabilities. fourth and of
