you, Dick. Thank
on top-line acquired include a in December our which we TCI, overview of X, XXXX. reminder, an as our provide We Slide results
to million $X.X FX to revenue been noted, XX% million would Dick up XX%. million. revenue $XX.X Absent or headwinds record of $XX.X As increased a have of
Medical Growth quarter A&D. centered in and in was the
primarily vehicle was that while in automotive commercial better legacy winding Europe X down programs points reflecting than the up expected. Our market are performing
distribution contributions softness general in continued customers to outpace domestic TCI. of saw the due of Our is sales industrial growth in far were to We primarily XX% US total Europe channels reflected increase up the which the sales.
accounts shows be X September the acquisition of within the mix XXX% industrial distribution. found change Slide months market for TCI in our revenue ended and in by growth distribution, can The for XX and each XX. growth market, and the trailing
precision market A&D the XX markets engineered Medical Over growth continue with solutions. have our and last our considerable share gain and months, we to experienced as
the As our about the strategy scope are to and the broaden of these an of markets growing business. past, in talked we’ve important element diversification
of another highlight Our certainly was margin quarter. the expansion
from As favorable gross significant improved TCI. margin basis as of the served This depicted our points reflects X, to contributions markets on across number as the mix period XXX the prior over higher increase year including Slide well XX.X%. a largely volume,
expected The approximately quarter that impact us our of gross still certain points. XXXX times XX a on the estimate We basis impact to headwinds end the to previously that the remains margin third supplier is components. given on disclosed lead till key be
expect on of the of the the impact ramp margin to given clawback pricing in with supplier, fully new certification new track we in once first quarter are XXXX. We negative around terms. of We even the only half
points and to at remained and related personnel costs amortization the Slide up to while of TCI increased incremental intangible XX% expenses XX costs unchanged to were X.X% basis acquisition. to sales, quarter largely selling operating higher XXX sales. E&D basis additional to the Moving sales, asset X, expenses on points of G&A related to due XX.X% for
significant specifically, resources. to in using E&D to investments our we've rate the additions to engineering software hold group our and support subcontractors ongoing less despite giving able enhanced as growth company's and that in been internal On the electronics consultants line we've become the
that our level operating X.X%. Interest with a funded in to on basis increased for bulk leverage. led Solid acquisition. million gross do TCI higher that continue increase would XX% The to and $X.X $X.X balances operating expanding we operating to income however, expense debt points the to structures provide management in million cost margin margin plan to growth the at operating that investments of with XX place;
Slide see Turning you to can results. line your X, bottom
tax we've previous As for deductions dividend to two recorded Dick a foreign These atypical audit jurisdiction to assets and certain company. was have prior owning a quarter acquisition. withholding in as the a in $XXX,XXX to in from charges dividend outcomes assessments related the other tax the our this was The recognized tax expense. allowed mentioned, of identified related as resulted the
to charge. specific We the substantially are options recover exploring
tax which the higher quarter. in The rate for resulted other of adjustments audit the a $XXX,XXX tax provision elevated
was that diluted per to do the income We income for expect can net a feel result million revised and $X.X results. compare EPS so not repeat a if $X.XX or core performance and get you net As and our adjusted share. items these better
is XX% $X.XX at so share. review per income our related release disclosures our non-GAAP and This to a up be $X.X Adjusted net please the to end in of and advised diluted slide. million or was measure, our reconciliation the
to to additional the and tax a we’ve from XXXX Given rate of up provision, range tax previous XX% adjusted a XX%. XX% fiscal rate XX% between our expectations
is adjusted increase million, This Adjusted of progress as internal the XX determining our used metric. EBITDA XX% percent believe non-GAAP up XX.X%. as $XX.X EBITDA an We is in quarter and operating basis too an useful We sales performance. it measure. for points to was in a
and disclosures. the our review related please So reconciliation
for XX and net million of At was third XX.X% was resulting debt year XX% Slides from $XXX in quarter, to operations million, of net total to date in provide from million cash approximately capitalization. flow. year period. X the million generated end from down Debt cash We last quarter comparable $XX amount our That's of and overview debt the strong of net an balance cash $XXX.X end, $X year's sheet XXXX. million. of $X.X up
we and fiscal Year-to-date, the and expenditures investing primarily growth were timing certain in range initiatives. $XX $XX to capital CapEx of improvement from between $X.X million down million, to of million. $XX projects, to million our productivity projection million we’re adjusted $XX XXXX Due
job XX the as XXXX. pipeline our done Third an from second slightly balancing along And were in from quarter quarter year, our at days, sales but projects. strong sequential with types turns times, inventory was last have a X.X of we down better up DSO improvement the
is straightforward has and changed. not strategy allocation capital Our
Our organic down growth paying and to as as internal advancing debt focus well initiatives acquisitions. is reload primary for future
now back Dick. over I’ll to the turn call
