and starting to everybody. join us use Appreciate you, and comments, to I'm Page you going Like on guide time the my here. X. I'm Dave, the Thank good slides to taking Dave, morning,
year. op is flow, overview Adjusted points. of margin year. which mentioned, free Dave XX nearly of increase -- million for in million strong the $XXX of billion an of quarter of $X.XX basis of Just the the XX%, over the cash sales. And $X.X results a $X.XX, increase diluted EPS Operating adjusted prior and margin $XXX
the markets into and Let's dig performance the Page on X. sales
everyone when Switzerland, X You our high-voltage billion, in buying we've that's see last us been Dave we businesses, point that sales in year. based growth. mentioned test that business cost so that remind at and $X.X X% selling I'll equipment and below sold
organic impact on share that the essentially, here X% at volumes. So and, quarter the highlighted of the Lightings' is is of lion's challenging
the so actually quite balance, is And the of flat. rest on company
And through some bifurcation that between to markets. -- individual now of the really utility-facing show our electrical-facing starting markets see we're so our our markets of I'll some end you walk and versus kind
we're saw of double-digit On industrial, seeing renovation declines softness. business our And and in there. some & high in on Electrical relight So is face, Harsh starting double-digit On we a our the the oil softness quarter. single-digit with Lighting and where heavy Hazardous there. businesses markets, saw end also also a we the side which declines where saw
see points markets We stronger growth. are continues end source notable strong Transmission, the customers to markets in very to and So harden now. weakness where we're and distribution of little quite our continuing a provide distribution infrastructure and contrast those grid very and bit strong than transmission make and of good underlying they're their a those growth. their in to seeing right electrical upgrades
adjusted Starting basis turn let's towards to that see wanted expansion to point So XX% minus offsetting supported quarter. the performed, X with to margin income, drivers a operating organic in with result this I'm everybody the of X. our sales, our and walk Page Really, going is I of dollars flat X% that pairs of through. XX fourth year-over-year, how earnings you with
was that incremental reinvested that future through exclusions very being which is X from takeouts. earnings SKUs. to The approximately in quarter, benefit some in provided granted we point tailwind. first a a Those going And X us a margin of amount set earned narrow tariff the we restructuring on exclusions point benefit cost
that volumes more discussed we we've has than second the a we throughout with offset effective that trend prior the The discussing is exclusion decrementals dimension. tariff been highly on That drivers, year. a with you price-cost the the lower This new pair page from price-cost management management. of been
comment. So quick it's worth a
got U.S. in in of vendor described, associations were we well our and calculations. through very groups through on the as headwinds, year. tariff directly the but And Dave to we were largely result next tariff specific the commission, was excluded And of year, reduction both the as we approaching expense chain will our deploy we fourth able of focused quarter, repeat tool as supply management. with some from realignment trade primarily price, As that and started industry that are our the also this managing quarter SKUs
but have quite benefit in and full 'XX, we'll comparable essentially 'XX versus a the 'XX, tariff quarter, quarter. fourth in for being concentrated all in create that will -- was so picture X year, the recognized And comparable so expense in
The rate rate lower about $X.XX interest you couple $X.XX about effective On Tax XX.X%. increase and a this higher the per share. in is last X% diluted a $X.XX. us earnings of expense or our the a right of over lower gave year. of pennies and year us OP the on page, give the quarter adjusted The side basis tax fourth adjusted see
mentioned, Aclara with the a cash getting associated on we reduce interest free flow expense. of us helping us Dave acquisition The is took that that debt our and lower
disaggregated into X and performance take the we'll our segments. So those --
start And on let's Electrical Page X, segment. with the
can test sales X%. is see the segment down of divestiture where located. This You was high-voltage equipment
of with of So the the The you generated. sales of in the some markets. on of we Those Harsh as organic down industrial those Lighting, oil on areas Grounding the -- weakness: -- as serving double X% side, digits; Connectors $XXX and Hazardous masking roughly decline, heavy & Wiring growth areas really and business. business that X Device well million in notes that weakness our see our experienced
price-cost And side, margin and exclusion that essentially XX higher the we with told the the OP the overcoming of the that's keep decline expansion investment tariff basis overcame that in the the on story with flat. and restructuring volumes dollars performance And of points we benefits. of volume to
X, million, drive I'll income an in margin to segment. adjusted sales increase points operating the to you'll growth Page And of X% XX X% $XXX to to basis of a increase million. about see talk $XX XX.X% Power
X digits. where Aclara, the of business the between at segment Power familiar mid-single components declined disaggregating we you're worth grew mid-single it's think which digits Systems that with, Legacy at our more Power I all versus
offsetting So higher overall dampening effect extra But an restructuring. that the you margin see achieved, point including expansion sales was growth. note, that also on in at points of of XX basis -- an investing
to provide the lift that And improving margin drive so expansion. cost price to manage extra that
worth think on a it's comment I Aclara.
at of been we've about, what their feels lumpiness adding step little down with the the context is business Just out of more a of because I so of mid-single quarter digits helpful. think and talking
that QX is in at it sequential in normal healthily the very our XXXX. we've when to attributed a seasonal difficult fourth in compare largely business a of now quite For grow double very, grown to and outlook mid-single-digit in continue years very strong the back it outlook. beyond. The throughout grew decline and had their When digits sales XXXX, quarter the has Aclara, digits mid-single XXXX. is for we they sequential 'XX And owned to has it growth look X
in we as a the think and to Aclara, as on worth communications some seeing we're with volumes growth think to there quarter that growing on forward quite that well was portion that specifically beyond business. the order multiyear that I as at advancing progress business as quite good well story looking well it's growth it of focused future the some we're sign And that has fourth And commenting AMI it customers to. of a see
mid-single our the gas our approximately The business growers also because on sales to think year got natural Systems Page and all the digits. full Power helpful in at up few full billion. net to growth step back. I look results. fourth it's for see you'll moving quite of our And $X.X Grounding that X% and quarter's year, pieces X, And business, Connectors business, a really it
declining the the Hazardous that little a and growth & of business side, Lighting bit. Harsh some On dampening
to think operating leverage business. the the great throughout see I
operating growth X% growth sales trends like growth, resulting X% So to double-digit in cash growth. and profit Those we'd free flow X% continue. driving earnings are
operating was see spending we did. year. in year gross investing the coming margin mentioning obviously expansion this through to of Dave did the related of margin that outgrowing you'll we The with of the management. where doubling XX kind last cost refer that's sales And restructuring points, note, of versus basis That's that all price and that we profit
really I And sign. expand next invest in margins think to so able a and year's beyond and margins, good
of think, just million headcount The investing worth it there. year's of savings result X.X-year that softness reductions. sales required of say, next of some that the $XX next attractive I invested as that this footprint would year. On earnings. X/X $XX payback, of and, headcount keep from million in invest reduce was quarter in commenting paybacks majority And front, that it's year realignment. the $XX spending again, ultimately about for and is restructuring in us in to we we see us million about The important driving to fourth
commenting obviously also worth The had is of flow roughly on. free a amount OP, cash We comparable CapEx. higher
good That where restore most Aclara higher integrating some capital for inventory in XX, And the OP working past Page of I balance acquisition with complemented was sheet side. cash receivables essentially been on post is and us see outcome obviously, the Aclara the that notably so borrowing our the flow, that, seven you'll quarters. for management, and helps a think, we'd digesting
into as that part balance debt-to-EBITDA X And fourth acquisitions closed here, just proposition. sheet the made got to we able noted our delevered value Xx jump of been quarter. we've down neighborhood, bolt-on acquisition I'm in back and the happy our to the And very
business, is is Systems first Green trades Power Cantega, which an name The protection asset of Jacket. inside our under the company,
named the line. off Products, perform Connector the that. pictures covers happy to incursions and and fit So business of the against help see a can inside our appli with Grounding great other And Connectors environmental really fits start, you there custom substations that really wildlife Inc.
of a easy It line splices. to specialized the do the product picture tools. install. is wedge tap and there it's You Noteworthy also require doesn't see about any
complements business. really These X above both Hubbell it high existing businesses, for being So very margin averages. average our
you'll we so kind into extra deploying for high-margin the some these see X a high-voltage flow, see talks future. about the And proceeds you'll And from value Dave of sales some good these is outlook, creation businesses deals. from our plus think, cash contribution business when
it Dave, cover with outlook XXXX. back our So to you that, I'll to for turn
